8-K 1 irw0400a_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 IRWIN HOME EQUITY LOAN TRUST Home Equity Loan-Backed Notes, Series 2004-A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-23 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 IRWIN HOME EQUITY LOAN TRUST, Home Equity Loan-Backed Notes, Series 2004-A Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2004-A 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. IRWIN HOME EQUITY LOAN TRUST Home Equity Loan-Backed Notes, Series 2004-A Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/4/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Home Equity Loan-Backed Notes, Series 2004-A Trust, relating to the December 27, 2004 distribution. EX-99.1

IRWIN ~~HOME~~Whole ~~EQUITY~~Loan ~~LOAN~~Home ~~TRUST~~Equity Trust Home Equity Loan-Backed Notes Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 IRWIN Whole Loan Home Equity Trust Home Equity Loan-Backed Notes Series: 2004-A 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-IO 464187BU6 SEN 6.00000% 0.00 ~~133~~128,~~255~~660.00 0.00 I-A1-A 464187BQ5 SEN 2.~~08250~~33000% 6661,~~139~~003,~~835~~308.9471 122,~~432~~396.1936 56,~~136~~528,~~527~~013.2350 I-A1-B 464187BR3 SEN 2.~~38250~~63000% 48,124,000.00 ~~101~~108,~~915~~987.9449 0.00 I-A2 464187BS1 SEN 2.~~33250~~58000% 1615,~~657~~908,~~662~~847.7721 3435,~~536~~344.8916 ~~748~~951,~~815~~669.5685 II-A 464187BT9 SEN 2.~~13250~~38000% 3128,~~369~~813,~~497~~334.2904 59,~~462~~051.6333 2,~~556~~970,~~163~~796.2561 VFN IRV04AVFN SEN 2.~~13250~~38000% 0.00 0.00 0.00 M-1 464187BV4 SUB 2.~~48250~~73000% 22,056,000.00 4851,~~670~~849.2498 0.00 M-2 464187BW2 SUB 3.~~18250~~43000% 17,231,000.00 4850,~~744~~893.5967 0.00 B-1 464187BX0 SUB 34.~~83250~~08000% 14,474,000.00 4950,~~308~~851.0999 0.00 B-2 464187BY8 SUB 5.~~43250~~68000% 3,446,000.00 16,~~640~~854.3577 0.00 OC OC 0.00000% 89,~~481~~241,~~984~~918.8310 0.00 0.00 X-1 IR0400AX1 NONSUB 0.00000% 5,~~967~~908,~~992~~737.8072 0.00 59137,~~255~~959.0847 X-2A IR040AX2A NONSUB 0.00000% 0.00 0.00 0.00 X-2B IR040AX2B NONSUB 0.00000% 0.00 0.00 0.00 C-1 IR04ACERT CERT 0.00000% 100.00 0.00 0.00 Totals ~~233~~226,~~948~~207,~~073~~245.6378 ~~614~~624,~~965~~889.9275 810,~~500~~588,~~761~~439.1243

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 ~~133~~128,~~255~~660.00 0.00 I-A1-A 0.00 6154,~~003~~475,~~308~~295.7121 56,~~258~~650,~~959~~409.4286 0.00 I-A1-B 0.00 48,124,000.00 ~~101~~108,~~915~~987.9449 0.00 I-A2 0.00 1514,~~908~~957,~~847~~177.2136 ~~783~~987,~~352~~014.4501 0.00 II-A 0.00 2825,~~813~~842,~~334~~537.0443 23,~~615~~029,~~625~~847.8894 0.00 VFN 0.00 0.00 0.00 0.00 M-1 0.00 22,056,000.00 4851,~~670~~849.2498 0.00 M-2 0.00 17,231,000.00 4850,~~744~~893.5967 0.00 B-1 0.00 14,474,000.00 4950,~~308~~851.0999 0.00 B-2 0.00 3,446,000.00 16,~~640~~854.3577 0.00 OC 0.00 9,~~241~~976,~~918~~246.1013 0.00 0.00 X-1 0.00 5,~~908~~770,~~737~~778.7225 59137,~~255~~959.0847 0.00 X-2A 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 C-1 0.00 100.00 0.00 0.00 Totals 0.00 ~~226~~216,~~207~~353,~~245~~134.7838 911,~~115~~213,~~727~~329.0418 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-IO 0.00 0.00 0.00 0.00 0.00 0.00 I-A1-A 101,750,000.00 6661,~~139~~003,~~835~~308.9471 0.00 56,~~136~~528,~~527~~013.2350 0.00 0.00 I-A1-B 48,124,000.00 48,124,000.00 0.00 0.00 0.00 0.00 I-A2 21,849,000.00 1615,~~657~~908,~~662~~847.7721 0.00 ~~748~~951,~~815~~669.5685 0.00 0.00 II-A 46,772,000.00 3128,~~369~~813,~~497~~334.2904 0.00 2,~~556~~970,~~163~~796.2561 0.00 0.00 VFN 0.00 0.00 0.00 0.00 0.00 0.00 M-1 22,056,000.00 22,056,000.00 0.00 0.00 0.00 0.00 M-2 17,231,000.00 17,231,000.00 0.00 0.00 0.00 0.00 B-1 14,474,000.00 14,474,000.00 0.00 0.00 0.00 0.00 B-2 3,446,000.00 3,446,000.00 0.00 0.00 0.00 0.00 X-1 6,200,000.00 5,~~967~~908,~~992~~737.8072 0.00 59137,~~255~~959.0847 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 0.00 0.00 C-1 100.00 100.00 0.00 0.00 0.00 0.00 Totals 281,902,100.00 ~~225~~216,~~466~~965,~~088~~327.8068 0.00 810,~~500~~588,~~761~~439.1243 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-IO 0.00 0.00 0.00000000 0.00 I-A1-A 56,~~136~~528,~~527~~013.2350 6154,~~003~~475,~~308~~295.7121 0.~~59954112~~53538374 56,~~136~~528,~~527~~013.2350 I-A1-B 0.00 48,124,000.00 1.00000000 0.00 I-A2 ~~748~~951,~~815~~669.5685 1514,~~908~~957,~~847~~177.2136 0.~~72812702~~68457034 ~~748~~951,~~815~~669.5685 II-A 2,~~556~~970,~~163~~796.2561 2825,~~813~~842,~~334~~537.0443 0.~~61603810~~55252154 2,~~556~~970,~~163~~796.2561 VFN 0.00 0.00 0.00000000 0.00 M-1 0.00 22,056,000.00 1.00000000 0.00 M-2 0.00 17,231,000.00 1.00000000 0.00 B-1 0.00 14,474,000.00 1.00000000 0.00 B-2 0.00 3,446,000.00 1.00000000 0.00 X-1 59137,~~255~~959.0847 5,~~908~~770,~~737~~778.7225 0.~~95302221~~93077069 59137,~~255~~959.0847 X-2A 0.00 0.00 0.00000000 0.00 X-2B 0.00 0.00 0.00000000 0.00 C-1 0.00 100.00 1.00000000 0.00 Totals 810,~~500~~588,~~761~~439.1243 ~~216~~206,~~965~~376,~~327~~888.6825 0.~~76964779~~73208709 810,~~500~~588,~~761~~439.1243

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A1-A 101,750,000.00 ~~650~~599.~~02295764~~54111754 0.00000000 5064.~~48184010~~15738084 0.00000000 I-A1-B 48,124,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A2 21,849,000.00 ~~762~~728.~~39932125~~12701771 0.00000000 3443.~~27230354~~55667765 0.00000000 II-A 46,772,000.00 ~~670~~616.~~68967096~~03810057 0.00000000 5463.~~65157038~~51656140 0.00000000 VFN 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 22,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 17,231,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 14,474,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 3,446,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 OC 235.80 ~~35971097~~39193885.~~66751480~~07209500 0.00000000 0.00000000 0.00000000 X-1 6,200,000.00 ~~962~~953.~~57948387~~02221290 0.00000000 922.~~55727097~~25152742 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 C-1 100.00 1000.00000000 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-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A1-A 0.00000000 5064.~~48184010~~15738084 ~~599~~535.~~54111754~~38373671 0.~~59954112~~53538374 5064.~~48184010~~15738084 I-A1-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A2 0.00000000 3443.~~27230354~~55667765 ~~728~~684.~~12701771~~57034006 0.~~72812702~~68457034 3443.~~27230354~~55667765 II-A 0.00000000 5463.~~65157038~~51656140 ~~616~~552.~~03810057~~52153917 0.~~61603810~~55252154 5463.~~65157038~~51656140 VFN 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 OC 0.00000000 0.~~00000000 39~~0000000042,~~193~~308,~~885~~083.~~07209500~~67260390 ~~39193~~42308.~~88507209~~08367260 0.00000000 X-1 0.00000000 922.~~55727097~~25152742 ~~953~~930.~~02221290~~77068548 0.~~95302221~~93077069 922.~~55727097~~25152742 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C-1 0.00000000 0.00000000 1,000.00000000 1.00000000 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-IO 0.00 6.00000% 2625,~~651~~732,000.00 ~~133~~128,~~255~~660.00 0.00 0.00 I-A1-A 101,750,000.00 2.~~08250~~33000% 6661,~~139~~003,~~835~~308.9471 122,~~432~~396.1936 0.00 0.00 I-A1-B 48,124,000.00 2.~~38250~~63000% 48,124,000.00 ~~101~~108,~~915~~987.9449 0.00 0.00 I-A2 21,849,000.00 2.~~33250~~58000% 1615,~~657~~908,~~662~~847.7721 3435,~~536~~344.8916 0.00 0.00 II-A 46,772,000.00 2.~~13250~~38000% 3128,~~369~~813,~~497~~334.2904 59,~~462~~051.6233 0.00 0.00 VFN 0.00 2.~~13250~~38000% 0.00 0.00 0.00 0.00 M-1 22,056,000.00 2.~~48250~~73000% 22,056,000.00 4851,~~670~~849.2498 0.00 0.00 M-2 17,231,000.00 3.~~18250~~43000% 17,231,000.00 4850,~~744~~893.5867 0.00 0.00 B-1 14,474,000.00 34.~~83250~~08000% 14,474,000.00 4950,~~308~~851.0999 0.00 0.00 B-2 3,446,000.00 5.~~43250~~68000% 3,446,000.00 16,~~640~~854.3577 0.00 0.00 OC 235.80 0.00000% 89,~~481~~241,~~984~~918.8310 0.00 0.00 0.00 X-1 6,200,000.00 0.00000% 5,~~967~~908,~~992~~737.8072 0.00 0.00 0.00 X-2A 0.00 0.00000% ~~227~~220,~~979~~298,~~980~~408.8306 0.00 0.00 0.00 X-2B 0.00 0.00000% ~~227~~220,~~979~~298,~~980~~408.8306 0.00 0.00 0.00 C-1 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 281,902,335.80 ~~614~~624,~~965~~889.9075 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-IO 0.00 0.00 ~~133~~128,~~255~~660.00 0.00 2524,~~732~~813,000.00 I-A1-A 0.00 0.00 122,~~432~~396.1936 0.00 6154,~~003~~475,~~308~~295.7121 I-A1-B 0.00 0.00 ~~101~~108,~~915~~987.9449 0.00 48,124,000.00 I-A2 0.00 0.00 3435,~~536~~344.8916 0.00 1514,~~908~~957,~~847~~177.2136 II-A 0.00 0.00 59,~~462~~051.6333 0.00 2825,~~813~~842,~~334~~537.0443 VFN 0.00 0.00 0.00 0.00 0.00 M-1 0.00 0.00 4851,~~670~~849.2498 0.00 22,056,000.00 M-2 0.00 0.00 4850,~~744~~893.5967 0.00 17,231,000.00 B-1 0.00 0.00 4950,~~308~~851.0999 0.00 14,474,000.00 B-2 0.00 0.00 16,~~640~~854.3577 0.00 3,446,000.00 OC 0.00 0.00 0.00 0.00 9,~~241~~976,~~918~~246.1013 X-1 0.00 0.00 0.00 0.00 5,~~908~~770,~~737~~778.7225 X-2A 0.00 0.00 0.00 0.00 ~~220~~210,~~298~~582,~~408~~256.0613 X-2B 0.00 0.00 0.00 0.00 ~~220~~210,~~298~~582,~~408~~256.0613 C-1 0.00 0.00 0.00 0.00 100.00 Totals 0.00 0.00 ~~614~~624,~~965~~889.9275 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-IO 0.00 6.00000% ~~805~~777.~~55555556~~77777778 43.~~02777778~~88888889 0.00000000 0.00000000 I-A1-A 101,750,000.00 2.~~08250~~33000% ~~650~~599.~~02295764~~54111754 1.~~20326477~~20291263 0.00000000 0.00000000 I-A1-B 48,124,000.00 2.~~38250~~63000% 1000.00000000 2.~~11777782~~26472218 0.00000000 0.00000000 I-A2 21,849,000.00 2.~~33250~~58000% ~~762~~728.~~39932125~~12701771 1.~~58070804~~61765573 0.00000000 0.00000000 II-A 46,772,000.00 2.~~13250~~38000% ~~670~~616.~~68967096~~03810057 1.~~27132943~~26253592 0.00000000 0.00000000 VFN 0.00 2.~~13250~~38000% 0.00000000 0.00000000 0.00000000 0.00000000 M-1 22,056,000.00 2.~~48250~~73000% 1000.00000000 2.~~20666667~~35083333 0.00000000 0.00000000 M-2 17,231,000.00 3.~~18250~~43000% 1000.00000000 2.~~82888863~~95361093 0.00000000 0.00000000 B-1 14,474,000.00 34.~~83250~~08000% 1000.00000000 3.~~40666644~~51333356 0.00000000 0.00000000 B-2 3,446,000.00 5.~~43250~~68000% 1000.00000000 4.~~82888857~~89111143 0.00000000 0.00000000 OC 235.80 0.00000% ~~35971097~~39193885.~~66751480~~07209500 0.00000000 0.00000000 0.00000000 X-1 6,200,000.00 0.00000% ~~962~~953.~~57948387~~02221290 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000% ~~826~~799.~~90653561~~04469132 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000% ~~826~~799.~~90653561~~04469132 0.00000000 0.00000000 0.00000000 C-1 100.00 0.00000% 1000.00000000 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-IO 0.00000000 0.00000000 43.~~02777778~~88888889 0.00000000 ~~777~~750.~~77777778~~00000000 I-A1-A 0.00000000 0.00000000 1.~~20326477~~20291263 0.00000000 ~~599~~535.~~54111754~~38373671 I-A1-B 0.00000000 0.00000000 2.~~11777782~~26472218 0.00000000 1000.00000000 I-A2 0.00000000 0.00000000 1.~~58070804~~61765573 0.00000000 ~~728~~684.~~12701771~~57034006 II-A 0.00000000 0.00000000 1.~~27132964~~26253592 0.00000000 ~~616~~552.~~03810057~~52153917 VFN 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 2.~~20666667~~35083333 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~82888921~~95361093 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.~~40666644~~51333356 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 4.~~82888857~~89111143 0.00000000 1000.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 ~~39193885~~42308083.~~07209500~~67260390 X-1 0.00000000 0.00000000 0.00000000 0.00000000 ~~953~~930.~~02221290~~77068548 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 ~~799~~763.~~04469132~~80322186 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 ~~799~~763.~~04469132~~80322186 C-1 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 (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 911,~~519~~617,~~751~~141.6223 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (~~205~~218,~~808~~394.6622) Prepayment Penalties 0.00 Total Deposits 911,~~313~~398,~~942~~747.9601 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~198~~185,~~215~~417.9283 Payment of Interest and Principal 911,~~115~~213,~~727~~329.0418 Total Withdrawals (Pool Distribution Amount) 911,~~313~~398,~~942~~747.9601 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~196~~183,~~316~~582.0901 Trustee Fee 1,~~899~~835.8382 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~198~~185,~~215~~417.9283

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 1516 0 0 1516 ~~718~~862,~~173~~643.7871 0.00 0.00 ~~718~~862,~~173~~643.7871 30 Days 3626 1 0 0 3727 1,~~878~~303,~~064~~452.8566 3144,~~797~~150.5818 0.00 0.00 1,~~909~~347,~~862~~602.4384 60 Days 1411 31 0 0 1712 ~~621~~530,~~585~~691.1905 ~~158~~31,~~670~~797.0758 0.00 0.00 ~~780~~562,~~255~~488.2663 90 Days 85 5 0 0 1310 ~~364~~266,~~005~~013.8469 ~~183~~230,~~792~~939.8905 0.00 0.00 ~~547~~496,~~798~~952.7374 120 Days 37 56 10 0 913 ~~138~~335,~~411~~348.3307 ~~212~~208,~~231~~711.8539 ~~103,794~~0.1200 0.00 ~~454~~544,~~437~~059.3046 150 Days 3 4 0 1 0 58 ~~181~~135,~~629~~792.5167 0177,426.0014 41103,~~061~~794.4712 0.00 ~~222~~417,~~690~~012.9893 180+ Days 0 0 01 0 01 0.00 0.00 018,398.00 0.00 018,398.00 Totals 6552 2933 2 0 9687 32,~~183~~571,~~696~~298.7214 1,~~304~~555,~~666~~668.1705 ~~144~~122,~~855~~192.5912 0.00 4,~~633~~249,~~218~~158.4831 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.~~362406~~402313% 0.000000% 0.000000% 0.~~362406~~402313% 0.~~326000~~409647% 0.000000% 0.000000% 0.~~326000~~409647% 30 Days 0.~~869775~~653759% 0.~~024160~~025145% 0.000000% 0.000000% 0.~~893936~~678904% 0.~~852509~~618976% 0.~~014434~~020966% 0.000000% 0.000000% 0.~~866943~~639941% 60 Days 0.~~338246~~276590% 0.~~072481~~025145% 0.000000% 0.000000% 0.~~410727~~301735% 0.~~282156~~252011% 0.~~072025~~015100% 0.000000% 0.000000% 0.~~354181~~267111% 90 Days 0.~~193283~~125723% 0.~~120802~~125723% 0.000000% 0.000000% 0.~~314086~~251446% 0.~~165233~~126323% 0.~~083429~~109667% 0.000000% 0.000000% 0.~~248662~~235990% 120 Days 0.~~072481~~176012% 0.~~120802~~150867% 0.~~024160~~000000% 0.000000% 0.~~217444~~326880% 0.~~062829~~159248% 0.~~096338~~099112% 0.~~047115~~000000% 0.000000% 0.~~206283~~258360% 150 Days 0.~~096642~~075434% 0.~~000000~~100578% 0.~~024160~~025145% 0.000000% 0.~~120802~~201157% 0.~~082447~~064484% 0.~~000000~~084255% 0.~~018639~~049289% 0.000000% 0.~~101086~~198029% 180+ Days 0.000000% 0.000000% 0.~~000000~~025145% 0.000000% 0.~~000000~~025145% 0.000000% 0.000000% 0.~~000000~~008737% 0.000000% 0.~~000000~~008737% Totals 1.~~570428~~307518% 0.~~700652~~829771% 0.~~048321~~050289% 0.000000% 2.~~319401~~187579% 1.~~445175~~221042% 0.~~592227~~738746% 0.~~065754~~058026% 0.000000% 2.~~103156~~017814%

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 910.~~670785~~354987% Weighted Average Net Coupon 89.~~642142~~354987% Weighted Average Pass-Through Rate 89.~~632142~~344987% Weighted Average Maturity(Stepdown Calculation ) ~~241~~0 Beginning Scheduled Collateral Loan Count 4,~~271~~139 Number Of Loans Paid In Full ~~132~~165 Ending Scheduled Collateral Loan Count 43,~~139~~977 Beginning Scheduled Collateral Balance ~~227~~220,~~979~~298,~~980~~408.8306 Ending Scheduled Collateral Balance ~~220~~210,~~298~~582,~~408~~256.0613 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~220~~210,~~298~~582,~~408~~256.0613 Monthly P &I Constant 0.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 35,517.51 Unscheduled Principal 9,509,008.72

Miscellaneous Reporting Excess Cash 1,~~024~~090,~~997~~681.0272 Extra Principal Distribution ~~759~~734,~~933~~328.2703 Overcollateralization Amt 89,~~276~~023,~~176~~523.1788 Overcollateralization Deficiency 43,~~130~~383,~~424~~076.4473 Overcollateralization Release 0.00 Overcollateralization Increase 0.00 Senior Enhancement % 2830.~~813488~~163140% Step Down in Effect NO Target Overcollateralization 12,406,600.61 ~~Cumulative Losses 727,533.22~~

Filing Compare · IRWIN WHOLE LOAN HOME EQUITY TRUST 2004 A