8-K 1 mam04001_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 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106982-14 54-2142334 Pooling and Servicing Agreement) (Commission 54-2142335 (State or other File Number) 54-2142336 jurisdiction IRS EIN 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 MASTR ADJUSTABLE RATE MORTGAGES 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. MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/4/2005 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

~~Mortgage~~MASTR ~~Asset~~Adjustable ~~Securitization~~Rate ~~Transactions,~~Mortgages ~~Inc~~Trust Mortgage Pass-Through Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~MARM~~MASTR Adjustable Rate Mortgages 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 1-A1 576433JC1 SEN 23.~~93518~~67800% 2322,~~797~~593,~~532~~537.5744 5869,~~208~~249.4411 158,~~203,995~~268.1301 2-A1 576433JD9 SEN 3.~~54934~~57502% 3331,~~129~~487,~~968~~514.9780 9793,~~991~~807.2501 13,~~642~~379,~~454~~397.1713 2-AX 576433JE7 SEN 2.24591% 0.00 6258,~~005~~931.7574 0.00 3-A1 576433JF4 SEN 5.~~08910~~07577% 9,~~547~~093,~~336~~479.9468 4038,~~489~~463.4467 ~~453~~698,~~857~~094.2652 3-A2 576433JG2 SEN 4.~~47710~~46377% 6057,~~585~~705,~~489~~402.3301 ~~226~~214,~~039~~652.2898 24,~~880~~429,~~087~~968.3209 3-A3 576433JH0 SEN 5.~~85894~~84561% ~~397~~378,~~515~~618.1222 1,~~940~~844.8538 1829,~~896~~066.9102 3-AX 576433JJ6 SEN 1.29853% 0.00 7572,~~891~~283.2658 0.00 4-A1 576433JK3 SEN 6.~~19706~~20753% 12,~~834~~144,~~540~~418.5420 6662,~~280~~822.3439 ~~690~~958,~~122~~788.3485 4-A2 576433JL1 SEN 4.~~95606~~96653% 2422,~~067~~773,~~172~~063.9196 9994,~~398~~252.6064 1,~~294~~797,~~108~~909.9508 4-AX 576433JM9 SEN 1.24100% 0.00 2423,~~889~~551.4714 0.00 5-A1 576433JN7 SEN 4.~~40396~~44027% 2319,~~040~~758,~~738~~194.1132 8473,~~558~~109.7882 3485,~~282,543~~591.8014 5-AX 576433JP2 SEN 1.39791% 0.00 2623,~~840~~016.6978 0.00 6-A1 576433JQ0 SEN 4.~~74825~~74550% 42,~~700~~338,~~729~~784.9550 ~~168~~167,~~961~~432.4017 ~~361~~948,~~945~~114.4582 B-1 576433JT4 SUB 4.~~43388~~50371% 15,~~722~~718,~~882~~258.2959 58,~~094~~992.4706 4,~~623~~663.7063 B-1X 576433JZ0 SUB 1.03941% 0.00 13,~~618~~614.8180 0.00 B-2 576433JU1 SUB 5.~~47329~~54312% 2,~~297~~296,~~138~~463.7421 10,~~477~~607.4398 ~~675~~681.5336 B-3 576433JV9 SUB 5.~~47329~~54312% 4,~~416~~415,~~730~~431.4965 20,~~145~~396.0507 1,~~298~~310.8506 B-4 576433JW7 SUB 5.~~47329~~54312% 4,~~063~~062,~~631~~436.4443 18,~~534~~765.5449 1,~~195~~205.0133 B-5 576433JX5 SUB 5.~~47329~~54312% 2,~~119~~118,~~591~~968.7644 9,~~667~~788.6208 ~~623~~628.3270 B-6 576433JY3 SUB 5.~~47329~~54312% 1,~~767~~766,~~162~~642.0335 8,~~060~~160.1660 ~~519~~524.6816 AR 576433JS6 SEN 5.~~87670~~86634% 0.00 0.00 0.00 ALR 576433JR8 SEN 5.~~87670~~86634% 0.00 0.00 0.00 Totals ~~260~~248,~~488~~651,~~161~~213.1980 1,~~172~~133,~~093~~742.6349 1112,~~836~~794,~~947~~210.4290

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 22,~~593~~535,~~537~~269.4443 1127,~~262,203~~517.5712 0.00 2-A1 0.00 3128,~~487~~108,~~514~~117.8067 13,~~740~~473,~~445~~204.4214 0.00 2-AX 0.00 0.00 6258,~~005~~931.7574 0.00 3-A1 0.00 98,~~093~~395,~~479~~385.6816 ~~494~~736,~~346~~558.7019 0.00 3-A2 0.00 5753,~~705~~275,~~402~~433.0192 34,~~106~~644,~~126~~621.6007 0.00 3-A3 0.00 ~~378~~349,~~618~~552.2219 2030,~~837~~910.7640 0.00 3-AX 0.00 0.00 7572,~~891~~283.2658 0.00 4-A1 0.00 1211,~~144~~185,~~418~~629.2035 ~~756~~1,~~402~~021,611.6824 0.00 4-A2 0.00 2220,~~773~~975,~~063~~154.9689 1,~~393~~892,~~507~~161.5572 0.00 4-AX 0.00 0.00 2423,~~889~~551.4714 0.00 5-A1 0.00 19,~~758~~272,~~194~~603.3218 3558,~~367,102~~700.5896 0.00 5-AX 0.00 0.00 2623,~~840~~016.6978 0.00 6-A1 0.00 4241,~~338~~390,~~784~~669.5067 ~~530~~1,~~906~~115,546.8599 0.00 B-1 0.00 15,~~718~~713,~~258~~594.5996 6263,~~718~~655.1769 0.00 B-1X 0.00 0.00 13,~~618~~614.8180 0.00 B-2 0.00 2,~~296~~295,~~463~~781.2184 11,~~152~~289.9634 0.00 B-3 0.00 4,~~415~~414,~~431~~121.6558 21,~~443~~706.9013 0.00 B-4 0.00 4,~~062~~061,~~436~~231.4310 19,~~729~~970.5582 0.00 B-5 0.00 2,118,~~968~~339.4474 10,~~290~~416.9478 0.00 B-6 0.00 1,766,~~642~~118.3518 8,~~579~~684.8476 0.00 AR 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 Totals 0.00 ~~248~~235,~~651~~857,~~213~~002.8086 13,~~009~~927,~~041~~953.0539 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) 1-A1 27,935,000.00 2322,~~797~~593,~~532~~537.5744 0.0032 158,~~203,995~~267.1369 0.00 0.00 2-A1 50,900,000.00 3331,~~129~~487,~~968~~514.9780 5,~~730~~109.7649 13,~~636~~374,~~723~~287.4164 0.00 0.00 2-AX 0.00 0.00 0.00 0.00 0.00 0.00 3-A1 13,690,000.00 9,~~547~~093,~~336~~479.9468 32,~~050~~980.7614 ~~450~~695,~~806~~114.5038 0.00 0.00 3-A2 86,874,000.00 6057,~~585~~705,~~489~~402.3301 1918,~~359~~911.4836 24,~~860~~411,~~727~~056.8374 0.00 0.00 3-A3 570,000.00 ~~397~~378,~~515~~618.1222 ~~127~~124.0208 1828,~~769~~941.8894 0.00 0.00 3-AX 0.00 0.00 0.00 0.00 0.00 0.00 4-A1 18,644,000.00 12,~~834~~144,~~540~~418.5420 12,~~754~~168.6151 ~~677~~946,~~367~~620.7333 0.00 0.00 4-A2 34,961,000.00 2422,~~067~~773,~~172~~063.9196 2322,~~917~~818.2925 1,~~270~~775,~~191~~090.6583 0.00 0.00 4-AX 0.00 0.00 0.00 0.00 0.00 0.00 5-A1 40,417,000.00 2319,~~040~~758,~~738~~194.1132 ~~640~~628.0351 3484,~~281,903~~962.7763 0.00 0.00 5-AX 0.00 0.00 0.00 0.00 0.00 0.00 6-A1 49,784,000.00 42,~~700~~338,~~729~~784.9550 913.7424 ~~361~~948,~~935~~101.7158 0.00 0.00 B-1 15,763,000.00 15,~~722~~718,~~882~~258.2959 4,~~623~~663.7063 0.00 0.00 0.00 B-1X 0.00 0.00 0.00 0.00 0.00 0.00 B-2 2,303,000.00 2,~~297~~296,~~138~~463.7421 ~~675~~681.5336 0.00 0.00 0.00 B-3 4,428,000.00 4,~~416~~415,~~730~~431.4965 1,~~298~~310.8506 0.00 0.00 0.00 B-4 4,074,000.00 4,~~063~~062,~~631~~436.4443 1,~~195~~205.0133 0.00 0.00 0.00 B-5 2,125,000.00 2,~~119~~118,~~591~~968.7644 ~~623~~628.3270 0.00 0.00 0.00 B-6 1,771,671.00 1,~~767~~766,~~162~~642.0335 ~~519~~524.6816 0.00 0.00 0.00 AR 50.00 0.00 0.00 0.00 0.00 0.00 ALR 50.00 0.00 0.00 0.00 0.00 0.00 Totals 354,239,771.00 ~~260~~248,~~488~~651,~~161~~213.1980 7471,~~525~~767.7814 1112,~~762~~722,~~421~~443.6176 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 1-A1 158,~~203,995~~268.1301 22,~~593~~535,~~537~~269.4443 0.~~80878960~~80670376 158,~~203,995~~268.1301 2-A1 13,~~642~~379,~~454~~397.1713 3128,~~487~~108,~~514~~117.8067 0.~~61861522~~55222235 13,~~642~~379,~~454~~397.1713 2-AX 0.00 0.00 0.00000000 0.00 3-A1 ~~453~~698,~~857~~094.2652 98,~~093~~395,~~479~~385.6816 0.~~66424249~~61324946 ~~453~~698,~~857~~094.2652 3-A2 24,~~880~~429,~~087~~968.3209 5753,~~705~~275,~~402~~433.0192 0.~~66424249~~61324946 24,~~880~~429,~~087~~968.3209 3-A3 1829,~~896~~066.9102 ~~378~~349,~~618~~552.2219 0.~~66424249~~61324946 1829,~~896~~066.9102 3-AX 0.00 0.00 0.00000000 0.00 4-A1 ~~690~~958,~~122~~788.3485 1211,~~144~~185,~~418~~629.2035 0.~~65138480~~59995866 ~~690~~958,~~122~~788.3485 4-A2 1,~~294~~797,~~108~~909.9508 2220,~~773~~975,~~063~~154.9689 0.~~65138480~~59995867 1,~~294~~797,~~108~~909.9508 4-AX 0.00 0.00 0.00000000 0.00 5-A1 3485,~~282,543~~591.8014 19,~~758~~272,~~194~~603.3218 0.~~48885851~~47684398 3485,~~282,543~~591.8014 5-AX 0.00 0.00 0.00000000 0.00 6-A1 ~~361~~948,~~945~~114.4582 4241,~~338~~390,~~784~~669.5067 0.~~85044963~~83140506 ~~361~~948,~~945~~114.4582 B-1 4,~~623~~663.7063 15,~~718~~713,~~258~~594.5996 0.~~99716162~~99686576 4,~~623~~663.7063 B-1X 0.00 0.00 0.00000000 0.00 B-2 ~~675~~681.5336 2,~~296~~295,~~463~~781.2184 0.~~99716162~~99686576 ~~675~~681.5336 B-3 1,~~298~~310.8506 4,~~415~~414,~~431~~121.6558 0.~~99716162~~99686576 1,~~298~~310.8506 B-4 1,~~195~~205.0133 4,~~062~~061,~~436~~231.4310 0.~~99716162~~99686576 1,~~195~~205.0133 B-5 ~~623~~628.3270 2,118,~~968~~339.4474 0.~~99716162~~99686576 ~~623~~628.3270 B-6 ~~519~~524.6816 1,766,~~642~~118.3518 0.~~99716163~~99686577 ~~519~~524.6816 AR 0.00 0.00 0.00000000 0.00 ALR 0.00 0.00 0.00000000 0.00 Totals 1112,~~836~~794,~~947~~210.4290 ~~248~~235,~~651~~857,~~213~~002.8086 0.~~70192913~~66581175 1112,~~836~~794,~~947~~210.4290

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 27,935,000.00 ~~851~~808.~~88947807~~78959871 0.~~00000000~~00001146 432.~~09987936~~08583104 0.00000000 2-A1 50,900,000.00 ~~650~~618.~~88347682~~61522200 0.~~11258861~~10038291 3266.~~15566621~~29248802 0.00000000 2-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 13,690,000.00 ~~697~~664.~~39495544~~24248941 0.~~22284587~~21768736 3250.~~92962016~~77533820 0.00000000 3-A2 86,874,000.00 ~~697~~664.~~39495511~~24248924 0.~~22284550~~21768723 3250.~~92962025~~77533831 0.00000000 3-A3 570,000.00 ~~697~~664.~~39494737~~24249123 0.~~22284211~~21768421 3250.~~92961404~~77533333 0.00000000 3-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A1 18,644,000.00 ~~688~~651.~~40058678~~38479940 0.~~68411339~~65267700 3650.~~33167400~~77345688 0.00000000 4-A2 34,961,000.00 ~~688~~651.~~40058665~~38479906 0.~~68411344~~65267727 3650.~~33167387~~77345699 0.00000000 4-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 5-A1 40,417,000.00 ~~570~~488.~~07541653~~85850805 0.~~01583566~~01555063 8111.~~20107306~~99897642 0.00000000 5-AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 6-A1 49,784,000.00 ~~857~~850.~~71994918~~44963241 0.~~00019565~~00026595 719.~~27012112~~04430299 0.00000000 B-1 15,763,000.00 997.~~45494449~~16161835 0.~~29332614~~29585929 0.00000000 0.00000000 B-1X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 2,303,000.00 997.~~45494572~~16161963 0.~~29332610~~29585758 0.00000000 0.00000000 B-3 4,428,000.00 997.~~45494354~~16161924 0.~~29332656~~29585818 0.00000000 0.00000000 B-4 4,074,000.00 997.~~45494354~~16161757 0.~~29332597~~29585911 0.00000000 0.00000000 B-5 2,125,000.00 997.~~45494588~~16161882 0.~~29332706~~29585882 0.00000000 0.00000000 B-6 1,771,671.00 997.~~45496201~~16163441 0.~~29332760~~29585628 0.00000000 0.00000000 AR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 ALR 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 1-A1 0.00000000 432.~~09987936~~08584249 ~~808~~806.~~78959871~~70375622 0.~~80878960~~80670376 432.~~09987936~~08584249 2-A1 0.00000000 3266.~~26825481~~39287092 ~~618~~552.~~61522200~~22235108 0.~~61861522~~55222235 3266.~~26825481~~39287092 2-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 0.00000000 3350.~~15246603~~99302557 ~~664~~613.~~24248941~~24946384 0.~~66424249~~61324946 3350.~~15246603~~99302557 3-A2 0.00000000 3350.~~15246587~~99302542 ~~664~~613.~~24248924~~24946382 0.~~66424249~~61324946 3350.~~15246587~~99302542 3-A3 0.00000000 3350.~~15247368~~99301754 ~~664~~613.~~24249123~~24945614 0.~~66424249~~61324946 3350.~~15247368~~99301754 3-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A1 0.00000000 3751.~~01578738~~42613441 ~~651~~599.~~38479940~~95866499 0.~~65138480~~59995866 3751.~~01578738~~42613441 4-A2 0.00000000 3751.~~01578759~~42613426 ~~651~~599.~~38479906~~95866508 0.~~65138480~~59995867 3751.~~01578759~~42613426 4-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 5-A1 0.00000000 8112.~~21690873~~01452706 ~~488~~476.~~85850805~~84398100 0.~~48885851~~47684398 8112.~~21690873~~01452706 5-AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 6-A1 0.00000000 719.~~27031677~~04456894 ~~850~~831.~~44963241~~40506327 0.~~85044963~~83140506 719.~~27031677~~04456894 B-1 0.00000000 0.~~29332614~~29585929 ~~997~~996.~~16161835~~86575906 0.~~99716162~~99686576 0.~~29332614~~29585929 B-1X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 0.00000000 0.~~29332610~~29585758 ~~997~~996.~~16161963~~86575771 0.~~99716162~~99686576 0.~~29332610~~29585758 B-3 0.00000000 0.~~29332656~~29585818 ~~997~~996.~~16161924~~86575881 0.~~99716162~~99686576 0.~~29332656~~29585818 B-4 0.00000000 0.~~29332597~~29585911 ~~997~~996.~~16161757~~86575847 0.~~99716162~~99686576 0.~~29332597~~29585911 B-5 0.00000000 0.~~29332706~~29585882 ~~997~~996.~~16161882~~86576000 0.~~99716162~~99686576 0.~~29332706~~29585882 B-6 0.00000000 0.~~29332760~~29585628 ~~997~~996.~~16163441~~86577248 0.~~99716163~~99686577 0.~~29332760~~29585628 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 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 1-A1 27,935,000.00 23.~~93518~~67800% 2322,~~797~~593,~~532~~537.5744 5869,~~208~~249.4411 0.00 0.00 2-A1 50,900,000.00 3.~~54934~~57502% 3331,~~129~~487,~~968~~514.9780 9793,~~991~~807.2501 0.00 0.00 2-AX 0.00 2.24591% 3331,~~129~~487,~~968~~514.9780 6258,~~005~~931.7574 0.00 0.00 3-A1 13,690,000.00 5.~~08910~~07577% 9,~~547~~093,~~336~~479.9468 4038,~~489~~463.4467 0.00 0.00 3-A2 86,874,000.00 4.~~47710~~46377% 6057,~~585~~705,~~489~~402.3301 ~~226~~214,~~039~~652.2897 0.00 0.00 3-A3 570,000.00 5.~~85894~~84561% ~~397~~378,~~515~~618.1222 1,~~940~~844.8538 0.00 0.00 3-AX 0.00 1.29853% 7066,~~132~~798,~~826~~881.2669 7572,~~891~~283.2658 0.00 0.00 4-A1 18,644,000.00 6.~~19706~~20753% 12,~~834~~144,~~540~~418.5420 6662,~~280~~822.3439 0.00 0.00 4-A2 34,961,000.00 4.~~95606~~96653% 2422,~~067~~773,~~172~~063.9196 9994,~~398~~252.6064 0.00 0.00 4-AX 0.00 1.24100% 2422,~~067~~773,~~172~~063.9196 2423,~~889~~551.4714 0.00 0.00 5-A1 40,417,000.00 4.~~40396~~44027% 2319,~~040~~758,~~738~~194.1132 8473,~~558~~109.7882 0.00 0.00 5-AX 0.00 1.39791% 2319,~~040~~758,~~738~~194.1132 2623,~~840~~016.6978 0.00 0.00 6-A1 49,784,000.00 4.~~74825~~74550% 42,~~700~~338,~~729~~784.9550 ~~168~~167,~~961~~432.4016 0.00 0.00 B-1 15,763,000.00 4.~~43388~~50371% 15,~~722~~718,~~882~~258.2959 58,~~094~~992.4706 0.00 0.00 B-1X 0.00 1.03941% 15,~~722~~718,~~882~~258.2959 13,~~618~~614.8180 0.00 0.00 B-2 2,303,000.00 5.~~47329~~54312% 2,~~297~~296,~~138~~463.7421 10,~~477~~607.4398 0.00 0.00 B-3 4,428,000.00 5.~~47329~~54312% 4,~~416~~415,~~730~~431.4965 20,~~145~~396.0507 0.00 0.00 B-4 4,074,000.00 5.~~47329~~54312% 4,~~063~~062,~~631~~436.4443 18,~~534~~765.5449 0.00 0.00 B-5 2,125,000.00 5.~~47329~~54312% 2,~~119~~118,~~591~~968.7644 9,~~667~~788.6208 0.00 0.00 B-6 1,771,671.00 5.~~47329~~54312% 1,~~767~~766,~~162~~642.0335 8,~~060~~160.1660 0.00 0.00 AR 50.00 5.~~87670~~86634% 0.00 0.00 0.00 0.00 ALR 50.00 5.~~87670~~86634% 0.00 0.00 0.00 0.00 Totals 354,239,771.00 1,~~172~~133,~~093~~742.6347 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 1-A1 0.00 0.00 5869,~~208~~249.4411 0.00 22,~~593~~535,~~537~~269.4443 2-A1 0.00 0.00 9793,~~991~~807.2501 0.00 3128,~~487~~108,~~514~~117.8067 2-AX 0.00 0.00 6258,~~005~~931.7574 0.00 3128,~~487~~108,~~514~~117.8067 3-A1 0.00 0.00 4038,~~489~~463.4467 0.00 98,~~093~~395,~~479~~385.6816 3-A2 0.00 0.00 ~~226~~214,~~039~~652.2898 0.00 5753,~~705~~275,~~402~~433.0192 3-A3 0.00 0.00 1,~~940~~844.8538 0.00 ~~378~~349,~~618~~552.2219 3-AX 0.00 0.00 7572,~~891~~283.2658 0.00 6661,~~798~~670,~~881~~819.6908 4-A1 0.00 0.00 6662,~~280~~822.3439 0.00 1211,~~144~~185,~~418~~629.2035 4-A2 0.00 0.00 9994,~~398~~252.6064 0.00 2220,~~773~~975,~~063~~154.9689 4-AX 0.00 0.00 2423,~~889~~551.4714 0.00 2220,~~773~~975,~~063~~154.9689 5-A1 0.00 0.00 8473,~~558~~109.7882 0.00 19,~~758~~272,~~194~~603.3218 5-AX 0.00 0.00 2623,~~840~~016.6978 0.00 19,~~758~~272,~~194~~603.3218 6-A1 0.00 0.00 ~~168~~167,~~961~~432.4017 0.00 4241,~~338~~390,~~784~~669.5067 B-1 0.00 0.00 58,~~094~~992.4706 0.00 15,~~718~~713,~~258~~594.5996 B-1X 0.00 0.00 13,~~618~~614.8180 0.00 15,~~718~~713,~~258~~594.5996 B-2 0.00 0.00 10,~~477~~607.4398 0.00 2,~~296~~295,~~463~~781.2184 B-3 0.00 0.00 20,~~145~~396.0507 0.00 4,~~415~~414,~~431~~121.6558 B-4 0.00 0.00 18,~~534~~765.5449 0.00 4,~~062~~061,~~436~~231.4310 B-5 0.00 0.00 9,~~667~~788.6208 0.00 2,118,~~968~~339.4474 B-6 0.00 0.00 8,~~060~~160.1660 0.00 1,766,~~642~~118.3518 AR 0.00 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~172~~133,~~093~~742.6349 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 1-A1 27,935,000.00 23.~~93518~~67800% ~~851~~808.~~88947807~~78959871 2.~~08371004~~47893718 0.00000000 0.00000000 2-A1 50,900,000.00 3.~~54934~~57502% ~~650~~618.~~88347682~~61522200 1.~~92517191~~84296680 0.00000000 0.00000000 2-AX 0.00 2.24591% ~~650~~618.~~88347682~~61522200 1.~~21818762~~15779450 0.00000000 0.00000000 3-A1 13,690,000.00 5.~~08910~~07577% ~~697~~664.~~39495544~~24248941 2.~~95759240~~80961797 0.00000000 0.00000000 3-A2 86,874,000.00 4.~~47710~~46377% ~~697~~664.~~39495511~~24248924 2.~~60192094~~47085400 0.00000000 0.00000000 3-A3 570,000.00 5.~~85894~~84561% ~~697~~664.~~39494737~~24249123 3.~~40500000~~23575439 0.00000000 0.00000000 3-AX 0.00 1.29853% ~~697~~664.~~39495505~~24248926 0.~~75465634~~71878187 0.00000000 0.00000000 4-A1 18,644,000.00 6.~~19706~~20753% ~~688~~651.~~40058678~~38479940 3.~~55504935~~36957681 0.00000000 0.00000000 4-A2 34,961,000.00 4.~~95606~~96653% ~~688~~651.~~40058665~~38479906 2.~~84312806~~69593662 0.00000000 0.00000000 4-AX 0.00 1.24100% ~~688~~651.~~40058665~~38479906 0.~~71192100~~67364034 0.00000000 0.00000000 5-A1 40,417,000.00 4.~~40396~~44027% ~~570~~488.~~07541653~~85850805 21.~~09215875~~80888784 0.00000000 0.00000000 5-AX 0.00 1.39791% ~~570~~488.~~07541653~~85850805 0.~~66409407~~56948264 0.00000000 0.00000000 6-A1 49,784,000.00 4.~~74825~~74550% ~~857~~850.~~71994918~~44963241 3.~~39388960~~36317210 0.00000000 0.00000000 B-1 15,763,000.00 4.~~43388~~50371% 997.~~45494449~~16161835 3.~~68549578~~74243862 0.00000000 0.00000000 B-1X 0.00 1.03941% 997.~~45494449~~16161835 0.~~86397323~~86371884 0.00000000 0.00000000 B-2 2,303,000.00 5.~~47329~~54312% 997.~~45494572~~16161963 4.~~54947026~~60615719 0.00000000 0.00000000 B-3 4,428,000.00 5.~~47329~~54312% 997.~~45494354~~16161924 4.~~54946929~~60615854 0.00000000 0.00000000 B-4 4,074,000.00 5.~~47329~~54312% 997.~~45494354~~16161757 4.~~54946981~~60615857 0.00000000 0.00000000 B-5 2,125,000.00 5.~~47329~~54312% 997.~~45494588~~16161882 4.~~54946824~~60615529 0.00000000 0.00000000 B-6 1,771,671.00 5.~~47329~~54312% 997.~~45496201~~16163441 4.~~54946771~~60615995 0.00000000 0.00000000 AR 50.00 5.~~87670~~86634% 0.00000000 0.00000000 0.00000000 0.00000000 ALR 50.00 5.~~87670~~86634% 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 1-A1 0.00000000 0.00000000 2.~~08371004~~47893718 0.00000000 ~~808~~806.~~78959871~~70375622 2-A1 0.00000000 0.00000000 1.~~92517191~~84296680 0.00000000 ~~618~~552.~~61522200~~22235108 2-AX 0.00000000 0.00000000 1.~~21818762~~15779450 0.00000000 ~~618~~552.~~61522200~~22235108 3-A1 0.00000000 0.00000000 2.~~95759240~~80961797 0.00000000 ~~664~~613.~~24248941~~24946384 3-A2 0.00000000 0.00000000 2.~~60192094~~47085411 0.00000000 ~~664~~613.~~24248924~~24946382 3-A3 0.00000000 0.00000000 3.~~40500000~~23575439 0.00000000 ~~664~~613.~~24249123~~24945614 3-AX 0.00000000 0.00000000 0.~~75465634~~71878187 0.00000000 ~~664~~613.~~24248926~~24946382 4-A1 0.00000000 0.00000000 3.~~55504935~~36957681 0.00000000 ~~651~~599.~~38479940~~95866499 4-A2 0.00000000 0.00000000 2.~~84312806~~69593662 0.00000000 ~~651~~599.~~38479906~~95866508 4-AX 0.00000000 0.00000000 0.~~71192100~~67364034 0.00000000 ~~651~~599.~~38479906~~95866508 5-A1 0.00000000 0.00000000 21.~~09215875~~80888784 0.00000000 ~~488~~476.~~85850805~~84398100 5-AX 0.00000000 0.00000000 0.~~66409407~~56948264 0.00000000 ~~488~~476.~~85850805~~84398100 6-A1 0.00000000 0.00000000 3.~~39388960~~36317230 0.00000000 ~~850~~831.~~44963241~~40506327 B-1 0.00000000 0.00000000 3.~~68549578~~74243862 0.00000000 ~~997~~996.~~16161835~~86575906 B-1X 0.00000000 0.00000000 0.~~86397323~~86371884 0.00000000 ~~997~~996.~~16161835~~86575906 B-2 0.00000000 0.00000000 4.~~54947026~~60615719 0.00000000 ~~997~~996.~~16161963~~86575771 B-3 0.00000000 0.00000000 4.~~54946929~~60615854 0.00000000 ~~997~~996.~~16161924~~86575881 B-4 0.00000000 0.00000000 4.~~54946981~~60615857 0.00000000 ~~997~~996.~~16161757~~86575847 B-5 0.00000000 0.00000000 4.~~54946824~~60615529 0.00000000 ~~997~~996.~~16161882~~86576000 B-6 0.00000000 0.00000000 4.~~54946771~~60615995 0.00000000 ~~997~~996.~~16163441~~86577248 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 3-AX-1 1.29853% 9,~~547~~093,~~336~~479.9468 98,~~093~~395,~~479~~385.6816 0.00 0.00 6661.~~42424894~~32494638% 3-AX-2 1.29853% ~~60,585,489.33~~ 57,705,402.01 53,275,433.92 0.00 0.00 6661.~~42424892~~32494638%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 13,~~043~~958,~~435~~809.4359 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 34,~~057~~917.2662 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,~~077~~993,~~492~~727.6921 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 6865,~~451~~773.6482 Payment of Interest and Principal 13,~~009~~927,~~041~~953.0539 Total Withdrawals (Pool Distribution Amount) 13,~~077~~993,~~492~~727.6921 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 6865,~~451~~773.6482 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 6865,~~451~~773.6482

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 114,000.01 0.00 0.00 114,000.01 30 Days 1915 0 0 0 1915 5,~~645~~364,~~742~~955.2003 0.00 0.00 0.00 5,~~645~~364,~~742~~955.2003 60 Days 23 0 0 0 23 ~~927~~1,~~500~~256,432.0051 0.00 0.00 0.00 ~~927~~1,~~500~~256,432.0051 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 2118 1 0 0 2219 6,~~573~~621,~~242~~387.2054 114,000.01 0.00 0.00 6,~~687~~735,~~242~~387.2155 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.~~121507~~127226% 0.000000% 0.000000% 0.~~121507~~127226% 0.~~045834~~048320% 0.000000% 0.000000% 0.~~045834~~048320% 30 Days 21.~~308627~~908397% 0.000000% 0.000000% 0.000000% 21.~~308627~~908397% 2.~~269897~~274000% 0.000000% 0.000000% 0.000000% 2.~~269897~~274000% 60 Days 0.~~243013~~381679% 0.000000% 0.000000% 0.000000% 0.~~243013~~381679% 0.~~372906~~532554% 0.000000% 0.000000% 0.000000% 0.~~372906~~532554% 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 2.~~551640~~290076% 0.~~121507~~127226% 0.000000% 0.000000% 2.~~673147~~417303% 2.~~642802~~806554% 0.~~045834~~048320% 0.000000% 0.000000% 2.~~688637~~854874%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 114,000.01 0.00 0.00 114,000.01 30 Days 2 0 0 0 2 ~~371~~300,~~414~~965.8389 0.00 0.00 0.00 ~~371~~300,~~414~~965.8389 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 2 1 0 0 3 ~~371~~300,~~414~~965.8389 114,000.01 0.00 0.00 ~~485,~~414,965.8490 0-29 Days 0.~~925926~~934579% 0.000000% 0.000000% 0.~~925926~~934579% 0.~~451983~~453029% 0.000000% 0.000000% 0.~~451983~~453029% 30 Days 1.~~851852~~869159% 0.000000% 0.000000% 0.000000% 1.~~851852~~869159% 1.~~472571~~196021% 0.000000% 0.000000% 0.000000% 1.~~472571~~196021% 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 1.~~851852~~869159% 0.~~925926~~934579% 0.000000% 0.000000% 2.~~777778~~803738% 1.~~472571~~196021% 0.~~451983~~453029% 0.000000% 0.000000% 1.~~924553~~649050% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 43 0 0 0 43 1,~~667~~329,~~632~~687.1089 0.00 0.00 0.00 1,~~667~~329,~~632~~687.1089 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 43 0 0 0 43 1,~~667~~329,~~632~~687.1089 0.00 0.00 0.00 1,~~667~~329,~~632~~687.1089 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 54.~~194805~~285714% 0.000000% 0.000000% 0.000000% 54.~~194805~~285714% 4.~~597468~~042398% 0.000000% 0.000000% 0.000000% 4.~~597468~~042398% 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 54.~~194805~~285714% 0.000000% 0.000000% 0.000000% 54.~~194805~~285714% 4.~~597468~~042398% 0.000000% 0.000000% 0.000000% 4.~~597468~~042398% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 51 0 0 0 5 1 571,~~854,698~~427.4114 0.00 0.00 0.00 1571,~~854,698~~427.4114 60 Days 2 0 0 0 2 ~~927~~1,~~500~~094,000.00 0.00 0.00 0.00 ~~927~~1,~~500~~094,000.00 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 73 0 0 0 73 21,~~782~~665,~~198~~427.4114 0.00 0.00 0.00 21,~~782~~665,~~198~~427.4114 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 20.~~304147~~485437% 0.000000% 0.000000% 0.000000% 20.~~304147~~485437% 20.~~418515~~798916% 0.000000% 0.000000% 0.000000% 20.~~418515~~798916% 60 Days 0.~~921659~~970874% 0.000000% 0.000000% 0.000000% 0.~~921659~~970874% 1.~~209454~~529528% 0.000000% 0.000000% 0.000000% 1.~~209454~~529528% 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 31.~~225806~~456311% 0.000000% 0.000000% 0.000000% 31.~~225806~~456311% 32.~~627968~~328444% 0.000000% 0.000000% 0.000000% 32.~~627968~~328444% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 5 0 0 0 5 ~~822~~729,~~533~~650.7682 0.00 0.00 0.00 ~~822~~729,~~533~~650.7682 60 Days 01 0 0 0 01 0162,432.0051 0.00 0.00 0.00 0162,432.0051 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 56 0 0 0 56 ~~822~~892,~~533~~083.7633 0.00 0.00 0.00 ~~822~~892,~~533~~083.7633 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.~~040816~~173913% 0.000000% 0.000000% 0.000000% 2.~~040816~~173913% 21.~~059210~~962462% 0.000000% 0.000000% 0.000000% 21.~~059210~~962462% 60 Days 0.~~000000~~434783% 0.000000% 0.000000% 0.000000% 0.~~000000~~434783% 0.~~000000~~436877% 0.000000% 0.000000% 0.000000% 0.~~000000~~436877% 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 2.~~040816~~608696% 0.000000% 0.000000% 0.000000% 2.~~040816~~608696% 2.~~059210~~399339% 0.000000% 0.000000% 0.000000% 2.~~059210~~399339% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 34 0 0 0 34 ~~929~~2,~~463~~433,223.1029 0.00 0.00 0.00 ~~929~~2,~~463~~433,223.1029 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 34 0 0 0 34 ~~929~~2,~~463~~433,223.1029 0.00 0.00 0.00 ~~929~~2,~~463~~433,223.1029 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 57.~~660377~~692308% 0.000000% 0.000000% 0.000000% 57.~~660377~~692308% 310.~~945261~~545641% 0.000000% 0.000000% 0.000000% 310.~~945261~~545641% 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 57.~~660377~~692308% 0.000000% 0.000000% 0.000000% 57.~~660377~~692308% 310.~~945261~~545641% 0.000000% 0.000000% 0.000000% 310.~~945261~~545641% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 6 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 34,~~057~~917.2662

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.04234420% 150,000.00 0.~~06032546~~06359786% Fraud 10,627,193.00 2.99999996% 10,627,193.00 4.~~27393570~~50577802% Special Hazard 3,542,398.00 1.00000008% 3,542,398.00 1.~~42464537~~50192615% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~714864~~788910% Weighted Average Net Coupon 5.~~399525~~471483% Weighted Average Pass-Through Rate 5.~~399525~~471483% Weighted Average Maturity(Stepdown Calculation ) ~~349~~348 Beginning Scheduled Collateral Loan Count ~~855~~823 Number Of Loans Paid In Full 3237 Ending Scheduled Collateral Loan Count ~~823~~786 Beginning Scheduled Collateral Balance ~~260~~248,~~488~~651,~~161~~214.4808 Ending Scheduled Collateral Balance ~~248~~235,~~651~~857,~~214~~003.0817 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~248~~235,~~722~~925,~~420~~933.7002 Monthly P &I Constant 1,~~315~~271,~~071~~283.0344 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 ~~248~~235,~~651~~857,~~214~~003.0817 Scheduled Principal 7471,~~525~~767.7815 Unscheduled Principal 1112,~~762~~722,~~421~~443.6276

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 34.~~310184~~052995 6.~~050183~~076081 6.~~129976~~117399 Weighted Average Net Rate 23.~~935184~~677995 5.~~795248~~820926 5.~~858939~~845610 Weighted Average Maturity ~~349~~348 ~~350~~ 349 348 Beginning Loan Count ~~112~~108 7977 ~~226~~217 Loans Paid In Full 41 27 911 Ending Loan Count ~~108~~107 7770 ~~217~~206 Beginning Scheduled Balance 2625,~~426~~222,~~199~~204.8471 3736,~~912~~268,~~128~~846.3496 8076,~~021~~665,~~112~~238.7357 Ending scheduled Balance 25,~~222~~163,~~204~~936.7166 3632,~~268~~888,~~846~~673.96 7671,~~665~~505,~~238~~000.5759 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 7285,~~896~~188.3126 ~~197~~189,~~704~~529.06 ~~434~~415,~~342~~951.8644 Scheduled Principal 0.0036 65,~~557~~885.9736 25,~~569~~124.9492 Unscheduled Principal 158,~~203,995~~267.1369 13,~~636~~374,~~723~~287.4164 35,~~330~~135,~~304~~113.2206 Scheduled Interest 7285,~~896~~187.3190 ~~191~~183,~~146~~643.0970 ~~408~~390,~~772~~826.9252 Servicing Fees 87,~~258~~881.1894 87,~~054~~711.2780 1817,~~073~~363.8892 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 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 6477,~~638~~305.1396 ~~183~~175,~~091~~931.8290 ~~390~~373,~~699~~462.0460 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 23.~~935184~~677995 5.~~795248~~820926 5.~~858939~~845611

Group Level Collateral Statement Group Group 4 Group 5 Group 6 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~447059~~457533 6.~~051870~~088181 5.~~248249~~245498 Weighted Average Net Rate 6.~~197059~~207533 5.~~801870~~838182 4.~~748249~~745498 Weighted Average Maturity 348 349 ~~350~~347 ~~348~~ Beginning Loan Count ~~255~~245 5953 ~~124~~123 Loans Paid In Full 1015 6 1 2 Ending Loan Count ~~245~~230 5352 ~~123~~121 Beginning Scheduled Balance 4139,~~902~~913,~~398~~197.5067 2623,~~841~~558,~~611~~962.7032 47,~~384~~022,~~710~~763.3785 Ending scheduled Balance 3937,~~913~~151,~~197~~494.6712 23,~~558~~073,~~962~~250.3228 4746,~~022~~074,~~763~~647.8556 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~266~~254,~~764~~776.1437 ~~136~~120,~~113~~275.9044 ~~207~~205,~~249~~562.7687 Scheduled Principal 4139,~~641~~992.4539 ~~745~~749.6141 1014.8171 Unscheduled Principal 12,~~947~~721,~~559~~711.3816 3484,~~281,903~~962.7763 ~~361~~948,~~935~~101.7158 Scheduled Interest ~~225~~214,~~122~~783.6998 ~~135~~119,~~368~~526.2903 ~~207~~205,~~238~~548.9516 Servicing Fees 8,~~729~~315.6724 54,~~592~~908.0111 19,~~743~~592.6381 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 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 ~~216~~206,~~393~~468.0274 ~~129~~114,~~776~~617.2892 ~~187~~185,~~495~~955.3235 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 6.~~197059~~207533 5.~~801870~~838181 4.~~748249~~745498

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.~~714864~~788910 Weighted Average Net Rate 5.~~399525~~471483 Weighted Average Maturity ~~349~~348.00 Record Date 1011/3130/2004 Principal And Interest Constant 1,~~315~~271,~~071~~283.0344 Beginning Loan Count ~~855~~823 Loans Paid In Full 3237 Ending Loan Count ~~823~~786 Beginning Scheduled Balance ~~260~~248,~~488~~651,~~161~~214.4808 Ending Scheduled Balance ~~248~~235,~~651~~857,~~214~~003.0817 Scheduled Principal 7471,~~525~~767.7815 Unscheduled Principal 1112,~~762~~722,~~421~~443.6276 Scheduled Interest 1,~~240~~199,~~545~~516.2529 Servicing Fee 6865,~~451~~773.6482 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 1,~~172~~133,~~093~~742.6147 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.~~399525~~471483

Miscellaneous Reporting Group Group 1 Senior % 9089.~~052799~~577964% Senior Prepayment % 100.000000% Subordinate % 910.~~947201~~422036% Group Group 2 Senior % 8786.~~386202~~816972% Senior Prepayment % 100.000000% Subordinate % 1213.~~613798~~183028% Group Group 3 Senior % 8887.~~139666~~624458% Senior Prepayment % 100.000000% Subordinate % 1112.~~860334~~375542%

Miscellaneous Reporting Group Group 4 Senior % 8887.~~065874~~483550% Senior Prepayment % 100.000000% Subordinate % 1112.~~934126~~516450% Group Group 5 Senior % 8583.~~839622~~866997% Senior Prepayment % 100.000000% Subordinate % 1416.~~160378~~133003% Group Group 6 Senior % 90.~~114996~~038911% Senior Prepayment % 100.000000% Subordinate % 9.~~885004~~961089%

Filing Compare · MASTR ADJUSTABLE RATE MORTGAGES TRUST 2004-1