8-K 1 ms0401_8k0505.txt 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): May 15, 2005 (null) (Depositor) (Issuer in respect of Mid-State Capital Corporation, 2004-1 Trust) (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 Not Applicable (Former name, former address and former fiscal year, 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. []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)) Section 8 - Other Events Item 8.01 Other Events Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits SIGNATURES 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 thereunto duly authorized. Dated: May 15, 2005 (null) By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Assistant Treasurer The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated May 15, 2005 Payment Date: 05/15/05 ------------------------------------------------------------ Mid-State Capital Corporation, 2004-1 Trust ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior A ~~160~~158,~~710~~033,~~123~~356.9857 6.005000% 2,~~676~~202,~~767~~356.4124 ~~804~~790,~~220~~825.2526 32,~~480~~993,~~987~~181.6549 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate M1 4342,~~047~~330,~~784~~786.5108 6.497000% ~~716~~589,~~998~~922.4374 ~~233~~229,~~067~~185.8893 ~~950~~819,~~066~~108.3167 0.00 0.00 M2 30,~~850~~336,~~823~~975.0768 8.114000% ~~513~~422,~~847~~776.3974 ~~208~~205,~~602~~128.9852 ~~722~~627,~~450~~905.3726 0.00 0.00 B 27,~~980~~514,~~792~~747.4593 8.900000% ~~466~~383,~~044~~446.5212 ~~207~~204,~~524~~067.2171 ~~673~~587,~~568~~513.7383 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~262~~258,~~589~~215,~~524~~866.0126 - 43,~~373~~598,~~657~~501.7583 1,~~453~~429,~~415~~207.3242 5,~~827~~027,~~073~~709.0725 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior A ~~158~~155,~~033~~831,~~356~~000.5733 0.00 -------------------------------------------------------------------------------- Subordinate M1 4241,~~330~~740,~~786~~863.0834 0.00 M2 3029,~~336~~914,~~975~~198.6894 0.00 B 27,~~514~~131,~~747~~301.9381 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~258~~254,~~215~~617,~~866~~364.2643 - --------------------------------------------------------------------------------

Payment Date: 05/15/05 ------------------------------------------------------------ (null) Mid-State Capital Corporation, 2004-1 Trust ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior A ~~160~~158,~~710~~033,~~123~~356.9857 6.005000% 59560UAA9 1412.~~850222~~218275 4.~~461669~~387356 ~~876~~864.~~740526~~522251 ------------------------------------------------------------------------------------------------------------------------ Subordinate M1 4342,~~047~~330,~~784~~786.5108 6.497000% 59560UAB7 1412.~~850222~~218275 4.~~827221~~746819 ~~876~~864.~~740526~~522251 M2 30,~~850~~336,~~823~~975.0768 8.114000% 59560UAC5 1412.~~850222~~218275 65.~~028639~~928227 ~~876~~864.~~740526~~522251 B 27,~~980~~514,~~792~~747.4593 8.900000% 59560UAD3 1412.~~850222~~218275 6.~~612631~~502492 ~~876~~864.~~740526~~522251 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~262~~258,~~589~~215,~~524~~866.0126 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) Mid-State Capital Corporation, 2004-1 Trust ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 286,332,857.84 286,332,857.84 Loan count 0 0 Avg loan rate 0.000000% 0.00 Prepay amount 0.00 0.00 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 0.00 0.00 Sub servicer fees 0.00 0.00 Trustee fees 0.00 0.00 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 2,095.14 2,095.14 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 0.00 0.00 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 61.534744% 100.000000% 158,033,356.57 ----------------------------------------------------------------------------- Junior 38.465256% 0.000000% 98,786,364.10 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 55 3,610,587.80 60 to 89 days 12 842,267.75 90 or more 55 3,610,709.48 Foreclosure 32 2,166,072.84 Totals: 154 10,229,637.87 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 2,248,467.09 Current Total Outstanding Number of Loans: 35 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 5,027,709.25 5,027,709.25 Principal remittance amount 3,598,501.83 3,598,501.83 Interest remittance amount 1,429,207.42 1,429,207.42

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