8-K 1 ba764854-8k.txt CURRENT REPORT 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: February 26, 2004 (Date of earliest event reported) Commission File No. 333-105940 Banc of America Mortgage Securities, Inc. -------------------------------------------------------------------------------- Delaware 36-4514369 -------------------------------------------------------------------------------- (State of Incorporation) (I.R.S. Employer Identification No.) 201 North Tryon Street, Charlotte, North Carolina 28255 -------------------------------------------------------------------------------- Address of principal executive offices (Zip Code) (704) 387-8239 -------------------------------------------------------------------------------- Registrant's Telephone Number, including area code -------------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events ------------ On February 26, 2004, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Banc of America Alternative Loan Trust 2004-2 Mortgage Pass-Through Certificates, Series 2004-2, Class 1-A-1, Class 1-A-R, Class 1-A-MR, Class 1-A-LR, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class CB-IO, Class 3-A-1, Class 3-IO, Class 4-A-1, Class 5-A-1, Class 15-IO, Class PO, Class 30-B-IO, Class 30-B-1, Class 30-B-2, Class 30-B-3, Class 15-B-1, Class 15-B-2 and Class 15-B-3 (the "Offered Certificates"), having an aggregate original principal balance of $294,515,280.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated February 26, 2004, among the Registrant, Bank of America, N.A., as servicer ("BANA") and Wells Fargo Bank, National Association, as trustee (the "Agreement"), a copy of which is filed as an exhibit hereto. Mortgage Pass-Through Certificates, Series 2004-2, Class SES, Class 30-B-4, Class 30-B-5 Class 30-B-6, Class 15-B-4, Class 15-B-5 and Class 15-B-6 Certificates, having an aggregate initial principal balance of $3,087,407.00 (the "Private Certificates" and, together with the Offered Certificates, the "Certificates"), were also issued pursuant to the Agreement. As of the date of initial issuance, the Offered Certificates evidenced an approximate 98.96% undivided interest in a trust (the "Trust"), consisting principally of five pools of fixed interest rate, conventional, monthly pay, fully-amortizing, one- to four-family residential first mortgage loans. The remaining undivided interests in the Trust are evidenced by the Private Certificates distributions on which are subordinated to distributions on the Offered Certificates. Interest on the Offered Certificates will be distributed on each Distribution Date (as defined in the Agreement). Monthly distributions in reduction of the principal balance of the Offered Certificates will be allocated to the Offered Certificates in accordance with the priorities set forth in the Agreement. Distributions of interest and in reduction of principal balance on any Distribution Date will be made to the extent that the related Pool Distribution Amount is sufficient therefor. Elections will be made to treat the Trust as two separate REMICs for federal income tax purposes (the "Upper-Tier REMIC," the "Middle-Tier REMIC" and the "Lower-Tier REMIC" and each a "REMIC"). The Class 1-A-1, Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class 2-A-5, Class 2-A-6, Class 2-A-7, Class 3-A-1, Class 3-IO, Class 4-A-1, Class 5-A-1, Class 30-B-IO, Class 30-B-1, Class 30-B-2, Class 30-B-3, Class 30-B-4, Class 30-B-5, Class 30-B-6, Class 15-B-1, Class 15-B-2, Class 15-B-3, Class 15-B-4, Class 15-B-5 and Class 15-B-6 Certificates and each Class IO, Class PO and Class SES Component will be treated as "regular interests" in the REMIC and the Class 1-A-R, Class 1-A-MR and Class 1-A-LR Certificates will be treated as the "residual interest" in the Upper-Tier REMIC, the Middle-Tier REMIC and the Lower-Tier REMIC, respectively. ITEM 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits Item 601(a) of Regulation S-K Exhibit No. Description ----------- ----------- (EX-4) Pooling and Servicing Agreement, dated February 26, 2004, among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, National Association, as trustee. 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. BANC OF AMERICA MORTGAGE SECURITIES, INC. February 26, 2004 By: /s/ Judy Lowman -------------------------------------- Name: Judy Lowman Title: Vice President INDEX TO EXHIBITS ----------------- Paper (P) or Exhibit No. Description Electronic (E) ----------- ----------- -------------- (EX-4) Pooling and Servicing Agreement, E dated February 26, 2004 among Banc of America Mortgage Securities, Inc., Bank of America, N.A. and Wells Fargo Bank, National Association, as trustee.

Banc of America Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 2/29/2004 Distribution Date: 3/25/2004 BAA Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution 1A1 05948KLW7 SEQ 6.00000% 117,132,000.00 585,660.18 414,575.63 1AR 05948KLX5 SEQ 6.00000% 50.00 0.25 50.00 1AMR 05948KLY3 SEQ 6.00000% 25.00 0.13 25.00 1ALR 05948KLZ0 SEQ 6.00000% 25.00 0.13 25.00 2A1 05948KMA4 SEQ 5.00000% 26,400,000.00 110,000.03 147,519.08 2A2 05948KMB2 SEQ 5.25000% 14,114,000.00 61,748.77 0.00 2A3 05948KMC0 SEQ 6.00000% 2,211,000.00 11,055.00 0.00 2A4 05948KMD8 SEQ 1.49125% 13,200,000.00 16,403.76 73,759.54 2A5 05948KME6 IO 6.50875% 0.00 71,596.27 0.00 2A6 05948KMF3 IO 0.75000% 0.00 8,821.25 0.00 2A7 05948KMG1 SEQ 6.00000% 3,130,000.00 15,650.00 0.00 CBIO 05948KMH9 IO 0.25787% 0.00 13,819.46 0.00 3A1 05948KMJ5 SEQ 6.00000% 29,837,000.00 149,185.05 28,884.76 3IO 05948KMK2 IO 0.24756% 0.00 2,059.45 0.00 4A1 05948KML0 SEQ 4.75000% 36,738,000.00 145,421.33 605,381.44 5A1 05948KMM8 SEQ 5.50000% 35,655,000.00 163,418.84 213,847.69 15IO 05948KMN6 IO 0.33213% 0.00 13,336.92 0.00 PO 05948KMP1 PO 0.00000% 6,537,180.00 0.00 9,691.63 15B1 05948KMU0 SUB 5.11956% 1,043,000.00 4,449.75 3,893.53 15B2 05948KMV8 SUB 5.11956% 149,000.00 635.68 556.22 15B3 05948KMW6 SUB 5.11956% 224,000.00 955.65 836.19 15B4 05948KNB1 SUB 5.11956% 111,000.00 473.56 414.36 15B5 05948KNC9 SUB 5.11956% 75,000.00 319.97 279.98 15B6 05948KND7 SUB 5.11956% 112,209.00 478.72 418.88 30B1 05948KMR7 SUB 5.50000% 4,798,000.00 21,990.84 4,817.57 30B2 05948KMS5 SUB 5.50000% 2,120,000.00 9,716.67 2,128.65 30B3 05948KMT3 SUB 5.50000% 1,227,000.00 5,623.75 1,232.00 30B4 05948KMY2 SUB 6.00000% 1,115,000.00 5,575.00 1,119.55 30B5 05948KMZ9 SUB 6.00000% 670,000.00 3,350.00 672.73 30B6 05948KNA3 SUB 6.00000% 1,004,198.00 5,020.99 1,008.29 30BIO 05948KMQ9 IO 0.50000% 0.00 3,393.75 0.00 SES 05948KMX4 IO 0.00000% 0.00 52,910.47 0.00 Totals 297,602,687.00 1,483,071.62 1,511,137.72

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1A1 0.00 116,717,424.37 1,000,235.81 0.00 1AR 0.00 0.00 50.25 0.00 1AMR 0.00 0.00 25.13 0.00 1ALR 0.00 0.00 25.13 0.00 2A1 0.00 26,252,480.92 257,519.11 0.00 2A2 0.00 14,114,000.00 61,748.77 0.00 2A3 0.00 2,211,000.00 11,055.00 0.00 2A4 0.00 13,126,240.46 90,163.30 0.00 2A5 0.00 0.00 71,596.27 0.00 2A6 0.00 0.00 8,821.25 0.00 2A7 0.00 3,130,000.00 15,650.00 0.00 CBIO 0.00 0.00 13,819.46 0.00 3A1 0.00 29,808,115.24 178,069.81 0.00 3IO 0.00 0.00 2,059.45 0.00 4A1 0.00 36,132,618.56 750,802.77 0.00 5A1 0.00 35,441,152.31 377,266.53 0.00 15IO 0.00 0.00 13,336.92 0.00 PO 0.00 6,527,488.37 9,691.63 0.00 15B1 0.00 1,039,106.47 8,343.28 0.00 15B2 0.00 148,443.78 1,191.90 0.00 15B3 0.00 223,163.81 1,791.84 0.00 15B4 0.00 110,585.64 887.92 0.00 15B5 0.00 74,720.02 599.95 0.00 15B6 0.00 111,790.12 897.60 0.00 30B1 0.00 4,793,182.43 26,808.41 0.00 30B2 0.00 2,117,871.35 11,845.32 0.00 30B3 0.00 1,225,768.00 6,855.75 0.00 30B4 0.00 1,113,880.45 6,694.55 0.00 30B5 0.00 669,327.27 4,022.73 0.00 30B6 0.00 1,003,189.71 6,029.28 0.00 30BIO 0.00 0.00 3,393.75 0.00 SES 0.00 0.00 52,910.47 0.00 Totals 0.00 296,091,549.28 2,994,209.34 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) 1A1 117,132,000.00 117,132,000.00 120,314.02 294,261.61 0.00 0.00 1AR 50.00 50.00 14.51 35.49 0.00 0.00 1AMR 25.00 25.00 7.26 17.74 0.00 0.00 1ALR 25.00 25.00 7.26 17.74 0.00 0.00 2A1 26,400,000.00 26,400,000.00 38,477.69 109,041.39 0.00 0.00 2A2 14,114,000.00 14,114,000.00 0.00 0.00 0.00 0.00 2A3 2,211,000.00 2,211,000.00 0.00 0.00 0.00 0.00 2A4 13,200,000.00 13,200,000.00 19,238.85 54,520.69 0.00 0.00 2A5 0.00 0.00 0.00 0.00 0.00 0.00 2A6 0.00 0.00 0.00 0.00 0.00 0.00 2A7 3,130,000.00 3,130,000.00 0.00 0.00 0.00 0.00 CBIO 0.00 0.00 0.00 0.00 0.00 0.00 3A1 29,837,000.00 29,837,000.00 28,829.46 55.30 0.00 0.00 3IO 0.00 0.00 0.00 0.00 0.00 0.00 4A1 36,738,000.00 36,738,000.00 139,237.85 466,143.60 0.00 0.00 5A1 35,655,000.00 35,655,000.00 131,007.97 82,839.72 0.00 0.00 15IO 0.00 0.00 0.00 0.00 0.00 0.00 PO 6,537,180.00 6,537,180.00 8,194.21 1,497.42 0.00 0.00 15B1 1,043,000.00 1,043,000.00 3,893.53 0.00 0.00 0.00 15B2 149,000.00 149,000.00 556.22 0.00 0.00 0.00 15B3 224,000.00 224,000.00 836.19 0.00 0.00 0.00 15B4 111,000.00 111,000.00 414.36 0.00 0.00 0.00 15B5 75,000.00 75,000.00 279.98 0.00 0.00 0.00 15B6 112,209.00 112,209.00 418.88 0.00 0.00 0.00 30B1 4,798,000.00 4,798,000.00 4,817.57 0.00 0.00 0.00 30B2 2,120,000.00 2,120,000.00 2,128.65 0.00 0.00 0.00 30B3 1,227,000.00 1,227,000.00 1,232.00 0.00 0.00 0.00 30B4 1,115,000.00 1,115,000.00 1,119.55 0.00 0.00 0.00 30B5 670,000.00 670,000.00 672.73 0.00 0.00 0.00 30B6 1,004,198.00 1,004,198.00 1,008.29 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 297,602,687.00 297,602,687.00 502,707.03 1,008,430.70 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 1A1 414,575.63 116,717,424.37 0.99646061 414,575.63 1AR 50.00 0.00 0.00000000 50.00 1AMR 25.00 0.00 0.00000000 25.00 1ALR 25.00 0.00 0.00000000 25.00 2A1 147,519.08 26,252,480.92 0.99441216 147,519.08 2A2 0.00 14,114,000.00 1.00000000 0.00 2A3 0.00 2,211,000.00 1.00000000 0.00 2A4 73,759.54 13,126,240.46 0.99441216 73,759.54 2A5 0.00 0.00 0.00000000 0.00 2A6 0.00 0.00 0.00000000 0.00 2A7 0.00 3,130,000.00 1.00000000 0.00 CBIO 0.00 0.00 0.00000000 0.00 3A1 28,884.76 29,808,115.24 0.99903191 28,884.76 3IO 0.00 0.00 0.00000000 0.00 4A1 605,381.44 36,132,618.56 0.98352165 605,381.44 5A1 213,847.69 35,441,152.31 0.99400231 213,847.69 15IO 0.00 0.00 0.00000000 0.00 PO 9,691.63 6,527,488.37 0.99851746 9,691.63 15B1 3,893.53 1,039,106.47 0.99626699 3,893.53 15B2 556.22 148,443.78 0.99626698 556.22 15B3 836.19 223,163.81 0.99626701 836.19 15B4 414.36 110,585.64 0.99626703 414.36 15B5 279.98 74,720.02 0.99626693 279.98 15B6 418.88 111,790.12 0.99626697 418.88 30B1 4,817.57 4,793,182.43 0.99899592 4,817.57 30B2 2,128.65 2,117,871.35 0.99899592 2,128.65 30B3 1,232.00 1,225,768.00 0.99899593 1,232.00 30B4 1,119.55 1,113,880.45 0.99899592 1,119.55 30B5 672.73 669,327.27 0.99899593 672.73 30B6 1,008.29 1,003,189.71 0.99899593 1,008.29 SES 0.00 0.00 0.00000000 0.00 Totals 1,511,137.72 296,091,549.28 0.99492230 1,511,137.72

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1A1 117,132,000.00 1000.00000000 1.02716610 2.51222219 0.00000000 1AR 50.00 1000.00000000 290.20000000 709.80000000 0.00000000 1AMR 25.00 1000.00000000 290.40000000 709.60000000 0.00000000 1ALR 25.00 1000.00000000 290.40000000 709.60000000 0.00000000 2A1 26,400,000.00 1000.00000000 1.45748826 4.13035568 0.00000000 2A2 14,114,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A3 2,211,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2A4 13,200,000.00 1000.00000000 1.45748864 4.13035530 0.00000000 2A5 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2A6 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2A7 3,130,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CBIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3A1 29,837,000.00 1000.00000000 0.96623186 0.00185340 0.00000000 3IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4A1 36,738,000.00 1000.00000000 3.79002259 12.68832272 0.00000000 5A1 35,655,000.00 1000.00000000 3.67432254 2.32336895 0.00000000 15IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 6,537,180.00 1000.00000000 1.25347780 0.22906207 0.00000000 15B1 1,043,000.00 1000.00000000 3.73301055 0.00000000 0.00000000 15B2 149,000.00 1000.00000000 3.73302013 0.00000000 0.00000000 15B3 224,000.00 1000.00000000 3.73299107 0.00000000 0.00000000 15B4 111,000.00 1000.00000000 3.73297297 0.00000000 0.00000000 15B5 75,000.00 1000.00000000 3.73306667 0.00000000 0.00000000 15B6 112,209.00 1000.00000000 3.73303389 0.00000000 0.00000000 30B1 4,798,000.00 1000.00000000 1.00407878 0.00000000 0.00000000 30B2 2,120,000.00 1000.00000000 1.00408019 0.00000000 0.00000000 30B3 1,227,000.00 1000.00000000 1.00407498 0.00000000 0.00000000 30B4 1,115,000.00 1000.00000000 1.00408072 0.00000000 0.00000000 30B5 670,000.00 1000.00000000 1.00407463 0.00000000 0.00000000 30B6 1,004,198.00 1000.00000000 1.00407489 0.00000000 0.00000000 30BIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 SES 0.00 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 1A1 0.00000000 3.53938830 996.46061170 0.99646061 3.53938830 1AR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1AMR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1ALR 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 2A1 0.00000000 5.58784394 994.41215606 0.99441216 5.58784394 2A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2A4 0.00000000 5.58784394 994.41215606 0.99441216 5.58784394 2A5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2A7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CBIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3A1 0.00000000 0.96808526 999.03191474 0.99903191 0.96808526 3IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4A1 0.00000000 16.47834504 983.52165496 0.98352165 16.47834504 5A1 0.00000000 5.99769149 994.00230851 0.99400231 5.99769149 15IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO 0.00000000 1.48253987 998.51746013 0.99851746 1.48253987 15B1 0.00000000 3.73301055 996.26698945 0.99626699 3.73301055 15B2 0.00000000 3.73302013 996.26697987 0.99626698 3.73302013 15B3 0.00000000 3.73299107 996.26700893 0.99626701 3.73299107 15B4 0.00000000 3.73297297 996.26702703 0.99626703 3.73297297 15B5 0.00000000 3.73306667 996.26693333 0.99626693 3.73306667 15B6 0.00000000 3.73303389 996.26696611 0.99626697 3.73303389 30B1 0.00000000 1.00407878 998.99592122 0.99899592 1.00407878 30B2 0.00000000 1.00408019 998.99591981 0.99899592 1.00408019 30B3 0.00000000 1.00407498 998.99592502 0.99899593 1.00407498 30B4 0.00000000 1.00408072 998.99591928 0.99899592 1.00408072 30B5 0.00000000 1.00407463 998.99592537 0.99899593 1.00407463 30B6 0.00000000 1.00407489 998.99592511 0.99899593 1.00407489 30BIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 SES 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 1A1 117,132,000.00 6.00000% 117,132,000.00 585,660.00 0.00 0.00 1AR 50.00 6.00000% 50.00 0.25 0.00 0.00 1AMR 25.00 6.00000% 25.00 0.13 0.00 0.00 1ALR 25.00 6.00000% 25.00 0.13 0.00 0.00 2A1 26,400,000.00 5.00000% 26,400,000.00 110,000.00 0.00 0.00 2A2 14,114,000.00 5.25000% 14,114,000.00 61,748.75 0.00 0.00 2A3 2,211,000.00 6.00000% 2,211,000.00 11,055.00 0.00 0.00 2A4 13,200,000.00 1.49125% 13,200,000.00 16,403.75 0.00 0.00 2A5 0.00 6.50875% 13,200,000.00 71,596.25 0.00 0.00 2A6 0.00 0.75000% 14,114,000.00 8,821.25 0.00 0.00 2A7 3,130,000.00 6.00000% 3,130,000.00 15,650.00 0.00 0.00 CBIO 0.00 0.25787% 64,308,844.38 13,819.45 0.00 0.00 3A1 29,837,000.00 6.00000% 29,837,000.00 149,185.00 0.00 0.00 3IO 0.00 0.24756% 9,982,706.00 2,059.45 0.00 0.00 4A1 36,738,000.00 4.75000% 36,738,000.00 145,421.25 0.00 0.00 5A1 35,655,000.00 5.50000% 35,655,000.00 163,418.75 0.00 0.00 15IO 0.00 0.33213% 48,187,277.71 13,336.91 0.00 0.00 PO 6,537,180.00 0.00000% 6,537,180.00 0.00 0.00 0.00 15B1 1,043,000.00 5.11956% 1,043,000.00 4,449.75 0.00 0.00 15B2 149,000.00 5.11956% 149,000.00 635.68 0.00 0.00 15B3 224,000.00 5.11956% 224,000.00 955.65 0.00 0.00 15B4 111,000.00 5.11956% 111,000.00 473.56 0.00 0.00 15B5 75,000.00 5.11956% 75,000.00 319.97 0.00 0.00 15B6 112,209.00 5.11956% 112,209.00 478.72 0.00 0.00 30B1 4,798,000.00 5.50000% 4,798,000.00 21,990.83 0.00 0.00 30B2 2,120,000.00 5.50000% 2,120,000.00 9,716.67 0.00 0.00 30B3 1,227,000.00 5.50000% 1,227,000.00 5,623.75 0.00 0.00 30B4 1,115,000.00 6.00000% 1,115,000.00 5,575.00 0.00 0.00 30B5 670,000.00 6.00000% 670,000.00 3,350.00 0.00 0.00 30B6 1,004,198.00 6.00000% 1,004,198.00 5,020.99 0.00 0.00 30BIO 0.00 0.50000% 8,145,000.00 3,393.75 0.00 0.00 SES 0.00 0.00000% 297,602,688.07 0.00 0.00 0.00 Totals 297,602,687.00 1,430,160.64 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 1A1 (0.18) 0.00 585,660.18 0.00 116,717,424.37 1AR 0.00 0.00 0.25 0.00 0.00 1AMR 0.00 0.00 0.13 0.00 0.00 1ALR 0.00 0.00 0.13 0.00 0.00 2A1 (0.03) 0.00 110,000.03 0.00 26,252,480.92 2A2 (0.02) 0.00 61,748.77 0.00 14,114,000.00 2A3 0.00 0.00 11,055.00 0.00 2,211,000.00 2A4 (0.01) 0.00 16,403.76 0.00 13,126,240.46 2A5 (0.02) 0.00 71,596.27 0.00 13,126,240.46 2A6 0.00 0.00 8,821.25 0.00 14,114,000.00 2A7 0.00 0.00 15,650.00 0.00 3,130,000.00 CBIO 0.00 0.00 13,819.46 0.00 63,810,911.55 3A1 (0.05) 0.00 149,185.05 0.00 29,808,115.24 3IO 0.00 0.00 2,059.45 0.00 9,973,603.77 4A1 (0.08) 0.00 145,421.33 0.00 36,132,618.56 5A1 (0.09) 0.00 163,418.84 0.00 35,441,152.31 15IO (0.01) 0.00 13,336.92 0.00 47,465,483.07 PO 0.00 0.00 0.00 0.00 6,527,488.37 15B1 0.00 0.00 4,449.75 0.00 1,039,106.47 15B2 0.00 0.00 635.68 0.00 148,443.78 15B3 0.00 0.00 955.65 0.00 223,163.81 15B4 0.00 0.00 473.56 0.00 110,585.64 15B5 0.00 0.00 319.97 0.00 74,720.02 15B6 0.00 0.00 478.72 0.00 111,790.12 30B1 (0.01) 0.00 21,990.84 0.00 4,793,182.43 30B2 0.00 0.00 9,716.67 0.00 2,117,871.35 30B3 0.00 0.00 5,623.75 0.00 1,225,768.00 30B4 0.00 0.00 5,575.00 0.00 1,113,880.45 30B5 0.00 0.00 3,350.00 0.00 669,327.27 30B6 0.00 0.00 5,020.99 0.00 1,003,189.71 30BIO 0.00 0.00 3,393.75 0.00 8,136,821.78 SES 0.00 0.00 52,910.47 0.00 296,091,550.34 Totals (0.50) 0.00 1,483,071.62 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 1A1 117,132,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 1AR 50.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 1AMR 25.00 6.00000% 1000.00000000 5.20000000 0.00000000 0.00000000 1ALR 25.00 6.00000% 1000.00000000 5.20000000 0.00000000 0.00000000 2A1 26,400,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 2A2 14,114,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 2A3 2,211,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 2A4 13,200,000.00 1.49125% 1000.00000000 1.24270833 0.00000000 0.00000000 2A5 0.00 6.50875% 1000.00000000 5.42395833 0.00000000 0.00000000 2A6 0.00 0.75000% 1000.00000000 0.62500000 0.00000000 0.00000000 2A7 3,130,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 CBIO 0.00 0.25787% 1000.00000000 0.21489190 0.00000000 0.00000000 3A1 29,837,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 3IO 0.00 0.24756% 1000.00000000 0.20630178 0.00000000 0.00000000 4A1 36,738,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 5A1 35,655,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 15IO 0.00 0.33213% 1000.00000000 0.27677243 0.00000000 0.00000000 PO 6,537,180.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 15B1 1,043,000.00 5.11956% 1000.00000000 4.26629914 0.00000000 0.00000000 15B2 149,000.00 5.11956% 1000.00000000 4.26630872 0.00000000 0.00000000 15B3 224,000.00 5.11956% 1000.00000000 4.26629464 0.00000000 0.00000000 15B4 111,000.00 5.11956% 1000.00000000 4.26630631 0.00000000 0.00000000 15B5 75,000.00 5.11956% 1000.00000000 4.26626667 0.00000000 0.00000000 15B6 112,209.00 5.11956% 1000.00000000 4.26632445 0.00000000 0.00000000 30B1 4,798,000.00 5.50000% 1000.00000000 4.58333264 0.00000000 0.00000000 30B2 2,120,000.00 5.50000% 1000.00000000 4.58333491 0.00000000 0.00000000 30B3 1,227,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 30B4 1,115,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30B5 670,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30B6 1,004,198.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 30BIO 0.00 0.50000% 1000.00000000 0.41666667 0.00000000 0.00000000 SES 0.00 0.00000% 1000.00000000 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 1A1 (0.00000154) 0.00000000 5.00000154 0.00000000 996.46061170 1AR 0.00000000 0.00000000 5.00000000 0.00000000 0.00000000 1AMR 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000 1ALR 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000 2A1 (0.00000114) 0.00000000 4.16666780 0.00000000 994.41215606 2A2 (0.00000142) 0.00000000 4.37500142 0.00000000 1000.00000000 2A3 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 2A4 (0.00000076) 0.00000000 1.24270909 0.00000000 994.41215606 2A5 (0.00000152) 0.00000000 5.42395985 0.00000000 994.41215606 2A6 0.00000000 0.00000000 0.62500000 0.00000000 1000.00000000 2A7 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CBIO 0.00000000 0.00000000 0.21489206 0.00000000 992.25716408 3A1 (0.00000168) 0.00000000 5.00000168 0.00000000 999.03191474 3IO 0.00000000 0.00000000 0.20630178 0.00000000 999.08820013 4A1 (0.00000218) 0.00000000 3.95833551 0.00000000 983.52165496 5A1 (0.00000252) 0.00000000 4.58333586 0.00000000 994.00230851 15IO (0.00000021) 0.00000000 0.27677264 0.00000000 985.02105381 PO 0.00000000 0.00000000 0.00000000 0.00000000 998.51746013 15B1 0.00000000 0.00000000 4.26629914 0.00000000 996.26698945 15B2 0.00000000 0.00000000 4.26630872 0.00000000 996.26697987 15B3 0.00000000 0.00000000 4.26629464 0.00000000 996.26700893 15B4 0.00000000 0.00000000 4.26630631 0.00000000 996.26702703 15B5 0.00000000 0.00000000 4.26626667 0.00000000 996.26693333 15B6 0.00000000 0.00000000 4.26632445 0.00000000 996.26696611 30B1 (0.00000208) 0.00000000 4.58333472 0.00000000 998.99592122 30B2 0.00000000 0.00000000 4.58333491 0.00000000 998.99591981 30B3 0.00000000 0.00000000 4.58333333 0.00000000 998.99592502 30B4 0.00000000 0.00000000 5.00000000 0.00000000 998.99591928 30B5 0.00000000 0.00000000 5.00000000 0.00000000 998.99592537 30B6 0.00000000 0.00000000 5.00000000 0.00000000 998.99592511 30BIO 0.00000000 0.00000000 0.41666667 0.00000000 998.99592142 SES 0.00000000 0.00000000 0.17778895 0.00000000 994.92229812 (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 CBIO-1 0.22689% 46,991,257.21 46,666,598.47 0.00 0.00 99.30910821% CBIO-2 0.34194% 17,317,587.17 17,144,313.08 0.00 0.00 98.99943284% 3IO-1 0.24756% 9,982,706.00 9,973,603.77 0.00 0.00 99.90882001% 15IO-1 0.37179% 30,923,939.22 30,342,843.56 0.00 0.00 98.12088733% 15IO-2 0.26108% 17,263,338.49 17,122,639.51 0.00 0.00 99.18498395% PO-1 0.00000% 0.00 0.00 3,001,918.00 2,997,351.22 99.84787126% PO-2 0.00000% 0.00 0.00 2,277,079.00 2,274,327.13 99.87914912% PO-3 0.00000% 0.00 0.00 875,983.00 875,093.92 99.89850488% PO-4 0.00000% 0.00 0.00 171,925.00 171,223.48 99.59196161% PO-5 0.00000% 0.00 0.00 210,275.00 209,492.61 99.62792058% 30BIO-1 0.50000% 4,798,000.00 4,793,182.43 0.00 0.00 99.89959212% 30BIO-2 0.50000% 2,120,000.00 2,117,871.35 0.00 0.00 99.89959198% 30BIO-3 0.50000% 1,227,000.00 1,225,768.00 0.00 0.00 99.89959250% SES-1 0.00000% 126,324,326.48 125,898,724.07 0.00 0.00 99.66308753% SES-2 0.00000% 64,492,957.87 64,265,838.14 0.00 0.00 99.64783794% SES-3 0.00000% 32,295,994.09 32,264,690.70 0.00 0.00 99.90307346% SES-4 0.00000% 37,779,472.45 37,170,093.89 0.00 0.00 98.38701146% SES-5 0.00000% 36,709,937.18 36,492,203.54 0.00 0.00 99.40688092%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,006,609.45 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) 0.00 Prepayment Penalties 0.00 Total Deposits 3,006,609.45 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 14,260.15 Payment of Interest and Principal 2,994,209.34 Total Withdrawals (Pool Distribution Amount) 3,008,469.49 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00

SERVICING FEES Gross Servicing Fee 12,400.11 Trustee Fee 1,860.04 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 14,260.15

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 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 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 0.00

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.024226% Weighted Average Pass-Through Rate 5.766726% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 2,180 Number Of Loans Paid In Full 5 Ending Scheduled Collateral Loan Count 2,175 Beginning Scheduled Collateral Balance 297,602,687.00 Ending Scheduled Collateral Balance 296,091,550.34 Ending Actual Collateral Balance at 29-Feb-2004 296,496,484.49 Monthly P &I Constant 1,996,728.68 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 2,842,552.85 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 296,091,550.34 Scheduled Principal 502,707.02 Unscheduled Principal 1,008,430.71

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 6.199320 6.137474 6.171281 Weighted Average Net Rate 5.949321 5.887474 5.921281 Weighted Average Maturity 352 358 358 Beginning Loan Count 1,016 398 58 Loans Paid In Full 3 1 0 Ending Loan Count 1,013 397 58 Beginning Scheduled Balance 126,324,326.48 64,492,957.87 32,295,994.09 Ending scheduled Balance 125,898,724.07 64,265,838.14 32,264,690.70 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 782,788.88 393,030.22 197,337.52 Scheduled Principal 130,184.73 63,177.00 31,247.81 Unscheduled Principal 295,417.68 163,942.73 55.58 Scheduled Interest 652,604.15 329,853.22 166,089.71 Servicing Fees 26,317.54 13,436.03 6,728.33 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 789.53 403.07 201.85 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 625,497.08 316,014.12 159,159.53 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.941820 5.879974 5.913781

Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 5.290210 5.848775 6.024226 Weighted Average Net Rate 5.040210 5.598774 5.774227 Weighted Average Maturity 176 174 355 Beginning Loan Count 311 397 2,180 Loans Paid In Full 1 0 5 Ending Loan Count 310 397 2,175 Beginning Scheduled Balance 37,779,472.45 36,709,937.18 297,602,688.07 Ending scheduled Balance 37,170,093.89 36,492,203.54 296,091,550.34 Record Date 02/29/2004 02/29/2004 02/29/2004 Principal And Interest Constant 309,771.43 313,800.63 1,996,728.68 Scheduled Principal 143,220.31 134,877.17 502,707.02 Unscheduled Principal 466,158.25 82,856.47 1,008,430.71 Scheduled Interest 166,551.12 178,923.46 1,494,021.66 Servicing Fees 7,870.73 7,647.91 62,000.54 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 236.14 229.45 1,860.04 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 158,444.25 171,046.10 1,430,161.08 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.032710 5.591275 5.766726

Miscellaneous Reporting Group Group 1 CPR 2.773285% Subordinate Percentage 5.019613% Subordinate Prepayment Percentage 0.000000% Recoveries 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 94.980387% Group Group 2 CPR 3.011050% Subordinate Percentage 5.080500% Subordinate Prepayment Percentage 0.000000% Recoveries 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 94.919500% Group Group 3 CPR 0.002067% Subordinate Percentage 5.038224% Subordinate Prepayment Percentage 0.000000% Recoveries 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 94.961776%

Miscellaneous Reporting Group Group 4 CPR 13.891214% Subordinate Percentage 2.312160% Subordinate Prepayment Percentage 0.000000% Recoveries 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 97.687840% Group Group 5 CPR 2.684842% Subordinate Percentage 2.314164% Subordinate Prepayment Percentage 0.000000% Recoveries 0.00 Senior Prepayment Percentage 100.000000% Senior Percentage 97.685836%

Filing Compare · BANC OF AMERICA MORT SEC INC ALTERNATIVE LOAN TRUST 2004 2