8-K 1 ba785365-8k.txt CURRRENT 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: March 30, 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 March 30, 2004, Banc of America Mortgage Securities, Inc., a Delaware corporation (the "Registrant"), sold Banc of America Alternative Loan Trust 2004-3 Mortgage Pass-Through Certificates, Series 2004-3, Class 1-A-1, Class 1-A-R, Class 1-A-LR, Class 2-A-1, Class CB-IO, Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-IO, Class 4-A-1, Class 4-IO, Class PO, Class 30-B-IO, Class 30-B-1, Class 30-B-2, Class 30-B-3, Class 4-B-1, Class 4-B-2 and Class 4-B-3 (the "Offered Certificates"), having an aggregate original principal balance of $266,742,160.00. The Offered Certificates were issued pursuant to a Pooling and Servicing Agreement, dated March 30, 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 2004-3, Class SES, Class 30-B-4, Class 30-B-5 Class 30-B-6, Class 4-B-4, Class 4-B-5 and Class 4-B-6 Certificates, having an aggregate initial principal balance of $2,808,730.00 (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 four 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 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-IO, Class 4-A-1, Class 4-IO, 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 4-B-1, Class 4-B-2, Class 4-B-3, Class 4-B-4, Class 4-B-5 and Class 4-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 and Class 1-A-LR Certificates will be treated as the "residual interest" in the Upper-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 March 30, 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. March 30, 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 March 30, 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: 6/30/04 Distribution Date: 7/26/04 BAA Series: 2004-3 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-A-1 05948KNE5 SEN 6.00000% 103,534,024.52 517,670.18 1,297,793.73 1-A-R 05948KNF2 SEN 6.00000% 0.00 0.00 0.00 1-A-L-R 05948KNG0 SEN 6.00000% 0.00 0.00 0.00 2-A-1 05948KNH8 SEN 6.00000% 51,953,892.46 259,769.49 385,151.72 CB-IO 05948KNJ4 SEN 0.24422% 0.00 4,903.70 0.00 3-A-1 05948KNK1 SEN 5.75000% 17,422,724.58 83,483.90 26,460.36 3-A-2 05948KNL9 SEN 5.75000% 2,003,000.00 9,597.71 0.00 3-A-3 05948KNM7 SEN 5.75000% 2,002,000.00 9,592.92 0.00 3-A-4 05948KNN5 SEN 5.75000% 2,856,000.00 13,685.00 0.00 3-IO 05948KNP0 SEN 0.31081% 0.00 2,579.15 0.00 4-A-1 05948KNQ8 SEN 5.00000% 61,717,619.84 257,156.79 732,349.50 4-IO 05948KNR6 SEN 0.36051% 0.00 13,433.04 0.00 PO 05948KNS4 SEN 0.00000% 7,934,336.93 0.00 77,860.72 4-B-1 05948KNX3 SUB 5.00000% 948,458.26 3,951.91 3,559.51 4-B-2 05948KNY1 SUB 5.00000% 130,549.00 543.95 489.94 4-B-3 05948KNZ8 SUB 5.00000% 195,823.50 815.93 734.92 4-B-4 05948KPE3 SUB 5.00000% 97,911.75 407.97 367.46 4-B-5 05948KPF0 SUB 5.00000% 65,274.50 271.98 244.97 4-B-6 05948KPG8 SUB 5.00000% 99,219.22 413.41 372.36 30-B-1 05948KNU9 SUB 5.50000% 3,956,040.72 18,131.86 4,064.27 30-B-2 05948KNV7 SUB 5.50000% 1,825,481.49 8,366.79 1,875.42 30-B-3 05948KNW5 SUB 5.50000% 1,013,934.83 4,647.20 1,041.67 30-B-4 05948KPB9 SUB 5.50000% 1,013,934.83 4,647.20 1,041.67 30-B-5 05948KPC7 SUB 5.50000% 709,854.08 3,253.50 729.27 30-B-6 05948KPD5 SUB 5.50000% 811,953.43 3,721.45 834.17 30-B-IO 05948KNT2 SUB 0.46488% 0.00 3,614.94 0.00 SES 05948KPA1 SEN 0.00000% 0.00 45,679.03 0.00 Totals 260,292,033.94 1,270,339.00 2,534,971.66

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 102,236,230.79 1,815,463.91 0.00 1-A-R 0.00 0.00 0.00 0.00 1-A-L-R 0.00 0.00 0.00 0.00 2-A-1 0.00 51,568,740.74 644,921.21 0.00 CB-IO 0.00 0.00 4,903.70 0.00 3-A-1 0.00 17,396,264.22 109,944.26 0.00 3-A-2 0.00 2,003,000.00 9,597.71 0.00 3-A-3 0.00 2,002,000.00 9,592.92 0.00 3-A-4 0.00 2,856,000.00 13,685.00 0.00 3-IO 0.00 0.00 2,579.15 0.00 4-A-1 0.00 60,985,270.35 989,506.29 0.00 4-IO 0.00 0.00 13,433.04 0.00 PO 0.00 7,856,476.21 77,860.72 0.00 4-B-1 0.00 944,898.74 7,511.42 0.00 4-B-2 0.00 130,059.06 1,033.89 0.00 4-B-3 0.00 195,088.58 1,550.85 0.00 4-B-4 0.00 97,544.29 775.43 0.00 4-B-5 0.00 65,029.53 516.95 0.00 4-B-6 0.00 98,846.85 785.77 0.00 30-B-1 0.00 3,951,976.45 22,196.13 0.00 30-B-2 0.00 1,823,606.07 10,242.21 0.00 30-B-3 0.00 1,012,893.16 5,688.87 0.00 30-B-4 0.00 1,012,893.16 5,688.87 0.00 30-B-5 0.00 709,124.81 3,982.77 0.00 30-B-6 0.00 811,119.26 4,555.62 0.00 30-B-IO 0.00 0.00 3,614.94 0.00 SES 0.00 0.00 45,679.03 0.00 Totals 0.00 257,757,062.27 3,805,310.66 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-A-1 106,197,000.00 103,534,024.52 106,109.86 1,191,683.87 0.00 0.00 1-A-R 50.00 0.00 0.00 0.00 0.00 0.00 1-A-L-R 50.00 0.00 0.00 0.00 0.00 0.00 2-A-1 53,498,000.00 51,953,892.46 52,288.28 332,863.45 0.00 0.00 CB-IO 0.00 0.00 0.00 0.00 0.00 0.00 3-A-1 19,969,000.00 17,422,724.58 26,235.37 224.99 0.00 0.00 3-A-2 2,003,000.00 2,003,000.00 0.00 0.00 0.00 0.00 3-A-3 2,002,000.00 2,002,000.00 0.00 0.00 0.00 0.00 3-A-4 2,856,000.00 2,856,000.00 0.00 0.00 0.00 0.00 3-IO 0.00 0.00 0.00 0.00 0.00 0.00 4-A-1 64,031,000.00 61,717,619.84 231,623.00 500,726.50 0.00 0.00 4-IO 0.00 0.00 0.00 0.00 0.00 0.00 PO 8,081,060.00 7,934,336.93 9,999.17 67,861.55 0.00 0.00 4-B-1 959,000.00 948,458.26 3,559.51 0.00 0.00 0.00 4-B-2 132,000.00 130,549.00 489.94 0.00 0.00 0.00 4-B-3 198,000.00 195,823.50 734.92 0.00 0.00 0.00 4-B-4 99,000.00 97,911.75 367.46 0.00 0.00 0.00 4-B-5 66,000.00 65,274.50 244.97 0.00 0.00 0.00 4-B-6 100,322.00 99,219.22 372.36 0.00 0.00 0.00 30-B-1 3,968,000.00 3,956,040.72 4,064.27 0.00 0.00 0.00 30-B-2 1,831,000.00 1,825,481.49 1,875.42 0.00 0.00 0.00 30-B-3 1,017,000.00 1,013,934.83 1,041.67 0.00 0.00 0.00 30-B-4 1,017,000.00 1,013,934.83 1,041.67 0.00 0.00 0.00 30-B-5 712,000.00 709,854.08 729.27 0.00 0.00 0.00 30-B-6 814,408.00 811,953.43 834.17 0.00 0.00 0.00 30-B-IO 0.00 0.00 0.00 0.00 0.00 0.00 SES 0.00 0.00 0.00 0.00 0.00 0.00 Totals 269,550,890.00 260,292,033.94 441,611.31 2,093,360.36 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-A-1 1,297,793.73 102,236,230.79 0.96270357 1,297,793.73 1-A-R 0.00 0.00 0.00000000 0.00 1-A-L-R 0.00 0.00 0.00000000 0.00 2-A-1 385,151.72 51,568,740.74 0.96393773 385,151.72 CB-IO 0.00 0.00 0.00000000 0.00 3-A-1 26,460.36 17,396,264.22 0.87116351 26,460.36 3-A-2 0.00 2,003,000.00 1.00000000 0.00 3-A-3 0.00 2,002,000.00 1.00000000 0.00 3-A-4 0.00 2,856,000.00 1.00000000 0.00 3-IO 0.00 0.00 0.00000000 0.00 4-A-1 732,349.50 60,985,270.35 0.95243351 732,349.50 4-IO 0.00 0.00 0.00000000 0.00 PO 77,860.72 7,856,476.21 0.97220862 77,860.72 4-B-1 3,559.51 944,898.74 0.98529587 3,559.51 4-B-2 489.94 130,059.06 0.98529591 489.94 4-B-3 734.92 195,088.58 0.98529586 734.92 4-B-4 367.46 97,544.29 0.98529586 367.46 4-B-5 244.97 65,029.53 0.98529591 244.97 4-B-6 372.36 98,846.85 0.98529585 372.36 30-B-1 4,064.27 3,951,976.45 0.99596181 4,064.27 30-B-2 1,875.42 1,823,606.07 0.99596181 1,875.42 30-B-3 1,041.67 1,012,893.16 0.99596181 1,041.67 30-B-4 1,041.67 1,012,893.16 0.99596181 1,041.67 30-B-5 729.27 709,124.81 0.99596181 729.27 30-B-6 834.17 811,119.26 0.99596180 834.17 30-B-IO 0.00 0.00 0.00000000 0.00 SES 0.00 0.00 0.00000000 0.00 Totals 2,534,971.66 257,757,062.27 0.95624638 2,534,971.66

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 106,197,000.00 974.92419296 0.99917945 11.22144571 0.00000000 1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-L-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 53,498,000.00 971.13709784 0.97738757 6.22197933 0.00000000 CB-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 19,969,000.00 872.48858631 1.31380490 0.01126696 0.00000000 3-A-2 2,003,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A-3 2,002,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-A-4 2,856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 3-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4-A-1 64,031,000.00 963.87093502 3.61735722 7.82006372 0.00000000 4-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 PO 8,081,060.00 981.84358611 1.23735871 8.39760502 0.00000000 4-B-1 959,000.00 989.00757039 3.71168926 0.00000000 0.00000000 4-B-2 132,000.00 989.00757576 3.71166667 0.00000000 0.00000000 4-B-3 198,000.00 989.00757576 3.71171717 0.00000000 0.00000000 4-B-4 99,000.00 989.00757576 3.71171717 0.00000000 0.00000000 4-B-5 66,000.00 989.00757576 3.71166667 0.00000000 0.00000000 4-B-6 100,322.00 989.00759554 3.71164849 0.00000000 0.00000000 30-B-1 3,968,000.00 996.98606855 1.02426159 0.00000000 0.00000000 30-B-2 1,831,000.00 996.98606772 1.02425997 0.00000000 0.00000000 30-B-3 1,017,000.00 996.98606686 1.02425762 0.00000000 0.00000000 30-B-4 1,017,000.00 996.98606686 1.02425762 0.00000000 0.00000000 30-B-5 712,000.00 996.98606742 1.02425562 0.00000000 0.00000000 30-B-6 814,408.00 996.98606841 1.02426548 0.00000000 0.00000000 30-B-IO 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 1-A-1 0.00000000 12.22062516 962.70356780 0.96270357 12.22062516 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-L-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 7.19936671 963.93773113 0.96393773 7.19936671 CB-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A-1 0.00000000 1.32507186 871.16351445 0.87116351 1.32507186 3-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 3-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4-A-1 0.00000000 11.43742094 952.43351424 0.95243351 11.43742094 4-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 PO 0.00000000 9.63496373 972.20862238 0.97220862 9.63496373 4-B-1 0.00000000 3.71168926 985.29587070 0.98529587 3.71168926 4-B-2 0.00000000 3.71166667 985.29590909 0.98529591 3.71166667 4-B-3 0.00000000 3.71171717 985.29585859 0.98529586 3.71171717 4-B-4 0.00000000 3.71171717 985.29585859 0.98529586 3.71171717 4-B-5 0.00000000 3.71166667 985.29590909 0.98529591 3.71166667 4-B-6 0.00000000 3.71164849 985.29584737 0.98529585 3.71164849 30-B-1 0.00000000 1.02426159 995.96180696 0.99596181 1.02426159 30-B-2 0.00000000 1.02425997 995.96180776 0.99596181 1.02425997 30-B-3 0.00000000 1.02425762 995.96180924 0.99596181 1.02425762 30-B-4 0.00000000 1.02425762 995.96180924 0.99596181 1.02425762 30-B-5 0.00000000 1.02425562 995.96181180 0.99596181 1.02425562 30-B-6 0.00000000 1.02426548 995.96180293 0.99596180 1.02426548 30-B-IO 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 1-A-1 106,197,000.00 6.00000% 103,534,024.52 517,670.12 0.00 0.00 1-A-R 50.00 6.00000% 0.00 0.00 0.00 0.00 1-A-L-R 50.00 6.00000% 0.00 0.00 0.00 0.00 2-A-1 53,498,000.00 6.00000% 51,953,892.46 259,769.46 0.00 0.00 CB-IO 0.00 0.24422% 24,094,644.56 4,903.70 0.00 0.00 3-A-1 19,969,000.00 5.75000% 17,422,724.58 83,483.89 0.00 0.00 3-A-2 2,003,000.00 5.75000% 2,003,000.00 9,597.71 0.00 0.00 3-A-3 2,002,000.00 5.75000% 2,002,000.00 9,592.92 0.00 0.00 3-A-4 2,856,000.00 5.75000% 2,856,000.00 13,685.00 0.00 0.00 3-IO 0.00 0.31081% 9,957,734.46 2,579.14 0.00 0.00 4-A-1 64,031,000.00 5.00000% 61,717,619.84 257,156.75 0.00 0.00 4-IO 0.00 0.36051% 44,713,363.40 13,433.03 0.00 0.00 PO 8,081,060.00 0.00000% 7,934,336.93 0.00 0.00 0.00 4-B-1 959,000.00 5.00000% 948,458.26 3,951.91 0.00 0.00 4-B-2 132,000.00 5.00000% 130,549.00 543.95 0.00 0.00 4-B-3 198,000.00 5.00000% 195,823.50 815.93 0.00 0.00 4-B-4 99,000.00 5.00000% 97,911.75 407.97 0.00 0.00 4-B-5 66,000.00 5.00000% 65,274.50 271.98 0.00 0.00 4-B-6 100,322.00 5.00000% 99,219.22 413.41 0.00 0.00 30-B-1 3,968,000.00 5.50000% 3,956,040.72 18,131.85 0.00 0.00 30-B-2 1,831,000.00 5.50000% 1,825,481.49 8,366.79 0.00 0.00 30-B-3 1,017,000.00 5.50000% 1,013,934.83 4,647.20 0.00 0.00 30-B-4 1,017,000.00 5.50000% 1,013,934.83 4,647.20 0.00 0.00 30-B-5 712,000.00 5.50000% 709,854.08 3,253.50 0.00 0.00 30-B-6 814,408.00 5.50000% 811,953.43 3,721.45 0.00 0.00 30-B-IO 0.00 0.46488% 9,331,199.39 3,614.94 0.00 0.00 SES 0.00 0.00000% 260,292,034.83 0.00 0.00 0.00 Totals 269,550,890.00 1,224,659.80 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-A-1 (0.06) 0.00 517,670.18 0.00 102,236,230.79 1-A-R 0.00 0.00 0.00 0.00 0.00 1-A-L-R 0.00 0.00 0.00 0.00 0.00 2-A-1 (0.03) 0.00 259,769.49 0.00 51,568,740.74 CB-IO 0.00 0.00 4,903.70 0.00 23,938,300.55 3-A-1 (0.01) 0.00 83,483.90 0.00 17,396,264.22 3-A-2 0.00 0.00 9,597.71 0.00 2,003,000.00 3-A-3 0.00 0.00 9,592.92 0.00 2,002,000.00 3-A-4 0.00 0.00 13,685.00 0.00 2,856,000.00 3-IO 0.00 0.00 2,579.15 0.00 9,948,199.54 4-A-1 (0.04) 0.00 257,156.79 0.00 60,985,270.35 4-IO 0.00 0.00 13,433.04 0.00 44,411,027.78 PO 0.00 0.00 0.00 0.00 7,856,476.21 4-B-1 0.00 0.00 3,951.91 0.00 944,898.74 4-B-2 0.00 0.00 543.95 0.00 130,059.06 4-B-3 0.00 0.00 815.93 0.00 195,088.58 4-B-4 0.00 0.00 407.97 0.00 97,544.29 4-B-5 0.00 0.00 271.98 0.00 65,029.53 4-B-6 0.00 0.00 413.41 0.00 98,846.85 30-B-1 0.00 0.00 18,131.86 0.00 3,951,976.45 30-B-2 0.00 0.00 8,366.79 0.00 1,823,606.07 30-B-3 0.00 0.00 4,647.20 0.00 1,012,893.16 30-B-4 0.00 0.00 4,647.20 0.00 1,012,893.16 30-B-5 0.00 0.00 3,253.50 0.00 709,124.81 30-B-6 0.00 0.00 3,721.45 0.00 811,119.26 30-B-IO 0.00 0.00 3,614.94 0.00 9,321,612.90 SES 0.00 0.00 45,679.03 0.00 257,757,063.15 Totals (0.14) 0.00 1,270,339.00 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-A-1 106,197,000.00 6.00000% 974.92419296 4.87462094 0.00000000 0.00000000 1-A-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-L-R 50.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 53,498,000.00 6.00000% 971.13709784 4.85568545 0.00000000 0.00000000 CB-IO 0.00 0.24422% 942.69398489 0.19185543 0.00000000 0.00000000 3-A-1 19,969,000.00 5.75000% 872.48858631 4.18067455 0.00000000 0.00000000 3-A-2 2,003,000.00 5.75000% 1000.00000000 4.79166750 0.00000000 0.00000000 3-A-3 2,002,000.00 5.75000% 1000.00000000 4.79166833 0.00000000 0.00000000 3-A-4 2,856,000.00 5.75000% 1000.00000000 4.79166667 0.00000000 0.00000000 3-IO 0.00 0.31081% 987.20284704 0.25569414 0.00000000 0.00000000 4-A-1 64,031,000.00 5.00000% 963.87093502 4.01612891 0.00000000 0.00000000 4-IO 0.00 0.36051% 960.31112943 0.28850185 0.00000000 0.00000000 PO 8,081,060.00 0.00000% 981.84358611 0.00000000 0.00000000 0.00000000 4-B-1 959,000.00 5.00000% 989.00757039 4.12086548 0.00000000 0.00000000 4-B-2 132,000.00 5.00000% 989.00757576 4.12083333 0.00000000 0.00000000 4-B-3 198,000.00 5.00000% 989.00757576 4.12085859 0.00000000 0.00000000 4-B-4 99,000.00 5.00000% 989.00757576 4.12090909 0.00000000 0.00000000 4-B-5 66,000.00 5.00000% 989.00757576 4.12090909 0.00000000 0.00000000 4-B-6 100,322.00 5.00000% 989.00759554 4.12083092 0.00000000 0.00000000 30-B-1 3,968,000.00 5.50000% 996.98606855 4.56951865 0.00000000 0.00000000 30-B-2 1,831,000.00 5.50000% 996.98606772 4.56951939 0.00000000 0.00000000 30-B-3 1,017,000.00 5.50000% 996.98606686 4.56951819 0.00000000 0.00000000 30-B-4 1,017,000.00 5.50000% 996.98606686 4.56951819 0.00000000 0.00000000 30-B-5 712,000.00 5.50000% 996.98606742 4.56952247 0.00000000 0.00000000 30-B-6 814,408.00 5.50000% 996.98606841 4.56951553 0.00000000 0.00000000 30-B-IO 0.00 0.46488% 996.98606899 0.38623597 0.00000000 0.00000000 SES 0.00 0.00000% 965.65080523 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-A-1 (0.00000056) 0.00000000 4.87462151 0.00000000 962.70356780 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-L-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 (0.00000056) 0.00000000 4.85568601 0.00000000 963.93773113 CB-IO 0.00000000 0.00000000 0.19185543 0.00000000 936.57708379 3-A-1 (0.00000050) 0.00000000 4.18067505 0.00000000 871.16351445 3-A-2 0.00000000 0.00000000 4.79166750 0.00000000 1000.00000000 3-A-3 0.00000000 0.00000000 4.79166833 0.00000000 1000.00000000 3-A-4 0.00000000 0.00000000 4.79166667 0.00000000 1000.00000000 3-IO 0.00000000 0.00000000 0.25569513 0.00000000 986.25756173 4-A-1 (0.00000062) 0.00000000 4.01612953 0.00000000 952.43351424 4-IO 0.00000000 0.00000000 0.28850207 0.00000000 953.81785228 PO 0.00000000 0.00000000 0.00000000 0.00000000 972.20862238 4-B-1 0.00000000 0.00000000 4.12086548 0.00000000 985.29587070 4-B-2 0.00000000 0.00000000 4.12083333 0.00000000 985.29590909 4-B-3 0.00000000 0.00000000 4.12085859 0.00000000 985.29585859 4-B-4 0.00000000 0.00000000 4.12090909 0.00000000 985.29585859 4-B-5 0.00000000 0.00000000 4.12090909 0.00000000 985.29590909 4-B-6 0.00000000 0.00000000 4.12083092 0.00000000 985.29584737 30-B-1 0.00000000 0.00000000 4.56952117 0.00000000 995.96180696 30-B-2 0.00000000 0.00000000 4.56951939 0.00000000 995.96180776 30-B-3 0.00000000 0.00000000 4.56951819 0.00000000 995.96180924 30-B-4 0.00000000 0.00000000 4.56951819 0.00000000 995.96180924 30-B-5 0.00000000 0.00000000 4.56952247 0.00000000 995.96181180 30-B-6 0.00000000 0.00000000 4.56951553 0.00000000 995.96180293 30-B-IO 0.00000000 0.00000000 0.38623597 0.00000000 995.96180656 SES 0.00000000 0.00000000 0.16946347 0.00000000 956.24637822 (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 CB-IO-1 0.20466% 13,487,562.15 13,473,064.02 0.00 0.00 93.41016707% CB-IO-2 0.29453% 10,607,082.41 10,465,236.53 0.00 0.00 93.97833429% 3-IO-1 0.20466% 13,487,562.15 13,473,064.02 0.00 0.00 93.41016707% PO-1 0.00000% 0.00 0.00 4,644,064.95 4,597,587.21 97.69200944% PO-2 0.00000% 0.00 0.00 2,360,700.43 2,348,972.42 97.11670472% PO-3 0.00000% 0.00 0.00 401,937.59 401,506.13 95.52914487% PO-4 0.00000% 0.00 0.00 527,633.96 508,410.45 94.87995618% 30-B-IO-1 0.46488% 3,956,040.72 3,951,976.45 0.00 0.00 99.59618070% 30-B-IO-2 0.46488% 1,825,481.49 1,823,606.07 0.00 0.00 99.59618078% 30-B-IO-3 0.46488% 1,013,934.83 1,012,893.16 0.00 0.00 99.59618092% 30-B-IO-4 0.46488% 1,013,934.83 1,012,893.16 0.00 0.00 99.59618092% 30-B-IO-4 0.46488% 709,854.08 709,124.81 0.00 0.00 99.59618118% 30-B-IO-5 0.46488% 811,953.43 811,119.26 0.00 0.00 99.59618029% SES-1 0.00000% 113,509,468.24 112,159,732.75 0.00 0.00 96.48075704% SES-2 0.00000% 57,003,720.04 56,604,133.87 0.00 0.00 96.57121191% SES-3 0.00000% 25,996,356.16 25,968,048.31 0.00 0.00 90.90875359% SES-4 0.00000% 63,782,490.39 63,025,148.22 0.00 0.00 95.31765662%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,818,433.66 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 3,818,433.66 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 13,123.00 Payment of Interest and Principal 3,805,310.66 Total Withdrawals (Pool Distribution Amount) 3,818,433.66 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 10,845.43 Trustee Fee 2,277.57 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 13,123.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 1 0 0 1 112,070.57 0.00 0.00 112,070.57 30 Days 9 0 0 0 9 1,298,118.02 0.00 0.00 0.00 1,298,118.02 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 9 1 0 0 10 1,298,118.02 112,070.57 0.00 0.00 1,410,188.59 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 0.054795% 0.000000% 0.000000% 0.054795% 0.043417% 0.000000% 0.000000% 0.043417% 30 Days 0.493151% 0.000000% 0.000000% 0.000000% 0.493151% 0.502899% 0.000000% 0.000000% 0.000000% 0.502899% 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 0.493151% 0.054795% 0.000000% 0.000000% 0.547945% 0.502899% 0.043417% 0.000000% 0.000000% 0.546316%

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 4 0 0 0 4 366,600.46 0.00 0.00 0.00 366,600.46 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 4 0 0 0 4 366,600.46 0.00 0.00 0.00 366,600.46 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.451977% 0.000000% 0.000000% 0.000000% 0.451977% 0.326568% 0.000000% 0.000000% 0.000000% 0.326568% 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 0.451977% 0.000000% 0.000000% 0.000000% 0.451977% 0.326568% 0.000000% 0.000000% 0.000000% 0.326568% 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 1 0 0 1 112,070.57 0.00 0.00 112,070.57 30 Days 2 0 0 0 2 202,536.27 0.00 0.00 0.00 202,536.27 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 3 202,536.27 112,070.57 0.00 0.00 314,606.84 0-29 Days 0.282486% 0.000000% 0.000000% 0.282486% 0.197840% 0.000000% 0.000000% 0.197840% 30 Days 0.564972% 0.000000% 0.000000% 0.000000% 0.564972% 0.357540% 0.000000% 0.000000% 0.000000% 0.357540% 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 0.564972% 0.282486% 0.000000% 0.000000% 0.847458% 0.357540% 0.197840% 0.000000% 0.000000% 0.555380% 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 3 0 0 0 3 728,981.29 0.00 0.00 0.00 728,981.29 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 3 0 0 0 3 728,981.29 0.00 0.00 0.00 728,981.29 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.562852% 0.000000% 0.000000% 0.000000% 0.562852% 1.152957% 0.000000% 0.000000% 0.000000% 1.152957% 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 0.562852% 0.000000% 0.000000% 0.000000% 0.562852% 1.152957% 0.000000% 0.000000% 0.000000% 1.152957%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9,392.17

COLLATERAL STATEMENT Collateral Description Fixed 15 & 30 Year Weighted Average Gross Coupon 5.906435% Weighted Average Net Coupon 5.656435% Weighted Average Pass-Through Rate 5.645935% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 1,840 Number Of Loans Paid In Full 15 Ending Scheduled Collateral Loan Count 1,825 Beginning Scheduled Collateral Balance 260,292,034.83 Ending Scheduled Collateral Balance 257,757,063.15 Ending Actual Collateral Balance at 30-Jun-2004 258,127,029.00 Monthly P &I Constant 1,722,776.33 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 257,757,063.15 Scheduled Principal 441,611.32 Unscheduled Principal 2,093,360.36

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 6.039338 6.066827 6.040650 Weighted Average Net Rate 5.789338 5.816828 5.790650 Weighted Average Maturity 354 355 356 Beginning Loan Count 895 356 53 Loans Paid In Full 10 2 0 Ending Loan Count 885 354 53 Beginning Scheduled Balance 113,509,468.24 57,003,720.04 25,996,356.16 Ending scheduled Balance 112,159,732.75 56,604,133.87 25,968,048.31 Record Date 06/30/2004 06/30/2004 06/30/2004 Principal And Interest Constant 687,830.99 345,676.99 158,943.25 Scheduled Principal 116,562.59 57,483.89 28,080.85 Unscheduled Principal 1,233,172.90 342,102.28 227.00 Scheduled Interest 571,268.40 288,193.10 130,862.40 Servicing Fees 23,647.79 11,875.75 5,415.90 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 993.21 498.78 227.48 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 546,627.40 275,818.57 125,219.02 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 5.778838 5.806327 5.780150

Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15 Year Fixed 15 & 30 Year Weighted Average Coupon Rate 5.471867 5.906435 Weighted Average Net Rate 5.221867 5.656435 Weighted Average Maturity 175 1 Beginning Loan Count 536 1,840 Loans Paid In Full 3 15 Ending Loan Count 533 1,825 Beginning Scheduled Balance 63,782,490.39 260,292,034.83 Ending scheduled Balance 63,025,148.22 257,757,063.15 Record Date 06/30/2004 06/30/2004 Principal And Interest Constant 530,325.10 1,722,776.33 Scheduled Principal 239,483.99 441,611.32 Unscheduled Principal 517,858.18 2,093,360.36 Scheduled Interest 290,841.11 1,281,165.01 Servicing Fees 13,288.03 54,227.47 Master Servicing Fees 0.00 0.00 Trustee Fee 558.10 2,277.57 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 276,994.98 1,224,659.97 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.211367 5.645935

Miscellaneous Reporting Group Group 1 CPR 12.297297% Senior Percentage 95.102779% Subordinate Percenatge 4.897221% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000% Group Group 2 CPR 6.975468% Senior Percentage 95.078737% Subordinate Percenatge 4.921263% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000% Group Group 3 CPR 0.010489% Senior Percentage 94.878986% Subordinate Percenatge 5.121014% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000%

Miscellaneous Reporting Group Group 4 CPR 9.353007% Senior Percentage 97.569773% Subordinate Percenatge 2.430227% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000%

Filing Compare · BANC OF AMERICA ALT MTG P/T CERT SERIES 2004 3