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 (Date of earliest event reported) Long Beach Securities Corp (as Depositor under the Pooling and Servicing Agreement, dated as August 1, 2004, providing for the issuance of Long Beach Mortgage Loan Trust 2004-5 Asset-Backed Pass-Through Certificates, Series 2004-5) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-109318-03 33-0917586 (Commission File Number) (I.R.S. Employer Identification No.) 1400 South Douglass Road Anaheim, California 92806 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (714) 939-5200 (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(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] 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 Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of December 27, 2004. 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, hereunto duly authorized. Deutsche Bank National Trust Company, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of Long Beach Securities Corp ,Registrant Date: ~~Sep~~Dec 2730, 2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of December 27, 2004.

Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
				External Parties					Table of Contents
												Page
				Seller
									1. Certificate Payment Report					2
				Long Beach Mortgage Corp.
									2. Collection Account Report					4
									3. Credit Enhancement Report					6
									4. Collateral Report					7
				Certificate Insurer(s)					5. Delinquency Report					10
									6. REO Report					13
									7. Foreclosure Report					14
									8. Prepayment Report					15
									9. Prepayment Detail Report					18
									10. Realized Loss Report					1920
									11. Realized Loss Detail Report					2223
				Servicer(s)
									12. Triggers and Adj. Cert. Report					2324
				Long Beach Mortgage Corp.
									13. Additional Certificate Report					2425
				Underwriter(s)
				Lehman Brothers
									Total Number of Pages					2425
				Dates					Contacts
				Cut-Off Date:		August 01, 2004			Nicholas Gisler
				Close Date:		August 20, 2004			Administrator
				First Distribution Date:		September 27, 2004			(714) 247-6268
									Nicholas.Gisler@db.com
									Address:
									1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:		~~September~~December 27, 2004
									Factor Information:			(800) 735-7777
				Record Date:		~~August~~November 3130, 2004
									Main Phone Number:			(714) 247-6000
						September 24, 2004
						December 24, 2004
									https://www.corporatetrust.db.com/invr
									https://www.tss.db.com/invr
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Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution -
					Prior											Current
	Class		Original		Principal					Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance	Interest		Principal		Distribution		Loss		Interest		Balance
					(1)	(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)
A-1	FLT, STEP	$	603,510,000.00		~~603~~586,~~510~~293,~~000~~741.0006	1,~~223~~262,~~113~~160.6014		38,~~715~~915,~~489~~499.5672		410,~~938~~177,~~603~~659.1686		0.00		0.00		~~599~~577,~~794~~378,~~510~~241.4434
A-2	FLT, STEP	$	148,617,000.00		~~148~~141,~~617~~982,~~000~~722.0038	~~274~~284,~~528~~872.6356		26,~~264~~836,~~006~~535.3415		27,~~538~~121,~~534~~407.9771		0.00		0.00		135,146,~~352,993~~187.6623
A-3	FLT, STEP	$	73,070,000.00		73,070,000.00	~~146~~156,~~545~~045.9404		0.00		~~146~~156,~~545~~045.9404		0.00		0.00		73,070,000.00
A-4	FLT, STEP	$	35,360,000.00		35,360,000.00	7881,~~381~~603.3302		0.00		7881,~~381~~603.3302		0.00		0.00		35,360,000.00
A-5	FLT, STEP	$	27,924,000.00		27,924,000.00	6365,~~666~~885.7213		0.00		6365,~~666~~885.7213		0.00		0.00		27,924,000.00
A-6	FLT, STEP	$	22,847,000.00		22,847,000.00	5254,~~573~~299.4970		0.00		5254,~~573~~299.4970		0.00		0.00		22,847,000.00
M-1	MEZ, FLT, S	$	15,231,000.00		15,231,000.00	3637,~~173~~117.6310		0.00		3637,~~173~~117.6310		0.00		0.00		15,231,000.00
M-2	MEZ, FLT, S	$	22,847,000.00		22,847,000.00	6665,~~319~~513.7677		0.00		6665,~~319~~513.7677		0.00		0.00		22,847,000.00
M-3	MEZ, FLT, S	$	10,154,000.00		10,154,000.00	3332,~~226~~176.1490		0.00		3332,~~226~~176.1490		0.00		0.00		10,154,000.00
M-4	MEZ, FLT, S	$	10,154,000.00		10,154,000.00	3634,~~441~~800.5801		0.00		3634,~~441~~800.5801		0.00		0.00		10,154,000.00
M-5	MEZ, FLT, S	$	7,615,000.00		7,615,000.00	2827,~~535~~081.1090		0.00		2827,~~535~~081.1090		0.00		0.00		7,615,000.00
M-6	MEZ, FLT, S	$	12,694,000.00		12,694,000.00	5451,~~936~~156.8182		0.00		5451,~~936~~156.8182		0.00		0.00		12,694,000.00
M-7	MEZ, FLT, S	$	5,077,000.00		5,077,000.00	2120,~~972~~460.1331		0.00		2120,~~972~~460.1331		0.00		0.00		5,077,000.00
B-1	SUB, STEP,	$	7,616,000.00		7,616,000.00	3931,~~137~~733.7833		0.00		3931,~~137~~733.7833		0.00		0.00		7,616,000.00
B-2	SUB, STEP,	$	7,616,000.00		7,616,000.00	3931,~~137~~733.7833		0.00		3931,~~137~~733.7833		0.00		0.00		7,616,000.00
C	SUB	$	5,074,992.63		5,~~074~~077,~~992~~035.6346	23,~~803~~183,~~723~~515.9239		0.00		23,~~803~~183,~~723~~515.9239		0.00		0.00		5,077,035.46
P	EXE	$	100.00		100.00	58179,~~228~~731.7634		0.00		58179,~~228~~731.7634		0.00		0.00		100.00
R	R	$	0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
Total			1,015,407,092.63		1991,~~015~~558,~~407,092~~598.6390	5,~~056~~599,~~643~~885.1079		515,~~979~~752,~~495~~034.9087		1121,~~036~~351,~~139~~920.0066		0.00		0.00		1975,~~009~~806,~~429,639~~564.5603
Interest Accrual Detail Current Period Factor Information per $1,0000 of Original Face-
Interest Accrual Detail Current Period Factor Information per $1,000 of Original Face-
								Orig. Principal		Prior							Current
	Period		Period					(with Notional)		Principal						Total	Principal
Class	Starting		Ending		Method	Cusip		Balance		Balance		Interest		Principal		Distribution	Balance
								(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	0811/2026/04		0912/26/04		A-Act/360	542514GW8		603,510,000.00		~~1,000~~971.~~000000~~473117		2.~~026667~~091366		614.~~156467~~772746		816.~~183134~~864111	~~993~~956.~~843533~~700372
A-2	0811/2026/04		0912/26/04		A-Act/360	542514GX6		148,617,000.00		~~1,000~~955.~~000000~~359901		1.~~847222~~916824		1546.~~233832~~001031		1747.~~081054~~917854	~~984~~909.~~766168~~358870
A-3	0811/2026/04		0912/26/04		A-Act/360	542514GY4		73,070,000.00		1,000.000000		2.~~005555~~135555		0.000000		2.~~005555~~135555	1,000.000000
A-4	0811/2026/04		0912/26/04		A-Act/360	542514GZ1		35,360,000.00		1,000.000000		2.~~216667~~307778		0.000000		2.~~216667~~307778	1,000.000000
A-5	0811/2026/04		0912/26/04		A-Act/360	542514HB3		27,924,000.00		1,000.000000		2.~~280000~~359445		0.000000		2.~~280000~~359445	1,000.000000
A-6	0811/2026/04		0912/26/04		A-Act/360	542514HC1		22,847,000.00		1,000.000000		2.~~301111~~376667		0.000000		2.~~301111~~376667	1,000.000000
M-1	0811/2026/04		0912/26/04		A-Act/360	542514HD9		15,231,000.00		1,000.000000		2.~~375000~~436944		0.000000		2.~~375000~~436944	1,000.000000
M-2	0811/2026/04		0912/26/04		A-Act/360	542514HE7		22,847,000.00		1,000.000000		2.~~902778~~867500		0.000000		2.~~902778~~867500	1,000.000000
M-3	0811/2026/04		0912/26/04		A-Act/360	542514HF4		10,154,000.00		1,000.000000		3.~~272222~~168889		0.000000		3.~~272222~~168889	1,000.000000
M-4	0811/2026/04		0912/26/04		A-Act/360	542514HG2		10,154,000.00		1,000.000000		3.~~588889~~427222		0.000000		3.~~588889~~427222	1,000.000000
M-5	0811/2026/04		0912/26/04		A-Act/360	542514HH0		7,615,000.00		1,000.000000		3.~~747223~~556389		0.000000		3.~~747223~~556389	1,000.000000
M-6	0811/2026/04		0912/26/04		A-Act/360	542514HJ6		12,694,000.00		1,000.000000		4.~~327778~~030000		0.000000		4.~~327778~~030000	1,000.000000
M-7	0811/2026/04		0912/26/04		A-Act/360	542514HK3		5,077,000.00		1,000.000000		4.~~327778~~030000		0.000000		4.~~327778~~030000	1,000.000000
B-1	0811/2125/04		0912/2624/04		F-~~Act~~30/360	542514HL1		7,616,000.00		1,000.000000		54.~~138889~~166666		0.000000		54.~~138889~~166666	1,000.000000
B-2	0811/2125/04		0912/2624/04		F-~~Act~~30/360	542514HM9		7,616,000.00		1,000.000000		54.~~138889~~166666		0.000000		54.~~138889~~166666	1,000.000000
C	0811/01/04		0811/30/04			1,020,482,085.26		4.~~973133~~975134		23.~~747450~~119619		0.000000		23.~~747450~~119619		4.975134
P	0811/01/04		0811/30/04			100.00		1,000.000000		~~582~~1,~~287~~797,313.~~600000~~400000		0.000000		~~582~~1,~~287~~797,313.~~600000~~400000		1,000.000000
R	0811/01/04		0811/30/04			0.00		0.000000		0.000000		0.000000		0.000000		0.000000
Page 2 of 24
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Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Distribution to Date -
																Current
	Original				Unscheduled	Scheduled		Total		Total		Realized		Deferred		Principal
Class	Face Value		Interest		Principal	Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)	(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	603,510,000.00		14,~~223~~685,~~113~~275.6079		324,~~234~~212,~~202~~497.9401	~~481~~1,~~286~~919,261.6266		326,~~715~~131,~~489~~758.5666		430,~~938~~817,~~603~~034.1645		0.00		0.00		~~599~~577,~~794~~378,~~510~~241.4434
A-2	148,617,000.00		~~274~~1,~~528~~053,786.6349		212,~~120~~897,~~316~~724.8359	~~143~~573,~~689~~088.5119		213,~~264~~470,~~006~~812.3477		214,~~538~~524,~~534~~599.9726		0.00		0.00		135,146,~~352,993~~187.6623
A-3	73,070,000.00		~~146~~569,~~545~~215.9430		0.00	0.00		0.00		~~146~~569,~~545~~215.9430		0.00		0.00		73,070,000.00
A-4	35,360,000.00		78300,~~381~~795.3373		0.00	0.00		0.00		78300,~~381~~795.3373		0.00		0.00		35,360,000.00
A-5	27,924,000.00		63243,~~666~~543.7282		0.00	0.00		0.00		63243,~~666~~543.7282		0.00		0.00		27,924,000.00
A-6	22,847,000.00		52200,~~573~~901.4929		0.00	0.00		0.00		52200,~~573~~901.4929		0.00		0.00		22,847,000.00
M-1	15,231,000.00		36137,~~173~~751.6371		0.00	0.00		0.00		36137,~~173~~751.6371		0.00		0.00		15,231,000.00
M-2	22,847,000.00		66247,~~319~~566.7628		0.00	0.00		0.00		66247,~~319~~566.7628		0.00		0.00		22,847,000.00
M-3	10,154,000.00		33122,~~226~~761.1486		0.00	0.00		0.00		33122,~~226~~761.1486		0.00		0.00		10,154,000.00
M-4	10,154,000.00		36133,~~441~~677.5841		0.00	0.00		0.00		36133,~~441~~677.5841		0.00		0.00		10,154,000.00
M-5	7,615,000.00		28104,~~535~~344.1054		0.00	0.00		0.00		28104,~~535~~344.1054		0.00		0.00		7,615,000.00
M-6	12,694,000.00		54198,~~936~~957.8129		0.00	0.00		0.00		54198,~~936~~957.8129		0.00		0.00		12,694,000.00
M-7	5,077,000.00		2179,~~972~~573.1352		0.00	0.00		0.00		2179,~~972~~573.1352		0.00		0.00		5,077,000.00
B-1	7,616,000.00		39134,~~137~~337.7877		0.00	0.00		0.00		39134,~~137~~337.7877		0.00		0.00		7,616,000.00
B-2	7,616,000.00		39134,~~137~~337.7877		0.00	0.00		0.00		39134,~~137~~337.7877		0.00		0.00		7,616,000.00
C	5,074,992.63		212,~~803~~629,~~723~~926.9267		0.00	0.00		0.00		212,~~803~~629,~~723~~926.9267		0.00		0.00		5,077,035.46
P	100.00		58375,~~228~~051.7625		0.00	0.00		0.00		58375,~~228~~051.7625		0.00		0.00		100.00
R	0.00		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
Total	1,015,407,092.63		521,~~056~~351,~~643~~804.1049		537,~~354~~110,~~519~~221.7760	~~624~~2,~~976~~492,349.1385		539,~~979~~602,~~495~~571.9043		1160,~~036~~954,~~139~~375.0092		0.00		0.00		1975,~~009~~806,~~429,639~~564.5603
Interest Detail -
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or		Current
	Through		(with Notional)		Accrued	Supported		Unpaid		Interest		Optimal		Deferred		Unpaid
Class	Rate		Balance		Interest	Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)	(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	12.~~92000~~50000%		~~603~~586,~~510~~293,~~000~~741.0006		1,~~223~~262,~~113~~160.6014	0.00		0.00		0.00		1,~~223~~262,~~113~~160.6014		1,~~223~~262,~~113~~160.6014		0.00
A-2	12.~~75000~~33000%		~~148~~141,~~617~~982,~~000~~722.0038		~~274~~284,~~528~~872.6356	0.00		0.00		0.00		~~274~~284,~~528~~872.6356		~~274~~284,~~528~~872.6356		0.00
A-3	12.~~90000~~48000%		73,070,000.00		~~146~~156,~~545~~045.9404	0.00		0.00		0.00		~~146~~156,~~545~~045.9404		~~146~~156,~~545~~045.9404		0.00
A-4	2.~~10000~~68000%		35,360,000.00		7881,~~381~~603.3302	0.00		0.00		0.00		7881,~~381~~603.3302		7881,~~381~~603.3302		0.00
A-5	2.~~16000~~74000%		27,924,000.00		6365,~~666~~885.7213	0.00		0.00		0.00		6365,~~666~~885.7213		6365,~~666~~885.7213		0.00
A-6	2.~~18000~~76000%		22,847,000.00		5254,~~573~~299.4970	0.00		0.00		0.00		5254,~~573~~299.4970		5254,~~573~~299.4970		0.00
M-1	2.~~25000~~83000%		15,231,000.00		3637,~~173~~117.6310	0.00		0.00		0.00		3637,~~173~~117.6310		3637,~~173~~117.6310		0.00
M-2	23.~~75000~~33000%		22,847,000.00		6665,~~319~~513.7677	0.00		0.00		0.00		6665,~~319~~513.7677		6665,~~319~~513.7677		0.00
M-3	3.~~10000~~68000%		10,154,000.00		3332,~~226~~176.1490	0.00		0.00		0.00		3332,~~226~~176.1490		3332,~~226~~176.1490		0.00
M-4	3.~~40000~~98000%		10,154,000.00		3634,~~441~~800.5801	0.00		0.00		0.00		3634,~~441~~800.5801		3634,~~441~~800.5801		0.00
M-5	34.~~55000~~13000%		7,615,000.00		2827,~~535~~081.1090	0.00		0.00		0.00		2827,~~535~~081.1090		2827,~~535~~081.1090		0.00
M-6	4.~~10000~~68000%		12,694,000.00		5451,~~936~~156.8182	0.00		0.00		0.00		5451,~~936~~156.8182		5451,~~936~~156.8182		0.00
M-7	4.~~10000~~68000%		5,077,000.00		2120,~~972~~460.1331	0.00		0.00		0.00		2120,~~972~~460.1331		2120,~~972~~460.1331		0.00
B-1	5.00000%		7,616,000.00		3931,~~137~~733.7833	0.00		0.00		0.00		3931,~~137~~733.7833		3931,~~137~~733.7833		0.00
B-2	5.00000%		7,616,000.00		3931,~~137~~733.7833	0.00		0.00		0.00		3931,~~137~~733.7833		3931,~~137~~733.7833		0.00
C	~~662~~752.~~95046~~45061%		5,~~074~~077,~~992~~035.6346		23,~~803~~183,~~723~~515.9239	0.00		0.00		0.00		23,~~803~~183,~~723~~515.9239		23,~~803~~183,~~723~~515.9239		0.00
P	0.00000%		100.00		0.00	0.00		0.00		0.00		0.00		58179,~~228~~731.7634		0.00
R	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
Total			1991,~~015~~558,~~407,092~~598.6390		45,~~998~~420,~~414~~154.3445	0.00		0.00		0.00		45,~~998~~420,~~414~~154.3445		5,~~056~~599,~~643~~885.1079		0.00
Page 3 of 24
Page 3 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Collection Account Report
SUMMARY
									Group 2		Group 1		Total
Principal Collections									26,~~263~~836,~~232~~535.8715		38,~~714~~915,~~220~~499.2072		515,~~977~~752,~~453~~034.0787
Principal Withdrawals									0.00		0.00		0.00
Principal Other Accounts									0.00		0.00		0.00
TOTAL NET PRINCIPAL									26,~~263~~836,~~232~~535.8715		38,~~714~~915,~~220~~499.2072		515,~~977~~752,~~453~~034.0787
Interest Collections									1,~~620~~573,~~562~~179.0183		3,~~957~~832,~~046~~160.6717		5,~~577~~405,~~608~~340.6901
Interest Withdrawals									-0.00		-0.00		-0.00
Interest Fees									-~~159~~146,~~601~~394.7123		-~~417~~381,~~470~~279.8106		-~~577~~527,~~151~~752.5234
Interest Other Accounts													58722,~~228~~298.7612
TOTAL NET INTEREST									1,~~460~~426,~~960~~785.3061		3,~~539~~450,~~575~~881.8711		5,~~058~~599,~~685~~885.9379
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION													1121,~~036~~351,~~139~~920.0066
PRINCIPAL - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Principal Received										~~143~~141,~~689~~944.5186		~~481~~476,~~286~~319.6226		~~624~~618,~~976~~264.1312
Curtailments										112,~~259~~073.7684		~~124~~29,~~777~~359.0117		~~136~~31,~~036~~433.7701
Prepayments In Full										26,~~108~~692,~~283~~516.6045		38,~~108~~409,~~156~~821.5729		515,~~216~~102,~~440~~337.1774
Repurchased/Substitutions										0.00		0.00		0.00
Liquidations										0.00		0.00		0.00
Insurance Principal										0.00		0.00		0.00
Other Additional Principal										0.00		0.00		0.00
Delinquent Principal										-2840,~~909~~977.6439		-75112,~~188~~290.6196		-~~104~~153,~~098~~268.2535
Realized Losses										-0.00		-0.00		-0.00
Advanced Principal										2840,~~909~~977.6439		75112,~~188~~290.6196		~~104~~153,~~098~~268.2535
TOTAL PRINCIPAL COLLECTED										26,~~263~~836,~~232~~535.8715		38,~~714~~915,~~220~~499.2072		515,~~977~~752,~~453~~034.0787
PRINCIPAL - WITHDRAWALS
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS
									Group 2		Group 1		Total
TOTAL PRINCIPAL OTHER ACCOUNTS									0.00		0.00		0.00
Page 4 of 24
Page 4 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
INTEREST - COLLECTIONS
									Group 2		Group 1		Total
Scheduled Interest									#######		43,~~005~~903,~~456~~467.3506		5,~~647~~508,~~944~~432.6980
Repurchased/Substitution Interest									0.00		0.00		0.00
Liquidation Interest									0.00		0.00		0.00
Insurance Interest									0.00		0.00		0.00
Other Additional Interest									0.00		0.00		0.00
Prepayment Interest Shortfalls									-015,061.0082		-~~577~~22,571.1147		-~~577~~37,633.1129
Delinquent Interest									-~~301~~430,~~826~~639.6293		-~~694~~1,~~633~~007,803.2120		-~~996~~1,~~459~~438,443.8313
Compensating Interest									015,061.0082		~~577~~22,571.1147		~~577~~37,633.1129
Civil Relief Act Shortfalls									-0.00		-083.0050		-083.0050
Interest Advanced									~~279~~398,~~900~~854.2903		~~646~~936,~~223~~579.5481		~~926~~1,~~123~~335,433.83
TOTAL INTEREST COLLECTED									1,~~620~~573,~~562~~179.0183		3,~~957~~832,~~046~~160.6717		5,~~577~~405,~~608~~340.6901
INTEREST - WITHDRAWALS
									Group 2		Group 1		Total
Non-Recoverable Advances									0.00		0.00		0.00
Reimbursements to Master Servicer									0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS									0.00		0.00		0.00
INTEREST - OTHER ACCOUNTS
									Group 2		Group 1		Total
Prepayment Charges													58179,~~228~~731.7634
Net WAC Investment Income													0.00
TOTAL INTEREST OTHER ACCOUNTS													58,228.76
Current Cap Provider Payments Received													542,566.78
TOTAL INTEREST OTHER ACCOUNTS													722,298.12
INTEREST - FEES
									Group 2		Group 1		Total
Current Servicing Fees									~~104~~91,~~448~~825.7522		~~248~~218,~~301~~314.5391		~~352~~310,~~750~~140.2812
Trustee Fees									~~657~~642.1578		1,~~542~~505.9060		2,~~200~~148.0538
PMI Premium Amounts									5453,~~495~~926.8123		~~167~~161,~~705~~537.3861		~~222~~215,~~201~~463.1984
TOTAL INTEREST FEES									~~159~~146,~~601~~394.7123		~~417~~381,~~470~~279.8106		~~577~~527,~~151~~752.5234
Page 5 of 24
Page 5 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Credit Enhancement Report
ACCOUNTS
									Group 2		Group 1		Total
Net WAC Reserve Account Balance													1,000.00
Current Cap Provider Payments Received													0.00
INSURANCE
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES
									Group 2		Group 1		Total
Overcollateralized Amount - Prior Period													5,~~074~~077,~~992~~035.6346
Current Period Losses													0.00
Overcollateralized Amount - After Current Losses													5,~~074~~077,~~992~~035.6346
Overcollateralization Increase Amount													~~2,042~~0.8300
Overcollateralization Reduction Amount													0.00
Overcollateralization Amount - Ending													5,077,035.46
Overcollateralization Deficiency Amount													0.00
Required Overcollateralized Amount													5,077,035.46
Senior Enhancement Percentage													15.250040%
Page 6 of 25
Page 6 of 24
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Collateral Report
COLLATERAL
										Group 2		Group 1		Total
Loan Count:
Original									703		4,349		5,052
Prior									~~703~~691		4,~~349~~268		54,~~052~~959
Prefunding									0		0		0
Scheduled Paid Offs									-0		-0		-0
Full Voluntary Prepayments									-414		-1748		-2162
Repurchases									-0		-0		-0
Liquidations									-0		-0		-0
Current									~~699~~677		4,~~332~~220		54,~~031~~897
Principal Balance:
Original									303,300,196.05		712,106,896.58		1,015,407,092.63
Prior									~~303~~296,~~300~~666,~~196~~691.0590		~~712~~694,~~106~~891,~~896~~907.5800		1991,~~015~~558,~~407,092~~598.6390
Prefunding									0.00		0.00		0.00
Scheduled Principal									-~~143~~141,~~689~~944.5186		-~~481~~476,~~286~~319.6226		-~~624~~618,~~976~~264.1312
Partial Prepayments									-112,~~259~~073.7684		-~~124~~29,~~777~~359.0117		-~~136~~31,~~036~~433.7701
Full Voluntary Prepayments									-26,~~108~~692,~~283~~516.6045		-38,~~108~~409,~~156~~821.5729		-515,~~216~~102,~~440~~337.1774
Repurchases									-0.00		-0.00		-0.00
Liquidations									-0.00		-0.00		-0.00
Current									~~301~~289,~~036~~830,~~963~~156.1875		~~708~~685,~~392~~976,~~676~~407.3828		1975,~~009~~806,~~429,639~~564.5603
PREFUNDING
SPACE INTENTIONALLY LEFT BLANK
Page 7 of 24
Page 7 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
CHARACTERISTICS
									Group 2		Group 1		Total
Weighted Average Coupon Original									6.49847%		6.74976%		6.67470%
Weighted Average Coupon Prior									6.~~49847~~49698%		6.~~74976~~74823%		6.~~67470~~67327%
Weighted Average Coupon Current									6.~~49847~~49200%		6.~~74976~~74085%		6.~~67470~~66639%
Weighted Average Months to Maturity Original									357		354		355
Weighted Average Months to Maturity Prior									~~357~~354		~~354~~352		~~355~~353
Weighted Average Months to Maturity Current									~~357~~354		~~354~~351		~~355~~352
Weighted Avg Remaining Amortization Term Original									357		354		355
Weighted Avg Remaining Amortization Term Prior									~~357~~354		~~354~~352		~~355~~353
Weighted Avg Remaining Amortization Term Current									~~357~~354		~~354~~351		~~355~~352
Weighted Average Seasoning Original									2.18		2.23		2.21
Weighted Average Seasoning Prior									24.18		24.23		24.21
Weighted Average Seasoning Current									25.18		25.2322		25.21
Page 8 of 24
Page 8 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
ARM CHARACTERISTICS
									Group 2		Group 1		Total
Weighted Average Margin Original									4.97570%		5.04566%		5.02385%
Weighted Average Margin Prior									4.~~97570~~97919%		5.~~04566~~04722%		5.~~02385~~02605%
Weighted Average Margin Current									4.~~97570~~97817%		5.~~04566~~04614%		5.~~02385~~02493%
Weighted Average Max Rate Original									12.46413%		12.71270%		12.63522%
Weighted Average Max Rate Prior									12.~~46413~~46193%		12.~~71270~~71043%		12.~~63522~~63309%
Weighted Average Max Rate Current									12.~~46413~~45582%		12.~~71270~~70273%		12.~~63522~~62566%
Weighted Average Min Rate Original									6.46285%		6.70892%		6.63222%
Weighted Average Min Rate Prior									6.~~46285~~46062%		6.~~70892~~70661%		6.~~63222~~63005%
Weighted Average Min Rate Current									6.~~46285~~45451%		6.~~70892~~69886%		6.~~63222~~62259%
Weighted Average Cap Up Original									1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Prior									1.00000%		1.00000%		1.00000%
Weighted Average Cap Up Current									1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Original									1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Prior									1.00000%		1.00000%		1.00000%
Weighted Average Cap Down Current									1.00000%		1.00000%		1.00000%
SERVICING FEES & ADVANCES
										Group 2		Group 1		Total
Current Servicing Fees									~~104~~91,~~448~~825.7522		~~248~~218,~~301~~314.5391		~~352~~310,~~750~~140.2812
Delinquent Servicing Fees									2131,~~926~~785.3390		4871,~~409~~223.6739		70103,~~336~~009.0129
TOTAL SERVICING FEES									~~126~~123,~~375~~611.0812		~~296~~289,~~711~~538.2130		~~423~~413,~~086~~149.3042
Total Servicing Fees									~~126~~123,~~375~~611.0812		~~296~~289,~~711~~538.2130		~~423~~413,~~086~~149.3042
Compensating Interest									-015,061.0082		-~~577~~22,571.1147		-~~577~~37,633.1129
Delinquent Servicing Fees									-2131,~~926~~785.3390		-4871,~~409~~223.6739		-70103,~~336~~009.0129
COLLECTED SERVICING FEES									~~104~~91,~~448~~825.7522		~~248~~218,~~301~~314.5391		~~352~~272,~~173~~506.1884
Total Advanced Interest									~~279~~398,~~900~~854.2903		~~646~~936,~~223~~579.5481		~~926~~1,~~123~~335,433.83
Total Advanced Principal									2840,~~909~~977.6439		75112,~~188~~290.6196		~~104~~153,~~098~~268.2535
Aggregate Advances with respect to this Distribution									~~308~~439,~~809~~831.9342		~~721~~1,~~412~~048,870.1577		1,~~030~~488,~~222~~702.0818
ADDITIONAL COLLATERAL INFORMATION
									Group 2		Group 1		Total
Prepayment Interest Shortfall (PPIS)									015,061.0082		~~577~~22,571.1147		~~577~~37,633.1129
Compensating Interest									-015,061.0082		-~~577~~22,571.1147		-~~577~~37,633.1129
Net Prepayment Interest Shortfall (PPIS)									0.00		0.00		0.00
Ending Pool Stated Principal Balance									~~301~~289,~~036~~830,~~963~~156.1875		~~708~~685,~~392~~976,~~676~~407.3828		1975,~~009~~806,~~429,639~~564.5603
Weighted Average Net Mortgage Rate									5.~~780255~~771267%		5.~~964549~~959290%		5.~~909500~~903035%
Page 9 of 24
Page 9 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Delinquency Report
	TOTAL
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			598,~~076~~009,630.3444		04,136,585.0082		0181,782.0038		5912,~~076~~327,998.3464
			% Balance			0.0182%		0.0042%		0.0002%		01.0126%
			# Loans			146		022		01		169
			% # Loans			0.0294%		0.0045%		0.0002%		01.0241%
	FORECLOSURE		Balance		0.00	0.00		0216,507.0065		0121,495.0051		0338,003.0016
			% Balance		0.00%	0.00%		0.0002%		0.0001%		0.0003%
			# Loans		0	0		02		01		03
			% # Loans		0.00%	0.00%		0.0004%		0.0002%		0.0006%
	BANKRUPTCY		Balance		372,~~490~~278,232.9480	0507,457.0071		0.00		0.00		372,~~490~~785,690.9451
			% Balance		0.0023%	0.0005%		0.00%		0.00%		0.0029%
			# Loans		112	03		0		0		115
			% # Loans		0.0225%	0.0006%		0.00%		0.00%		0.0231%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		372,~~490~~278,232.9480	598,~~076~~517,088.3415		04,353,093.0047		0303,277.0089		9615,~~567~~451,692.2831
			% Balance		0.0023%	0.0187%		0.0045%		0.0003%		01.0158%
			# Loans		112	149		024		02		287
			% # Loans		0.0225%	01.0200%		0.0049%		0.0004%		01.0478%
Page 10 of 24
Page 10 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
	GROUP 1
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			596,~~076~~993,439.3440		02,363,413.0028		0181,782.0038		599,~~076~~538,635.3406
			% Balance			01.0102%		0.0034%		0.0003%		01.0139%
			# Loans			143		017		01		161
			% # Loans			01.02%		0.0040%		0.0002%		01.0245%
	FORECLOSURE		Balance		0.00	0.00		0146,668.0048		0121,495.0051		0268,163.0099
			% Balance		0.00%	0.00%		0.0002%		0.0002%		0.0004%
			# Loans		0	0		01		01		02
			% # Loans		0.00%	0.00%		0.0002%		0.0002%		0.0005%
	BANKRUPTCY		Balance		371,~~490~~177,106.9491	0507,457.0071		0.00		0.00		371,~~490~~684,564.9462
			% Balance		0.0117%	0.0007%		0.00%		0.00%		0.0125%
			# Loans		110	03		0		0		113
			% # Loans		0.0224%	0.0007%		0.00%		0.00%		0.0231%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		371,~~490~~177,106.9491	597,~~076~~500,897.3411		02,510,081.0076		0303,277.0089		9611,~~567~~491,363.2867
			% Balance		0.0117%	01.0109%		0.0037%		0.0004%		01.0168%
			# Loans		110	146		018		02		276
			% # Loans		0.0224%	01.0209%		0.0043%		0.0005%		01.0580%
Page 11 of 24
Page 11 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
	GROUP 2
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			01,016,191.0004		01,773,172.0054		0.00		02,789,363.0058
			% Balance			0.0035%		0.0061%		0.00%		0.0096%
			# Loans			03		05		0		08
			% # Loans			0.0044%		0.0074%		0.00%		01.0018%
	FORECLOSURE		Balance		0.00	0.00		069,839.0017		0.00		069,839.0017
			% Balance		0.00%	0.00%		0.0002%		0.00%		0.0002%
			# Loans		0	0		01		0		01
			% # Loans		0.00%	0.00%		0.0015%		0.00%		0.0015%
	BANKRUPTCY		Balance		01,101,125.0089	0.00		0.00		0.00		01,101,125.0089
			% Balance		0.0038%	0.00%		0.00%		0.00%		0.0038%
			# Loans		02	0		0		0		02
			% # Loans		0.0030%	0.00%		0.00%		0.00%		0.0030%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		01,101,125.0089	01,016,191.0004		01,843,011.0071		0.00		03,960,328.0064
			% Balance		0.0038%	0.0035%		0.0064%		0.00%		01.0037%
			# Loans		02	03		06		0		011
			% # Loans		0.0030%	0.0044%		0.0089%		0.00%		01.0062%
Page 12 of 24
Page 12 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
REO Report
Loan Number			Original		Stated			Current		State &
													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 13 of 24
Page 13 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated			Current		State &
													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment
Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date
TOTAL
6251480 1
Page 14 of 24
			122,000.00		121,495.51	01-Jul-2004		7.950%		FL - 100.00%		360		01-Jul-2004
6266914 1			147,200.00		146,668.48	01-Aug-2004		7.700%		MI - 80.00%		360		01-Aug-2004
6266129 2			70,000.00		69,839.17	01-Aug-2004		9.900%		NC - 100.00%		360		01-Aug-2004
TOTAL			339,200.00		338,003.16
Page 14 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Prepayment Report
VOLUNTARY PREPAYMENTS
										Group 2		Group 1		Total
Current
Number of Paid in Full Loans									414		1748		2162
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									414		1748		2162
Curtailments Amount									112,~~259~~073.7684		~~124~~29,~~777~~359.0117		~~136~~31,~~036~~433.7701
Paid in Full Balance									26,~~108~~692,~~283~~516.6045		38,~~108~~409,~~156~~821.5729		515,~~216~~102,~~440~~337.1774
Repurchased Loans Balance									0.00		0.00		0.00
Total Prepayment Amount									26,~~119~~694,~~543~~590.3629		38,~~232~~439,~~933~~180.5846		515,~~352~~133,~~476~~770.9475
Cumulative
Number of Paid in Full Loans									426		17121		21147
Number of Repurchased Loans									0		08		08
Total Number of Loans Prepaid in Full									426		17129		21155
Paid in Full Balance									212,~~108~~566,~~283~~646.6079		322,~~108~~707,~~156~~244.5745		535,~~216~~273,~~440~~891.1724
Repurchased Loans Balance									0.00		01,293,490.0032		01,293,490.0032
Curtailments Amount									11330,~~259~~304.7632		~~124~~210,~~777~~492.0187		~~136~~540,~~036~~797.7719
Total Prepayment Amount									212,~~119~~896,~~543~~951.3611		324,~~232~~211,~~933~~227.5864		537,~~352~~108,~~476~~178.9475
Page 15 of 24
Page 15 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
VOLUNTARY PREPAYMENTS RATES
										Group 2		Group 1		Total
SMM									02.7026%		01.4522%		01.53%
3 Months Avg SMM									01.7021%		01.4500%		01.5306%
12 Months Avg SMM									01.7008%		0.4586%		0.5393%
Avg SMM Since Cut-off									01.7008%		0.4586%		0.5393%
CPR									823.0797%		513.3265%		616.1586%
3 Months Avg CPR									813.0758%		511.3235%		612.1502%
12 Months Avg CPR									812.0724%		59.3288%		610.1559%
Avg CPR Since Cut-off									812.0724%		59.3288%		610.1559%
PSA									12,~~851~~314.3066%		1,~~193~~306.6420%		1,~~388~~618.9626%
3 Months Avg PSA Approximation									1,~~851~~624.3088%		1,~~193~~342.6348%		1,~~388~~426.9663%
12 Months Avg PSA Approximation									1,~~851~~662.3074%		1,~~193~~325.6319%		1,~~388~~425.9678%
Avg PSA Since Cut-off Approximation									1,~~851~~662.3074%		1,~~193~~325.6319%		1,~~388~~425.9678%
Page 16 of 24
Page 16 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
PREPAYMENT CALCULATION METHODOLOGY
	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)
	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...*(1-SMMm)]^(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)
	Weighted Average Seasoning (WAS)
	Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
	Dates correspond to distribution dates.
Page 17 of 24
Page 17 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date
6248938 1			41,800.00		41,766.07		31-Aug-2004		7.050%		TN - 64.31%		Paid Off - 360		01-Aug-2004
6242328 1			79,200.00		78,272.76		24-Nov-2004		6.990%		IL - 88.00%		Paid Off - 360		7/1/2004
6249233 1			200,000.00		199,761.75		26-Aug-2004		8.600%		CA - 50.00%		Paid Off - 360		01-Jul-2004
6246644 1			189,200.00		188,038.83		10-Nov-2004		6.150%		CA - 86.00%		Paid Off - 360		7/1/2004
6249875 2			859,950.00		859,950.00		31-Aug-2004		5.875%		CA - 70.00%		Paid Off - 360		01-Aug-2004
6246735 1			288,000.00		286,306.10		24-Nov-2004		6.150%		CA - 90.00%		Paid Off - 360		6/1/2004
6252715 1			151,200.00		151,084.37		31-Aug-2004		7.350%		CA - 90.00%		Paid Off - 360		01-Aug-2004
6247003 1			150,000.00		149,436.39		26-Nov-2004		7.500%		MA - 75.00%		Paid Off - 360		7/1/2004
6253794 1			221,000.00		220,575.45		30-Aug-2004		6.200%		CA - 85.00%		Paid Off - 360		01-Jul-2004
6247384 1			261,250.00		259,997.61		22-Nov-2004		6.250%		MD - 95.00%		Paid Off - 360		7/1/2004
6254025 1			178,000.00		178,000.00		26-Aug-2004		6.925%		MD - 89.90%		Paid Off - 360		01-Aug-2004
6249863 1			59,800.00		59,722.43		02-Nov-2004		11.500%		LA - 65.00%		Paid Off - 360		8/1/2004
6255105 2			369,000.00		368,739.56		31-Aug-2004		7.750%		IL - 90.00%		Paid Off - 360		01-Aug-2004
6249977 1			290,000.00		288,471.48		19-Nov-2004		5.750%		CA - 79.02%		Paid Off - 360		7/1/2004
6256331 2			461,000.00		459,915.23		31-Aug-2004		5.125%		CA - 74.96%		Paid Off - 360		01-Jul-2004
6251663 2			712,500.00		712,500.00		30-Nov-2004		6.450%		CA - 75.00%		Paid Off - 360		8/1/2004
6257989 1			129,200.00		129,102.17		31-Aug-2004		7.400%		RI - 79.75%		Paid Off - 360		01-Aug-2004
6252224 1			213,656.00		213,656.00		19-Nov-2004		6.350%		CA - 80.00%		Paid Off - 360		7/1/2004
6258822 1			131,700.00		131,597.26		31-Aug-2004		7.250%		FL - 80.00%		Paid Off - 360		01-Aug-2004
6252430 1			256,500.00		255,404.45		24-Nov-2004		7.350%		NJ - 90.00%		Paid Off - 360		8/1/2004
6259642 2			420,000.00		419,678.81		31-Aug-2004		7.350%		CA - 71.19%		Paid Off - 360		01-Aug-2004
6252596 1			268,000.00		266,620.32		01-Nov-2004		5.875%		NY - 74.44%		Paid Off - 360		7/1/2004
6260407 1			108,000.00		107,826.08		31-Aug-2004		6.875%		NJ - 51.43%		Paid Off - 360		01-Aug-2004
6253134 1			217,800.00		217,215.29		08-Nov-2004		8.050%		NJ - 90.00%		Paid Off - 360		8/1/2004
6260468 1			40,000.00		39,981.33		31-Aug-2004		9.750%		TX - 100.00%		Paid Off - 360		01-Aug-2004
6253834 2			568,000.00		565,478.69		22-Nov-2004		6.650%		CA - 80.00%		Paid Off - 360		7/1/2004
6260487 1			191,984.00		191,732.29		27-Aug-2004		6.300%		NV - 80.00%		Paid Off - 360		01-Aug-2004
6254063 1			90,000.00		89,758.47		22-Nov-2004		8.050%		UT - 90.00%		Paid Off - 360		8/1/2004
6264385 1			308,000.00		307,704.93		31-Aug-2004		6.200%		CA - 55.20%		Paid Off - 360		01-Aug-2004
6254438 1			120,000.00		119,239.10		05-Nov-2004		4.750%		CA - 72.73%		Paid Off - 360		7/1/2004
6265107 1			136,500.00		136,436.31		30-Aug-2004		9.750%		IL - 65.00%		Paid Off - 360		01-Aug-2004
6254759 1			58,120.00		57,920.40		17-Nov-2004		7.950%		CO - 79.18%		Paid Off - 360		7/1/2004
6266629 1			232,000.00		231,779.86		31-Aug-2004		6.250%		GA - 80.00%		Paid Off - 360		01-Aug-2004
6254876 1			140,250.00		139,723.02		01-Nov-2004		7.500%		TN - 85.00%		Paid Off - 360		7/1/2004
6269594 1			292,500.00		292,235.58		31-Aug-2004		6.500%		MD - 90.00%		Paid Off - 360		01-Aug-2004
6255684 1			52,500.00		52,401.84		17-Nov-2004		9.800%		TX - 70.00%		Paid Off - 360		8/1/2004
6270439 1			367,650.00		367,393.12		31-Aug-2004		7.800%		AK - 94.88%		Paid Off - 360		01-Aug-2004
6255979 1			168,000.00		167,088.14		22-Nov-2004		7.075%		CA - 80.00%		Paid Off - 360		7/1/2004
6270665 1			216,750.00		216,750.00		31-Aug-2004		7.250%		CO - 85.00%		Paid Off - 360		01-Aug-2004
6256709 1			215,200.00		215,200.00		08-Nov-2004		6.500%		CA - 80.00%		Paid Off - 360		7/1/2004
6272678 1			164,430.00		164,430.00		31-Aug-2004		5.775%		CO - 70.00%		Paid Off - 360		01-Aug-2004
6256802 1			88,000.00		87,705.30		01-Nov-2004		8.075%		VA - 80.00%		Paid Off - 360		7/1/2004
TOTAL			5,220,664.00		5,216,440.17
6256980 2			401,600.00		399,542.33		19-Nov-2004		5.900%		CA - 80.00%		Paid Off - 360		7/1/2004
Page 18 of 24
6257023 1			105,375.00		105,132.31		08-Nov-2004		8.800%		MD - 75.00%		Paid Off - 360		8/1/2004
6257184 2			379,050.00		377,786.96		19-Nov-2004		8.100%		CA - 95.00%		Paid Off - 360		7/1/2004
6257273 1			258,750.00		258,750.00		23-Nov-2004		7.600%		CA - 90.00%		Paid Off - 360		8/1/2004
6257458 1			274,500.00		273,527.91		26-Nov-2004		6.650%		NJ - 90.00%		Paid Off - 360		8/1/2004
6257983 2			504,000.00		501,805.75		01-Nov-2004		6.750%		CO - 86.90%		Paid Off - 360		7/1/2004
6258138 1			134,500.00		134,136.47		12-Nov-2004		8.025%		IL - 77.30%		Paid Off - 360		8/1/2004
6259279 1			80,000.00		79,651.70		03-Nov-2004		6.750%		CA - 80.00%		Paid Off - 360		7/1/2004
6259567 1			124,800.00		124,387.20		17-Nov-2004		7.000%		WA - 80.00%		Paid Off - 360		8/1/2004
6259936 1			188,000.00		187,347.03		23-Nov-2004		6.750%		CA - 80.00%		Paid Off - 360		8/1/2004
6260000 1			108,500.00		108,211.72		22-Nov-2004		8.100%		GA - 70.00%		Paid Off - 360		8/1/2004
6260006 1			35,000.00		34,889.76		03-Nov-2004		7.250%		FL - 28.69%		Paid Off - 360		8/1/2004
6260096 1			157,250.00		156,636.86		01-Nov-2004		6.150%		CT - 85.00%		Paid Off - 360		8/1/2004
6260747 1			315,000.00		313,489.92		04-Nov-2004		6.250%		CA - 90.00%		Paid Off - 360		7/1/2004
6260979 1			256,500.00		255,741.10		15-Nov-2004		7.700%		WA - 95.00%		Paid Off - 360		8/1/2004
6261251 1			99,750.00		99,484.98		26-Nov-2004		8.100%		WA - 100.00%		Paid Off - 360		8/1/2004
Page 18 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment
Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date
6261596 1			292,000.00		291,373.60		12-Nov-2004		9.150%		CA - 80.00%		Paid Off - 360		8/1/2004
6261613 2			451,250.00		449,304.39		30-Nov-2004		6.800%		IL - 95.00%		Paid Off - 360		7/1/2004
6262333 2			452,000.00		452,000.00		03-Nov-2004		5.600%		CA - 80.00%		Paid Off - 360		8/1/2004
6262852 1			197,600.00		196,977.79		16-Nov-2004		7.250%		TX - 80.00%		Paid Off - 360		8/1/2004
6262855 2			536,000.00		536,000.00		04-Nov-2004		6.100%		CO - 80.00%		Paid Off - 360		8/1/2004
6263245 2			400,000.00		398,777.34		30-Nov-2004		7.400%		CA - 79.60%		Paid Off - 360		8/1/2004
6263344 2			425,600.00		425,600.00		15-Nov-2004		6.100%		CA - 80.00%		Paid Off - 360		8/1/2004
6263565 1			152,000.00		151,551.25		30-Nov-2004		7.575%		WA - 80.00%		Paid Off - 360		8/1/2004
6263680 1			116,800.00		116,413.64		17-Nov-2004		7.000%		WA - 80.00%		Paid Off - 360		8/1/2004
6264400 2			554,000.00		554,000.00		30-Nov-2004		5.650%		CA - 59.83%		Paid Off - 360		8/1/2004
6264475 1			225,000.00		224,147.55		17-Nov-2004		6.300%		MA - 31.03%		Paid Off - 360		8/1/2004
6264603 1			208,000.00		207,382.88		22-Nov-2004		7.550%		IL - 94.97%		Paid Off - 360		8/1/2004
6264692 1			69,700.00		69,482.65		01-Nov-2004		7.300%		MI - 85.00%		Paid Off - 360		8/1/2004
6264977 1			201,150.00		200,559.13		18-Nov-2004		7.600%		NJ - 90.00%		Paid Off - 360		8/1/2004
6265513 2			433,500.00		433,500.00		01-Nov-2004		7.450%		CA - 85.00%		Paid Off - 360		8/1/2004
6265641 1			337,500.00		337,500.00		30-Nov-2004		6.250%		IL - 90.00%		Paid Off - 360		8/1/2004
6265884 1			250,400.00		250,400.00		10-Nov-2004		7.000%		MD - 80.00%		Paid Off - 360		8/1/2004
6265917 2			504,000.00		504,000.00		24-Nov-2004		7.990%		IL - 80.00%		Paid Off - 360		8/1/2004
6266052 1			29,250.00		29,164.81		17-Nov-2004		7.850%		IL - 90.00%		Paid Off - 360		8/1/2004
6268571 1			93,600.00		93,319.51		24-Nov-2004		7.500%		FL - 90.00%		Paid Off - 360		8/1/2004
6268759 1			304,000.00		304,000.00		19-Nov-2004		6.850%		CA - 80.00%		Paid Off - 360		8/1/2004
6268857 2			383,250.00		382,220.99		16-Nov-2004		8.050%		CA - 75.00%		Paid Off - 360		8/1/2004
6269885 1			225,000.00		224,305.39		24-Nov-2004		7.350%		CA - 90.00%		Paid Off - 360		8/1/2004
6271252 1			240,000.00		239,081.93		08-Nov-2004		6.250%		GA - 75.00%		Paid Off - 360		8/1/2004
6272955 1			151,200.00		150,596.27		09-Nov-2004		6.025%		CA - 80.00%		Paid Off - 360		8/1/2004
TOTAL			15,141,351.00		15,102,337.74
Page 19 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
2004-5
December 27, 2004 Distribution
Realized Loss Report
COLLATERAL REALIZED LOSSES
										Group 2		Group 1		Total
Current
Number of Loans Liquidated									0		0		0
Collateral Principal Realized Loss/(Gain) Amount									0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount									0.00		0.00		0.00
Net Liquidation Proceeds									0.00		0.00		0.00
Cumulative
Number of Loans Liquidated									0		0		0
Collateral Realized Loss/(Gain) Amount									0.00		0.00		0.00
Net Liquidation Proceeds									0.00		0.00		0.00
Page 19 of 24
Page 20 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
DEFAULT SPEEDS
										Group 2		Group 1		Total
MDR									0.00%		0.00%		0.00%
3 Months Avg MDR									0.00%		0.00%		0.00%
12 Months Avg MDR									0.00%		0.00%		0.00%
Avg MDR Since Cut-off									0.00%		0.00%		0.00%
CDR									0.00%		0.00%		0.00%
3 Months Avg CDR									0.00%		0.00%		0.00%
12 Months Avg CDR									0.00%		0.00%		0.00%
Avg CDR Since Cut-off									0.00%		0.00%		0.00%
SDA									0.00%		0.00%		0.00%
3 Months Avg SDA Approximation									0.00%		0.00%		0.00%
12 Months Avg SDA Approximation									0.00%		0.00%		0.00%
Avg SDA Since Cut-off Approximation									0.00%		0.00%		0.00%
Loss Severity Approximation for Current Period									0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation									0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation									0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off									0.00%		0.00%		0.00%
Page 20 of 24
Page 21 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
	Conditional Default Rate (CDR): 1-((1-MDR)^12)
	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.
Page 21 of 24
Page 22 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			~~Original~~Current		~~Prior~~State &			~~Current~~Prior		~~State &~~Realized				Cumulative
													First
&		Loan	Note		LTV at	Original		Principal		Loss/(Gain)		Realized		Realized
&			Principal		Principal	Realized		Note		LTV at		Original		Payment
Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group			Balance		Balance	Loss/(Gain)		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
TOTAL
Page 22 of 24
Page 23 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
									Group 2		Group 1		Total
Does a Trigger Event Exist? (0=No,1=Yes)													0
Has a Stepdown Date Occurred? (0=No,1=Yes)													0
60+ Day Delinquency Balance (includes all REO and FC)													4,656,371.36
Beginning Stated Principal Balance													991,558,598.90
Delinquency Percentage													0.469601%
Offered Subordinate and C Class Certificate Balances													154,852,035.46
Beginning Stated Principal Balance													991,558,598.90
Senior Enhancement Percentage													15.617033%
ADJUSTABLE RATE CERTIFICATE INFORMATION
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION
									Group 2		Group 1		Total
Current LIBOR Rate													12.60180000%
Next LIBOR Rate													12.84417500%
Current PMI Policy Payments Received													0.00
Aggregate PMI Policy Payments Received													0.00
Current PMI Policy Payments Denied													0.00
Aggregate PMI Policy Payments Denied													0.00
Class B-2 Early Distribution Amount													0.00
Aggregate Class B-2 Early Distribution Amounts													0.00
Page 23 of 24
Page 24 of 25
Long Beach Mortgage Loan Trust 2004-5
Mortgage Pass-Through Certificates
REMIC 2004-5
2004-5
September 27, 2004 Distribution
December 27, 2004 Distribution
Additional Certificate Report
ADDITIONAL CERTIFICATE REPORT
												Next PTR		CarryOver Amts Paid
CLASS
			A-1									2.1674%		0.00
			A-2									12.9957%		0.00
			A-3									2.1472%		0.00
			A-4									2.3492%		0.00
			A-5									2.4098%		0.00
			A-6									23.4200%		0.00
			M-1									23.4907%		0.00
			M-2									23.9957%		0.00
			M-3									3.3492%		0.00
			M-4									34.6422%		0.00
			M-5									34.7937%		0.00
			M-6									4.3492%		0.00
			M-7									4.3492%		0.00
			B-1									5.00%		0.00
			B-2									5.00%		0.00
			C									0.00%		0.00
			P									0.00%		0.00
			R									0.00%		0.00
			R-CX									0.00%		0.00
			R-PX									0.00%		0.00
Page 24 of 24
Page 25 of 25

Filing Compare · Long Beach Mortgage Loan Trust 2004-5, Asset-Backed Certs., Series 2004-5