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): ~~June~~July 2625, 2006 (Date of earliest event reported) Indymac MBS Inc (as Depositor under the Pooling and Servicing Agreement, dated as June 1, 2004, providing for the issuance of Residential Asset Securitization Trust Series 2004-A5 Mortgage Pass-Through Certificates, Series 2004-E) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-116470-04 95-4791925 (Commission File Number) (I.R.S. Employer Identification No.) 155 NORTH LAKE AVENUE PASADENA, CALIFORNIA 91101 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (800) 669-2300 (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 ~~June~~July 2625, 2006. 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 Indymac MBS Inc, Registrant Date: ~~Jun~~Aug 2901, 2006 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~June~~July 2625, 2006.

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

June 26, 2006 Distribution

July 25, 2006 Distribution

Contents

TABLE OF CONTENTS

Page

Contents

Certificate Payment Report

Collection Account Report

Credit Enhancement Report

Collateral Report

Delinquency Report

REO Report

Prepayment Report

Prepayment Detail Report

10.

Realized Loss Report

11.

Realized Loss Detail Report

12.

Triggers, Adj. Rate Cert. and Miscellaneous Report

13.

Other Related Information

14.

Additional Certificate Report

Total Number of Pages

CONTACTS

Administrator: Aaron Masters

Direct Phone Number: (714)247-6266

Address: Deutsche Bank

1761 E. St. Andrew Place, Santa Ana, CA 92705

Web Site: https://www.tss.db.com/invr

Factor Information: (800) 735-7777

Main Phone Number: (714) 247-6000

ISSUANCE INFORMATION

Seller:

IndyMac Bank

Cut-Off Date: June 1, 2004

Certificate Insurer(s):

Closing Date: June 28, 2004

First Payment Date: July 26, 2004

Servicer(s):

IndyMac Bank Master Servicer

Distribution Date: June 26, 2006

Distribution Date: July 25, 2006

Underwriter(s):

Residential Funding Corporation Underwriter

Record Date: ~~May~~June 3130, 2006

Bear Stearns & Co. Underwriter

Page 1 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

REMIC Series 2004-A5

Certificate Payment Report for June 26, 2006 Distribution

Certificate Payment Report for July 25, 2006 Distribution

Distribution in Dollars - Current Period

Prior

Current

Class

Original

Principal

Total

Realized

Deferred

Principal

Class

Type

Face Value

Balance

Interest

Principal

Distribution

Losses

Interest

Balance

(1)

(2)

(3)

(4)=(2)+(3)

(5)

(6)

(7)=(1)-(3)-(5)+(6)

A-1

SEQ,AS

190,270,000.00

~~125~~122,~~342~~886,~~685~~051.4177

~~574~~563,~~487~~227.3174

21,~~456~~267,~~633~~570.6450

31,~~031~~830,~~120~~798.9524

~~122~~121,~~886~~618,~~051~~481.7727

PO,RSTP

2,772,089.00

21,~~048~~996,~~041~~949.4113

513,~~092~~512.2884

1,~~996~~993,~~949~~436.1329

A-X

IO,NTL

6,~~325~~234.0887

A-R

R,AS

100.00

B-1

SUB,NAS

4,548,000.00

4,~~429~~424,~~790~~514.1808

20,~~303~~279.2002

5,~~276~~515.1034

25,~~579~~794.3036

4,~~424~~418,~~514~~998.0874

B-2

SUB,NAS

2,021,500.00

1,~~968~~966,~~957~~612.9784

9,~~024~~013.3964

2,~~345~~451.1347

11,~~369~~465.5211

1,~~966~~964,~~612~~161.8437

B-3

SUB,NAS

606,500.00

590,~~736~~032.0949

2,~~707~~704.5432

~~703~~735.6050

3,~~411~~439.1482

~~590~~589,~~032~~296.4999

B-4

SUB,NAS

808,500.00

~~787~~786,~~485~~547.7885

3,~~609~~605.3101

~~937~~980.9347

4,~~547~~585.2448

~~786~~785,~~547~~567.8538

B-5

SUB,NAS

606,400.00

~~590~~589,~~638~~935.6820

2,~~707~~703.0987

~~703~~735.4838

3,~~410~~439.5725

589,~~935~~199.2082

B-6

SUB,NAS

505,500.66

~~423~~422,~~406~~902.6333

1,~~940~~938.6130

~~504~~527.3015

2,~~444~~465.9145

-(325.00)

422,~~902~~700.3318

SUB

100.00

Total

202,138,689.66

~~136~~133,~~181~~663,~~842~~645.1569

~~621~~609,~~104~~706.5377

21,~~518~~282,~~196~~028.4665

31,~~139~~891,~~300~~735.9942

-(325.00)

~~133~~132,~~663~~381,~~645~~942.6904

Interest payments to Class PO represent payments of the Class PO Deferred Amount

Interest Accrual Detail

Current Period Factor Information per $1,000 of Original Face

Orig. Principal

Prior

Current

Period

(with Notional)

Principal

Total

Principal

Class

Starting

Ending

Method

Cusip

Balance

Interest

Principal

Distribution

Balance

(1)

(2)

(3)

(4)=(2)+(3)

(5)

A-1

0506/25/06

0607/24/06

F-30/360

45660NM93

190,270,000.00

~~658~~645.~~762208~~850905

32.~~019327~~960150

126.~~911303~~661957

159.~~930630~~622107

~~645~~639.~~850905~~188949

0506/25/06

0607/24/06

A-30/360

45660NN27

2,772,089.00

~~738~~720.~~807957~~376990

181.~~430967~~267218

~~720~~719.~~376990~~109772

A-X

0506/25/06

0607/24/06

A-30/360

45660NN35

105,962,502.00

~~652~~643.~~702898~~017458

0.~~059692~~058840

~~643~~634.~~017458~~885646

A-R

0506/25/06

0607/24/06

F-30/360

45660NN43

100.00

B-1

0506/25/06

0607/24/06

F-30/360

45660NN50

4,548,000.00

~~974~~972.~~008395~~848303

4.~~464204~~458887

1.~~160092~~212696

5.~~624296~~671583

~~972~~971.~~848303~~635607

B-2

0506/25/06

0607/24/06

F-30/360

45660NN68

2,021,500.00

~~974~~972.~~008395~~848301

4.~~464205~~458887

1.~~160094~~212698

5.~~624299~~671585

~~972~~971.~~848301~~635602

B-3

0506/25/06

0607/24/06

F-30/360

45660NN76

606,500.00

~~974~~972.~~008392~~848293

4.~~464204~~458895

1.~~160099~~212696

5.~~624303~~671591

~~972~~971.~~848293~~635598

B-4

0506/25/06

0607/24/06

F-30/360

45660NP74

808,500.00

~~974~~972.~~008386~~848299

4.~~464205~~458887

1.~~160087~~212703

5.~~624292~~671589

~~972~~971.~~848299~~635597

B-5

0506/25/06

0607/24/06

F-30/360

45660NP82

606,400.00

~~974~~972.~~008377~~848285

4.~~464199~~458889

1.~~160092~~212698

5.~~624291~~671586

~~972~~971.~~848285~~635587

B-6

0506/25/06

0607/24/06

F-30/360

45660NP90

505,500.66

~~837~~836.~~598570~~600945

3.~~838986~~834416

01.~~997625~~042828

4.~~836611~~877244

836.~~600945~~201045

0506/25/06

0607/24/06

A-30/360

100.00

1,000.000000

Page 2 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

REMIC Series 2004-A5

Certificate Payment Report for June 26, 2006 Distribution

Certificate Payment Report for July 25, 2006 Distribution

Distribution in Dollars - to Date

Current

Original

Unscheduled

Scheduled

Total

Realized

Deferred

Principal

Class

Face Value

Interest

Principal

Distribution

Losses

Interest

Balance

(1)

(2)

(3)

(4)

(5)=(3)+(4)

(6)=(2)+(5)

(7)

(8)

(9)=(1)-(5)-(7)+(8)

A-1

190,270,000.00

1718,~~516~~079,~~407~~635.9165

6264,~~899~~004,~~120~~215.3516

4,~~484~~647,~~827~~303.8857

6768,~~383~~651,~~948~~518.2373

8486,~~900~~731,~~356~~154.1438

~~122~~121,~~886~~618,~~051~~481.7727

2,772,089.00

~~723~~726,~~347~~410.4401

5152,~~792~~242.4370

~~775~~778,~~139~~652.8771

1,~~996~~993,~~949~~436.1329

A-X

~~188~~194,~~290~~525.5239

A-R

100.00

0.46

82.71

17.29

100.00

100.46

B-1

4,548,000.00

~~494~~514,~~056~~335.4749

~~113~~118,~~844~~653.6908

910,~~641~~348.2318

~~123~~129,~~485~~001.9226

~~617~~643,~~542~~336.3975

4,~~424~~418,~~514~~998.0874

B-2

2,021,500.00

~~219~~228,~~598~~612.7741

5052,~~601~~739.8307

4,~~285~~599.3356

5457,~~887~~338.1663

~~274~~285,~~485~~951.9304

1,~~966~~964,~~612~~161.8437

B-3

606,500.00

6568,~~885~~589.0436

15,~~181~~823.8002

1,~~285~~379.7199

1617,~~467~~203.5101

8285,~~352~~792.5537

~~590~~589,~~032~~296.4999

B-4

808,500.00

8791,~~828~~433.6364

2021,~~238~~093.2100

1,~~713~~839.9462

2122,~~952~~932.1562

~~109~~114,~~780~~366.7826

~~786~~785,~~547~~567.8538

B-5

606,400.00

6568,~~874~~578.2007

15,~~179~~820.3143

1,~~285~~379.4975

1617,~~464~~200.8018

8285,~~339~~778.0025

589,~~935~~199.2082

B-6

505,500.66

5355,~~964~~902.1040

12,~~424~~883.0058

1,~~054~~122.9653

1314,~~478~~006.9611

6769,~~443~~908.0651

6968,~~119~~794.37

422,~~902~~700.3318

100.00

57,680.00

100.00

Total

202,138,689.66

1819,~~749~~359,~~586~~292.1087

6364,~~850~~967,~~020~~720.3406

4,~~555~~720,~~904~~233.2619

6869,~~405~~687,~~924~~953.6025

8789,~~155~~047,~~510~~246.7012

6968,~~119~~794.37

~~133~~132,~~663~~381,~~645~~942.6904

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

Adjustments

Interest

(1)

(2)

(3)

(4)

(5)=(1)-(2)+(3)+(4)

(6)

(7)=(5)-(6)

A-1

5.50000%

~~125~~122,~~342~~886,~~685~~051.4177

~~574~~563,~~487~~227.3174

21,~~048~~996,~~041~~949.4113

A-X

0.~~10974~~10981%

6968,~~162~~135,~~032~~738.1270

6,~~325~~234.0887

A-R

5.50000%

B-1

5.50000%

4,~~429~~424,~~790~~514.1808

20,~~303~~279.2002

B-2

5.50000%

1,~~968~~966,~~957~~612.9784

9,~~024~~013.3964

B-3

5.50000%

590,~~736~~032.0949

2,~~707~~704.5432

B-4

5.50000%

~~787~~786,~~485~~547.7885

3,~~609~~605.3101

B-5

5.50000%

~~590~~589,~~638~~935.6820

2,~~707~~703.0987

B-6

5.50000%

~~423~~422,~~406~~902.6333

1,~~940~~938.6130

100.00

Total

~~205~~201,~~343~~799,~~874~~384.2739

~~621~~609,~~104~~706.5377

Page 3 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Collection Account Report for June 26, 2006 Distribution

Collection Account Report for July 25, 2006 Distribution

Collection Account Report

SUMMARY

TOTAL

Principal Collections

21,~~518~~282,~~196~~028.4566

Principal Withdrawals

0.00

Principal Other Accounts

0.00

TOTAL PRINCIPAL

21,~~518~~282,~~196~~028.4566

Interest Collections

~~628~~617,~~656~~635.6389

Interest Withdrawals

(7,~~552~~929.0913)

Interest Other Accounts

0.00

TOTAL INTEREST

~~621~~609,~~104~~706.5476

TOTAL AVAILABLE FUNDS TO BONDHOLDERS

31,~~139~~891,~~300~~735.9942

Interest Payable to Bondholders

~~621~~609,~~104~~706.5476

Principal Payment Amount Payable to Bondholders

21,~~518~~282,~~196~~028.4566

PRINCIPAL - COLLECTIONS

TOTAL

Scheduled Principal

164,~~846~~328.0292

Curtailments

1615,~~214~~020.9986

Prepayments in Full

21,~~337~~102,~~135~~353.4488

Repurchases/Substitutions

0.00

Liquidations

0.00

Insurance Principal

0.00

Other Additional Principal

0.00

LESS: Delinquent Principal

(~~134~~130,~~632~~383.1192)

LESS: Realized Losses

0325.00

PLUS: Recoveries

0.00

PLUS: Substitution Shortfall Principal

0.00

PLUS: Principal Loan Adjustments

0.00

PLUS: Principal Advanced

~~134~~130,~~632~~383.1192

TOTAL PRINCIPAL

21,~~518~~282,~~196~~028.4566

Page 4 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Collection Account Report for June 26, 2006 Distribution

Collection Account Report for July 25, 2006 Distribution

Collection Account Report

PRINCIPAL - WITHDRAWALS

TOTAL

SPACE INTENTIONALLY LEFT BLANK

PRINCIPAL - OTHER ACCOUNTS

TOTAL

SPACE INTENTIONALLY LEFT BLANK

INTEREST - COLLECTIONS

TOTAL

Scheduled Interest

~~654~~642,~~645~~641.0478

Repurchases/Substitutions

0.00

Liquidations

0.00

Insurance Interest

0.00

Other Additional Interest

0.00

LESS: Prepayment Interest Shortfalls

(21,~~411~~294.5237)

LESS: Delinquent Interest

(~~525~~505,~~397~~928.1487)

LESS: Interest Realized Losses

0.00

PLUS: Compensating Interest

21,~~411~~294.5237

LESS: Civil Relief Act Shorfalls

0.00

PLUS: Substiution Shortfall Interest

0.00

PLUS: Interest Loan Adjustments

0.00

LESS: Excess, Special Hazard, Fraud, & Bankruptcy Interest Losses

0.00

Interest Advanced

~~499~~480,~~408~~922.7398

TOTAL INTEREST

~~628~~617,~~656~~635.6389

Page 5 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Collection Account Report for June 26, 2006 Distribution

Collection Account Report for July 25, 2006 Distribution

Collection Account Report

INTEREST - WITHDRAWALS

TOTAL

SPACE INTENTIONALLY LEFT BLANK

INTEREST - OTHER ACCOUNTS

TOTAL

Prepayment Penalties

0.00

TOTAL INTEREST OTHER ACCOUNTS

0.00

INTEREST - FEES

TOTAL

Current Servicing Fees

6,~~417~~815.2427

California Tax

0.00

Trustee Fees

1,~~134~~113.8586

TOTAL INTEREST FEES

7,~~552~~929.0913

Page 6 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Credit Enhancement Report for June 26, 2006 Distribution

Credit Enhancement Report for July 25, 2006 Distribution

Credit Enhancement Report

ACCOUNTS

TOTAL

SPACE INTENTIONALLY LEFT BLANK

INSURANCE

TOTAL

SPACE INTENTIONALLY LEFT BLANK

STRUCTURAL FEATURES

TOTAL

SPACE INTENTIONALLY LEFT BLANK

Page 7 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Collateral Report for June 26, 2006 Distribution

Collateral Report for July 25, 2006 Distribution

Collateral Report

COLLATERAL

TOTAL

Loan Count:

Original

991

Prior

~~694~~680

Prefunding

Scheduled Paid Offs

Full Voluntary Prepayments

(146)

Repurchases

Liquidations

Current

~~680~~674

Principal Balance:

Original

202,138,590.15

Prior

~~136~~133,~~181~~663,~~741~~545.6015

Prefunding

Scheduled Principal

(164,~~846~~328.0292)

Partial and Full Voluntary Prepayments

(21,~~353~~117,~~350~~374.4374)

Repurchases

Liquidations

Current

~~133~~132,~~663~~381,~~545~~841.1549

PREFUNDING

TOTAL

SPACE INTENTIONALLY LEFT BLANK

Current Prin Balance by Groups (in millions of dollars)

Total Current Principal Balance (in millions of dollars)

Page 8 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Collateral Report for June 26, 2006 Distribution

Collateral Report for July 25, 2006 Distribution

Collateral Report

CHARACTERISTICS

TOTAL

Weighted Average Coupon Original

5.776550%

Weighted Average Coupon Prior

5.~~768580~~768571%

Weighted Average Coupon Current

5.~~768571~~769487%

Weighted Average Months to Maturity Original

357

Weighted Average Months to Maturity Prior

~~332~~331

Weighted Average Months to Maturity Current

~~331~~330

Weighted Avg Remaining Amortization Term Original

356

Weighted Avg Remaining Amortization Term Prior

~~332~~331

Weighted Avg Remaining Amortization Term Current

~~331~~330

Weighted Average Seasoning Original

2.54

Weighted Average Seasoning Prior

2425.6062

Weighted Average Seasoning Current

2526.62

Note: Original information refers to deal issue.

WAC by Groups

Total WAC

WARAT by Groups

Total WARAT

Note: Dates correspond to distribution dates.

Page 9 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Collateral Report for June 26, 2006 Distribution

Collateral Report for July 25, 2006 Distribution

Collateral Report

ARM CHARACTERISTICS

TOTAL

Weighted Average Margin Original

0.000%

Weighted Average Margin Prior

0.000%

Weighted Average Margin Current

0.000%

Weighted Average Max Rate Original

0.000%

Weighted Average Max Rate Prior

0.000%

Weighted Average Max Rate Current

0.000%

Weighted Average Min Rate Original

0.000%

Weighted Average Min Rate Prior

0.000%

Weighted Average Min Rate Current

0.000%

Weighted Average Cap Up Original

0.000%

Weighted Average Cap Up Prior

0.000%

Weighted Average Cap Up Current

0.000%

Weighted Average Cap Down Original

0.000%

Weighted Average Cap Down Prior

0.000%

Weighted Average Cap Down Current

0.000%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES

TOTAL

Current Servicing Fees

6,~~417~~815.2427

Delinquent Servicing Fees

25,~~988~~005.4189

TOTAL SERVICING FEES

3231,~~405~~821.6516

Total Servicing Fees

3231,~~405~~821.6516

Compensating Interest

(21,~~411~~294.5237)

Delinquent Servicing Fees

(25,~~988~~005.4189)

COLLECTED SERVICING FEES

45,~~005~~520.7290

Total Advanced Principal For Current Payment Date

~~134~~130,~~632~~383.1192

Total Advanced Interest For Current Payment Date

~~499~~480,~~408~~922.7398

TOTAL ADVANCES FOR CURRENT PERIOD

~~634~~611,~~040~~306.8490

ADDITIONAL COLLATERAL INFORMATION

TOTAL

Prepayment Interest Shortfall (PPIS)

21,~~411~~294.5237

Compensating Interest

(21,~~411~~294.5237)

Net Prepayment Interest Shortfall (Net PPIS)

0.00

Weighted Average Net Mortgage Rate

5.~~473020~~473805%

Page 10 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Delinquency Report for June 26, 2006 Distribution

Delinquency Report for July 25, 2006 Distribution

Delinquency Report - Total

<1 PAYMENT

1 PAYMENT

2 PAYMENTS

3+ PAYMENTS

TOTAL

DELINQUENT

Balance

~~###########~~99,829,544.57

23,~~387~~082,~~811~~757.2969

~~580~~475,~~786~~785.7057

~~537~~474,~~911~~958.6981

34,~~506~~033,~~509~~502.6807

% Balance

7875.1541%

12.7933%

0.4336%

0.4036%

23.6205%

# Loans

~~526~~507

1317

2022

% # Loans

7775.3522%

12.9152%

0.4430%

0.5945%

23.9426%

FORECLOSURE

Balance

~~287~~403,~~186~~564.0412

% Balance

0.00%

0.2130%

# Loans

% # Loans

0.00%

0.1530%

BANKRUPTCY

Balance

~~525~~326,~~570~~801.7655

77275,~~924~~969.0271

~~603~~602,~~494~~771.7826

% Balance

0.3925%

0.0621%

0.00%

0.4546%

# Loans

% # Loans

0.2930%

0.15%

0.00%

0.4445%

REO

Balance

~~312~~311,~~019~~640.0385

% Balance

0.00%

0.2324%

# Loans

% # Loans

0.00%

0.15%

TOTAL

Balance

~~525~~326,~~570~~801.7655

23,~~465~~358,~~735~~727.3140

~~580~~475,~~786~~785.7057

1,~~137~~190,~~116~~163.7678

45,~~709~~351,~~209~~478.5330

% Balance

0.3925%

12.8454%

0.4336%

0.8590%

34.5204%

# Loans

1418

2528

% # Loans

0.2930%

2.0667%

0.4430%

0.8889%

34.6815%

Note: <1 Payment = 1-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+

6 Months Moving Average

1 or 2 Payments Delinquent

3 or More Payments Delinquent

Total Foreclosure

Total Bankruptcy and REO

Note: Dates correspond to distribution dates.

Page 11 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

REO Report for June 26, 2006 Distribution

REO Report for July 25, 2006 Distribution

REO Report - Mortgage Loans that Become REO During Current Distribution

SUMMARY

LOAN GROUP

Total Loan Count = 0

Loan Group 1 = Fixed; REO Book Value = Not Available

Total Original Principal Balance = 000.00

Total Current Balance = 000.00

REO Book Value = Not Available

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number

Original

Stated

Current

State &

Principal

Paid to

Note

LTV at

Original

Origination

Loan Group

Balance

Date

Rate

Origination

Term

Date

SPACE INTENTIONALLY LEFT BLANK

Page 12 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Prepayment Report for June 26, 2006 Distribution

Prepayment Report for July 25, 2006 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENTS

TOTAL

Current

Number of Paid in Full Loans

146

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

146

Paid in Full Balance

21,~~337~~102,~~135~~353.4488

Repurchased Loans Balance

Curtailments Amount

1615,~~214~~020.9986

Total Prepayment Amount

21,~~353~~117,~~350~~374.4374

Cumulative

Number of Paid in Full Loans

~~309~~315

Number of Repurchased Loans

Total Number of Loans Prepaid in Full

~~310~~316

Paid in Full Balance

6264,~~951~~054,~~891~~245.5341

Repurchased Loans Balance

157,007.81

Curtailments Amount

~~680~~695,~~165~~186.3016

Total Prepayment Amount

6364,~~789~~906,~~064~~439.6438

SPACE INTENTIONALLY LEFT BLANK

Total Prepayments by Groups (in thousands of dollars)

Total Prepayments (in thousands of dollars)

Page 13 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Prepayment Report for June 26, 2006 Distribution

Prepayment Report for July 25, 2006 Distribution

Prepayment Report - Voluntary Prepayments

VOLUNTARY PREPAYMENT RATES

TOTAL

SMM

10.7384%

3 Months Avg SMM

1.8525%

12 Months Avg SMM

1.8673%

Avg SMM Since Cut-off

1.5956%

CPR

189.9059%

3 Months Avg CPR

2014.0905%

12 Months Avg CPR

2018.1785%

Avg CPR Since Cut-off

17.5424%

PSA

~~368~~180.8323%

3 Months Avg PSA Approximation

~~408~~274.2931%

12 Months Avg PSA Approximation

~~501~~446.9470%

Avg PSA Since Cut-off Approximation

~~623~~591.5462%

CPR by Groups

Total CPR

PSA by Groups

Total PSA

Page 14 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Prepayment Report for June 26, 2006 Distribution

Prepayment Report for July 25, 2006 Distribution

Prepayment Report - Voluntary Prepayments

CPR Avg since Cut-Off by Groups

Total CPR Avg since Cut-Off

PSA Avg since Cut-Off by Groups

Total PSA Avg since Cut-Off

PREPAYMENT CALCULATION METHODOLOGY

Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)

Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)

PSA Standard Prepayment Model: CPR/(0.02*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 and repurchases.

Dates correspond to distribution dates.

Page 15 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Prepayment Detail Report for June 26, 2006 Distribution

Prepayment Detail Report for July 25, 2006 Distribution

Prepayment Detail Report - Loans Prepaid in Full During Current Distribution

SUMMARY

LOAN GROUP

Total Loan Count = 14

Loan Group 1 = Fixed

Total Loan Count = 6

Loan Group 1 = Fixed

Total Original Principal Balance = 2,516,591.00

Total Original Principal Balance = 1,136,500.00

Total Prepayment Amount = 2,337,135.44

Total Prepayment Amount = 1,102,353.88

Loan Number

Original

Current

State &

Type Prepayment

Loan

Principal

Prepayment

Note

LTV at

Origination

Loan Group

Status

Balance

Amount

Date

Rate

Origination

Original Term

Date

3161880 1

192,200.00

186,640.95

May-26-06

5.500%

CA - 80.00%

Paid Off - 360

Mar-09-04

3498354 1

175,500.00

170,439.38

Jun-21-06

5.750%

NV - 90.00%

Paid Off - 360

Apr-09-04

3597067 1

161,910.00

157,716.91

Jun-13-06

5.875%

FL - 90.00%

Paid Off - 360

Apr-23-04

3528853 1

205,000.00

199,343.66

Jul-05-06

6.000%

CA - 44.09%

Paid Off - 360

May-04-04

3610838 1

129,440.00

126,162.85

Jun-01-06

6.000%

UT - 67.42%

Paid Off - 360

Apr-30-04

3602504 1

48,000.00

45,187.71

Jun-27-06

6.000%

FL - 70.59%

Paid Off - 240

Apr-23-04

3642688 1

92,000.00

89,617.58

Jun-06-06

5.875%

VA - 46.00%

Paid Off - 360

Apr-30-04

3640437 1

363,000.00

353,183.17

Jun-22-06

5.875%

CA - 38.21%

Paid Off - 360

Apr-21-04

3645987 1

285,000.00

276,927.34

May-23-06

5.375%

CA - 75.00%

Paid Off - 360

Apr-30-04

3675127 1

168,000.00

162,190.56

Jun-22-06

5.750%

FL - 80.00%

Paid Off - 360

May-19-04

3663329 1

333,700.00

324,861.77

May-19-06

5.500%

NY - 78.52%

Paid Off - 360

May-28-04

3783932 1

177,000.00

172,009.40

Jun-20-06

5.875%

RI - 63.21%

Paid Off - 360

Mar-12-04

3664363 1

147,000.00

143,442.39

May-22-06

6.000%

CA - 71.71%

Paid Off - 360

May-13-04

3686059 1

297,014.00

288,911.53

May-18-06

5.750%

CA - 73.70%

Paid Off - 360

May-19-04

3688573 1

154,877.00

39,131.50

Jun-12-06

6.000%

TN - 65.63%

Paid Off - 360

Apr-30-04

3692457 1

254,000.00

246,675.63

May-23-06

5.750%

NY - 79.38%

Paid Off - 360

Apr-15-04

3696280 1

85,000.00

82,869.21

Jun-09-06

5.875%

TN - 64.39%

Paid Off - 360

May-19-04

3750405 1

144,000.00

140,515.11

Jun-08-06

6.000%

FL - 90.00%

Paid Off - 360

Jun-03-04

3785359 1

160,000.00

155,803.97

May-18-06

5.875%

CA - 44.44%

Paid Off - 360

Apr-26-04

3898458 1

80,450.00

77,858.70

Jun-08-06

5.500%

GA - 48.17%

Paid Off - 360

Jun-18-04

Page 16 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Realized Loss Report for June 26, 2006 Distribution

Realized Loss Report for July 25, 2006 Distribution

Realized Loss Report - Collateral

COLLATERAL REALIZED LOSSES

TOTAL

Current

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

-(325.00)

Net Liquidation Proceeds

-325.00

Cumulative

Number of Loans Liquidated

Collateral Realized Loss/(Gain) Amount

6968,~~119~~794.37

Net Liquidation Proceeds

6061,~~956~~281.68

Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Current Realized Losses

0(325.00)

Supplemental Losses On Prior Liquidated Loans (LESS Recoveries)

0.00

Current Net Realized Losses (LESS Recoveries)

0(325.00)

Prior Cumulative Realized Loss

0.00

Current Net Realized Losses (LESS Recoveries)

0(325.00)

Current Cumulative Realized Loss

0(325.00)

Current Special Hazard Loss Coverage Amount

1,~~361~~336,~~817~~635.4245

Current Fraud Loss Coverage Amount

2,021,385.00

Current Bankruptcy Loss Coverage Amount

100,000.00

Class B-1 Write Down Amount

0.00

Class B-2 Write Down Amount

0.00

Class B-3 Write Down Amount

0.00

Class B-4 Write Down Amount

0.00

Class B-5 Write Down Amount

0.00

Class B-6 Write Down Amount

0.00

3 Months Moving Average

Collateral Loss Severity Approximation by Groups

Collateral Loss Severity Approximation

Page 17 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Realized Loss Report for June 26, 2006 Distribution

Realized Loss Report for July 25, 2006 Distribution

Realized Loss Report - Collateral

DEFAULT SPEEDS

TOTAL

MDR

0.00%

3 Months Avg MDR

0.00%

12 Months Avg MDR

0.01%

Avg MDR Since Cut-off

0.00%

CDR

0.00%

3 Months Avg CDR

0.00%

12 Months Avg CDR

0.09%

Avg CDR Since Cut-off

0.0504%

SDA

0.00%

3 Months Avg SDA Approximation

0.00%

12 Months Avg SDA Approximation

0.2321%

Avg SDA Since Cut-off Approximation

0.1615%

Loss Severity Approximation for Current Period

3 Months Avg Loss Severity Approximation

12 Months Avg Loss Severity Approximation

Avg Loss Severity Approximation Since Cut-off

CDR by Groups

Total CDR

SDA by Groups

Total SDA

Page 18 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Realized Loss Report for June 26, 2006 Distribution

Realized Loss Report for July 25, 2006 Distribution

Realized Loss Report - Collateral

CDR Avg since Cut-Off by Groups

Total CDR Avg since Cut-Off

SDA Avg since Cut-Off by Groups

Total SDA Avg since Cut-Off

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 19 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Realized Loss Detail Report for June 26, 2006 Distribution

Realized Loss Detail Report for July 25, 2006 Distribution

Realized Loss Detail Report - Loans Liquidated During Current Distribution

SUMMARY

LOAN GROUP

Total Loan Count Current Losses = 0

Total Loan Count Revisions = 0

Loan Group 1 = Fixed

Total Loan Count Revisions = 1

Loan Group 1 = Fixed

Total Prior Principal Balance = 0.00

Total Current Realized Loss Amount = 0.00

Total Revisions Amount = 0.00

Total Revisions Amount = -325.00

Total Realized Loss Amount = 0.00

Total Realized Loss Amount = -325.00

Total Net Liquidation Proceeds = 0.00

Total Net Liquidation Proceeds = 325.00

Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

Loan Number

Current

State &

Prior

Realized

Cumulative

Loan

Note

LTV at

Original

Principal

Loss/(Gain)

Realized

Loan Group

Status

Rate

Origination

Term

Balance

Revisions

Loss/(Gain)

SPACE INTENTIONALLY LEFT BLANK

3517687 1

MI - 95.00%

360

Revision

(325.00)

Page 20 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Triggers, Adj. Rate Cert. and Miscellaneous Report for June 26, 2006 Distribution

Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2006 Distribution

Triggers, Adj. Rate Cert. and Miscellaneous Report

TRIGGER EVENTS

TOTAL

Has the Optional Termination Date been reached?

Have the Sr. Prepay Step Down Cond been satisfied?

Has the Sr. Credit Supp. Depletion Date been reached?

Have all prepayment penalties expired?

Has the Spec. Haz. Coverage Term Date been reached?

Has the Fraud LossCoverage Term. Date been reached?

Yes

Has the Bank LossCoverage Term. Date been reached?

ADJUSTABLE RATE CERTIFICATE INFORMATION

TOTAL

SPACE INTENTIONALLY LEFT BLANK

ADDITIONAL INFORMATION

TOTAL

Current Senior Percentage

93.~~544576~~430791%

Next Senior Percentage

93.~~331157~~273928%

Current Subordinate Percentage

6.~~455424~~569209%

Next Subordinate Percentage

6.~~668843~~726072%

Current Senior Prepayment Percentage

100.000000%

Next Projected Senior Prepayment Percentage

100.000000%

Current Subordinated Prepayment Percentage

0.000000%

Next Projected Subordinated Prepayment Percentage

0.000000%

Page 21 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Other Related Information for June 26, 2006 Distribution

Other Related Information for July 25, 2006 Distribution

Other Related Information

ADDITIONAL INFORMATION

TOTAL

Next Projected pass through rate for Class A-1

5.500000%

Next Projected pass through rate for Class A-X

0.~~109808~~110096%

Next Projected pass through rate for Class B-1

5.500000%

Next Projected pass through rate for Class B-2

5.500000%

Next Projected pass through rate for Class B-3

5.500000%

Next Projected pass through rate for Class B-4

5.500000%

Next Projected pass through rate for Class B-5

5.500000%

Next Projected pass through rate for Class B-6

5.500000%

Scheduled Principal

1 Month Prior

0.00

2 Months Prior

0.00

3 Months Prior

0.00

4 Months Prior

0.00

5 Months Prior

0.00

6 Months Prior

0.00

7 Months Prior

0.00

8 Months Prior

0.00

9 Months Prior

0.00

10 Months Prior

0.00

11 Months Prior

0.00

12 Months Prior

0.00

Scheduled Principal on 60+ Day Delinquent Loans

1 Month Prior

0.00

2 Months Prior

0.00

3 Months Prior

0.00

4 Months Prior

0.00

5 Months Prior

0.00

6 Months Prior

0.00

7 Months Prior

0.00

8 Months Prior

0.00

9 Months Prior

0.00

10 Months Prior

0.00

11 Months Prior

0.00

Page 22 of 23

IndyMac Residential Asset Securitization Trust 2004-A5

Collateralized Asset-Backed Bonds

Series 2004-A5

Additional Certificate Report for June 26, 2006 Distribution

Additional Certificate Report for July 25, 2006 Distribution

Additional Certificate Report

CLASS

Net PPIS & Relief Act Shortfall Allocation

Unpaid Interest Amount Due

Unpaid Interest Paid

Remaining Unpaid Interest Amount

A-1

0.00

A-X

0.00

A-R

0.00

B-1

0.00

B-2

0.00

B-3

0.00

B-4

0.00

B-5

0.00

B-6

0.00

Page 23 of 23

Filing Compare · IndyMac RAST 2004-R2