8-K 1 bsa04ac1_aug.txt AUGUST 8-K 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): August 25, 2004 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-AC1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-19 54-2144741 Pooling and Servicing Agreement) (Commission 54-2144743 (State or other File Number) 54-2144742 jurisdiction of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A., 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On August 25, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2004-AC1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-AC1 Trust, relating to the August 25, 2004 distribution. 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-AC1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 8/26/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-AC1 Trust, relating to the August 25, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities Asset- Backed Certificates Record Date: 27/2931/2004 Distribution Date: 38/25/2004 BSA Series: 2004-AC1 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 A-1 07384YQJ8 SEN 5.12500% ~~149~~124,~~075~~530,000.0055 ~~636~~531,~~674~~846.4888 35,~~079~~592,~~749~~117.4440 A-2 07384YQK5 SEN 1.~~62000~~95000% 5041,~~270~~993,~~000~~111.0071 6768,~~864~~238.5081 1,~~038~~885,~~530~~733.9763 A-3 07384YQL3 SEN 6.~~38000~~05000% 0.00 ~~267~~211,~~268~~715.8327 0.00 M-1 07384YQM1 SUB 12.~~65000~~00000% 1512,~~202~~699,~~000~~011.0002 1821,~~812~~165.4802 ~~314~~570,~~059~~259.0406 M-2 07384YQN9 SUB 2.~~22000~~55000% 1714,~~777~~850,~~000~~040.0072 2931,~~598~~556.7134 ~~367~~666,~~256~~852.1273 B 07384YQP4 SUB 23.~~92000~~25000% 1210,~~872~~753,~~771~~286.0046 2829,~~191~~123.3748 ~~265~~482,~~939~~884.3577 C 07384YQQ2 SUB 0.00000% 01,627,095.8105 0.00 0.00 P 07384YQS8 SUB 0.00000% 100.00 621,~~253~~858.3647 0.00 R-1 07384YQR0 RES 0.00000% 0.00 0.00 0.00 R-2 07384YQT6 RES 0.00000% 0.00 0.00 0.00 R-3 07384YQU3 RES 0.00000% 0.00 0.00 0.00 Totals ~~245~~206,~~196~~452,~~871~~645.8151 1915,~~054,663~~504.7327 59,~~065~~197,~~534~~847.9259

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~145~~118,~~995~~937,~~250~~883.5616 36,~~716~~123,~~423~~964.9228 0.00 A-2 0.00 4940,~~231~~107,~~469~~378.0307 1,~~106~~953,~~395~~972.4744 0.00 A-3 0.00 0.00 ~~267~~211,~~268~~715.8327 0.00 M-1 0.00 1412,~~887~~128,~~940~~751.9697 ~~332~~591,~~871~~424.5208 0.00 M-2 0.00 1714,~~409~~183,~~743~~187.8898 ~~396~~698,~~854~~409.8307 0.00 B 0.00 1210,~~606~~270,~~831~~401.6570 ~~294~~512,~~130~~008.7225 0.00 C 0.00 ~~356~~1,~~942~~910,476.4412 0.00 0.00 P 0.00 100.00 621,~~253~~858.3647 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 ~~240~~197,~~488~~538,~~278~~179.5200 610,~~120~~113,~~198~~351.6586 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) A-1 149,075,000.00 ~~149~~124,~~075~~530,000.0055 0.00 35,~~079~~592,~~749~~117.4440 0.00 0.00 A-2 50,270,000.00 5041,~~270~~993,~~000~~111.0071 0.00 1,~~038~~885,~~530~~733.9763 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 M-1 15,202,000.00 1512,~~202~~699,~~000~~011.0002 0.00 ~~314~~570,~~059~~259.0406 0.00 0.00 M-2 17,777,000.00 1714,~~777~~850,~~000~~040.0072 0.00 ~~367~~666,~~256~~852.1273 0.00 0.00 B 12,872,771.00 1210,~~872~~753,~~771~~286.0046 0.00 ~~265~~482,~~939~~884.3577 0.00 0.00 C 0.81 01,627,095.8105 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 245,196,871.81 ~~245~~206,~~196~~452,~~871~~645.8151 0.00 59,~~065~~197,~~534~~847.9259 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 A-1 35,~~079~~592,~~749~~117.4440 ~~145~~118,~~995~~937,~~250~~883.5616 0.~~97934094~~79783923 35,~~079~~592,~~749~~117.4440 A-2 1,~~038~~885,~~530~~733.9763 4940,~~231~~107,~~469~~378.0307 0.~~97934094~~79783923 1,~~038~~885,~~530~~733.9763 A-3 0.00 0.00 0.00000000 0.00 M-1 ~~314~~570,~~059~~259.0406 1412,~~887~~128,~~940~~751.9697 0.~~97934094~~79783923 ~~314~~570,~~059~~259.0406 M-2 ~~367~~666,~~256~~852.1273 1714,~~409~~183,~~743~~187.8898 0.~~97934094~~79783923 ~~367~~666,~~256~~852.1273 B ~~265~~482,~~939~~884.3577 1210,~~606~~270,~~831~~401.6570 0.~~97934094~~79783923 ~~265~~482,~~939~~884.3577 C 0.00 ~~356~~1,~~942~~910,476.4412 ~~440~~2,~~669~~358,612.~~67901235~~49382716 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 59,~~065~~197,~~534~~847.9259 ~~240~~197,~~488~~538,~~278~~179.5200 0.~~98079668~~80563091 59,~~065~~197,~~534~~847.9259

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 149,075,000.00 ~~1000~~835.~~00000000~~35133691 0.00000000 2037.~~65906047~~51210733 0.00000000 A-2 50,270,000.00 ~~1000~~835.~~00000000~~35133698 0.00000000 2037.~~65906047~~51210722 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 15,202,000.00 ~~1000~~835.~~00000000~~35133667 0.00000000 2037.~~65906065~~51210762 0.00000000 M-2 17,777,000.00 ~~1000~~835.~~00000000~~35133712 0.00000000 2037.~~65906058~~51210722 0.00000000 B 12,872,771.00 ~~1000~~835.~~00000000~~35133655 0.00000000 2037.~~65906012~~51210753 0.00000000 C 0.81 ~~1000~~308759320.~~00000000~~98765000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 2037.~~65906047~~51210733 ~~979~~797.~~34093953~~83922965 0.~~97934094~~79783923 2037.~~65906047~~51210733 A-2 0.00000000 2037.~~65906047~~51210722 ~~979~~797.~~34093953~~83922956 0.~~97934094~~79783923 2037.~~65906047~~51210722 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 2037.~~65906065~~51210762 ~~979~~797.~~34093935~~83922971 0.~~97934094~~79783923 2037.~~65906065~~51210762 M-2 0.00000000 2037.~~65906058~~51210722 ~~979~~797.~~34093942~~83922934 0.~~97934094~~79783923 2037.~~65906058~~51210722 B 0.00000000 2037.~~65906012~~51210753 ~~979~~797.~~34093988~~83922980 0.~~97934094~~79783923 2037.~~65906012~~51210753 C 0.00000000 0.00000000 ~~440~~2,~~669~~358,~~679~~612,493.~~01234600~~82716000 ~~440669~~2358612.~~67901235~~49382716 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 A-1 149,075,000.00 5.12500% ~~149~~124,~~075~~530,000.0055 ~~636~~531,~~674~~846.4888 0.00 0.00 A-2 50,270,000.00 1.~~62000~~95000% 5041,~~270~~993,~~000~~111.0071 6768,~~864~~238.5081 0.00 0.00 A-3 0.00 6.~~38000~~05000% 5041,~~270~~993,~~000~~111.0071 ~~267~~211,~~268~~715.8327 0.00 0.00 M-1 15,202,000.00 12.~~65000~~00000% 1512,~~202~~699,~~000~~011.0002 1821,~~812~~165.4802 0.00 0.00 M-2 17,777,000.00 2.~~22000~~55000% 1714,~~777~~850,~~000~~040.0072 2931,~~598~~556.7134 0.00 0.00 B 12,872,771.00 23.~~92000~~25000% 1210,~~872~~753,~~771~~286.0046 2829,~~191~~123.3748 0.00 0.00 C 0.81 0.00000% 01,627,095.8105 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 245,196,871.81 1893,~~048,410~~645.3780 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 A-1 0.00 0.00 ~~636~~531,~~674~~846.4888 0.00 ~~145~~118,~~995~~937,~~250~~883.5616 A-2 0.00 0.00 6768,~~864~~238.5081 0.00 4940,~~231~~107,~~469~~378.0307 A-3 0.00 0.00 ~~267~~211,~~268~~715.8327 0.00 4940,~~231~~107,~~469~~378.0307 M-1 0.00 0.00 1821,~~812~~165.4802 0.00 1412,~~887~~128,~~940~~751.9697 M-2 0.00 0.00 2931,~~598~~556.7134 0.00 1714,~~409~~183,~~743~~187.8898 B 0.00 0.00 2829,~~191~~123.3748 0.00 1210,~~606~~270,~~831~~401.6570 C 0.00 0.00 0.00 0.00 ~~356~~1,~~942~~910,476.4412 P 0.00 0.00 621,~~253~~858.3647 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1915,~~054,663~~504.7327 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 A-1 149,075,000.00 5.12500% ~~1000~~835.~~00000000~~35133691 43.~~27083334~~56764635 0.00000000 0.00000000 A-2 50,270,000.00 1.~~62000~~95000% ~~1000~~835.~~00000000~~35133698 1.~~35000000~~35744599 0.00000000 0.00000000 A-3 0.00 6.~~38000~~05000% ~~1000~~835.~~00000000~~35133698 54.~~31666660~~21156296 0.00000000 0.00000000 M-1 15,202,000.00 12.~~65000~~00000% ~~1000~~835.~~00000000~~35133667 1.~~23750033~~39225234 0.00000000 0.00000000 M-2 17,777,000.00 2.~~22000~~55000% ~~1000~~835.~~00000000~~35133712 1.~~66500028~~77512179 0.00000000 0.00000000 B 12,872,771.00 23.~~92000~~25000% ~~1000~~835.~~00000000~~35133655 2.~~19000012~~26240955 0.00000000 0.00000000 C 0.81 0.00000% ~~1000~~2008759320.~~00000000~~98765000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 A-1 0.00000000 0.00000000 43.~~27083334~~56764635 0.00000000 ~~979~~797.~~34093953~~83922965 A-2 0.00000000 0.00000000 1.~~35000000~~35744599 0.00000000 ~~979~~797.~~34093953~~83922956 A-3 0.00000000 0.00000000 54.~~31666660~~21156296 0.00000000 ~~979~~797.~~34093953~~83922956 M-1 0.00000000 0.00000000 1.~~23750033~~39225234 0.00000000 ~~979~~797.~~34093935~~83922971 M-2 0.00000000 0.00000000 1.~~66500028~~77512179 0.00000000 ~~979~~797.~~34093942~~83922934 B 0.00000000 0.00000000 2.~~19000012~~26240955 0.00000000 ~~979~~797.~~34093988~~83922980 C 0.00000000 0.00000000 0.00000000 0.00000000 ~~440669679~~2358612493.~~01234600~~82716000 P 0.00000000 0.00000000 ~~62533~~218584.~~60000000~~70000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 610,~~165~~144,~~428~~319.3720 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 637,~~406~~860.5607 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 610,~~171~~182,~~834~~179.9327 Withdrawals Reimbursement for Servicer Advances 025,774.0007 Payment of Service Fee 5143,~~636~~053.2834 Payment of Interest and Principal 610,~~120~~113,~~198~~351.6586 Total Withdrawals (Pool Distribution Amount) 610,~~171~~182,~~834~~179.9327 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5143,~~082~~010.6493 ~~Master Servicing Fee 510.85~~ Miscellaneous Fee 42.7941 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5143,~~636~~053.2834

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 01 0 0 01 0247,972.0095 0.00 0.00 0247,972.0095 30 Days 67 0 0 0 67 ~~904~~3,~~453~~183,401.2935 0.00 0.00 0.00 ~~904~~3,~~453~~183,401.2935 60 Days 02 01 0 0 03 0183,808.0094 0194,682.0025 0.00 0.00 0378,491.0019 90 Days 02 01 01 0 04 0195,185.0042 0131,005.0089 0321,582.0034 0.00 0647,773.0065 120 Days 02 0 01 0 03 0484,019.0031 0.00 0278,220.0063 0.00 0762,239.0094 150 Days 03 0 0 0 03 0683,674.0048 0.00 0.00 0.00 0683,674.0048 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 616 03 02 0 621 ~~904~~4,~~453~~730,089.2950 0573,661.0009 0599,802.0097 0.00 ~~904~~5,~~453~~903,553.2956 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.~~000000~~103842% 0.000000% 0.000000% 0.~~000000~~103842% 0.~~000000~~125419% 0.000000% 0.000000% 0.~~000000~~125419% 30 Days 0.~~533808~~726895% 0.000000% 0.000000% 0.000000% 0.~~533808~~726895% 01.~~375797~~610088% 0.000000% 0.000000% 0.000000% 01.~~375797~~610088% 60 Days 0.~~000000~~207684% 0.~~000000~~103842% 0.000000% 0.000000% 0.~~000000~~311526% 0.~~000000~~092966% 0.~~000000~~098466% 0.000000% 0.000000% 0.~~000000~~191432% 90 Days 0.~~000000~~207684% 0.~~000000~~103842% 0.~~000000~~103842% 0.000000% 0.~~000000~~415369% 0.~~000000~~098720% 0.~~000000~~066260% 0.~~000000~~162649% 0.000000% 0.~~000000~~327628% 120 Days 0.~~000000~~207684% 0.000000% 0.~~000000~~103842% 0.000000% 0.~~000000~~311526% 0.~~000000~~244805% 0.000000% 0.~~000000~~140717% 0.000000% 0.~~000000~~385523% 150 Days 0.~~000000~~311526% 0.000000% 0.000000% 0.000000% 0.~~000000~~311526% 0.~~000000~~345786% 0.000000% 0.000000% 0.000000% 0.~~000000~~345786% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~533808~~661475% 0.~~000000~~311526% 0.~~000000~~207684% 0.000000% 02.~~533808~~180685% 02.~~375797~~392366% 0.~~000000~~290144% 0.~~000000~~303366% 0.000000% 02.~~375797~~985876%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 637,~~406~~860.5607

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 7.~~130544~~106580% Weighted Average Net Coupon 6.~~880544~~856580% Weighted Average Pass-Through Rate 6.~~877834~~856333% Weighted Average Maturity(Stepdown Calculation ) ~~346~~341 Beginning Scheduled Collateral Loan Count 1,~~144~~002 Number Of Loans Paid In Full 2039 Ending Scheduled Collateral Loan Count ~~1,124~~963 Beginning Scheduled Collateral Balance ~~245~~206,~~196~~452,~~871~~545.8152 Ending Scheduled Collateral Balance ~~240~~197,~~488~~538,~~178~~079.5200 Ending Actual Collateral Balance at 2931-~~Feb~~Jul-2004 ~~240~~197,~~676~~715,~~337~~992.6632 Monthly P &I Constant 1,~~692~~431,~~313~~625.9620 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 ~~240~~197,~~488~~538,~~178~~079.5200 Scheduled Principal ~~235~~208,~~325~~982.3632 Unscheduled Principal 48,~~473~~705,~~267~~484.6020 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount ~~356~~283,~~941~~381.9607 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,432,755.00 Overcollateralized Amount ~~356~~1,~~942~~910,476.4412 Overcollateralized Deficiency Amount 31,~~075~~522,~~812~~278.5688 Base Overcollateralized Amount 0.00 Extra principal distribution Amount ~~356~~283,~~941~~381.9607 Excess Cash Amount ~~363~~305,~~195~~239.3254

Miscellaneous Reporting 3 MONTH ROLLING DELQ % 01.~~000000~~390023%

Filing Compare · BEAR STEARNS ASSET BACKED SECURITIES TRUST 2004 AC1