8-K 1 bst04002_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 ARM TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-21 54-2150466 Pooling and Servicing Agreement) (Commission 54-2150468 (State or other File Number) 54-2150469 jurisdiction 54-2150467 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 ARM TRUST, Mortgage Pass-Through Certificates, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 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 ARM TRUST Mortgage Pass-Through Certificates, Series 2004-2 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: 8/25/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-2 Trust, relating to the August 25, 2004 distribution. EX-99.1

Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 67/3031/2004 Distribution Date: 78/2625/2004 BST Series: 2004-2 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-1-A 07384ML83 SEN 4.~~12235~~12612% 4140,~~328~~873,~~907~~617.1593 ~~141~~140,~~882~~189.7858 ~~455~~1,~~289~~592,350.2252 I-2-A-1 07384ML91 SEN 3.~~94465~~93564% 4544,~~939~~193,~~127~~124.9995 ~~150~~144,~~911~~577.5132 1715,~~746,003~~877.0354 I-2-A-2 07384MM25 SEN 4.~~52565~~51664% 7370,~~502~~708,~~604~~999.7893 ~~277~~265,~~022~~472.3997 21,~~793~~145,~~604~~404.8506 I-2-A-3 07384MM33 SEN 3.~~82165~~81264% 4543,~~519~~789,~~339~~291.9777 ~~144~~138,~~869~~779.8502 1709,~~730,048~~335.2091 I-2-X 07384MM41 SEN 0.62300% 0.00 8582,~~585~~181.6408 0.00 I-3-A 07384MM58 SEN 4.~~81483~~81488% 32,~~763~~749,~~916~~773.1013 131,~~373~~076.7317 1426,~~142~~638.9763 I-4-A 07384MM66 SEN 5.~~25814~~25395% 8785,~~645~~439,~~916~~247.4248 ~~383~~373,~~791~~141.1028 268,~~206,668~~127.9438 I-4-A-M 07384MM74 SEN 5.~~25814~~25395% 18,691,000.00 81,~~845~~629.6874 0.00 II-1-A 07384MM82 SEN 3.~~84564~~84606% 5957,~~185~~652,~~480~~428.7078 ~~189~~184,~~546~~316.0132 1,~~533~~280,~~051~~694.9289 II-1-X 07384MM90 SEN 0.14018% 0.00 6,~~909~~717.2891 0.00 II-2-A 07384MN32 SEN 4.~~51952~~52172% 9088,~~079~~144,~~132~~339.2388 ~~339~~331,~~037~~305.6454 1,~~934~~897,~~792~~592.3590 II-2-X 07384MN40 SEN 0.22266% 0.00 16,~~703~~314.1325 0.00 II-3-A 07384MN57 SEN 4.~~73354~~73355% 16,~~344~~333,~~254~~356.9942 64,~~429~~267.1775 1011,~~898~~493.5874 II-4-A 07384MN65 SEN 5.~~40188~~39703% 3938,~~767~~744,~~015~~728.5320 ~~178~~173,~~895~~819.5436 1247,~~022,287~~591.3328 I-B-1 07384MP30 SUB 4.~~86473~~85964% 5,~~856~~852,~~181~~987.6168 23,~~724~~643.9150 3,~~193~~229.9227 I-B-2 07384MP48 SUB 4.~~86473~~85964% 4,~~098~~096,~~937~~702.7622 16,~~605~~548.8688 2,~~235~~260.5328 I-B-3 07384MP55 SUB 4.~~86473~~85964% 2,~~342~~341,~~592~~314.4581 9,~~490~~457.4589 1,~~277~~291.6378 I-B-4 07384MP97 SUB 4.~~86473~~85964% 1,~~951~~950,~~827~~763.5807 7,~~907~~880.3623 1,~~064~~076.5130 I-B-5 07384MQ21 SUB 4.~~86473~~85964% ~~976~~975,~~013~~481.6332 3,~~954~~940.0852 ~~532~~538.3120 I-B-6 07384MQ39 SUB 4.~~86473~~85964% ~~781~~780,~~012~~586.5762 3,~~164~~153.0823 ~~425~~430.9667 II-B-1 07384MP63 SUB 4.~~66827~~66828% 2,~~735~~734,~~616~~139.3451 10,~~635~~609.1382 1,~~476~~483.8350 II-B-2 07384MP71 SUB 4.~~66827~~66828% 2,~~022~~021,~~259~~167.4573 7,~~861~~843.8413 1,~~091~~096.7265 II-B-3 07384MP89 SUB 4.~~66827~~66828% 1,~~427~~426,~~312~~542.8228 5,~~548~~535.9069 ~~770~~774.5402 II-B-4 07384MQ47 SUB 4.~~66827~~66828% 713,~~756~~370.2593 2,~~774~~768.8423 ~~385~~387.3206 II-B-5 07384MQ54 SUB 4.~~66827~~66828% 475,~~737~~480.6683 1,~~849~~845.5010 ~~256~~257.8399 II-B-6 07384MQ62 SUB 4.~~66827~~66828% ~~357~~356,~~058~~866.8308 1,~~388~~384.1282 ~~192~~193.7663 R-I 07384MN73 RES 0.00000% 0.00 0.00 0.00 R-II 07384MN81 RES 0.00000% 0.00 0.00 0.00 R-III 07384MN99 RES 0.00000% 0.00 0.00 0.00 R-IV 07384MP22 RES 0.00000% 0.00 8.4210 0.00 Totals ~~574~~561,~~505~~045,~~002~~311.8155 2,~~287~~228,~~716~~407.9443 137,~~459~~708,~~691~~126.2520

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-1-A 0.00 4039,~~873~~281,~~617~~267.9341 ~~597~~1,~~172~~732,540.0010 0.00 I-2-A-1 0.00 4443,~~193~~477,~~124~~247.9542 1860,~~896,914~~454.5486 0.00 I-2-A-2 0.00 7069,~~708~~563,~~999~~595.9386 31,~~070~~410,~~627~~877.2403 0.00 I-2-A-3 0.00 43,~~789~~079,~~291~~955.7786 1848,~~874,918~~114.0593 0.00 I-2-X 0.00 0.00 8582,~~585~~181.6408 0.00 I-3-A 0.00 32,~~749~~723,~~773~~134.1350 ~~145~~157,~~516~~714.7080 0.00 I-4-A 0.00 85,~~439~~371,~~247~~120.4810 2441,~~590,460~~268.0466 0.00 I-4-A-M 0.00 18,691,000.00 81,~~845~~629.6874 0.00 II-1-A 0.00 5756,~~652~~371,~~428~~733.7889 1,~~722~~465,~~597~~011.9321 0.00 II-1-X 0.00 0.00 6,~~909~~717.2891 0.00 II-2-A 0.00 8886,~~144~~246,~~339~~746.8898 2,~~273~~228,~~829~~898.9944 0.00 II-2-X 0.00 0.00 16,~~703~~314.1325 0.00 II-3-A 0.00 16,~~333~~321,~~356~~862.4268 75,~~327~~761.7549 0.00 II-4-A 0.00 38,~~744~~497,~~728~~136.2092 1421,~~201,182~~410.8764 0.00 I-B-1 0.00 5,~~852~~849,~~987~~758.6841 26,~~918~~872.8377 0.00 I-B-2 0.00 4,~~096~~094,~~702~~441.2295 18,~~841~~809.3916 0.00 I-B-3 0.00 2,~~341~~340,~~314~~023.8104 10,~~768~~749.0867 0.00 I-B-4 0.00 1,~~950~~949,~~763~~686.0777 8,~~971~~956.8753 0.00 I-B-5 0.00 ~~975~~974,~~481~~943.3211 4,~~486~~478.3972 0.00 I-B-6 0.00 780,~~586~~155.6294 3,~~590~~583.0490 0.00 II-B-1 0.00 2,~~734~~732,~~139~~656.5101 12,~~111~~093.9632 0.00 II-B-2 0.00 2,~~021~~020,~~167~~071.7308 8,~~953~~939.5678 0.00 II-B-3 0.00 1,~~426~~425,~~542~~768.2826 6,~~319~~309.4471 0.00 II-B-4 0.00 ~~713~~712,~~370~~983.9386 3,~~160~~155.1629 0.00 II-B-5 0.00 475,~~480~~222.8384 2,~~106~~103.3309 0.00 II-B-6 0.00 356,~~866~~672.0845 1,~~580~~578.8845 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 8.4210 0.00 Totals 0.00 ~~561~~553,~~045~~337,~~311~~185.5534 159,~~747~~936,~~408~~533.1963 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) I-1-A 43,882,900.00 4140,~~328~~873,~~907~~617.1593 24,~~984~~464.3860 ~~430~~1,~~304~~567,885.8492 0.00 0.00 I-2-A-1 48,829,500.00 4544,~~939~~193,~~127~~124.9995 2625,~~084~~746.1642 1690,~~719,918~~131.8712 0.00 0.00 I-2-A-2 78,127,200.00 7370,~~502~~708,~~604~~999.7893 41,~~734~~194.6627 21,~~751~~104,~~870~~209.1979 0.00 0.00 I-2-A-3 48,383,300.00 4543,~~519~~789,~~339~~291.9777 25,~~845~~511.8115 1683,~~704,202~~824.3976 0.00 0.00 I-2-X 0.00 0.00 0.00 0.00 0.00 0.00 I-3-A 36,278,500.00 32,~~763~~749,~~916~~773.1013 1416,~~142~~185.9725 010,453.0038 0.00 0.00 I-4-A 100,807,000.00 8785,~~645~~439,~~916~~247.4248 5352,~~908~~767.5177 215,~~152,760~~359.4361 0.00 0.00 I-4-A-M 18,691,000.00 18,691,000.00 0.00 0.00 0.00 0.00 II-1-A 66,445,900.00 5957,~~185~~652,~~480~~428.7078 38,~~541~~659.4806 1,~~494~~242,~~510~~035.4483 0.00 0.00 II-1-X 0.00 0.00 0.00 0.00 0.00 0.00 II-2-A 95,628,200.00 9088,~~079~~144,~~132~~339.2388 4544,~~456~~361.1180 1,~~889~~853,~~336~~231.2410 0.00 0.00 II-2-X 0.00 0.00 0.00 0.00 0.00 0.00 II-3-A 17,904,800.00 16,~~344~~333,~~254~~356.9942 8,~~457~~493.7173 23,~~440~~000.8701 0.00 0.00 II-4-A 50,555,800.00 3938,~~767~~744,~~015~~728.5320 1817,~~616~~699.4823 1229,~~003,670~~892.8505 0.00 0.00 I-B-1 5,865,700.00 5,~~856~~852,~~181~~987.6168 3,~~193~~229.9227 0.00 0.00 0.00 I-B-2 4,105,600.00 4,~~098~~096,~~937~~702.7622 2,~~235~~260.5328 0.00 0.00 0.00 I-B-3 2,346,400.00 2,~~342~~341,~~592~~314.4581 1,~~277~~291.6378 0.00 0.00 0.00 I-B-4 1,955,000.00 1,~~951~~950,~~827~~763.5807 1,~~064~~076.5130 0.00 0.00 0.00 I-B-5 977,600.00 ~~976~~975,~~013~~481.6332 ~~532~~538.3120 0.00 0.00 0.00 I-B-6 782,282.05 ~~781~~780,~~012~~586.5762 ~~425~~430.9667 0.00 0.00 0.00 II-B-1 2,740,000.00 2,~~735~~734,~~616~~139.3451 1,~~476~~483.8350 0.00 0.00 0.00 II-B-2 2,025,500.00 2,~~022~~021,~~259~~167.4573 1,~~091~~096.7265 0.00 0.00 0.00 II-B-3 1,429,600.00 1,~~427~~426,~~312~~542.8228 ~~770~~774.5402 0.00 0.00 0.00 II-B-4 714,900.00 713,~~756~~370.2593 ~~385~~387.3206 0.00 0.00 0.00 II-B-5 476,500.00 475,~~737~~480.6683 ~~256~~257.8399 0.00 0.00 0.00 II-B-6 357,631.17 ~~357~~356,~~058~~866.8308 ~~192~~193.7663 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 Totals 629,311,013.22 ~~574~~561,~~505~~045,~~002~~311.8155 ~~310~~308,~~676~~102.1363 137,~~149~~400,~~015~~023.1257 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 I-1-A ~~455~~1,~~289~~592,350.2252 4039,~~873~~281,~~617~~267.9341 0.~~93142472~~89513837 ~~455~~1,~~289~~592,350.2252 I-2-A-1 1715,~~746,003~~877.0354 4443,~~193~~477,~~124~~247.9542 0.~~90504971~~89038895 1715,~~746,003~~877.0354 I-2-A-2 21,~~793~~145,~~604~~404.8506 7069,~~708~~563,~~999~~595.9386 0.~~90504971~~89038895 21,~~793~~145,~~604~~404.8506 I-2-A-3 1709,~~730,048~~335.2091 43,~~789~~079,~~291~~955.7786 0.~~90504971~~89038895 1709,~~730,048~~335.2091 I-2-X 0.00 0.00 0.00000000 0.00 I-3-A 1426,~~142~~638.9763 32,~~749~~723,~~773~~134.1350 0.~~90273228~~90199800 1426,~~142~~638.9763 I-4-A 268,~~206,668~~127.9438 85,~~439~~371,~~247~~120.4810 0.~~84755272~~84687690 268,~~206,668~~127.9438 I-4-A-M 0.00 18,691,000.00 1.00000000 0.00 II-1-A 1,~~533~~280,~~051~~694.9289 5756,~~652~~371,~~428~~733.7889 0.~~86765969~~84838544 1,~~533~~280,~~051~~694.9289 II-1-X 0.00 0.00 0.00000000 0.00 II-2-A 1,~~934~~897,~~792~~592.3590 8886,~~144~~246,~~339~~746.8898 0.~~92174003~~90189658 1,~~934~~897,~~792~~592.3590 II-2-X 0.00 0.00 0.00000000 0.00 II-3-A 1011,~~898~~493.5874 16,~~333~~321,~~356~~862.4268 0.~~91223339~~91159145 1011,~~898~~493.5874 II-4-A 1247,~~022,287~~591.3328 38,~~744~~497,~~728~~136.2092 0.~~76637553~~76147815 1247,~~022,287~~591.3328 I-B-1 3,~~193~~229.9227 5,~~852~~849,~~987~~758.6841 0.~~99783277~~99728224 3,~~193~~229.9227 I-B-2 2,~~235~~260.5328 4,~~096~~094,~~702~~441.2295 0.~~99783277~~99728224 2,~~235~~260.5328 I-B-3 1,~~277~~291.6378 2,~~341~~340,~~314~~023.8104 0.~~99783277~~99728224 1,~~277~~291.6378 I-B-4 1,~~064~~076.5130 1,~~950~~949,~~763~~686.0777 0.~~99783277~~99728224 1,~~064~~076.5130 I-B-5 ~~532~~538.3120 ~~975~~974,~~481~~943.3211 0.~~99783277~~99728223 ~~532~~538.3120 I-B-6 ~~425~~430.9667 780,~~586~~155.6294 0.~~99783271~~99728217 ~~425~~430.9667 II-B-1 1,~~476~~483.8350 2,~~734~~732,~~139~~656.5101 0.~~99786114~~99731971 1,~~476~~483.8350 II-B-2 1,~~091~~096.7265 2,~~021~~020,~~167~~071.7308 0.~~99786114~~99731971 1,~~091~~096.7265 II-B-3 ~~770~~774.5402 1,~~426~~425,~~542~~768.2826 0.~~99786114~~99731971 ~~770~~774.5402 II-B-4 ~~385~~387.3206 ~~713~~712,~~370~~983.9386 0.~~99786114~~99731971 ~~385~~387.3206 II-B-5 ~~256~~257.8399 475,~~480~~222.8384 0.~~99786113~~99731971 ~~256~~257.8399 II-B-6 ~~192~~193.7663 356,~~866~~672.0845 0.~~99786067~~99731925 ~~192~~193.7663 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 Totals 137,~~459~~708,~~691~~126.2520 ~~561~~553,~~045~~337,~~311~~185.5534 0.~~89152311~~87927459 137,~~459~~708,~~691~~126.2520

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-1-A 43,882,900.00 ~~941~~931.~~79981610~~42472193 0.~~56934204~~55749734 935.~~80575213~~72885839 0.00000000 I-2-A-1 48,829,500.00 ~~940~~905.~~80684811~~04971278 0.~~53418855~~52727183 3514.~~22294658~~13348734 0.00000000 I-2-A-2 78,127,200.00 ~~940~~905.~~80684806~~04971290 0.~~53418861~~52727181 3514.~~22294655~~13348731 0.00000000 I-2-A-3 48,383,300.00 ~~940~~905.~~80684802~~04971281 0.~~53418866~~52727181 3514.~~22294655~~13348738 0.00000000 I-2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-3-A 36,278,500.00 ~~903~~902.~~12212743~~73228303 0.~~38984440~~44613890 0.~~00000000~~28814256 0.00000000 I-4-A 100,807,000.00 ~~869~~847.~~44276112~~55272431 0.~~53476951~~52345343 210.~~35526729~~15236650 0.00000000 I-4-A-M 18,691,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-1-A 66,445,900.00 ~~890~~867.~~73186908~~65968675 0.~~58004301~~58181257 2218.~~49213932~~69243746 0.00000000 II-1-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-2-A 95,628,200.00 ~~941~~921.~~97247496~~74002941 0.~~47534211~~46389872 19.~~75710345~~37954599 0.00000000 II-2-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-3-A 17,904,800.00 912.~~84208648~~23339105 0.~~47237110~~47438285 0.~~13632490~~16755339 0.00000000 II-4-A 50,555,800.00 ~~786~~766.~~59650386~~37553357 0.~~36823629~~35009297 194.~~85273401~~54729329 0.00000000 I-B-1 5,865,700.00 ~~998~~997.~~37727978~~83277017 0.~~54450790~~55053446 0.00000000 0.00000000 I-B-2 4,105,600.00 ~~998~~997.~~37727981~~83276988 0.~~54450750~~55053585 0.00000000 0.00000000 I-B-3 2,346,400.00 ~~998~~997.~~37728009~~83276935 0.~~54450648~~55053699 0.00000000 0.00000000 I-B-4 1,955,000.00 ~~998~~997.~~37727877~~83277238 0.~~54450639~~55053708 0.00000000 0.00000000 I-B-5 977,600.00 ~~998~~997.~~37728110~~83277414 0.~~54450696~~55053191 0.00000000 0.00000000 I-B-6 782,282.05 ~~998~~997.~~37720935~~83271264 0.~~54450949~~55053034 0.00000000 0.00000000 II-B-1 2,740,000.00 ~~998~~997.~~40012409~~86113504 0.~~53898905~~54142336 0.00000000 0.00000000 II-B-2 2,025,500.00 ~~998~~997.~~40012343~~86113552 0.~~53898790~~54142187 0.00000000 0.00000000 II-B-3 1,429,600.00 ~~998~~997.~~40012591~~86113598 0.~~53898993~~54142417 0.00000000 0.00000000 II-B-4 714,900.00 ~~998~~997.~~40012589~~86114142 0.~~53898447~~54141838 0.00000000 0.00000000 II-B-5 476,500.00 ~~998~~997.~~40012592~~86113326 0.~~53899265~~54142707 0.00000000 0.00000000 II-B-6 357,631.17 ~~998~~997.~~39963614~~86067305 0.~~53899105~~54142372 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-1-A 0.00000000 1036.~~37509417~~28635573 ~~931~~895.~~42472193~~13836620 0.~~93142472~~89513837 1036.~~37509417~~28635573 I-2-A-1 0.00000000 3514.~~75713513~~66075917 ~~905~~890.~~04971278~~38895381 0.~~90504971~~89038895 3514.~~75713513~~66075917 I-2-A-2 0.00000000 3514.~~75713516~~66075912 ~~905~~890.~~04971290~~38895366 0.~~90504971~~89038895 3514.~~75713516~~66075912 I-2-A-3 0.00000000 3514.~~75713521~~66075919 ~~905~~890.~~04971281~~38895363 0.~~90504971~~89038895 3514.~~75713521~~66075919 I-2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-3-A 0.00000000 0.~~38984440~~73428146 ~~902~~901.~~73228303~~99800157 0.~~90273228~~90199800 0.~~38984440~~73428146 I-4-A 0.00000000 210.~~89003680~~67581993 ~~847~~846.~~55272431~~87690438 0.~~84755272~~84687690 210.~~89003680~~67581993 I-4-A-M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-1-A 0.00000000 2319.~~07218233~~27425003 ~~867~~848.~~65968675~~38543672 0.~~86765969~~84838544 2319.~~07218233~~27425003 II-1-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-2-A 0.00000000 2019.~~23244555~~84344472 ~~921~~901.~~74002941~~89658469 0.~~92174003~~90189658 2019.~~23244555~~84344472 II-2-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-3-A 0.00000000 0.~~60869599~~64193624 ~~912~~911.~~23339105~~59145481 0.~~91223339~~91159145 0.~~60869599~~64193624 II-4-A 0.00000000 204.~~22097029~~89738625 ~~766~~761.~~37553357~~47814731 0.~~76637553~~76147815 204.~~22097029~~89738625 I-B-1 0.00000000 0.~~54450790~~55053446 997.~~83277017~~28223571 0.~~99783277~~99728224 0.~~54450790~~55053446 I-B-2 0.00000000 0.~~54450750~~55053585 997.~~83276988~~28223646 0.~~99783277~~99728224 0.~~54450750~~55053585 I-B-3 0.00000000 0.~~54450648~~55053699 997.~~83276935~~28223662 0.~~99783277~~99728224 0.~~54450648~~55053699 I-B-4 0.00000000 0.~~54450639~~55053708 997.~~83277238~~28223529 0.~~99783277~~99728224 0.~~54450639~~55053708 I-B-5 0.00000000 0.~~54450696~~55053191 997.~~83277414~~28223200 0.~~99783277~~99728223 0.~~54450696~~55053191 I-B-6 0.00000000 0.~~54450949~~55053034 997.~~83271264~~28216952 0.~~99783271~~99728217 0.~~54450949~~55053034 II-B-1 0.00000000 0.~~53898905~~54142336 997.~~86113504~~31971168 0.~~99786114~~99731971 0.~~53898905~~54142336 II-B-2 0.00000000 0.~~53898790~~54142187 997.~~86113552~~31971365 0.~~99786114~~99731971 0.~~53898790~~54142187 II-B-3 0.00000000 0.~~53898993~~54142417 997.~~86113598~~31971181 0.~~99786114~~99731971 0.~~53898993~~54142417 II-B-4 0.00000000 0.~~53898447~~54141838 997.~~86114142~~31970905 0.~~99786114~~99731971 0.~~53898447~~54141838 II-B-5 0.00000000 0.~~53899265~~54142707 997.~~86113326~~31970619 0.~~99786113~~99731971 0.~~53899265~~54142707 II-B-6 0.00000000 0.~~53899105~~54142372 997.~~86067305~~31924933 0.~~99786067~~99731925 0.~~53899105~~54142372 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 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 I-1-A 43,882,900.00 4.~~12235~~12612% 4140,~~328~~873,~~907~~617.1593 ~~141~~140,~~976~~541.6935 0.00 0.00 I-2-A-1 48,829,500.00 3.~~94465~~93564% 4544,~~939~~193,~~127~~124.9995 ~~151~~144,~~011~~940.4010 0.00 0.00 I-2-A-2 78,127,200.00 4.~~52565~~51664% 7370,~~502~~708,~~604~~999.7893 ~~277~~266,~~205~~139.7510 0.00 0.00 I-2-A-3 48,383,300.00 3.~~82165~~81264% 4543,~~519~~789,~~339~~291.9777 ~~144~~139,~~965~~127.7325 0.00 0.00 I-2-X 0.00 0.62300% ~~164~~158,~~961~~691,~~072~~416.7465 8582,~~642~~387.29 0.00 0.00 I-3-A 36,278,500.00 4.~~81483~~81488% 32,~~763~~749,~~916~~773.1013 131,~~460~~405.6907 0.00 0.00 I-4-A 100,807,000.00 5.~~25814~~25395% 8785,~~645~~439,~~916~~247.4248 ~~384~~374,~~045~~077.1257 0.00 0.00 I-4-A-M 18,691,000.00 5.~~25814~~25395% 18,691,000.00 81,~~899~~834.8557 0.00 0.00 II-1-A 66,445,900.00 3.~~84564~~84606% 5957,~~185~~652,~~480~~428.7078 ~~189~~184,~~671~~778.4779 0.00 0.00 II-1-X 0.00 0.14018% 5957,~~185~~652,~~480~~428.7078 6,~~913~~734.8576 0.00 0.00 II-2-A 95,628,200.00 4.~~51952~~52172% 9088,~~079~~144,~~132~~339.2388 ~~339~~332,~~262~~136.0583 0.00 0.00 II-2-X 0.00 0.22266% 9088,~~079~~144,~~132~~339.2388 16,~~714~~355.18 0.00 0.00 II-3-A 17,904,800.00 4.~~73354~~73355% 16,~~344~~333,~~254~~356.9942 64,~~471~~429.8200 0.00 0.00 II-4-A 50,555,800.00 5.~~40188~~39703% 3938,~~767~~744,~~015~~728.5320 ~~179~~174,~~013~~255.9649 0.00 0.00 I-B-1 5,865,700.00 4.~~86473~~85964% 5,~~856~~852,~~181~~987.6168 23,~~740~~702.6183 0.00 0.00 I-B-2 4,105,600.00 4.~~86473~~85964% 4,~~098~~096,~~937~~702.7622 16,~~616~~590.8541 0.00 0.00 I-B-3 2,346,400.00 4.~~86473~~85964% 2,~~342~~341,~~592~~314.4581 9,~~496~~481.7362 0.00 0.00 I-B-4 1,955,000.00 4.~~86473~~85964% 1,~~951~~950,~~827~~763.5807 7,~~912~~900.5900 0.00 0.00 I-B-5 977,600.00 4.~~86473~~85964% ~~976~~975,~~013~~481.6332 3,~~956~~950.7040 0.00 0.00 I-B-6 782,282.05 4.~~86473~~85964% ~~781~~780,~~012~~586.5762 3,~~166~~161.1814 0.00 0.00 II-B-1 2,740,000.00 4.~~66827~~66828% 2,~~735~~734,~~616~~139.3451 10,~~642~~636.1744 0.00 0.00 II-B-2 2,025,500.00 4.~~66827~~66828% 2,~~022~~021,~~259~~167.4573 7,~~867~~862.0581 0.00 0.00 II-B-3 1,429,600.00 4.~~66827~~66828% 1,~~427~~426,~~312~~542.8228 5,~~552~~549.5758 0.00 0.00 II-B-4 714,900.00 4.~~66827~~66828% 713,~~756~~370.2593 2,~~776~~775.6718 0.00 0.00 II-B-5 476,500.00 4.~~66827~~66828% 475,~~737~~480.6683 1,~~850~~849.73 0.00 0.00 II-B-6 357,631.17 4.~~66827~~66828% ~~357~~356,~~058~~866.8308 1,~~389~~388.0429 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 R-III 50.00 0.00000% 0.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 629,311,013.22 2,~~289~~233,~~222~~990.7478 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 I-1-A 93351.9176 0.00 ~~141~~140,~~882~~189.7858 0.00 4039,~~873~~281,~~617~~267.9341 I-2-A-1 99362.8977 0.00 ~~150~~144,~~911~~577.5132 0.00 4443,~~193~~477,~~124~~247.9542 I-2-A-2 ~~183~~666.3613 0.00 ~~277~~265,~~022~~472.3997 0.00 7069,~~708~~563,~~999~~595.9386 I-2-A-3 95348.8922 0.00 ~~144~~138,~~869~~779.8502 0.00 43,~~789~~079,~~291~~955.7786 I-2-X 56206.6521 0.00 8582,~~585~~181.6408 0.00 ~~158~~156,~~691~~120,~~416~~799.6514 I-3-A 86328.9590 0.00 131,~~373~~076.7317 0.00 32,~~749~~723,~~773~~134.1350 I-4-A ~~254~~936.0229 0.00 ~~383~~373,~~791~~141.1028 0.00 85,~~439~~371,~~247~~120.4810 I-4-A-M 54204.1783 0.00 81,~~845~~629.6874 0.00 18,691,000.00 II-1-A ~~125~~462.4648 0.00 ~~189~~184,~~546~~316.0132 0.00 5756,~~652~~371,~~428~~733.7889 II-1-X 416.5786 0.00 6,~~909~~717.2891 0.00 5756,~~652~~371,~~428~~733.7889 II-2-A ~~224~~831.4229 0.00 ~~339~~331,~~037~~305.6454 0.00 8886,~~144~~246,~~339~~746.8898 II-2-X 1140.0693 0.00 16,~~703~~314.1325 0.00 8886,~~144~~246,~~339~~746.8898 II-3-A 42161.6526 0.00 64,~~429~~267.1775 0.00 16,~~333~~321,~~356~~862.4268 II-4-A ~~118~~436.4114 0.00 ~~178~~173,~~895~~819.5436 0.00 38,~~744~~497,~~728~~136.2092 I-B-1 1559.7033 0.00 23,~~724~~643.9150 0.00 5,~~852~~849,~~987~~758.6841 I-B-2 1041.9952 0.00 16,~~605~~548.8688 0.00 4,~~096~~094,~~702~~441.2295 I-B-3 623.2873 0.00 9,~~490~~457.4589 0.00 2,~~341~~340,~~314~~023.8104 I-B-4 519.2377 0.00 7,~~907~~880.3623 0.00 1,~~950~~949,~~763~~686.0777 I-B-5 29.6289 0.00 3,~~954~~940.0852 0.00 ~~975~~974,~~481~~943.3211 I-B-6 27.0991 0.00 3,~~164~~153.0823 0.00 780,~~586~~155.6294 II-B-1 726.0462 0.00 10,~~635~~609.1382 0.00 2,~~734~~732,~~139~~656.5101 II-B-2 519.2068 0.00 7,~~861~~843.8413 0.00 2,~~021~~020,~~167~~071.7308 II-B-3 313.6789 0.00 5,~~548~~535.9069 0.00 1,~~426~~425,~~542~~768.2826 II-B-4 16.8495 0.00 2,~~774~~768.8423 0.00 ~~713~~712,~~370~~983.9386 II-B-5 14.2263 0.00 1,~~849~~845.5010 0.00 475,~~480~~222.8384 II-B-6 03.9247 0.00 1,~~388~~384.1282 0.00 356,~~866~~672.0845 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 8.4210 0.00 0.00 Totals 15,~~514~~591.2146 0.00 2,~~287~~228,~~716~~407.9443 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 I-1-A 43,882,900.00 4.~~12235~~12612% ~~941~~931.~~79981610~~42472193 3.~~23535341~~20264499 0.00000000 0.00000000 I-2-A-1 48,829,500.00 3.~~94465~~93564% ~~940~~905.~~80684811~~04971278 32.~~09262638~~96828966 0.00000000 0.00000000 I-2-A-2 78,127,200.00 4.~~52565~~51664% ~~940~~905.~~80684806~~04971290 3.~~54813368~~40648455 0.00000000 0.00000000 I-2-A-3 48,383,300.00 3.~~82165~~81264% ~~940~~905.~~80684802~~04971281 2.~~99619352~~87552213 0.00000000 0.00000000 I-2-X 0.00 0.62300% ~~940~~905.~~80684807~~04971284 0.~~48843555~~46987162 0.00000000 0.00000000 I-3-A 36,278,500.00 4.~~81483~~81488% ~~903~~902.~~12212743~~73228303 3.~~62365285~~62211971 0.00000000 0.00000000 I-4-A 100,807,000.00 5.~~25814~~25395% ~~869~~847.~~44276112~~55272431 3.~~80970687~~71082931 0.00000000 0.00000000 I-4-A-M 18,691,000.00 5.~~25814~~25395% 1000.00000000 4.~~38178000~~37828741 0.00000000 0.00000000 II-1-A 66,445,900.00 3.~~84564~~84606% ~~890~~867.~~73186908~~65968675 2.~~85452481~~78089077 0.00000000 0.00000000 II-1-X 0.00 0.14018% ~~890~~867.~~73186908~~65968675 0.~~10405232~~10135704 0.00000000 0.00000000 II-2-A 95,628,200.00 4.~~51952~~52172% ~~941~~921.~~97247496~~74002941 3.~~54771971~~47321010 0.00000000 0.00000000 II-2-X 0.00 0.22266% ~~941~~921.~~97247496~~74002941 0.~~17478296~~17102884 0.00000000 0.00000000 II-3-A 17,904,800.00 4.~~73354~~73355% 912.~~84208648~~23339105 3.~~60081207~~59842054 0.00000000 0.00000000 II-4-A 50,555,800.00 5.~~40188~~39703% ~~786~~766.~~59650386~~37553357 3.~~54091835~~44679522 0.00000000 0.00000000 I-B-1 5,865,700.00 4.~~86473~~85964% ~~998~~997.~~37727978~~83277017 4.~~04736178~~04092095 0.00000000 0.00000000 I-B-2 4,105,600.00 4.~~86473~~85964% ~~998~~997.~~37727981~~83276988 4.~~04736214~~04092216 0.00000000 0.00000000 I-B-3 2,346,400.00 4.~~86473~~85964% ~~998~~997.~~37728009~~83276935 4.~~04736192~~04092226 0.00000000 0.00000000 I-B-4 1,955,000.00 4.~~86473~~85964% ~~998~~997.~~37727877~~83277238 4.~~04736061~~04092072 0.00000000 0.00000000 I-B-5 977,600.00 4.~~86473~~85964% ~~998~~997.~~37728110~~83277414 4.~~04736088~~04091653 0.00000000 0.00000000 I-B-6 782,282.05 4.~~86473~~85964% ~~998~~997.~~37720935~~83271264 4.~~04736374~~04092105 0.00000000 0.00000000 II-B-1 2,740,000.00 4.~~66827~~66828% ~~998~~997.~~40012409~~86113504 3.~~88400365~~88191241 0.00000000 0.00000000 II-B-2 2,025,500.00 4.~~66827~~66828% ~~998~~997.~~40012343~~86113552 3.~~88400395~~88191064 0.00000000 0.00000000 II-B-3 1,429,600.00 4.~~66827~~66828% ~~998~~997.~~40012591~~86113598 3.~~88400252~~88191102 0.00000000 0.00000000 II-B-4 714,900.00 4.~~66827~~66828% ~~998~~997.~~40012589~~86114142 3.~~88399776~~88191355 0.00000000 0.00000000 II-B-5 476,500.00 4.~~66827~~66828% ~~998~~997.~~40012592~~86113326 3.~~88400839~~88190976 0.00000000 0.00000000 II-B-6 357,631.17 4.~~66827~~66828% ~~998~~997.~~39963614~~86067305 3.~~88400150~~88190437 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-1-A 0.~~00214001~~00801588 0.00000000 3.~~23321339~~19462889 0.00000000 ~~931~~895.~~42472193~~13836620 I-2-A-1 0.~~00204569~~00742932 0.00000000 32.~~09058069~~96086014 0.00000000 ~~905~~890.~~04971278~~38895381 I-2-A-2 0.~~00234694~~00852622 0.00000000 3.~~54578674~~39795833 0.00000000 ~~905~~890.~~04971290~~38895366 I-2-A-3 0.~~00198188~~00719711 0.00000000 2.~~99421185~~86832481 0.00000000 ~~905~~890.~~04971281~~38895363 I-2-X 0.~~00032309~~00117606 0.00000000 0.~~48811247~~46869556 0.00000000 ~~905~~890.~~04971284~~38895369 I-3-A 0.~~00239674~~00906598 0.00000000 3.~~62125584~~61305374 0.00000000 ~~902~~901.~~73228303~~99800157 I-4-A 0.~~00251986~~00928795 0.00000000 3.~~80718700~~70154136 0.00000000 ~~847~~846.~~55272431~~87690438 I-4-A-M 0.~~00289819~~01095875 0.00000000 4.~~37888181~~36732866 0.00000000 1000.00000000 II-1-A 0.~~00188815~~00696025 0.00000000 2.~~85263666~~77393067 0.00000000 ~~867~~848.~~65968675~~38543672 II-1-X 0.~~00006878~~00025374 0.00000000 0.~~10398354~~10110345 0.00000000 ~~867~~848.~~65968675~~38543672 II-2-A 0.~~00234680~~00869294 0.00000000 3.~~54537302~~46451716 0.00000000 ~~921~~901.~~74002941~~89658469 II-2-X 0.~~00011566~~00042801 0.00000000 0.~~17466741~~17060083 0.00000000 ~~921~~901.~~74002941~~89658469 II-3-A 0.~~00238204~~00900652 0.00000000 3.~~59843003~~58941457 0.00000000 ~~912~~911.~~23339105~~59145481 II-4-A 0.~~00234216~~00862690 0.00000000 3.~~53857599~~43816852 0.00000000 ~~766~~761.~~37553357~~47814731 I-B-1 0.~~00267658~~01011473 0.00000000 4.~~04468520~~03080621 0.00000000 997.~~83277017~~28223571 I-B-2 0.~~00267683~~01011302 0.00000000 4.~~04468531~~03080670 0.00000000 997.~~83276988~~28223646 I-B-3 0.~~00267644~~01011337 0.00000000 4.~~04468548~~03080890 0.00000000 997.~~83276935~~28223662 I-B-4 0.~~00267519~~01011253 0.00000000 4.~~04468542~~03080818 0.00000000 997.~~83277238~~28223529 I-B-5 0.~~00268003~~01011661 0.00000000 4.~~04468085~~03081015 0.00000000 997.~~83277414~~28223200 I-B-6 0.~~00267167~~01011144 0.00000000 4.~~04467928~~03080960 0.00000000 997.~~83271264~~28216952 II-B-1 0.~~00256934~~00971533 0.00000000 3.~~88143431~~87219708 0.00000000 997.~~86113504~~31971168 II-B-2 0.~~00256727~~00971612 0.00000000 3.~~88143175~~87219452 0.00000000 997.~~86113552~~31971365 II-B-3 0.~~00256715~~00971600 0.00000000 3.~~88143537~~87219502 0.00000000 997.~~86113598~~31971181 II-B-4 0.~~00257379~~00972164 0.00000000 3.~~88143796~~87219191 0.00000000 997.~~86114142~~31970905 II-B-5 0.~~00256034~~00971668 0.00000000 3.~~88142707~~87219307 0.00000000 997.~~86113326~~31970619 II-B-6 0.~~00257248~~00970273 0.00000000 3.~~88142902~~87220163 0.00000000 997.~~86067305~~31924933 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 ~~168~~162.~~40000000~~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 1510,~~947~~059,~~955~~880.9909 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2722,~~869~~776.5367 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 1510,~~975~~082,~~825~~656.5276 Withdrawals Reimbursement for Servicer Advances ~~107~~27,~~358~~869.7353 Payment of Service Fee ~~121~~118,~~058~~253.60 Payment of Interest and Principal 159,~~747~~936,~~408~~533.1963 Total Withdrawals (Pool Distribution Amount) 1510,~~975~~082,~~825~~656.5276 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 15,~~514~~591.2146 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 15,~~514~~591.2146

SERVICING FEES Gross Servicing Fee ~~106~~104,~~972~~542.1613 Additional Servicing Fee 12,~~881~~507.7258 Miscellaneous Fee 1,~~204~~203.7289 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~121~~118,~~058~~253.60

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 54,~~306~~609,~~836~~943.4716 0.00 0.00 0.00 54,~~306~~609,~~836~~943.4716 60 Days 20 0 0 0 20 ~~1,012,565~~0.2300 0.00 0.00 0.00 ~~1,012,565~~0.2300 90 Days 1 0 0 0 1 ~~145~~387,~~277~~565.5223 0.00 0.00 0.00 ~~145~~387,~~277~~565.5223 120 Days 01 0 0 0 01 0145,277.0052 0.00 0.00 0.00 0145,277.0052 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1312 0 0 0 1312 65,~~464~~142,~~679~~785.2291 0.00 0.00 0.00 65,~~464~~142,~~679~~785.2291 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~806452~~816993% 0.000000% 0.000000% 0.000000% 0.~~806452~~816993% 0.~~945522~~832803% 0.000000% 0.000000% 0.000000% 0.~~945522~~832803% 60 Days 0.~~161290~~000000% 0.000000% 0.000000% 0.000000% 0.~~161290~~000000% 0.~~180409~~000000% 0.000000% 0.000000% 0.000000% 0.~~180409~~000000% 90 Days 0.~~080645~~081699% 0.000000% 0.000000% 0.000000% 0.~~080645~~081699% 0.~~025884~~070015% 0.000000% 0.000000% 0.000000% 0.~~025884~~070015% 120 Days 0.~~000000~~081699% 0.000000% 0.000000% 0.000000% 0.~~000000~~081699% 0.~~000000~~026245% 0.000000% 0.000000% 0.000000% 0.~~000000~~026245% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 10.~~048387~~980392% 0.000000% 0.000000% 0.000000% 10.~~048387~~980392% 10.~~151815~~929063% 0.000000% 0.000000% 0.000000% 10.~~151815~~929063%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 760,000.00 0.00 0.00 0.00 760,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 760,000.00 0.00 0.00 0.00 760,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~333333~~351351% 0.000000% 0.000000% 0.000000% 1.~~333333~~351351% 1.~~878769~~890367% 0.000000% 0.000000% 0.000000% 1.~~878769~~890367% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~333333~~351351% 0.000000% 0.000000% 0.000000% 1.~~333333~~351351% 1.~~878769~~890367% 0.000000% 0.000000% 0.000000% 1.~~878769~~890367% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 5 0 0 0 5 12,~~969~~161,~~136~~643.4705 0.00 0.00 0.00 12,~~969~~161,~~136~~643.4705 60 Days 20 0 0 0 20 ~~1,012,565~~0.2300 0.00 0.00 0.00 ~~1,012,565~~0.2300 90 Days 1 0 0 0 1 ~~145~~387,~~277~~565.5223 0.00 0.00 0.00 ~~145~~387,~~277~~565.5223 120 Days 01 0 0 0 01 0145,277.0052 0.00 0.00 0.00 0145,277.0052 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 87 0 0 0 87 32,~~126~~694,~~979~~485.2280 0.00 0.00 0.00 32,~~126~~694,~~979~~485.2280 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~344086~~366120% 0.000000% 0.000000% 0.000000% 1.~~344086~~366120% 1.~~184511~~320797% 0.000000% 0.000000% 0.000000% 1.~~184511~~320797% 60 Days 0.~~537634~~000000% 0.000000% 0.000000% 0.000000% 0.~~537634~~000000% 0.~~609097~~000000% 0.000000% 0.000000% 0.000000% 0.~~609097~~000000% 90 Days 0.~~268817~~273224% 0.000000% 0.000000% 0.000000% 0.~~268817~~273224% 0.~~087390~~236808% 0.000000% 0.000000% 0.000000% 0.~~087390~~236808% 120 Days 0.~~000000~~273224% 0.000000% 0.000000% 0.000000% 0.~~000000~~273224% 0.~~000000~~088767% 0.000000% 0.000000% 0.000000% 0.~~000000~~088767% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 21.~~150538~~912568% 0.000000% 0.000000% 0.000000% 21.~~150538~~912568% 1.~~880997~~646372% 0.000000% 0.000000% 0.000000% 1.~~880997~~646372% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~379~~411,~~700~~349.0080 0.00 0.00 0.00 ~~379~~411,~~700~~349.0080 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 ~~379~~411,~~700~~349.0080 0.00 0.00 0.00 ~~379~~411,~~700~~349.0080 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.427350% 0.000000% 0.000000% 0.000000% 0.427350% 0.~~347491~~376706% 0.000000% 0.000000% 0.000000% 0.~~347491~~376706% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.427350% 0.000000% 0.000000% 0.000000% 0.427350% 0.~~347491~~376706% 0.000000% 0.000000% 0.000000% 0.~~347491~~376706% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 ~~412~~196,~~000~~950.0031 0.00 0.00 0.00 ~~412~~196,~~000~~950.0031 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 ~~412~~196,~~000~~950.0031 0.00 0.00 0.00 ~~412~~196,~~000~~950.0031 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~666667~~680272% 0.000000% 0.000000% 0.000000% 0.~~666667~~680272% 0.~~687703~~335937% 0.000000% 0.000000% 0.000000% 0.~~687703~~335937% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.~~666667~~680272% 0.000000% 0.000000% 0.000000% 0.~~666667~~680272% 0.~~687703~~335937% 0.000000% 0.000000% 0.000000% 0.~~687703~~335937% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 12 0 0 0 12 1,~~212~~080,000.00 0.00 0.00 0.00 1,~~212~~080,000.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 1,~~212~~080,000.00 0.00 0.00 0.00 1,~~212~~080,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~500000~~010101% 0.000000% 0.000000% 0.000000% 01.~~500000~~010101% 1.~~326427~~207061% 0.000000% 0.000000% 0.000000% 1.~~326427~~207061% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~500000~~010101% 0.000000% 0.000000% 0.000000% 01.~~500000~~010101% 1.~~326427~~207061% 0.000000% 0.000000% 0.000000% 1.~~326427~~207061% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II-3 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 10 0 0 0 10 ~~574,000~~0.00 0.00 0.00 0.00 ~~574,000~~0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 0 0 0 10 ~~574,000~~0.00 0.00 0.00 0.00 ~~574,000~~0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 30.~~125000~~000000% 0.000000% 0.000000% 0.000000% 30.~~125000~~000000% 30.~~388155~~000000% 0.000000% 0.000000% 0.000000% 30.~~388155~~000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 30.~~125000~~000000% 0.000000% 0.000000% 0.000000% 30.~~125000~~000000% 30.~~388155~~000000% 0.000000% 0.000000% 0.000000% 30.~~388155~~000000%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2722,~~869~~776.5367

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~034504~~031150% Weighted Average Net Coupon 4.~~811065~~807548% Weighted Average Pass-Through Rate 4.~~781642~~778221% Weighted Average Maturity(Stepdown Calculation ) ~~356~~355 Beginning Scheduled Collateral Loan Count 1,~~268~~240 Number Of Loans Paid In Full 2816 Ending Scheduled Collateral Loan Count 1,~~240~~224 Beginning Scheduled Collateral Balance ~~574~~561,~~505~~045,~~002~~311.8762 Ending Scheduled Collateral Balance ~~561~~553,~~045~~337,~~311~~185.6243 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 ~~561~~553,~~260~~545,~~194~~325.9969 Monthly P &I Constant 2,~~722~~660,~~950~~355.4709 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 ~~561~~553,~~045~~337,~~311~~185.6243 Scheduled Principal ~~312~~308,~~660~~102.6862 Unscheduled Principal 137,~~147~~400,~~030~~023.57

Group Level Collateral Statement Group Group I-1 Group I-2 Group I-3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~385373~~389280 5.~~046851~~037998 5.~~064834~~064876 Weighted Average Net Rate 4.~~134110~~138003 4.~~851998~~843759 4.~~814834~~814875 Weighted Average Maturity ~~355~~354 354 355 ~~356~~ Beginning Loan Count ~~108~~107 ~~384~~372 70 Loans Paid In Full 14 126 0 Ending Loan Count ~~107~~103 ~~372~~366 70 Beginning Scheduled Balance 4342,~~201~~745,~~517~~095.1589 ~~172~~166,~~444~~170,~~800~~895.6835 34,~~312~~297,~~771~~866.3902 Ending scheduled Balance 4241,~~745~~151,~~095~~625.8921 ~~166~~163,~~170~~595,~~895~~920.3538 34,~~297~~270,~~866~~462.0231 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant ~~183~~181,~~995~~934.4191 ~~823~~794,~~166~~449.6085 161,~~713~~712.6735 Scheduled Principal 2625,~~116~~584.4276 9796,~~913~~809.8830 16,~~889~~950.9233 Unscheduled Principal ~~430~~1,~~304~~567,885.8492 62,~~175~~478,~~991~~165.4567 (110,~~984~~453.~~55)~~38 Scheduled Interest ~~157~~156,~~878~~350.9915 ~~725~~697,~~252~~640.7255 144,~~823~~762.7502 Servicing Fees 98,~~045~~950.8269 2826,~~001~~897.2446 7,~~148~~145.4940 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 423.5217 8,~~528~~325.8433 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~148~~146,~~409~~976.6529 ~~688~~662,~~722~~417.6476 137,~~675~~616.2662 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~122345~~126124 4.~~792648~~783637 4.~~814834~~814876

Group Level Collateral Statement Group Group I-4 Group II-1 Group II-2 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.~~509088~~504915 4.~~235815~~236237 4.~~994096~~996336 Weighted Average Net Rate 5.~~258439~~254254 3.~~985815~~986238 4.~~807861~~809207 Weighted Average Maturity ~~355~~354 ~~355~~354 ~~355~~354 Beginning Loan Count ~~240~~234 ~~153~~150 ~~204~~200 Loans Paid In Full 60 3 42 Ending Loan Count 234 ~~150~~147 ~~200~~198 Beginning Scheduled Balance ~~111~~109,~~438~~229,~~288~~033.7259 6159,~~413~~878,~~211~~708.4988 9391,~~286~~350,~~735~~324.5860 Ending scheduled Balance 109,~~229~~158,~~033~~322.5941 5958,~~878~~596,~~708~~521.8815 9189,~~350~~451,~~324~~118.6017 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant ~~568~~556,~~097~~432.4405 ~~256~~251,~~771~~535.3559 ~~435~~426,~~310~~322.5375 Scheduled Principal 5655,~~494~~351.7057 3940,~~992~~151.1790 4745,~~074~~975.7433 Unscheduled Principal 215,~~152,760~~359.4361 1,~~494~~242,~~510~~035.4483 1,~~889~~853,~~336~~231.2410 Scheduled Interest ~~511~~501,~~602~~080.7448 ~~216~~211,~~779~~383.1869 ~~388~~380,~~235~~347.7942 Servicing Fees 2322,~~276~~816.5126 12,~~794~~474.4172 14,~~477~~245.7722 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 28.1613 0.00 54,~~105~~934.9284 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest ~~488~~478,~~298~~236.0709 ~~203~~198,~~984~~908.7797 ~~368~~361,~~652~~167.1036 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~258136~~253945 3.~~985815~~986237 4.~~742180~~744382

Group Level Collateral Statement Group Group II-3 Group II-4 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~983540~~983553 5.~~653609~~648802 5.~~034504~~031150 Weighted Average Net Rate 4.~~733540~~733553 5.~~401882~~397033 4.~~811065~~807548 Weighted Average Maturity 3029.00 ~~355~~354.00 ~~356~~355.00 Record Date 0607/3031/2004 0607/3031/2004 0607/3031/2004 Principal And Interest Constant 79,~~139~~130.6365 ~~214~~208,~~755~~836.8494 2,~~722~~660,~~950~~355.4709 Beginning Loan Count 32 7775 1,~~268~~240 Loans Paid In Full 0 21 2816 Ending Loan Count 32 7574 1,~~240~~224 Beginning Scheduled Balance 16,~~944~~933,~~854~~644.0669 4140,~~462~~439,~~823~~742.8060 ~~574~~561,~~505~~045,~~002~~311.8762 Ending Scheduled Balance 16,~~933~~921,~~644~~838.6979 40,~~439~~191,~~742~~377.6001 ~~561~~553,~~045~~337,~~311~~185.6243 Scheduled Principal 8,~~768~~805.5089 1918,~~410~~473.3554 ~~312~~308,~~660~~102.6862 Unscheduled Principal 23,~~440~~000.8701 1229,~~003,670~~892.8505 137,~~147~~400,~~030~~023.57 Scheduled Interest 70,~~371~~324.1376 ~~195~~190,~~345~~363.4940 2,~~410~~352,~~289~~252.7947 Servicing Fee 3,~~530~~527.1884 8,~~697~~484.7454 ~~106~~104,~~972~~542.1613 Master Servicing Fee 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 Fry Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 1413,~~086~~711.4447 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 66,~~840~~796.9592 ~~186~~181,~~647~~878.7586 2,~~289~~233,~~231~~998.1987 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.~~733540~~733553 5.~~401883~~397033 4.~~781642~~778221

Miscellaneous Reporting Group Group I-1 Avearge Loss Severity % Group I-1 0.000000% Senior Percentage Group I-1 95.~~665407~~621772% Senior Prep. Percentage Group I-1 100.000000% Subordinate Percentage Group I-1 4.~~334593~~378228% Subordinate Prep. Percentage Group I-1 0.000000% Group Group I-2 Avearge Loss Severity % Group I-2 0.000000% Senior Percentage Group I-2 95.~~660219~~498924% Senior Prep. Percentage Group I-2 100.000000% Subordinate Percentage Group I-2 4.~~339781~~501076% Subordinate Prep. Percentage Group I-2 0.000000% Group Group I-3 Avearge Loss Severity % Group I-3 0.000000% Senior Percentage Group I-3 95.~~486068~~486329% Senior Prep. Percentage Group I-3 100.000000% Subordinate Percentage Group I-3 4.~~513932~~513671% Subordinate Prep. Percentage Group I-3 0.000000%

Miscellaneous Reporting Group Group I-4 Avearge Loss Severity % Group I-4 0.000000% Senior Percentage Group I-4 95.~~422245~~332024% Senior Prep. Percentage Group I-4 100.000000% Subordinate Percentage Group I-4 4.~~577755~~667976% Subordinate Prep. Percentage Group I-4 0.000000% Group Group II-1 Avearge Loss Severity % Group II-1 0.000000% Senior Percentage Group II-1 96.~~372555~~282018% Senior Prep. Percentage Group II-1 100.000000% Subordinate Percentage Group II-1 3.~~627445~~717982% Subordinate Prep. Percentage Group II-1 0.000000% Group Group II-2 Avearge Loss Severity % Group II-2 0.000000% Senior Percentage Group II-2 96.~~561566~~490451% Senior Prep. Percentage Group II-2 100.000000% Subordinate Percentage Group II-2 3.~~438434~~509549% Subordinate Prep. Percentage Group II-2 0.000000%

Miscellaneous Reporting Group Group II-3 Avearge Loss Severity % Group II-3 0.000000% Senior Percentage Group II-3 96.~~455567~~455056% Senior Prep. Percentage Group II-3 100.000000% Subordinate Percentage Group II-3 3.~~544433~~544944% Subordinate Prep. Percentage Group II-3 0.000000% Group Group II-4 Avearge Loss Severity % Group II-4 0.000000% Senior Percentage Group II-4 95.~~910052~~808544% Senior Prep. Percentage Group II-4 100.000000% Subordinate Percentage Group II-4 4.~~089948~~191456% Subordinate Prep. Percentage Group II-4 0.000000%

Group

Filing Compare · STRUCTURED ASSET MORT INV II INC BEAR STEARNS ARM TR 2004 2