8-K 1 bsl04002_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 ALT-A TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-18 54-2147341 Pooling and Servicing Agreement) (Commission 54-2147342 (State or other File Number) 54-2147343 jurisdiction IRS EIN of Incorporation) 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 ALT-A 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 ALT-A 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: 8/31/04 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

~~ARTICLE~~Bear IStearns ~~DEFINITIONS~~ALT-A ~~ARTICLE~~Trust IIMortgage ~~CONVEYANCE~~Pass-Through OFCertificates ~~MORTGAGE~~Record ~~LOANS;~~Date: ~~ORIGINAL~~7/31/04 ~~ISSUANCE~~Distribution OFDate: ~~CERTIFICATES~~8/25/04 ~~Section~~BSL Series: 2004-2~~.01~~ ~~Conveyance~~Contact: ofCustomer ~~Mortgage~~Service ~~Loans~~- toCTSLink ~~Trustee~~Wells Fargo Bank, N.A.~~.........................................37~~ ~~Section~~Securities ~~2.02~~Administration ~~Acceptance~~Services of7485 ~~Mortgage~~New ~~Loans~~Horizon byWay ~~Trustee...........................................39~~Frederick, ~~Section~~MD ~~2.03~~21703 ~~Assignment~~Telephone: of(301) ~~Interest~~815-6600 inFax: ~~the~~(301) ~~Mortgage~~815-6660 ~~Loan~~Certificateholder ~~Purchase~~Distribution ~~Agreement....................41~~Summary ~~Section~~Certificate ~~2.04~~Certificate ~~Substitution~~Beginning ofClass ~~Mortgage~~Pass-Through ~~Loans....................................................42~~Certificate ~~Section~~Interest ~~2.05~~Principal ~~Issuance~~Class ofCUSIP ~~Certificates..........................................................43~~Description ~~Section~~Rate ~~2.06~~Balance ~~Representations~~Distribution ~~and~~Distribution ~~Warranties~~I-A-1 ~~Concerning~~07386HGL9 ~~the~~SEN ~~Depositor~~2.68253% 32,703,249.08 72,704.22 3,046,269.~~.......................43~~15 ~~ARTICLE~~I-X-A-1 ~~III~~07386HHA2 ~~ADMINISTRATION~~SEN ~~AND~~2.61100% ~~SERVICING~~0.00 OF70,765.64 ~~MORTGAGE~~0.00 ~~LOANS~~I-A-2 ~~Section~~07386HGM7 SEN 3.0130653% ~~Master~~12,263,729.07 ~~Servicer~~33,606.~~..................................................................45~~19 ~~Section 3~~1,142,351.0292 ~~REMIC~~I-~~Related~~X-A-2 ~~Covenants~~07386HHB0 SEN 1.98700% 0.00 20,195.06 0.~~.......................................................46~~00 ~~Section~~ I-A-3~~.03~~ ~~Monitoring~~07386HGN5 ofSEN ~~Servicers~~5.29353% 40,031,643.70 175,619.~~........................................................46~~68 ~~Section~~ 3,728,900.0448 ~~Fidelity~~II-A-1 ~~Bond.....................................................................47~~07386HGP0 ~~Section~~SEN 3.0559341% ~~Power~~65,040,051.12 ~~to Act; Procedures~~194,133.~~.........................................................47~~62 ~~Section 3~~2,207,370.0687 ~~Due~~II-onX-~~Sale~~A-1 ~~Clauses;~~07386HHC8 ~~Assumption~~SEN ~~Agreements~~1.82400% 0.00 98,541.~~.....................................~~48 ~~Section 3~~0.0700 ~~Release~~II-A-2 of07386HGQ8 ~~Mortgage~~SEN ~~Files~~3.41441% 43,360,004.~~.......................................................48~~26 ~~Section 3~~122,975.0835 ~~Documents~~1,471,579.57 ~~Records~~II-X-A-2 ~~and~~07386HHD6 ~~Funds~~SEN in2.00300% ~~Possession~~0.00 of72,141.25 ~~Master~~0.00 ~~Servicer~~II-A-3 To07386HGR6 BeSEN ~~Held~~4.38441% ~~for~~34,042,306.52 ~~Trustee~~123,977.62 1,155,349.~~.........................................................................49~~58 ~~Section~~ II-X-A-3~~.09~~ ~~Standard~~07386HHE4 ~~Hazard~~SEN ~~Insurance~~1.03300% ~~and~~0.00 ~~Flood Insurance Policies~~29,210.~~...........................50~~08 ~~Section 3~~0.1000 ~~Presentment~~III-A-1 of07386HGS4 ~~Claims~~SEN ~~and~~4.74329% ~~Collection~~16,766,573.61 ~~of Proceeds~~64,378.~~.................................50~~19 ~~Section 3~~281,507.1176 ~~Maintenance~~III-X-A-1 of07386HHF1 ~~the~~SEN ~~Primary~~0.44800% ~~Mortgage~~0.00 ~~Insurance~~6,080.47 ~~Policies~~0.~~...........................51~~00 ~~Section~~IV-A-1 ~~3.12~~07386HGT2 ~~Trustee~~SEN to5.14143% ~~Retain~~89,264,087.27 ~~Possession~~380,383.48 of1,809,054.42 ~~Certain~~V-A-1 ~~Insurance~~07386HGU9 ~~Policies~~SEN ~~and~~5.31160% ~~Documents~~161,801,517.62 714,104.~~........51~~60 ~~Section~~ 3,963,858.1344 ~~Realization~~R ~~Upon~~07386HGV7 ~~Defaulted~~RES ~~Mortgage~~0.00000% ~~Loans~~0.00 0.~~.......................................51~~00 ~~Section 3~~0.1400 ~~Compensation~~M ~~for~~07386HGW5 ~~the~~SUB ~~Master~~5.30473% ~~Servicer~~20,369,044.67 89,613.82 6,127.~~...........................................52~~68 ~~Section~~B-1 ~~3.15~~07386HGX3 ~~REO~~SUB ~~Property~~5.30473% 13,376,571.26 58,850.~~...................................................................52~~36 ~~Section 3~~4,024.1611 ~~Annual~~B-2 ~~Officer's~~07386HGY1 ~~Certificate~~SUB as5.30473% to9,728,515.34 ~~Compliance~~42,800.70 2,926.~~...................................53~~66 ~~Section~~ B-3~~.17~~ ~~Annual~~07386HGZ8 ~~Independent~~SUB ~~Accountant's~~5.30473% ~~Servicing~~6,992,273.64 ~~Report~~30,762.~~.................................53~~58 ~~Section 3~~2,103.1851 ~~Reports~~B-4 ~~Filed~~07386HHG9 ~~with~~SUB ~~Securities~~5.30473% ~~and~~5,168,345.57 ~~Exchange~~22,738.19 ~~Commission~~1,554.~~............................54~~81 ~~Section~~B-5 ~~3.19~~07386HHH7 ~~The~~SUB ~~Company~~5.~~......................................................................54~~30473% ~~Section~~ 3,040,179.2077 ~~UCC~~13,375.~~..............................................................................54~~30 ~~Section 3~~914.2159 ~~Optional~~B-6 ~~Purchase~~07386HHJ3 ofSUB ~~Defaulted~~5.30473% ~~Mortgage~~2,128,230.72 ~~Loans~~9,363.17 640.~~...................................55~~24 ~~ARTICLE~~Totals IV556,076,323.22 ~~ACCOUNTS Section 4~~2,446,321.0105 ~~Protected Accounts~~18,824,533.~~...............................................................56~~79

~~Section~~Certificateholder ~~4.02~~Distribution ~~Master~~Summary ~~Servicer~~(continued) ~~Collection~~Current ~~Account................................................57~~Ending ~~Section~~Cumulative ~~4.03~~Realized ~~Permitted~~Certificate ~~Withdrawals~~Total ~~and~~Realized ~~Transfers~~Class ~~from~~Loss ~~the~~Balance ~~Master~~Distribution ~~Servicer~~Losses ~~Collection~~I-A-1 ~~Account~~0.00 29,656,979.93 3,118,973.5837 ~~Section 4~~0.0400 ~~Distribution~~I-X-A-1 ~~Account~~0.00 0.00 70,765.64 0.~~..........................................................59~~00 ~~Section~~I-A-2 40.0500 ~~Permitted~~11,121,377.15 ~~Withdrawals~~1,175,958.11 ~~and~~0.00 ~~Transfers~~I-X-A-2 ~~from~~0.00 ~~the~~0.00 ~~Distribution~~20,195.06 ~~Account~~0.~~................59~~00 ~~ARTICLE~~I-A-3 V0.00 ~~CERTIFICATES~~36,302,743.22 ~~Section 5~~3,904,520.0116 ~~Certificates~~0.~~.....................................................................62~~00 ~~Section~~II-A-1 50.0200 ~~Registration~~62,832,680.25 of2,401,504.49 ~~Transfer~~0.00 ~~and~~II-X-A-1 ~~Exchange~~0.00 of0.00 ~~Certificates~~98,541.48 0.~~...........................71~~00 ~~Section~~II-A-2 50.0300 ~~Mutilated~~41,888,424.69 ~~Destroyed~~1,594,554.92 ~~Lost~~0.00 orII-X-A-2 ~~Stolen~~0.00 ~~Certificates~~0.~~................................74~~00 ~~Section 5~~72,141.0425 ~~Persons Deemed Owners~~0.~~............................................................75~~00 ~~Section~~II-A-3 50.0500 ~~Transfer Restrictions on Residual Certificates~~32,886,956.~~...................................75~~94 ~~Section 5~~1,279,327.0620 ~~Restrictions on Transferability of Certificates~~0.~~..................................76~~00 ~~Section~~II-X-A-3 50.0700 ~~ERISA Restrictions~~0.~~...............................................................77~~00 ~~Section 5~~29,210.08 ~~Rule~~0.00 ~~144A~~III-A-1 ~~Information~~0.00 16,485,065.85 345,885.95 0.~~.........................................................77~~00 ~~ARTICLE~~III-X-A-1 VI0.00 ~~PAYMENTS~~0.00 ~~TO CERTIFICATEHOLDERS Section~~ 6,080.0147 ~~Distributions~~0.00 onIV-A-1 ~~the~~0.00 ~~Certificates~~87,455,032.~~................................................79~~86 ~~Section 6~~2,189,437.0290 ~~Allocation of Losses~~0.~~.............................................................83~~00 ~~Section~~V-A-1 60.0300 ~~Payments~~157,837,659.~~.........................................................................85~~18 ~~Section 6~~4,677,963.04 ~~Statements~~0.00 toR ~~Certificateholders~~0.00 0.00 0.00 0.~~..............................................86~~00 ~~Section~~M 60.0500 ~~Monthly~~20,362,916.99 ~~Advances~~95,741.50 0.~~................................................................88~~00 ~~Section~~B-1 60.0600 ~~Compensating~~13,372,547.15 ~~Interest~~62,874.47 ~~Payments~~0.~~...................................................89~~00 ~~Section~~B-2 60.0700 ~~Distributions~~9,725,588.69 on45,727.36 ~~REMIC~~0.00 IB-3 ~~Regular~~0.00 ~~Interests~~6,990,170.14 ~~REMIC~~32,866.09 II0.00 ~~Regular~~B-4 ~~Interests~~0.00 ~~and~~5,166,790.76 ~~REMIC~~24,293.00 ~~III~~0.00 ~~Regular~~B-5 ~~Interests~~0.00 3,039,265.19 14,289.~~......................................~~89 ~~ARTICLE~~0.00 ~~VII~~B-6 ~~THE MASTER SERVICER Section 7~~0.0100 ~~Liabilities of the Master Servicer~~2,127,590.~~...............................................91~~47 ~~Section 7~~10,003.0241 ~~Merger or Consolidation of the Master Servicer~~0.~~...................................91~~00 ~~Section~~Totals 70.0300 ~~Indemnification of the Trustee~~537,251,789.46 ~~the Master Servicer and the Securities Administrator~~21,270,854.~~....................................................................91~~84 ~~Section 7~~0.0400 ~~Limitations~~All ondistributions ~~Liability~~required ofby the ~~Master~~Pooling ~~Servicer~~ and ~~Others........................92~~Servicing ~~Section~~Agreement ~~7.05~~have ~~Master~~been ~~Servicer~~calculated ~~Not~~by tothe ~~Resign.....................................................93~~Certificate ~~Section~~Administrator ~~7.06~~on ~~Successor~~behalf ~~Master Servicer.........................................................93 Section 7.07 Sale and Assignment~~ of ~~Master~~the ~~Servicing~~Trustee.~~..........................................93~~

~~Section~~Principal ~~8.01~~Distribution ~~Events~~Statement ofOriginal ~~Default.................................................................95~~Beginning ~~Section~~Scheduled ~~8.02~~Unscheduled ~~Trustee~~Face toCertificate ~~Act;~~Principal ~~Appointment~~Principal ofRealized ~~Successor..........................................96~~Class ~~Section~~Amount ~~8.03~~Balance ~~Notification~~Distribution toDistribution ~~Certificateholders................................................97~~Accretion ~~Section~~Loss ~~8.04~~(1) ~~Waiver~~I-A-1 of38,310,900.00 ~~Defaults~~32,703,249.08 4,110.25 3,042,158.90 0.00 0.~~...........................................................97~~00 ~~Section~~I-X-A-1 80.0500 ~~List~~0.00 of0.00 ~~Certificateholders~~0.00 0.00 0.~~.....................................................98~~00 ~~ARTICLE~~I-A-2 IX14,366,600.00 ~~CONCERNING~~12,263,729.07 ~~THE~~1,541.34 ~~TRUSTEE~~1,140,810.58 ~~AND~~0.00 ~~THE~~0.00 ~~SECURITIES~~I-X-A-2 ~~ADMINISTRATOR~~0.00 ~~Section~~0.00 90.0100 ~~Duties~~0.00 of0.00 ~~Trustee~~0.~~................................................................99~~00 ~~Section~~I-A-3 946,895,900.0200 ~~Certain~~40,031,643.70 ~~Matters~~5,031.31 ~~Affecting~~3,723,869.17 ~~the~~0.00 ~~Trustee~~0.00 ~~and~~II-A-1 ~~the~~72,705,800.00 ~~Securities~~65,040,051.12 ~~Administrator~~17,518.34 2,189,852.52 0.00 0.~~.......101~~00 ~~Section~~II-X-A-1 90.0300 ~~Trustee~~0.00 ~~and~~0.00 ~~Securities~~0.00 ~~Administrator~~0.00 ~~Not~~0.00 ~~Liable~~II-A-2 ~~for~~48,470,500.00 ~~Certificates~~43,360,004.26 or11,678.89 ~~Mortgage~~1,459,900.68 ~~Loans~~0.00 0.~~..............................................................102~~00 ~~Section~~II-X-A-2 90.0400 ~~Trustee~~0.00 ~~and~~0.00 ~~Securities~~0.00 ~~Administrator~~0.00 ~~May~~0.00 ~~Own~~II-A-3 ~~Certificates~~38,054,600.00 34,042,306.~~......................103~~52 ~~Section~~ 9,169.0519 ~~Trustee's~~1,146,180.39 ~~and~~0.00 ~~Securities~~0.00 ~~Administrator's~~II-X-A-3 ~~Fees~~0.00 ~~and~~0.00 ~~Expenses~~0.00 0.00 0.00 0.~~...................103~~00 ~~Section~~III-A-1 918,196,800.0600 ~~Eligibility~~16,766,573.61 ~~Requirements~~8,386.28 ~~for~~273,121.48 ~~Trustee~~0.00 ~~and~~0.00 ~~Securities~~III-X-A-1 ~~Administrator~~0.00 0.00 0.00 0.00 0.00 0.~~..........103~~00 ~~Section~~IV-A-1 997,689,700.0700 ~~Insurance~~89,264,087.27 23,716.74 1,785,337.68 0.00 0.~~...................................................................104~~00 ~~Section~~V-A-1 9173,186,600.0800 ~~Resignation~~161,801,517.62 ~~and~~69,496.52 ~~Removal~~3,894,361.92 of0.00 ~~the~~0.00 ~~Trustee~~R ~~and~~100.00 ~~Securities~~0.00 ~~Administrator~~0.00 0.00 0.00 0.~~..........104~~00 ~~Section~~M 920,393,300.0900 ~~Successor~~20,369,044.67 ~~Trustee~~6,127.68 ~~and~~0.00 ~~Successor~~0.00 ~~Securities Administrator~~0.~~........................105~~00 ~~Section~~B-1 913,392,500.1000 ~~Merger or Consolidation of Trustee or Securities Administrator~~13,376,571.~~..................106~~26 ~~Section 9~~4,024.11 ~~Appointment~~0.00 of0.00 Co0.00 B-~~Trustee~~2 ~~or Separate Trustee~~9,740,100.~~...................................106~~00 ~~Section~~ 9,728,515.1234 ~~Federal~~2,926.66 ~~Information~~0.00 ~~Returns~~0.00 ~~and~~0.00 ~~Reports~~B-3 to7,000,600.00 ~~Certificateholders;~~6,992,273.64 ~~REMIC~~2,103.51 ~~Administration~~0.00 0.00 0.~~..........................................................107~~00 ~~ARTICLE~~B-4 X5,174,500.00 ~~Termination~~5,168,345.57 ~~Section~~1,554.81 100.0100 ~~Termination~~0.00 ~~Upon~~0.00 ~~Repurchase~~B-5 by3,043,800.00 ~~EMC~~3,040,179.77 or914.59 ~~its~~0.00 ~~Designee~~0.00 or0.00 ~~Liquidation~~B-6 of2,130,765.00 ~~the~~2,128,230.72 ~~Mortgage~~640.24 ~~Loans~~0.00 0.00 0.~~.........................................................110~~00 ~~Section~~Totals 10608,753,065.0200 ~~Additional~~556,076,323.22 ~~Termination~~168,940.46 ~~Requirements~~18,655,593.32 0.00 0.~~...........................................112~~00 ~~ARTICLE~~(1) XIAmount ~~Miscellaneous~~Does ~~Provisions~~Not ~~Section~~Include ~~11.01~~Excess ~~Intent~~Special ofHazard, ~~Parties................................................................114~~Bankruptcy, ~~Section~~or ~~11.02~~Fraud ~~Amendment........................................................................114~~Losses ~~Section~~Unless ~~11.03~~Otherwise ~~Recordation of Agreement~~Disclosed.~~........................................................115~~ ~~Section~~Please ~~11.04~~Refer ~~Limitation~~to onthe ~~Rights~~Prospectus ofSupplement ~~Certificateholders.......................................115~~for ~~Section~~a ~~11.05~~Full ~~Acts of Certificateholders~~Description.~~......................................................116~~

~~Section~~Principal ~~11.06~~Distribution ~~Governing~~Statement ~~Law....................................................................117~~(continued) ~~Section~~Total ~~11.07~~Ending ~~Notices..........................................................................117~~Ending ~~Section~~Total ~~11.08~~Principal ~~Severability~~Certificate ofCertificate ~~Provisions.......................................................118~~Principal ~~Section~~Class ~~11.09~~Reduction ~~Successors~~Balance ~~and~~Percentage ~~Assigns~~Distribution I-A-1 3,046,269.15 29,656,979.93 0.77411337 3,046,269.15 I-X-A-1 0.00 0.00 0.00000000 0.~~...................................................118~~00 ~~Section~~I-A-2 1,142,351.92 11,121,377.1015 ~~Article~~0.77411337 ~~and~~1,142,351.92 ~~Section~~I-X-A-2 ~~Headings~~0.00 0.00 0.00000000 0.00 I-A-3 3,728,900.48 36,302,743.22 0.77411337 3,728,900.48 II-A-1 2,207,370.87 62,832,680.25 0.86420451 2,207,370.87 II-X-A-1 0.00 0.00 0.00000000 0.00 II-A-2 1,471,579.57 41,888,424.69 0.86420451 1,471,579.57 II-X-A-2 0.00 0.00 0.00000000 0.00 II-A-3 1,155,349.58 32,886,956.94 0.86420451 1,155,349.58 II-X-A-3 0.00 0.00 0.00000000 0.00 III-A-1 281,507.76 16,485,065.85 0.90593213 281,507.76 III-X-A-1 0.00 0.00 0.00000000 0.00 IV-A-1 1,809,054.42 87,455,032.86 0.89523289 1,809,054.42 V-A-1 3,963,858.44 157,837,659.18 0.91137339 3,963,858.44 R 0.00 0.00 0.00000000 0.~~.118~~00 ~~Section~~M 116,127.1168 ~~Counterparts~~20,362,916.99 0.99851015 6,127.~~..................................................................118~~68 ~~Section~~B-1 4,024.11 13,372,547.1215 ~~Notice~~0.99851015 to4,024.11 ~~Rating~~B-2 ~~Agencies~~2,926.66 9,725,588.69 0.99851015 2,926.66 B-3 2,103.51 6,990,170.14 0.99851015 2,103.51 B-4 1,554.81 5,166,790.76 0.99851015 1,554.81 B-5 914.59 3,039,265.19 0.99851015 914.59 B-6 640.24 2,127,590.47 0.99851015 640.24 Totals 18,824,533.79 537,251,789.46 0.88254470 18,824,533.~~................................118~~79

~~Period~~Principal ~~(dates~~Distribution ~~inclusive~~Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) ~~Senior~~Amount ~~Prepayment~~Balance ~~Percentage~~Distribution Distribution Accretion I-A-1 38,310,900.00 853.62779470 0.10728670 79.40713739 0.00000000 I-X-A-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-~~-----------------~~2 14,366,600.00 853.62779433 0.10728634 79.40713739 0.00000000 I-X-A-~~-------------------------~~2 ~~April~~0.00 ~~2004~~0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 ~~March~~46,895,900.00 ~~2011~~853.62779475 ~~100%~~0.10728678 ~~April~~79.40713730 ~~2011~~0.00000000 II-A-1 ~~March~~72,705,800.00 ~~2012~~894.56482316 ~~Senior~~0.24094831 ~~Percentage~~30.11936489 ~~for~~0.00000000 ~~the~~II-X-A-1 ~~related~~0.00 ~~Certificate~~0.00000000 ~~Group~~0.00000000 ~~plus~~0.00000000 ~~70%~~0.00000000 ofII-A-2 ~~the~~48,470,500.00 ~~Subordinate~~894.56482314 ~~Percentage~~0.24094841 ~~for~~30.11936497 ~~the~~0.00000000 ~~related~~II-X-A-2 ~~Loan~~0.00 ~~Group~~0.00000000 ~~April~~0.00000000 ~~2012~~0.00000000 0.00000000 II-A-3 ~~March~~38,054,600.00 ~~2013~~894.56482318 ~~Senior~~0.24094827 ~~Percentage~~30.11936507 ~~for~~0.00000000 ~~the~~II-X-A-3 ~~related~~0.00 ~~Certificate~~0.00000000 ~~Group~~0.00000000 ~~plus~~0.00000000 ~~60%~~0.00000000 ofIII-A-1 ~~the~~18,196,800.00 ~~Subordinate~~921.40231304 ~~Percentage~~0.46086565 ~~for~~15.00931373 ~~the~~0.00000000 ~~related~~III-X-A-1 ~~Loan~~0.00 ~~Group~~0.00000000 ~~April~~0.00000000 ~~2013~~0.00000000 0.00000000 IV-A-1 ~~March~~97,689,700.00 ~~2014~~913.75126825 ~~Senior~~0.24277626 ~~Percentage~~18.27559794 ~~for~~0.00000000 ~~the~~V-A-1 ~~related~~173,186,600.00 ~~Certificate~~934.26118199 ~~Group~~0.40128116 ~~plus~~22.48650831 ~~40%~~0.00000000 ofR ~~the~~100.00 ~~Subordinate~~0.00000000 ~~Percentage~~0.00000000 ~~for~~0.00000000 ~~the~~0.00000000 ~~related~~M ~~Loan~~20,393,300.00 ~~Group~~998.81062261 ~~April~~0.30047516 ~~2014~~0.00000000 0.00000000 B-1 ~~March~~13,392,500.00 ~~2015~~998.81062236 ~~Senior~~0.30047489 ~~Percentage~~0.00000000 ~~for~~0.00000000 ~~the~~B-2 ~~related~~9,740,100.00 ~~Certificate~~998.81062207 ~~Group~~0.30047535 ~~plus~~0.00000000 ~~20%~~0.00000000 ofB-3 ~~the~~7,000,600.00 ~~Subordinate~~998.81062195 ~~Percentage~~0.30047567 ~~for~~0.00000000 ~~the~~0.00000000 ~~related~~B-4 ~~Loan~~5,174,500.00 ~~Group~~998.81062325 ~~April~~0.30047541 ~~2015~~0.00000000 ~~and~~0.00000000 ~~thereafter~~B-5 ~~Senior~~3,043,800.00 ~~Percentage~~998.81062159 ~~for~~0.30047638 ~~the~~0.00000000 ~~related~~0.00000000 ~~Certificate~~B-6 ~~Group~~2,130,765.00 998.81062435 0.30047424 0.00000000 0.00000000

~~Class~~Principal ~~Designation~~Distribution ~~for~~Factors ~~each~~Statement ~~REMIC~~(continued) ITotal ~~Regular~~Ending ~~Interest~~Ending ~~and~~Total ~~Initial~~Realized ~~Component~~Principal ICertificate ofCertificate ~~the~~Principal ~~Type~~Class ofLoss ~~Uncertificated~~(3) ~~Class~~Reduction RBalance ~~Certificates~~Percentage ~~Interest~~Distribution ~~Pass~~I-~~Through~~A-1 ~~Rate~~0.00000000 ~~Principal~~79.51442409 ~~Balance~~774.11337061 ~~Final~~0.77411337 ~~Maturity~~79.51442409 Date* I-X-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-2 0.00000000 79.51442373 774.11337060 0.77411337 79.51442373 I-X-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 79.51442408 774.11337068 0.77411337 79.51442408 II-A-1 0.00000000 30.36031335 864.20450982 0.86420451 30.36031335 II-X-A-~~---------~~1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-~~---------~~2 0.00000000 30.36031339 864.20450975 0.86420451 30.36031339 II-X-A-~~---------------~~2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-~~------------------~~3 0.00000000 30.36031334 864.20450984 0.86420451 30.36031334 II-X-A-~~----------------------~~3 ~~Class~~0.00000000 ~~Y-1~~0.00000000 ~~Regular~~0.00000000 ~~Variable(~~0.00000000 0.00000000 III-A-1) ~~$55,318~~0.4400000000 ~~March~~15.47017937 ~~2034~~905.93213367 ~~Class~~0.90593213 Y15.47017937 III-2X-A-1 ~~Regular~~0.00000000 ~~Variable(2)~~0.00000000 ~~$88,461~~0.3800000000 ~~March~~0.00000000 ~~2034~~0.00000000 ~~Class Y~~IV-3A-1 ~~Regular~~0.00000000 ~~Variable(3)~~18.51837420 ~~$10,109~~895.3823289415 ~~March~~0.89523289 ~~2034~~18.51837420 ~~Class Y~~V-4A-1 ~~Regular~~0.00000000 ~~Variable(4)~~22.88778947 ~~$54,272~~911.0737339251 ~~March~~0.91137339 ~~2034~~22.88778947 ~~Class~~R ~~Y-5~~0.00000000 ~~Regular~~0.00000000 ~~Variable(5)~~0.00000000 ~~$96,214~~0.5400000000 ~~March~~0.00000000 ~~2034~~M ~~Class~~0.00000000 ~~Z-1~~0.30047516 ~~Regular~~998.51014745 ~~Variable(~~0.99851015 0.30047516 B-1) ~~$110,581,873~~0.2500000000 ~~March~~0.30047489 ~~2034~~998.51014747 ~~Class~~0.99851015 Z0.30047489 B-2 ~~Regular~~0.00000000 ~~Variable(2)~~0.30047535 ~~$176,834,795~~998.2651014774 ~~March~~0.99851015 ~~2034~~0.30047535 ~~Class Z~~B-3 ~~Regular~~0.00000000 ~~Variable(3)~~0.30047567 ~~$20,208,659~~998.5251014770 ~~March~~0.99851015 ~~2034~~0.30047567 ~~Class Z~~B-4 ~~Regular~~0.00000000 ~~Variable(4)~~0.30047541 ~~$108,489,864~~998.2051014784 ~~March~~0.99851015 ~~2034~~0.30047541 ~~Class Z~~B-5 ~~Regular~~0.00000000 ~~Variable~~0.30047638 998.51014850 0.99851015 0.30047638 B-6 0.00000000 0.30047424 998.51014542 0.99851015 0.30047424 (53) ~~$192~~Amount Does Not Include Excess Special Hazard,~~333~~ Bankruptcy,~~397.33~~ ~~March~~or ~~2034~~Fraud ~~Component~~Losses IUnless ofOtherwise Disclosed. Please Refer to the ~~Class~~Prospectus RSupplement ~~Residual~~for ~~$100.00~~a ~~March~~Full ~~2034~~Description.

~~Class~~Interest ~~Designation~~Distribution ~~for~~Statement ~~each~~Beginning ~~REMIC~~Payment IIof ~~Regular~~Original ~~Interest~~Current ~~and~~Certificate/ ~~Component~~Current IIUnpaid ofCurrent ~~the~~Face ~~Class~~Certificate RNotional ~~Type~~Accrued ofInterest ~~Initial~~Interest ~~Uncertificated~~Class ~~Certificates~~Amount Rate Balance Interest ~~Pass~~Shortfall Shortfall I-~~Through~~A-1 ~~Rate~~38,310,900.00 ~~Principal~~2.68253% ~~Balance~~32,703,249.08 ~~Final~~73,106.11 ~~Maturity~~0.00 Date*0.00 I-X-A-~~-------------------~~1 ~~-----------~~0.00 ~~----------------------~~2.61100% ~~------------------------~~32,703,249.08 ~~---------------------------~~71,156.82 ~~Class~~0.00 A-0.00 I-1A-M2 ~~Regular~~14,366,600.00 ~~Variable(1)~~3.30653% ~~$38~~12,~~310~~263,~~900~~729.07 ~~March~~33,791.96 ~~2034~~0.00 ~~Class~~0.00 A-I-2X-MA-2 ~~Regular~~0.00 ~~Variable(~~1).98700% ~~$14~~12,~~366~~263,~~600~~729.07 ~~March~~20,306.69 ~~2034~~0.00 ~~Class~~0.00 A-I-3A-M3 ~~Regular Variable(1) $~~46,895,900.00 ~~March~~5.29353% ~~2034~~40,031,643.70 ~~Class~~176,590.48 A-0.00 0.00 II-1A-M1 ~~Regular Variable(2) $~~72,705,800.00 ~~March~~3.59341% ~~2034~~65,040,051.12 ~~Class~~194,762.85 A-0.00 0.00 II-2X-MA-1 ~~Regular~~0.00 ~~Variable(~~1.82400% 65,040,051.12 98,860.88 0.00 0.00 II-A-2) $48,470,500.00 ~~March~~3.41441% ~~2034~~43,360,004.26 ~~Class~~123,373.94 A-0.00 0.00 II-3X-MA-2 ~~Regular~~0.00 ~~Variable(~~2).00300% $43,360,004.26 72,375.07 0.00 0.00 II-A-3 38,054,600.00 ~~March~~4.38441% ~~2034~~34,042,306.52 ~~Class~~124,379.46 A0.00 0.00 II-~~III~~X-1A-M3 ~~Regular~~0.00 ~~Variable(3)~~1.03300% $34,042,306.52 29,304.75 0.00 0.00 III-A-1 18,196,800.00 ~~March~~4.74329% ~~2034~~16,766,573.61 ~~Class~~66,273.94 A0.00 0.00 III-IVX-1A-M1 ~~Regular~~0.00 ~~Variable(4)~~0.44800% ~~$97~~16,~~689~~766,~~700~~573.61 ~~March~~6,259.52 ~~2034~~0.00 ~~Class~~0.00 IV-A-V-1-M ~~Regular~~97,689,700.00 ~~Variable(~~5).14143% $89,264,087.27 382,454.00 0.00 0.00 V-A-1 173,186,600.00 ~~March~~5.31160% ~~2034~~161,801,517.62 ~~Class~~716,187.60 ~~M-M~~0.00 ~~Regular~~0.00 ~~Variable(6)~~R $100.00 0.00000% 0.00 0.00 0.00 0.00 M 20,393,300.00 ~~March~~5.30473% ~~2034~~20,369,044.67 ~~Class~~90,043.56 0.00 0.00 B-1-M ~~Regular Variable(6) $~~13,392,500.00 ~~March~~5.30473% ~~2034~~13,376,571.26 ~~Class~~59,132.58 0.00 0.00 B-2-M ~~Regular Variable(6) $~~9,740,100.00 ~~March~~5.30473% ~~2034~~9,728,515.34 ~~Class~~43,005.95 0.00 0.00 B-3-M ~~Regular Variable(6) $~~7,000,600.00 ~~March~~5.30473% ~~2034~~6,992,273.64 ~~Class~~30,910.10 0.00 0.00 B-4-M ~~Regular Variable(6) $~~5,174,500.00 ~~March~~5.30473% ~~2034~~5,168,345.57 ~~Class~~22,847.23 0.00 0.00 B-5-M ~~Regular Variable(6) $~~3,043,800.00 ~~March~~5.30473% ~~2034~~3,040,179.77 ~~Class~~13,439.44 0.00 0.00 B-6-M ~~Regular Variable(6) $~~2,130,765.00 ~~March~~5.30473% ~~2034~~2,128,230.72 ~~Component~~9,408.07 II0.00 of0.00 ~~the~~Totals ~~Class~~608,753,065.00 R+2,457,971.00 ~~Residual~~0.00 ~~----- ----- March 2034~~0.00

~~Class~~Interest ~~Designation~~Distribution ~~for~~Statement ~~each~~(continued) ~~REMIC~~Remaining ~~III~~Ending ~~Regular~~Non-Supported ~~Interest~~Total ~~and~~Unpaid ~~Component~~Certificate/ ~~III~~Interest ofRealized ~~the~~Interest ~~Type~~Interest ofNotional ~~Initial Uncertificated~~ Class RShortfall ~~Certificates~~Losses ~~Interest~~(4) ~~Pass-Through~~Distribution ~~Rate~~Shortfall ~~Principal~~ Balance ~~Final Maturity Date* ---------------------- ----------- ---------------------- ------------------------ ---------------------------~~ I-A-1 ~~Regular~~401.89 ~~Variable~~0.00 ~~(1)~~72,704.22 ~~$38~~0.00 29,~~310~~656,~~900~~979.93 ~~March 2034~~ I-X-A-1 ~~Regular~~391.18 ~~Fixed~~0.00 ~~(1)~~70,765.64 $ 0.00 ~~March~~29,656,979.93 ~~2034~~ I-A-2 ~~Regular~~185.77 ~~Variable~~0.00 ~~(1)~~33,606.19 ~~$14~~0.00 11,~~366~~121,~~600~~377.15 ~~March 2034~~ I-X-A-2 ~~Regular~~111.63 ~~Fixed~~0.00 ~~(1)~~20,195.06 $ 0.00 ~~March~~11,121,377.15 ~~2034~~ I-A-3 ~~Regular~~970.79 ~~Variable~~0.00 ~~(1)~~175,619.68 ~~$46~~0.00 36,~~895~~302,~~900~~743.22 ~~March 2034~~ II-A-1 ~~Regular~~629.24 ~~Variable~~0.00 ~~(1)~~194,133.62 ~~$72~~0.00 62,~~705~~832,~~800~~680.25 ~~March 2034~~ II-X-A-1 ~~Regular~~319.40 ~~Fixed~~0.00 ~~(1)~~98,541.48 $ 0.00 ~~March~~62,832,680.25 ~~2034~~ II-A-2 ~~Regular~~398.59 ~~Variable~~0.00 ~~(1)~~122,975.35 ~~$48~~0.00 41,~~470~~888,~~500~~424.69 ~~March 2034~~ II-X-A-2 ~~Regular~~233.83 ~~Fixed~~0.00 ~~(1)~~72,141.25 $ 0.00 ~~March~~41,888,424.69 ~~2034~~ II-A-3 ~~Regular~~401.84 ~~Variable~~0.00 ~~(1)~~123,977.62 ~~$38~~0.00 32,~~054~~886,~~600~~956.94 ~~March 2034~~ II-X-A-3 ~~Regular~~94.68 ~~Fixed~~0.00 ~~(1)~~29,210.08 $ 0.00 ~~March~~32,886,956.94 ~~2034~~ III-A-1 ~~Regular~~1,895.75 ~~Variable~~0.00 ~~(1)~~64,378.19 ~~$18~~0.00 16,~~196~~485,~~800~~065.85 ~~March 2034~~ III-X-A-1 ~~Regular~~179.05 ~~Fixed~~0.00 ~~(1)~~6,080.47 $ 0.00 ~~March~~16,485,065.85 ~~2034~~ IV-A-1 ~~Regular~~2,070.52 ~~Variable~~0.00 ~~(1)~~380,383.48 ~~$97~~0.00 87,~~689~~455,~~700~~032.86 ~~March 2034~~ V-A-1 ~~Regular~~2,083.01 ~~Variable~~0.00 ~~(1)~~714,104.60 ~~$173~~0.00 157,~~186~~837,~~600~~659.18 ~~March~~R ~~2034~~0.00 0.00 0.00 0.00 0.00 M ~~Regular~~429.75 ~~Variable~~0.00 ~~(1)~~89,613.82 $0.00 20,~~393~~362,~~300~~916.99 ~~March 2034~~ B-1 ~~Regular~~282.22 ~~Variable~~0.00 ~~(1)~~58,850.36 $0.00 13,~~392~~372,~~500~~547.15 ~~March 2034~~ B-2 ~~Regular~~205.25 ~~Variable~~0.00 ~~(1)~~42,800.70 $0.00 9,~~740~~725,~~100~~588.69 ~~March 2034~~ B-3 ~~Regular~~147.52 ~~Variable~~0.00 ~~(1)~~30,762.58 $70.00 6,~~000~~990,~~600~~170.14 ~~March 2034~~ B-4 ~~Regular~~109.04 ~~Variable~~0.00 ~~(1)~~22,738.19 $0.00 5,~~174~~166,~~500~~790.76 ~~March 2034~~ B-5 ~~Regular~~64.14 ~~Variable~~0.00 ~~(1)~~13,375.30 $0.00 3,~~043~~039,~~800~~265.19 ~~March 2034~~ B-6 ~~Regular~~44.90 ~~Variable~~0.00 9,363.17 0.00 2,127,590.47 Totals 11,649.99 0.00 2,446,321.05 0.00 (14) $2Amount Does Not Include Excess Special Hazard,~~130~~ Bankruptcy,~~765~~ ~~March~~or ~~2034~~Fraud ~~Component~~Losses ~~III~~Unless ofOtherwise ~~the~~Disclosed. ~~Class~~Please R+Refer ~~Residual~~to ~~-----~~the ~~-----~~Prospectus ~~March~~Supplement ~~2034~~for a Full Description.

~~Page~~Interest ~~----~~Distribution ~~SECTION~~Factors 1.Statement ~~Definitions.....................................................................1~~Beginning ~~-----------~~Payment ~~SECTION~~of 2.Original ~~Purchase~~Current ~~and~~Certificate/ ~~Sale~~Current ofUnpaid ~~the~~Current ~~Mortgage~~Face ~~Loans~~Certificate ~~and~~Notional ~~Related~~Accrued ~~Rights......................3~~Interest ~~----------------------------------------------------------~~Interest ~~SECTION~~Class 3.(5) ~~Mortgage~~Amount ~~Loan~~Rate ~~Schedules.........................................................4~~Balance ~~-----------------------~~Interest ~~SECTION~~Shortfall 4.Shortfall ~~Mortgage Loan Transfer..........................................................4~~ I-A-~~--------------------~~1 ~~SECTION~~38,310,900.00 52.68253% ~~Examination~~853.62779470 of1.90823264 ~~Mortgage~~0.00000000 ~~Files~~0.~~..................................................5~~00000000 I-X-A-~~--------------------------~~1 ~~SECTION~~0.00 62.61100% ~~Recordation~~853.62779470 of1.85735182 ~~Assignments~~0.00000000 ~~of Mortgage~~0.~~.........................................7~~00000000 I-A-~~------------------------------------~~2 ~~SECTION~~14,366,600.00 73.30653% ~~Representations~~853.62779433 ~~and~~2.35211950 ~~Warranties~~0.00000000 of0.00000000 ~~Mortgage Loan Seller Concerning the~~ I-X-A-~~-------------------------------------------------------------------~~2 ~~Mortgage~~0.00 ~~Loans~~1.98700% 853.62779433 1.41346526 0.00000000 0.~~.................................................8~~00000000 I-A-~~------------~~3 ~~SECTION~~46,895,900.00 85.29353% ~~Representations~~853.62779475 ~~and~~3.76558462 ~~Warranties~~0.00000000 ~~Concerning the Mortgage Loan Seller~~0.~~............12~~00000000 II-A-~~----------------------------------------------------------------~~1 ~~SECTION~~72,705,800.00 93.59341% ~~Representations~~894.56482316 ~~and~~2.67878010 ~~Warranties~~0.00000000 ~~Concerning the Purchaser~~0.~~.......................13~~00000000 II-X-A-~~----------------------------------------------------~~1 ~~SECTION~~0.00 101.82400% ~~Conditions~~894.56482316 to1.35973856 ~~Closing~~0.00000000 0.~~.........................................................14~~00000000 II-A-~~-------------------~~2 ~~SECTION~~48,470,500.00 113.41441% ~~Fees~~894.56482314 ~~and~~2.54534077 ~~Expenses~~0.00000000 0.~~.............................................................16~~00000000 II-X-A-~~--------------~~2 ~~SECTION~~0.00 122.00300% ~~Accountants'~~894.56482314 ~~Letters~~1.49317771 0.00000000 0.~~.........................................................17~~00000000 II-A-~~------------------~~3 ~~SECTION~~38,054,600.00 134.38441% ~~Indemnification~~894.56482318 3.~~...............................................................17~~26844744 ~~--------------- SECTION 14~~0.00000000 ~~Notices~~0.00000000 19 II-X-A-~~----~~3 ~~SECTION 15~~0.00 ~~Transfer of Mortgage Loans~~1.~~.....................................................19~~03300% ~~-------------------------- SECTION 16~~894.56482318 ~~Termination~~0.~~....................................................................19~~77007116 ~~----------- SECTION 17~~0.00000000 ~~Representations, Warranties and Agreements to Survive Delivery~~0.~~.................20~~00000000 III-A-~~------------------------------------------------------------~~1 ~~SECTION~~ 18,196,800.00 ~~Severability~~4.74329% 921.40231304 3.64206564 0.00000000 0.~~...............................................................20~~00000000 III-X-A-~~---------~~1 ~~SECTION~~0.00 190.44800% ~~Counterparts~~921.40231304 0.34399015 0.00000000 0.~~................................................................20~~00000000 IV-A-~~----------~~1 ~~SECTION~~97,689,700.00 205.14143% ~~Amendment~~913.75126825 203.91498797 ~~--------- SECTION 21~~0.00000000 ~~GOVERNING LAW~~0.~~..................................................................20~~00000000 V-A-~~-----------~~1 ~~SECTION~~173,186,600.00 225.31160% ~~Further~~934.26118199 ~~Assurances~~4.13535227 0.00000000 0.~~...........................................................20~~00000000 ~~------------------~~R ~~SECTION~~100.00 230.00000% ~~Successors~~0.00000000 ~~and~~0.00000000 ~~Assigns~~0.00000000 0.~~........................................................21~~00000000 ~~----------------------~~M ~~SECTION 24~~20,393,300.00 ~~The Mortgage Loan Seller and the Purchaser~~5.~~.....................................21~~30473% ~~------------------------------------------ SECTION 25~~998.81062261 ~~Entire Agreement~~4.~~...............................................................21~~41535014 ~~---------------- SECTION 26~~0.00000000 ~~No Partnership~~0.~~.................................................................21~~00000000 B-~~------------- EXHIBIT~~ 1 ~~CONTENTS~~13,392,500.00 OF5.30473% ~~MORTGAGE~~998.81062236 ~~FILE~~4.41535038 0.00000000 0.~~..............................................E-1~~00000000 B-~~-------- ------------------------- EXHIBIT~~ 2 ~~MORTGAGE~~9,740,100.00 ~~LOAN~~5.30473% ~~SCHEDULE~~998.81062207 ~~INFORMATION~~4.41534995 0.00000000 0.~~...................................E-2-1~~00000000 B-~~-------- ---------------------------------- EXHIBIT~~ 3 ~~MORTGAGE~~7,000,600.00 ~~LOAN~~5.30473% ~~SELLER'S~~998.81062195 ~~INFORMATION~~4.41535011 0.00000000 0.~~.....................................E-3~~00000000 B-~~-------- ---------------------------------- EXHIBIT~~ 4 ~~PURCHASER'S~~5,174,500.00 ~~INFORMATION~~5.30473% 998.81062325 4.41535028 0.00000000 0.~~..............................................E-4~~00000000 B-~~--------~~5 ~~-----------------------~~3,043,800.00 ~~EXHIBIT~~ 5.30473% ~~SCHEDULE~~998.81062159 OF4.41534923 ~~LOST~~0.00000000 ~~NOTES~~0.~~...................................................E-5~~00000000 B-~~--------~~6 ~~----------------------~~2,130,765.00 ~~SCHEDULE~~5.30473% A998.81062435 ~~REQUIRED~~4.41534848 ~~RATINGS~~0.00000000 ~~FOR EACH CLASS OF CERTIFICATES~~0.~~..........................A-1~~00000000 ~~----------~~(5) ~~-----------------------------------------------~~Per ~~SCHEDULE B MORTGAGE LOAN SCHEDULE....................................................B-~~$1 ~~---------- ----------------------~~denomination.

Filing Compare · BEAR STEARNS TRUST MORTGAGE PASS-THROUGH CERTS SER 2004-2