8-K 1 sai04002_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 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106925-24 Pooling and Servicing Agreement) (Commission 54-2144783 (State or other File Number) 54-2144784 jurisdiction 54-2144785 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 STRUCTURED ASSET INVESTMENT LOAN 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. EX-99.2 Murrayhill Credit Risk Manager Report 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. STRUCTURED ASSET INVESTMENT LOAN 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: 8/30/04 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-99.2 Murrayhill Credit Risk Manager Report EX-99.1

Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 27/2931/04 Distribution Date: 38/25/04 SAIL 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 1-A1 86358EGH3 SEN 1.~~20000~~56000% ~~340~~279,~~745~~562,~~000~~086.0037 ~~329~~363,~~386~~430.8472 324,~~768~~834,~~320~~639.7277 1-A2 86358EGJ9 SEN 2.50900% 247,338,000.00 517,142.5554 0.00 2-A 86358EGK6 SEN 1.~~33000~~69000% ~~489~~428,~~929~~636,~~000~~932.0081 ~~524~~603,~~904~~663.5069 422,~~860~~044,~~224~~064.0869 3-A1 86358EGL4 SEN 1.~~20000~~56000% ~~185~~138,~~493~~573,~~000~~806.0027 ~~179~~180,~~309~~145.9095 415,~~877~~784,~~764~~074.9021 3-A2 86358EGM2 SEN 2.31700% 133,583,000.00 257,926.51 0.00 A-SIO 86358EGN0 SEN 0.00000% 0.00 0.00 0.00 A4 86358EGW0 SEN 1.~~56000~~92000% 57,867,000.00 7292,~~719~~587.5320 0.00 M1 86358EGP5 MEZ 12.~~69000~~05000% 86,801,000.00 ~~118~~148,~~169~~285.9204 0.00 M2 86358EGQ3 MEZ 2.~~24000~~60000% 22,320,000.00 4048,~~275~~360.2000 0.00 M3 86358EGR1 MEZ 2.~~49000~~85000% 20,667,000.00 4149,~~454~~084.5613 0.00 M4 86358EGS9 MEZ 23.~~74000~~10000% 20,667,000.00 4553,~~616~~389.6675 0.00 M5 86358EGT7 MEZ 23.~~84000~~20000% 20,667,000.00 4755,~~281~~112.5000 0.00 M6 86358EGU4 MEZ 34.~~84000~~20000% 12,399,000.00 3843,~~354~~396.2450 0.00 B SAI04002B SUB 4.~~09000~~45000% 6,613,000.00 2124,~~788~~523.0021 0.00 X SAI04002X MEZ 0.00000% 8,272,173.8900 65,~~848~~589,~~991~~317.2176 0.00 P SAI04002P MEZ 0.00000% 100.00 931,~~668~~145,660.8955 0.00 R SAI0402R1 RES 0.00000% 0.00 0.00 0.00 Totals 1,~~653~~483,~~361~~967,~~273~~098.8945 9,~~176~~172,~~990~~025.0155 1362,~~506~~662,~~309~~778.7067

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 ~~336~~254,~~976~~727,~~679~~446.2860 425,~~097~~198,~~707~~070.5649 0.00 1-A2 0.00 247,338,000.00 517,142.5554 0.00 2-A 0.00 ~~485~~406,~~068~~592,~~775~~868.9212 522,~~385~~647,~~128~~728.5838 0.00 3-A1 0.00 ~~180~~122,~~615~~789,~~235~~732.1007 515,~~057~~964,~~074~~220.8016 0.00 3-A2 0.00 133,583,000.00 257,926.51 0.00 A-SIO 0.00 0.00 0.00 0.00 A4 0.00 57,867,000.00 7292,~~719~~587.5320 0.00 M1 0.00 86,801,000.00 ~~118~~148,~~169~~285.9204 0.00 M2 0.00 22,320,000.00 4048,~~275~~360.2000 0.00 M3 0.00 20,667,000.00 4149,~~454~~084.5613 0.00 M4 0.00 20,667,000.00 4553,~~616~~389.6675 0.00 M5 0.00 20,667,000.00 4755,~~281~~112.5000 0.00 M6 0.00 12,399,000.00 3843,~~354~~396.2450 0.00 B 0.00 6,613,000.00 2124,~~788~~523.0021 0.00 X 0.00 8,272,173.00 65,~~848~~589,~~991~~317.2176 0.00 P 0.00 100.00 931,~~668~~145,660.8955 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,~~639~~421,~~854~~304,~~963~~319.3079 2271,~~683~~834,~~299~~804.7122 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) 1-A1 340,745,000.00 ~~340~~279,~~745~~562,~~000~~086.0037 0.00 324,~~768~~834,~~320~~639.7277 0.00 0.00 1-A2 247,338,000.00 247,338,000.00 0.00 0.00 0.00 0.00 2-A 489,929,000.00 ~~489~~428,~~929~~636,~~000~~932.0081 0.00 422,~~860~~044,~~224~~064.0869 0.00 0.00 3-A1 185,493,000.00 ~~185~~138,~~493~~573,~~000~~806.0027 0.00 415,~~877~~784,~~764~~074.9021 0.00 0.00 3-A2 133,583,000.00 133,583,000.00 0.00 0.00 0.00 0.00 A-SIO 0.00 0.00 0.00 0.00 0.00 0.00 A4 57,867,000.00 57,867,000.00 0.00 0.00 0.00 0.00 M1 86,801,000.00 86,801,000.00 0.00 0.00 0.00 0.00 M2 22,320,000.00 22,320,000.00 0.00 0.00 0.00 0.00 M3 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M4 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M5 20,667,000.00 20,667,000.00 0.00 0.00 0.00 0.00 M6 12,399,000.00 12,399,000.00 0.00 0.00 0.00 0.00 B 6,613,000.00 6,613,000.00 0.00 0.00 0.00 0.00 X 8,272,173.89 8,272,173.8900 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,653,361,273.89 1,~~653~~483,~~361~~967,~~273~~098.8945 0.00 1362,~~506~~662,~~309~~778.7067 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 1-A1 324,~~768~~834,~~320~~639.7277 ~~336~~254,~~976~~727,~~679~~446.2860 0.~~98894094~~74756034 324,~~768~~834,~~320~~639.7277 1-A2 0.00 247,338,000.00 1.00000000 0.00 2-A 422,~~860~~044,~~224~~064.0869 ~~485~~406,~~068~~592,~~775~~868.9212 0.~~99007974~~82990161 422,~~860~~044,~~224~~064.0869 3-A1 415,~~877~~784,~~764~~074.9021 ~~180~~122,~~615~~789,~~235~~732.1007 0.~~97370378~~66196424 415,~~877~~784,~~764~~074.9021 3-A2 0.00 133,583,000.00 1.00000000 0.00 A-SIO 0.00 0.00 0.00000000 0.00 A4 0.00 57,867,000.00 1.00000000 0.00 M1 0.00 86,801,000.00 1.00000000 0.00 M2 0.00 22,320,000.00 1.00000000 0.00 M3 0.00 20,667,000.00 1.00000000 0.00 M4 0.00 20,667,000.00 1.00000000 0.00 M5 0.00 20,667,000.00 1.00000000 0.00 M6 0.00 12,399,000.00 1.00000000 0.00 B 0.00 6,613,000.00 1.00000000 0.00 X 0.00 8,272,173.00 0.99999989 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1362,~~506~~662,~~309~~778.7067 1,~~639~~421,~~854~~304,~~963~~319.3079 0.~~99183100~~85964534 1362,~~506~~662,~~309~~778.7067

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 340,745,000.00 ~~1000~~820.~~00000000~~44369358 0.00000000 1172.~~05906387~~88335785 0.00000000 1-A2 247,338,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A 489,929,000.00 ~~1000~~874.~~00000000~~89602128 0.00000000 944.~~92026208~~99440672 0.00000000 3-A1 185,493,000.00 ~~1000~~747.~~00000000~~05679605 0.00000000 2685.~~29622088~~09255988 0.00000000 3-A2 133,583,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-SIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 86,801,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 22,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 20,667,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M6 12,399,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 6,613,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 8,272,173.89 ~~1000~~999.~~00000000~~99989241 0.00000000 0.00000000 0.00000000 P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 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 1-A1 0.00000000 1172.~~05906387~~88335785 ~~988~~747.~~94093613~~56033573 0.~~98894094~~74756034 1172.~~05906387~~88335785 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A 0.00000000 944.~~92026208~~99440672 ~~990~~829.~~07973792~~90161456 0.~~99007974~~82990161 944.~~92026208~~99440672 3-A1 0.00000000 2685.~~29622088~~09255988 ~~973~~661.~~70377912~~96423622 0.~~97370378~~66196424 2685.~~29622088~~09255988 3-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.99989241 0.99999989 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R 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 1-A1 340,745,000.00 1.~~20000~~56000% ~~340~~279,~~745~~562,~~000~~086.0037 ~~329~~363,~~386~~430.8371 0.00 0.00 1-A2 247,338,000.00 2.50900% 247,338,000.00 517,142.54 0.00 0.00 2-A 489,929,000.00 1.~~33000~~69000% ~~489~~428,~~929~~636,~~000~~932.0081 ~~524~~603,~~904~~663.4968 0.00 0.00 3-A1 185,493,000.00 1.~~20000~~56000% ~~185~~138,~~493~~573,~~000~~806.0027 ~~179~~180,~~309~~145.9095 0.00 0.00 3-A2 133,583,000.00 2.31700% 133,583,000.00 257,926.51 0.00 0.00 A-SIO 0.00 0.00000% 1,~~241~~129,~~357~~049,~~014~~830.0611 0.00 0.00 0.00 A4 57,867,000.00 1.~~56000~~92000% 57,867,000.00 7292,~~719~~587.5320 0.00 0.00 M1 86,801,000.00 12.~~69000~~05000% 86,801,000.00 ~~118~~148,~~169~~285.9204 0.00 0.00 M2 22,320,000.00 2.~~24000~~60000% 22,320,000.00 4048,~~275~~360.2000 0.00 0.00 M3 20,667,000.00 2.~~49000~~85000% 20,667,000.00 4149,~~454~~084.5612 0.00 0.00 M4 20,667,000.00 23.~~74000~~10000% 20,667,000.00 4553,~~616~~389.6675 0.00 0.00 M5 20,667,000.00 23.~~84000~~20000% 20,667,000.00 4755,~~281~~112.5000 0.00 0.00 M6 12,399,000.00 34.~~84000~~20000% 12,399,000.00 3843,~~354~~396.2450 0.00 0.00 B 6,613,000.00 4.~~09000~~45000% 6,613,000.00 2124,~~788~~523.0021 0.00 0.00 X 8,272,173.89 0.00000% 8,272,173.8900 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,653,361,273.89 2,~~234~~437,~~329~~047.8821 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 1-A1 (0.0001) 0.00 ~~329~~363,~~386~~430.8472 0.00 ~~336~~254,~~976~~727,~~679~~446.2860 1-A2 (0.0001) 0.00 517,142.5554 0.00 247,338,000.00 2-A (0.0001) 0.00 ~~524~~603,~~904~~663.5069 0.00 ~~485~~406,~~068~~592,~~775~~868.9212 3-A1 0.00 0.00 ~~179~~180,~~309~~145.9095 0.00 ~~180~~122,~~615~~789,~~235~~732.1007 3-A2 0.00 0.00 257,926.51 0.00 133,583,000.00 A-SIO 0.00 0.00 0.00 0.00 1,~~241~~092,~~357~~976,~~014~~783.0631 A4 0.00 0.00 7292,~~719~~587.5320 0.00 57,867,000.00 M1 0.00 0.00 ~~118~~148,~~169~~285.9204 0.00 86,801,000.00 M2 0.00 0.00 4048,~~275~~360.2000 0.00 22,320,000.00 M3 0.00 0.00 4149,~~454~~084.5613 0.00 20,667,000.00 M4 0.00 0.00 4553,~~616~~389.6675 0.00 20,667,000.00 M5 0.00 0.00 4755,~~281~~112.5000 0.00 20,667,000.00 M6 0.00 0.00 3843,~~354~~396.2450 0.00 12,399,000.00 B 0.00 0.00 2124,~~788~~523.0021 0.00 6,613,000.00 X 0.00 0.00 65,~~848~~589,~~991~~317.2176 0.00 8,272,173.00 P 0.00 0.00 931,~~668~~145,660.8955 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals (0.0003) 0.00 9,~~176~~172,~~990~~025.0155 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 1-A1 340,745,000.00 1.~~20000~~56000% ~~1000~~820.~~00000000~~44369358 01.~~96666666~~06657679 0.00000000 0.00000000 1-A2 247,338,000.00 2.50900% 1000.00000000 2.09083335 0.00000000 0.00000000 2-A 489,929,000.00 1.~~33000~~69000% ~~1000~~874.~~00000000~~89602128 1.~~07138890~~23214523 0.00000000 0.00000000 3-A1 185,493,000.00 1.~~20000~~56000% ~~1000~~747.~~00000000~~05679605 0.~~96666667~~97117384 0.00000000 0.00000000 3-A2 133,583,000.00 2.31700% 1000.00000000 1.93083334 0.00000000 0.00000000 A-SIO 0.00 0.00000% ~~1000~~909.~~00000000~~52869909 0.00000000 0.00000000 0.00000000 A4 57,867,000.00 1.~~56000~~92000% 1000.00000000 1.~~25666667~~60000000 0.00000000 0.00000000 M1 86,801,000.00 12.~~69000~~05000% 1000.00000000 1.~~36138892~~70833331 0.00000000 0.00000000 M2 22,320,000.00 2.~~24000~~60000% 1000.00000000 12.~~80444444~~16666667 0.00000000 0.00000000 M3 20,667,000.00 2.~~49000~~85000% 1000.00000000 2.~~00583345~~37499976 0.00000000 0.00000000 M4 20,667,000.00 23.~~74000~~10000% 1000.00000000 2.~~20722214~~58333333 0.00000000 0.00000000 M5 20,667,000.00 23.~~84000~~20000% 1000.00000000 2.~~28777762~~66666667 0.00000000 0.00000000 M6 12,399,000.00 34.~~84000~~20000% 1000.00000000 3.~~09333333~~50000000 0.00000000 0.00000000 B 6,613,000.00 4.~~09000~~45000% 1000.00000000 3.~~29472252~~70833359 0.00000000 0.00000000 X 8,272,173.89 0.00000% ~~1000~~999.~~00000000~~99989241 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 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 1-A1 (0.~~00000000~~00000003) 0.00000000 01.~~96666669~~06657682 0.00000000 ~~988~~747.~~94093613~~56033573 1-A2 (0.~~00000000~~00000004) 0.00000000 2.~~09083339~~09083335 0.00000000 1000.00000000 2-A (0.~~00000000~~00000002) 0.00000000 1.~~07138892~~23214525 0.00000000 ~~990~~829.~~07973792~~90161456 3-A1 0.00000000 0.00000000 0.~~96666667~~97117384 0.00000000 ~~973~~661.~~70377912~~96423622 3-A2 0.00000000 0.00000000 1.93083334 0.00000000 1000.00000000 A-SIO 0.00000000 0.00000000 0.00000000 0.00000000 ~~1000~~880.~~00000000~~46933391 A4 0.00000000 0.00000000 1.~~25666667~~60000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.~~36138892~~70833331 0.00000000 1000.00000000 M2 0.00000000 0.00000000 12.~~80444444~~16666667 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~00583345~~37500024 0.00000000 1000.00000000 M4 0.00000000 0.00000000 2.~~20722214~~58333333 0.00000000 1000.00000000 M5 0.00000000 0.00000000 2.~~28777762~~66666667 0.00000000 1000.00000000 M6 0.00000000 0.00000000 3.~~09333333~~50000000 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.~~29472252~~70833359 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~827~~675.~~95542031~~67701481 0.00000000 999.99989241 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2473,~~508~~028,~~337~~248.6240 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(90,053.0052) Prepayment Penalties 0.00 Total Deposits 2472,~~508~~938,~~337~~194.6288 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,~~825~~103,~~037~~390.9165 Payment of Interest and Principal 2271,~~683~~834,~~299~~804.7123 Total Withdrawals (Pool Distribution Amount) 2472,~~508~~938,~~337~~194.6288 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 1540,~~203,458~~196.5202 Credit Risk Fee 2018,~~667~~549.0259 PMI Insurance Premium Fee ~~600~~544,~~912~~645.3704 Wells Fargo Bank, NA 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,~~825~~103,~~037~~390.9165

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 11 0 1 0 11 1,498,569.89 0.00 ~~498,531.31~~ 0.00 1,498,~~531~~569.3189 30 Days 26167 03 01 0 26171 424,~~077~~185,~~759~~054.5077 0238,894.0059 0224,077.0004 0.00 424,~~077~~648,~~759~~026.5040 60 Days 663 0 07 0 670 ~~462~~10,~~366~~576,391.0382 0.00 01,127,312.0042 0.00 ~~462~~11,~~366~~703,704.0324 90 Days 020 01 020 0 041 02,917,492.0045 0107,688.0085 03,180,434.0028 0.00 06,205,615.0058 120 Days 019 06 029 01 055 02,922,766.0020 0534,935.0009 05,088,435.0068 083,112.0008 08,629,249.0005 150 Days 015 01 03 0 019 02,082,143.0013 077,400.00 0544,446.0007 0.00 02,703,989.0020 180+ Days 07 01 01 01 010 01,593,257.0095 0111,600.00 0133,890.0037 076,500.00 01,915,248.0032 Totals 32291 023 161 02 33377 444,~~540~~277,~~125~~106.5332 02,569,088.0042 ~~498~~10,~~531~~298,595.3186 0159,612.0008 557,~~038~~304,~~656~~402.8468 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~~127610% 0.~~010216~~000000% 0.000000% 0.~~010216~~127610% 0.~~000000~~105353% 0.~~030381~~000000% 0.000000% 0.~~030381~~105353% 30 Days 01.~~265604~~937355% 0.~~000000~~034803% 0.~~000000~~011601% 0.000000% 01.~~265604~~983759% 01.~~248502~~700261% 0.~~000000~~016795% 0.~~000000~~015753% 0.000000% 01.~~248502~~732809% 60 Days 0.~~061293~~730858% 0.000000% 0.~~000000~~081206% 0.000000% 0.~~061293~~812065% 0.~~028177~~743543% 0.000000% 0.~~000000~~079252% 0.000000% 0.~~028177~~822795% 90 Days 0.~~000000~~232019% 0.~~000000~~011601% 0.~~000000~~232019% 0.000000% 0.~~000000~~475638% 0.~~000000~~205106% 0.~~000000~~007571% 0.~~000000~~223591% 0.000000% 0.~~000000~~436268% 120 Days 0.~~000000~~220418% 0.~~000000~~069606% 0.~~000000~~336427% 0.~~000000~~011601% 0.~~000000~~638051% 0.~~000000~~205477% 0.~~000000~~037607% 0.~~000000~~357728% 0.~~000000~~005843% 0.~~000000~~606655% 150 Days 0.~~000000~~174014% 0.~~000000~~011601% 0.~~000000~~034803% 0.000000% 0.~~000000~~220418% 0.~~000000~~146379% 0.~~000000~~005441% 0.~~000000~~038276% 0.000000% 0.~~000000~~190096% 180+ Days 0.~~000000~~081206% 0.~~000000~~011601% 0.~~000000~~011601% 0.~~000000~~011601% 0.~~000000~~116009% 0.~~000000~~112009% 0.~~000000~~007846% 0.~~000000~~009413% 0.~~000000~~005378% 0.~~000000~~134646% Totals 03.~~326898~~375870% 0.~~000000~~266821% 0.~~010216~~707657% 0.~~000000~~023202% 04.~~337113~~373550% 03.~~276679~~112775% 0.~~000000~~180612% 0.~~030381~~724013% 0.~~000000~~011221% 04.~~307060~~028622%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) 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 03 0 0 03 0276,387.0036 0.00 0.00 0276,387.0036 30 Days 214 01 0 0 215 ~~401~~1,~~686~~660,148.3955 061,245.0001 0.00 0.00 ~~401~~1,~~686~~721,393.3956 60 Days 07 0 0 0 07 0866,567.0031 0.00 0.00 0.00 0866,567.0031 90 Days 03 0 02 0 05 0232,446.0027 0.00 099,689.0035 0.00 0332,135.0062 120 Days 01 0 02 0 03 039,967.0038 0.00 0263,561.0091 0.00 0303,529.0029 150 Days 04 0 0 0 04 0166,502.0028 0.00 0.00 0.00 0166,502.0028 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 229 04 04 0 237 ~~401~~2,~~686~~965,631.3979 0337,632.0037 0363,251.0026 0.00 ~~401~~3,~~686~~666,515.3942 0-29 Days 0.~~000000~~221402% 0.000000% 0.000000% 0.~~000000~~221402% 0.~~000000~~156267% 0.000000% 0.000000% 0.~~000000~~156267% 30 Days 01.~~135318~~033210% 0.~~000000~~073801% 0.000000% 0.000000% 01.~~135318~~107011% 0.~~206987~~938636% 0.~~000000~~034627% 0.000000% 0.000000% 0.~~206987~~973263% 60 Days 0.~~000000~~516605% 0.000000% 0.000000% 0.000000% 0.~~000000~~516605% 0.~~000000~~489951% 0.000000% 0.000000% 0.000000% 0.~~000000~~489951% 90 Days 0.~~000000~~221402% 0.000000% 0.~~000000~~147601% 0.000000% 0.~~000000~~369004% 0.~~000000~~131423% 0.000000% 0.~~000000~~056364% 0.000000% 0.~~000000~~187787% 120 Days 0.~~000000~~073801% 0.000000% 0.~~000000~~147601% 0.000000% 0.~~000000~~221402% 0.~~000000~~022597% 0.000000% 0.~~000000~~149016% 0.000000% 0.~~000000~~171613% 150 Days 0.~~000000~~295203% 0.000000% 0.000000% 0.000000% 0.~~000000~~295203% 0.~~000000~~094139% 0.000000% 0.000000% 0.000000% 0.~~000000~~094139% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 02.~~135318~~140221% 0.~~000000~~295203% 0.~~000000~~295203% 0.000000% 02.~~135318~~730627% 01.~~206987~~676746% 0.~~000000~~190895% 0.~~000000~~205380% 0.000000% 02.~~206987~~073021% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 03 0 0 03 0669,063.0034 0.00 0.00 0669,063.0034 30 Days 566 0 01 0 567 ~~854~~9,~~038~~563,181.4680 0.00 0224,077.0004 0.00 ~~854~~9,~~038~~787,258.4684 60 Days 011 0 03 0 014 01,777,530.0067 0.00 0154,682.0046 0.00 01,932,213.0013 90 Days 02 01 08 0 011 0208,112.0044 0107,688.0085 01,120,795.0001 0.00 01,436,596.0030 120 Days 05 0 09 0 014 0689,982.0018 0.00 01,630,001.0080 0.00 02,319,983.0098 150 Days 04 0 01 0 05 0728,797.0060 0.00 040,000.00 0.00 0768,797.0060 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 588 04 022 0 5114 ~~854~~12,~~038~~967,604.4669 0776,752.0019 03,169,556.0031 0.00 ~~854~~16,~~038~~913,913.4619 0-29 Days 0.~~000000~~109131% 0.000000% 0.000000% 0.~~000000~~109131% 0.~~000000~~154324% 0.000000% 0.000000% 0.~~000000~~154324% 30 Days 02.~~160617~~400873% 0.000000% 0.~~000000~~036377% 0.000000% 02.~~160617~~437250% 02.~~171288~~205819% 0.000000% 0.~~000000~~051685% 0.000000% 02.~~171288~~257504% 60 Days 0.~~000000~~400146% 0.000000% 0.~~000000~~109131% 0.000000% 0.~~000000~~509276% 0.~~000000~~410001% 0.000000% 0.~~000000~~035679% 0.000000% 0.~~000000~~445679% 90 Days 0.~~000000~~072754% 0.~~000000~~036377% 0.~~000000~~291015% 0.000000% 0.~~000000~~400146% 0.~~000000~~048003% 0.~~000000~~024839% 0.~~000000~~258520% 0.000000% 0.~~000000~~331362% 120 Days 0.~~000000~~181884% 0.000000% 0.~~000000~~327392% 0.000000% 0.~~000000~~509276% 0.~~000000~~159149% 0.000000% 0.~~000000~~375972% 0.000000% 0.~~000000~~535121% 150 Days 0.~~000000~~145507% 0.000000% 0.~~000000~~036377% 0.000000% 0.~~000000~~181884% 0.~~000000~~168103% 0.000000% 0.~~000000~~009226% 0.000000% 0.~~000000~~177329% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 03.~~160617~~201164% 0.~~000000~~145507% 0.~~000000~~800291% 0.000000% 04.~~160617~~146963% 02.~~171288~~991074% 0.~~000000~~179164% 0.~~000000~~731082% 0.000000% 03.~~171288~~901319% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) 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 02 0 0 02 053,220.0036 0.00 0.00 053,220.0036 30 Days 415 01 0 0 416 ~~325~~1,~~206~~741,250.9461 0121,824.0068 0.00 0.00 ~~325~~1,~~206~~863,075.9429 60 Days 03 0 0 0 03 0160,252.0017 0.00 0.00 0.00 0160,252.0017 90 Days 05 0 02 0 07 0575,033.0046 0.00 0101,595.0022 0.00 0676,628.0068 120 Days 01 01 03 0 05 025,373.0001 043,695.0008 0165,659.0076 0.00 0234,727.0085 150 Days 01 0 0 0 01 030,342.0099 0.00 0.00 0.00 030,342.0099 180 Days 0 0 01 0 01 0.00 0.00 0133,890.0037 0.00 0133,890.0037 Totals 25 4 06 0 035 ~~4 325~~2,~~206~~532,252.9424 0218,740.0012 0401,145.0035 0.00 ~~325~~3,~~206~~152,137.9471 0-29 Days 0.~~000000~~164745% 0.000000% 0.000000% 0.~~000000~~164745% 0.~~000000~~037633% 0.000000% 0.000000% 0.~~000000~~037633% 30 Days 01.~~292398~~235585% 0.~~000000~~082372% 0.000000% 0.000000% 01.~~292398~~317957% 01.~~206782~~231264% 0.~~000000~~086144% 0.000000% 0.000000% 01.~~206782~~317408% 60 Days 0.~~000000~~247117% 0.000000% 0.000000% 0.000000% 0.~~000000~~247117% 0.~~000000~~113317% 0.000000% 0.000000% 0.000000% 0.~~000000~~113317% 90 Days 0.~~000000~~411862% 0.000000% 0.~~000000~~164745% 0.000000% 0.~~000000~~576606% 0.~~000000~~406615% 0.000000% 0.~~000000~~071839% 0.000000% 0.~~000000~~478454% 120 Days 0.~~000000~~082372% 0.~~000000~~082372% 0.~~000000~~247117% 0.000000% 0.~~000000~~411862% 0.~~000000~~017942% 0.~~000000~~030897% 0.~~000000~~117140% 0.000000% 0.~~000000~~165980% 150 Days 0.~~000000~~082372% 0.000000% 0.000000% 0.000000% 0.~~000000~~082372% 0.~~000000~~021456% 0.000000% 0.000000% 0.000000% 0.~~000000~~021456% 180 Days 0.000000% 0.000000% 0.~~000000~~082372% 0.000000% 0.~~000000~~082372% 0.000000% 0.000000% 0.~~000000~~094676% 0.000000% 0.~~000000~~094676% Totals 02.~~292398~~059308% 0.~~000000~~329489% 0.~~000000~~494234% 0.000000% 02.~~292398~~883031% 01.~~206782~~790593% 0.~~000000~~154674% 0.~~000000~~283656% 0.000000% 02.~~206782~~228923% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) 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 03 0 0 03 0499,898.0083 0.00 0.00 0499,898.0083 30 Days 856 01 0 0 857 17,~~099~~813,~~557~~359.2166 055,824.0090 0.00 0.00 17,~~099~~869,~~557~~184.2156 60 Days 032 0 03 0 035 04,783,458.0060 0.00 0380,281.0032 0.00 05,163,739.0092 90 Days 09 0 07 0 016 01,205,426.0022 0.00 01,274,649.0098 0.00 02,480,076.0020 120 Days 07 02 08 0 017 0714,758.0071 0209,329.0032 01,366,424.0022 0.00 02,290,512.0025 150 Days 03 01 01 0 05 0570,289.0062 077,400.00 065,669.0029 0.00 0713,358.0091 180 Days 01 0 0 0 01 0191,250.00 0.00 0.00 0.00 0191,250.00 Totals 8108 07 019 0 8134 115,~~099~~278,~~557~~542.2181 0842,453.0005 03,087,024.0081 0.00 119,~~099~~208,~~557~~020.2167 0-29 Days 0.~~000000~~130947% 0.000000% 0.000000% 0.~~000000~~130947% 0.~~000000~~140635% 0.000000% 0.000000% 0.~~000000~~140635% 30 Days 02.~~304414~~444347% 0.~~000000~~043649% 0.000000% 0.000000% 02.~~304414~~487997% 02.~~263041~~198101% 0.~~000000~~015705% 0.000000% 0.000000% 02.~~263041~~213806% 60 Days 01.~~000000~~396770% 0.000000% 0.~~000000~~130947% 0.000000% 01.~~000000~~527717% 01.~~000000~~345711% 0.000000% 0.~~000000~~106983% 0.000000% 01.~~000000~~452694% 90 Days 0.~~000000~~392842% 0.000000% 0.~~000000~~305543% 0.000000% 0.~~000000~~698385% 0.~~000000~~339118% 0.000000% 0.~~000000~~358592% 0.000000% 0.~~000000~~697710% 120 Days 0.~~000000~~305543% 0.~~000000~~087298% 0.~~000000~~349192% 0.000000% 0.~~000000~~742034% 0.~~000000~~201080% 0.~~000000~~058890% 0.~~000000~~384411% 0.000000% 0.~~000000~~644381% 150 Days 0.~~000000~~130947% 0.~~000000~~043649% 0.~~000000~~043649% 0.000000% 0.~~000000~~218245% 0.~~000000~~160437% 0.~~000000~~021775% 0.~~000000~~018474% 0.000000% 0.~~000000~~200686% 180 Days 0.~~000000~~043649% 0.000000% 0.000000% 0.000000% 0.~~000000~~043649% 0.~~000000~~053804% 0.000000% 0.000000% 0.000000% 0.~~000000~~053804% Totals 04.~~304414~~714099% 0.~~000000~~305543% 0.~~000000~~829332% 0.000000% 05.~~304414~~848974% 04.~~263041~~298251% 0.~~000000~~237004% 0.~~000000~~868460% 0.000000% 05.~~263041~~403715% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(A) 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 34 0 0 0 34 ~~338~~465,~~152~~751.1948 0.00 0.00 0.00 ~~338~~465,~~152~~751.1948 60 Days 32 0 0 0 32 ~~195~~70,~~679~~299.4320 0.00 0.00 0.00 ~~195~~70,~~679~~299.4320 90 Days 0 0 01 0 01 0.00 0.00 0583,704.0072 0.00 0583,704.0072 120 Days 03 01 0 0 04 0406,451.0079 063,759.0050 0.00 0.00 0470,211.0029 150 Days 01 0 0 0 01 080,926.0001 0.00 0.00 0.00 080,926.0001 180 Days 02 0 0 01 03 0171,742.0034 0.00 0.00 076,500.00 0248,242.0034 Totals 612 01 01 01 615 ~~533~~1,~~831~~195,170.6282 063,759.0050 0583,704.0072 076,500.00 ~~533~~1,~~831~~919,135.6204 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~779221~~215805% 0.000000% 0.000000% 0.000000% 01.~~779221~~215805% 0.~~383718~~592323% 0.000000% 0.000000% 0.000000% 0.~~383718~~592323% 60 Days 0.~~779221~~607903% 0.000000% 0.000000% 0.000000% 0.~~779221~~607903% 0.~~222047~~089404% 0.000000% 0.000000% 0.000000% 0.~~222047~~089404% 90 Days 0.000000% 0.000000% 0.~~000000~~303951% 0.000000% 0.~~000000~~303951% 0.000000% 0.000000% 0.~~000000~~742331% 0.000000% 0.~~000000~~742331% 120 Days 0.~~000000~~911854% 0.~~000000~~303951% 0.000000% 0.000000% 01.~~000000~~215805% 0.~~000000~~516908% 0.~~000000~~081087% 0.000000% 0.000000% 0.~~000000~~597995% 150 Days 0.~~000000~~303951% 0.000000% 0.000000% 0.000000% 0.~~000000~~303951% 0.~~000000~~102918% 0.000000% 0.000000% 0.000000% 0.~~000000~~102918% 180 Days 0.~~000000~~607903% 0.000000% 0.000000% 0.~~000000~~303951% 0.~~000000~~911854% 0.~~000000~~218415% 0.000000% 0.000000% 0.~~000000~~097290% 0.~~000000~~315704% Totals 13.~~558442~~647416% 0.~~000000~~303951% 0.~~000000~~303951% 0.~~000000~~303951% 14.~~558442~~559271% 01.~~605764~~519968% 0.~~000000~~081087% 0.~~000000~~742331% 0.~~000000~~097290% 02.~~605764~~440676% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3(B) 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 10 0 10 0.00 ~~498,531~~0.3100 0.00 ~~498,531~~0.3100 30 Days 412 0 0 0 412 12,~~059~~941,~~118~~362.3167 0.00 0.00 0.00 12,~~059~~941,~~118~~362.3167 60 Days 38 0 01 0 39 ~~266~~2,~~686~~918,283.6087 0.00 0592,348.0064 0.00 ~~266~~3,~~686~~510,632.6051 90 Days 01 0 0 0 01 0696,474.0006 0.00 0.00 0.00 0696,474.0006 120 Days 02 02 07 01 012 01,046,233.0013 0218,151.0019 01,662,787.0099 083,112.0008 03,010,284.0039 150 Days 02 0 01 0 03 0505,284.0063 0.00 0438,776.0078 0.00 0944,061.0041 180 Days 04 01 0 0 05 01,230,265.0061 0111,600.00 0.00 0.00 01,341,865.0061 Totals 729 03 9 1 042 ~~8 1~~9,~~325~~337,~~804~~903.9197 0329,751.0019 ~~498~~2,~~531~~693,913.3141 083,112.0008 112,~~824~~444,~~336~~680.2265 0-29 Days 0.000000% 0.~~122399~~000000% 0.000000% 0.~~122399~~000000% 0.000000% 0.~~175011~~000000% 0.000000% 0.~~175011~~000000% 30 Days 01.~~489596~~759531% 0.000000% 0.000000% 0.000000% 01.~~489596~~759531% 01.~~371806~~243654% 0.000000% 0.000000% 0.000000% 01.~~371806~~243654% 60 Days 01.~~367197~~173021% 0.000000% 0.~~000000~~146628% 0.000000% 01.~~367197~~319648% 01.~~093621~~233896% 0.000000% 0.~~000000~~250454% 0.000000% 01.~~093621~~484350% 90 Days 0.~~000000~~146628% 0.000000% 0.000000% 0.000000% 0.~~000000~~146628% 0.~~000000~~294480% 0.000000% 0.000000% 0.000000% 0.~~000000~~294480% 120 Days 0.~~000000~~293255% 0.~~000000~~293255% 01.~~000000~~026393% 0.~~000000~~146628% 01.~~000000~~759531% 0.~~000000~~442364% 0.~~000000~~092238% 0.~~000000~~703053% 0.~~000000~~035141% 01.~~000000~~272795% 150 Days 0.~~000000~~293255% 0.000000% 0.~~000000~~146628% 0.000000% 0.~~000000~~439883% 0.~~000000~~213642% 0.000000% 0.~~000000~~185522% 0.000000% 0.~~000000~~399164% 180 Days 0.~~000000~~586510% 0.~~000000~~146628% 0.000000% 0.000000% 0.~~000000~~733138% 0.~~000000~~520176% 0.~~000000~~047186% 0.000000% 0.000000% 0.~~000000~~567362% Totals 04.~~856793~~252199% 0.~~000000~~439883% 01.~~122399~~319648% 0.~~000000~~146628% 06.~~979192~~158358% 03.~~465427~~948212% 0.~~000000~~139424% 01.~~175011~~139029% 0.~~000000~~035141% 05.~~640437~~261806%

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.~~481084~~455537% Weighted Average Net Coupon 67.~~607621~~018711% Weighted Average Pass-Through Rate 6.~~607621~~578287% Weighted Average Maturity(Stepdown Calculation ) ~~351~~346 Beginning Scheduled Collateral Loan Count 98,~~859~~948 Number Of Loans Paid In Full 70328 Ending Scheduled Collateral Loan Count 98,~~789~~620 Beginning Scheduled Collateral Balance 1,~~653~~483,~~361~~967,~~273~~098.8945 Ending Scheduled Collateral Balance 1,~~639~~421,~~854~~304,~~963~~319.3078 Ending Actual Collateral Balance at 2931-~~Feb~~Jul-2004 1,~~640~~422,~~933~~431,~~403~~924.1668 Monthly P &I Constant 1110,~~584~~415,~~710~~050.4005 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 090,053.0052 Cumulative Realized Loss 0144,432.0076 Ending Scheduled Balance for Premium Loans 1,~~639~~421,~~854~~304,~~963~~319.3078 Scheduled Principal 1,~~277~~195,~~264~~240.4790 Unscheduled Principal 1261,~~229~~467,~~046~~537.1277

Miscellaneous Reporting ~~Target~~Credit ~~Overcollateralization~~Risk 8Managers Fee 18,~~272~~549.59 Excess Cash Amount 5,~~273~~679,371.0028 Overcollateralization Deficiency Amount 0.00 ~~Excess~~Target ~~Cash~~Overcollateralization ~~Amount 6~~8,~~848~~272,~~990~~273.3200 Cap Payment 0.00

Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~631594~~616359 7.~~315459~~293973 7.~~852207~~812707 Weighted Average Net Rate 7.~~241014~~225907 6.~~903807~~881463 7.~~429721~~391933 Weighted Average Maturity ~~353~~348 ~~353~~348 ~~347~~342 Beginning Loan Count 1,~~484~~393 32,~~129~~854 1,~~379~~249 Loans Paid In Full 638 16105 1135 Ending Loan Count 1,~~478~~355 32,~~113~~749 1,~~368~~214 Beginning Scheduled Balance ~~195~~182,~~036~~188,~~077~~217.7987 ~~500~~452,~~921~~609,~~345~~536.7801 ~~158~~144,~~449~~388,~~655~~122.0694 Ending scheduled Balance ~~193~~176,~~929~~725,~~130~~096.7452 ~~498~~433,~~259~~186,~~971~~772.7327 ~~157~~141,~~157~~306,~~500~~932.2308 Record Date 0207/2931/2004 0207/2931/2004 0207/2931/2004 Principal And Interest Constant 1,~~415~~325,~~179~~974.3941 3,~~451~~123,~~200~~969.9995 1,~~187~~083,~~601~~762.2863 Scheduled Principal ~~174~~169,~~815~~632.9500 ~~397~~372,~~476~~868.3864 ~~150~~143,~~784~~710.9886 Unscheduled Principal ~~932~~5,~~131~~293,489.1035 219,~~263~~049,~~897~~895.6710 12,~~141~~937,~~369~~480.8500 Scheduled Interest 1,~~240~~156,~~363~~342.4441 32,~~053~~751,~~724~~101.6131 1940,~~036,816~~051.3077 Servicing Fees 6359,~~480~~279.9582 ~~171~~155,~~837~~588.6314 5550,~~785~~628.6595 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 6763,~~709~~294.4202 ~~229~~210,~~551~~599.5037 5045,~~251~~249.5750 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 1,~~109~~033,~~173~~768.0757 2,~~652~~384,~~335~~913.4880 ~~930~~844,~~779~~173.0832 Realized Loss Amount 0.00 090,053.0052 0.00 Cumulative Realized Loss 0.00 090,053.0052 0.00 Percentage of Cumulative Losses 0.0000 0.~~0000~~0180 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.809015 6.323103 7.015868

Group Level Collateral Statement Group 2(B) 3(A) 3(B) Collateral Description Mixed ARM Mixed Fixed Mixed ARM Weighted Average Coupon Rate 7.~~773572~~762481 7.~~504067~~412187 76.~~029566~~979552 Weighted Average Net Rate 7.~~294521~~283046 76.~~076799~~988022 6.~~565807~~515354 Weighted Average Maturity ~~347~~342 ~~351~~346 ~~351~~346 Beginning Loan Count 2,~~650~~391 ~~390~~340 ~~827~~721 Loans Paid In Full 22100 511 1039 Ending Loan Count 2,~~628~~291 ~~385~~329 ~~817~~682 Beginning Scheduled Balance ~~421~~374,~~349~~137,~~177~~655.5301 8880,~~645~~428,~~182~~016.2231 ~~288~~250,~~959~~215,~~835~~550.5131 Ending scheduled Balance ~~417~~355,~~781~~206,~~107~~209.9763 8878,~~059~~569,~~175~~945.8950 ~~284~~236,~~668~~309,~~076~~363.7478 Record Date 0207/2931/2004 0207/2931/2004 0207/2931/2004 Principal And Interest Constant 2,~~999~~669,~~981~~179.7237 ~~633~~571,~~505~~406.2825 1,~~897~~640,~~241~~757.7444 Scheduled Principal ~~270~~248,~~491~~982.4137 7974,~~172~~616.4869 ~~204~~185,~~523~~430.2734 Unscheduled Principal 318,~~297~~682,~~578~~463.1501 ~~506~~1,~~833~~783,454.8512 413,~~087~~720,~~235~~756.5019 Scheduled Interest 2,~~729~~420,~~490~~197.3100 ~~554~~496,~~332~~789.8056 1,~~692~~455,~~718~~327.4710 Servicing Fees ~~168~~149,~~206~~478.5292 3128,~~562~~428.7093 ~~111~~96,~~672~~791.9626 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 ~~131~~119,~~823~~824.0572 1918,~~188~~666.0953 ~~102~~87,~~388~~010.7490 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 2,~~429~~150,~~460~~893.7436 ~~503~~449,~~582~~694.0110 1,~~478~~271,~~656~~524.7794 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 053,766.0074 0612.0050 Percentage of Cumulative Losses 0.0000 0.~~0000~~0607 0.~~0000~~0002 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.898723 6.709514 6.098062

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~481084~~455537 Weighted Average Net Rate 67.~~607621~~018711 Weighted Average Maturity ~~351~~346.00 Record Date 0207/2931/2004 Principal And Interest Constant 1110,~~584~~415,~~710~~050.4005 Beginning Loan Count 98,~~859~~948 Loans Paid In Full 70328 Ending Loan Count 98,~~789~~620 Beginning Scheduled Balance 1,~~653~~483,~~361~~967,~~273~~098.8945 Ending Scheduled Balance 1,~~639~~421,~~854~~304,~~963~~319.3078 Scheduled Principal 1,~~277~~195,~~264~~240.4790 Unscheduled Principal 1261,~~229~~467,~~046~~537.1277 Scheduled Interest 109,~~307~~219,~~445~~809.9315 Servicing Fee ~~602~~540,~~546~~196.4102 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee ~~600~~544,~~912~~645.3704 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 98,~~103~~134,~~987~~968.1509 Realized Loss Amount 090,053.0052 Cumulative Realized Loss 0144,432.0076 Percentage of Cumulative Losses 0.~~0000~~0087 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~607621~~578287

EX-99.2

Filing Compare · STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SERIES 2004 2