8-K 1 aeg0401.txt AUGUST 8K 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 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110187-01 Pooling and Servicing Agreement) (Commission 54-2142310 (State or other File Number) 54-2142311 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 AEGIS ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2004-1 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 2004-1 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee 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 2004-1 Trust, relating to the August 25, 2004 distribution. EX-99.1

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 67/3031/04 Distribution Date: 78/2625/04 AEGIS Series: 2004-1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A 00764MBC0 SEN 1.~~65000~~80000% ~~352~~340,~~608~~156,~~806~~667.8293 ~~500~~510,~~998~~235.3102 1214,~~452~~387,~~138~~865.8996 M1 00764MBD8 MEZ 12.~~98000~~13000% 35,000,000.00 5962,~~675~~125.00 0.00 M2 00764MBE6 MEZ 2.~~65000~~80000% 28,750,000.00 6567,~~605~~083.9033 0.00 M3 00764MBF3 MEZ 23.~~85000~~00000% 7,500,000.00 18,~~406~~750.2500 0.00 B1 00764MBG1 SUB 3.~~15000~~30000% 8,750,000.00 2324,~~734~~062.3750 0.00 B2 00764MBH9 SUB 3.~~30000~~45000% 7,500,000.00 21,~~312~~562.50 0.00 B3 00764MBJ5 SUB 5.~~30000~~45000% 7,500,000.00 34,~~229~~062.1750 0.00 X AEG04001X SEN 0.00000% 12,500,315.16 21,~~060~~968,~~203~~010.4208 0.00 P AEG04001P SEN 0.00000% 100.00 ~~196~~223,~~194~~425.6288 0.00 R AEG0401R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~460~~447,~~109~~657,~~221~~083.9809 2,~~980~~929,~~359~~316.5481 1214,~~452~~387,~~138~~865.8996

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~340~~325,~~156~~768,~~667~~801.9397 1214,~~953~~898,~~137~~100.2098 0.00 M1 0.00 35,000,000.00 5962,~~675~~125.00 0.00 M2 0.00 28,750,000.00 6567,~~605~~083.9033 0.00 M3 0.00 7,500,000.00 18,~~406~~750.2500 0.00 B1 0.00 8,750,000.00 2324,~~734~~062.3750 0.00 B2 0.00 7,500,000.00 21,~~312~~562.50 0.00 B3 0.00 7,500,000.00 34,~~229~~062.1750 0.00 X 0.00 12,500,315.16 21,~~060~~968,~~203~~010.4208 0.00 P 0.00 100.00 ~~196~~223,~~194~~425.6288 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~447~~433,~~657~~269,~~083~~217.0913 1517,~~432~~317,~~498~~182.4377 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A 392,500,000.00 ~~352~~340,~~608~~156,~~806~~667.8293 0.00 1214,~~452~~387,~~138~~865.8996 0.00 0.00 M1 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 M2 28,750,000.00 28,750,000.00 0.00 0.00 0.00 0.00 M3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B1 8,750,000.00 8,750,000.00 0.00 0.00 0.00 0.00 B2 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 X 12,512,506.31 12,500,315.16 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 500,012,606.31 ~~460~~447,~~109~~657,~~221~~083.9809 0.00 1214,~~452~~387,~~138~~865.8996 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A 1214,~~452~~387,~~138~~865.8996 ~~340~~325,~~156~~768,~~667~~801.9397 0.~~86664119~~82998421 1214,~~452~~387,~~138~~865.8996 M1 0.00 35,000,000.00 1.00000000 0.00 M2 0.00 28,750,000.00 1.00000000 0.00 M3 0.00 7,500,000.00 1.00000000 0.00 B1 0.00 8,750,000.00 1.00000000 0.00 B2 0.00 7,500,000.00 1.00000000 0.00 B3 0.00 7,500,000.00 1.00000000 0.00 X 0.00 12,500,315.16 0.99902568 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1214,~~452~~387,~~138~~865.8996 ~~447~~433,~~657~~269,~~083~~217.0913 0.~~89529159~~86651659 1214,~~452~~387,~~138~~865.8996

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 392,500,000.00 ~~898~~866.~~36638680~~64119218 0.00000000 3136.~~72519462~~65698334 0.00000000 M1 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 28,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 8,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 12,512,506.31 999.02568281 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 3136.~~72519462~~65698334 ~~866~~829.~~64119218~~98420884 0.~~86664119~~82998421 3136.~~72519462~~65698334 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 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.02568281 0.99902568 0.00000000 P 0.00000000 0.00000000 1,000.00000000 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 A 392,500,000.00 1.~~65000~~80000% ~~352~~340,~~608~~156,~~806~~667.8293 ~~500~~510,~~998~~235.3500 0.00 0.00 M1 35,000,000.00 12.~~98000~~13000% 35,000,000.00 5962,~~675~~125.00 0.00 0.00 M2 28,750,000.00 2.~~65000~~80000% 28,750,000.00 6567,~~605~~083.9033 0.00 0.00 M3 7,500,000.00 23.~~85000~~00000% 7,500,000.00 18,~~406~~750.2500 0.00 0.00 B1 8,750,000.00 3.~~15000~~30000% 8,750,000.00 2324,~~734~~062.3850 0.00 0.00 B2 7,500,000.00 3.~~30000~~45000% 7,500,000.00 21,~~312~~562.50 0.00 0.00 B3 7,500,000.00 5.~~30000~~45000% 7,500,000.00 34,~~229~~062.1750 0.00 0.00 X 12,512,506.31 0.00000% 12,500,315.16 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 500,012,606.31 ~~723~~737,~~961~~880.5583 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A 0.0400 0.00 ~~500~~510,~~998~~235.3102 0.00 ~~340~~325,~~156~~768,~~667~~801.9397 M1 0.00 0.00 5962,~~675~~125.00 0.00 35,000,000.00 M2 0.00 0.00 6567,~~605~~083.9033 0.00 28,750,000.00 M3 0.00 0.00 18,~~406~~750.2500 0.00 7,500,000.00 B1 0.00 0.00 2324,~~734~~062.3750 0.00 8,750,000.00 B2 0.00 0.00 21,~~312~~562.50 0.00 7,500,000.00 B3 0.00 0.00 34,~~229~~062.1750 0.00 7,500,000.00 X 0.00 0.00 21,~~060~~968,~~203~~010.4208 0.00 12,500,315.16 P 0.00 0.00 ~~196~~223,~~194~~425.6288 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.0400 0.00 2,~~980~~929,~~359~~316.5481 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A 392,500,000.00 1.~~65000~~80000% ~~898~~866.~~36638680~~64119218 1.~~27642892~~29996178 0.00000000 0.00000000 M1 35,000,000.00 12.~~98000~~13000% 1000.00000000 1.~~70500000~~77500000 0.00000000 0.00000000 M2 28,750,000.00 2.~~65000~~80000% 1000.00000000 2.~~28194435~~33333322 0.00000000 0.00000000 M3 7,500,000.00 23.~~85000~~00000% 1000.00000000 2.~~45416667~~50000000 0.00000000 0.00000000 B1 8,750,000.00 3.~~15000~~30000% 1000.00000000 2.~~71250057~~75000000 0.00000000 0.00000000 B2 7,500,000.00 3.~~30000~~45000% 1000.00000000 2.~~84166667~~87500000 0.00000000 0.00000000 B3 7,500,000.00 5.~~30000~~45000% 1000.00000000 4.~~56388933~~54166667 0.00000000 0.00000000 X 12,512,506.31 0.00000% 999.02568281 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A 0.~~00000010~~00000000 0.00000000 1.~~27642882~~29996183 0.00000000 ~~866~~829.~~64119218~~98420884 M1 0.00000000 0.00000000 1.~~70500000~~77500000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~28194435~~33333322 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.~~45416667~~50000000 0.00000000 1000.00000000 B1 0.00000000 0.00000000 2.~~71249943~~75000000 0.00000000 1000.00000000 B2 0.00000000 0.00000000 2.~~84166667~~87500000 0.00000000 1000.00000000 B3 0.00000000 0.00000000 4.~~56388933~~54166667 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~164~~157.~~65153894~~28344356 0.00000000 999.02568281 P 0.00000000 0.00000000 ~~1961946~~2234258.~~20000000~~80000000 0.00000000 1000.00000000 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 1517,~~414~~267,~~723~~748.7283 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~125~~146,~~012~~899.8389 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(85.00) Prepayment Penalties ~~196~~223,~~194~~425.6288 Total Deposits 1517,~~735~~637,~~931~~989.1760 Withdrawals Reimbursement for Servicer Advances ~~102~~125,~~192~~012.5383 Payment of Service Fee ~~201~~195,~~240~~794.2100 Payment of Interest and Principal 1517,~~432~~317,~~498~~182.4377 Total Withdrawals (Pool Distribution Amount) 1517,~~735~~637,~~931~~989.1760 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~191~~186,~~712~~523.1277 Credit Risk Manager Fee 5,~~751~~595.3671 Trustee Fee 3,~~776~~674.7352 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~201~~195,~~240~~794.2100

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.5169 0.5169 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00

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 1418 0 0 1418 12,~~817~~058,~~754~~674.5914 0.00 0.00 12,~~817~~058,~~754~~674.5914 30 Days 5758 42 0 0 6160 6,~~425~~666,~~600~~339.2289 ~~563~~176,~~114~~927.4720 0.00 0.00 6,~~988~~843,~~714~~267.6909 60 Days 2328 4 1 3 0 2733 3,~~045~~731,~~522~~687.8293 64461,~~780~~600.6654 ~~900~~142,~~596~~556.2125 0.00 4,~~010~~335,~~899~~844.6972 90 Days 59 1 1113 01 1724 ~~960~~1,~~388~~534,697.68 95 64,~~561~~748.3230 21,~~374~~787,~~161~~301.2715 0571,046.0046 3,~~430~~957,~~111~~793.2786 120 Days 2 1 43 08 71 ~~227~~13 186,~~802~~919.9856 ~~172~~407,~~001~~876.37 ~~670~~1,~~724~~929,167.1408 048,413.0053 12,~~070~~572,~~528~~376.4954 150 Days 1 01 34 01 47 9960,~~519~~696.7475 0171,898.0010 ~~371~~742,~~514~~548.2693 094,470.0061 ~~471~~1,~~034~~069,614.0039 180+ Days 12 2 13 12 59 40139,~~166~~507.1436 ~~369~~368,~~188~~980.8752 ~~246~~515,~~297~~868.7949 ~~162~~264,~~927~~282.7531 ~~818~~1,~~580~~288,638.5568 Totals 8999 2331 2229 15 ~~135~~164 1012,~~799~~319,~~000~~849.5844 3,~~082~~710,~~401~~705.2817 45,~~563~~117,~~293~~441.6790 ~~162~~978,~~927~~212.7591 1822,~~607~~126,~~623~~209.2842 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.~~404391~~533491% 0.000000% 0.000000% 0.~~404391~~533491% 0.~~406060~~475149% 0.000000% 0.000000% 0.~~406060~~475149% 30 Days 1.~~646447~~719028% 0.~~115540~~059277% 0.000000% 0.000000% 1.~~761987~~778305% 1.~~435385~~538614% 0.~~125792~~040835% 0.000000% 0.000000% 1.~~561176~~579450% 60 Days 0.~~664356~~829876% 0.~~028885~~118554% 0.~~086655~~029638% 0.000000% 0.~~779896~~978068% 0.~~680325~~861286% 0.~~014471~~106539% 0.~~201180~~032902% 0.000000% 01.~~895976~~000728% 90 Days 0.~~144425~~266746% 0.~~028885~~029638% 0.~~317735~~385299% 0.~~000000~~029638% 0.~~491046~~711322% 0.~~214537~~354214% 0.~~021347~~014944% 0.~~530353~~412515% 0.~~000000~~131799% 0.~~766237~~913472% 120 Days 0.~~057770~~029638% 0.~~028885~~088915% 0.~~115540~~237107% 0.~~000000~~029638% 0.~~202195~~385299% 0.~~050888~~043142% 0.~~038423~~094139% 0.~~149830~~445258% 0.~~000000~~011174% 0.~~239140~~593713% 150 Days 0.~~028885~~029638% 0.~~000000~~029638% 0.~~086655~~118554% 0.~~000000~~029638% 0.~~115540~~207469% 0.~~022231~~014009% 0.~~000000~~039675% 0.~~082991~~171383% 0.~~000000~~021804% 0.~~105222~~246871% 180+ Days 0.~~028885~~059277% 0.~~057770~~059277% 0.~~028885~~088915% 0.~~028885~~059277% 0.~~144425~~266746% 0.~~008973~~032199% 0.~~082471~~085162% 0.~~055019~~119064% 0.~~036396~~060997% 0.~~182859~~297422% Totals 2.~~570768~~934203% 0.~~664356~~918791% 0.~~635471~~859514% 0.~~028885~~148192% 34.~~899480~~860699% 2.~~412338~~843464% 0.~~688563~~856443% 1.~~019373~~181123% 0.~~036396~~225775% 45.~~156670~~106805%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~125~~146,~~012~~899.8389

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.~~771894~~767164% Weighted Average Net Coupon 7.~~271894~~267164% Weighted Average Pass-Through Rate 7.~~262044~~253702% Weighted Average Maturity(Stepdown Calculation ) ~~342~~341 Beginning Scheduled Collateral Loan Count 3,~~548~~462 Number Of Loans Paid In Full 8688 Ending Scheduled Collateral Loan Count 3,~~462~~374 Beginning Scheduled Collateral Balance ~~460~~447,~~109~~656,~~121~~983.9809 Ending Scheduled Collateral Balance ~~447~~433,~~656~~269,~~983~~117.0913 Ending Actual Collateral Balance at 3031-~~Jun~~Jul-2004 ~~447~~433,~~656~~269,~~983~~117.0913 Monthly P &I Constant 3,~~385~~296,~~588~~382.9205 Special Servicing Fee 0.00 Prepayment Penalties ~~196~~223,~~194~~425.6288 Realized Loss Amount 085.00 Cumulative Realized Loss 085.00 Ending Scheduled Balance for Premium Loans ~~447~~433,~~656~~269,~~983~~117.0913 Scheduled Principal ~~405~~398,~~656~~860.0888 Unscheduled Principal 1213,~~046~~989,~~482~~005.8108

Miscellaneous Reporting LIBOR Index Rate 1.~~300000~~450000% Overcollateralization Deficiency Amount 0.00 Overcollateralization Release Amount 0.00 Target Overcollateralization Amount 12,500,315.16

Filing Compare · AEGIS ASSET BACKED SEC TR MORT PASS THR CERT SER 2004 1