8-K 1 hma04001_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 HOMESTAR MORTGAGE ACCEPTANCES CORP. Asset Backed Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-107563-01 Pooling and Servicing Agreement) (Commission 54-2147373 (State or other File Number) 54-2147374 jurisdiction IRS EIN of Incorporation) 9062 Old Annpolis 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 HOMESTAR MORTGAGE ACCEPTANCES CORP., Asset Backed 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 Asset Backed 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. HOMESTAR MORTGAGE ACCEPTANCES CORP. Asset Backed Pass-Through Certificates, Series 2004-1 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: 9/1/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-1 Trust, relating to the August 25, 2004 distribution. EX-99.1

~~HomeBanc~~Homestar Mortgage ~~Trust~~Acceptance Corp Mortgage Pass-Through Certificates Record Date: 7/31/042004 Distribution Date: 8/25/042004 ~~HBM~~HMAC 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 I-A-1 ~~43739EAA5~~437690AA8 SEN 1.~~82000~~77000% ~~200~~238,~~000~~595,~~000~~407.0080 ~~252~~351,~~777~~928.7823 15,~~098~~815,~~004~~850.8796 ~~II-~~A-2 ~~43739EAB3~~437690AK6 SEN 1.~~82000~~87000% ~~680~~26,~~790~~510,~~000~~807.0051 ~~860~~41,~~442~~312.9268 5646,~~501,382~~210.1270 I-M-1 ~~43739EAC1~~437690AB6 MEZ 1.~~99000~~98000% 95,~~551~~265,000.00 138,~~198~~687.9525 ~~52,435~~0.2200 ~~II-~~M-12 ~~43739EAD9~~437690AC4 MEZ 12.~~99000~~01000% 324,~~637~~645,000.00 457,~~102~~780.5237 ~~263,735~~0.6700 I-M-23 ~~43739EAE7~~437690AD2 MEZ 2.~~54000~~08000% 93,~~439~~097,000.00 165,~~649~~368.3513 ~~51,820~~0.3400 ~~II-~~M-24 ~~43739EAF4~~437690AE0 MEZ 2.~~54000~~50000% 322,~~637~~323,000.00 574,~~568~~839.0458 ~~263~~0.00 M-5 437690AF7 MEZ 2.60000% 1,~~735~~549,000.6700 I3,356.17 0.00 M-B6 ~~43739EAG2~~437690AG5 ~~SUB~~MEZ 2.~~89000~~80000% 43,~~944~~097,000.00 97,~~922~~226.33 ~~27,142~~0.6800 IIM-B7 ~~43739EAH0~~437690AH3 ~~SUB~~MEZ 23.~~89000~~15000% 191,~~198~~548,000.00 384,~~529~~063.3250 ~~155~~0.00 M-8 437690AJ9 MEZ 3.25000% 1,~~136~~549,000.7300 OT4,195.21 ~~HBM0401OT~~0.00 OTC HMA04001E OC 0.00000% 1,548,550.02 886,838.64 0.00 1P HMA04001P Prepay 0.00000% 100.00 69,~~086,943~~686.5742 0.00 R HMA0401R1 RES 0.00000% 0.00 0.00 0.00 Totals ~~989~~289,~~196~~727,~~000~~865.0033 21,~~381~~395,~~134~~282.7851 76,~~413~~462,~~393~~061.3066

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~198~~232,~~901~~779,~~995~~556.1384 16,~~350~~167,~~782~~779.6519 0.00 ~~II-~~A-2 0.00 ~~675~~25,~~288~~864,~~617~~596.8881 6687,~~361,825~~523.0438 0.00 I-M-1 0.00 95,~~498~~265,~~564~~000.7800 658,~~634~~687.1725 0.00 ~~II-~~M-12 0.00 324,~~373~~645,~~264~~000.3300 ~~308~~7,~~838~~780.1937 0.00 I-M-23 0.00 93,~~387~~097,~~179~~000.6600 685,~~469~~368.6913 0.00 ~~II-~~M-4 0.00 2,323,000.00 4,839.58 0.00 32M-5 0.00 1,~~373~~549,~~264~~000.3300 ~~321~~3,~~303~~356.7117 0.00 IM-B6 0.00 43,~~916~~097,~~857~~000.3200 377,~~065~~226.0133 0.00 IIM-B7 0.00 191,~~042~~548,~~863~~000.2700 ~~193~~4,~~666~~063.0550 0.00 OTM-8 0.00 1,549,000.00 4,195.21 0.00 C 0.00 1,~~086~~548,~~943~~550.5702 886,838.64 0.00 P 0.00 100.00 69,686.42 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~981~~283,~~782~~265,~~606~~803.7067 97,~~794~~857,~~528~~344.0817 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 ~~200~~256,~~000~~579,000.00 ~~200~~238,~~000~~595,~~000~~407.0080 0.00 15,~~098~~815,~~004~~850.8796 0.00 0.00 ~~II-~~A-2 ~~680~~28,~~790~~509,000.00 ~~680~~26,~~790~~510,~~000~~807.51 0.00 646,210.70 0.00 0.00 M-1 5,~~501~~265,~~382~~000.1200 5,265,000.00 0.00 0.00 I-0.00 0.00 M-12 94,~~551~~645,000.00 94,~~551~~645,000.00 0.00 ~~52,435~~0.2200 0.00 0.00 ~~II-~~M-13 323,~~637~~097,000.00 323,~~637~~097,000.00 0.00 ~~263,735~~0.6700 0.00 0.00 I-M-24 92,~~439~~323,000.00 92,~~439~~323,000.00 0.00 ~~51,820~~0.3400 0.00 0.00 ~~II-~~M-25 321,~~637~~549,000.00 321,~~637~~549,000.00 0.00 ~~263,735~~0.6700 0.00 0.00 IM-B6 43,~~944~~097,000.00 43,~~944~~097,000.00 0.00 270.00 0.00 0.00 M-7 1,~~142~~548,000.6800 1,548,000.00 0.00 0.00 II0.00 0.00 M-B8 191,~~198~~549,000.00 191,~~198~~549,000.00 0.00 ~~155~~0.00 0.00 0.00 C 1,~~136~~548,904.7370 1,548,550.02 0.00 0.00 OT0.00 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 ~~989~~309,~~196~~710,~~000~~004.0070 ~~989~~289,~~196~~727,~~000~~865.0033 0.00 76,~~413~~462,~~393~~061.3066 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A -1 5,~~098~~815,~~004~~850.8796 ~~198~~232,~~901~~779,~~995~~556.1384 0.~~99450998~~90724321 15,~~098~~815,~~004~~850.8796 ~~II-~~A-2 5646,~~501,382~~210.1270 ~~675~~25,~~288~~864,~~617~~596.8881 0.~~99191912~~90724321 5646,~~501,382~~210.1270 I-M-1 ~~52,435~~0.2200 95,~~498~~265,~~564~~000.7800 01.~~99450998~~00000000 ~~52,435~~0.2200 ~~II-~~M-12 ~~263,735~~0.6700 324,~~373~~645,~~264~~000.3300 01.~~99191912~~00000000 ~~263,735~~0.6700 I-M-23 ~~51,820~~0.3400 93,~~387~~097,~~179~~000.6600 01.~~99450998~~00000000 ~~51,820~~0.3400 ~~II-~~M-24 ~~263,735~~0.6700 322,~~373~~323,~~264~~000.3300 1.00000000 0.~~99191912~~00 ~~263~~M-5 0.00 1,~~735~~549,000.6700 I1.00000000 0.00 M-B6 ~~27,142~~0.6800 43,~~916~~097,~~857~~000.3200 1.00000000 0.~~99450998~~00 27M-7 0.00 1,~~142~~548,000.6800 II1.00000000 0.00 M-B8 ~~155,136~~0.7300 191,~~042~~549,~~863~~000.2700 1.00000000 0.~~99191912~~00 ~~155~~C 0.00 1,~~136~~548,550.7302 OT0.99977101 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 76,~~413~~462,~~393~~061.3066 ~~981~~283,~~782~~265,~~606~~803.7067 0.~~99250564~~91461625 76,~~413~~462,~~393~~061.3066

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion IA-1 256,579,000.00 929.91011657 0.00000000 22.66690166 0.00000000 A-2 ~~200~~28,509,000.00 929.91011645 0.00000000 22.66690168 0.00000000 M-1 5,265,000.00 1000.00000000 0.00000000 50.~~49002435~~00000000 0.00000000 IIM-A2 ~~680~~4,~~790~~645,000.00 1000.00000000 0.00000000 80.~~08087974~~00000000 0.00000000 I-M-13 93,~~551~~097,000.00 1000.00000000 0.00000000 50.~~49002408~~00000000 0.00000000 ~~II-~~M-14 322,~~637~~323,000.00 1000.00000000 0.00000000 80.~~08087968~~00000000 0.00000000 I-M-25 91,~~439~~549,000.00 1000.00000000 0.00000000 50.~~49002437~~00000000 0.00000000 ~~II-~~M-26 323,~~637~~097,000.00 1000.00000000 0.00000000 80.~~08087968~~00000000 0.00000000 IM-B7 41,~~944~~548,000.00 1000.00000000 0.00000000 50.~~49002427~~00000000 0.00000000 IIM-B8 191,~~198~~549,000.00 1000.00000000 0.00000000 80.~~08087978~~00000000 0.00000000 OTC 1,548,904.70 999.77101238 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 (2) All Classes are per $1,000 denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 522.~~49002435~~66690166 ~~994~~907.~~50997565~~24321492 0.~~99450998~~90724321 522.~~49002435~~66690166 ~~II-~~A-2 0.00000000 822.~~08087974~~66690168 ~~991~~907.~~91912026~~24321477 0.~~99191912~~90724321 822.~~08087974~~66690168 I-M-1 0.00000000 50.~~49002408~~00000000 ~~994~~1,000.~~50997592~~00000000 01.~~99450998~~00000000 50.~~49002408~~00000000 ~~II-~~M-12 0.00000000 80.~~08087968~~00000000 ~~991~~1,000.~~91912032~~00000000 01.~~99191912~~00000000 80.~~08087968~~00000000 IM-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-24 0.00000000 50.~~49002437~~00000000 ~~994~~1,000.~~50997563~~00000000 1.00000000 0.~~99450998~~00000000 M-5 0.~~49002437~~00000000 II0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-27 0.00000000 80.~~08087968~~00000000 ~~991~~1,000.~~91912032~~00000000 1.00000000 0.~~99191912~~00000000 M-8 0.~~08087968~~00000000 ~~I-B~~0.00000000 1,000.00000000 1.00000000 0.00000000 5C 0.~~49002427~~00000000 ~~994~~0.~~50997573~~00000000 999.77101238 0.~~99450998~~99977101 50.~~49002427~~00000000 ~~II-B~~P 0.00000000 80.~~08087978~~00000000 ~~991~~1,000.~~91912022~~00000000 01.~~99191912~~00000000 80.~~08087978~~00000000 OTR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 ~~200~~256,~~000~~579,000.00 1.~~82000~~77000% ~~200~~238,~~000~~595,407.80 351,928.23 0.00 0.00 A-2 28,509,000.00 ~~252~~1.87000% 26,~~777~~510,807.7851 41,312.68 0.00 0.00 IIM-A1 ~~680~~5,~~790~~265,000.00 1.~~82000~~98000% ~~680~~5,~~790~~265,000.00 ~~860~~8,~~442~~687.9225 0.00 0.00 I-M-12 94,~~551~~645,000.00 12.~~99000~~01000% 94,~~551~~645,000.00 137,~~198~~780.9537 0.00 0.00 ~~II-~~M-13 323,~~637~~097,000.00 12.~~99000~~08000% 323,~~637~~097,000.00 455,~~102~~368.5213 0.00 0.00 I-M-24 92,~~439~~323,000.00 2.~~54000~~50000% 92,~~439~~323,000.00 164,~~649~~839.3558 0.00 0.00 ~~II-~~M-25 321,~~637~~549,000.00 2.~~54000~~60000% 321,~~637~~549,000.00 573,~~568~~356.0417 0.00 0.00 IM-B6 43,~~944~~097,000.00 2.~~89000~~80000% 43,~~944~~097,000.00 97,~~922~~226.33 0.00 0.00 IIM-B7 191,~~198~~548,000.00 23.~~89000~~15000% 191,~~198~~548,000.00 384,~~529~~063.3250 0.00 0.00 OTM-8 1,549,000.00 3.25000% 1,549,000.00 4,195.21 0.00 0.00 C 1,548,904.70 0.00000% 1,548,550.02 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals ~~989~~309,~~196~~710,~~000~~004.0070 1438,~~294,191~~757.2145 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A-1 0.00 0.00 ~~252~~351,~~777~~928.7823 0.00 ~~198~~232,~~901~~779,~~995~~556.1384 ~~II-~~A-2 0.00 0.00 ~~860~~41,~~442~~312.9268 0.00 ~~675~~25,~~288~~864,~~617~~596.8881 I-M-1 0.00 0.00 138,~~198~~687.9525 0.00 95,~~498~~265,~~564~~000.7800 ~~II-~~M-12 0.00 0.00 457,~~102~~780.5237 0.00 324,~~373~~645,~~264~~000.3300 I-M-23 0.00 0.00 165,~~649~~368.3513 0.00 93,~~387~~097,~~179~~000.6600 ~~II-~~M-4 0.00 0.00 4,839.58 0.00 2,323,000.00 M-5 0.00 0.00 573,~~568~~356.0417 0.00 321,~~373~~549,~~264~~000.3300 IM-B6 0.00 0.00 97,~~922~~226.33 0.00 3,097,000.00 M-7 0.00 0.00 4,~~916~~063.50 0.00 1,~~857~~548,000.3200 IIM-B8 0.00 0.00 384,~~529~~195.3221 0.00 191,~~042~~549,~~863~~000.2700 OTC 0.00 0.00 886,838.64 0.00 1,~~086~~548,~~943~~550.5702 P 0.00 0.00 69,686.42 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 21,~~381~~395,~~134~~282.7851 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 ~~200~~256,~~000~~579,000.00 1.~~82000~~77000% ~~1000~~929.~~00000000~~91011657 1.~~26388890~~37161744 0.00000000 0.00000000 ~~II-~~A-2 ~~680~~28,~~790~~509,000.00 1.~~82000~~87000% ~~1000~~929.~~00000000~~91011645 1.~~26388889~~44911011 0.00000000 0.00000000 I-M-1 95,~~551~~265,000.00 1.~~99000~~98000% 1000.00000000 1.~~38194430~~65000000 0.00000000 0.00000000 ~~II-~~M-12 324,~~637~~645,000.00 12.~~99000~~01000% 1000.00000000 1.~~38194442~~67499892 0.00000000 0.00000000 I-M-23 93,~~439~~097,000.00 2.~~54000~~08000% 1000.00000000 1.~~76388918~~73333226 0.00000000 0.00000000 ~~II-~~M-24 322,~~637~~323,000.00 2.~~54000~~50000% 1000.00000000 2.08333190 0.00000000 0.00000000 M-5 1,549,000.~~76388884~~00 2.60000% 1000.00000000 2.16666882 0.00000000 0.00000000 IM-B6 43,~~944~~097,000.00 2.~~89000~~80000% 1000.00000000 2.~~00694377~~33333226 0.00000000 0.00000000 IIM-B7 191,~~198~~548,000.00 3.15000% 1000.00000000 2.~~89000~~62500000 0.00000000 0.00000000 M-8 1,549,000.00 3.25000% 1000.00000000 2.~~00694447~~70833441 0.00000000 0.00000000 OTC 1,548,904.70 0.00000% 999.77101238 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 I-A-1 0.00000000 0.00000000 1.~~26388890~~37161744 0.00000000 ~~994~~907.~~50997565~~24321492 ~~II-~~A-2 0.00000000 0.00000000 1.~~26388889~~44911011 0.00000000 ~~991~~907.~~91912026~~24321477 I-M-1 0.00000000 0.00000000 1.~~38194430~~65000000 0.00000000 ~~994~~1000.~~50997592~~00000000 ~~II-~~M-12 0.00000000 0.00000000 1.~~38194442~~67499892 0.00000000 ~~991~~1000.~~91912032~~00000000 I-M-23 0.00000000 0.00000000 1.~~76388918~~73333226 0.00000000 ~~994~~1000.~~50997563~~00000000 IIM-4 0.00000000 0.00000000 2.08333190 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.16666882 0.00000000 1000.00000000 M-6 0.00000000 10.~~76388884~~00000000 2.33333226 0.00000000 ~~991~~1000.~~91912032~~00000000 IM-B7 0.00000000 0.00000000 2.~~00694377~~62500000 0.00000000 ~~994~~1000.~~50997573~~00000000 IIM-B8 0.00000000 0.00000000 2.~~00694447~~70833441 0.00000000 ~~991~~1000.~~91912022~~00000000 OTC 0.00000000 0.00000000 572.55855702 0.00000000 999.77101238 P 0.00000000 0.00000000 696864.20000000 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 107,~~076~~921,~~920~~698.7661 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2745,~~817~~489.7067 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 069,686.0042 Total Deposits 108,~~104~~036,~~738~~874.4670 Withdrawals Reimbursement for Servicer Advances 047,423.0076 Payment of Service Fee ~~310~~132,~~210~~106.3877 Payment of Interest and Principal 97,~~794~~857,~~528~~344.0817 Total Withdrawals (Pool Distribution Amount) 108,~~104~~036,~~738~~874.4670 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~310~~81,~~210~~289.3800 Master Servicing Fee 3,018.04 Radian Fee 47,799.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~310~~132,~~210~~106.3877

~~LOAN~~OTHER ~~STATUS~~ACCOUNTS ~~STRATIFICATION/CREDIT~~Beginning ~~ENHANCEMENT~~Current ~~STATEMENT~~Current ~~DELINQUENCY~~Ending ~~STATUS~~Account ~~DELINQUENT~~Type ~~BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal~~ Balance ~~Principal~~Withdrawals ~~Balance~~Deposits ~~Principal~~ Balance ~~Principal~~Reserve ~~Balance~~Fund ~~Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 56 0 0 0 56 11~~5,~~670,911~~000.~~25 0.~~00 0.00 0.00 115,~~670,911~~000.~~25 60 Days 0 0 0 0 0 0.~~00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 56 0 0 0 56 11,670,911.25 0.00 0.00 0.00 11,670,911.25 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.264394% 0.000000% 0.000000% 0.000000% 1.264394% 1.184555% 0.000000% 0.000000% 0.000000% 1.184555% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.264394% 0.000000% 0.000000% 0.000000% 1.264394% 1.184555% 0.000000% 0.000000% 0.000000% 1.184555%

~~Delinquency~~LOAN ~~Status~~STATUS BySTRATIFICATION/CREDIT ~~Groups~~ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total ~~Group I~~ 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 1929 0 0 0 1929 35,~~098~~966,~~709~~142.4630 0.00 0.00 0.00 35,~~098~~966,~~709~~142.4630 60 Days 04 0 0 0 04 0596,633.0011 0.00 0.00 0.00 0596,633.0011 90 Days 02 0 0 0 02 0354,650.00 0.00 0.00 0.00 0354,650.00 120 Days 05 0 0 0 05 01,036,277.0073 0.00 0.00 0.00 01,036,277.0073 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1940 0 0 0 1940 37,~~098~~953,~~709~~703.4614 0.00 0.00 0.00 37,~~098~~953,~~709~~703.4614 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.548492% 0.000000% 0.000000% 0.000000% 1.548492% 1.386502% 0.000000% 0.000000% 0.000000% 1.386502% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.548492% 0.000000% 0.000000% 0.000000% 1.548492% 1.386502% 0.000000% 0.000000% 0.000000% 1.386502% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 37 0 0 0 37 8,572,201.79 0.00 0.00 0.00 8,572,201.79 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 37 0 0 0 37 8,572,201.79 0.00 0.00 0.00 8,572,201.79 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 12.~~155528~~329317% 0.000000% 0.000000% 0.000000% 12.~~155528~~329317% 12.~~125307~~105161% 0.000000% 0.000000% 0.000000% 12.~~125307~~105161% 60 Days 0.~~000000~~321285% 0.000000% 0.000000% 0.000000% 0.~~000000~~321285% 0.~~000000~~210523% 0.000000% 0.000000% 0.000000% 0.~~000000~~210523% 90 Days 0.~~000000~~160643% 0.000000% 0.000000% 0.000000% 0.~~000000~~160643% 0.~~000000~~125139% 0.000000% 0.000000% 0.000000% 0.~~000000~~125139% 120 Days 0.~~000000~~401606% 0.000000% 0.000000% 0.000000% 0.~~000000~~401606% 0.~~000000~~365652% 0.000000% 0.000000% 0.000000% 0.~~000000~~365652% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 13.~~155528~~212851% 0.000000% 0.000000% 0.000000% 13.~~155528~~212851% 12.~~125307~~806474% 0.000000% 0.000000% 0.000000% 12.~~125307~~806474%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2745,~~817~~489.7067

Class A-2 24,621,904.70 7.94998943% 24,621,550.02 8.69203049% 9.130857% 0.000000% Class M-1 19,356,904.70 6.25001151% 19,356,550.02 6.83335220% 1.858678% 0.000000% Class M-2 14,711,904.70 4.75022093% 14,711,550.02 5.19354960% 1.639803% 0.000000% Class M-3 11,614,904.70 3.75025291% 11,614,550.02 4.10023020% 1.093319% 0.000000% Class M-4 9,291,904.70 3.00019617% 9,291,550.02 3.28015239% 0.820078% 0.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 0.546677% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed ~~ARM~~Fixed & Arm Weighted Average Gross Coupon 36.~~249981~~037540% Weighted Average Net Coupon 25.~~874980~~700855% Weighted Average Pass-Through Rate 25.~~874981~~490378% Weighted Average Maturity(Stepdown Calculation ) ~~297~~1 Beginning Scheduled Collateral Loan Count 41,~~450~~273 Number Of Loans Paid In Full 2128 Ending Scheduled Collateral Loan Count 41,~~429~~245 Beginning Scheduled Collateral Balance ~~992~~289,~~670~~727,~~356~~865.2934 Ending Scheduled Collateral Balance ~~985~~283,~~256~~265,~~962~~803.9968 Ending Actual Collateral Balance at 31-Jul-2004 ~~985~~283,~~256~~405,~~970~~517.9809 Monthly P &I Constant 21,~~688~~630,~~474~~529.2505 Special Servicing Fee 0.00 Prepayment Penalties 069,686.0042 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 283,265,803.68 Scheduled Principal 0172,826.0018 Unscheduled Principal 76,~~416~~289,~~263~~235.1348

~~Miscellaneous~~Other ~~Reporting~~Income ~~Average Loss Severity Percentage~~ 0.~~000000%~~00

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral~~General ~~Statement~~Excess ~~Group~~Available ~~Group~~Amt I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.286031 3.239432 3.249981 Weighted Average Net Rate 2.911031 2.864432 2.874980 Weighted Average Maturity 299 297 297 Beginning Loan Count 1886,~~230 3,220 4,450 Loans Paid In Full 3 18 21 Ending Loan Count 1,227 3,202 4,429 Beginning Scheduled Balance 224,720,522~~838.1668 ~~767,952,703.96~~Extra ~~992,673,226.12 Ending scheduled Balance 223,491,118.72 761,765,844.27 985,256,962.99 Record Date 07/31/2004 07/31/2004 07/31/2004~~ Principal ~~And~~Distribution ~~Interest~~Amt ~~Constant 615,365.52 2,073,108.73 2,688,474.25 Scheduled Principal~~ 0.00 ~~0.00~~Overcollateralization ~~0.00~~Amt ~~Unscheduled Principal~~ 1,~~229~~548,~~403~~550.4402 ~~6,186,859.69~~Excess ~~7,416,263.13~~Overcollateralization ~~Scheduled~~Amt ~~Interest 615,365.52 2,073,108.73 2,688,474.25 Servicing Fees 70,225.16 239,985.22 310,210.38 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 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 545,140.36 1,833,123.51 2,378,263.87 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 2.911031 2.864432 2.874981 Group I Group II Total Required Overcollateralization ~~Amount~~Deficit ~~0.00~~Amt 0.00 ~~0.00~~ Overcollateralization Increase ~~Amount~~Amt 0.00 ~~0.00 0.00~~ Overcollateralization ~~Reduction~~Release ~~Amount~~Amt 0.3300 ~~2,869.50 2,869.83~~ Specified Overcollateralization ~~Amount~~Amt 786,521.83 2,687,834.46 3,474,356.29 Overcollateralization Amount 786,521.83 2,687,834.46 3,474,356.29 Overcollateralization Deficiency Amount 0.00 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 0.00 Excess Cash Amount 252,592.15 831,481.59 1,~~084~~548,~~073~~550.7402

Filing Compare · HOMESTAR MORTGAGE ACCEP CORP ASST BACK CERTS SER 2004-1