8-K 1 sam04ar4_sep.txt SEPTEMBER 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): September 20, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-115122-12 54-6636462 Pooling and Servicing Agreement) (Commission 54-6636463 (State or other File Number) 54-6636464 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 September 20, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., Mortgage Pass-Through Certificates, Series 2004-AR4 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-AR4 Trust, relating to the September 20, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS II INC. Mortgage Pass-Through Certificates, Series 2004-AR4 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: 9/22/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR4 Trust, relating to the September 20, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 8/231/042004 Distribution Date: 89/1920/042004 SAM Series: 2004-AR4 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 86359LDH9 SEN 1.~~83000~~95000% ~~334~~331,~~713~~993,~~700~~548.0037 ~~323~~539,~~277~~489.6451 25,~~720~~796,~~151~~463.6337 II-A-1 86359LDJ5 SEN 1.~~83000~~95000% ~~252~~251,~~524~~359,~~000~~827.0097 ~~243~~408,~~896~~459.0971 1,~~164~~621,~~172~~143.0329 III-A-1 86359LDW6 SEN 3.~~26100~~26094% 63,~~906~~891,~~700~~565.0062 173,~~666~~621.4688 151,~~134~~635,994.3832 X 86359LDK2 SEN 1.~~20600~~10393% 0.00 1583,~~004,270~~781.1628 0.00 R-I 86359LDL0 SEN 2.~~97900~~97639% 500.00 0.1200 500.00 R-II 86359LDM8 SEN 2.~~97900~~97639% 500.00 0.1200 500.00 R-III 86359LDN6 SEN 2.~~97900~~97639% 500.00 04.1248 500.00 M 86359LDP1 MEX 12.~~93000~~05000% 27,398,000.00 2746,~~907~~804.9192 0.00 B-1 86359LDQ9 SUB 2.~~10000~~22000% 10,674,400.00 1119,~~830~~747.7964 0.00 B-2 86359LDR7 SUB 2.~~68000~~80000% 7,828,000.00 1118,~~072~~265.2733 0.00 B-3 86359LDS5 SUB 23.~~98000~~10000% 5,337,300.00 813,~~394~~788.3902 0.00 B-4 86359LDT3 SUB 3.~~08300~~09899% 2,490,700.00 6,~~399~~432.0222 0.00 B-5 86359LDU0 SUB 3.~~08300~~09899% 2,134,900.00 5,~~484~~513.9137 0.00 B-6 86359LDV8 SUB 3.~~08300~~09899% 4,625,782.00 11,~~884~~946.4006 0.00 Totals ~~711~~707,~~633~~734,~~632~~023.0096 1,~~828~~827,~~084~~854.4042 39,~~899~~053,~~608~~600.0498

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~331~~326,~~993~~197,~~548~~085.3700 36,~~043~~335,~~429~~952.2788 0.00 II-A-1 0.00 ~~251~~249,~~359~~738,~~827~~684.9768 12,~~408~~029,~~068~~603.1200 0.00 III-A-1 0.00 6362,~~891~~255,~~565~~571.6230 ~~188~~1,~~800~~809,616.8420 0.00 X 0.00 0.00 1583,~~004,270~~781.1628 0.00 R-I 0.00 0.00 500.1200 0.00 R-II 0.00 0.00 500.1200 0.00 R-III 0.00 0.00 504.1248 0.00 M 0.00 27,398,000.00 2746,~~907~~804.9192 0.00 B-1 0.00 10,674,400.00 1119,~~830~~747.7964 0.00 B-2 0.00 7,828,000.00 1118,~~072~~265.2733 0.00 B-3 0.00 5,337,300.00 813,~~394~~788.3902 0.00 B-4 0.00 2,490,700.00 6,~~399~~432.0222 0.00 B-5 0.00 2,134,900.00 5,~~484~~513.9137 0.00 B-6 0.00 4,625,782.00 11,~~884~~946.4006 0.00 Totals 0.00 ~~707~~698,~~734~~680,~~023~~422.9698 510,~~727~~881,~~692~~455.4440 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-1 334,713,700.00 ~~334~~331,~~713~~993,~~700~~548.0037 0.00 25,~~720~~796,~~151~~463.6337 0.00 0.00 II-A-1 252,524,000.00 ~~252~~251,~~524~~359,~~000~~827.0097 0.00 1,~~164~~621,~~172~~143.0329 0.00 0.00 III-A-1 63,906,700.00 63,~~906~~891,~~700~~565.0062 0.00 151,~~134~~635,994.3832 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 500.00 0.00 500.00 0.00 0.00 R-II 50.00 500.00 0.00 500.00 0.00 0.00 R-III 50.00 500.00 0.00 500.00 0.00 0.00 M 27,398,000.00 27,398,000.00 0.00 0.00 0.00 0.00 B-1 10,674,400.00 10,674,400.00 0.00 0.00 0.00 0.00 B-2 7,828,000.00 7,828,000.00 0.00 0.00 0.00 0.00 B-3 5,337,300.00 5,337,300.00 0.00 0.00 0.00 0.00 B-4 2,490,700.00 2,490,700.00 0.00 0.00 0.00 0.00 B-5 2,134,900.00 2,134,900.00 0.00 0.00 0.00 0.00 B-6 4,625,782.00 4,625,782.00 0.00 0.00 0.00 0.00 Totals 711,633,632.00 ~~711~~707,~~633~~734,~~632~~023.0096 0.00 39,~~899~~053,~~608~~600.0498 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 25,~~720~~796,~~151~~463.6337 ~~331~~326,~~993~~197,~~548~~085.3700 0.~~99187320~~97455552 25,~~720~~796,~~151~~463.6337 II-A-1 1,~~164~~621,~~172~~143.0329 ~~251~~249,~~359~~738,~~827~~684.9768 0.~~99538986~~98897010 1,~~164~~621,~~172~~143.0329 III-A-1 151,~~134~~635,994.3832 6362,~~891~~255,~~565~~571.6230 0.~~99976318~~97416345 151,~~134~~635,994.3832 X 0.00 0.00 0.00000000 0.00 R-I 500.00 0.00 0.00000000 500.00 R-II 500.00 0.00 0.00000000 500.00 R-III 500.00 0.00 0.00000000 500.00 M 0.00 27,398,000.00 1.00000000 0.00 B-1 0.00 10,674,400.00 1.00000000 0.00 B-2 0.00 7,828,000.00 1.00000000 0.00 B-3 0.00 5,337,300.00 1.00000000 0.00 B-4 0.00 2,490,700.00 1.00000000 0.00 B-5 0.00 2,134,900.00 1.00000000 0.00 B-6 0.00 4,625,782.00 1.00000000 0.00 Totals 39,~~899~~053,~~608~~600.0498 ~~707~~698,~~734~~680,~~023~~422.9698 0.~~99452020~~98179792 39,~~899~~053,~~608~~600.0498

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 334,713,700.00 ~~1000~~991.~~00000000~~87319901 0.00000000 817.~~12680099~~31767588 0.00000000 II-A-1 252,524,000.00 ~~1000~~995.~~00000000~~38985589 0.00000000 46.~~61014411~~41975927 0.00000000 III-A-1 63,906,700.00 ~~1000~~999.~~00000000~~76318007 0.00000000 025.~~23681993~~59973086 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 R-II 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 R-III 50.00 ~~1000~~0.00000000 0.00000000 ~~1000~~0.00000000 0.00000000 M 27,398,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 10,674,400.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 7,828,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 5,337,300.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,490,700.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,134,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 4,625,782.00 1000.00000000 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 I-A-1 0.00000000 817.~~12680099~~31767588 ~~991~~974.~~87319901~~55552312 0.~~99187320~~97455552 817.~~12680099~~31767588 II-A-1 0.00000000 46.~~61014411~~41975927 ~~995~~988.~~38985589~~97009662 0.~~99538986~~98897010 46.~~61014411~~41975927 III-A-1 0.00000000 025.~~23681993~~59973086 ~~999~~974.~~76318007~~16344922 0.~~99976318~~97416345 025.~~23681993~~59973086 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-II 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 R-III 0.00000000 ~~1,000~~0.00000000 0.00000000 0.00000000 ~~1,000~~0.00000000 M 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1,000.00000000 1.00000000 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-1 334,713,700.00 1.~~83000~~95000% ~~334~~331,~~713~~993,~~700~~548.0037 ~~323~~539,~~277~~489.6552 0.00 0.00 II-A-1 252,524,000.00 1.~~83000~~95000% ~~252~~251,~~524~~359,~~000~~827.0097 ~~243~~408,~~896~~459.1072 0.00 0.00 III-A-1 63,906,700.00 3.~~26100~~26094% 63,~~906~~891,~~700~~565.0062 173,~~666~~621.4688 0.00 0.00 X 0.00 1.~~20600~~10393% ~~638~~634,~~475~~591,~~400~~076.0034 ~~641~~583,~~667~~785.7877 0.00 0.00 R-I 50.00 2.~~97900~~97639% 500.00 0.1200 0.00 0.00 R-II 50.00 2.~~97900~~97639% 500.00 0.1200 0.00 0.00 R-III 50.00 2.~~97900~~97639% 500.00 0.1200 0.00 0.00 M 27,398,000.00 12.~~93000~~05000% 27,398,000.00 2746,~~907~~804.9192 0.00 0.00 B-1 10,674,400.00 2.~~10000~~22000% 10,674,400.00 1119,~~830~~747.7964 0.00 0.00 B-2 7,828,000.00 2.~~68000~~80000% 7,828,000.00 1118,~~072~~265.2733 0.00 0.00 B-3 5,337,300.00 23.~~98000~~10000% 5,337,300.00 813,~~394~~788.3903 0.00 0.00 B-4 2,490,700.00 3.~~08300~~09899% 2,490,700.00 6,~~399~~432.0222 0.00 0.00 B-5 2,134,900.00 3.~~08300~~09899% 2,134,900.00 5,~~484~~513.9137 0.00 0.00 B-6 4,625,782.00 3.~~08300~~09899% 4,625,782.00 11,~~884~~946.4006 0.00 0.00 Totals 711,633,632.00 1,~~465~~827,~~482~~854.0446 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 0.0001 0.00 ~~323~~539,~~277~~489.6451 0.00 ~~331~~326,~~993~~197,~~548~~085.3700 II-A-1 0.0001 0.00 ~~243~~408,~~896~~459.0971 0.00 ~~251~~249,~~359~~738,~~827~~684.9768 III-A-1 0.00 0.00 173,~~666~~621.4688 0.00 6362,~~891~~255,~~565~~571.6230 X 0.01 0.00 1583,~~004,270~~781.1628 0.00 ~~634~~627,~~591~~173,~~076~~469.3468 R-I 0.00 0.00 0.1200 0.00 0.00 R-II 0.00 0.00 0.1200 0.00 0.00 R-III 0.00 0.00 04.1248 0.00 0.00 M 0.00 0.00 2746,~~907~~804.9192 0.00 27,398,000.00 B-1 0.00 0.00 1119,~~830~~747.7964 0.00 10,674,400.00 B-2 0.00 0.00 1118,~~072~~265.2733 0.00 7,828,000.00 B-3 0.00 0.00 813,~~394~~788.3902 0.00 5,337,300.00 B-4 0.00 0.00 6,~~399~~432.0222 0.00 2,490,700.00 B-5 0.00 0.00 5,~~484~~513.9137 0.00 2,134,900.00 B-6 0.00 0.00 11,~~884~~946.4006 0.00 4,625,782.00 Totals 0.0103 0.00 1,~~828~~827,~~084~~854.4042 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-1 334,713,700.00 1.~~83000~~95000% ~~1000~~991.~~00000000~~87319901 01.~~96583334~~61179396 0.00000000 0.00000000 II-A-1 252,524,000.00 1.~~83000~~95000% ~~1000~~995.~~00000000~~38985589 01.~~96583335~~61750851 0.00000000 0.00000000 III-A-1 63,906,700.00 3.~~26100~~26094% ~~1000~~999.~~00000000~~76318007 2.~~71750004~~71680246 0.00000000 0.00000000 X 0.00 1.~~20600~~10393% ~~1000~~993.~~00000000~~91625165 10.~~00500000~~91434340 0.00000000 0.00000000 R-I 50.00 2.~~97900~~97639% ~~1000~~0.00000000 20.~~40000000~~00000000 0.00000000 0.00000000 R-II 50.00 2.~~97900~~97639% ~~1000~~0.00000000 20.~~40000000~~00000000 0.00000000 0.00000000 R-III 50.00 2.~~97900~~97639% ~~1000~~0.00000000 20.~~40000000~~00000000 0.00000000 0.00000000 M 27,398,000.00 12.~~93000~~05000% 1000.00000000 1.~~01861121~~70833345 0.00000000 0.00000000 B-1 10,674,400.00 2.~~10000~~22000% 1000.00000000 1.~~10833302~~85000000 0.00000000 0.00000000 B-2 7,828,000.00 2.~~68000~~80000% 1000.00000000 12.~~41444430~~33333291 0.00000000 0.00000000 B-3 5,337,300.00 23.~~98000~~10000% 1000.00000000 12.~~57277837~~58333427 0.00000000 0.00000000 B-4 2,490,700.00 3.~~08300~~09899% 1000.00000000 2.~~56916529~~58249488 0.00000000 0.00000000 B-5 2,134,900.00 3.~~08300~~09899% 1000.00000000 2.~~56916483~~58249567 0.00000000 0.00000000 B-6 4,625,782.00 3.~~08300~~09899% 1000.00000000 2.~~56916560~~58249524 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 I-A-1 0.~~00000000~~00000003 0.00000000 01.~~96583331~~61179393 0.00000000 ~~991~~974.~~87319901~~55552312 II-A-1 0.~~00000000~~00000004 0.00000000 01.~~96583331~~61750847 0.00000000 ~~995~~988.~~38985589~~97009662 III-A-1 0.00000000 0.00000000 2.~~71750004~~71680246 0.00000000 ~~999~~974.~~76318007~~16344922 X 0.00000002 0.00000000 10.~~57291911~~91433637 0.00000000 ~~993~~982.~~91625165~~29856574 R-I 0.00000000 0.00000000 20.~~40000000~~00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 20.~~40000000~~00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 289.~~40000000~~60000000 0.00000000 0.00000000 M 0.00000000 0.00000000 1.~~01861121~~70833345 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1.~~10833302~~85000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 12.~~41444430~~33333291 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 12.~~57277837~~58333240 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~56916529~~58249488 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~56916483~~58249567 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~56916560~~58249524 0.00000000 1000.00000000 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1X 1.~~20600~~04933% ~~334,713,700.00~~ 331,993,548.37 326,197,085.00 0.00 0.00 9997.~~18731990~~45555231% 2X 1.~~20600~~24011% ~~252,524,000.00~~ 251,359,827.97 249,738,684.68 0.00 0.00 9998.~~53898559~~89700966% 3X 10.~~20600~~78962% 51,237,700.00 51,237,700.00 0.00 0.00 100.00000000%

CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 511,~~927~~082,~~794~~728.4433 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 932,~~195~~835.7754 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 511,~~936~~115,~~990~~563.2187 Withdrawals Reimbursement for Servicer Advances 09,195.0077 Payment of Service Fee ~~209~~224,~~297~~912.7770 Payment of Interest and Principal 510,~~727~~881,~~692~~455.4440 Total Withdrawals (Pool Distribution Amount) 511,~~936~~115,~~990~~563.2187 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~143~~144,~~520~~715.3761 Additional Servicing Fee 6276,~~518~~834.1149 Master Servicing Fee 1,~~371~~474.0544 Miscellaneous Fee 1,888.2416 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~209~~224,~~297~~912.7770

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Carryover Shortfall Reserve Fund 5,000.00 04.0048 04.0048 5,000.00

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1130 0 0 0 1130 311,~~633~~697,~~530~~034.0880 0.00 0.00 0.00 311,~~633~~697,~~530~~034.0880 60 Days 1 0 0 0 1 122,500.00 0.00 0.00 0.00 122,500.00 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 1231 0 0 0 1231 311,~~756~~819,~~030~~534.0880 0.00 0.00 0.00 311,~~756~~819,~~030~~534.0880 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 01.~~502283~~241208% 0.000000% 0.000000% 0.000000% 01.~~502283~~241208% 01.~~555409~~674139% 0.000000% 0.000000% 0.000000% 01.~~555409~~674139% 60 Days 0.~~045662~~041374% 0.000000% 0.000000% 0.000000% 0.~~045662~~041374% 0.~~018725~~017533% 0.000000% 0.000000% 0.000000% 0.~~018725~~017533% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~547945~~282582% 0.000000% 0.000000% 0.000000% 01.~~547945~~282582% 01.~~574134~~691672% 0.000000% 0.000000% 0.000000% 01.~~574134~~691672%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 411 0 0 0 411 28,~~541~~759,~~207~~045.1635 0.00 0.00 0.00 28,~~541~~759,~~207~~045.1635 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 411 0 0 0 411 28,~~541~~759,~~207~~045.1635 0.00 0.00 0.00 28,~~541~~759,~~207~~045.1635 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~681431~~791531% 0.000000% 0.000000% 0.000000% 01.~~681431~~791531% 02.~~735849~~451464% 0.000000% 0.000000% 0.000000% 02.~~735849~~451464% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~681431~~791531% 0.000000% 0.000000% 0.000000% 0.681431% 0.735849% 0.000000% 0.000000% 0.000000% 0.735849% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 7 0 0 0 7 1~~,092,322~~.92 0.00 0.00 0.00 1,092,322.92 60 Days 1 0 0 0 1 122,500.00 0.00 0.00 0.00 122,500.00 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 8 0 0 0 8 1,214,822.92 0.00 0.00 0.00 1,214,822.92 0-29 Days 0.000000791531% 02.~~000000~~451464% 0.000000% 0.000000% 0.000000% 02.~~000000~~451464% 0.000000% 0.000000% 30 Days 0.513950% 0.000000% 0.000000% 0.000000% 0.513950% 0.447239% 0.000000% 0.000000% 0.000000% 0.447239% 60 Days 0.073421% 0.000000% 0.000000% 0.000000% 0.073421% 0.050156% 0.000000% 0.000000% 0.000000% 0.050156% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.587372% 0.000000% 0.000000% 0.000000% 0.587372% 0.497396% 0.000000% 0.000000% 0.000000% 0.497396% DELINQUENT BANKRUPTCY FORECLOSURE REO Total III No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%

~~OTHER~~DELINQUENT ~~INFORMATION~~BANKRUPTCY ~~Current~~FORECLOSURE ~~Period~~REO ~~Class~~Total AII ~~Insufficient~~No ~~Funds~~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 ~~Principal~~0.00 ~~Balance~~0.00 of0.00 ~~Contaminated~~30 ~~Properties~~Days 17 0 0 0 17 2,666,239.45 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 92,~~195~~666,239.7745 60 Days 1 0 0 0 1 122,500.00 0.00 0.00 0.00 122,500.00 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 18 0 0 0 18 2,788,739.45 0.00 0.00 0.00 2,788,739.45 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.107492% 0.000000% 0.000000% 0.000000% 1.107492% 0.975934% 0.000000% 0.000000% 0.000000% 0.975934% 60 Days 0.065147% 0.000000% 0.000000% 0.000000% 0.065147% 0.044839% 0.000000% 0.000000% 0.000000% 0.044839% 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 1.172638% 0.000000% 0.000000% 0.000000% 1.172638% 1.020773% 0.000000% 0.000000% 0.000000% 1.020773%

~~COLLATERAL~~DELINQUENT ~~STATEMENT~~BANKRUPTCY ~~Collateral~~FORECLOSURE ~~Description~~REO ~~Mixed~~Total ~~ARM~~III ~~Weighted~~No ~~Average~~of ~~Gross~~Loans ~~Coupon~~No ~~3.435558%~~of ~~Weighted~~Loans ~~Average~~No ~~Net~~of ~~Coupon~~Loans ~~3.190359%~~No ~~Weighted~~of ~~Average~~Loans ~~Pass-Through~~No ~~Rate~~of ~~3.082625%~~Loans ~~Weighted~~Principal ~~Average~~Balance ~~Maturity(Stepdown~~Principal ~~Calculation~~Balance )Principal ~~334~~Balance ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~Principal ~~Loan~~Balance ~~Count~~0-29 ~~2,198~~Days ~~Number~~0 Of0 ~~Loans~~0 ~~Paid~~0 In0.00 ~~Full~~0.00 80.00 ~~Ending~~0.00 ~~Scheduled~~30 ~~Collateral~~Days ~~Loan~~2 ~~Count~~0 0 0 2 271,~~190~~750.00 ~~Beginning~~0.00 ~~Scheduled~~0.00 ~~Collateral~~0.00 ~~Balance 711~~271,~~633,632~~750.00 ~~Ending~~60 ~~Scheduled~~Days ~~Collateral~~0 ~~Balance~~0 ~~654,197,261~~0 0 0 0.6000 ~~Ending~~0.00 ~~Actual~~0.00 ~~Collateral~~0.00 ~~Balance~~0.00 at90 ~~02-Aug-2004~~Days ~~654,208,415~~0 0 0 0 0 0.3000 ~~Monthly~~0.00 P0.00 &I0.00 ~~Constant~~0.00 ~~2,037,382~~120 Days 0 0 0 0 0 0.1800 ~~Special~~0.00 ~~Servicing~~0.00 ~~Fee~~0.00 0.00 ~~Prepayment~~150 ~~Penalties~~Days 0 0 0 0 0 0.00 ~~Realized~~0.00 ~~Loss~~0.00 ~~Amount~~0.00 0.00 ~~Cumulative~~180 ~~Realized~~Days ~~Loss~~0 0 0 0 0 0.00 ~~Ending~~0.00 ~~Scheduled~~0.00 ~~Balance~~0.00 ~~for~~0.00 ~~Premium~~Totals ~~Loans~~2 ~~654~~0 0 0 2 271,~~197~~750.00 0.00 0.00 0.00 271,~~261~~750.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.398506% 0.000000% 0.000000% 0.000000% 0.398506% 60 ~~Scheduled~~Days ~~Principal~~0.000000% 0.00000000% ~~Unscheduled~~0.000000% ~~Principal~~0.000000% ~~3,899,608~~0.04000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.398506% 0.000000% 0.000000% 0.000000% 0.398506%

~~Group~~OTHER ~~Level~~INFORMATION ~~Collateral~~Current ~~Statement~~Period ~~Group~~Class IA IIInsufficient ~~III~~Funds Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.509196 3.958082 3.900752 Weighted Average Net Rate 3.230477 3.723026 3.823501 Weighted Average Maturity 338 327 331 Beginning Loan Count 590 1,367 241 Loans Paid In Full 3 5 0 ~~Ending Loan Count 587 1,362 241 Beginning Scheduled Balance 365,807,568~~.31 275,982,621.87 69,843,442.46 Ending scheduled Balance 345,333,989.68 244,235,138.84 64,628,133.08 Record Date 08/02/2004 08/02/2004 08/02/2004 Principal And Interest Constant 1,017,825.52 809,425.54 210,131.12 Scheduled Principal 0.00 ~~0.00 0.00 Unscheduled~~ Principal ~~2,720,301.63~~Balance ~~1,164,172.03~~of ~~15,134.38~~Contaminated ~~Scheduled~~Properties ~~Interest 1,017,825.52 809,425.54 210,131.12 Servicing Fees 84,964.55 54,059.62 4,496.20 Master Servicing Fees 725.12 511.26 134.67 Trustee Fee~~ 0.00 ~~0.00~~Periodic ~~0.00~~Advance ~~FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 24~~32,~~169~~835.46 24,532.07 15,704.82 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 907,966.39 730,322.59 189,795.43 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 3.130430 3.571270 3.52325254

~~Group~~COLLATERAL ~~Level~~STATEMENT Collateral ~~Statement Group Total Collateral~~ Description Mixed ARM Weighted Average Gross Coupon ~~Rate~~ 3.~~435558~~480574% Weighted Average Net Coupon 3.215121% Weighted Average Pass-Through Rate 3.~~190359~~099223% Weighted Average Maturity(Stepdown ~~334~~Calculation ) 333 Beginning Scheduled Collateral Loan Count 2,~~198~~190 Number Of Loans Paid In Full 8(227) Ending Scheduled Collateral Loan Count 2,~~190~~417 Beginning Scheduled ~~Balance~~Collateral ~~711,633,632.64 Ending scheduled~~ Balance 654,197,261.60 ~~Record~~Ending ~~Date~~Scheduled ~~08/02/2004~~Collateral ~~Principal~~Balance ~~And Interest Constant 2~~698,~~037~~680,~~382~~423.1836 ~~Scheduled~~Ending ~~Principal~~Actual ~~0.00~~Collateral ~~Unscheduled~~Balance ~~Principal~~at ~~3,899,608.04~~31-Aug-2004 ~~Scheduled Interest 2~~698,~~037~~689,~~382~~613.1819 ~~Servicing~~Monthly ~~Fees~~P ~~143,520.37~~&I ~~Master~~Constant ~~Servicing Fees 1~~2,~~371~~052,767.0514 ~~Trustee Fee 0.00 FRY Amount 0.00~~ Special ~~Hazard~~Servicing Fee 0.00 ~~Other~~Prepayment ~~Fee~~Penalties ~~64,406.35 Pool Insurance Fee~~ 0.00 ~~Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,828,084.41~~ Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 ~~Percentage~~Ending ofScheduled ~~Cumulative~~Balance ~~Losses~~for ~~0.0000~~Premium ~~Prepayment~~Loans ~~Penalties 0~~698,680,423.0036 ~~Special~~Scheduled ~~Servicing~~Principal ~~Fee~~ 0.00 ~~Pass-Through~~Unscheduled ~~Rate~~Principal 39,053,600.~~082625~~98

~~Miscellaneous~~Group ~~Reporting~~Level Collateral Statement Group I II III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average ~~Loss~~Coupon ~~Severity~~Rate 03.~~000000%~~378045 ~~Interest~~3.575923 ~~Coverage~~3.638435 Weighted Average Net Rate 3.082809 3.305490 3.550945 Weighted Average Maturity 337 326 330 Beginning Loan Count 587 1,362 241 Loans Paid In Full (27) (173) (27) Ending Loan Count 614 1,535 268 Beginning Scheduled Balance 0345,333,989.0068 244,235,138.84 64,628,133.08 Ending scheduled Balance 357,290,803.69 273,197,306.39 68,192,313.28 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest ~~Coverage~~Constant ~~Withdrawl~~1,022,104.27 44818,~~805~~941.0039 ~~PreFunding~~211,721.48 ~~Ending~~Scheduled ~~Balance~~Principal ~~305~~0.00 ~~PreFunding~~0.00 ~~Withdrawl~~ 0.00 ~~Subsequent~~Unscheduled ~~Mortgage~~Principal ~~Loan~~5,796,463.37 ~~Purchase~~1,621,143.29 171,~~752~~635,~~972~~994.0032 ~~Senior~~Scheduled ~~Pencentage~~Interest 911,022,104.~~500000%~~27 ~~Senior~~818,941.39 ~~Prepay~~211,721.48 ~~Percentage~~Servicing ~~100~~Fees 84,962.~~000000%~~60 ~~Subordinate~~55,041.06 ~~Percentage 8~~4,711.~~500000%~~95 ~~Subordinate~~Master ~~Prepay~~Servicing ~~Percentage~~Fees 0756.~~000000%~~42 ~~Group~~572.55 II145.47 ~~Average~~Trustee ~~Loss~~Fee ~~Severity~~0.00 0.~~000000%~~00 ~~Interest~~0.00 ~~Coverage~~FRY ~~End~~Amount ~~Balance~~0.00 0.00 ~~Interest~~0.00 ~~Coverage~~Special ~~Withdrawl~~Hazard ~~87,545~~Fee 0.00 ~~PreFunding~~0.00 ~~Ending~~0.00 ~~Balance~~Other 3Fee 28,~~053~~869.0822 ~~PreFunding~~32,744.04 ~~Withdrawl~~17,109.39 Pool Insurance Fee 0.00 ~~Subsequent~~0.00 ~~Mortgage~~0.00 ~~Loan~~Spread ~~Purchase~~Fee ~~30,580,257~~1 0.9200 ~~Senior~~0.00 ~~Pencentage 91~~0.~~500000%~~00 ~~Senior~~Spread ~~Prepay~~Fee ~~Percentage~~2 ~~100~~0.~~000000%~~00 ~~Subordinate~~0.00 ~~Percentage 8~~0.~~500000%~~00 ~~Subordinate~~Spread ~~Prepay~~Fee ~~Percentage~~3 0.~~000000%~~00 ~~Group~~0.00 ~~III~~0.00 ~~Average~~Net ~~Loss~~Interest ~~Severity~~907,516.03 0730,583.~~000000%~~74 ~~Interest~~189,754.67 ~~Coverage~~Realized ~~End~~Loss ~~Balance~~Amount 0.00 ~~Interest~~0.00 ~~Coverage Withdrawl 14,698~~0.00 ~~PreFunding~~Cumulative ~~Ending~~Realized ~~Balance~~Loss ~~140~~0.9400 ~~PreFunding~~0.00 ~~Withdrawl~~ 0.00 ~~Subsequent~~Percentage ~~Mortgage~~of ~~Loan~~Cumulative ~~Purchase~~Losses ~~5,200,034~~0.060000 ~~Senior~~0.0000 ~~Pencentage 91~~0.~~500000%~~0000 ~~Senior~~Prepayment ~~Prepay~~Penalties ~~Percentage~~0.00 ~~100~~0.~~000000%~~00 ~~Subordinate~~0.00 ~~Percentage~~Special ~~8.500000%~~Servicing ~~Subordinate~~Fee ~~Prepay~~0.00 ~~Percentage~~0.00 0.~~000000%~~00 Pass-Through Rate 2.999332 3.190108 3.260935

Filing Compare · Structured Asset Mortgage Investments II Trust 2004-AR4