8-K 1 ace04in1_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 27, 2004 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110039-08 54-2152473 Pooling and Servicing Agreement) (Commission 54-2152474 (State or other File Number) IRS EIN jurisdiction 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 27, 2004 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2004-IN1 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-IN1 Trust, relating to the September 27, 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 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: 9/28/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the September 27, 2004 distribution. EX-99.1

ACE Securities Corporation Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 78/31/042004 Distribution Date: 89/2527/042004 ACE Series: 2004-IN1 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-1 004421FD0 SEN 1.~~77000~~93500% ~~202~~195,~~068~~388,~~860~~171.3398 ~~298~~346,~~051~~569.5777 67,~~680~~672,~~688~~857.3586 A-2A 004421FE8 SEN 1.~~60000~~76500% 2523,~~670~~999,~~200~~454.2082 3438,~~226~~829.9312 1,~~670~~772,~~745~~191.3848 A-2B 004421FF5 SEN 12.~~90000~~06500% 19,326,000.00 3036,~~599~~582.5051 0.00 M-1 004421FG3 MEZ 2.~~10000~~26500% 18,660,000.00 3238,~~655~~742.0082 0.00 M-2 004421FH1 MEZ 2.~~70000~~86500% 13,792,000.00 3136,~~032~~221.0024 0.00 M-3 004421FJ7 MEZ 23.~~95000~~11500% 4,056,000.00 911,~~971~~581.0057 0.00 M-4 004421FK4 MEZ 3.~~55000~~71500% 4,056,000.00 1113,~~999~~812.0037 0.00 M-5 004421FL2 MEZ 34.~~95000~~11500% 2,434,000.00 89,~~011~~181.9225 0.00 M-6 004421FM0 MEZ 45.~~95000~~11500% 2,434,000.00 1011,~~040~~412.2542 0.00 B 004421FN8 SUB 45.~~95000~~11500% 5,679,000.00 2326,~~425~~627.8841 0.00 CE 111290490 JUN 0.00000% 7,139,368.04 1,~~274~~139,~~549~~611.2870 0.00 P 111290482 SEN 0.00000% 100.00 137,~~518~~783.6890 0.00 R 111290508 SEN 0.00000% 0.00 0.00 0.00 Totals ~~305~~296,~~315~~964,~~528~~094.5784 1,~~902~~846,~~081~~956.0108 89,~~351~~445,~~433~~049.7334

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~195~~187,~~388~~715,~~171~~314.9811 68,~~978~~019,~~739~~427.9263 0.00 A-2A 0.00 2322,~~999~~227,~~454~~263.8235 1,~~704~~811,~~972~~020.3160 0.00 A-2B 0.00 19,326,000.00 3036,~~599~~582.5051 0.00 M-1 0.00 18,660,000.00 3238,~~655~~742.0082 0.00 M-2 0.00 13,792,000.00 3136,~~032~~221.0024 0.00 M-3 0.00 4,056,000.00 911,~~971~~581.0057 0.00 M-4 0.00 4,056,000.00 1113,~~999~~812.0037 0.00 M-5 0.00 2,434,000.00 89,~~011~~181.9225 0.00 M-6 0.00 2,434,000.00 1011,~~040~~412.2542 0.00 B 0.00 5,679,000.00 2326,~~425~~627.8841 0.00 CE 0.00 7,139,368.04 1,~~274~~139,~~549~~611.2870 0.00 P 0.00 100.00 137,~~518~~783.6890 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~296~~287,~~964~~519,~~094~~045.8450 1011,~~253~~292,~~514~~005.7442 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-1 214,890,000.00 ~~202~~195,~~068~~388,~~860~~171.3398 0.00 67,~~680~~672,~~688~~857.3586 0.00 0.00 A-2A 32,050,000.00 2523,~~670~~999,~~200~~454.2082 0.00 1,~~670~~772,~~745~~191.3848 0.00 0.00 A-2B 19,326,000.00 19,326,000.00 0.00 0.00 0.00 0.00 M-1 18,660,000.00 18,660,000.00 0.00 0.00 0.00 0.00 M-2 13,792,000.00 13,792,000.00 0.00 0.00 0.00 0.00 M-3 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-4 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-5 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 M-6 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 B 5,679,000.00 5,679,000.00 0.00 0.00 0.00 0.00 CE 7,139,629.00 7,139,368.04 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 324,516,729.00 ~~305~~296,~~315~~964,~~528~~094.5784 0.00 89,~~351~~445,~~433~~049.7334 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-1 67,~~680~~672,~~688~~857.3586 ~~195~~187,~~388~~715,~~171~~314.9811 0.~~90924739~~87354141 67,~~680~~672,~~688~~857.3586 A-2A 1,~~670~~772,~~745~~191.3848 2322,~~999~~227,~~454~~263.8235 0.~~74881294~~69351836 1,~~670~~772,~~745~~191.3848 A-2B 0.00 19,326,000.00 1.00000000 0.00 M-1 0.00 18,660,000.00 1.00000000 0.00 M-2 0.00 13,792,000.00 1.00000000 0.00 M-3 0.00 4,056,000.00 1.00000000 0.00 M-4 0.00 4,056,000.00 1.00000000 0.00 M-5 0.00 2,434,000.00 1.00000000 0.00 M-6 0.00 2,434,000.00 1.00000000 0.00 B 0.00 5,679,000.00 1.00000000 0.00 CE 0.00 7,139,368.04 0.99996345 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 89,~~351~~445,~~433~~049.7334 ~~296~~287,~~964~~519,~~094~~045.8450 0.~~91509641~~88599144 89,~~351~~445,~~433~~049.7334

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 214,890,000.00 ~~940~~909.~~33626660~~24739160 0.00000000 3135.~~08887501~~70597915 0.00000000 A-2A 32,050,000.00 ~~800~~748.~~94228393~~81294290 0.00000000 5255.~~12934103~~29458596 0.00000000 A-2B 19,326,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 18,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,792,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,139,629.00 999.96344908 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 A-1 0.00000000 3135.~~08887501~~70597915 ~~909~~873.~~24739160~~54141240 0.~~90924739~~87354141 3135.~~08887501~~70597915 A-2A 0.00000000 5255.~~12934103~~29458596 ~~748~~693.~~81294290~~51835725 0.~~74881294~~69351836 5255.~~12934103~~29458596 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.96344908 0.99996345 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-1 214,890,000.00 1.~~77000~~93500% ~~202~~195,~~068~~388,~~860~~171.3398 ~~298~~346,~~051~~569.5777 0.00 0.00 A-2A 32,050,000.00 1.~~60000~~76500% 2523,~~670~~999,~~200~~454.2082 3438,~~226~~829.9312 0.00 0.00 A-2B 19,326,000.00 12.~~90000~~06500% 19,326,000.00 3036,~~599~~582.5051 0.00 0.00 M-1 18,660,000.00 2.~~10000~~26500% 18,660,000.00 3238,~~655~~742.0082 0.00 0.00 M-2 13,792,000.00 2.~~70000~~86500% 13,792,000.00 3136,~~032~~221.0024 0.00 0.00 M-3 4,056,000.00 23.~~95000~~11500% 4,056,000.00 911,~~971~~581.0057 0.00 0.00 M-4 4,056,000.00 3.~~55000~~71500% 4,056,000.00 1113,~~999~~812.0037 0.00 0.00 M-5 2,434,000.00 34.~~95000~~11500% 2,434,000.00 89,~~011~~181.9225 0.00 0.00 M-6 2,434,000.00 45.~~95000~~11500% 2,434,000.00 1011,~~040~~412.2542 0.00 0.00 B 5,679,000.00 45.~~95000~~11500% 5,679,000.00 2326,~~425~~627.8841 0.00 0.00 CE 7,139,629.00 0.00000% 7,139,368.04 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 324,516,729.00 ~~490~~569,~~013~~560.0548 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-1 0.00 0.00 ~~298~~346,~~051~~569.5777 0.00 ~~195~~187,~~388~~715,~~171~~314.9811 A-2A 0.00 0.00 3438,~~226~~829.9312 0.00 2322,~~999~~227,~~454~~263.8235 A-2B 0.00 0.00 3036,~~599~~582.5051 0.00 19,326,000.00 M-1 0.00 0.00 3238,~~655~~742.0082 0.00 18,660,000.00 M-2 0.00 0.00 3136,~~032~~221.0024 0.00 13,792,000.00 M-3 0.00 0.00 911,~~971~~581.0057 0.00 4,056,000.00 M-4 0.00 0.00 1113,~~999~~812.0037 0.00 4,056,000.00 M-5 0.00 0.00 89,~~011~~181.9225 0.00 2,434,000.00 M-6 0.00 0.00 1011,~~040~~412.2542 0.00 2,434,000.00 B 0.00 0.00 2326,~~425~~627.8841 0.00 5,679,000.00 CE 0.00 0.00 1,~~274~~139,~~549~~611.2870 0.00 7,139,368.04 P 0.00 0.00 137,~~518~~783.6890 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~902~~846,~~081~~956.0108 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-1 214,890,000.00 1.~~77000~~93500% ~~940~~909.~~33626660~~24739160 1.~~38699600~~61277756 0.00000000 0.00000000 A-2A 32,050,000.00 1.~~60000~~76500% ~~800~~748.~~94228393~~81294290 1.~~06792293~~21151700 0.00000000 0.00000000 A-2B 19,326,000.00 12.~~90000~~06500% 1000.00000000 1.~~58333333~~89291680 0.00000000 0.00000000 M-1 18,660,000.00 2.~~10000~~26500% 1000.00000000 12.~~75000000~~07624973 0.00000000 0.00000000 M-2 13,792,000.00 2.~~70000~~86500% 1000.00000000 2.~~25000000~~62625000 0.00000000 0.00000000 M-3 4,056,000.00 23.~~95000~~11500% 1000.00000000 2.~~45833333~~85541667 0.00000000 0.00000000 M-4 4,056,000.00 3.~~55000~~71500% 1000.00000000 23.~~95833333~~40541667 0.00000000 0.00000000 M-5 2,434,000.00 34.~~95000~~11500% 1000.00000000 3.~~29166804~~77208299 0.00000000 0.00000000 M-6 2,434,000.00 45.~~95000~~11500% 1000.00000000 4.~~12500000~~68875103 0.00000000 0.00000000 B 5,679,000.00 45.~~95000~~11500% 1000.00000000 4.~~12500088~~68874978 0.00000000 0.00000000 CE 7,139,629.00 0.00000% 999.96344908 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) 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 A-1 0.00000000 0.00000000 1.~~38699600~~61277756 0.00000000 ~~909~~873.~~24739160~~54141240 A-2A 0.00000000 0.00000000 1.~~06792293~~21151700 0.00000000 ~~748~~693.~~81294290~~51835725 A-2B 0.00000000 0.00000000 1.~~58333333~~89291680 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 12.~~75000000~~07624973 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~25000000~~62625000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~45833333~~85541667 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 23.~~95833333~~40541667 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~29166804~~77208299 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.~~12500000~~68875103 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~12500088~~68874978 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~178~~159.~~51757843~~61777566 0.00000000 999.96344908 P 0.00000000 0.00000000 ~~1375186~~1377839.~~80000000~~00000000 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 1011,~~223~~285,~~754~~544.9238 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5663,~~104~~789.7351 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0(5,373.0076) Prepayment Penalties 137,~~518~~783.6890 Total Deposits 1011,~~417~~481,~~378~~744.3303 Withdrawals Reimbursement for Servicer Advances 2656,~~471~~104.6173 Payment of Service Fee ~~137~~133,~~391~~633.9888 Payment of Interest and Principal 1011,~~253~~292,~~514~~005.7442 Total Withdrawals (Pool Distribution Amount) 1011,~~417~~481,~~378~~744.3303 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~127~~123,~~214~~735.8101 Credit Risk Manager Fee: The Murrayhill Company 3,~~816~~712.4111 Master Servicing Fee: Wells Fargo 6,~~360~~186.76 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~137~~133,~~391~~633.9888

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.6480 0.6480 1,000.00

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 2 0 0 2 169,~~867~~717.7314 0.00 0.00 169,~~867~~717.7314 30 Days 3530 0 0 0 3530 54,~~587~~716,~~945~~634.5711 0.00 0.00 0.00 54,~~587~~716,~~945~~634.5711 60 Days 1219 0 0 0 1219 23,~~082~~141,~~397~~678.2170 0.00 0.00 0.00 23,~~082~~141,~~397~~678.2170 90 Days 8 0 0 2 0 28 1,195,580.66 0.00 0.00 ~~173,074.53~~ 0.00 ~~173~~1,~~074~~195,580.5366 120 Days 0 0 02 0 02 0.00 0.00 0173,074.0053 0.00 0173,074.0053 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 4757 2 2 0 5161 79,~~670~~053,~~342~~893.7847 169,~~867~~717.7314 173,074.53 0.00 89,~~013~~396,~~285~~685.0414 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.~~101471~~104275% 0.000000% 0.000000% 0.~~101471~~104275% 0.~~057183~~059008% 0.000000% 0.000000% 0.~~057183~~059008% 30 Days 1.~~775748~~564129% 0.000000% 0.000000% 0.000000% 1.~~775748~~564129% 1.~~881083~~639892% 0.000000% 0.000000% 0.000000% 1.~~881083~~639892% 60 Days 0.~~608828~~990615% 0.000000% 0.000000% 0.000000% 0.~~608828~~990615% 01.~~701002~~092307% 0.000000% 0.000000% 0.000000% 01.~~701002~~092307% 90 Days 0.~~000000~~417101% 0.000000% 0.~~101471~~000000% 0.000000% 0.~~101471~~417101% 0.~~000000~~415683% 0.000000% 0.~~058262~~000000% 0.000000% 0.~~058262~~415683% 120 Days 0.000000% 0.000000% 0.~~000000~~104275% 0.000000% 0.~~000000~~104275% 0.000000% 0.000000% 0.~~000000~~060175% 0.000000% 0.~~000000~~060175% 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 2.~~384576~~971846% 0.~~101471~~104275% 0.~~101471~~104275% 0.000000% 23.~~587519~~180396% 23.~~582085~~147881% 0.~~057183~~059008% 0.~~058262~~060175% 0.000000% 23.~~697530~~267064%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp 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 1 0 0 1 58,~~648~~609.3454 0.00 0.00 58,~~648~~609.3454 30 Days 2621 0 0 0 2621 42,~~167~~291,~~832~~323.4339 0.00 0.00 0.00 42,~~167~~291,~~832~~323.4339 60 Days 714 0 0 0 714 12,~~058~~193,~~114~~408.8722 0.00 0.00 0.00 12,~~058~~193,~~114~~408.8722 90 Days 05 0 1 0 1 0~~.00~~ ~~0.00~~5 87698,~~753~~519.3924 0.00 ~~87,753.39 120 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 33 1 1 0 35 5~~698,~~225,947~~519.3024 58,648.34 87,753.39 0.00 5,372,349.03 0-29 Days 0.100200% 0.000000% 0.000000% 0.100200% 0.041178% 0.000000% 0.000000% 0.041178% 30 Days 2.605210% 0.000000% 0.000000% 0.000000% 2.605210% 2.926339% 0.000000% 0.000000% 0.000000% 2.926339% 60 Days 0.701403% 0.000000% 0.000000% 0.000000% 0.701403% 0.742929% 0.000000% 0.000000% 0.000000% 0.742929% 90 Days 0.000000% 0.000000% 0.100200% 0.000000% 0.100200% 0.000000% 0.000000% 0.061614% 0.000000% 0.061614% 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 3.306613% 0.100200% 0.100200% 0.000000% 3.507014% 3.669268% 0.041178% 0.061614% 0.000000% 3.772060% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp 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 1 0 0 1 ~~111,219.39~~ 0.00 0.00 ~~111~~87,~~219~~753.39 ~~30 Days 5~~ 0 ~~0 0 5 452,377~~.~~03 0.~~00 ~~0.00 0.00 452~~87,~~377~~753.0339 ~~60 Days 3 0 0 0 3 258,954.28 0.00 0.00 0.00 258,954.28 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 840 1 0 0 9 711,331.31 111,219.39 0.00 0.00 822,550.70 0-29 Days 0.126904% 0.000000% 0.000000% 0.126904% 0.111164% 0.000000% 0.000000% 0.111164% 30 Days 0.634518% 0.000000% 0.000000% 0.000000% 0.634518% 0.452150% 0.000000% 0.000000% 0.000000% 0.452150% 60 Days 0.380711% 0.000000% 0.000000% 0.000000% 0.380711% 0.258824% 0.000000% 0.000000% 0.000000% 0.258824% 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~~.015228%~~ 0~~.126904%~~ ~~0.000000%~~42 ~~0.000000% 1.142132% 0.710974% 0.111164% 0.000000% 0.000000% 0.822138% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II~~5, Sub Grp 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 4 0 0 0 4 967183,~~736~~250.~~11 0.00 0.00 0.00 967,736.11 60 Days 2 0 0 0 2 765,328.06 0.00 0.00 0.00 765,328.06 90 Days 0 0 1 0 1 0.00 0.00~~ 85~~,321.14~~ ~~0.00 85~~58,~~321~~609.1454 ~~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 6 0 1 0 7 1~~87,~~733,064~~753.1739 0.00 855,~~321.14 0.00 1~~329,~~818,385~~613.3178 0-29 Days 0.~~000000~~102987% 0.000000% 0.000000% 0.~~000000~~102987% 0.~~000000~~042452% 0.000000% 0.000000% 0.~~000000~~042452% 30 Days ~~3.007519% 0.000000% 0.000000% 0.000000% 3.007519%~~ 2.~~578320~~162719% 0.000000% 0.000000% 0.000000% 2.~~578320~~162719% ~~60 Days~~ 1.~~503759~~659643% 0.000000% 0.000000% 0.000000% 1.~~503759~~659643% 2.039048% 0.000000% 0.000000% 0.000000% 2.039048% 90 Days 0.000000% 0.000000% 0.751880% 0.000000% 0.751880% 0.000000% 0.000000% 0.227319% 0.000000% 0.227319% 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 4.511278% 0.000000% 0.751880% 0.000000% 5.263158% 4.617368% 0.000000% 0.227319% 0.000000% 4.844687% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days ~~0 0 0 0 0 0~~1.00 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 0.000000441813% 0.000000% 0.000000% 0.000000% 01.~~000000~~441813% 01.~~000000~~588722% 0.000000% 0.000000% ~~30 Days~~ 0.000000% 01.~~000000~~588722% ~~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~~514933% 0.000000% 0.000000% 0.000000% 0.~~000000~~514933% 0.~~000000~~505949% 0.000000% 0.000000% 0.000000% 0.~~000000~~505949% 120 Days 0.000000% 0.000000% 0.~~000000~~102987% 0.000000% 0.~~000000~~102987% 0.000000% 0.000000% 0.~~000000~~063561% 0.000000% 0.~~000000~~063561% 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 04.~~000000~~119464% 0.~~000000~~102987% 0.~~000000~~102987% 0.000000% 04.~~000000~~325438% 03.~~000000~~754314% 0.~~000000~~042452% 0.~~000000~~063561% 0.000000% 03.~~000000~~860327%

~~OTHER~~DELINQUENT ~~INFORMATION~~BANKRUPTCY ~~Current~~FORECLOSURE ~~Period~~REO ~~Class~~Total AGrp ~~Insufficient~~I, ~~Funds~~Sub Grp 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 1 0 0 1 111,107.60 0.00 ~~Principal~~0.00 ~~Balance~~111,107.60 of30 ~~Contaminated~~Days ~~Properties~~4 0 0 0 4 687,241.79 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 56687,~~104~~241.7379 60 Days 2 0 0 0 2 181,614.06 0.00 0.00 0.00 181,614.06 90 Days 2 0 0 0 2 110,366.69 0.00 0.00 0.00 110,366.69 120 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 1 0 0 9 979,222.54 111,107.60 0.00 0.00 1,090,330.14 0-29 Days 0.130208% 0.000000% 0.000000% 0.130208% 0.114854% 0.000000% 0.000000% 0.114854% 30 Days 0.520833% 0.000000% 0.000000% 0.000000% 0.520833% 0.710412% 0.000000% 0.000000% 0.000000% 0.710412% 60 Days 0.260417% 0.000000% 0.000000% 0.000000% 0.260417% 0.187737% 0.000000% 0.000000% 0.000000% 0.187737% 90 Days 0.260417% 0.000000% 0.000000% 0.000000% 0.260417% 0.114088% 0.000000% 0.000000% 0.000000% 0.114088% 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 1.041667% 0.130208% 0.000000% 0.000000% 1.171875% 1.012236% 0.114854% 0.000000% 0.000000% 1.127090%

~~COLLATERAL~~DELINQUENT ~~STATEMENT~~BANKRUPTCY ~~Collateral~~FORECLOSURE ~~Description~~REO ~~Fixed~~Total &Grp ~~Mixed~~II, ~~ARM~~Sub ~~Weighted~~Grp ~~Average~~I ~~Gross~~No ~~Coupon~~of ~~7.475363%~~Loans ~~Weighted~~No ~~Average~~of ~~Net~~Loans ~~Coupon~~No ~~6.975363%~~of ~~Weighted~~Loans ~~Average~~No ~~Pass-Through~~of ~~Rate~~Loans ~~6.935363%~~No ~~Weighted~~of ~~Average~~Loans ~~Maturity(Stepdown~~Principal ~~Calculation~~Balance )Principal ~~337~~Balance ~~Beginning~~Principal ~~Scheduled~~Balance ~~Collateral~~Principal ~~Loan~~Balance ~~Count~~Principal ~~2,018~~Balance ~~Number~~0-29 OfDays ~~Loans~~0 ~~Paid~~0 In0 ~~Full~~0 470.00 ~~Ending~~0.00 ~~Scheduled~~0.00 ~~Collateral~~0.00 ~~Loan~~30 ~~Count~~Days 5 0 0 0 5 1,~~971~~738,068.93 ~~Beginning~~0.00 ~~Scheduled~~0.00 ~~Collateral~~0.00 ~~Balance 305~~1,~~315~~738,~~528~~068.5793 ~~Ending~~60 ~~Scheduled~~Days ~~Collateral~~3 ~~Balance~~0 ~~296~~0 0 3 766,~~964~~656.42 0.00 0.00 0.00 766,~~094~~656.8442 ~~Ending~~90 ~~Actual~~Days ~~Collateral~~1 ~~Balance~~0 at0 ~~31-Jul-2004~~0 ~~297~~1 386,~~060~~694.73 0.00 0.00 0.00 386,~~092~~694.5573 ~~Monthly~~120 PDays &I0 ~~Constant~~0 21 0 1 0.00 0.00 85,~~162~~321.14 0.00 85,~~892~~321.2014 ~~Special~~150 ~~Servicing~~Days ~~Fee~~0 0 0 0 0 0.00 ~~Prepayment~~0.00 ~~Penalties~~0.00 ~~137,518~~0.6800 ~~Realized~~0.00 ~~Loss~~180 ~~Amount~~Days 0 0 0 0 0 0.00 ~~Cumulative~~0.00 ~~Realized~~0.00 ~~Loss~~0.00 0.00 ~~Ending~~Totals ~~Scheduled~~9 ~~Balance~~0 ~~for~~1 ~~Premium~~0 ~~Loans~~10 ~~296~~2,~~964~~891,~~094~~420.8408 ~~Scheduled~~0.00 ~~Principal 260~~85,~~938~~321.5414 ~~Unscheduled~~0.00 ~~Principal 8~~2,~~090~~976,~~495~~741.1922 ~~Required~~0-29 ~~Overcollateralization~~Days ~~Amount~~0.000000% 0.00000000% ~~Overcollateralized~~0.000000% ~~Increase~~0.000000% ~~Amount~~0.000000% 0.00000000% ~~Overcollateralized~~0.000000% ~~reduction~~0.000000% ~~Amount~~30 Days 3.937008% 0.00000000% ~~Specified~~0.000000% ~~O/C~~0.000000% ~~Amount~~3.937008% ~~7,139,368~~4.04857297% ~~Overcollateralized~~0.000000% ~~Amount~~0.000000% ~~7,139,368~~0.04000000% ~~Overcollateralized~~4.857297% ~~Deficiency~~60 ~~Amount~~Days 2.362205% 0.00000000% ~~Base~~0.000000% ~~Overcollateralized~~0.000000% ~~Amount~~2.362205% 2.142537% 0.00000000% 0.000000% 0.000000% 2.142537% 90 Days 0.787402% 0.000000% 0.000000% 0.000000% 0.787402% 1.080677% 0.000000% 0.000000% 0.000000% 1.080677% 120 Days 0.000000% 0.000000% 0.787402% 0.000000% 0.787402% 0.000000% 0.000000% 0.238443% 0.000000% 0.238443% 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 7.086614% 0.000000% 0.787402% 0.000000% 7.874016% 8.080511% 0.000000% 0.238443% 0.000000% 8.318954%

~~COLLATERAL~~DELINQUENT ~~STATEMENT~~BANKRUPTCY ~~Collateral~~FORECLOSURE ~~Description~~REO ~~Fixed~~Total &Grp ~~Mixed~~II, ~~ARM~~Sub ~~Weighted~~Grp ~~Average~~II ~~Coupon~~No ~~Rate~~of ~~7.475363%~~Loans ~~Weighted~~No ~~Average~~of ~~Net~~Loans ~~Rate~~No ~~6.975363%~~of ~~Weighted~~Loans ~~Average~~No ~~Pass~~of ~~Through~~Loans ~~Rate~~No ~~6.935363%~~of ~~Weighted~~Loans ~~Average~~Principal ~~Maturity~~Balance ~~337~~Principal ~~Record~~Balance ~~Date~~Principal ~~07/31/2004~~Balance Principal ~~and~~Balance ~~Interest~~Principal ~~Constant~~Balance ~~2,162,892.20~~0-29 ~~Beginning~~Days ~~Loan~~0 ~~Count~~0 ~~2,018~~0 ~~Loans~~0 ~~Paid~~0.00 in0.00 ~~Full~~0.00 470.00 ~~Ending~~30 ~~Loan~~Days ~~Count~~0 ~~1,971~~0 ~~Beginning~~0 ~~Scheduled~~0 ~~Balance~~0 ~~305,315,528~~0.5700 ~~Ending~~0.00 ~~Scheduled~~0.00 ~~Balance~~0.00 ~~296,964,094~~0.8400 ~~Ending~~60 ~~Actual~~Days ~~Balance~~0 at0 ~~31-Jul-2004~~0 ~~297,060,092.55~~0 ~~Scheduled~~0 ~~Principal~~0.00 ~~260,938~~0.5400 ~~Unscheduled~~0.00 ~~Principal~~0.00 ~~8,090,495~~0.1900 ~~Scheduled~~90 ~~Interest~~Days ~~1,901,953.66~~0 ~~Servicing~~0 ~~Fee~~0 ~~127,214~~0 0 0.8100 ~~Master~~0.00 ~~Servicing~~0.00 ~~Fee~~0.00 ~~6,360~~0.7600 ~~Trustee~~120 ~~Fee~~Days 0 0 0 0 0 0.00 ~~FRY~~0.00 ~~Amount~~0.00 0.00 ~~Special~~0.00 ~~Hazard~~150 ~~Fee~~Days 0 0 0 0 0 0.00 ~~Other~~0.00 ~~Fee~~0.00 ~~3,816~~0.4100 ~~Pool~~0.00 ~~Insurance~~180 ~~Fee~~Days 0 0 0 0 0 0.00 ~~Spread~~0.00 10.00 0.00 ~~Spread~~0.00 2Totals 0 0 0 0 0 0.00 ~~Spread~~0.00 30.00 0.00 ~~Net~~0.00 ~~Interest~~0-29 ~~1,764,561~~Days 0.68000000% ~~Realized~~0.000000% ~~Loss~~0.000000% ~~Amount~~0.000000% 0.00000000% ~~Cumulative~~0.000000% ~~Realized~~0.000000% ~~Loss~~0.000000% 30 Days 0.00000000% ~~Percentage~~0.000000% of0.000000% ~~Cumulative~~0.000000% ~~Losses~~0.000000% 0.~~0000~~000000% ~~Special~~0.000000% ~~Servicing~~0.000000% ~~Fee~~0.000000% 0.00000000% ~~Prepayment~~60 ~~Penalties~~Days ~~137,518~~0.68000000% ~~Required~~0.000000% ~~Overcollateralized~~0.000000% ~~Amount~~0.000000% 0.00000000% ~~Overcollateralized~~0.000000% ~~Increase~~0.000000% ~~Amount~~0.000000% 0.00000000% ~~Overcollateralized~~0.000000% ~~Reduction~~90 ~~Amount~~Days 0.00000000% ~~Specified~~0.000000% ~~O/C~~0.000000% ~~Amount~~0.000000% ~~7,139,368~~0.04000000% ~~Overcollateralized~~0.000000% ~~Amount~~0.000000% ~~7,139,368~~0.04000000% ~~Overcollateralized~~0.000000% ~~Deficiency~~0.000000% ~~Amount~~120 Days 0.00000000% ~~Base~~0.000000% ~~Overcollateralization~~0.000000% ~~Amount~~0.000000% 0.00000000% 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%

~~Miscellaneous~~OTHER ~~Reporting~~INFORMATION ~~Credit~~Current ~~Enhancement~~Period ~~Percentage:~~Class 19A Insufficient Funds 0.~~615324%~~00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 63,789.51

~~Group~~COLLATERAL ~~Level~~STATEMENT Collateral ~~Statement Group Grp I, Sub Grp I Grp I, Sub Grp II Grp II, Sub Grp I Collateral~~ Description Fixed ~~15/30~~ & ~~ARM~~Mixed ~~Fixed 15/30 &~~ ARM ~~Fixed~~Weighted ~~15/30~~Average &Gross ~~ARM~~Coupon 7.468293% Weighted Average Net Coupon ~~Rate 7~~6.~~646921~~968293% ~~7.383497 7.357079~~ Weighted Average ~~Net~~Pass-Through Rate ~~7.146921~~ 6.~~883497~~928293% ~~6.857079~~ Weighted Average Maturity(Stepdown ~~355~~Calculation ~~302~~) ~~355~~336 Beginning Scheduled Collateral Loan Count 1,~~023~~971 ~~806~~Number ~~137~~Of Loans Paid In Full 2553 18Ending 4Scheduled ~~Ending~~Collateral Loan Count ~~998~~1,918 ~~788 133~~ Beginning Scheduled Collateral Balance ~~146~~296,~~698~~964,~~167~~094.3284 ~~102,382,172.06 39,170,978.04~~ Ending ~~scheduled~~Scheduled Collateral Balance ~~142~~287,~~363~~519,~~161~~045.5850 ~~100,036,489.45~~Ending ~~37,516,501.69~~Actual ~~Record~~Collateral ~~Date~~Balance ~~07/31/2004~~at ~~07/~~31/-Aug-2004 ~~07/31/2004 Principal And Interest Constant 1~~287,~~046~~618,~~952~~653.8079 ~~732,988.98~~Monthly ~~270,453.28~~P ~~Scheduled~~&I ~~Principal~~Constant ~~112~~2,~~128.40 103~~104,~~040~~538.2676 ~~30,299.96~~Special ~~Unscheduled~~Servicing ~~Principal~~Fee ~~4,222,877~~0.3400 ~~2,242,642.35~~Prepayment 1Penalties 137,~~624,176~~783.3990 ~~Scheduled~~Realized ~~Interest~~Loss ~~934,824.40~~Amount ~~629~~5,~~948~~373.7276 ~~240,153.32~~Cumulative ~~Servicing~~Realized ~~Fees~~Loss 615,~~124~~373.2676 ~~42,659.23~~Ending ~~16,321.25~~Scheduled ~~Master~~Balance ~~Servicing~~for ~~Fees~~Premium ~~3,056.20~~Loans 2287,~~132~~519,045.9850 ~~816.07~~Scheduled ~~Trustee~~Principal ~~Fee 0~~256,359.0078 ~~0.00~~Unscheduled ~~0.00~~Principal ~~FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1~~9,~~833.70 1~~188,~~279~~689.7856 ~~489.63~~Required ~~Pool~~Overcollateralization ~~Insurance~~Amount ~~Fee~~ 0.00 ~~0.00~~Overcollateralized ~~0.00~~Increase ~~Spread~~Amount ~~Fee 1 0~~5,373.0076 ~~0.00~~Overcollateralized ~~0.00~~reduction ~~Spread~~Amount ~~Fee 2~~ 0.00 ~~0.00~~Specified ~~0.00~~O/C ~~Spread~~Amount ~~Fee 3 0~~7,139,368.0004 ~~0.00~~Overcollateralized ~~0.00~~Amount ~~Net Interest 868~~7,~~810.24 583~~139,~~876~~368.7304 ~~222,526.37~~Overcollateralized ~~Realized~~Deficiency ~~Loss~~ Amount 0.00 ~~0.00~~Base ~~0.00~~Overcollateralized ~~Cumulative~~Amount ~~Realized Loss~~ 0.00 ~~0.00~~Extra ~~0.00~~principal ~~Percentage~~distribution ofAmount ~~Cumulative Losses 0~~5,373.~~0000~~76 ~~0.0000~~Excess ~~0.0000~~Cash ~~Prepayment~~Amount ~~Penalties~~ 0.00 ~~0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.106921 6.843497 6.817079~~

~~Group~~COLLATERAL ~~Level~~STATEMENT Collateral ~~Statement Group Grp II, Sub Grp II Total Collateral~~ Description Fixed ~~15/30~~ & ~~ARM Fixed &~~ Mixed ARM Weighted Average Coupon Rate ~~6.823208~~ 7.~~475363~~468293% Weighted Average Net Rate 6.~~323209~~968293% Weighted Average Pass Through Rate 6.~~975363~~928293% Weighted Average Maturity ~~346~~336 ~~337~~Record Date 08/31/2004 Principal and Interest Constant 2,104,538.76 Beginning Loan Count ~~52 2~~1,~~018~~971 Loans Paid Inin Full 053 47 Ending Loan Count 52 1,~~971~~918 Beginning Scheduled Balance 17296,~~064~~964,~~211~~094.1584 ~~305,315,528.57~~ Ending ~~scheduled~~Scheduled Balance 17287,~~047~~519,~~942~~045.1250 ~~296,964,094.84~~Ending ~~Record~~Actual ~~Date~~Balance ~~07/31/2004~~at ~~07/~~31/-Aug-2004 ~~Principal And Interest Constant 112~~287,~~497.14 2~~618,~~162,892~~653.2079 Scheduled Principal 15256,~~469~~359.9278 ~~260,938.54~~ Unscheduled Principal ~~799.11 8~~9,~~090~~188,~~495~~689.1956 Scheduled Interest ~~97,027.22~~ 1,~~901~~848,~~953~~178.6698 Servicing ~~Fees~~Fee 7123,~~110~~735.0701 ~~127,214.81~~ Master Servicing ~~Fees~~Fee ~~355.51~~ 6,~~360~~186.76 Trustee Fee 0.00 ~~0.00~~ FRY Amount 0.00 ~~0.00~~ Special Hazard Fee 0.00 ~~0.00~~ Other Fee ~~213.30~~ 3,~~816~~712.4111 Pool Insurance Fee 0.00 ~~0.00~~ Spread ~~Fee~~ 1 0.00 ~~0.00~~ Spread ~~Fee~~ 2 0.00 ~~0.00~~ Spread ~~Fee~~ 3 0.00 ~~0.00~~ Net Interest ~~89,348.34~~ 1,~~764~~714,~~561~~545.6810 Realized Loss Amount 05,373.0076 ~~0.00~~ Cumulative Realized Loss 05,373.0076 ~~0.00~~ Percentage of Cumulative Losses 0.~~0000~~0017 Special Servicing Fee 0.~~0000~~00 Prepayment Penalties 0137,783.0090 Required Overcollateralized Amount 0.00 ~~Special~~Overcollateralized ~~Servicing~~Increase ~~Fee~~Amount 5,373.76 Overcollateralized Reduction Amount 0.00 Specified O/C Amount 7,139,368.04 Overcollateralized Amount 7,139,368.04 Overcollateralized Deficiency Amount 0.00 ~~Pass-Through~~Base ~~Rate~~Overcollateralization ~~6.283208~~Amount 60.~~935363~~00

Filing Compare · ACE Securities Corp Series 2004-IN1