8-K 1 dms04003_sep.txt SEPT. 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 DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-100675-05 Pooling and Servicing Agreement) (Commission 54-2151943 (State or other File Number) 54-2151944 jurisdiction 54-2151945 of Incorporation) 54-2151946 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 27, 2004 a distribution was made to holders of DEUTSCHE MORTGAGE SECURITIES, INC., Mortgage Pass-Through Certificates, Series 2004-3 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 2004-3 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. DEUTSCHE MORTGAGE SECURITIES, INC. Mortgage Pass-Through Certificates, Series 2004-3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 10/4/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-3 Trust, relating to the September 27, 2004 distribution. EX-99.1

Deutsche Mortgage Securities Mortgage Pass-Through Certificates Record Date: 78/31/~~2004~~04 Distribution Date: 89/2527/~~2004~~04 DMS Series: 2004-3 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 251563DS8 SEN 1.~~63000~~79500% 7267,~~743~~966,~~829~~128.5234 98111,~~810~~832.3760 4,~~777~~046,~~701~~349.1821 I-A-2 251563DT6 SEN 2.91000% 12,779,000.00 30,989.08 0.00 I-A-3 251563DU3 SEN 3.59000% 23,292,000.00 69,681.90 0.00 I-A-4 251563DV1 SEN 4.60000% 16,685,000.00 63,959.17 0.00 I-A-5 251563DW9 SEN 5.36000% 22,551,000.00 100,727.80 0.00 I-A-6 251563DX7 SEN 4.36000% 25,000,000.00 90,833.33 0.00 I-A-7 251563DY5 SEN 3.75000% 50,000,000.00 156,250.00 0.00 I-AI-O 251563DZ2 SEN 4.50000% 0.00 117,187.50 0.00 I-M-1 251563EA6 SUB 4.87000% 6,000,000.00 24,350.00 0.00 I-M-2 251563EB4 SUB 5.32000% 4,375,000.00 19,395.83 0.00 I-M-3 251563EC2 SUB 6.07000% 1,875,000.00 9,484.38 0.00 I-CE DMS043OC1 SEN 0.00000% 874,058.00 ~~545~~503,~~002~~412.8900 0.00 I-P DMS0403P1 SEN 0.00000% 100.00 2946,~~807~~969.1251 0.00 I-R DMS0403R1 SEN 0.00000% 0.00 0.00 0.00 II-AR-1 251563ED0 SEN 1.~~72000~~88500% 8988,~~848~~058,~~838~~849.7626 ~~128~~152,~~783~~158.3435 1,~~789~~946,~~989~~382.5055 II-AR-2 251563EE8 SEN 12.~~84000~~00500% ~~124~~115,~~533~~881,~~667~~028.2839 ~~190~~212,~~951~~979.6267 84,~~652~~120,~~638~~132.8979 II-MR-1 251563EF5 SUB 2.~~05000~~21500% 8,625,000.00 1417,~~734~~512.3834 0.00 II-MR-2 251563EG3 SUB 2.~~70000~~86500% 5,875,000.00 1315,~~218~~429.7522 0.00 II-MR-3 251563EH1 SUB 3.~~45000~~61500% 4,875,000.00 1416,~~015~~154.6353 0.00 II-CE DMS043OC2 SEN 0.00000% 286.54 ~~772~~667,~~347~~579.0297 0.00 II-P DMS0403P2 SEN 0.00000% 100.00 ~~18,534~~0.00 0.00 II-R DMS0403R2 SEN 0.00000% 0.00 0.00 0.00 Totals ~~469~~454,~~932~~712,~~880~~550.1053 2,~~509~~426,~~064~~887.1118 1510,~~220~~112,~~329~~864.5755

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 6763,~~966~~919,~~128~~779.3413 4,~~876~~158,~~511~~181.5581 0.00 I-A-2 0.00 12,779,000.00 30,989.08 0.00 I-A-3 0.00 23,292,000.00 69,681.90 0.00 I-A-4 0.00 16,685,000.00 63,959.17 0.00 I-A-5 0.00 22,551,000.00 100,727.80 0.00 I-A-6 0.00 25,000,000.00 90,833.33 0.00 I-A-7 0.00 50,000,000.00 156,250.00 0.00 I-AI-O 0.00 0.00 117,187.50 0.00 I-M-1 0.00 6,000,000.00 24,350.00 0.00 I-M-2 0.00 4,375,000.00 19,395.83 0.00 I-M-3 0.00 1,875,000.00 9,484.38 0.00 I-CE 0.00 874,058.00 ~~545~~503,~~002~~412.8900 0.00 I-P 0.00 100.00 2946,~~807~~969.1251 0.00 I-R 0.00 0.00 0.00 0.00 II-AR-1 0.00 8886,~~058~~112,~~849~~466.2671 12,~~918~~098,~~772~~540.8490 0.00 II-AR-2 0.00 ~~115~~111,~~881~~760,~~028~~895.3960 84,~~843~~333,~~590~~112.5146 0.00 II-MR-1 0.00 8,625,000.00 1417,~~734~~512.3834 0.00 II-MR-2 0.00 5,875,000.00 1315,~~218~~429.7522 0.00 II-MR-3 0.00 4,875,000.00 1416,~~015~~154.6353 0.00 II-CE 0.00 286.54 ~~772~~667,~~347~~579.0297 0.00 II-P 0.00 100.00 ~~18,534~~0.00 0.00 II-R 0.00 0.00 0.00 0.00 Totals 0.00 ~~454~~444,~~712~~599,~~550~~685.5398 1712,~~729~~539,~~393~~751.6873 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 86,569,000.00 7267,~~743~~966,~~829~~128.5234 0.00 4,~~777~~046,~~701~~349.1821 0.00 0.00 I-A-2 12,779,000.00 12,779,000.00 0.00 0.00 0.00 0.00 I-A-3 23,292,000.00 23,292,000.00 0.00 0.00 0.00 0.00 I-A-4 16,685,000.00 16,685,000.00 0.00 0.00 0.00 0.00 I-A-5 22,551,000.00 22,551,000.00 0.00 0.00 0.00 0.00 I-A-6 25,000,000.00 25,000,000.00 0.00 0.00 0.00 0.00 I-A-7 50,000,000.00 50,000,000.00 0.00 0.00 0.00 0.00 I-AI-O 0.00 0.00 0.00 0.00 0.00 0.00 I-M-1 6,000,000.00 6,000,000.00 0.00 0.00 0.00 0.00 I-M-2 4,375,000.00 4,375,000.00 0.00 0.00 0.00 0.00 I-M-3 1,875,000.00 1,875,000.00 0.00 0.00 0.00 0.00 I-CE 873,958.00 874,058.00 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R 0.00 0.00 0.00 0.00 0.00 0.00 II-AR-1 95,986,000.00 8988,~~848~~058,~~838~~849.7626 0.00 1,~~789~~946,~~989~~382.5055 0.00 0.00 II-AR-2 134,639,000.00 ~~124~~115,~~533~~881,~~667~~028.2839 0.00 84,~~652~~120,~~638~~132.8979 0.00 0.00 II-MR-1 8,625,000.00 8,625,000.00 0.00 0.00 0.00 0.00 II-MR-2 5,875,000.00 5,875,000.00 0.00 0.00 0.00 0.00 II-MR-3 4,875,000.00 4,875,000.00 0.00 0.00 0.00 0.00 II-CE 287.00 286.54 0.00 0.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 II-R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 500,000,445.00 ~~469~~454,~~932~~712,~~880~~550.1053 0.00 1510,~~220~~112,~~329~~864.5755 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 4,~~777~~046,~~701~~349.1821 6763,~~966~~919,~~128~~779.3413 0.~~78510932~~73836800 4,~~777~~046,~~701~~349.1821 I-A-2 0.00 12,779,000.00 1.00000000 0.00 I-A-3 0.00 23,292,000.00 1.00000000 0.00 I-A-4 0.00 16,685,000.00 1.00000000 0.00 I-A-5 0.00 22,551,000.00 1.00000000 0.00 I-A-6 0.00 25,000,000.00 1.00000000 0.00 I-A-7 0.00 50,000,000.00 1.00000000 0.00 I-AI-O 0.00 0.00 0.00000000 0.00 I-M-1 0.00 6,000,000.00 1.00000000 0.00 I-M-2 0.00 4,375,000.00 1.00000000 0.00 I-M-3 0.00 1,875,000.00 1.00000000 0.00 I-CE 0.00 874,058.00 1.00011442 0.00 I-P 0.00 100.00 1.00000000 0.00 I-R 0.00 0.00 0.00000000 0.00 II-AR-1 1,~~789~~946,~~989~~382.5055 8886,~~058~~112,~~849~~466.2671 0.~~91741347~~89713569 1,~~789~~946,~~989~~382.5055 II-AR-2 84,~~652~~120,~~638~~132.8979 ~~115~~111,~~881~~760,~~028~~895.3960 0.~~86067951~~83007818 84,~~652~~120,~~638~~132.8979 II-MR-1 0.00 8,625,000.00 1.00000000 0.00 II-MR-2 0.00 5,875,000.00 1.00000000 0.00 II-MR-3 0.00 4,875,000.00 1.00000000 0.00 II-CE 0.00 286.54 0.99839721 0.00 II-P 0.00 100.00 1.00000000 0.00 II-R 0.00 0.00 0.00000000 0.00 Totals 1510,~~220~~112,~~329~~864.5755 ~~454~~444,~~712~~599,~~550~~685.5398 0.~~90942429~~88919858 1510,~~220~~112,~~329~~864.5755

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 86,569,000.00 ~~840~~785.~~29883122~~10931557 0.00000000 5546.~~18951565~~74131860 0.00000000 I-A-2 12,779,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-3 23,292,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-4 16,685,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-5 22,551,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 25,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-7 50,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-AI-O 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 6,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-2 4,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-M-3 1,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-CE 873,958.00 1000.11442197 0.00000000 0.00000000 0.00000000 I-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 95,986,000.00 ~~936~~917.~~06191278~~41346926 0.00000000 1820.~~64844352~~27777540 0.00000000 II-AR-2 134,639,000.00 ~~924~~860.~~94498087~~67950883 0.00000000 6430.~~26547204~~60133238 0.00000000 II-MR-1 8,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-MR-2 5,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-MR-3 4,875,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-CE 287.00 998.39721254 0.00000000 0.00000000 0.00000000 II-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 II-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 5546.~~18951565~~74131860 ~~785~~738.~~10931557~~36799697 0.~~78510932~~73836800 5546.~~18951565~~74131860 I-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-AI-O 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-CE 0.00000000 0.00000000 1,000.11442197 1.00011442 0.00000000 I-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 0.00000000 1820.~~64844352~~27777540 ~~917~~897.~~41346926~~13569385 0.~~91741347~~89713569 1820.~~64844352~~27777540 II-AR-2 0.00000000 6430.~~26547204~~60133238 ~~860~~830.~~67950883~~07817646 0.~~86067951~~83007818 6430.~~26547204~~60133238 II-MR-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-MR-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-MR-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-CE 0.00000000 0.00000000 998.39721254 0.99839721 0.00000000 II-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 II-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 I-A-1 86,569,000.00 1.~~63000~~79500% 7267,~~743~~966,~~829~~128.5234 98111,~~810~~832.3760 0.00 0.00 I-A-2 12,779,000.00 2.91000% 12,779,000.00 30,989.08 0.00 0.00 I-A-3 23,292,000.00 3.59000% 23,292,000.00 69,681.90 0.00 0.00 I-A-4 16,685,000.00 4.60000% 16,685,000.00 63,959.17 0.00 0.00 I-A-5 22,551,000.00 5.36000% 22,551,000.00 100,727.80 0.00 0.00 I-A-6 25,000,000.00 4.36000% 25,000,000.00 90,833.33 0.00 0.00 I-A-7 50,000,000.00 3.75000% 50,000,000.00 156,250.00 0.00 0.00 I-AI-O 0.00 4.50000% 31,250,000.00 117,187.50 0.00 0.00 I-M-1 6,000,000.00 4.87000% 6,000,000.00 24,350.00 0.00 0.00 I-M-2 4,375,000.00 5.32000% 4,375,000.00 19,395.83 0.00 0.00 I-M-3 1,875,000.00 6.07000% 1,875,000.00 9,484.38 0.00 0.00 I-CE 873,958.00 0.00000% 874,058.00 0.00 0.00 0.00 I-P 100.00 0.00000% 100.00 0.00 0.00 0.00 I-R 0.00 0.00000% 0.00 0.00 0.00 0.00 II-AR-1 95,986,000.00 1.~~72000~~88500% 8988,~~848~~058,~~838~~849.7626 ~~128~~152,~~783~~158.3435 0.00 0.00 II-AR-2 134,639,000.00 12.~~84000~~00500% ~~124~~115,~~533~~881,~~667~~028.2839 ~~190~~212,~~951~~979.6267 0.00 0.00 II-MR-1 8,625,000.00 2.~~05000~~21500% 8,625,000.00 1417,~~734~~512.3834 0.00 0.00 II-MR-2 5,875,000.00 2.~~70000~~86500% 5,875,000.00 1315,~~218~~429.7522 0.00 0.00 II-MR-3 4,875,000.00 3.~~45000~~61500% 4,875,000.00 1416,~~015~~154.6353 0.00 0.00 II-CE 287.00 0.00000% 286.54 0.00 0.00 0.00 II-P 100.00 0.00000% 100.00 0.00 0.00 0.00 II-R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 500,000,445.00 1,~~143~~208,~~373~~925.0870 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 98111,~~810~~832.3760 0.00 6763,~~966~~919,~~128~~779.3413 I-A-2 0.00 0.00 30,989.08 0.00 12,779,000.00 I-A-3 0.00 0.00 69,681.90 0.00 23,292,000.00 I-A-4 0.00 0.00 63,959.17 0.00 16,685,000.00 I-A-5 0.00 0.00 100,727.80 0.00 22,551,000.00 I-A-6 0.00 0.00 90,833.33 0.00 25,000,000.00 I-A-7 0.00 0.00 156,250.00 0.00 50,000,000.00 I-AI-O 0.00 0.00 117,187.50 0.00 31,250,000.00 I-M-1 0.00 0.00 24,350.00 0.00 6,000,000.00 I-M-2 0.00 0.00 19,395.83 0.00 4,375,000.00 I-M-3 0.00 0.00 9,484.38 0.00 1,875,000.00 I-CE 0.00 0.00 ~~545~~503,~~002~~412.8900 0.00 874,058.00 I-P 0.00 0.00 2946,~~807~~969.1251 0.00 100.00 I-R 0.00 0.00 0.00 0.00 0.00 II-AR-1 0.00 0.00 ~~128~~152,~~783~~158.3435 0.00 8886,~~058~~112,~~849~~466.2671 II-AR-2 0.00 0.00 ~~190~~212,~~951~~979.6267 0.00 ~~115~~111,~~881~~760,~~028~~895.3960 II-MR-1 0.00 0.00 1417,~~734~~512.3834 0.00 8,625,000.00 II-MR-2 0.00 0.00 1315,~~218~~429.7522 0.00 5,875,000.00 II-MR-3 0.00 0.00 1416,~~015~~154.6353 0.00 4,875,000.00 II-CE 0.00 0.00 ~~772~~667,~~347~~579.0297 0.00 286.54 II-P 0.00 0.00 ~~18,534~~0.00 0.00 100.00 II-R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~509~~426,~~064~~887.1118 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 86,569,000.00 1.~~63000~~79500% ~~840~~785.~~29883122~~10931557 1.~~14140593~~29183195 0.00000000 0.00000000 I-A-2 12,779,000.00 2.91000% 1000.00000000 2.42500039 0.00000000 0.00000000 I-A-3 23,292,000.00 3.59000% 1000.00000000 2.99166667 0.00000000 0.00000000 I-A-4 16,685,000.00 4.60000% 1000.00000000 3.83333353 0.00000000 0.00000000 I-A-5 22,551,000.00 5.36000% 1000.00000000 4.46666667 0.00000000 0.00000000 I-A-6 25,000,000.00 4.36000% 1000.00000000 3.63333320 0.00000000 0.00000000 I-A-7 50,000,000.00 3.75000% 1000.00000000 3.12500000 0.00000000 0.00000000 I-AI-O 0.00 4.50000% 1000.00000000 3.75000000 0.00000000 0.00000000 I-M-1 6,000,000.00 4.87000% 1000.00000000 4.05833333 0.00000000 0.00000000 I-M-2 4,375,000.00 5.32000% 1000.00000000 4.43333257 0.00000000 0.00000000 I-M-3 1,875,000.00 6.07000% 1000.00000000 5.05833600 0.00000000 0.00000000 I-CE 873,958.00 0.00000% 1000.11442197 0.00000000 0.00000000 0.00000000 I-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 95,986,000.00 1.~~72000~~88500% ~~936~~917.~~06191278~~41346926 1.~~34168879~~58521399 0.00000000 0.00000000 II-AR-2 134,639,000.00 12.~~84000~~00500% ~~924~~860.~~94498087~~67950883 1.~~41824895~~58185719 0.00000000 0.00000000 II-MR-1 8,625,000.00 2.~~05000~~21500% 1000.00000000 12.~~70833391~~03041623 0.00000000 0.00000000 II-MR-2 5,875,000.00 2.~~70000~~86500% 1000.00000000 2.~~25000000~~62625021 0.00000000 0.00000000 II-MR-3 4,875,000.00 3.~~45000~~61500% 1000.00000000 23.~~87500103~~31374974 0.00000000 0.00000000 II-CE 287.00 0.00000% 998.39721254 0.00000000 0.00000000 0.00000000 II-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-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.~~14140593~~29183195 0.00000000 ~~785~~738.~~10931557~~36799697 I-A-2 0.00000000 0.00000000 2.42500039 0.00000000 1000.00000000 I-A-3 0.00000000 0.00000000 2.99166667 0.00000000 1000.00000000 I-A-4 0.00000000 0.00000000 3.83333353 0.00000000 1000.00000000 I-A-5 0.00000000 0.00000000 4.46666667 0.00000000 1000.00000000 I-A-6 0.00000000 0.00000000 3.63333320 0.00000000 1000.00000000 I-A-7 0.00000000 0.00000000 3.12500000 0.00000000 1000.00000000 I-AI-O 0.00000000 0.00000000 3.75000000 0.00000000 1000.00000000 I-M-1 0.00000000 0.00000000 4.05833333 0.00000000 1000.00000000 I-M-2 0.00000000 0.00000000 4.43333257 0.00000000 1000.00000000 I-M-3 0.00000000 0.00000000 5.05833600 0.00000000 1000.00000000 I-CE 0.00000000 0.00000000 ~~623~~576.~~60306788~~01395033 0.00000000 1000.11442197 I-P 0.00000000 0.00000000 ~~298071~~469695.~~20000000~~10000000 0.00000000 1000.00000000 I-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-AR-1 0.00000000 0.00000000 1.~~34168879~~58521399 0.00000000 ~~917~~897.~~41346926~~13569385 II-AR-2 0.00000000 0.00000000 1.~~41824895~~58185719 0.00000000 ~~860~~830.~~67950883~~07817646 II-MR-1 0.00000000 0.00000000 12.~~70833391~~03041623 0.00000000 1000.00000000 II-MR-2 0.00000000 0.00000000 2.~~25000000~~62625021 0.00000000 1000.00000000 II-MR-3 0.00000000 0.00000000 23.~~87500103~~31374974 0.00000000 1000.00000000 II-CE 0.00000000 0.00000000 ~~2691104~~2326062.~~59930314~~61324042 0.00000000 998.39721254 II-P 0.00000000 0.00000000 ~~185340~~0.00000000 0.00000000 1000.00000000 II-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 1712,~~778~~596,~~172~~711.5069 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7170,~~241~~346.3861 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 4846,~~341~~969.1251 Total Deposits 1712,~~897~~714,~~755~~027.0081 Withdrawals Reimbursement for Servicer Advances 6171,~~997~~241.1338 Payment of Service Fee ~~106~~103,~~364~~034.1970 Payment of Interest and Principal 1712,~~729~~539,~~393~~751.6873 Total Withdrawals (Pool Distribution Amount) 1712,~~897~~714,~~755~~027.0081 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 9794,~~902~~731.7080 AMBAC, Class I-A-5 & I-A-6 3,566.33 Credit Risk Manager 3,~~916~~789.1427 Master Servicing Fee ~~979~~947.0230 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~106~~103,~~364~~034.1970

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 1 0 0 1 137,~~755~~627.8020 0.00 0.00 137,~~755~~627.8020 30 Days 16 0 0 0 16 3,~~440~~349,~~854~~173.5304 0.00 0.00 0.00 3,~~440~~349,~~854~~173.5304 60 Days 2010 30 120 0 3510 32,~~767~~037,~~965~~872.8823 ~~271,536~~0.3900 ~~3,607,343~~0.7400 0.00 72,~~646~~037,~~846~~872.0123 90 Days 13 03 015 0 1 6522 763,~~406~~166.7601 0293,575.0048 03,539,047.0067 0104,288.0026 654,~~406~~700,077.7642 120 Days 06 01 01 0 08 0707,987.0009 0101,779.0055 065,406.0076 0.00 0875,173.0040 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 3735 45 1216 01 5357 76,~~274~~858,~~227~~198.1737 ~~409~~532,~~292~~982.1923 3,~~607~~604,~~343~~454.7443 0104,288.0026 11,~~290~~099,~~863~~923.1029 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.~~045725~~046512% 0.000000% 0.000000% 0.~~045725~~046512% 0.~~030282~~030941% 0.000000% 0.000000% 0.~~030282~~030941% 30 Days 0.~~731596~~744186% 0.000000% 0.000000% 0.000000% 0.~~731596~~744186% 0.~~756375~~752959% 0.000000% 0.000000% 0.000000% 0.~~756375~~752959% 60 Days 0.~~914495~~465116% 0.~~137174~~000000% 0.~~548697~~000000% 0.000000% 10.~~600366~~465116% 0.~~828282~~458153% 0.~~059690~~000000% 0.~~792973~~000000% 0.000000% 10.~~680945~~458153% 90 Days 0.~~045725~~139535% 0.~~000000~~139535% 0.~~000000~~697674% 0.~~000000~~046512% 01.~~045725~~023256% 0.~~014378~~171575% 0.~~000000~~066001% 0.~~000000~~795647% 0.~~000000~~023446% 01.~~014378~~056669% 120 Days 0.~~000000~~279070% 0.~~000000~~046512% 0.~~000000~~046512% 0.000000% 0.~~000000~~372093% 0.~~000000~~159169% 0.~~000000~~022882% 0.~~000000~~014705% 0.000000% 0.~~000000~~196756% 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.~~691815~~627907% 0.~~182899~~232558% 0.~~548697~~744186% 0.~~000000~~046512% 2.~~423411~~651163% 1.~~599035~~541856% 0.~~089971~~119825% 0.~~792973~~810351% 0.~~000000~~023446% 2.~~481980~~495479%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I, Pool 1 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 1 137,~~755~~627.8020 0.00 0.00 137,~~755~~627.8020 30 Days 128 0 0 0 128 21,~~301~~816,~~719~~407.8868 0.00 0.00 0.00 21,~~301~~816,~~719~~407.8868 60 Days 1910 30 120 0 3410 32,~~668~~037,~~215~~872.8823 ~~271,536~~0.3900 ~~3,607,343~~0.7400 0.00 72,~~547~~037,~~096~~872.0123 90 Days 12 03 015 0 1 6521 663,~~406~~416.7601 0293,575.0048 03,539,047.0067 0104,288.0026 654,~~406~~600,327.7642 120 Days 06 01 01 0 08 0707,987.0009 0101,779.0055 065,406.0076 0.00 0875,173.0040 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 3226 45 1216 01 48 65,~~035~~225,~~342~~683.5201 ~~409~~532,~~292~~982.1923 3,~~607~~604,~~343~~454.7443 0104,288.0026 109,~~051~~467,~~978~~407.4593 0-29 Days 0.~~079936~~081037% 0.000000% 0.000000% 0.~~079936~~081037% 0.~~059484~~060485% 0.000000% 0.000000% 0.~~059484~~060485% 30 Days 0.~~959233~~648298% 0.000000% 0.000000% 0.000000% 0.~~959233~~648298% 0.~~993892~~798278% 0.000000% 0.000000% 0.000000% 0.~~993892~~798278% 60 Days 10.~~518785~~810373% 0.~~239808~~000000% 0.~~959233~~000000% 0.000000% 20.~~717826~~810373% 10.~~583950~~895608% 0.~~117251~~000000% 10.~~557666~~000000% 0.000000% 30.~~258866~~895608% 90 Days 0.~~079936~~162075% 0.~~000000~~243112% 01.~~000000~~215559% 0.~~000000~~081037% 01.~~079936~~701783% 0.~~028243~~291559% 0.~~000000~~129021% 01.~~000000~~555348% 0.~~000000~~045833% 02.~~028243~~021761% 120 Days 0.~~000000~~486224% 0.~~000000~~081037% 0.~~000000~~081037% 0.000000% 0.~~000000~~648298% 0.~~000000~~311148% 0.~~000000~~044730% 0.~~000000~~028745% 0.000000% 0.~~000000~~384623% 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.~~557954~~106969% 0.~~319744~~405186% 01.~~959233~~296596% 0.~~000000~~081037% 3.~~836930~~889789% 2.~~606085~~296594% 0.~~176734~~234236% 1.~~557666~~584093% 0.~~000000~~045833% 4.~~340485~~160755% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II, Pool 1 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 27 0 0 0 27 ~~285~~1,~~934~~259,831.6665 0.00 0.00 0.00 ~~285~~1,~~934~~259,831.6665 60 Days 10 0 0 0 10 ~~99,750~~0.00 0.00 0.00 0.00 ~~99,750~~0.00 90 Days 01 0 0 0 01 099,750.00 0.00 0.00 0.00 099,750.00 120 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 38 0 0 0 38 ~~385~~1,~~684~~359,581.6665 0.00 0.00 0.00 ~~385~~1,~~684~~359,581.6665 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 01.~~370370~~320755% 0.000000% 0.000000% 0.000000% 01.~~370370~~320755% 01.~~297449~~337655% 0.000000% 0.000000% 0.000000% 01.~~297449~~337655% 60 Days 0.~~185185~~000000% 0.000000% 0.000000% 0.000000% 0.~~185185~~000000% 0.~~103767~~000000% 0.000000% 0.000000% 0.000000% 0.~~103767~~000000% 90 Days 0.~~000000~~188679% 0.000000% 0.000000% 0.000000% 0.~~000000~~188679% 0.~~000000~~105912% 0.000000% 0.000000% 0.000000% 0.~~000000~~105912% 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.~~555556~~509434% 0.000000% 0.000000% 0.000000% 01.~~555556~~509434% 01.~~401216~~443567% 0.000000% 0.000000% 0.000000% 01.~~401216~~443567% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II, Pool 2 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 21 0 0 0 21 ~~853~~272,~~199~~933.9971 0.00 0.00 0.00 ~~853~~272,~~199~~933.9971 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 21 0 0 0 21 ~~853~~272,~~199~~933.9971 0.00 0.00 0.00 ~~853~~272,~~199~~933.9971 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~505051~~259067% 0.000000% 0.000000% 0.000000% 0.~~505051~~259067% 0.~~670764~~221755% 0.000000% 0.000000% 0.000000% 0.~~670764~~221755% 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.~~505051~~259067% 0.000000% 0.000000% 0.000000% 0.~~505051~~259067% 0.~~670764~~221755% 0.000000% 0.000000% 0.000000% 0.~~670764~~221755%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7170,~~241~~346.3861

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~578989~~577020% Weighted Average Net Coupon 6.~~328989~~327020% Weighted Average Pass-Through Rate 6.~~292701~~290086% Weighted Average Maturity(Stepdown Calculation ) ~~350~~349 Beginning Scheduled Collateral Loan Count 2,~~241~~187 Number Of Loans Paid In Full 5437 Ending Scheduled Collateral Loan Count 2,~~187~~150 Beginning Scheduled Collateral Balance ~~469~~454,~~932~~712,~~880~~550.1053 Ending Scheduled Collateral Balance ~~454~~444,~~712~~599,~~550~~685.5398 Ending Actual Collateral Balance at 31-~~Jul~~Aug-2004 ~~454~~444,~~913~~801,~~599~~394.7692 Monthly P &I Constant 2,~~793~~706,~~095~~630.5652 Special Servicing Fee 0.00 Prepayment Penalties 4846,~~341~~969.1251 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~454~~444,~~712~~599,~~550~~685.5398 Scheduled Principal ~~216~~214,~~692~~419.7021 Unscheduled Principal 159,~~003~~898,~~636~~445.8734

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~578989~~577020% Weighted Average Net Rate 6.~~328989~~327020% Weighted Average Pass Through Rate 6.~~292701~~290086% Weighted Average Maturity ~~350~~349 Record Date 0708/31/2004 Principal and Interest Constant 2,~~793~~706,~~095~~630.5652 Beginning Loan Count 2,~~241~~187 Loans Paid in Full 5437 Ending Loan Count 2,~~187~~150 Beginning Scheduled Balance ~~469~~454,~~932~~712,~~880~~550.1053 Ending Scheduled Balance ~~454~~444,~~712~~599,~~550~~685.5398 Ending Actual Balance at 31-~~Jul~~Aug-2004 ~~454~~444,~~913~~801,~~599~~394.7692 Scheduled Principal ~~216~~214,~~692~~419.7021 Unscheduled Principal 159,~~003~~898,~~636~~445.8734 Scheduled Interest 2,~~576~~492,~~402~~211.8631 Servicing Fee 9794,~~902~~731.7080 Master Servicing Fee ~~979~~947.0230 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 13,~~231~~048.9017 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 2,~~464~~383,~~289~~484.2404 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Special Servicing Fee 0.00 Prepayment Penalties 4846,~~341~~969.1251

Miscellaneous Reporting Credit Enhancement Percentage Group I 5.~~671656~~772599% Credit Enhancement Percentage Group II 8.~~676203~~918480% Overcollateralization Amount Group I 874,058.00 Overcollateralization Amount Group II 286.54 Req Overcollateralization Amnt Group I 874,058.00 Req Overcollateralization Amnt Group II 1,500,002.32

Group Level Collateral Statement Group Group I, Pool 1 Group II, Pool 1 Group II, Pool 2 Collateral Description Mixed Fixed Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.~~068746~~060828 6.~~071400~~071723 6.~~093371~~078711 Weighted Average Net Rate 6.~~818746~~810828 5.~~821400~~821723 5.~~843371~~828710 Weighted Average Maturity ~~344~~343 ~~356~~ 355 354 Beginning Loan Count 1,~~274~~251 ~~552~~540 ~~415~~396 Loans Paid In Full 2317 1210 1910 Ending Loan Count 1,~~251~~234 ~~540~~530 ~~396~~386 Beginning Scheduled Balance ~~236~~231,~~174~~397,~~987~~286.5234 9796,~~913~~123,~~275~~286.7727 ~~135~~127,~~844~~191,~~616~~977.8192 Ending scheduled Balance ~~231~~227,~~397~~350,~~286~~937.3413 9694,~~123~~176,~~286~~903.2772 ~~127~~123,~~191~~071,~~977~~845.9213 Record Date 0708/31/2004 0708/31/2004 0708/31/2004 Principal And Interest Constant 1,~~591~~560,~~746~~032.0036 ~~502~~493,~~948~~642.7011 ~~698~~652,~~400~~956.8605 Scheduled Principal ~~200~~198,~~528~~485.4135 7,~~556~~280.4549 8,~~607~~653.8437 Unscheduled Principal 43,~~577~~847,~~172~~863.7786 1,~~782~~939,~~433~~102.0506 84,~~644~~111,~~031~~479.0542 Scheduled Interest 1,~~391~~361,~~217~~547.5901 ~~495~~486,~~392~~361.2562 ~~689~~644,~~793~~302.0268 Servicing Fees 4948,~~203~~207.1277 20,~~398~~025.6269 2826,~~300~~498.9634 Master Servicing Fees ~~492~~482.0106 ~~203~~200.9926 ~~283~~264.0298 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 11,~~283~~187.9121 ~~815~~801.9602 1,~~132~~059.0394 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,~~330~~301,~~238~~669.5597 ~~473~~465,~~973~~334.6865 ~~660~~616,~~077~~479.0142 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 6.~~758913~~750312 5.~~808900~~809223 5.~~830871~~816211

Group Level Collateral Statement Group Total Collateral Description Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~578989~~577020 Weighted Average Net Rate 6.~~328989~~327020 Weighted Average Maturity ~~350~~349 Beginning Loan Count 2,~~241~~187 Loans Paid In Full 5437 Ending Loan Count 2,~~187~~150 Beginning Scheduled Balance ~~469~~454,~~932~~712,~~880~~550.1053 Ending scheduled Balance ~~454~~444,~~712~~599,~~550~~685.5398 Record Date 0708/31/2004 Principal And Interest Constant 2,~~793~~706,~~095~~630.5652 Scheduled Principal ~~216~~214,~~692~~419.7021 Unscheduled Principal 159,~~003~~898,~~636~~445.8734 Scheduled Interest 2,~~576~~492,~~402~~211.8631 Servicing Fees 9794,~~902~~731.7080 Master Servicing Fees ~~979~~947.0230 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 13,~~231~~048.9017 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 2,~~464~~383,~~289~~484.2404 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 6.~~292701~~290086

Filing Compare · DEUTSCHE MORTGAGE LOAN TRUST SERIES 2004-3