8-K 1 sam04ar4_oct.txt OCT. 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): October 19, 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 October 19, 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 October 19, 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: 10/19/04 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 October 19, 2004 distribution. EX-99.1

Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 89/3130/~~2004~~04 Distribution Date: 910/2019/~~2004~~04 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 12.~~95000~~16125% ~~331~~326,~~993~~197,~~548~~085.3700 ~~539~~587,~~489~~494.5153 52,~~796~~715,~~463~~876.3792 II-A-1 86359LDJ5 SEN 12.~~95000~~16125% ~~251~~249,~~359~~738,~~827~~684.9768 ~~408~~449,~~459~~789.7177 13,~~621~~235,~~143~~575.2994 III-A-1 86359LDW6 SEN 3.~~26094~~28382% 6362,~~891~~255,~~565~~571.6230 ~~173~~170,~~621~~363.8827 1590,~~635,994~~327.3210 X 86359LDK2 SEN 10.~~10393~~96425% 0.00 ~~583~~503,~~781~~309.2826 0.00 R-I 86359LDL0 SEN 2.~~97639~~99581% 0.00 0.00 0.00 R-II 86359LDM8 SEN 2.~~97639~~99581% 0.00 0.00 0.00 R-III 86359LDN6 SEN 2.~~97639~~99581% 0.00 40.4800 0.00 M 86359LDP1 MEX 2.~~05000~~26125% 27,398,000.00 4651,~~804~~628.9211 0.00 B-1 86359LDQ9 SUB 2.~~22000~~43125% 10,674,400.00 1921,~~747~~626.6478 0.00 B-2 86359LDR7 SUB 23.~~80000~~01125% 7,828,000.00 1819,~~265~~643.3339 0.00 B-3 86359LDS5 SUB 3.~~10000~~31125% 5,337,300.00 1314,~~788~~727.0261 0.00 B-4 86359LDT3 SUB 3.~~09899~~16482% 2,490,700.00 6,~~432~~568.2285 0.00 B-5 86359LDU0 SUB 3.~~09899~~16482% 2,134,900.00 5,~~513~~630.3748 0.00 B-6 86359LDV8 SUB 3.~~09899~~16482% 4,625,782.00 1112,~~946~~199.0681 0.00 Totals ~~707~~698,~~734~~680,~~023~~422.9698 1,~~827~~842,~~854~~981.4286 96,~~053~~541,~~600~~779.9896

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 ~~326~~323,~~197~~481,~~085~~208.0008 63,~~335~~303,~~952~~371.8845 0.00 II-A-1 0.00 ~~249~~246,~~738~~503,~~684~~108.6874 23,~~029~~685,~~603~~365.0071 0.00 III-A-1 0.00 6261,~~255~~665,~~571~~244.3020 1760,~~809,616~~690.2037 0.00 X 0.00 0.00 ~~583~~503,~~781~~309.2826 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 40.4800 0.00 M 0.00 27,398,000.00 4651,~~804~~628.9211 0.00 B-1 0.00 10,674,400.00 1921,~~747~~626.6478 0.00 B-2 0.00 7,828,000.00 1819,~~265~~643.3339 0.00 B-3 0.00 5,337,300.00 1314,~~788~~727.0261 0.00 B-4 0.00 2,490,700.00 6,~~432~~568.2285 0.00 B-5 0.00 2,134,900.00 5,~~513~~630.3748 0.00 B-6 0.00 4,625,782.00 1112,~~946~~199.0681 0.00 Totals 0.00 ~~698~~692,~~680~~138,~~422~~643.9802 108,~~881~~384,~~455~~761.4082 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 ~~331~~326,~~993~~197,~~548~~085.3700 0.00 52,~~796~~715,~~463~~876.3792 0.00 0.00 II-A-1 252,524,000.00 ~~251~~249,~~359~~738,~~827~~684.9768 0.00 13,~~621~~235,~~143~~575.2994 0.00 0.00 III-A-1 63,906,700.00 6362,~~891~~255,~~565~~571.6230 0.00 1590,~~635,994~~327.3210 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 R-III 50.00 0.00 0.00 0.00 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 ~~707~~698,~~734~~680,~~023~~422.9698 0.00 96,~~053~~541,~~600~~779.9896 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 52,~~796~~715,~~463~~876.3792 ~~326~~323,~~197~~481,~~085~~208.0008 0.~~97455552~~96644149 52,~~796~~715,~~463~~876.3792 II-A-1 13,~~621~~235,~~143~~575.2994 ~~249~~246,~~738~~503,~~684~~108.6874 0.~~98897010~~97615715 13,~~621~~235,~~143~~575.2994 III-A-1 1590,~~635,994~~327.3210 6261,~~255~~665,~~571~~244.3020 0.~~97416345~~96492612 1590,~~635,994~~327.3210 X 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 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 96,~~053~~541,~~600~~779.9896 ~~698~~692,~~680~~138,~~422~~643.9802 0.~~98179792~~97260530 96,~~053~~541,~~600~~779.9896

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 ~~991~~974.~~87319901~~55552312 0.00000000 178.~~31767588~~11402975 0.00000000 II-A-1 252,524,000.00 ~~995~~988.~~38985589~~97009662 0.00000000 612.~~41975927~~81294427 0.00000000 III-A-1 63,906,700.00 ~~999~~974.~~76318007~~16344922 0.00000000 259.~~59973086~~23732723 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000000 0.00000000 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 178.~~31767588~~11402975 ~~974~~966.~~55552312~~44149337 0.~~97455552~~96644149 178.~~31767588~~11402975 II-A-1 0.00000000 612.~~41975927~~81294427 ~~988~~976.~~97009662~~15715235 0.~~98897010~~97615715 612.~~41975927~~81294427 III-A-1 0.00000000 259.~~59973086~~23732723 ~~974~~964.~~16344922~~92612199 0.~~97416345~~96492612 259.~~59973086~~23732723 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 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 12.~~95000~~16125% ~~331~~326,~~993~~197,~~548~~085.3700 ~~539~~587,~~489~~494.5254 0.00 0.00 II-A-1 252,524,000.00 12.~~95000~~16125% ~~251~~249,~~359~~738,~~827~~684.9768 ~~408~~449,~~459~~789.7278 0.00 0.00 III-A-1 63,906,700.00 3.~~26094~~28382% 6362,~~891~~255,~~565~~571.6230 ~~173~~170,~~621~~363.8827 0.00 0.00 X 0.00 10.~~10393~~96425% ~~634~~627,~~591~~173,~~076~~469.3468 ~~583~~503,~~785~~960.7755 0.00 0.00 R-I 50.00 2.~~97639~~99581% 0.00 0.00 0.00 0.00 R-II 50.00 2.~~97639~~99581% 0.00 0.00 0.00 0.00 R-III 50.00 2.~~97639~~99581% 0.00 0.00 0.00 0.00 M 27,398,000.00 2.~~05000~~26125% 27,398,000.00 4651,~~804~~628.9211 0.00 0.00 B-1 10,674,400.00 2.~~22000~~43125% 10,674,400.00 1921,~~747~~626.6478 0.00 0.00 B-2 7,828,000.00 23.~~80000~~01125% 7,828,000.00 1819,~~265~~643.3339 0.00 0.00 B-3 5,337,300.00 3.~~10000~~31125% 5,337,300.00 1314,~~788~~727.0361 0.00 0.00 B-4 2,490,700.00 3.~~09899~~16482% 2,490,700.00 6,~~432~~568.2285 0.00 0.00 B-5 2,134,900.00 3.~~09899~~16482% 2,134,900.00 5,~~513~~630.3748 0.00 0.00 B-6 4,625,782.00 3.~~09899~~16482% 4,625,782.00 1112,~~946~~199.0681 0.00 0.00 Totals 711,633,632.00 1,~~827~~843,~~854~~633.4617 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 0.01 0.00 ~~539~~587,~~489~~494.5153 0.00 ~~326~~323,~~197~~481,~~085~~208.0008 II-A-1 0.01 0.00 ~~408~~449,~~459~~789.7177 0.00 ~~249~~246,~~738~~503,~~684~~108.6874 III-A-1 0.00 0.00 ~~173~~170,~~621~~363.8827 0.00 6261,~~255~~665,~~571~~244.3020 X 0.01 0.00 ~~583~~503,~~781~~309.2826 0.00 ~~627~~621,~~173~~222,~~469~~016.6882 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 40.4800 0.00 0.00 M 0.00 0.00 4651,~~804~~628.9211 0.00 27,398,000.00 B-1 0.00 0.00 1921,~~747~~626.6478 0.00 10,674,400.00 B-2 0.00 0.00 1819,~~265~~643.3339 0.00 7,828,000.00 B-3 0.00 0.00 1314,~~788~~727.0261 0.00 5,337,300.00 B-4 0.00 0.00 6,~~432~~568.2285 0.00 2,490,700.00 B-5 0.00 0.00 5,~~513~~630.3748 0.00 2,134,900.00 B-6 0.00 0.00 1112,~~946~~199.0681 0.00 4,625,782.00 Totals 0.03 0.00 1,~~827~~842,~~854~~981.4286 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 12.~~95000~~16125% ~~991~~974.~~87319901~~55552312 1.~~61179396~~75521510 0.00000000 0.00000000 II-A-1 252,524,000.00 12.~~95000~~16125% ~~995~~988.~~38985589~~97009662 1.~~61750851~~78117636 0.00000000 0.00000000 III-A-1 63,906,700.00 3.~~26094~~28382% ~~999~~974.~~76318007~~16344922 2.~~71680246~~66581235 0.00000000 0.00000000 X 0.00 10.~~10393~~96425% ~~993~~982.~~91625165~~29856574 0.~~91434340~~78931866 0.00000000 0.00000000 R-I 50.00 2.~~97639~~99581% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 2.~~97639~~99581% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 2.~~97639~~99581% 0.00000000 0.00000000 0.00000000 0.00000000 M 27,398,000.00 2.~~05000~~26125% 1000.00000000 1.~~70833345~~88437514 0.00000000 0.00000000 B-1 10,674,400.00 2.~~22000~~43125% 1000.00000000 12.~~85000000~~02604174 0.00000000 0.00000000 B-2 7,828,000.00 23.~~80000~~01125% 1000.00000000 2.~~33333291~~50937532 0.00000000 0.00000000 B-3 5,337,300.00 3.~~10000~~31125% 1000.00000000 2.~~58333427~~75937459 0.00000000 0.00000000 B-4 2,490,700.00 3.~~09899~~16482% 1000.00000000 2.~~58249488~~63735095 0.00000000 0.00000000 B-5 2,134,900.00 3.~~09899~~16482% 1000.00000000 2.~~58249567~~63735070 0.00000000 0.00000000 B-6 4,625,782.00 3.~~09899~~16482% 1000.00000000 2.~~58249524~~63735083 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 0.00000003 0.00000000 1.~~61179393~~75521507 0.00000000 ~~974~~966.~~55552312~~44149337 II-A-1 0.00000004 0.00000000 1.~~61750847~~78117632 0.00000000 ~~988~~976.~~97009662~~15715235 III-A-1 0.00000000 0.00000000 2.~~71680246~~66581235 0.00000000 ~~974~~964.~~16344922~~92612199 X 0.00000002 0.00000000 0.~~91433637~~78829859 0.00000000 ~~982~~972.~~29856574~~97721544 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 890.~~60000000~~00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 1.~~70833345~~88437514 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 12.~~85000000~~02604174 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.~~33333291~~50937532 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.~~58333240~~75937459 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.~~58249488~~63735095 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.~~58249567~~63735070 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.~~58249524~~63735083 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 10.~~04933~~90133% ~~331,993,548.37~~ 326,197,085.00 323,481,208.08 0.00 0.00 9796.~~45555231~~64414934% 2X 1.~~24011~~10897% ~~251,359,827.97~~ 249,738,684.68 246,503,108.74 0.00 0.00 9897.~~89700966~~61571523% 3X 0.~~78962~~65945% 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 118,~~082~~612,~~728~~386.3307 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3227,~~835~~275.5478 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 118,~~115~~639,~~563~~661.8785 Withdrawals Reimbursement for Servicer Advances 932,~~195~~835.7754 Payment of Service Fee ~~224~~222,~~912~~064.7049 Payment of Interest and Principal 108,~~881~~384,~~455~~761.4082 Total Withdrawals (Pool Distribution Amount) 118,~~115~~639,~~563~~661.8785 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~144~~142,~~715~~897.6126 Additional Servicing Fee 7675,~~834~~823.4954 Master Servicing Fee 1,~~474~~455.4463 Miscellaneous Fee 1,888.1606 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~224~~222,~~912~~064.7049

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Carryover Shortfall Reserve Fund 5,000.00 4651.4828 4651.4828 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 3026 0 0 0 3026 119,~~697~~638,~~034~~612.8039 0.00 0.00 0.00 119,~~697~~638,~~034~~612.8039 60 Days 12 0 0 0 12 ~~122~~417,~~500~~533.0054 0.00 0.00 0.00 ~~122~~417,~~500~~533.0054 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 3128 0 0 0 3128 1110,~~819~~056,~~534~~145.8093 0.00 0.00 0.00 1110,~~819~~056,~~534~~145.8093 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~241208~~085595% 0.000000% 0.000000% 0.000000% 1.~~241208~~085595% 1.~~674139~~392573% 0.000000% 0.000000% 0.000000% 1.~~674139~~392573% 60 Days 0.~~041374~~083507% 0.000000% 0.000000% 0.000000% 0.~~041374~~083507% 0.~~017533~~060325% 0.000000% 0.000000% 0.000000% 0.~~017533~~060325% 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.~~282582~~169102% 0.000000% 0.000000% 0.000000% 1.~~282582~~169102% 1.~~691672~~452897% 0.000000% 0.000000% 0.000000% 1.~~691672~~452897%

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 119 0 0 0 119 86,~~759~~419,~~045~~603.35 0.00 0.00 0.00 86,~~759~~419,~~045~~603.35 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 119 0 0 0 119 86,~~759~~419,~~045~~603.35 0.00 0.00 0.00 86,~~759~~419,~~045~~603.35 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.~~791531~~477833% 0.000000% 0.000000% 0.000000% 1.~~791531~~477833% 21.~~451464~~810456% 0.000000% 0.000000% 0.000000% 21.~~451464~~810456% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.~~791531~~477833% 0.000000% 0.000000% 0.000000% 1.~~791531~~477833% 1.810456% 0.000000% 0.000000% 0.000000% 1.810456% 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 15 0 0 0 15 2,811,509.~~451464~~04 0.00 0.00 0.00 2,811,509.04 60 Days 2 0 0 0 2 417,533.54 0.00 0.00 0.00 417,533.54 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 17 0 0 0 17 3,229,042.58 0.00 0.00 0.00 3,229,042.58 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.986842% 0.000000% 0.000000% 0.000000% 0.986842% 1.041443% 0.000000% 0.000000% 0.000000% 1.041443% 60 Days 0.131579% 0.000000% 0.000000% 0.000000% 0.131579% 0.154663% 0.000000% 0.000000% 0.000000% 0.154663% 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 1.118421% 0.000000% 0.000000% 0.000000% 1.118421% 1.196107% 0.000000% 0.000000% 0.000000% 1.196107% 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 2 0 0 0 2 407,500.~~451464~~00 0.00 0.00 0.00 407,500.00 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 2 0 0 0 2 407,500.00 0.00 0.00 0.00 407,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.751880% 0.000000% 0.000000% 0.000000% 0.751880% 0.602840% 0.000000% 0.000000% 0.000000% 0.602840% 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 0.751880% 0.000000% 0.000000% 0.000000% 0.751880% 0.602840% 0.000000% 0.000000% 0.000000% 0.602840%

~~DELINQUENT~~OTHER ~~BANKRUPTCY~~INFORMATION ~~FORECLOSURE~~Current ~~REO~~Period ~~Total~~Class IIA NoInsufficient ofFunds ~~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~~Principal ~~0.00~~Balance ~~0.00~~of 30Contaminated ~~Days~~Properties 17 0 ~~0 0 17 2,666,239~~.~~45 0.~~00 ~~0.00~~Periodic ~~0.00~~Advance 227,~~666,239~~275.45 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%78

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Mixed ~~III~~ARM NoWeighted ofAverage ~~Loans~~Gross NoCoupon of3.546765% ~~Loans~~Weighted NoAverage ofNet ~~Loans~~Coupon No3.301336% ofWeighted ~~Loans~~Average NoPass-Through ofRate ~~Loans~~3.165365% ~~Principal~~Weighted ~~Balance~~Average ~~Principal~~Maturity(Stepdown ~~Balance~~Calculation ~~Principal~~) ~~Balance~~332 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~0-29~~Count ~~Days~~2,417 0Number 0Of 0Loans 0Paid ~~0.00~~In ~~0.00~~Full ~~0.00~~22 ~~0.00~~Ending 30Scheduled ~~Days~~Collateral 2Loan 0Count ~~0 0~~ 2 ~~271~~,~~750.00~~395 ~~0.00~~Beginning ~~0.00~~Scheduled ~~0.00~~Collateral ~~271~~Balance 698,~~750~~680,423.0036 60Ending ~~Days~~Scheduled 0Collateral 0Balance 0692,138,643.40 0Ending 0Actual ~~0.00~~Collateral ~~0.00~~Balance ~~0.00~~at ~~0.00~~30-Sep-2004 0692,144,268.0012 90Monthly ~~Days~~P 0&I 0Constant ~~0 0 0 0~~2,065,046.0033 ~~0.00~~Special ~~0.00~~Servicing ~~0.00~~Fee 0.00 ~~120~~Prepayment ~~Days~~Penalties 0 ~~0 0 0 0 0~~.00 ~~0.00~~Realized ~~0.00~~Loss ~~0.00~~Amount 0.00 ~~150~~Cumulative ~~Days~~Realized 0Loss 0 ~~0 0 0 0~~.00 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Balance ~~0.00~~for ~~180~~Premium ~~Days~~Loans ~~0 0 0 0 0 0~~692,138,643.0040 ~~0.00~~Scheduled ~~0.00~~Principal 0.00 ~~0.00~~Unscheduled ~~Totals~~Principal ~~2 0 0 0 2 271~~6,~~750.00 0.00 0.00 0.00 271~~541,~~750~~779.00 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 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 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.398506% 0.000000% 0.000000% 0.000000% 0.398506%96

~~OTHER~~Group ~~INFORMATION~~Level ~~Current~~Collateral ~~Period~~Statement ~~Class~~Group AI ~~Insufficient~~II ~~Funds~~III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.441312 3.656085 3.661317 Weighted Average Net Rate 3.159755 3.415409 3.586137 Weighted Average Maturity 336 325 329 Beginning Loan Count 614 1,535 268 Loans Paid In Full 5 15 2 Ending Loan Count 609 1,520 266 Beginning Scheduled Balance 357,290,803.69 273,197,306.39 68,192,313.28 Ending scheduled Balance 354,574,926.77 269,961,730.45 67,601,986.18 Record Date 09/30/2004 09/30/2004 09/30/2004 Principal And Interest Constant 1,024,624.37 832,360.54 208,061.42 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal ~~Balance~~2,715,876.92 of3,235,575.94 ~~Contaminated~~590,327.10 ~~Properties~~Scheduled Interest 1,024,624.37 832,360.54 208,061.42 Servicing Fees 83,831.50 54,793.47 4,272.29 Master Servicing Fees 744.37 569.19 142.07 Trustee Fee 0.00 ~~Periodic~~0.00 ~~Advance~~0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 28,188.91 32,~~835~~484.5488 17,037.81 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 911,859.59 744,513.00 186,609.25 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 3.062580 3.270221 3.283817

~~COLLATERAL~~Group ~~STATEMENT~~Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average ~~Gross~~ Coupon Rate 3.~~480574%~~546765 Weighted Average Net ~~Coupon 3.215121% Weighted Average Pass-Through~~ Rate 3.~~099223%~~301336 Weighted Average Maturity~~(Stepdown~~ ~~Calculation~~332 ~~) 333~~ Beginning ~~Scheduled Collateral~~ Loan Count 2,~~190~~417 ~~Number Of~~ Loans Paid In Full ~~(227)~~22 Ending ~~Scheduled Collateral~~ Loan Count 2,~~417~~395 Beginning Scheduled ~~Collateral~~ Balance ~~654~~698,~~197~~680,~~261~~423.6036 Ending ~~Scheduled~~scheduled ~~Collateral~~ Balance ~~698~~692,~~680~~138,~~423~~643.3640 ~~Ending~~Record ~~Actual~~Date ~~Collateral~~09/30/2004 ~~Balance~~Principal atAnd ~~31-Aug-2004~~Interest ~~698~~Constant 2,~~689~~065,~~613~~046.1933 ~~Monthly~~Scheduled PPrincipal &I0.00 ~~Constant~~Unscheduled Principal 6,541,779.96 Scheduled Interest 2,~~052~~065,~~767~~046.1433 ~~Special~~Servicing Fees 142,897.26 Master Servicing Fees 1,455.63 Trustee Fee 0.00 ~~Prepayment~~FRY ~~Penalties~~Amount 0.00 Special Hazard Fee 0.00 Other Fee 77,711.60 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,842,981.84 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 ~~Ending~~Percentage ~~Scheduled~~of ~~Balance~~Cumulative ~~for~~Losses ~~Premium~~0.0000 ~~Loans~~Prepayment ~~698,680,423~~Penalties 0.3600 ~~Scheduled~~Special ~~Principal~~Servicing Fee 0.00 ~~Unscheduled~~Pass-Through ~~Principal~~Rate ~~9,053,600~~3.98165365

~~Group~~Miscellaneous ~~Level~~Reporting ~~Collateral Statement~~ Group I ~~II III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted~~ Average ~~Coupon~~Loss ~~Rate~~Severity 30.~~378045~~000000% ~~3.575923~~Interest ~~3.638435~~Coverage ~~Weighted~~Ending ~~Average~~Balance ~~Net Rate 3~~0.~~082809~~00 ~~3.305490~~Interest ~~3.550945~~Coverage ~~Weighted~~Withdrawl ~~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 345,333,989~~0.6800 ~~244,235,138.84~~PreFunding ~~64,628,133.08~~ Ending ~~scheduled~~ Balance ~~357,290,803~~0.6900 ~~273,197,306.39~~PreFunding ~~68,192,313.28~~Withdrawl ~~Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 1,022,104~~0.2700 ~~818,941.39~~Subsequent ~~211,721.48~~Mortgage ~~Scheduled~~Loan ~~Principal~~Purchase 0.00 ~~0.00~~Senior 0Pencentage 91.00297364% ~~Unscheduled~~Senior ~~Principal~~Prepay ~~5,796,463.37~~Percentage ~~1,621,143~~100.29000000% ~~1,635,994.32~~Subordinate ~~Scheduled~~Percentage ~~Interest 1,022,104~~8.27702636% ~~818,941.39~~Subordinate ~~211,721.48~~Prepay ~~Servicing~~Percentage ~~Fees 84,962~~0.60000000% ~~55,041.06~~Group ~~4,711.95~~II ~~Master~~Average ~~Servicing~~Loss ~~Fees~~Severity ~~756~~0.42000000% ~~572.55~~Interest ~~145.47~~Coverage ~~Trustee~~End ~~Fee~~Balance 0.00 ~~0.00~~Interest Coverage Withdrawl 0.00 ~~FRY~~PreFunding ~~Amount~~Ending ~~0.00~~Balance 0.00 PreFunding Withdrawl 0.00 ~~Special~~Subsequent ~~Hazard~~Mortgage ~~Fee~~Loan ~~0.00~~Purchase 0.00 ~~0.00~~Senior ~~Other~~Pencentage ~~Fee 28,869~~91.22413305% ~~32,744.04~~Senior ~~17,109.39~~Prepay ~~Pool~~Percentage ~~Insurance~~100.000000% ~~Fee~~Subordinate ~~0.00~~Percentage 08.00586695% ~~0.00~~Subordinate ~~Spread~~Prepay ~~Fee~~Percentage 1 0.00000000% ~~0.00~~Group ~~0.00~~III ~~Spread~~Average ~~Fee~~Loss 2Severity 0.00000000% ~~0.00~~Interest ~~0.00~~Coverage ~~Spread~~End ~~Fee~~Balance 3 0.00 ~~0.00 0.00 Net~~ Interest ~~907,516.03~~Coverage ~~730,583.74~~Withdrawl ~~189,754~~0.6700 ~~Realized~~PreFunding ~~Loss~~Ending ~~Amount~~Balance 0.00 ~~0.00~~PreFunding Withdrawl 0.00 ~~Cumulative~~Subsequent ~~Realized~~Mortgage ~~Loss~~Loan ~~0.00~~Purchase 0.00 ~~0.00~~Senior ~~Percentage~~Pencentage of91.294119% ~~Cumulative~~Senior ~~Losses~~Prepay ~~0.0000~~Percentage 0100.~~0000~~000000% ~~0.0000~~Subordinate ~~Prepayment~~Percentage ~~Penalties 0~~8.00705881% ~~0.00~~Subordinate ~~0.00~~Prepay ~~Special~~Percentage ~~Servicing Fee~~ 0.~~00 0.00 0.00 Pass-Through Rate 2.999332 3.190108 3.260935~~000000%

Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 3.480574 Weighted Average Net Rate 3.215121 Weighted Average Maturity 333 Beginning Loan Count 2,190 Loans Paid In Full (227) Ending Loan Count 2,417 Beginning Scheduled Balance 654,197,261.60 Ending scheduled Balance 698,680,423.36 Record Date 08/31/2004 Principal And Interest Constant 2,052,767.14 Scheduled Principal 0.00 Unscheduled Principal 9,053,600.98 Scheduled Interest 2,052,767.14 Servicing Fees 144,715.61 Master Servicing Fees 1,474.44 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 78,722.65 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,827,854.44 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 3.099223

Miscellaneous Reporting Group I Average Loss Severity 0.000000% Interest Coverage Ending Balance 0.00 Interest Coverage Withdrawl 0.00 PreFunding Ending Balance 0.00 PreFunding Withdrawl 0.00 Subsequent Mortgage Loan Purchase 17,753,277.00 Senior Pencentage 91.436297% Senior Prepay Percentage 100.000000% Subordinate Percentage 8.563703% Subordinate Prepay Percentage 0.000000% Group II Average Loss Severity 0.000000% Interest Coverage End Balance 0.00 Interest Coverage Withdrawl 0.00 PreFunding Ending Balance 0.00 PreFunding Withdrawl 0.00 Subsequent Mortgage Loan Purchase 30,583,311.00 Senior Pencentage 91.463957% Senior Prepay Percentage 100.000000% Subordinate Percentage 8.536043% Subordinate Prepay Percentage 0.000000% Group III Average Loss Severity 0.000000% Interest Coverage End Balance 0.00 Interest Coverage Withdrawl 0.00 PreFunding Ending Balance 0.00 PreFunding Withdrawl 0.00 Subsequent Mortgage Loan Purchase 5,200,175.00 Senior Pencentage 91.498087% Senior Prepay Percentage 100.000000% Subordinate Percentage 8.501913% Subordinate Prepay Percentage 0.000000%

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