8-K 1 opt04002_nov.txt NOVEMBER 8K 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): November 26, 2004 OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-04 54-2151966 Pooling and Servicing Agreement) (Commission 54-2151967 (State or other File Number) 54-2151968 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 November 26, 2004 a distribution was made to holders of OPTION ONE MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2004-2 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-2 Trust, relating to the November 26, 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. OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-2 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-2 Trust, relating to the November 26, 2004 distribution. EX-99.1

Option One Mortgage Loan Trust ~~Asset~~Mortgage ~~Backed~~Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 OOMC Series: 2004-2 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-1A 68389FFB5 SEN 12.~~82500~~14250% ~~316~~297,~~655~~439,~~519~~362.0464 ~~529~~566,~~738~~456.3074 911,~~335~~191,~~460~~223.0800 A-1B 68389FFC3 SEN 12.~~85500~~17250% ~~188~~176,~~099~~684,~~152~~405.9662 ~~319~~341,~~846~~197.9322 56,~~545~~647,~~433~~790.5355 A-2 68389FFD1 SEN 12.~~72500~~04250% 7559,~~096~~269,~~619~~646.1312 ~~118~~107,~~746~~607.5334 78,~~590~~555,~~430~~181.7233 A-3 68389FFE9 SEN 12.~~82500~~14250% 159,710,000.00 ~~267~~304,~~181~~158.5282 0.00 A-4 68389FFF6 SEN 2.~~06500~~38250% 31,070,000.00 5865,~~812~~799.9236 0.00 M-1 68389FFG4 MEZ 2.~~14500~~46250% 58,000,000.00 ~~114~~126,~~042~~955.5056 0.00 M-2 68389FFH2 MEZ 2.~~66500~~98250% 47,500,000.00 ~~116~~125,~~038~~927.5478 0.00 M-3 68389FFJ8 MEZ 23.~~86500~~18250% 14,000,000.00 3639,~~767~~604.5044 0.00 M-4 68389FFK5 MEZ 3.~~41500~~73250% 10,000,000.00 3133,~~304~~177.1778 0.00 M-5 68389FFL3 MEZ 3.~~61500~~93250% 12,500,000.00 4143,~~421~~694.8844 0.00 M-6 68389FFM1 MEZ 45.~~91500~~23250% 10,000,000.00 4546,~~054~~511.1711 0.00 M-7 68389FFN9 MEZ 5.~~11500~~43250% 10,500,000.00 4950,~~231~~703.8833 0.00 C OPT04002C OC 0.00000% 12,500,000.00 32,~~086~~731,~~835~~937.5073 0.00 P OPT04002P pre-pay 0.00000% 100.00 ~~394~~456,~~207~~053.0218 0.00 R OPT0402R1 RES 0.00000% 0.00 0.00 0.00 Totals ~~945~~899,~~631~~173,~~391~~514.1338 5,~~209~~039,~~229~~784.3683 2226,~~471~~394,~~324~~194.3388

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1A 0.00 ~~307~~286,~~320~~248,~~058~~139.9764 911,~~865~~757,~~198~~679.3874 0.00 A-1B 0.00 ~~182~~170,~~553~~036,~~719~~615.4307 56,~~865~~988,~~280~~987.4677 0.00 A-2 0.00 6750,~~506~~714,~~188~~464.4179 78,~~709~~662,~~177~~788.2567 0.00 A-3 0.00 159,710,000.00 ~~267~~304,~~181~~158.5282 0.00 A-4 0.00 31,070,000.00 5865,~~812~~799.9236 0.00 M-1 0.00 58,000,000.00 ~~114~~126,~~042~~955.5056 0.00 M-2 0.00 47,500,000.00 ~~116~~125,~~038~~927.5478 0.00 M-3 0.00 14,000,000.00 3639,~~767~~604.5044 0.00 M-4 0.00 10,000,000.00 3133,~~304~~177.1778 0.00 M-5 0.00 12,500,000.00 4143,~~421~~694.8844 0.00 M-6 0.00 10,000,000.00 4546,~~054~~511.1711 0.00 M-7 0.00 10,500,000.00 4950,~~231~~703.8833 0.00 C 0.00 12,500,000.00 32,~~086~~731,~~835~~937.5073 0.00 P 0.00 100.00 ~~394~~456,~~207~~053.0218 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~923~~872,~~160~~779,~~066~~319.8150 2731,~~680~~433,~~553~~979.6971 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-1A 336,690,000.00 ~~316~~297,~~655~~439,~~519~~362.0464 0.00 911,~~335~~191,~~460~~223.0800 0.00 0.00 A-1B 200,000,000.00 ~~188~~176,~~099~~684,~~152~~405.9662 0.00 56,~~545~~647,~~433~~790.5355 0.00 0.00 A-2 97,530,000.00 7559,~~096~~269,~~619~~646.1312 0.00 78,~~590~~555,~~430~~181.7233 0.00 0.00 A-3 159,710,000.00 159,710,000.00 0.00 0.00 0.00 0.00 A-4 31,070,000.00 31,070,000.00 0.00 0.00 0.00 0.00 M-1 58,000,000.00 58,000,000.00 0.00 0.00 0.00 0.00 M-2 47,500,000.00 47,500,000.00 0.00 0.00 0.00 0.00 M-3 14,000,000.00 14,000,000.00 0.00 0.00 0.00 0.00 M-4 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 M-5 12,500,000.00 12,500,000.00 0.00 0.00 0.00 0.00 M-6 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 M-7 10,500,000.00 10,500,000.00 0.00 0.00 0.00 0.00 C 12,499,988.84 12,500,000.00 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 1,000,000,088.84 ~~945~~899,~~631~~173,~~391~~514.1338 0.00 2226,~~471~~394,~~324~~194.3388 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-1A 911,~~335~~191,~~460~~223.0800 ~~307~~286,~~320~~248,~~058~~139.9764 0.~~91276860~~85018308 911,~~335~~191,~~460~~223.0800 A-1B 56,~~545~~647,~~433~~790.5355 ~~182~~170,~~553~~036,~~719~~615.4307 0.~~91276860~~85018308 56,~~545~~647,~~433~~790.5355 A-2 78,~~590~~555,~~430~~181.7233 6750,~~506~~714,~~188~~464.4179 0.~~69215819~~51998836 78,~~590~~555,~~430~~181.7233 A-3 0.00 159,710,000.00 1.00000000 0.00 A-4 0.00 31,070,000.00 1.00000000 0.00 M-1 0.00 58,000,000.00 1.00000000 0.00 M-2 0.00 47,500,000.00 1.00000000 0.00 M-3 0.00 14,000,000.00 1.00000000 0.00 M-4 0.00 10,000,000.00 1.00000000 0.00 M-5 0.00 12,500,000.00 1.00000000 0.00 M-6 0.00 10,000,000.00 1.00000000 0.00 M-7 0.00 10,500,000.00 1.00000000 0.00 C 0.00 12,500,000.00 1.00000089 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 2226,~~471~~394,~~324~~194.3388 ~~923~~872,~~160~~779,~~066~~319.8150 0.~~92315998~~87277924 2226,~~471~~394,~~324~~194.3388

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 336,690,000.00 ~~940~~883.~~49576477~~42202810 0.00000000 2733.~~72716766~~23895275 0.00000000 A-1B 200,000,000.00 ~~940~~883.~~49576480~~42202810 0.00000000 2733.~~72716765~~23895275 0.00000000 A-2 97,530,000.00 ~~769~~607.~~98481626~~70681965 0.00000000 7787.~~82662483~~71845924 0.00000000 A-3 159,710,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 31,070,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 58,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 47,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 14,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 12,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 10,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 12,499,988.84 1000.00089280 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-1A 0.00000000 2733.~~72716766~~23895275 ~~912~~850.~~76859714~~18307535 0.~~91276860~~85018308 2733.~~72716766~~23895275 A-1B 0.00000000 2733.~~72716765~~23895275 ~~912~~850.~~76859715~~18307535 0.~~91276860~~85018308 2733.~~72716765~~23895275 A-2 0.00000000 7787.~~82662483~~71845924 ~~692~~519.~~15819143~~98836040 0.~~69215819~~51998836 7787.~~82662483~~71845924 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 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 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00089280 1.00000089 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-1A 336,690,000.00 12.~~82500~~14250% ~~316~~297,~~655~~439,~~519~~362.0464 ~~529~~566,~~738~~456.3074 0.00 0.00 A-1B 200,000,000.00 12.~~85500~~17250% ~~188~~176,~~099~~684,~~152~~405.9662 ~~319~~341,~~846~~197.9322 0.00 0.00 A-2 97,530,000.00 12.~~72500~~04250% 7559,~~096~~269,~~619~~646.1312 ~~118~~107,~~746~~607.5334 0.00 0.00 A-3 159,710,000.00 12.~~82500~~14250% 159,710,000.00 ~~267~~304,~~181~~158.5282 0.00 0.00 A-4 31,070,000.00 2.~~06500~~38250% 31,070,000.00 5865,~~812~~799.9236 0.00 0.00 M-1 58,000,000.00 2.~~14500~~46250% 58,000,000.00 ~~114~~126,~~042~~955.5056 0.00 0.00 M-2 47,500,000.00 2.~~66500~~98250% 47,500,000.00 ~~116~~125,~~038~~927.5478 0.00 0.00 M-3 14,000,000.00 23.~~86500~~18250% 14,000,000.00 3639,~~767~~604.5044 0.00 0.00 M-4 10,000,000.00 3.~~41500~~73250% 10,000,000.00 3133,~~304~~177.1778 0.00 0.00 M-5 12,500,000.00 3.~~61500~~93250% 12,500,000.00 4143,~~421~~694.8844 0.00 0.00 M-6 10,000,000.00 45.~~91500~~23250% 10,000,000.00 4546,~~054~~511.1711 0.00 0.00 M-7 10,500,000.00 5.~~11500~~43250% 10,500,000.00 4950,~~231~~703.8833 0.00 0.00 C 12,499,988.84 0.00000% 12,500,000.00 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 1,000,000,088.84 1,~~728~~851,~~186~~793.8492 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-1A 0.00 0.00 ~~529~~566,~~738~~456.3074 0.00 ~~307~~286,~~320~~248,~~058~~139.9764 A-1B 0.00 0.00 ~~319~~341,~~846~~197.9322 0.00 ~~182~~170,~~553~~036,~~719~~615.4307 A-2 0.00 0.00 ~~118~~107,~~746~~607.5334 0.00 6750,~~506~~714,~~188~~464.4179 A-3 0.00 0.00 ~~267~~304,~~181~~158.5282 0.00 159,710,000.00 A-4 0.00 0.00 5865,~~812~~799.9236 0.00 31,070,000.00 M-1 0.00 0.00 ~~114~~126,~~042~~955.5056 0.00 58,000,000.00 M-2 0.00 0.00 ~~116~~125,~~038~~927.5478 0.00 47,500,000.00 M-3 0.00 0.00 3639,~~767~~604.5044 0.00 14,000,000.00 M-4 0.00 0.00 3133,~~304~~177.1778 0.00 10,000,000.00 M-5 0.00 0.00 4143,~~421~~694.8844 0.00 12,500,000.00 M-6 0.00 0.00 4546,~~054~~511.1711 0.00 10,000,000.00 M-7 0.00 0.00 4950,~~231~~703.8833 0.00 10,500,000.00 C 0.00 0.00 32,~~086~~731,~~835~~937.5073 0.00 12,500,000.00 P 0.00 0.00 ~~394~~456,~~207~~053.0218 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 5,~~209~~039,~~229~~784.3683 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-1A 336,690,000.00 12.~~82500~~14250% ~~940~~883.~~49576477~~42202810 1.~~57337105~~68242817 0.00000000 0.00000000 A-1B 200,000,000.00 12.~~85500~~17250% ~~940~~883.~~49576480~~42202810 1.~~59923465~~70598610 0.00000000 0.00000000 A-2 97,530,000.00 12.~~72500~~04250% ~~769~~607.~~98481626~~70681965 1.~~21753850~~10332554 0.00000000 0.00000000 A-3 159,710,000.00 12.~~82500~~14250% 1000.00000000 1.~~67291666~~90444443 0.00000000 0.00000000 A-4 31,070,000.00 2.~~06500~~38250% 1000.00000000 12.~~89291664~~11777792 0.00000000 0.00000000 M-1 58,000,000.00 2.~~14500~~46250% 1000.00000000 12.~~96625000~~18888897 0.00000000 0.00000000 M-2 47,500,000.00 2.~~66500~~98250% 1000.00000000 2.~~44291663~~65111116 0.00000000 0.00000000 M-3 14,000,000.00 23.~~86500~~18250% 1000.00000000 2.~~62625000~~82888857 0.00000000 0.00000000 M-4 10,000,000.00 3.~~41500~~73250% 1000.00000000 3.~~13041700~~31777800 0.00000000 0.00000000 M-5 12,500,000.00 3.~~61500~~93250% 1000.00000000 3.~~31375040~~49555520 0.00000000 0.00000000 M-6 10,000,000.00 45.~~91500~~23250% 1000.00000000 4.~~50541700~~65111100 0.00000000 0.00000000 M-7 10,500,000.00 5.~~11500~~43250% 1000.00000000 4.~~68875048~~82888857 0.00000000 0.00000000 C 12,499,988.84 0.00000% 1000.00089280 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-1A 0.00000000 0.00000000 1.~~57337105~~68242817 0.00000000 ~~912~~850.~~76859714~~18307535 A-1B 0.00000000 0.00000000 1.~~59923465~~70598610 0.00000000 ~~912~~850.~~76859715~~18307535 A-2 0.00000000 0.00000000 1.~~21753850~~10332554 0.00000000 ~~692~~519.~~15819143~~98836040 A-3 0.00000000 0.00000000 1.~~67291666~~90444443 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 12.~~89291664~~11777792 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 12.~~96625000~~18888897 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~44291663~~65111116 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 2.~~62625000~~82888857 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~13041700~~31777800 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~31375040~~49555520 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.~~50541700~~65111100 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 4.~~68875048~~82888857 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~246~~218.~~94706047~~55521353 0.00000000 1000.00089280 P 0.00000000 0.00000000 ~~3942070~~4560531.~~20000000~~80000000 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 2731,~~808~~458,~~984~~646.1484 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (~~18,800~~661.7891) Prepayment Penalties ~~394~~456,~~207~~053.0218 Total Deposits 2831,~~184~~914,~~390~~038.3811 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee ~~503~~480,~~836~~058.7040 Payment of Interest and Principal 2731,~~680~~433,~~553~~979.6871 Total Withdrawals (Pool Distribution Amount) 2831,~~184~~914,~~390~~038.3811 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~236~~224,~~407~~793.8248 PMI Mortgage Company ~~265~~253,~~064~~016.7796 Trustee Fee 2,~~364~~247.1196 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~503~~480,~~836~~058.7040

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 119 01 0 1110 1816,~~185,937~~850.2472 0297,709.0094 0.00 1,~~185~~114,~~937~~560.2466 30 Days ~~100~~108 02 31 0 ~~103~~111 1716,~~187~~135,~~683~~463.2116 0268,155.0012 ~~565~~160,~~800~~302.5758 0.00 1716,~~753~~563,~~483~~920.7886 60 Days 3928 31 820 0 5049 64,~~005~~631,~~122~~474.59 ~~503~~561,~~807~~326.7720 13,~~063~~462,~~905~~602.2180 0.00 78,~~572~~655,~~835~~403.5759 90 Days 2138 916 6989 14 ~~100~~147 36,~~193~~359,~~265~~021.2404 12,~~400~~898,~~204~~297.7145 912,~~348~~739,~~892~~420.5814 87542,~~084~~787.8142 1422,~~029~~539,~~447~~526.3405 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 ~~160~~174 2328 80111 14 ~~264~~317 2627,~~386~~125,~~071~~958.0479 34,~~089~~544,~~949~~629.7249 1016,~~978~~660,~~598~~035.3646 87542,~~084~~787.8142 4048,~~541~~873,~~703~~411.9316 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.~~210164~~180723% 0.~~000000~~020080% 0.000000% 0.~~210164~~200803% 0.~~128418~~093549% 0.~~000000~~034095% 0.000000% 0.~~128418~~127644% 30 Days 12.~~910585~~168675% 0.~~000000~~040161% 0.~~057318~~020080% 0.000000% 12.~~967902~~228916% 1.~~861144~~847894% 0.~~000000~~030710% 0.~~061267~~018358% 0.000000% 1.~~922411~~896962% 60 Days 0.~~745128~~562249% 0.~~057318~~020080% 0.~~152847~~401606% 0.000000% 0.~~955292~~983936% 0.~~650256~~530414% 0.~~054554~~064285% 0.~~115203~~396550% 0.000000% 0.~~820014~~991249% 90 Days 0.~~401223~~763052% 0.~~171953~~321285% 1.~~318303~~787149% 0.~~019106~~080321% 12.~~910585~~951807% 0.~~345778~~728259% 0.~~151619~~331924% 1.~~012332~~458966% 0.~~009430~~062162% 12.~~519159~~581311% 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.~~056935~~493976% 0.~~439434~~562249% 12.~~528468~~228916% 0.~~019106~~080321% 56.~~043943~~365462% 23.~~857179~~106567% 0.~~334591~~520468% 1.~~188802~~907970% 0.~~009430~~062162% 45.~~390002~~597166%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 21 0 0 21 ~~160~~107,~~325~~477.0032 0.00 0.00 ~~160~~107,~~325~~477.0032 30 Days 1219 0 0 0 1219 1,~~821~~948,~~840~~657.1204 0.00 0.00 0.00 1,~~821~~948,~~840~~657.1204 60 Days 63 10 0 0 73 ~~766~~338,~~651~~213.5774 ~~143,504~~0.9700 0.00 0.00 ~~910~~338,~~156~~213.5474 90 Days 13 02 1114 01 1220 ~~105~~205,~~301~~770.1483 0445,678.0019 1,~~145~~834,~~075~~101.0511 049,970.0093 12,~~250~~535,~~376~~521.1906 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 1925 3 1114 01 3343 2,~~693~~492,~~792~~641.8361 ~~303~~553,~~829~~155.9751 1,~~145~~834,~~075~~101.0511 049,970.0093 4,~~142~~929,~~697~~869.8516 0-29 Days 0.~~183993~~094877% 0.000000% 0.000000% 0.~~183993~~094877% 0.~~101690~~070805% 0.000000% 0.000000% 0.~~101690~~070805% 30 Days 1.~~103956~~802657% 0.000000% 0.000000% 0.000000% 1.~~103956~~802657% 1.~~155546~~283749% 0.000000% 0.000000% 0.000000% 1.~~155546~~283749% 60 Days 0.~~551978~~284630% 0.~~091996~~000000% 0.000000% 0.000000% 0.~~643974~~284630% 0.~~486267~~222811% 0.~~091021~~000000% 0.000000% 0.000000% 0.~~577289~~222811% 90 Days 0.~~091996~~284630% 0.~~000000~~189753% 1.~~011960~~328273% 0.~~000000~~094877% 1.~~103956~~897533% 0.~~066790~~135559% 0.~~000000~~293607% 01.~~726292~~208281% 0.~~000000~~032920% 01.~~793081~~670367% 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 12.~~747930~~371917% 0.~~275989~~284630% 1.~~011960~~328273% 0.~~000000~~094877% 34.~~035879~~079696% 1.~~708603~~642118% 0.~~192712~~364411% 01.~~726292~~208281% 0.~~000000~~032920% 23.~~627606~~247731% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 45 01 0 46 ~~563~~512,~~092~~370.7222 0297,709.0094 0.00 ~~563~~810,~~092~~080.7216 30 Days 5855 02 31 0 6158 98,~~392~~254,~~579~~611.8765 0268,155.0012 ~~565~~160,~~800~~302.5758 0.00 98,~~958~~683,~~380~~069.4435 60 Days 2116 20 513 0 2829 32,~~032~~762,~~926~~818.7826 ~~360,302~~0.8000 ~~716~~2,~~192~~378,535.9667 0.00 45,~~109~~141,~~422~~353.5493 90 Days 1018 48 3547 1 5074 13,~~534~~108,~~390~~973.6202 ~~466~~1,~~680~~211,394.7565 46,~~608~~349,~~406~~968.8051 87,~~084~~414.8119 610,~~696~~757,~~562~~750.9837 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 89 1015 4362 1 ~~143~~167 1314,~~959~~126,~~897~~402.2793 1,~~390~~991,~~076~~919.2799 59,~~890~~186,~~400~~516.3370 87,~~084~~414.8119 2125,~~327~~392,~~458~~253.6881 0-29 Days 0.~~150773~~199124% 0.~~000000~~039825% 0.000000% 0.~~150773~~238949% 0.~~126120~~122345% 0.~~000000~~071088% 0.000000% 0.~~126120~~193432% 30 Days 2.~~186204~~190362% 0.~~000000~~079650% 0.~~113080~~039825% 0.000000% 2.~~299284~~309837% 21.~~103732~~971051% 0.~~000000~~064031% 0.~~126727~~038277% 0.000000% 2.~~230459~~073359% 60 Days 0.~~791557~~637196% 0.~~075386~~000000% 0.~~188466~~517722% 0.000000% 1.~~055409~~154918% 0.~~679309~~659711% 0.~~080700~~000000% 0.~~160411~~567951% 0.000000% 01.~~920420~~227662% 90 Days 0.~~376932~~716846% 0.~~150773~~318598% 1.~~319261~~871764% 0.~~037693~~039825% 12.~~884659~~947033% 0.~~343670~~742366% 0.~~104526~~289259% 1.~~032182~~516257% 0.~~019505~~020873% 12.~~499883~~568755% 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.~~354693~~544405% 0.~~376932~~597372% 12.~~620807~~469136% 0.~~037693~~039825% 56.~~390124~~650737% 3.~~126710~~373128% 0.~~311347~~475634% 12.~~319320~~193573% 0.~~019505~~020873% 46.~~776882~~063209% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 ~~118~~117,~~015~~934.9852 0.00 0.00 ~~118~~117,~~015~~934.9852 30 Days 713 0 0 0 713 ~~677~~1,~~942~~637,597.0148 0.00 0.00 0.00 ~~677~~1,~~942~~637,597.0148 60 Days 4 0 10 0 54 ~~268~~417,~~079~~374.7579 0.00 ~~57,637~~0.4200 0.00 ~~325~~417,~~717~~374.1779 90 Days 03 0 54 0 57 0197,467.0083 0.00 ~~806~~420,~~304~~437.1521 0.00 ~~806~~617,~~304~~905.1504 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 1120 2 64 0 1926 ~~946~~2,~~021~~252,440.7610 ~~118~~117,~~015~~934.9852 ~~863~~420,~~941~~437.5721 0.00 12,~~927~~790,~~979~~811.3183 0-29 Days 0.~~389105~~408163% 0.000000% 0.000000% 0.~~389105~~408163% 0.~~144818~~150735% 0.000000% 0.000000% 0.~~144818~~150735% 30 Days 12.~~361868~~653061% 0.000000% 0.000000% 0.000000% 12.~~361868~~653061% 02.~~831906~~093054% 0.000000% 0.000000% 0.000000% 02.~~831906~~093054% 60 Days 0.~~778210~~816327% 0.000000% 0.~~194553~~000000% 0.000000% 0.~~972763~~816327% 0.~~328962~~533457% 0.000000% 0.~~070727~~000000% 0.000000% 0.~~399689~~533457% 90 Days 0.~~000000~~612245% 0.000000% 0.~~972763~~816327% 0.000000% 01.~~972763~~428571% 0.~~000000~~252389% 0.000000% 0.~~989420~~537371% 0.000000% 0.~~989420~~789760% 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 24.~~140078~~081633% 0.~~389105~~408163% 10.~~167315~~816327% 0.000000% 35.~~696498~~306122% 12.~~160868~~878900% 0.~~144818~~150735% 10.~~060147~~537371% 0.000000% 23.~~365833~~567007% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 31 0 0 31 ~~344~~79,~~503~~068.5466 0.00 0.00 ~~344~~79,~~503~~068.5466 30 Days 2321 0 0 0 2321 54,~~295~~294,~~321~~596.2199 0.00 0.00 0.00 54,~~295~~294,~~321~~596.2199 60 Days 85 01 27 0 1013 1,~~937~~113,~~464~~067.4980 0561,326.0020 ~~290~~1,~~074~~084,067.8313 0.00 2,~~227~~758,~~539~~461.3213 90 Days 1014 56 1824 02 3346 12,~~553~~846,~~573~~809.4836 ~~933~~1,~~523~~241,224.9661 24,~~789~~134,~~106~~913.5831 0405,402.0030 58,~~276~~628,~~204~~349.0258 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 4140 8 2031 02 6981 8,~~786~~254,~~359~~474.1815 1,~~278~~881,~~027~~619.5047 35,~~079~~218,~~181~~980.4144 0405,402.0030 1315,~~143~~760,~~568~~476.0936 0-29 Days 0.~~306122~~108108% 0.000000% 0.000000% 0.~~306122~~108108% 0.~~144825~~035243% 0.000000% 0.000000% 0.~~144825~~035243% 30 Days 2.~~346939~~270270% 0.000000% 0.000000% 0.000000% 2.~~346939~~270270% 21.~~226091~~914196% 0.000000% 0.000000% 0.000000% 21.~~226091~~914196% 60 Days 0.~~816327~~540541% 0.~~000000~~108108% 0.~~204082~~756757% 0.000000% 1.~~020408~~405405% 0.~~814487~~496119% 0.~~000000~~250195% 0.~~121944~~483193% 0.000000% 01.~~936431~~229507% 90 Days 1.~~020408~~513514% 0.~~510204~~648649% 12.~~836735~~594595% 0.~~000000~~216216% 34.~~367347~~972973% 01.~~653104~~268886% 0.~~392443~~553241% 1.~~172508~~843022% 0.~~000000~~180697% 23.~~218054~~845845% 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.~~183673~~324324% 0.~~816327~~864865% 23.~~040816~~351351% 0.~~000000~~216216% 78.~~040816~~756757% 3.~~693682~~679201% 0.~~537268~~838679% 12.~~294452~~326214% 0.~~000000~~180697% 57.~~525402~~024791%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~461~~518,~~804~~124.1306 Class M-1 117,000,088.84 11.70000784% 117,000,100.00 1213.~~67386927~~40546200% 6.~~282767~~645437% 0.000000% Class M-2 69,500,088.84 6.95000827% 69,500,100.00 7.~~52849939~~96307823% 5.~~145370~~442384% 0.000000% Class M-3 55,500,088.84 5.55000839% 55,500,100.00 6.~~01196932~~35900723% 1.~~516530~~604071% 0.000000% Class M-4 45,500,088.84 4.55000848% 45,500,100.00 45.~~92873356~~21324222% 1.~~083236~~145765% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 6.~~773390~~758614% Weighted Average Net Coupon 6.~~473390~~458614% Weighted Average Pass-Through Rate 6.~~134024~~117948% Weighted Average Maturity(Stepdown Calculation ) ~~350~~353 Beginning Scheduled Collateral Loan Count 5,~~345~~113 Number Of Loans Paid In Full ~~111~~133 Ending Scheduled Collateral Loan Count 54,~~234~~980 Beginning Scheduled Collateral Balance ~~945~~899,~~631~~173,~~391~~514.1338 Ending Scheduled Collateral Balance ~~923~~872,~~160~~779,~~066~~319.8051 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~923~~873,~~500~~181,~~821~~306.6299 Monthly P &I Constant 65,~~171~~863,~~311~~021.0713 Special Servicing Fee 0.00 Prepayment Penalties ~~394~~456,~~207~~053.0218 Realized Loss Amount ~~18,800~~661.7891 Cumulative Realized Loss 1819,~~800~~462.7869 Ending Scheduled Balance for Premium Loans 872,779,319.51 Scheduled Principal ~~833~~798,~~702~~715.5567 Unscheduled Principal 2125,~~637~~595,~~621~~479.7820

Credit Enhancement: 1819.~~50615~~4623170% Trigger Event: Not Triggered In Effect Since: N/A Comments: N/A Stepdown Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal - Voluntary 2125,~~637~~532,~~621~~771.7859 Unscheduled Principal - Involuntary 0062,707.0061 Other Income 51146.3822 Delinquency Cut-Off Balance ~~935~~884,~~871~~892,~~746~~696.7991

Miscellaneous Reporting General Excess Available Amt 32,~~105~~732,~~636~~599.3458 Extra Principal Distribution Amt ~~18,800~~661.7891 Overcollateralization Amt 12,500,000.00 Overcollateralization Deficit Amt 0661.0091 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Specified Overcollateralization Amt 12,500,000.00 Stepdown FALSE Trigger Event FALSE

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~178508~~171486 6.~~634695~~615157 7.~~267880~~251337 Weighted Average Net Rate 6.~~878508~~871486 6.~~334695~~315157 6.~~967882~~951337 Weighted Average Maturity ~~356~~358 ~~356~~358 ~~356~~358 Beginning Loan Count 1,~~102~~070 2,~~716~~587 ~~521~~502 Loans Paid In Full 1516 6376 712 Ending Loan Count 1,~~087~~054 2,~~653~~511 ~~514~~490 Beginning Scheduled Balance ~~160~~154,~~386~~575,~~094~~216.8639 ~~458~~433,~~415~~588,~~233~~857.6883 8279,~~237~~446,~~867~~620.5204 Ending scheduled Balance ~~157~~151,~~618~~736,~~236~~583.3882 ~~446~~418,~~295~~588,~~847~~924.9722 8178,~~471~~216,~~572~~265.8821 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 1,~~119~~080,~~043~~150.1558 2,~~930~~767,~~159~~485.3108 ~~578~~556,~~496~~586.2077 Scheduled Principal ~~159~~156,~~599~~372.0722 ~~395~~377,~~621~~269.7177 8076,~~417~~508.0826 Unscheduled Principal 2,~~608~~682,~~259~~260.4135 1114,~~723~~622,~~764~~663.0084 ~~685~~1,~~877~~153,846.5657 Scheduled Interest ~~959~~923,~~444~~778.0836 2,~~534~~390,~~537~~215.6031 ~~498~~480,~~079~~078.1251 Servicing Fees 4038,~~096~~643.5985 ~~114~~108,~~603~~397.7923 2019,~~559~~861.4365 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~400~~386.8946 1,~~146~~083.0897 ~~205~~198.6160 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 3736,~~853~~572.4030 ~~144~~139,~~512~~350.1076 14,~~040~~014.5730 Net Interest ~~919~~885,~~347~~134.5647 2,~~419~~281,~~933~~817.9199 ~~477~~460,~~519~~216.7989 Realized Loss Amount 0.00 ~~18,800~~0.7800 0.00 Cumulative Realized Loss 0.00 18,800.78 0.00 Percentage of Cumulative Losses 0.0000 0.0039 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.~~592290~~584568 5.~~953402~~926490 6.~~760005~~736659

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~601426~~582576 6.~~773390~~758614 Weighted Average Net Rate 6.~~301426~~282576 6.~~473390~~458614 Weighted Average Maturity ~~356~~358 ~~350~~353 Beginning Loan Count ~~1,006~~954 5,~~345~~113 Loans Paid In Full 2629 ~~111~~133 Ending Loan Count ~~980~~925 54,~~234~~980 Beginning Scheduled Balance ~~244~~231,~~592~~562,~~195~~820.0712 ~~945~~899,~~631~~173,~~391~~514.1338 Ending scheduled Balance 224,237,~~774,409~~546.5726 ~~923~~872,~~160~~779,~~066~~319.8051 Record Date 0810/31/2004 0810/31/2004 Principal And Interest Constant 1,~~543~~458,~~612~~798.4170 65,~~171~~863,~~311~~021.0713 Scheduled Principal ~~198~~188,~~064~~565.6942 ~~833~~798,~~702~~715.5567 Unscheduled Principal 67,~~619~~136,~~720~~708.8144 2125,~~637~~595,~~621~~479.7820 Scheduled Interest 1,~~345~~270,~~547~~233.7228 5,~~337~~064,~~608~~305.5246 Servicing Fees 6157,~~148~~890.0175 ~~236~~224,~~407~~793.8248 Master Servicing Fees 0.00 0.00 Trustee Fee ~~611~~578.5393 2,~~364~~247.1196 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 6863,~~658~~079.7060 ~~265~~253,~~064~~016.7796 Net Interest 1,~~284~~212,~~399~~342.7142 54,~~101~~839,~~200~~511.9777 Realized Loss Amount 0661.0091 ~~18,800~~661.7891 Cumulative Realized Loss 0661.0091 1819,~~800~~462.7869 Percentage of Cumulative Losses 0.~~0000~~0003 0.~~0019~~0020 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~961577~~952686 6.~~134024~~117948

Filing Compare · OPTION ONE MORTGAGE ACCEPTANCE LOAN TRUST 2004-2