8-K 1 ace04in1_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 ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110039-08 54-2152473 Pooling and Servicing Agreement) (Commission 54-2152474 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of ACE SECURITIES CORP. HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the 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. ACE SECURITIES CORP. HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-IN1 Trust, relating to the November 26, 2004 distribution. EX-99.1

ACE Securities Corporation ~~Home Equity Loan Trust~~ Asset -Backed Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 ACE Series: 2004-IN1 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 004421FD0 SEN 12.~~93500~~25250% ~~195~~180,~~388~~935,~~171~~776.9836 ~~346~~362,~~569~~273.7763 7,~~672~~829,~~857~~577.8617 A-2A 004421FE8 SEN 12.~~76500~~08250% 2319,~~999~~512,~~454~~617.8285 3836,~~829~~120.1202 12,~~772~~324,~~191~~101.4879 A-2B 004421FF5 SEN 2.~~06500~~38250% 19,326,000.00 3640,~~582~~928.5117 0.00 M-1 004421FG3 MEZ 2.~~26500~~58250% 18,660,000.00 3842,~~742~~835.8207 0.00 M-2 004421FH1 MEZ 23.~~86500~~18250% 13,792,000.00 3639,~~221~~016.2404 0.00 M-3 004421FJ7 MEZ 3.~~11500~~43250% 4,056,000.00 1112,~~581~~375.5731 0.00 M-4 004421FK4 MEZ 34.~~71500~~03250% 4,056,000.00 1314,~~812~~538.3751 0.00 M-5 004421FL2 MEZ 4.~~11500~~43250% 2,434,000.00 9,~~181~~589.2596 0.00 M-6 004421FM0 MEZ 5.~~11500~~43250% 2,434,000.00 11,~~412~~753.4252 0.00 B 004421FN8 SUB 5.~~11500~~43250% 5,679,000.00 2627,~~627~~423.4126 0.00 CE 111290490 JUN 0.00000% 7,139,368.04 1,~~139~~007,~~611~~363.7007 0.00 P 111290482 SEN 0.00000% 100.00 ~~137~~189,~~783~~984.9006 0.00 R 111290508 SEN 0.00000% 0.00 0.00 0.00 Totals ~~296~~278,~~964~~024,~~094~~862.8425 1,~~846~~794,~~956~~200.0862 910,~~445~~153,~~049~~678.3496

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~187~~173,~~715~~106,~~314~~199.1119 8,~~019~~191,~~427~~850.6380 0.00 A-2A 0.00 2217,~~227~~188,~~263~~516.3506 12,~~811~~360,~~020~~221.6081 0.00 A-2B 0.00 19,326,000.00 3640,~~582~~928.5117 0.00 M-1 0.00 18,660,000.00 3842,~~742~~835.8207 0.00 M-2 0.00 13,792,000.00 3639,~~221~~016.2404 0.00 M-3 0.00 4,056,000.00 1112,~~581~~375.5731 0.00 M-4 0.00 4,056,000.00 1314,~~812~~538.3751 0.00 M-5 0.00 2,434,000.00 9,~~181~~589.2596 0.00 M-6 0.00 2,434,000.00 11,~~412~~753.4252 0.00 B 0.00 5,679,000.00 2627,~~627~~423.4126 0.00 CE 0.00 7,139,368.04 1,~~139~~007,~~611~~363.7007 0.00 P 0.00 100.00 ~~137~~189,~~783~~984.9006 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~287~~267,~~519~~871,~~045~~183.5029 11,~~292~~947,~~005~~879.4258 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 214,890,000.00 ~~195~~180,~~388~~935,~~171~~776.9836 0.00 7,~~672~~829,~~857~~577.8617 0.00 0.00 A-2A 32,050,000.00 2319,~~999~~512,~~454~~617.8285 0.00 12,~~772~~324,~~191~~101.4879 0.00 0.00 A-2B 19,326,000.00 19,326,000.00 0.00 0.00 0.00 0.00 M-1 18,660,000.00 18,660,000.00 0.00 0.00 0.00 0.00 M-2 13,792,000.00 13,792,000.00 0.00 0.00 0.00 0.00 M-3 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-4 4,056,000.00 4,056,000.00 0.00 0.00 0.00 0.00 M-5 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 M-6 2,434,000.00 2,434,000.00 0.00 0.00 0.00 0.00 B 5,679,000.00 5,679,000.00 0.00 0.00 0.00 0.00 CE 7,139,629.00 7,139,368.04 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 324,516,729.00 ~~296~~278,~~964~~024,~~094~~862.8425 0.00 910,~~445~~153,~~049~~678.3496 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 7,~~672~~829,~~857~~577.8617 ~~187~~173,~~715~~106,~~314~~199.1119 0.~~87354141~~80555726 7,~~672~~829,~~857~~577.8617 A-2A 12,~~772~~324,~~191~~101.4879 2217,~~227~~188,~~263~~516.3506 0.~~69351836~~53630315 12,~~772~~324,~~191~~101.4879 A-2B 0.00 19,326,000.00 1.00000000 0.00 M-1 0.00 18,660,000.00 1.00000000 0.00 M-2 0.00 13,792,000.00 1.00000000 0.00 M-3 0.00 4,056,000.00 1.00000000 0.00 M-4 0.00 4,056,000.00 1.00000000 0.00 M-5 0.00 2,434,000.00 1.00000000 0.00 M-6 0.00 2,434,000.00 1.00000000 0.00 B 0.00 5,679,000.00 1.00000000 0.00 CE 0.00 7,139,368.04 0.99996345 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 910,~~445~~153,~~049~~678.3496 ~~287~~267,~~519~~871,~~045~~183.5029 0.~~88599144~~82544645 910,~~445~~153,~~049~~678.3496

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 214,890,000.00 ~~909~~841.~~24739160~~99253739 0.00000000 3536.~~70597915~~43527931 0.00000000 A-2A 32,050,000.00 ~~748~~608.~~81294290~~81802964 0.00000000 5572.~~29458596~~51487644 0.00000000 A-2B 19,326,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 18,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 13,792,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 4,056,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 2,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 5,679,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,139,629.00 999.96344908 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are Per 1,000 Denomination.

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 3536.~~70597915~~43527931 ~~873~~805.~~54141240~~55725809 0.~~87354141~~80555726 3536.~~70597915~~43527931 A-2A 0.00000000 5572.~~29458596~~51487644 ~~693~~536.~~51835725~~30315320 0.~~69351836~~53630315 5572.~~29458596~~51487644 A-2B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.96344908 0.99996345 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1 214,890,000.00 12.~~93500~~25250% ~~195~~180,~~388~~935,~~171~~776.9836 ~~346~~362,~~569~~273.7763 0.00 0.00 A-2A 32,050,000.00 12.~~76500~~08250% 2319,~~999~~512,~~454~~617.8285 3836,~~829~~120.1202 0.00 0.00 A-2B 19,326,000.00 2.~~06500~~38250% 19,326,000.00 3640,~~582~~928.5117 0.00 0.00 M-1 18,660,000.00 2.~~26500~~58250% 18,660,000.00 3842,~~742~~835.8207 0.00 0.00 M-2 13,792,000.00 23.~~86500~~18250% 13,792,000.00 3639,~~221~~016.2404 0.00 0.00 M-3 4,056,000.00 3.~~11500~~43250% 4,056,000.00 1112,~~581~~375.5731 0.00 0.00 M-4 4,056,000.00 34.~~71500~~03250% 4,056,000.00 1314,~~812~~538.3751 0.00 0.00 M-5 2,434,000.00 4.~~11500~~43250% 2,434,000.00 9,~~181~~589.2596 0.00 0.00 M-6 2,434,000.00 5.~~11500~~43250% 2,434,000.00 11,~~412~~753.4252 0.00 0.00 B 5,679,000.00 5.~~11500~~43250% 5,679,000.00 2627,~~627~~423.4126 0.00 0.00 CE 7,139,629.00 0.00000% 7,139,368.04 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 324,516,729.00 ~~569~~596,~~560~~853.4849 0.00 0.00

Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 ~~346~~362,~~569~~273.7763 0.00 ~~187~~173,~~715~~106,~~314~~199.1119 A-2A 0.00 0.00 3836,~~829~~120.1202 0.00 2217,~~227~~188,~~263~~516.3506 A-2B 0.00 0.00 3640,~~582~~928.5117 0.00 19,326,000.00 M-1 0.00 0.00 3842,~~742~~835.8207 0.00 18,660,000.00 M-2 0.00 0.00 3639,~~221~~016.2404 0.00 13,792,000.00 M-3 0.00 0.00 1112,~~581~~375.5731 0.00 4,056,000.00 M-4 0.00 0.00 1314,~~812~~538.3751 0.00 4,056,000.00 M-5 0.00 0.00 9,~~181~~589.2596 0.00 2,434,000.00 M-6 0.00 0.00 11,~~412~~753.4252 0.00 2,434,000.00 B 0.00 0.00 2627,~~627~~423.4126 0.00 5,679,000.00 CE 0.00 0.00 1,~~139~~007,~~611~~363.7007 0.00 7,139,368.04 P 0.00 0.00 ~~137~~189,~~783~~984.9006 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~846~~794,~~956~~200.0862 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 214,890,000.00 12.~~93500~~25250% ~~909~~841.~~24739160~~99253739 1.~~61277756~~68585616 0.00000000 0.00000000 A-2A 32,050,000.00 12.~~76500~~08250% ~~748~~608.~~81294290~~81802964 1.~~21151700~~12698970 0.00000000 0.00000000 A-2B 19,326,000.00 2.~~06500~~38250% 1000.00000000 12.~~89291680~~11777761 0.00000000 0.00000000 M-1 18,660,000.00 2.~~26500~~58250% 1000.00000000 2.~~07624973~~29555573 0.00000000 0.00000000 M-2 13,792,000.00 23.~~86500~~18250% 1000.00000000 2.~~62625000~~82888921 0.00000000 0.00000000 M-3 4,056,000.00 3.~~11500~~43250% 1000.00000000 23.~~85541667~~05111193 0.00000000 0.00000000 M-4 4,056,000.00 34.~~71500~~03250% 1000.00000000 3.~~40541667~~58444527 0.00000000 0.00000000 M-5 2,434,000.00 4.~~11500~~43250% 1000.00000000 3.~~77208299~~94000000 0.00000000 0.00000000 M-6 2,434,000.00 5.~~11500~~43250% 1000.00000000 4.~~68875103~~82889071 0.00000000 0.00000000 B 5,679,000.00 5.~~11500~~43250% 1000.00000000 4.~~68874978~~82888889 0.00000000 0.00000000 CE 7,139,629.00 0.00000% 999.96344908 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are Per 1,000 Denomination.

Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 1.~~61277756~~68585616 0.00000000 ~~873~~805.~~54141240~~55725809 A-2A 0.00000000 0.00000000 1.~~21151700~~12698970 0.00000000 ~~693~~536.~~51835725~~30315320 A-2B 0.00000000 0.00000000 12.~~89291680~~11777761 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 2.~~07624973~~29555573 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.~~62625000~~82888921 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 23.~~85541667~~05111193 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 3.~~40541667~~58444527 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 3.~~77208299~~94000000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 4.~~68875103~~82889071 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.~~68874978~~82888889 0.00000000 1000.00000000 CE 0.00000000 0.00000000 ~~159~~141.~~61777566~~09459609 0.00000000 999.96344908 P 0.00000000 0.00000000 ~~1377839~~1899840.~~00000000~~60000000 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 11,~~285~~874,~~544~~017.3899 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6375,~~789~~171.5168 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(5,373~~0.~~76)~~00 Prepayment Penalties ~~137~~189,~~783~~984.9006 Total Deposits 1112,~~481~~139,~~744~~173.0373 Withdrawals Reimbursement for Servicer Advances 5666,~~104~~182.7392 Payment of Service Fee ~~133~~125,~~633~~111.8823 Payment of Interest and Principal 11,~~292~~947,~~005~~879.4258 Total Withdrawals (Pool Distribution Amount) 1112,~~481~~139,~~744~~173.0373 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~123~~115,~~735~~843.0168 Credit Risk Manager Fee: The Murrayhill Company 3,~~712~~475.1133 Master Servicing Fee: Wells Fargo 65,~~186~~792.7622 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~133~~125,~~633~~111.8823

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 01.8009 01.8009 1,000.00

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 24 0 0 24 ~~169~~409,~~717~~243.1454 0.00 0.00 ~~169~~409,~~717~~243.1454 30 Days 3041 01 01 0 3043 45,~~716~~807,~~634~~970.1182 058,570.0048 097,819.0047 0.00 45,~~716~~964,~~634~~360.1177 60 Days 192 0 09 0 1911 3535,~~141,678~~585.7067 0.00 0774,752.0096 0.00 31,~~141~~310,~~678~~338.7063 90 Days 84 0 08 0 812 1498,~~195,580~~383.6699 0.00 0876,601.0044 0.00 1,~~195~~374,~~580~~985.6643 120 Days 0 01 29 0 210 0.00 081,947.0033 ~~173~~1,~~074~~148,551.5348 0.00 ~~173~~1,~~074~~230,498.5381 150 Days 0 0 03 0 03 0.00 0.00 0516,370.0023 0.00 0516,370.0023 180+ Days 0 01 01 0 02 0.00 087,753.0039 085,321.0014 0.00 0173,074.0053 Totals 5747 27 231 0 6185 96,~~053~~841,~~893~~940.4748 ~~169~~637,~~717~~514.1474 ~~173~~3,~~074~~499,416.5372 0.00 910,~~396~~978,~~685~~871.1494 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.~~104275~~221484% 0.000000% 0.000000% 0.~~104275~~221484% 0.~~059008~~152720% 0.000000% 0.000000% 0.~~059008~~152720% 30 Days 12.~~564129~~270210% 0.~~000000~~055371% 0.~~000000~~055371% 0.000000% 12.~~564129~~380952% 12.~~639892~~167403% 0.~~000000~~021857% 0.~~000000~~036504% 0.000000% 12.~~639892~~225764% 60 Days 0.~~990615~~110742% 0.000000% 0.~~000000~~498339% 0.000000% 0.~~990615~~609081% 10.~~092307~~199868% 0.000000% 0.~~000000~~289120% 0.000000% 10.~~092307~~488989% 90 Days 0.~~417101~~221484% 0.000000% 0.~~000000~~442968% 0.000000% 0.~~417101~~664452% 0.~~415683~~185986% 0.000000% 0.~~000000~~327128% 0.000000% 0.~~415683~~513113% 120 Days 0.000000% 0.~~000000~~055371% 0.~~104275~~498339% 0.000000% 0.~~104275~~553710% 0.000000% 0.~~000000~~030581% 0.~~060175~~428613% 0.000000% 0.~~060175~~459194% 150 Days 0.000000% 0.000000% 0.~~000000~~166113% 0.000000% 0.~~000000~~166113% 0.000000% 0.000000% 0.~~000000~~192698% 0.000000% 0.~~000000~~192698% 180+ Days 0.000000% 0.~~000000~~055371% 0.~~000000~~055371% 0.000000% 0.~~000000~~110742% 0.000000% 0.~~000000~~032748% 0.~~000000~~031840% 0.000000% 0.~~000000~~064587% Totals 2.~~971846~~602436% 0.~~104275~~387597% 01.~~104275~~716501% 0.000000% 34.~~180396~~706534% 32.~~147881~~553257% 0.~~059008~~237906% 01.~~060175~~305903% 0.000000% 34.~~267064~~097066%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I, Sub Grp I No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 12 0 0 2 246,904.85 0.00 0.00 246,904.85 30 Days 26 1 1 0 28 3,581,179.48 58,570.48 97,819.47 0.00 3,737,569.43 60 Days 1 0 6 0 7 306,659.10 0.00 609,886.5412 0.00 916,545.22 90 Days 3 0 8 0 11 397,661.17 0.00 58876,~~609~~601.5444 300.00 1,274,262.61 120 Days 210 0 7 0 7 0.00 210.00 2760,~~291~~232.23 0.00 760,~~323~~232.3923 150 Days 0 0 1 0 1 0.00 0.00 85,774.06 0.00 285,~~291~~774.06 180 Days 0 1 0 0 1 0.00 87,~~323~~753.39 0.00 0.00 87,753.39 Totals 30 4 23 0 57 4,285,499.75 393,228.72 2,430,313.32 0.00 7,109,041.79 0-29 Days 0.219780% 0.000000% 0.000000% 0.219780% 0.191448% 0.000000% 0.000000% 0.191448% 30 Days 2.857143% 0.109890% 0.109890% 0.000000% 3.076923% 2.776822% 0.045415% 0.075849% 0.000000% 2.898085% 60 Days 140.109890% 0.000000% 0.659341% 0.000000% 140.769231% 0.237781% 0.000000% 0.472901% 0.000000% 0.710683% 90 Days 0.329670% 0.000000% 0.879121% 0.000000% 1.208791% 0.308344% 0.000000% 0.679711% 0.000000% 0.988054% 120 Days 0.000000% 0.000000% 0.769231% 0.000000% 0.769231% 0.000000% 0.000000% 0.589479% 0.000000% 0.589479% 150 Days 0.000000% 0.000000% 0.109890% 0.000000% 0.109890% 0.000000% 0.000000% 0.066509% 0.000000% 0.066509% 180 Days 0.000000% 0.109890% 0.000000% 0.000000% 0.109890% 0.000000% 0.068043% 0.000000% 0.000000% 0.068043% Totals 3.296703% 0.439560% 2.527473% 0.000000% 6.263736% 3.322947% 0.304907% 1.884448% 0.000000% 5.512302% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp I,~~193~~ Sub Grp II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 2 0 0 2 162,~~408~~338.2269 0.00 0.00 162,338.69 30 Days 9 0 0 0 9 1,140,106.39 0.00 20.00 0.00 1,~~193~~140,~~408~~106.2239 9060 Days 51 0 3 0 4 228,926.57 0.00 5164,866.84 ~~698~~0.00 393,~~519~~793.2441 90 Days 0 0 0 0 0 0.00 0.00 0.00 ~~698,519~~0.2400 0.00 120 Days 0 1 0 0 1 0.00 81,947.33 0.00 0.00 81,947.33 150 Days 0 0 1 0 1 0.00 0.00 8743,~~753~~901.3944 0.00 8743,~~753~~901.3944 ~~150~~180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 10 3 4 0 17 1,369,032.96 244,286.02 208,768.28 0.00 1,822,087.26 0-29 Days 0.273224% 0.000000% 0.000000% 0.273224% 0.177947% 0.000000% 0.000000% 0.177947% 30 Days 1.229508% 0.000000% 0.000000% 0.000000% 1.229508% 1.249723% 0.000000% 0.000000% 0.000000% 1.249723% 60 Days 0.136612% 0.000000% 0.409836% 0.000000% 0.546448% 0.250937% 0.000000% 0.180718% 0.000000% 0.431655% 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% 0.136612% 0.000000% 0.000000% 0.136612% 0.000000% 0.089826% 0.000000% 0.000000% 0.089826% 150 Days 0.000000% 0.000000% 0.136612% 0.000000% 0.136612% 0.000000% 0.000000% 0.048122% 0.000000% 0.048122% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.366120% 0.409836% 0.546448% 0.000000% 2.322404% 1.500660% 0.267773% 0.228841% 0.000000% 1.997274% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp I No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 6 0 0 0 6 1,086,684.95 0.00 ~~Totals~~0.00 400.00 1,086,684.95 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 420 50 1 100,~~183~~722.82 0.00 0.00 0.00 100,~~250~~722.82 120 Days 0 0 2 0 2 0.00 0.00 388,319.25 0.00 388,319.25 150 Days 0 0 1 0 1 0.00 0.00 386,694.73 0.00 386,694.73 180 Days 0 0 1 0 1 0.00 0.00 85,321.14 580.00 85,~~609~~321.5414 87Totals 7 0 4 0 11 1,~~753~~187,407.3977 0.00 5860,~~329~~335.12 0.00 2,~~613~~047,742.7889 0-29 Days 0.~~102987~~000000% 0.000000% 0.000000% 0.~~102987~~000000% 0.~~042452~~000000% 0.000000% 0.000000% 0.~~042452~~000000% 30 Days 25.~~162719~~263158% 0.000000% 0.000000% 0.000000% 25.~~162719~~263158% 13.~~659643~~470571% 0.000000% 0.000000% 0.000000% 13.~~659643~~470571% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.877193% 0.000000% 0.000000% 0.000000% 0.877193% 0.321681% 0.000000% 0.000000% 0.000000% 0.321681% 120 Days 0.000000% 0.000000% 1.~~441813~~754386% 0.000000% 1.754386% 0.000000% 0.000000% 1.~~441813~~240184% 0.000000% 1.~~588722~~240184% 150 Days 0.000000% 0.000000% 0.877193% 0.000000% 0.877193% 0.000000% 0.000000% 1.~~588722~~234996% 0.000000% 1.234996% 180 Days 0.000000% 0.000000% 0.877193% 0.000000% 0.877193% 0.000000% 0.000000% 0.272492% 0.000000% 0.272492% Totals 6.140351% 0.000000% 3.508772% 0.000000% 9.649123% 3.792252% 0.000000% 2.747672% 0.000000% 6.539924% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Grp II, Sub Grp II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.~~514933~~00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.~~514933~~000000% 0.~~505949~~000000% 0.000000% 0.000000% 30 Days 0.000000% 0.~~505949~~000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.~~102987~~000000% 0.000000% 0.~~102987~~000000% 0.000000% 0.000000% 0.~~063561~~000000% 0.000000% 0.~~063561~~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 40.~~119464~~000000% 0.~~102987~~000000% 0.~~102987~~000000% 0.000000% 40.~~325438~~000000% 30.~~754314~~000000% 0.~~042452~~000000% 0.~~063561~~000000% 0.000000% 30.~~860327~~000000%

~~DELINQUENT~~OTHER ~~BANKRUPTCY~~INFORMATION ~~FORECLOSURE~~Current ~~REO~~Period ~~Total~~Class ~~Grp~~A I,Insufficient ~~Sub~~Funds ~~Grp II No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance~~ 0~~-29 Days 1 0 0 1 111,107~~.~~60 0.~~00 ~~0.00~~Principal ~~111,107.60~~Balance 30of ~~Days~~Contaminated 4Properties 0 ~~0 0 4 687,241~~.~~79 0.~~00 ~~0.00~~Periodic ~~0.00~~Advance ~~687~~75,~~241~~171.79 60 Days 2 0 0 0 2 181,614.06 0.00 0.00 0.00 181,614.06 90 Days 2 0 0 0 2 110,366.69 0.00 0.00 0.00 110,366.69 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 8 1 0 0 9 979,222.54 111,107.60 0.00 0.00 1,090,330.14 0-29 Days 0.130208% 0.000000% 0.000000% 0.130208% 0.114854% 0.000000% 0.000000% 0.114854% 30 Days 0.520833% 0.000000% 0.000000% 0.000000% 0.520833% 0.710412% 0.000000% 0.000000% 0.000000% 0.710412% 60 Days 0.260417% 0.000000% 0.000000% 0.000000% 0.260417% 0.187737% 0.000000% 0.000000% 0.000000% 0.187737% 90 Days 0.260417% 0.000000% 0.000000% 0.000000% 0.260417% 0.114088% 0.000000% 0.000000% 0.000000% 0.114088% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.041667% 0.130208% 0.000000% 0.000000% 1.171875% 1.012236% 0.114854% 0.000000% 0.000000% 1.127090%68

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Fixed ~~Grp~~& ~~II,~~Mixed ~~Sub~~ARM ~~Grp~~Weighted IAverage NoGross ofCoupon ~~Loans~~7.464052% NoWeighted ofAverage ~~Loans~~Net NoCoupon of6.964052% ~~Loans~~Weighted NoAverage ofPass-Through ~~Loans~~Rate No6.924052% ofWeighted ~~Loans~~Average ~~Principal~~Maturity(Stepdown ~~Balance~~Calculation ~~Principal~~) ~~Balance~~334 ~~Principal~~Beginning ~~Balance~~Scheduled ~~Principal~~Collateral ~~Balance~~Loan ~~Principal~~Count ~~Balance~~1,863 ~~0-29~~Number ~~Days~~Of 0Loans 0Paid 0In 0Full ~~0.00~~57 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Collateral 30Loan ~~Days~~Count ~~5 0 0 0 5~~ 1,~~738,068.93~~806 ~~0.00~~Beginning ~~0.00~~Scheduled ~~0.00~~Collateral 1Balance 278,~~738~~024,~~068~~862.9325 60Ending ~~Days~~Scheduled 3Collateral 0Balance ~~0 0 3 766~~267,~~656.42 0.00 0.00 0.00 766~~871,~~656~~183.4229 90Ending ~~Days~~Actual 1Collateral 0Balance 0at 031-Oct-2004 ~~1 386~~267,~~694.73 0.00 0.00 0.00 386~~969,~~694~~114.7357 ~~120~~Monthly ~~Days~~P 0&I 0Constant 1 ~~0 1 0.00 0.00 85~~,~~321.14 0.00 85~~973,~~321~~866.1482 ~~150~~Special ~~Days~~Servicing 0Fee 0 ~~0 0 0 0~~.00 ~~0.00~~Prepayment ~~0.00~~Penalties 0189,984.0006 ~~0.00~~Realized ~~180~~Loss ~~Days~~Amount 0 ~~0 0 0 0 0~~.00 ~~0.00~~Cumulative ~~0.00~~Realized ~~0.00~~Loss 05,373.0076 ~~Totals~~Ending 9Scheduled 0Balance 1for 0Premium 10Loans 2267,~~891~~871,~~420~~183.0829 ~~0.00~~Scheduled 85Principal 244,~~321~~540.1419 ~~0.00~~Unscheduled 2Principal 9,~~976~~909,~~741~~138.2277 ~~0-29~~Required ~~Days~~Overcollateralization ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Increase ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~reduction 30Amount ~~Days 3.937008%~~ 0.~~000000%~~00 ~~0.000000%~~Specified ~~0.000000%~~O/C ~~3.937008%~~Amount 47,139,368.~~857297%~~04 ~~0.000000%~~Overcollateralized ~~0.000000%~~Amount 07,139,368.~~000000%~~04 ~~4.857297%~~Overcollateralized 60Deficiency ~~Days~~Amount ~~2.362205%~~ 0.~~000000%~~00 ~~0.000000%~~Base ~~0.000000%~~Overcollateralized ~~2.362205%~~Amount ~~2.142537%~~ 0.000000% 0.000000% 0.000000% 2.142537% 90 Days 0.787402% 0.000000% 0.000000% 0.000000% 0.787402% 1.080677% 0.000000% 0.000000% 0.000000% 1.080677% 120 Days 0.000000% 0.000000% 0.787402% 0.000000% 0.787402% 0.000000% 0.000000% 0.238443% 0.000000% 0.238443% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 7.086614% 0.000000% 0.787402% 0.000000% 7.874016% 8.080511% 0.000000% 0.238443% 0.000000% 8.318954%00

~~DELINQUENT~~COLLATERAL ~~BANKRUPTCY~~STATEMENT ~~FORECLOSURE~~Collateral ~~REO~~Description ~~Total~~Fixed ~~Grp~~& ~~II,~~Mixed ~~Sub~~ARM ~~Grp~~Weighted IIAverage NoCoupon ofRate ~~Loans~~7.464052% NoWeighted ofAverage ~~Loans~~Net NoRate of6.964052% ~~Loans~~Weighted NoAverage ofPass ~~Loans~~Through NoRate of6.924052% ~~Loans~~Weighted ~~Principal~~Average ~~Balance~~Maturity ~~Principal~~334 ~~Balance~~Record ~~Principal~~Date ~~Balance~~10/31/2004 Principal ~~Balance~~and ~~Principal~~Interest ~~Balance~~Constant ~~0-29~~1,973,866.82 ~~Days~~Beginning 0Loan 0Count 01,863 0Loans ~~0.00~~Paid ~~0.00~~in ~~0.00~~Full ~~0.00~~57 30Ending ~~Days~~Loan 0Count 01,806 0Beginning 0Scheduled 0Balance 0278,024,862.0025 ~~0.00~~Ending ~~0.00~~Scheduled ~~0.00~~Balance 0267,871,183.0029 60Ending ~~Days~~Actual 0Balance 0at 031-Oct-2004 0267,969,114.57 0Scheduled ~~0.00~~Principal 0244,540.0019 ~~0.00~~Unscheduled ~~0.00~~Principal 09,909,138.0077 90Scheduled ~~Days~~Interest 01,729,326.63 0Servicing 0Fee ~~0 0 0~~115,843.0068 ~~0.00~~Master ~~0.00~~Servicing ~~0.00~~Fee 05,792.0022 ~~120~~Trustee ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 ~~0.00~~FRY ~~0.00~~Amount 0.00 ~~0.00~~Special ~~150~~Hazard ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 ~~0.00~~Other ~~0.00~~Fee 03,475.0033 ~~0.00~~Pool ~~180~~Insurance ~~Days~~Fee 0 ~~0 0 0 0 0~~.00 ~~0.00~~Spread ~~0.00~~1 0.00 ~~0.00~~Spread ~~Totals~~2 0 ~~0 0 0 0 0~~.00 ~~0.00~~Spread ~~0.00~~3 0.00 ~~0.00~~Net ~~0-29~~Interest ~~Days 0~~1,604,215.~~000000%~~40 ~~0.000000%~~Realized ~~0.000000%~~Loss ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Cumulative ~~0.000000%~~Realized ~~0.000000%~~Loss ~~30 Days 0~~5,373.~~000000%~~76 ~~0.000000%~~Percentage ~~0.000000%~~of ~~0.000000%~~Cumulative ~~0.000000%~~Losses 0.~~000000%~~0017 ~~0.000000%~~Special ~~0.000000%~~Servicing ~~0.000000%~~Fee 0.~~000000%~~00 60Prepayment ~~Days~~Penalties 0189,984.~~000000%~~06 ~~0.000000%~~Required ~~0.000000%~~Overcollateralized ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Overcollateralized ~~0.000000%~~Increase ~~0.000000%~~Amount 0.~~000000%~~00 ~~0.000000%~~Overcollateralized 90Reduction ~~Days~~Amount 0.~~000000%~~00 ~~0.000000%~~Specified ~~0.000000%~~O/C ~~0.000000%~~Amount 07,139,368.~~000000%~~04 ~~0.000000%~~Overcollateralized ~~0.000000%~~Amount 07,139,368.~~000000%~~04 ~~0.000000%~~Overcollateralized ~~0.000000%~~Deficiency ~~120~~Amount ~~Days~~ 0.~~000000%~~00 ~~0.000000%~~Base ~~0.000000%~~Overcollateralization ~~0.000000%~~Amount 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%00

~~OTHER~~Miscellaneous ~~INFORMATION~~Reporting ~~Current~~Credit ~~Period~~Enhancement ~~Class~~Percentage: ~~A Insufficient Funds 0~~21.~~00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 63,789.51~~745664%

~~COLLATERAL~~Group ~~STATEMENT~~Level Collateral Statement Group Grp I, Sub Grp I Grp I, Sub Grp II Grp II, Sub Grp I Collateral Description Fixed 15/30 & ~~Mixed~~ ARM ~~Weighted~~Fixed ~~Average~~15/30 ~~Gross~~& ~~Coupon~~ARM ~~7.468293%~~Fixed 15/30 & ARM Weighted Average ~~Net~~ Coupon 6Rate 7.~~968293%~~625334 7.392774 7.343778 Weighted Average ~~Pass-Through~~Net Rate 7.125334 6.~~928293%~~892774 6.843779 Weighted Average Maturity~~(Stepdown~~ ~~Calculation~~352 )299 ~~336~~352 Beginning ~~Scheduled Collateral~~ Loan Count ~~1,971~~942 ~~Number~~750 Of119 Loans Paid In Full 5332 ~~Ending~~18 ~~Scheduled~~5 ~~Collateral~~Ending Loan Count ~~1,918~~910 732 114 Beginning Scheduled ~~Collateral~~ Balance ~~296~~133,~~964~~825,~~094~~824.8475 ~~Ending~~94,120,422.38 ~~Scheduled~~33,063,580.21 ~~Collateral~~Ending scheduled Balance ~~287~~128,~~519~~904,~~045~~729.5093 ~~Ending~~91,211,940.03 ~~Actual~~31,296,142.33 ~~Collateral~~Record ~~Balance~~Date at10/31/2004 10/31~~-Aug-~~/2004 ~~287~~10/31/2004 Principal And Interest Constant 955,~~618~~263.72 677,~~653~~411.7973 ~~Monthly~~228,694.23 PScheduled &IPrincipal ~~Constant~~104,874.89 297,~~104~~569.22 26,~~538~~351.7624 ~~Special~~Unscheduled ~~Servicing~~Principal ~~Fee~~4,816,219.93 02,810,913.0013 ~~Prepayment~~1,741,086.64 ~~Penalties~~Scheduled ~~137~~Interest 850,~~783~~388.9083 ~~Realized~~579,842.51 ~~Loss~~202,342.99 ~~Amount~~Servicing 5Fees 55,~~373~~760.76 ~~Cumulative~~39,216.85 ~~Realized~~13,776.47 ~~Loss~~Master 5Servicing Fees 2,~~373~~788.7605 ~~Ending~~1,960.83 ~~Scheduled~~688.85 ~~Balance~~Trustee ~~for~~Fee ~~Premium~~0.00 ~~Loans~~0.00 ~~287,519,045~~0.5000 ~~Scheduled~~FRY ~~Principal~~Amount ~~256,359~~0.7800 ~~Unscheduled~~0.00 ~~Principal~~0.00 9Special Hazard Fee 0.00 0.00 0.00 Other Fee 1,~~188~~672.83 1,~~689~~176.5651 ~~Required~~413.30 ~~Overcollateralization~~Pool ~~Amount~~Insurance Fee 0.00 ~~Overcollateralized~~0.00 ~~Increase~~0.00 ~~Amount~~Spread ~~5,373~~Fee 1 0.7600 ~~Overcollateralized~~0.00 ~~reduction~~0.00 ~~Amount~~Spread Fee 2 0.00 ~~Specified~~0.00 ~~O/C~~0.00 ~~Amount~~Spread ~~7,139,368~~Fee 3 0.0400 ~~Overcollateralized~~0.00 ~~Amount~~0.00 7Net Interest 790,~~139~~167.19 537,~~368~~488.0432 ~~Overcollateralized~~187,464.37 ~~Deficiency~~Realized Loss Amount 0.00 ~~Base~~0.00 ~~Overcollateralized Amount~~ 0.00 ~~Extra~~Cumulative ~~principal~~Realized ~~distribution~~Loss ~~Amount~~ 5,373.76 ~~Excess~~0.00 ~~Cash~~0.00 ~~Amount~~Percentage of Cumulative Losses 0.0035 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.085334 6.852774 6.803778

~~COLLATERAL~~Group ~~STATEMENT~~Level Collateral Statement Group Grp II, Sub Grp II Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 6.823539 7.~~468293%~~464052 Weighted Average Net Rate 6.~~968293%~~323539 ~~Weighted Average Pass Through Rate~~ 6.~~928293%~~964052 Weighted Average Maturity ~~336~~343 ~~Record~~334 ~~Date 08/31/2004 Principal and Interest Constant 2,104,538.76~~ Beginning Loan Count 52 1,~~971~~863 Loans Paid inIn Full 532 57 Ending Loan Count 50 1,~~918~~806 Beginning Scheduled Balance ~~296~~17,~~964~~015,~~094~~034.8491 278,024,862.25 Ending ~~Scheduled~~scheduled Balance ~~287~~16,~~519~~458,~~045~~371.5000 ~~Ending~~267,871,183.29 ~~Actual~~Record ~~Balance~~Date at10/31/2004 10/31~~-Aug-~~/2004 ~~287~~Principal And Interest Constant 112,~~618~~497.14 1,~~653~~973,866.7982 Scheduled Principal ~~256~~15,~~359~~744.7884 244,540.19 Unscheduled Principal 540,919.07 9,~~188~~909,~~689~~138.5677 Scheduled Interest 96,752.30 1,~~848~~729,~~178~~326.9863 Servicing ~~Fee~~Fees ~~123~~7,~~735~~089.0160 115,843.68 Master Servicing ~~Fee~~Fees 6354.49 5,~~186~~792.7622 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 212.69 3,~~712~~475.1133 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 89,095.52 1,~~714~~604,~~545~~215.1040 Realized Loss Amount ~~5,373~~0.7600 0.00 Cumulative Realized Loss 0.00 5,373.76 Percentage of Cumulative Losses 0.~~0017~~0000 ~~Special Servicing Fee~~ 0.000017 Prepayment Penalties ~~137,783~~0.9000 ~~Required Overcollateralized Amount~~ 0.00 ~~Overcollateralized~~Special ~~Increase~~Servicing ~~Amount~~Fee ~~5,373.76 Overcollateralized Reduction Amount~~ 0.00 ~~Specified O/C Amount 7,139,368.04 Overcollateralized Amount 7,139,368.04 Overcollateralized Deficiency Amount~~ 0.00 ~~Base~~Pass-Through ~~Overcollateralization~~Rate ~~Amount~~6.283539 06.00924052

Miscellaneous Reporting Credit Enhancement Percentage: 20.259655%

Group Level Collateral Statement Group Grp I, Sub Grp I Grp I, Sub Grp II Grp II, Sub Grp I Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.643090 7.377132 7.341151 Weighted Average Net Rate 7.143090 6.877132 6.841151 Weighted Average Maturity 354 301 354 Beginning Loan Count 998 788 133 Loans Paid In Full 27 20 6 Ending Loan Count 971 768 127 Beginning Scheduled Balance 142,363,161.58 100,036,489.45 37,516,501.69 Ending scheduled Balance 137,999,630.06 96,726,154.82 35,761,495.69 Record Date 08/31/2004 08/31/2004 08/31/2004 Principal And Interest Constant 1,016,426.26 716,841.90 258,773.46 Scheduled Principal 109,680.92 101,856.58 29,261.55 Unscheduled Principal 4,253,850.60 3,208,478.05 1,725,744.45 Scheduled Interest 906,745.34 614,985.32 229,511.91 Servicing Fees 59,317.98 41,681.85 15,631.87 Master Servicing Fees 2,965.90 2,084.11 781.58 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 1,779.55 1,250.48 468.97 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 842,681.91 569,968.88 212,629.49 Realized Loss Amount 5,373.76 0.00 0.00 Cumulative Realized Loss 5,373.76 0.00 0.00 Percentage of Cumulative Losses 0.0035 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.103090 6.837132 6.801151

Group Level Collateral Statement Group Grp II, Sub Grp II Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 6.823327 7.468293 Weighted Average Net Rate 6.323327 6.968293 Weighted Average Maturity 345 336 Beginning Loan Count 52 1,971 Loans Paid In Full 0 53 Ending Loan Count 52 1,918 Beginning Scheduled Balance 17,047,942.12 296,964,094.84 Ending scheduled Balance 17,031,764.93 287,519,045.50 Record Date 08/31/2004 08/31/2004 Principal And Interest Constant 112,497.14 2,104,538.76 Scheduled Principal 15,560.73 256,359.78 Unscheduled Principal 616.46 9,188,689.56 Scheduled Interest 96,936.41 1,848,178.98 Servicing Fees 7,103.31 123,735.01 Master Servicing Fees 355.17 6,186.76 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 213.11 3,712.11 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 89,264.82 1,714,545.10 Realized Loss Amount 0.00 5,373.76 Cumulative Realized Loss 0.00 5,373.76 Percentage of Cumulative Losses 0.0000 0.0017 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.283327 6.928293

Filing Compare · ACE Securities Corp Series 2004-IN1