8-K 1 prm04cl2_nov.txt NOVEMBER 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): November 26, 2004 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2004-CL2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-19 54-2147384 Pooling and Servicing Agreement) (Commission 54-2147385 (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 PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2004-CL2 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-CL2 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2004-CL2 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: 11/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-CL2 Trust, relating to the November 26, 2004 distribution. EX-99.1

Prime Mortgage ~~Trust~~Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 PRM Series: 2004-CL2 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 74160MED0 SEN 6.~~90160~~89536% ~~145~~133,~~931~~522,~~539~~541.2877 ~~837~~766,~~923~~987.0650 56,~~452~~262,~~972~~623.6152 XB 74160MEG3 SEN 1.~~65160~~64536% 0.00 5,~~686~~622.6893 0.00 B-1 74160MEH1 SUB 5.25000% 3,~~432~~402,~~299~~228.0750 14,~~991~~879.6589 1415,~~892~~504.8805 B-2 74160MEJ7 SUB 5.25000% ~~302~~300,~~677~~025.0629 1,~~322~~312.0418 1,~~313~~367.3322 B-3 74160MEK4 SUB 5.25000% ~~403~~400,~~569~~033.4172 1,~~762~~749.7258 1,~~751~~822.1097 B-4 74160MEL2 SUB 6.~~90160~~89536% ~~201~~200,~~784~~016.7186 1,~~158~~148.6395 ~~875~~911.5548 B-5 74160MEM0 SUB 6.~~90160~~89536% 100,~~892~~008.3543 ~~579~~574.3147 ~~437~~455.7874 B-6 74160MEN8 SUB 6.~~90160~~89536% ~~202~~200,~~710~~934.6580 1,~~163~~154.9422 ~~879~~915.5767 R-I 74160MEE8 SEN 6.~~90776~~90853% 0.00 0.00 0.00 R-II 74160MEF5 SEN 6.~~90776~~90853% 0.00 0.00 0.00 Totals ~~150~~138,~~575~~125,~~472~~789.5337 ~~864~~793,~~588~~429.0372 56,~~473~~283,~~122~~600.8265

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~140~~127,~~478~~259,~~566~~918.6725 67,~~290~~029,~~895~~611.6702 0.00 XB 0.00 0.00 5,~~686~~622.6893 0.00 B-1 0.00 3,~~417~~386,~~406~~724.1844 2930,~~884~~383.5394 0.00 B-2 0.00 ~~301~~298,~~363~~658.7306 2,~~635~~679.3740 0.00 B-3 0.00 ~~401~~398,~~818~~210.3175 3,~~513~~572.8255 0.00 B-4 0.00 ~~200~~199,~~909~~105.1538 2,~~034~~060.1843 0.00 B-5 0.00 ~~100~~99,~~454~~552.5869 1,~~017~~030.0921 0.00 B-6 0.00 ~~201~~200,~~831~~019.0813 2,~~043~~069.5189 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 ~~145~~131,~~102~~842,~~349~~188.70 67,~~337~~077,~~710~~030.8537 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 201,356,000.00 ~~145~~133,~~931~~522,~~539~~541.2877 ~~633~~608,~~202~~466.8205 45,~~819~~654,~~769~~157.7947 0.00 0.00 B-1 3,504,000.00 3,~~432~~402,~~299~~228.0750 1415,~~892~~504.8805 0.00 0.00 0.00 B-2 309,000.00 ~~302~~300,~~677~~025.0629 1,~~313~~367.3322 0.00 0.00 0.00 B-3 412,000.00 ~~403~~400,~~569~~033.4172 1,~~751~~822.1097 0.00 0.00 0.00 B-4 206,000.00 ~~201~~200,~~784~~016.7186 ~~875~~911.5548 0.00 0.00 0.00 B-5 103,000.00 100,~~892~~008.3543 ~~437~~455.7874 0.00 0.00 0.00 B-6 206,945.55 ~~202~~200,~~710~~934.6580 ~~879~~915.5767 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 Totals 206,097,045.55 ~~150~~138,~~575~~125,~~472~~789.5337 ~~653~~629,~~353~~443.0318 45,~~819~~654,~~769~~157.7947 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 56,~~452~~262,~~972~~623.6152 ~~140~~127,~~478~~259,~~566~~918.6725 0.~~69766268~~63201453 56,~~452~~262,~~972~~623.6152 B-1 1415,~~892~~504.8805 3,~~417~~386,~~406~~724.1844 0.~~97528715~~96653095 1415,~~892~~504.8805 B-2 1,~~313~~367.3322 ~~301~~298,~~363~~658.7306 0.~~97528715~~96653094 1,~~313~~367.3322 B-3 1,~~751~~822.1097 ~~401~~398,~~818~~210.3175 0.~~97528716~~96653095 1,~~751~~822.1097 B-4 ~~875~~911.5548 ~~200~~199,~~909~~105.1538 0.~~97528714~~96653097 ~~875~~911.5548 B-5 ~~437~~455.7874 ~~100~~99,~~454~~552.5869 0.~~97528718~~96653097 ~~437~~455.7874 B-6 ~~879~~915.5767 ~~201~~200,~~831~~019.0813 0.~~97528591~~96653023 ~~879~~915.5767 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 56,~~473~~283,~~122~~600.8265 ~~145~~131,~~102~~842,~~349~~188.70 0.~~70404866~~63970926 56,~~473~~283,~~122~~600.8265

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 201,356,000.00 ~~724~~663.~~74393254~~11677710 3.~~14469308~~02184216 2328.~~93655908~~08040222 0.00000000 XB 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 3,504,000.00 ~~979~~970.~~53740582~~95562215 4.~~25025114~~42467180 0.00000000 0.00000000 B-2 309,000.00 ~~979~~970.~~53741100~~95563107 4.~~25025890~~42466019 0.00000000 0.00000000 B-3 412,000.00 ~~979~~970.~~53740291~~95563107 4.~~25024272~~42468447 0.00000000 0.00000000 B-4 206,000.00 ~~979~~970.~~53742718~~95563107 4.~~25024272~~42466019 0.00000000 0.00000000 B-5 103,000.00 ~~979~~970.~~53737864~~95563107 4.~~25029126~~42466019 0.00000000 0.00000000 B-6 206,945.55 ~~979~~970.~~53616301~~95492027 4.~~25024843~~42469046 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 (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 0.00000000 2731.~~08125216~~10224438 ~~697~~632.~~66268038~~01453272 0.~~69766268~~63201453 2731.~~08125216~~10224438 XB 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 4.~~25025114~~42467180 ~~975~~966.~~28715183~~53094749 0.~~97528715~~96653095 4.~~25025114~~42467180 B-2 0.00000000 4.~~25025890~~42466019 ~~975~~966.~~28715210~~53093851 0.~~97528715~~96653094 4.~~25025890~~42466019 B-3 0.00000000 4.~~25024272~~42468447 ~~975~~966.~~28716019~~53094660 0.~~97528716~~96653095 4.~~25024272~~42468447 B-4 0.00000000 4.~~25024272~~42466019 ~~975~~966.~~28713592~~53097087 0.~~97528714~~96653097 4.~~25024272~~42466019 B-5 0.00000000 4.~~25029126~~42466019 ~~975~~966.~~28718447~~53097087 0.~~97528718~~96653097 4.~~25029126~~42466019 B-6 0.00000000 4.~~25024843~~42469046 ~~975~~966.~~28591458~~53022981 0.~~97528591~~96653023 4.~~25024843~~42469046 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 201,356,000.00 6.~~90160~~89536% ~~145~~133,~~931~~522,~~539~~541.2877 ~~839~~767,~~301~~237.4684 0.00 0.00 XB 0.00 1.~~65160~~64536% 4,~~138~~102,~~545~~287.5350 5,~~696~~624.0377 0.00 0.00 B-1 3,504,000.00 5.25000% 3,~~432~~402,~~299~~228.0750 1514,~~016~~884.3175 0.00 0.00 B-2 309,000.00 5.25000% ~~302~~300,~~677~~025.0629 1,~~324~~312.2161 0.00 0.00 B-3 412,000.00 5.25000% ~~403~~400,~~569~~033.4172 1,~~765~~750.6215 0.00 0.00 B-4 206,000.00 6.~~90160~~89536% ~~201~~200,~~784~~016.7186 1,~~160~~149.5332 0.00 0.00 B-5 103,000.00 6.~~90160~~89536% 100,~~892~~008.3543 ~~580~~574.2766 0.00 0.00 B-6 206,945.55 6.~~90160~~89536% ~~202~~200,~~710~~934.6580 1,~~165~~154.8660 0.00 0.00 R-I 50.00 6.~~90776~~90853% 0.00 0.00 0.00 0.00 R-II 50.00 6.~~90776~~90853% 0.00 0.00 0.00 0.00 Totals 206,097,045.55 ~~866~~793,~~010~~688.2970 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 ~~1,378~~250.4034 0.00 ~~837~~766,~~923~~987.0650 0.00 ~~140~~127,~~478~~259,~~566~~918.6725 XB 91.3584 0.00 5,~~686~~622.6893 0.00 4,~~120~~083,~~588~~593.2226 B-1 244.6686 0.00 14,~~991~~879.6589 0.00 3,~~417~~386,~~406~~724.1844 B-2 20.1743 0.00 1,~~322~~312.0418 0.00 ~~301~~298,~~363~~658.7306 B-3 20.9057 0.00 1,~~762~~749.7258 0.00 ~~401~~398,~~818~~210.3175 B-4 10.9138 0.00 1,~~158~~148.6395 0.00 ~~200~~199,~~909~~105.1538 B-5 0.9519 0.00 ~~579~~574.3147 0.00 ~~100~~99,~~454~~552.5869 B-6 10.9138 0.00 1,~~163~~154.9422 0.00 ~~201~~200,~~831~~019.0813 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals ~~1,422~~258.2599 0.00 ~~864~~793,~~588~~429.0372 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 201,356,000.00 6.~~90160~~89536% ~~724~~663.~~74393254~~11677710 43.~~16824659~~81035499 0.00000000 0.00000000 XB 0.00 1.~~65160~~64536% ~~979~~970.~~53740355~~95562130 1.~~34817278~~33130651 0.00000000 0.00000000 B-1 3,504,000.00 5.25000% ~~979~~970.~~53740582~~95562215 4.~~28547660~~24793094 0.00000000 0.00000000 B-2 309,000.00 5.25000% ~~979~~970.~~53741100~~95563107 4.~~28546926~~24792880 0.00000000 0.00000000 B-3 412,000.00 5.25000% ~~979~~970.~~53740291~~95563107 4.~~28548544~~24793689 0.00000000 0.00000000 B-4 206,000.00 6.~~90160~~89536% ~~979~~970.~~53742718~~95563107 5.~~63364078~~57922330 0.00000000 0.00000000 B-5 103,000.00 6.~~90160~~89536% ~~979~~970.~~53737864~~95563107 5.~~63368932~~57922330 0.00000000 0.00000000 B-6 206,945.55 6.~~90160~~89536% ~~979~~970.~~53616301~~95492027 5.~~63365581~~57924536 0.00000000 0.00000000 R-I 50.00 6.~~90776~~90853% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.~~90776~~90853% 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 0.~~00684559~~00124327 0.00000000 43.~~16140100~~80911172 0.00000000 ~~697~~632.~~66268038~~01453272 XB 0.~~00221302~~00043550 0.00000000 1.~~34595976~~33087101 0.00000000 ~~975~~966.~~28715266~~53094911 B-1 0.~~00703767~~00138699 0.00000000 4.~~27843893~~24654395 0.00000000 ~~975~~966.~~28715183~~53094749 B-2 0.~~00702265~~00139159 0.00000000 4.~~27844660~~24653722 0.00000000 ~~975~~966.~~28715210~~53093851 B-3 0.~~00703883~~00138350 0.00000000 4.~~27844660~~24655340 0.00000000 ~~975~~966.~~28716019~~53094660 B-4 0.~~00927184~~00184466 0.00000000 5.~~62441748~~57742718 0.00000000 ~~975~~966.~~28713592~~53097087 B-5 0.~~00922330~~00184466 0.00000000 5.~~62436893~~57737864 0.00000000 ~~975~~966.~~28718447~~53097087 B-6 0.~~00922948~~00183623 0.00000000 5.~~62437801~~57740913 0.00000000 ~~975~~966.~~28591458~~53022981 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 67,~~379~~105,~~534~~608.9950 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7597,~~083~~850.6814 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 67,~~454~~203,~~618~~458.6764 Withdrawals Reimbursement for Servicer Advances 7992,~~568~~151.2823 Payment of Service Fee 3734,~~339~~277.5404 Payment of Interest and Principal 67,~~337~~077,~~710~~030.8537 Total Withdrawals (Pool Distribution Amount) 67,~~454~~203,~~618~~458.6764 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall ~~1,422~~258.2597 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~1,422~~258.2597

SERVICING FEES Gross Servicing Fee 3431,~~799~~959.8233 Master Servicing Fee 1,~~882~~726.1958 Miscellaneous Fee ~~657~~591.5313 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 3734,~~339~~277.5404

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 46 0 0 46 ~~614~~1,~~328~~145,508.8390 0.00 0.00 ~~614~~1,~~328~~145,508.8390 30 Days 2224 1 0 0 2325 45,~~916~~193,~~692~~078.9336 56116,~~882~~513.0541 0.00 0.00 45,~~973~~309,~~574~~591.9877 60 Days 714 1 0 0 815 13,~~161~~034,~~575~~707.6689 ~~302~~56,~~965~~813.5483 0.00 0.00 13,~~464~~091,~~541~~521.2072 90 Days 45 0 0 0 45 ~~834~~1,~~278~~228,180.4428 0.00 0.00 0.00 ~~834~~1,~~278~~228,180.4428 120 Days 30 1 0 0 41 ~~801,731~~0.6500 76273,~~204~~182.5756 0.00 0.00 ~~877~~273,~~936~~182.2256 150 Days 0 1 30 0 4 0~~.00~~ ~~118~~1 231,~~984~~246.2074 ~~971,523~~0.1700 0.00 10.00 231,~~090,507~~246.3774 180+ Days 02 01 03 0 06 0189,864.0024 0118,984.0020 0984,709.0058 0.00 01,293,558.0002 Totals 3646 810 3 0 4759 79,~~714~~877,~~278~~077.6851 1,~~169~~711,~~365~~002.1990 ~~971~~984,~~523~~709.1758 0.00 912,~~855~~572,~~167~~789.0499 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 01.~~645161~~047120% 0.000000% 0.000000% 01.~~645161~~047120% 0.~~422137~~866202% 0.000000% 0.000000% 0.~~422137~~866202% 30 Days 34.~~548387~~188482% 0.~~161290~~174520% 0.000000% 0.000000% 34.~~709677~~363002% 3.~~378511~~926863% 0.~~039087~~088104% 0.000000% 0.000000% 34.~~417598~~014968% 60 Days 12.~~129032~~443281% 0.~~161290~~174520% 0.000000% 0.000000% 12.~~290323~~617801% 02.~~798178~~294763% 0.~~208183~~042961% 0.000000% 0.000000% 12.~~006361~~337724% 90 Days 0.~~645161~~872600% 0.000000% 0.000000% 0.000000% 0.~~645161~~872600% 0.~~573275~~928716% 0.000000% 0.000000% 0.000000% 0.~~573275~~928716% 120 Days 0.~~483871~~000000% 0.~~161290~~174520% 0.000000% 0.000000% 0.~~645161~~174520% 0.~~550911~~000000% 0.~~052364~~206573% 0.000000% 0.000000% 0.~~603275~~206573% 150 Days 0.~~000000~~174520% 0.~~161290~~000000% 0.~~483871~~000000% 0.000000% 0.~~645161~~174520% 0.~~000000~~174862% 0.~~081760~~000000% 0.~~667583~~000000% 0.000000% 0.~~749343~~174862% 180+ Days 0.~~000000~~349040% 0.~~000000~~174520% 0.~~000000~~523560% 0.000000% 01.~~000000~~047120% 0.~~000000~~143570% 0.~~000000~~089973% 0.~~000000~~744610% 0.000000% 0.~~000000~~978153% Totals 58.~~806452~~027923% 1.~~290323~~745201% 0.~~483871~~523560% 0.000000% 710.~~580645~~296684% 57.~~300875~~468775% 01.~~803531~~293813% 0.~~667583~~744610% 0.000000% 69.~~771989~~507199%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7597,~~083~~850.6814

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 4,741,045.55 2.30039472% 4,~~623~~582,~~783~~270.0345 3.~~18656661~~47557219% 96.~~813433~~524428% 0.000000% Class B-1 1,237,045.55 0.60022479% 1,~~206~~195,~~376~~546.8501 0.~~83139718~~90680079% 2.~~355169~~568771% 73.~~909311~~909309% Class B-2 928,045.55 0.45029542% ~~905~~896,~~013~~887.1295 0.~~62370673~~68027386% 0.~~207690~~226527% 6.~~517688~~517687% Class B-3 516,045.55 0.25038959% ~~503~~498,~~194~~677.8120 0.~~34678612~~37823796% 0.~~276921~~302036% 8.690250% Class B-4 310,045.55 0.15043668% ~~302~~299,~~285~~571.6682 0.~~20832582~~22722000% 0.~~138460~~151018% 4.345125% Class B-5 207,045.55 0.10046022% ~~201~~200,~~831~~019.0813 0.~~13909567~~15171102% 0.~~069230~~075509% 2.172563% Class B-6 100.00 0.00004852% 0.00 0.00000000% 0.~~139096~~151711% 4.~~365064~~365066% Class R-I 50.00 0.00002426% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 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

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.04852083% 100,000.00 0.~~06891687~~07584826% Fraud 2,060,970.00 0.99999978% 2,060,970.00 1.~~42035605~~56320979% Special Hazard 2,060,970.00 0.99999978% 2,060,970.00 1.~~42035605~~56320979% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 7.~~199179~~193145% Weighted Average Net Coupon 6.~~921844~~915491% Weighted Average Pass-Through Rate 6.~~901604~~895356% Weighted Average Maturity (Stepdown Calculation) ~~236~~234 Beginning Scheduled Collateral Loan Count ~~639~~597 Number Of Loans Paid In Full 1924 Ending Scheduled Collateral Loan Count ~~620~~573 Beginning Scheduled Collateral Balance ~~150~~138,~~575~~125,~~472~~789.5236 Ending Scheduled Collateral Balance ~~145~~131,~~102~~842,~~349~~188.7071 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~145~~132,~~528~~244,~~389~~942.1038 Monthly P &I Constant 1,~~556~~457,~~702~~408.8191 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 67,~~297~~035,~~970~~486.1013 Ending Scheduled Balance for Premium Loans ~~145~~131,~~102~~842,~~349~~188.7071 Scheduled Principal ~~653~~629,~~353~~443.0318 Unscheduled Principal 45,~~819~~654,~~769~~157.7947

Miscellaneous Reporting Average Loss Severity Percentage 0.000000% Senior Percentage 96.~~915877~~667351% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.~~084123~~332649% Subordinate Prepayment Percentage 0.000000%

Filing Compare · STRUCTURED ASSET MORT PRIME MORT TR PAS THR CER SER 2004 CL2