8-K 1 msm04001_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 MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104283-05 Pooling and Servicing Agreement) (Commission 54-2144701 (State or other File Number) 54-2144702 jurisdiction 54-2144703 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On November 26, 2004 a distribution was made to holders of MORGAN STANLEY MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-1 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 2004-1 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. MORGAN STANLEY MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-1 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: 12/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the November 26, 2004 distribution. EX-99.1

Morgan Stanley Mortgage Loan Trust Mortgage Pass-Through Certificates Record Date: 810/31/2004 Distribution Date: 911/2726/2004 MSML Series: 2004-1 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 1-A-1 61745MWG4 SEN 5.00000% 3837,~~393~~599,~~043~~755.9947 ~~159~~156,~~971~~665.0365 ~~529~~769,~~921~~025.8652 1-A-2 61745MVV2 SEN 3.70000% 8,~~866~~509,~~192~~814.2488 2726,~~337~~238.4360 ~~216~~246,~~845~~365.2013 1-A-3 61745MVW0 SEN 5.00000% 8,000,000.00 33,333.3433 0.00 1-A-4 61745MVX8 SEN 5.00000% 5,~~171~~096,~~689~~176.1017 21,~~548~~234.7107 75189,~~375~~757.0854 1-A-5 61745MVY6 SEN 5.00000% 19,~~530~~228,~~680~~628.4778 8180,~~377~~119.8429 ~~301~~759,~~500~~030.3216 1-A-6 61745MVZ3 ACCR 5.00000% ~~164~~166,~~725~~100.4198 ~~686~~692.3609 (~~686~~692.3609) 1-A-7 61745MWA7 SEN 5.00000% 1,~~716~~680,~~310~~847.2938 7,~~151~~003.2953 2334,~~689~~378.4627 1-A-8 61745MWB5 SEN 4.75000% 9,~~293~~071,~~424~~333.1591 3635,~~786~~907.4736 ~~135~~153,~~135~~531.4289 1-A-9 61745MWC3 SEN 4.50000% 4645,~~713~~680,~~600~~622.7084 ~~175~~171,~~176~~302.0134 ~~628~~714,~~536~~101.82 1-A-10 61745MWD1 SEN 4.00000% 21,~~992~~506,~~763~~437.2123 7371,~~309~~688.2112 ~~295~~336,~~915~~199.1314 1-A-11 61745MWE9 SEN 5.00000% 0.00 4948,~~332~~064.4845 0.00 1-A-X 61745MWF6 SEN 5.00000% 0.00 2524,~~512~~655.5741 0.00 1-A-P 61745MWH2 PO 0.00000% 2,~~301~~262,~~570~~335.8406 0.00 2811,~~058~~098.7259 2-A-1 61745MWJ8 SEN 4.85000% 2927,~~347~~516,~~085~~868.1331 ~~117~~111,~~997~~214.3901 ~~793~~1,~~503~~320,132.3873 2-A-2 61745MWK5 SEN 5.50000% 0.00 1918,~~658~~616.3571 0.00 2-A-3 61745MWL3 SEN 5.50000% 4,524,000.00 20,~~627~~735.7100 0.00 2-A-4 61745MWM1 RTL 5.50000% 6,300,000.00 28,875.00 0.00 2-A-5 61745MWN9 SEN 5.50000% 12,500,000.00 5657,~~995~~291.2267 0.00 2-A-X 61745MWP4 SEN 5.50000% 0.00 9,~~639~~042.8859 0.00 2-A-P 61745MWQ2 PO 0.00000% ~~876~~858,~~471~~588.3719 0.00 1663,~~669~~530.2081 A-R 61745MWX7 SEN 5.60000% 0.00 0.00 0.00 B-1 61745MWR0 SUB 5.~~17208~~17286% 43,~~011~~984,~~891~~831.1876 17,~~265~~177.8549 13,~~506~~631.5766 B-2 61745MWS8 SUB 5.~~17208~~17286% 1,~~106~~099,~~593~~130.7701 4,~~762~~738.4104 3,~~725~~760.5000 B-3 61745MWT6 SUB 5.~~17208~~17286% ~~553~~549,~~296~~565.8800 2,~~381~~369.2102 1,~~862~~880.7500 B-4 61745MWU3 SUB 5.~~17208~~17286% ~~553~~549,~~296~~565.8800 2,~~381~~369.2102 1,~~862~~880.7500 B-5 61745MWV1 SUB 5.~~17208~~17286% ~~415~~412,~~461~~659.4423 1,~~788~~778.0186 1,~~398~~411.7166 B-6 61745MWW9 SUB 5.~~17208~~17286% ~~276~~275,~~993~~125.6538 1,~~192~~185.0999 ~~932~~941.5417 Totals ~~222~~217,~~609~~372,~~090~~385.7058 ~~975~~952,~~087~~297.0764 34,~~067~~619,~~753~~964.0500

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 3736,~~863~~830,~~122~~729.1295 ~~689~~925,~~892~~691.8917 0.00 1-A-2 0.00 8,~~649~~263,~~347~~449.0475 ~~244~~272,~~182~~603.6373 0.00 1-A-3 0.00 8,000,000.00 33,333.3433 0.00 1-A-4 0.00 54,~~096~~906,~~314~~418.0263 96210,~~923~~991.7961 0.00 1-A-5 0.00 1918,~~229~~469,~~180~~598.1562 ~~382~~839,~~878~~149.1645 0.00 1-A-6 0.00 ~~165~~166,~~411~~793.7607 0.00 0.00 1-A-7 0.00 1,~~692~~646,~~620~~469.8411 3041,~~840~~381.7580 0.00 1-A-8 0.00 98,~~158~~917,~~288~~802.7302 ~~171~~189,~~921~~439.8925 0.00 1-A-9 0.00 4644,~~085~~966,~~063~~521.8803 ~~803~~885,~~712~~404.8316 0.00 1-A-10 0.00 21,~~696~~170,~~848~~238.0810 ~~369~~407,~~224~~887.3426 0.00 1-A-11 0.00 0.00 4948,~~332~~064.4845 0.00 1-A-X 0.00 0.00 2524,~~512~~655.5741 0.00 1-A-P 0.00 2,~~273~~251,~~512~~236.1247 2811,~~058~~098.7259 0.00 2-A-1 0.00 2826,~~553~~196,~~581~~735.7558 ~~911~~1,~~500~~431,346.7774 0.00 2-A-2 0.00 0.00 1918,~~658~~616.3571 0.00 2-A-3 0.00 4,524,000.00 20,~~627~~735.7100 0.00 2-A-4 0.00 6,300,000.00 28,875.00 0.00 2-A-5 0.00 12,500,000.00 5657,~~995~~291.2267 0.00 2-A-X 0.00 0.00 9,~~639~~042.8859 0.00 2-A-P 0.00 ~~859~~795,~~802~~057.1738 1663,~~669~~530.2081 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 3,~~998~~971,~~384~~200.6110 30,~~772~~809.4215 0.00 B-2 0.00 1,~~102~~095,~~868~~370.2701 8,~~487~~498.9104 0.00 B-3 0.00 ~~551~~547,~~434~~685.1400 4,~~243~~249.9602 0.00 B-4 0.00 ~~551~~547,~~434~~685.1400 4,~~243~~249.9602 0.00 B-5 0.00 ~~414~~411,~~062~~247.7357 3,~~186~~190.7252 0.00 B-6 0.00 ~~276~~274,~~061~~184.1120 2,~~124~~127.6316 0.00 Totals 0.00 ~~219~~212,~~541~~752,~~337~~421.6659 45,~~042~~572,~~840~~261.1264 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) 1-A-1 46,976,000.00 3837,~~393~~599,~~043~~755.9947 ~~164~~163,~~266~~660.2051 ~~365~~605,~~655~~365.6602 0.00 0.00 1-A-2 10,000,000.00 8,~~866~~509,~~192~~814.2488 6752,~~218~~430.0930 ~~149~~193,~~627~~934.1182 0.00 0.00 1-A-3 8,000,000.00 8,000,000.00 0.00 0.00 0.00 0.00 1-A-4 10,000,000.00 5,~~171~~096,~~689~~176.1017 2340,~~364~~383.9133 52149,~~010~~374.1721 0.00 0.00 1-A-5 34,800,000.00 19,~~530~~228,~~680~~628.4778 93161,~~459~~533.6534 ~~208~~597,~~040~~496.6782 0.00 0.00 1-A-6 160,000.00 ~~164~~166,~~725~~100.4198 0.00 0.00 (~~686~~692.3609) 0.00 1-A-7 2,100,000.00 1,~~716~~680,~~310~~847.2938 7,~~343~~316.3023 1627,~~346~~062.1504 0.00 0.00 1-A-8 10,000,000.00 9,~~293~~071,~~424~~333.1591 4132,~~889~~673.5496 93120,~~245~~857.8893 0.00 0.00 1-A-9 50,000,000.00 4645,~~713~~680,~~600~~622.7084 ~~194~~151,~~835~~971.0589 ~~433~~562,~~701~~129.7692 0.00 0.00 1-A-10 23,540,000.00 21,~~992~~506,~~763~~437.2123 9171,~~728~~548.3437 ~~204~~264,~~186~~650.7977 0.00 0.00 1-A-11 0.00 0.00 0.00 0.00 0.00 0.00 1-A-X 0.00 0.00 0.00 0.00 0.00 0.00 1-A-P 2,450,783.00 2,~~301~~262,~~570~~335.8406 10,~~296~~204.6694 ~~17,762~~893.0765 0.00 0.00 2-A-1 53,630,000.00 2927,~~347~~516,~~085~~868.1331 5756,~~880~~862.5523 ~~735~~1,~~622~~263,270.8349 0.00 0.00 2-A-2 0.00 0.00 0.00 0.00 0.00 0.00 2-A-3 4,524,000.00 4,524,000.00 0.00 0.00 0.00 0.00 2-A-4 6,300,000.00 6,300,000.00 0.00 0.00 0.00 0.00 2-A-5 12,500,000.00 12,500,000.00 0.00 0.00 0.00 0.00 2-A-X 0.00 0.00 0.00 0.00 0.00 0.00 2-A-P 980,735.00 ~~876~~858,~~471~~588.3719 1,~~054~~047.6827 1562,~~614~~483.5254 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 4,104,000.00 43,~~011~~984,~~891~~831.1876 13,~~506~~631.5766 0.00 0.00 0.00 B-2 1,132,000.00 1,~~106~~099,~~593~~130.7701 3,~~725~~760.5000 0.00 0.00 0.00 B-3 566,000.00 ~~553~~549,~~296~~565.8800 1,~~862~~880.7500 0.00 0.00 0.00 B-4 566,000.00 ~~553~~549,~~296~~565.8800 1,~~862~~880.7500 0.00 0.00 0.00 B-5 425,000.00 ~~415~~412,~~461~~659.4423 1,~~398~~411.7166 0.00 0.00 0.00 B-6 283,353.00 ~~276~~275,~~993~~125.6538 ~~932~~941.5417 0.00 0.00 0.00 Totals 283,037,971.00 ~~222~~217,~~609~~372,~~090~~385.7058 ~~776~~773,~~625~~136.7986 23,~~291~~847,~~813~~519.6121 (~~686~~692.3609) 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 1-A-1 ~~529~~769,~~921~~025.8652 3736,~~863~~830,~~122~~729.1295 0.~~80600992~~78403291 ~~529~~769,~~921~~025.8652 1-A-2 ~~216~~246,~~845~~365.2013 8,~~649~~263,~~347~~449.0475 0.~~86493470~~82634497 ~~216~~246,~~845~~365.2013 1-A-3 0.00 8,000,000.00 1.00000000 0.00 1-A-4 75189,~~375~~757.0854 54,~~096~~906,~~314~~418.0263 0.~~50963140~~49064186 75189,~~375~~757.0854 1-A-5 ~~301~~759,~~500~~030.3216 1918,~~229~~469,~~180~~598.1562 0.~~55256265~~53073559 ~~301~~759,~~500~~030.3216 1-A-6 (~~686~~692.3609) ~~165~~166,~~411~~793.7607 1.~~03382350~~04245669 (~~686~~692.3609) 1-A-7 2334,~~689~~378.4627 1,~~692~~646,~~620~~469.8411 0.~~80600992~~78403291 2334,~~689~~378.4627 1-A-8 ~~135~~153,~~135~~531.4289 98,~~158~~917,~~288~~802.7302 0.~~91582887~~89178020 ~~135~~153,~~135~~531.4289 1-A-9 ~~628~~714,~~536~~101.82 4644,~~085~~966,~~063~~521.8803 0.~~92170128~~89933042 ~~628~~714,~~536~~101.82 1-A-10 ~~295~~336,~~915~~199.1314 21,~~696~~170,~~848~~238.0810 0.~~92170128~~89933042 ~~295~~336,~~915~~199.1314 1-A-11 0.00 0.00 0.00000000 0.00 1-A-X 0.00 0.00 0.00000000 0.00 1-A-P 2811,~~058~~098.7259 2,~~273~~251,~~512~~236.1247 0.~~92766766~~91857846 2811,~~058~~098.7259 2-A-1 ~~793~~1,~~503~~320,132.3873 2826,~~553~~196,~~581~~735.7558 0.~~53241808~~48847167 ~~793~~1,~~503~~320,132.3873 2-A-2 0.00 0.00 0.00000000 0.00 2-A-3 0.00 4,524,000.00 1.00000000 0.00 2-A-4 0.00 6,300,000.00 1.00000000 0.00 2-A-5 0.00 12,500,000.00 1.00000000 0.00 2-A-X 0.00 0.00 0.00000000 0.00 2-A-P 1663,~~669~~530.2081 ~~859~~795,~~802~~057.1738 0.~~87669163~~81067503 1663,~~669~~530.2081 A-R 0.00 0.00 0.00000000 0.00 B-1 13,~~506~~631.5766 3,~~998~~971,~~384~~200.6110 0.~~97426526~~96764135 13,~~506~~631.5766 B-2 3,~~725~~760.5000 1,~~102~~095,~~868~~370.2701 0.~~97426526~~96764135 3,~~725~~760.5000 B-3 1,~~862~~880.7500 ~~551~~547,~~434~~685.1400 0.~~97426527~~96764134 1,~~862~~880.7500 B-4 1,~~862~~880.7500 ~~551~~547,~~434~~685.1400 0.~~97426527~~96764134 1,~~862~~880.7500 B-5 1,~~398~~411.7166 ~~414~~411,~~062~~247.7357 0.~~97426525~~96764134 1,~~398~~411.7166 B-6 ~~932~~941.5417 ~~276~~274,~~061~~184.1120 0.~~97426570~~96764178 ~~932~~941.5417 Totals 34,~~067~~619,~~753~~964.0500 ~~219~~212,~~541~~752,~~337~~421.6659 0.~~77566037~~75167449 34,~~067~~619,~~753~~964.0500

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 46,976,000.00 ~~817~~800.~~29061627~~40351392 3.~~49681114~~48391753 712.~~78388241~~88668724 0.00000000 1-A-2 10,000,000.00 ~~886~~850.~~61922400~~98148800 65.~~72180900~~24303000 1419.~~96271100~~39348200 0.00000000 1-A-3 8,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-A-4 10,000,000.00 ~~517~~509.~~16891000~~61761700 24.~~33649100~~03833300 514.~~20101700~~93742100 0.00000000 1-A-5 34,800,000.00 ~~561~~552.~~22645029~~54680402 24.~~68562213~~64176264 517.~~97818017~~16944885 0.00000000 1-A-6 160,000.00 ~~1029~~1038.~~53381250~~13112500 0.00000000 0.00000000 (4.~~28975000~~32556250) 1-A-7 2,100,000.00 ~~817~~800.~~29061429~~40351429 3.~~49680952~~48391905 712.~~78388095~~88668571 0.00000000 1-A-8 10,000,000.00 ~~929~~907.~~34241500~~13339100 43.~~18895400~~26739600 912.~~32458800~~08579300 0.00000000 1-A-9 50,000,000.00 ~~934~~913.~~27201400~~61245680 3.~~89670100~~03943780 811.~~67403520~~24259840 0.00000000 1-A-10 23,540,000.00 ~~934~~913.~~27201402~~61245667 3.~~89670093~~03943798 811.~~67403526~~24259856 0.00000000 1-A-11 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-P 2,450,783.00 ~~939~~923.~~11653541~~10704783 4.~~20137564~~16395087 70.~~24750825~~36463857 0.00000000 2-A-1 53,630,000.00 ~~547~~513.~~21396849~~08723308 1.~~07925695~~06026907 1323.~~71662931~~55529536 0.00000000 2-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-3 4,524,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-4 6,300,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-5 12,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-P 980,735.00 ~~893~~875.~~68827461~~45380760 1.~~07539753~~06784198 1563.~~92124274~~71093109 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,104,000.00 ~~977~~970.~~55633041~~96290448 3.~~29107456~~32155458 0.00000000 0.00000000 B-2 1,132,000.00 ~~977~~970.~~55633392~~96290636 3.~~29107774~~32155477 0.00000000 0.00000000 B-3 566,000.00 ~~977~~970.~~55632509~~96289753 3.~~29107774~~32155477 0.00000000 0.00000000 B-4 566,000.00 ~~977~~970.~~55632509~~96289753 3.~~29107774~~32155477 0.00000000 0.00000000 B-5 425,000.00 ~~977~~970.~~55632941~~96289412 3.~~29108235~~32155294 0.00000000 0.00000000 B-6 283,353.00 ~~977~~970.~~55679312~~96335666 3.~~29108921~~32154592 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 1-A-1 0.00000000 1116.~~28069355~~37060456 ~~806~~784.~~00992251~~03290936 0.~~80600992~~78403291 1116.~~28069355~~37060456 1-A-2 0.00000000 2124.~~68452000~~63651300 ~~864~~826.~~93470400~~34497500 0.~~86493470~~82634497 2124.~~68452000~~63651300 1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 1-A-4 0.00000000 718.~~53750800~~97575400 ~~509~~490.~~63140200~~64186300 0.~~50963140~~49064186 718.~~53750800~~97575400 1-A-5 0.00000000 821.~~66380230~~81121149 ~~552~~530.~~56264799~~73559253 0.~~55256265~~53073559 821.~~66380230~~81121149 1-A-6 0.00000000 (4.~~28975000~~32556250) 1,~~033~~042.~~82350000~~45668750 1.~~03382350~~04245669 (4.~~28975000~~32556250) 1-A-7 0.00000000 1116.~~28069524~~37060476 ~~806~~784.~~00992381~~03290952 0.~~80600992~~78403291 1116.~~28069524~~37060476 1-A-8 0.00000000 1315.~~51354200~~35318900 ~~915~~891.~~82887300~~78020200 0.~~91582887~~89178020 1315.~~51354200~~35318900 1-A-9 0.00000000 1214.~~57073640~~28203640 ~~921~~899.~~70127760~~33042060 0.~~92170128~~89933042 1214.~~57073640~~28203640 1-A-10 0.00000000 1214.~~57073619~~28203653 ~~921~~899.~~70127782~~33042056 0.~~92170128~~89933042 1214.~~57073619~~28203653 1-A-11 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-P 0.00000000 114.~~44887981~~52858943 ~~927~~918.~~66765560~~57845839 0.~~92766766~~91857846 114.~~44887981~~52858943 2-A-1 0.00000000 1424.~~79588626~~61556461 ~~532~~488.~~41808223~~47166847 0.~~53241808~~48847167 1424.~~79588626~~61556461 2-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-P 0.00000000 1664.~~99664027~~77877306 ~~876~~810.~~69163434~~67503454 0.~~87669163~~81067503 1664.~~99664027~~77877306 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 3.~~29107456~~32155458 ~~974~~967.~~26525585~~64134990 0.~~97426526~~96764135 3.~~29107456~~32155458 B-2 0.00000000 3.~~29107774~~32155477 ~~974~~967.~~26525618~~64135159 0.~~97426526~~96764135 3.~~29107774~~32155477 B-3 0.00000000 3.~~29107774~~32155477 ~~974~~967.~~26526502~~64134276 0.~~97426527~~96764134 3.~~29107774~~32155477 B-4 0.00000000 3.~~29107774~~32155477 ~~974~~967.~~26526502~~64134276 0.~~97426527~~96764134 3.~~29107774~~32155477 B-5 0.00000000 3.~~29108235~~32155294 ~~974~~967.~~26524706~~64134118 0.~~97426525~~96764134 3.~~29108235~~32155294 B-6 0.00000000 3.~~29108921~~32154592 ~~974~~967.~~26570391~~64177545 0.~~97426570~~96764178 3.~~29108921~~32154592 (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 1-A-1 46,976,000.00 5.00000% 3837,~~393~~599,~~043~~755.9947 ~~159~~156,~~971~~665.0265 0.00 0.00 1-A-2 10,000,000.00 3.70000% 8,~~866~~509,~~192~~814.2488 2726,~~337~~238.4360 0.00 0.00 1-A-3 8,000,000.00 5.00000% 8,000,000.00 33,333.33 0.00 0.00 1-A-4 10,000,000.00 5.00000% 5,~~171~~096,~~689~~176.1017 21,~~548~~234.7007 0.00 0.00 1-A-5 34,800,000.00 5.00000% 19,~~530~~228,~~680~~628.4778 8180,~~377~~119.8429 0.00 0.00 1-A-6 160,000.00 5.00000% ~~164~~166,~~725~~100.4198 ~~686~~692.3609 0.00 0.00 1-A-7 2,100,000.00 5.00000% 1,~~716~~680,~~310~~847.2938 7,~~151~~003.2953 0.00 0.00 1-A-8 10,000,000.00 4.75000% 9,~~293~~071,~~424~~333.1591 3635,~~786~~907.4736 0.00 0.00 1-A-9 50,000,000.00 4.50000% 4645,~~713~~680,~~600~~622.7084 ~~175~~171,~~176~~302.0034 0.00 0.00 1-A-10 23,540,000.00 4.00000% 21,~~992~~506,~~763~~437.2123 7371,~~309~~688.2112 0.00 0.00 1-A-11 0.00 5.00000% 11,~~839~~535,~~793~~468.9030 4948,~~332~~064.4745 0.00 0.00 1-A-X 0.00 5.00000% 65,~~123~~917,~~017~~298.1197 2524,~~512~~655.5741 0.00 0.00 1-A-P 2,450,783.00 0.00000% 2,~~301~~262,~~570~~335.8406 0.00 0.00 0.00 2-A-1 53,630,000.00 4.85000% 2927,~~347~~516,~~085~~868.1331 ~~118~~111,~~611~~214.1401 0.00 0.00 2-A-2 0.00 5.50000% 4,~~311~~061,~~402~~827.5250 1918,~~760~~616.5971 0.00 0.00 2-A-3 4,524,000.00 5.50000% 4,524,000.00 20,735.00 0.00 0.00 2-A-4 6,300,000.00 5.50000% 6,300,000.00 28,875.00 0.00 0.00 2-A-5 12,500,000.00 5.50000% 12,500,000.00 57,291.67 0.00 0.00 2-A-X 0.00 5.50000% 21,~~114~~972,~~186~~929.9971 9,~~690~~042.0259 0.00 0.00 2-A-P 980,735.00 0.00000% ~~876~~858,~~471~~588.3719 0.00 0.00 0.00 A-R 100.00 5.60000% 0.00 0.00 0.00 0.00 B-1 4,104,000.00 5.~~17208~~17286% 43,~~011~~984,~~891~~831.1876 17,~~291~~177.5149 0.00 0.00 B-2 1,132,000.00 5.~~17208~~17286% 1,~~106~~099,~~593~~130.7701 4,~~769~~738.4904 0.00 0.00 B-3 566,000.00 5.~~17208~~17286% ~~553~~549,~~296~~565.8800 2,~~384~~369.7502 0.00 0.00 B-4 566,000.00 5.~~17208~~17286% ~~553~~549,~~296~~565.8800 2,~~384~~369.7502 0.00 0.00 B-5 425,000.00 5.~~17208~~17286% ~~415~~412,~~461~~659.4423 1,~~790~~778.6786 0.00 0.00 B-6 283,353.00 5.~~17208~~17286% ~~276~~275,~~993~~125.6538 1,~~193~~185.8699 0.00 0.00 Totals 283,037,971.00 ~~976~~952,~~301~~297.1464 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 1-A-1 (0.~~01)~~00 0.00 ~~159~~156,~~971~~665.0365 0.00 3736,~~863~~830,~~122~~729.1295 1-A-2 0.00 0.00 2726,~~337~~238.4360 0.00 8,~~649~~263,~~347~~449.0475 1-A-3 0.00 0.00 33,333.3433 0.00 8,000,000.00 1-A-4 0.00 0.00 21,~~548~~234.7107 0.00 54,~~096~~906,~~314~~418.0263 1-A-5 0.00 0.00 8180,~~377~~119.8429 0.00 1918,~~229~~469,~~180~~598.1562 1-A-6 0.00 0.00 ~~686~~692.3609 0.00 ~~165~~166,~~411~~793.7607 1-A-7 0.00 0.00 7,~~151~~003.2953 0.00 1,~~692~~646,~~620~~469.8411 1-A-8 0.00 0.00 3635,~~786~~907.4736 0.00 98,~~158~~917,~~288~~802.7302 1-A-9 (0.~~01)~~00 0.00 ~~175~~171,~~176~~302.0134 0.00 4644,~~085~~966,~~063~~521.8803 1-A-10 0.00 0.00 7371,~~309~~688.2112 0.00 21,~~696~~170,~~848~~238.0810 1-A-11 0.00 0.00 4948,~~332~~064.4845 0.00 11,~~654~~325,~~620~~086.6776 1-A-X 0.00 0.00 2524,~~512~~655.5741 0.00 65,~~009~~760,~~186~~870.7375 1-A-P 0.00 0.00 0.00 0.00 2,~~273~~251,~~512~~236.1247 2-A-1 ~~613~~0.7400 0.00 ~~117~~111,~~997~~214.3901 0.00 2826,~~553~~196,~~581~~735.7558 2-A-2 ~~102~~0.2500 0.00 1918,~~658~~616.3571 0.00 43,~~203~~881,~~197~~809.5140 2-A-3 ~~107~~0.2900 0.00 20,~~627~~735.7100 0.00 4,524,000.00 2-A-4 0.00 0.00 28,875.00 0.00 6,300,000.00 2-A-5 ~~296~~0.4500 0.00 5657,~~995~~291.2267 0.00 12,500,000.00 2-A-X 500.1400 0.00 9,~~639~~042.8859 0.00 21,~~022~~897,~~815~~577.5939 2-A-P 0.00 0.00 0.00 0.00 ~~859~~795,~~802~~057.1738 A-R 0.00 0.00 0.00 0.00 0.00 B-1 250.6600 0.00 17,~~265~~177.8549 0.00 3,~~998~~971,~~384~~200.6110 B-2 70.0800 0.00 4,~~762~~738.4104 0.00 1,~~102~~095,~~868~~370.2701 B-3 30.5400 0.00 2,~~381~~369.2102 0.00 ~~551~~547,~~434~~685.1400 B-4 30.5400 0.00 2,~~381~~369.2102 0.00 ~~551~~547,~~434~~685.1400 B-5 20.6600 0.00 1,~~788~~778.0186 0.00 ~~414~~411,~~062~~247.7357 B-6 10.7700 0.00 1,~~192~~185.0999 0.00 ~~276~~274,~~061~~184.1120 Totals ~~1,214~~0.1000 0.00 ~~975~~952,~~087~~297.0764 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 1-A-1 46,976,000.00 5.00000% ~~817~~800.~~29061627~~40351392 3.~~40537764~~33501469 0.00000000 0.00000000 1-A-2 10,000,000.00 3.70000% ~~886~~850.~~61922400~~98148800 2.~~73374300~~62386000 0.00000000 0.00000000 1-A-3 8,000,000.00 5.00000% 1000.00000000 4.16666625 0.00000000 0.00000000 1-A-4 10,000,000.00 5.00000% ~~517~~509.~~16891000~~61761700 2.~~15487000~~12340700 0.00000000 0.00000000 1-A-5 34,800,000.00 5.00000% ~~561~~552.~~22645029~~54680402 2.~~33844368~~30227845 0.00000000 0.00000000 1-A-6 160,000.00 5.00000% ~~1029~~1038.~~53381250~~13112500 4.~~28975000~~32556250 0.00000000 0.00000000 1-A-7 2,100,000.00 5.00000% ~~817~~800.~~29061429~~40351429 3.~~40537619~~33501429 0.00000000 0.00000000 1-A-8 10,000,000.00 4.75000% ~~929~~907.~~34241500~~13339100 3.~~67864700~~59073600 0.00000000 0.00000000 1-A-9 50,000,000.00 4.50000% ~~934~~913.~~27201400~~61245680 3.~~50352000~~42604680 0.00000000 0.00000000 1-A-10 23,540,000.00 4.00000% ~~934~~913.~~27201402~~61245667 3.~~11424002~~04537468 0.00000000 0.00000000 1-A-11 0.00 5.00000% ~~924~~900.~~40614460~~64555746 3.~~85169191~~75268973 0.00000000 0.00000000 1-A-X 0.00 5.00000% ~~790~~763.~~40568654~~85002211 3.~~29335686~~18270812 0.00000000 0.00000000 1-A-P 2,450,783.00 0.00000% ~~939~~923.~~11653541~~10704783 0.00000000 0.00000000 0.00000000 2-A-1 53,630,000.00 4.85000% ~~547~~513.~~21396849~~08723308 2.~~21165654~~07372758 0.00000000 0.00000000 2-A-2 0.00 5.50000% ~~565~~532.~~59977156~~85878446 2.~~59233165~~44226951 0.00000000 0.00000000 2-A-3 4,524,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 2-A-4 6,300,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 2-A-5 12,500,000.00 5.50000% 1000.00000000 4.58333360 0.00000000 0.00000000 2-A-X 0.00 5.50000% ~~433~~404.~~52658467~~56094140 1.~~98699609~~85423672 0.00000000 0.00000000 2-A-P 980,735.00 0.00000% ~~893~~875.~~68827461~~45380760 0.00000000 0.00000000 0.00000000 A-R 100.00 5.60000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 4,104,000.00 5.~~17208~~17286% ~~977~~970.~~55633041~~96290448 4.~~21333090~~18554825 0.00000000 0.00000000 B-2 1,132,000.00 5.~~17208~~17286% ~~977~~970.~~55633392~~96290636 4.~~21333039~~18554770 0.00000000 0.00000000 B-3 566,000.00 5.~~17208~~17286% ~~977~~970.~~55632509~~96289753 4.~~21333922~~18554770 0.00000000 0.00000000 B-4 566,000.00 5.~~17208~~17286% ~~977~~970.~~55632509~~96289753 4.~~21333922~~18554770 0.00000000 0.00000000 B-5 425,000.00 5.~~17208~~17286% ~~977~~970.~~55632941~~96289412 4.~~21334118~~18555294 0.00000000 0.00000000 B-6 283,353.00 5.~~17208~~17286% ~~977~~970.~~55679312~~96335666 4.~~21333107~~18555653 0.00000000 0.00000000 (5) All Classes are Per $1,000 ~~denomination.~~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 1-A-1 (0.~~00000021)~~00000000 0.00000000 3.~~40537785~~33501469 0.00000000 ~~806~~784.~~00992251~~03290936 1-A-2 0.00000000 0.00000000 2.~~73374300~~62386000 0.00000000 ~~864~~826.~~93470400~~34497500 1-A-3 0.00000000 0.00000000 4.~~16666750~~16666625 0.00000000 1000.00000000 1-A-4 0.00000000 0.00000000 2.~~15487100~~12340700 0.00000000 ~~509~~490.~~63140200~~64186300 1-A-5 0.00000000 0.00000000 2.~~33844368~~30227845 0.00000000 ~~552~~530.~~56264799~~73559253 1-A-6 0.00000000 0.00000000 4.~~28975000~~32556250 0.00000000 ~~1033~~1042.~~82350000~~45668750 1-A-7 0.00000000 0.00000000 3.~~40537619~~33501429 0.00000000 ~~806~~784.~~00992381~~03290952 1-A-8 0.00000000 0.00000000 3.~~67864700~~59073600 0.00000000 ~~915~~891.~~82887300~~78020200 1-A-9 (0.~~00000020)~~00000000 0.00000000 3.~~50352020~~42604680 0.00000000 ~~921~~899.~~70127760~~33042060 1-A-10 0.00000000 0.00000000 3.~~11424002~~04537468 0.00000000 ~~921~~899.~~70127782~~33042056 1-A-11 0.00000000 0.00000000 3.~~85169269~~75268973 0.00000000 ~~909~~884.~~94852202~~21976577 1-A-X 0.00000000 0.00000000 3.~~29335686~~18270812 0.00000000 ~~775~~743.~~71159407~~65707599 1-A-P 0.00000000 0.00000000 0.00000000 0.00000000 ~~927~~918.~~66765560~~57845839 2-A-1 0.~~01144397~~00000000 0.00000000 2.~~20021238~~07372758 0.00000000 ~~532~~488.~~41808223~~47166847 2-A-2 0.~~01341387~~00000000 0.00000000 2.~~57891909~~44226951 0.00000000 ~~551~~509.~~40468571~~24275794 2-A-3 0.~~02371574~~00000000 0.00000000 4.~~55961760~~58333333 0.00000000 1000.00000000 2-A-4 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000 2-A-5 0.~~02371600~~00000000 0.00000000 4.~~55961760~~58333360 0.00000000 1000.00000000 2-A-X 0.~~01028150~~00000000 0.00000000 1.~~97671458~~85423672 0.00000000 ~~414~~389.~~79033705~~10950116 2-A-P 0.00000000 0.00000000 0.00000000 0.00000000 ~~876~~810.~~69163434~~67503454 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.~~00625244~~00000000 0.00000000 4.~~20707846~~18554825 0.00000000 ~~974~~967.~~26525585~~64134990 B-2 0.~~00625442~~00000000 0.00000000 4.~~20707597~~18554770 0.00000000 ~~974~~967.~~26525618~~64135159 B-3 0.~~00625442~~00000000 0.00000000 4.~~20708481~~18554770 0.00000000 ~~974~~967.~~26526502~~64134276 B-4 0.~~00625442~~00000000 0.00000000 4.~~20708481~~18554770 0.00000000 ~~974~~967.~~26526502~~64134276 B-5 0.~~00625882~~00000000 0.00000000 4.~~20708235~~18555294 0.00000000 ~~974~~967.~~26524706~~64134118 B-6 0.~~00624663~~00000000 0.00000000 4.~~20708445~~18555653 0.00000000 ~~974~~967.~~26570391~~64177545 (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 45,~~101~~628,~~340~~601.2242 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) 0.00 Prepayment Penalties 0.00 Total Deposits 45,~~101~~628,~~340~~601.2242 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 5856,~~500~~339.1080 Payment of Interest and Principal 45,~~042~~572,~~840~~261.1262 Total Withdrawals (Pool Distribution Amount) 45,~~101~~628,~~340~~601.2242 Ending Balance 0.00

PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall ~~1,363~~0.5100

SERVICING FEES Gross Servicing Fee 5250,~~150~~942.6023 LPMI 54,~~236~~310.4370 Master Servicing Fee 1,~~113~~086.0787 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5856,~~500~~339.1080

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 9,~~925~~694.4874 ~~149~~0.4100 0.00 9,~~776~~694.0774 Class 2-A-4 Rounding Account 999.99 0.00 0.00 999.99

LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 73 0 0 0 7 3 909,~~288,990~~224.1846 0.00 0.00 0.00 3909,~~288,990~~224.1846 60 Days 04 0 0 0 04 0798,411.0063 0.00 0.00 0.00 0798,411.0063 90 Days 01 0 0 0 01 0411,049.0088 0.00 0.00 0.00 0411,049.0088 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 20 0 20 0.00 0.00 ~~999,544~~0.6800 0.00 ~~999,544~~0.6800 180+ Days 0 0 02 0 02 0.00 0.00 0999,544.0068 0.00 0999,544.0068 Totals 78 0 2 0 910 32,~~288~~118,~~990~~685.1897 0.00 999,544.68 0.00 43,~~288~~118,~~534~~230.8665 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 10.~~338432~~589391% 0.000000% 0.000000% 0.000000% 10.~~338432~~589391% 10.~~493936~~426073% 0.000000% 0.000000% 0.000000% 10.~~493936~~426073% 60 Days 0.~~000000~~785855% 0.000000% 0.000000% 0.000000% 0.~~000000~~785855% 0.~~000000~~374144% 0.000000% 0.000000% 0.000000% 0.~~000000~~374144% 90 Days 0.~~000000~~196464% 0.000000% 0.000000% 0.000000% 0.~~000000~~196464% 0.~~000000~~192622% 0.000000% 0.000000% 0.000000% 0.~~000000~~192622% 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.~~382409~~000000% 0.000000% 0.~~382409~~000000% 0.000000% 0.000000% 0.~~454017~~000000% 0.000000% 0.~~454017~~000000% 180+ Days 0.000000% 0.000000% 0.~~000000~~392927% 0.000000% 0.~~000000~~392927% 0.000000% 0.000000% 0.~~000000~~468398% 0.000000% 0.~~000000~~468398% Totals 1.~~338432~~571709% 0.000000% 0.~~382409~~392927% 0.000000% 1.~~720841~~964637% 10.~~493936~~992840% 0.000000% 0.~~454017~~468398% 0.000000% 1.~~947953~~461237%

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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 41 0 0 0 41 281,~~147,944~~664.4714 0.00 0.00 0.00 281,~~147,944~~664.4714 60 Days 03 0 0 0 03 0411,532.0061 0.00 0.00 0.00 0411,532.0061 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4 0 0 0 4 2493,~~147,944~~196.4775 0.00 0.00 0.00 2493,~~147,944~~196.4775 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~992556~~254453% 0.000000% 0.000000% 0.000000% 0.~~992556~~254453% 10.~~298820~~050711% 0.000000% 0.000000% 0.000000% 10.~~298820~~050711% 60 Days 0.~~000000~~763359% 0.000000% 0.000000% 0.000000% 0.~~000000~~763359% 0.~~000000~~255547% 0.000000% 0.000000% 0.000000% 0.~~000000~~255547% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 01.~~992556~~017812% 0.000000% 0.000000% 0.000000% 01.~~992556~~017812% 10.~~298820~~306258% 0.000000% 0.000000% 0.000000% 10.~~298820~~306258% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 32 0 0 0 32 1827,~~141,045~~560.7132 0.00 0.00 0.00 1827,~~141,045~~560.7132 60 Days 01 0 0 0 01 0386,879.0002 0.00 0.00 0.00 0386,879.0002 90 Days 01 0 0 0 01 0411,049.0088 0.00 0.00 0.00 0411,049.0088 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 20 0 20 0.00 0.00 ~~999,544~~0.6800 0.00 ~~999,544~~0.6800 180 Days 0 0 02 0 02 0.00 0.00 0999,544.0068 0.00 0999,544.0068 Totals 34 0 2 0 56 1,~~141~~625,~~045~~489.7122 0.00 999,544.68 0.00 2,~~140~~625,~~590~~033.3990 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 21.~~500000~~724138% 0.000000% 0.000000% 0.000000% 21.~~500000~~724138% 21.~~082983~~580618% 0.000000% 0.000000% 0.000000% 21.~~082983~~580618% 60 Days 0.~~000000~~862069% 0.000000% 0.000000% 0.000000% 0.~~000000~~862069% 0.~~000000~~738929% 0.000000% 0.000000% 0.000000% 0.~~000000~~738929% 90 Days 0.~~000000~~862069% 0.000000% 0.000000% 0.000000% 0.~~000000~~862069% 0.~~000000~~785094% 0.000000% 0.000000% 0.000000% 0.~~000000~~785094% 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% 10.~~666667~~000000% 0.000000% 10.~~666667~~000000% 0.000000% 0.000000% 10.~~824672~~000000% 0.000000% 10.~~824672~~000000% 180 Days 0.000000% 0.000000% 01.~~000000~~724138% 0.000000% 01.~~000000~~724138% 0.000000% 0.000000% 01.~~000000~~909103% 0.000000% 01.~~000000~~909103% Totals 23.~~500000~~448276% 0.000000% 1.~~666667~~724138% 0.000000% 45.~~166667~~172414% 23.~~082983~~104641% 0.000000% 1.~~824672~~909103% 0.000000% 35.~~907655~~013744%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3019,~~571~~479.8418

CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.05299642% 150,000.00 0.~~06832426~~07050449% Fraud 7,075,950.00 2.50000025% 7,075,950.00 3.~~22306044~~32590809% Special Hazard 2,859,670.00 1.01034853% 2,~~768~~744,~~275~~899.2448 1.~~26093576~~29018484% Limit of Subordinate's Exposure to Certain Types of Losses

COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 5.~~581046~~571061% Weighted Average Pass-Through Rate 5.~~265694~~260039% Weighted Average Maturity (Stepdown Calculation) ~~214~~206 Beginning Scheduled Collateral Loan Count ~~531~~518 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count ~~523~~509 Beginning Scheduled Collateral Balance ~~222~~217,~~609~~372,~~090~~385.7058 Ending Scheduled Collateral Balance ~~219~~212,~~541~~752,~~337~~421.6659 Ending Actual Collateral Balance at 31-~~Aug~~Oct-2004 ~~220~~213,~~156~~396,~~008~~617.6848 Monthly P &I Constant 1,~~811~~782,~~739~~152.2600 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 35,~~946~~445,~~747~~034.4031 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans ~~219~~212,~~541~~752,~~337~~421.6560 Scheduled Principal ~~776~~772,~~413~~989.0358 Unscheduled Principal 23,~~291~~846,~~340~~974.0141

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15 Year Fixed 30 Year Mixed Fixed Weighted Average Coupon Rate 5.~~412321~~409603 6.~~088688~~063427 5.~~581046~~571061 Weighted Average Net Rate 5.~~120852~~118138 5.~~838689~~813427 5.~~299922~~289836 Weighted Average Maturity ~~172~~170 ~~350~~348 ~~214~~206 Beginning Loan Count ~~409~~400 ~~122~~118 ~~531~~518 Loans Paid In Full 67 2 89 Ending Loan Count ~~403~~393 ~~120~~116 ~~523~~509 Beginning Scheduled Balance ~~167~~163,~~077~~693,~~612~~383.1760 5553,~~531~~679,~~478~~001.5299 ~~222~~217,~~609~~372,~~090~~385.6959 Ending scheduled Balance ~~164~~160,~~822~~459,~~211~~297.8514 5452,~~719~~293,~~125~~124.8046 ~~219~~212,~~541~~752,~~337~~421.6560 Record Date 0810/31/2004 0810/31/2004 0810/31/2004 Principal And Interest Constant 1,~~468~~450,~~862~~796.3626 ~~342~~331,~~876~~355.9074 1,~~811~~782,~~739~~152.2600 Scheduled Principal ~~715~~712,~~297~~866.6608 6160,~~115~~123.3750 ~~776~~772,~~413~~989.0358 Unscheduled Principal 12,~~540~~521,~~102~~220.6638 ~~751~~1,~~237~~325,754.3503 23,~~291~~846,~~340~~974.0141 Scheduled Interest ~~753~~737,~~564~~930.7018 ~~281~~271,~~761~~232.5324 1,~~035~~009,~~326~~162.2342 Servicing Fees 4039,~~581~~759.5811 11,~~569~~183.0212 5250,~~150~~942.6023 Master Servicing Fees ~~835~~818.4148 ~~277~~268.6639 1,~~113~~086.0787 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 6867.2880 54,~~168~~242.1590 54,~~236~~310.4370 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 ~~712~~697,~~079~~284.4379 ~~264~~255,~~746~~537.7083 ~~976~~952,~~826~~822.1362 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 5.~~114362~~111641 5.~~721008~~712576 5.~~265694~~260039

Miscellaneous Reporting Group Group 1 Senior Percentage 9796.~~005868~~970019% Subordinate Percentage 23.~~994132~~029981% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000% Group Group 2 Senior Percentage 96.~~370100~~252310% Subordinate Percentage 3.~~629900~~747690% Senior Prepayment Percentage 100.000000% Subordinate Prepayment Percentage 0.000000%

Filing Compare · MORGAN STANLEY DEAN WITTER MORT PAS THR CERTS SER 2004-1