8-K 1 hma04001_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 HOMESTAR MORTGAGE ACCEPTANCE CORP. Asset Backed Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-107563-01 54-2147373 Pooling and Servicing Agreement) (Commission 54-2147374 (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 HOMESTAR MORTGAGE ACCEPTANCE CORP., Asset Backed 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 Asset Backed 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. HOMESTAR MORTGAGE ACCEPTANCE CORP. Asset Backed 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: 12/2/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2004-1 Trust, relating to the November 26, 2004 distribution. EX-99.1

Homestar Mortgage Acceptance Corp Mortgage Pass-Through Certificates Record Date: 710/31/2004 Distribution Date: 811/2526/2004 HMAC 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 A-1 437690AA8 SEN 12.~~77000~~25250% ~~238~~217,~~595~~394,~~407~~016.8076 ~~351~~435,~~928~~271.2313 57,~~815~~703,~~850~~541.9621 A-2 437690AK6 SEN 12.~~87000~~35250% 2624,~~510~~155,~~807~~079.5104 4150,~~312~~510.6895 ~~646~~855,~~210~~955.70 M-1 437690AB6 MEZ 12.~~98000~~46250% 5,265,000.00 811,~~687~~524.2550 0.00 M-2 437690AC4 MEZ 2.~~01000~~49250% 4,645,000.00 710,~~780~~291.3726 0.00 M-3 437690AD2 MEZ 2.~~08000~~56250% 3,097,000.00 57,~~368~~054.1328 0.00 M-4 437690AE0 MEZ 2.~~50000~~98250% 2,323,000.00 46,~~839~~158.5853 0.00 M-5 437690AF7 MEZ 23.~~60000~~08250% 1,549,000.00 34,~~356~~244.1726 0.00 M-6 437690AG5 MEZ 23.~~80000~~28250% 3,097,000.00 79,~~226~~036.3336 0.00 M-7 437690AH3 MEZ 3.~~15000~~63250% 1,548,000.00 4,~~063~~998.5032 0.00 M-8 437690AJ9 MEZ 3.~~25000~~73250% 1,549,000.00 45,~~195~~139.2124 0.00 C HMA04001E OC 0.00000% 1,548,550.02 ~~886~~665,~~838~~605.6427 0.00 P HMA04001P Prepay 0.00000% 100.00 6963,~~686~~038.4222 0.00 R HMA0401R1 RES 0.00000% 0.00 0.00 0.00 Totals ~~289~~266,~~727~~170,~~865~~745.3382 1,~~395~~272,~~282~~872.5132 68,~~462~~559,~~061~~496.6691

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~232~~209,~~779~~690,~~556~~475.8455 68,~~167~~138,~~779~~812.1934 0.00 A-2 0.00 2523,~~864~~299,~~596~~123.8134 ~~687~~906,~~523~~466.3865 0.00 M-1 0.00 5,265,000.00 811,~~687~~524.2550 0.00 M-2 0.00 4,645,000.00 710,~~780~~291.3726 0.00 M-3 0.00 3,097,000.00 57,~~368~~054.1328 0.00 M-4 0.00 2,323,000.00 46,~~839~~158.5853 0.00 M-5 0.00 1,549,000.00 34,~~356~~244.1726 0.00 M-6 0.00 3,097,000.00 79,~~226~~036.3336 0.00 M-7 0.00 1,548,000.00 4,~~063~~998.5032 0.00 M-8 0.00 1,549,000.00 45,~~195~~139.2124 0.00 C 0.00 1,548,550.02 ~~886~~665,~~838~~605.6427 0.00 P 0.00 100.00 6963,~~686~~038.4222 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~283~~257,~~265~~611,~~803~~248.6791 79,~~857~~832,~~344~~369.1723 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-1 256,579,000.00 ~~238~~217,~~595~~394,~~407~~016.8076 0.00 57,~~815~~703,~~850~~541.9621 0.00 0.00 A-2 28,509,000.00 2624,~~510~~155,~~807~~079.5104 0.00 ~~646~~855,~~210~~955.70 0.00 0.00 M-1 5,265,000.00 5,265,000.00 0.00 0.00 0.00 0.00 M-2 4,645,000.00 4,645,000.00 0.00 0.00 0.00 0.00 M-3 3,097,000.00 3,097,000.00 0.00 0.00 0.00 0.00 M-4 2,323,000.00 2,323,000.00 0.00 0.00 0.00 0.00 M-5 1,549,000.00 1,549,000.00 0.00 0.00 0.00 0.00 M-6 3,097,000.00 3,097,000.00 0.00 0.00 0.00 0.00 M-7 1,548,000.00 1,548,000.00 0.00 0.00 0.00 0.00 M-8 1,549,000.00 1,549,000.00 0.00 0.00 0.00 0.00 C 1,548,904.70 1,548,550.02 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 309,710,004.70 ~~289~~266,~~727~~170,~~865~~745.3382 0.00 68,~~462~~559,~~061~~496.6691 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 57,~~815~~703,~~850~~541.9621 ~~232~~209,~~779~~690,~~556~~475.8455 0.~~90724321~~81725502 57,~~815~~703,~~850~~541.9621 A-2 ~~646~~855,~~210~~955.70 2523,~~864~~299,~~596~~123.8134 0.~~90724321~~81725502 ~~646~~855,~~210~~955.70 M-1 0.00 5,265,000.00 1.00000000 0.00 M-2 0.00 4,645,000.00 1.00000000 0.00 M-3 0.00 3,097,000.00 1.00000000 0.00 M-4 0.00 2,323,000.00 1.00000000 0.00 M-5 0.00 1,549,000.00 1.00000000 0.00 M-6 0.00 3,097,000.00 1.00000000 0.00 M-7 0.00 1,548,000.00 1.00000000 0.00 M-8 0.00 1,549,000.00 1.00000000 0.00 C 0.00 1,548,550.02 0.99977101 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 68,~~462~~559,~~061~~496.6691 ~~283~~257,~~265~~611,~~803~~248.6791 0.~~91461625~~83178213 68,~~462~~559,~~061~~496.6691

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 256,579,000.00 ~~929~~847.~~91011657~~27907101 0.00000000 2230.~~66690166~~02405189 0.00000000 A-2 28,509,000.00 ~~929~~847.~~91011645~~27907117 0.00000000 2230.~~66690168~~02405205 0.00000000 M-1 5,265,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 4,645,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 3,097,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 2,323,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 1,549,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 3,097,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 1,548,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 1,549,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 1,548,904.70 999.77101238 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 2230.~~66690166~~02405189 ~~907~~817.~~24321492~~25501912 0.~~90724321~~81725502 2230.~~66690166~~02405189 A-2 0.00000000 2230.~~66690168~~02405205 ~~907~~817.~~24321477~~25501912 0.~~90724321~~81725502 2230.~~66690168~~02405205 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 999.77101238 0.99977101 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-1 256,579,000.00 12.~~77000~~25250% ~~238~~217,~~595~~394,~~407~~016.8076 ~~351~~435,~~928~~271.2313 0.00 0.00 A-2 28,509,000.00 12.~~87000~~35250% 2624,~~510~~155,~~807~~079.5104 4150,~~312~~510.6895 0.00 0.00 M-1 5,265,000.00 12.~~98000~~46250% 5,265,000.00 811,~~687~~524.2550 0.00 0.00 M-2 4,645,000.00 2.~~01000~~49250% 4,645,000.00 710,~~780~~291.3726 0.00 0.00 M-3 3,097,000.00 2.~~08000~~56250% 3,097,000.00 57,~~368~~054.1328 0.00 0.00 M-4 2,323,000.00 2.~~50000~~98250% 2,323,000.00 46,~~839~~158.5853 0.00 0.00 M-5 1,549,000.00 23.~~60000~~08250% 1,549,000.00 34,~~356~~244.1726 0.00 0.00 M-6 3,097,000.00 23.~~80000~~28250% 3,097,000.00 79,~~226~~036.3336 0.00 0.00 M-7 1,548,000.00 3.~~15000~~63250% 1,548,000.00 4,~~063~~998.5032 0.00 0.00 M-8 1,549,000.00 3.~~25000~~73250% 1,549,000.00 45,~~195~~139.2124 0.00 0.00 C 1,548,904.70 0.00000% 1,548,550.02 0.00 0.00 0.00 P 100.00 0.00000% 0.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 309,710,004.70 ~~438~~544,~~757~~228.4583 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 ~~351~~435,~~928~~271.2313 0.00 ~~232~~209,~~779~~690,~~556~~475.8455 A-2 0.00 0.00 4150,~~312~~510.6895 0.00 2523,~~864~~299,~~596~~123.8134 M-1 0.00 0.00 811,~~687~~524.2550 0.00 5,265,000.00 M-2 0.00 0.00 710,~~780~~291.3726 0.00 4,645,000.00 M-3 0.00 0.00 57,~~368~~054.1328 0.00 3,097,000.00 M-4 0.00 0.00 46,~~839~~158.5853 0.00 2,323,000.00 M-5 0.00 0.00 34,~~356~~244.1726 0.00 1,549,000.00 M-6 0.00 0.00 79,~~226~~036.3336 0.00 3,097,000.00 M-7 0.00 0.00 4,~~063~~998.5032 0.00 1,548,000.00 M-8 0.00 0.00 45,~~195~~139.2124 0.00 1,549,000.00 C 0.00 0.00 ~~886~~665,~~838~~605.6427 0.00 1,548,550.02 P 0.00 0.00 6963,~~686~~038.4222 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,~~395~~272,~~282~~872.5132 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-1 256,579,000.00 12.~~77000~~25250% ~~929~~847.~~91011657~~27907101 1.~~37161744~~69644098 0.00000000 0.00000000 A-2 28,509,000.00 12.~~87000~~35250% ~~929~~847.~~91011645~~27907117 1.~~44911011~~77175453 0.00000000 0.00000000 M-1 5,265,000.00 12.~~98000~~46250% 1000.00000000 12.~~65000000~~18888889 0.00000000 0.00000000 M-2 4,645,000.00 2.~~01000~~49250% 1000.00000000 12.~~67499892~~21555651 0.00000000 0.00000000 M-3 3,097,000.00 2.~~08000~~56250% 1000.00000000 12.~~73333226~~27777850 0.00000000 0.00000000 M-4 2,323,000.00 2.~~50000~~98250% 1000.00000000 2.~~08333190~~65111063 0.00000000 0.00000000 M-5 1,549,000.00 23.~~60000~~08250% 1000.00000000 2.~~16666882~~74000000 0.00000000 0.00000000 M-6 3,097,000.00 23.~~80000~~28250% 1000.00000000 2.~~33333226~~91777850 0.00000000 0.00000000 M-7 1,548,000.00 3.~~15000~~63250% 1000.00000000 23.~~62500000~~22888889 0.00000000 0.00000000 M-8 1,549,000.00 3.~~25000~~73250% 1000.00000000 23.~~70833441~~31777921 0.00000000 0.00000000 C 1,548,904.70 0.00000% 999.77101238 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 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.~~37161744~~69644098 0.00000000 ~~907~~817.~~24321492~~25501912 A-2 0.00000000 0.00000000 1.~~44911011~~77175453 0.00000000 ~~907~~817.~~24321477~~25501912 M-1 0.00000000 0.00000000 12.~~65000000~~18888889 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 12.~~67499892~~21555651 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 12.~~73333226~~27777850 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 2.~~08333190~~65111063 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 2.~~16666882~~74000000 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 2.~~33333226~~91777850 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 23.~~62500000~~22888889 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 23.~~70833441~~31777921 0.00000000 1000.00000000 C 0.00000000 0.00000000 ~~572~~429.~~55855702~~72641893 0.00000000 999.77101238 P 0.00000000 0.00000000 ~~696864~~630382.20000000 0.00000000 0.00000000 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 79,~~921~~922,~~698~~400.6147 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4532,~~489~~553.6734 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 6963,~~686~~038.4222 Total Deposits 810,~~036~~017,~~874~~992.7003 Withdrawals Reimbursement for Servicer Advances 4764,~~423~~614.7687 Payment of Service Fee ~~132~~121,~~106~~007.7793 Payment of Interest and Principal 79,~~857~~832,~~344~~369.1723 Total Withdrawals (Pool Distribution Amount) 810,~~036~~017,~~874~~992.7003 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 8174,~~289~~286.0011 Master Servicing Fee 32,~~018~~772.0461 Radian Fee 4743,~~799~~949.7321 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~132~~121,~~106~~007.7793

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 01 0 0 01 0150,252.0054 0.00 0.00 0150,252.0054 30 Days 2911 0 0 0 2911 52,~~966~~610,~~142~~750.3023 0.00 0.00 0.00 52,~~966~~610,~~142~~750.3023 60 Days 45 0 0 0 45 ~~596~~1,~~633~~519,591.1118 0.00 0.00 0.00 ~~596~~1,~~633~~519,591.1118 90 Days 23 0 0 0 23 ~~354~~445,~~650~~157.0034 0.00 0.00 0.00 ~~354~~445,~~650~~157.0034 120 Days 5 0 0 2 0 52 ~~1,036,277.73~~ 0.00 0.00 192,497.95 0.00 1192,~~036,277~~497.7395 150 Days 01 0 0 0 01 0204,250.00 0.00 0.00 0.00 0204,250.00 180+ Days 03 0 0 01 04 0641,019.0054 0.00 0.00 0244,398.0076 0885,418.0030 Totals 4023 01 02 01 4027 75,~~953~~420,~~703~~768.1429 0150,252.0054 0192,497.0095 0244,398.0076 76,~~953~~007,~~703~~917.1454 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~~087108% 0.000000% 0.000000% 0.~~000000~~087108% 0.~~000000~~058292% 0.000000% 0.000000% 0.~~000000~~058292% 30 Days 20.~~329317~~958188% 0.000000% 0.000000% 0.000000% 20.~~329317~~958188% 21.~~105161~~012873% 0.000000% 0.000000% 0.000000% 21.~~105161~~012873% 60 Days 0.~~321285~~435540% 0.000000% 0.000000% 0.000000% 0.~~321285~~435540% 0.~~210523~~589544% 0.000000% 0.000000% 0.000000% 0.~~210523~~589544% 90 Days 0.~~160643~~261324% 0.000000% 0.000000% 0.000000% 0.~~160643~~261324% 0.~~125139~~172704% 0.000000% 0.000000% 0.000000% 0.~~125139~~172704% 120 Days 0.~~401606~~000000% 0.000000% 0.~~000000~~174216% 0.000000% 0.~~401606~~174216% 0.~~365652~~000000% 0.000000% 0.~~000000~~074682% 0.000000% 0.~~365652~~074682% 150 Days 0.~~000000~~087108% 0.000000% 0.000000% 0.000000% 0.~~000000~~087108% 0.~~000000~~079241% 0.000000% 0.000000% 0.000000% 0.~~000000~~079241% 180+ Days 0.~~000000~~261324% 0.000000% 0.000000% 0.~~000000~~087108% 0.~~000000~~348432% 0.~~000000~~248692% 0.000000% 0.000000% 0.~~000000~~094818% 0.~~000000~~343509% Totals 32.~~212851~~003484% 0.~~000000~~087108% 0.~~000000~~174216% 0.~~000000~~087108% 32.~~212851~~351916% 2.~~806474~~103055% 0.~~000000~~058292% 0.~~000000~~074682% 0.~~000000~~094818% 2.~~806474~~330846%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4532,~~489~~553.6734 Class A-2 24,621,904.70 7.94998943% 24,621,550.02 9.55763777% 9.044296% 0.000000% Class M-1 19,356,904.70 6.25001151% 19,356,550.02 7.51386056% 2.043777% 0.000000% Class M-2 14,711,904.70 4.75022093% 14,711,550.02 5.71075606% 1.803104% 0.000000% Class M-3 11,614,904.70 3.75025291% 11,614,550.02 4.50855701% 1.202199% 0.000000% Class M-4 9,291,904.70 3.00019617% 9,291,550.02 3.60681067% 0.901746% 0.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 0.601119% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 65.~~037540~~991396% Weighted Average Net Coupon 5.~~700855~~656486% Weighted Average Pass-Through Rate 5.~~490378~~445846% Weighted Average Maturity(Stepdown Calculation ) 1 Beginning Scheduled Collateral Loan Count 1,~~273~~183 Number Of Loans Paid In Full 2835 Ending Scheduled Collateral Loan Count 1,~~245~~148 Beginning Scheduled Collateral Balance ~~289~~266,~~727~~170,~~865~~745.3482 Ending Scheduled Collateral Balance ~~283~~257,~~265~~611,~~803~~248.6891 Ending Actual Collateral Balance at 31-~~Jul~~Oct-2004 ~~283~~257,~~405~~756,~~517~~897.0928 Monthly P &I Constant 1,~~630~~491,~~529~~076.0528 Special Servicing Fee 0.00 Prepayment Penalties 6963,~~686~~038.4222 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~283~~257,~~265~~611,~~803~~248.6891 Scheduled Principal ~~172~~162,~~826~~130.1889 Unscheduled Principal 68,~~289~~397,~~235~~366.4802

Other Income 01,896.0064

Miscellaneous Reporting General Excess Available Amt ~~886~~665,~~838~~605.6814 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 1,548,550.02 Excess Overcollateralization Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Specified Overcollateralization Amt 1,548,550.02

Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 6.~~467334~~422441 5.~~901725~~856910 65.~~037540~~991396 Weighted Average Net Rate 6.~~209515~~165427 5.~~540119~~497696 5.~~700855~~656486 Weighted Average Maturity ~~330~~327 ~~352~~349 1 Beginning Loan Count ~~293~~267 ~~980~~916 1,~~273~~183 Loans Paid In Full 76 2129 2835 Ending Loan Count ~~286~~261 ~~959~~887 1,~~245~~148 Beginning Scheduled Balance 6963,~~569~~297,~~781~~038.4720 ~~220~~202,~~158~~873,~~083~~707.8762 ~~289~~266,~~727~~170,~~865~~745.3482 Ending scheduled Balance 6761,~~908~~904,~~056~~349.9231 ~~215~~195,~~357~~706,~~746~~899.7660 ~~283~~257,~~265~~611,~~803~~248.6891 Record Date 0710/31/2004 0710/31/2004 0710/31/2004 Principal And Interest Constant ~~463~~423,~~597~~373.0924 1,~~166~~067,~~931~~703.9604 1,~~630~~491,~~529~~076.0528 Scheduled Principal 8884,~~654~~605.5634 8477,~~171~~525.6255 ~~172~~162,~~826~~130.1889 Unscheduled Principal 1,~~573~~308,~~069~~083.9955 47,~~716~~089,~~165~~282.4947 68,~~289~~397,~~235~~366.4802 Scheduled Interest ~~374~~338,~~942~~767.5390 1990,~~082,760~~177.3449 1,~~457~~328,~~702~~945.8739 Servicing Fees 1413,~~947~~556.0385 6660,~~341~~729.9726 8174,~~289~~286.0011 Master Servicing Fees ~~724~~659.6934 2,~~293~~113.3527 32,~~018~~772.0461 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 2,~~678~~230.6935 4541,~~121~~718.0486 4743,~~799~~949.7321 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 ~~357~~322,~~316~~980.8975 ~~971~~887,~~297~~729.3332 1,~~328~~210,~~614~~710.2207 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 6.~~150811~~110644 5.~~281681~~238428 5.~~490378~~445846

Filing Compare · HOMESTAR MORTGAGE ACCEP CORP ASST BACK CERTS SER 2004-1