8-K 1 aeg04001_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 AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-110187-01 54-2142310 Pooling and Servicing Agreement) (Commission 54-2142311 (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 AEGIS ASSET BACKED SECURITIES 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. AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/3/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-1 Trust, relating to the November 26, 2004 distribution. EX-99.1

AEGIS Asset Backed Securities Trust Mortgage Pass-Through Certificates Record Date: 910/2429/2004 Distribution Date: 911/2726/2004 AEGIS 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 00764MBC0 SEN 12.~~96500~~28250% ~~325~~292,~~768~~611,~~801~~361.9731 ~~586~~593,~~791~~675.0792 1520,~~441~~410,510.1064 M1 00764MBD8 MEZ 2.~~29500~~61250% 35,000,000.00 7381,~~631~~277.2578 0.00 M2 00764MBE6 MEZ 23.~~96500~~28250% 28,750,000.00 7883,~~140~~886.11 0.00 M3 00764MBF3 MEZ 3.~~16500~~48250% 7,500,000.00 2123,~~759~~216.3867 0.00 B1 00764MBG1 SUB 3.~~46500~~78250% 8,750,000.00 2729,~~792~~419.1944 0.00 B2 00764MBH9 SUB 3.~~61500~~93250% 7,500,000.00 2426,~~853~~216.1367 0.00 B3 00764MBJ5 SUB 5.~~61500~~93250% 7,500,000.00 3839,~~603~~550.1300 0.00 X AEG04001X SEN 0.00000% 12,500,315.16 1,~~721~~457,~~212~~513.4295 0.00 P AEG04001P SEN 0.00000% 100.00 ~~261~~361,~~657~~365.8710 0.00 R AEG0401R1 SEN 0.00000% 0.00 0.00 0.00 Totals ~~433~~400,~~269~~111,~~217~~776.1347 2,~~834~~696,~~440~~121.5564 1520,~~441~~410,510.1064

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A 0.00 ~~310~~272,~~327~~200,~~291~~850.8767 1621,~~028~~004,~~301~~186.1756 0.00 M1 0.00 35,000,000.00 7381,~~631~~277.2578 0.00 M2 0.00 28,750,000.00 7883,~~140~~886.11 0.00 M3 0.00 7,500,000.00 2123,~~759~~216.3867 0.00 B1 0.00 8,750,000.00 2729,~~792~~419.1944 0.00 B2 0.00 7,500,000.00 2426,~~853~~216.1367 0.00 B3 0.00 7,500,000.00 3839,~~603~~550.1300 0.00 X 0.00 12,500,315.16 1,~~721~~457,~~212~~513.4295 0.00 P 0.00 100.00 ~~261~~361,~~657~~365.8710 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 ~~417~~379,~~827~~701,~~707~~265.0383 1823,~~275~~106,~~950~~632.6528 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 392,500,000.00 ~~325~~292,~~768~~611,~~801~~361.9731 0.00 1520,~~441~~410,510.1064 0.00 0.00 M1 35,000,000.00 35,000,000.00 0.00 0.00 0.00 0.00 M2 28,750,000.00 28,750,000.00 0.00 0.00 0.00 0.00 M3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B1 8,750,000.00 8,750,000.00 0.00 0.00 0.00 0.00 B2 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 B3 7,500,000.00 7,500,000.00 0.00 0.00 0.00 0.00 X 12,512,506.31 12,500,315.16 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 500,012,606.31 ~~433~~400,~~269~~111,~~217~~776.1347 0.00 1520,~~441~~410,510.1064 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 1520,~~441~~410,510.1064 ~~310~~272,~~327~~200,~~291~~850.8767 0.~~79064278~~69350535 1520,~~441~~410,510.1064 M1 0.00 35,000,000.00 1.00000000 0.00 M2 0.00 28,750,000.00 1.00000000 0.00 M3 0.00 7,500,000.00 1.00000000 0.00 B1 0.00 8,750,000.00 1.00000000 0.00 B2 0.00 7,500,000.00 1.00000000 0.00 B3 0.00 7,500,000.00 1.00000000 0.00 X 0.00 12,500,315.16 0.99902568 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 1520,~~441~~410,510.1064 ~~417~~379,~~827~~701,~~707~~265.0383 0.~~83563435~~75938339 1520,~~441~~410,510.1064

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A 392,500,000.00 ~~829~~745.~~98420884~~50665302 0.00000000 3952.~~34142701~~00130099 0.00000000 M1 35,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 28,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B1 8,750,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B2 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B3 7,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 12,512,506.31 999.02568281 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

Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A 0.00000000 3952.~~34142701~~00130099 ~~790~~693.~~64278183~~50535203 0.~~79064278~~69350535 3952.~~34142701~~00130099 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.02568281 0.99902568 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 392,500,000.00 12.~~96500~~28250% ~~325~~292,~~768~~611,~~801~~361.9731 ~~586~~593,~~791~~675.0594 0.00 0.00 M1 35,000,000.00 2.~~29500~~61250% 35,000,000.00 7381,~~631~~277.2578 0.00 0.00 M2 28,750,000.00 23.~~96500~~28250% 28,750,000.00 7883,~~140~~886.1011 0.00 0.00 M3 7,500,000.00 3.~~16500~~48250% 7,500,000.00 2123,~~759~~216.3867 0.00 0.00 B1 8,750,000.00 3.~~46500~~78250% 8,750,000.00 2729,~~792~~419.1944 0.00 0.00 B2 7,500,000.00 3.~~61500~~93250% 7,500,000.00 2426,~~853~~216.1367 0.00 0.00 B3 7,500,000.00 5.~~61500~~93250% 7,500,000.00 3839,~~603~~550.1300 0.00 0.00 X 12,512,506.31 0.00000% 12,500,315.16 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 500,012,606.31 ~~851~~877,~~570~~242.2361 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 0.00 0.00 ~~586~~593,~~791~~675.0792 0.00 ~~310~~272,~~327~~200,~~291~~850.8767 M1 0.00 0.00 7381,~~631~~277.2578 0.00 35,000,000.00 M2 0.00 0.00 7883,~~140~~886.11 0.00 28,750,000.00 M3 0.00 0.00 2123,~~759~~216.3867 0.00 7,500,000.00 B1 0.00 0.00 2729,~~792~~419.1944 0.00 8,750,000.00 B2 0.00 0.00 2426,~~853~~216.1367 0.00 7,500,000.00 B3 0.00 0.00 3839,~~603~~550.1300 0.00 7,500,000.00 X 0.00 0.00 1,~~721~~457,~~212~~513.4295 0.00 12,500,315.16 P 0.00 0.00 ~~261~~361,~~657~~365.8710 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 2,~~834~~696,~~440~~121.5564 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 392,500,000.00 12.~~96500~~28250% ~~829~~745.~~98420884~~50665302 1.~~49500904~~51255017 0.00000000 0.00000000 M1 35,000,000.00 2.~~29500~~61250% 1000.00000000 2.~~10375000~~32222229 0.00000000 0.00000000 M2 28,750,000.00 23.~~96500~~28250% 1000.00000000 2.~~71791652~~91777774 0.00000000 0.00000000 M3 7,500,000.00 3.~~16500~~48250% 1000.00000000 23.~~90125067~~09555600 0.00000000 0.00000000 B1 8,750,000.00 3.~~46500~~78250% 1000.00000000 3.~~17625029~~36222171 0.00000000 0.00000000 B2 7,500,000.00 3.~~61500~~93250% 1000.00000000 3.~~31375067~~49555600 0.00000000 0.00000000 B3 7,500,000.00 5.~~61500~~93250% 1000.00000000 5.~~14708400~~27333333 0.00000000 0.00000000 X 12,512,506.31 0.00000% 999.02568281 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) Per $1 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 0.00000000 0.00000000 1.~~49500910~~51255011 0.00000000 ~~790~~693.~~64278183~~50535203 M1 0.00000000 0.00000000 2.~~10375000~~32222229 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.~~71791687~~91777774 0.00000000 1000.00000000 M3 0.00000000 0.00000000 23.~~90125067~~09555600 0.00000000 1000.00000000 B1 0.00000000 0.00000000 3.~~17625029~~36222171 0.00000000 1000.00000000 B2 0.00000000 0.00000000 3.~~31375067~~49555600 0.00000000 1000.00000000 B3 0.00000000 0.00000000 5.~~14708400~~27333333 0.00000000 1000.00000000 X 0.00000000 0.00000000 ~~137~~116.~~55936480~~48457263 0.00000000 999.02568281 P 0.00000000 0.00000000 ~~2616578~~3613651.~~70000000~~00000000 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 1822,~~219~~977,~~088~~706.3198 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~173~~203,~~590~~367.9108 Realized Loss (Gains, Subsequent Expenses & Recoveries) (4179,~~985~~601.5378) Prepayment Penalties ~~261~~361,~~657~~365.8710 Total Deposits 1823,~~612~~462,~~351~~837.5638 Withdrawals Reimbursement for Servicer Advances ~~146~~181,~~899~~205.8985 Payment of Service Fee ~~189~~174,~~501~~999.0225 Payment of Interest and Principal 1823,~~275~~106,~~950~~632.6528 Total Withdrawals (Pool Distribution Amount) 1823,~~612~~462,~~351~~837.5638 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~180~~166,~~528~~713.7728 Credit Risk Manager Fee 5,~~415~~001.8640 Trustee Fee 3,~~556~~284.3957 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~189~~174,~~501~~999.0225

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 01.8111 01.8111 1,000.00 Financial Guaranty 0.00 0.00 0.00 0.00

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 1714 0 0 1714 1,~~679~~511,~~048~~999.0923 0.00 0.00 1,~~679~~511,~~048~~999.0923 30 Days 7682 3 10 0 8085 9,~~184~~364,~~691~~235.4526 ~~285~~401,~~156~~129.4483 ~~71,765~~0.1200 0.00 9,~~541~~765,~~613~~365.0109 60 Days 2126 12 12 0 2330 23,~~760~~001,~~452~~194.5753 8593,~~059~~241.4433 48396,~~351~~221.0116 0.00 23,~~893~~490,~~863~~657.02 90 Days 11 3 4 16 0 2330 ~~841~~816,~~470~~399.2754 ~~348~~260,~~839~~738.3472 21,~~066~~829,~~576~~369.5396 0.00 32,~~256~~906,~~886~~508.1422 120 Days 31 02 1413 1 1817 ~~230~~88,~~917~~780.3211 0313,897.0074 21,~~745~~835,~~206~~522.4306 ~~570~~48,~~593~~313.3707 32,~~546~~286,~~717~~512.1298 150 Days 0 62 517 20 1319 0.00 1233,~~016,937~~023.0794 ~~961~~2,~~773~~589,751.8968 ~~493,746~~0.1800 2,~~472~~822,~~457~~775.1462 180+ Days 21 210 619 3 1333 ~~159~~22,~~923~~295.7658 ~~482~~1,~~156~~690,110.8205 13,~~096~~897,~~287~~076.3659 ~~358~~1,~~480~~115,731.8079 26,~~096~~725,~~848~~214.7401 Totals ~~105~~121 3336 4367 64 ~~187~~228 13,~~177~~292,~~455~~905.3702 34,~~897~~504,~~197~~140.2084 610,~~989~~547,~~960~~941.3445 1,~~422~~164,~~820~~044.3586 2529,~~487~~509,~~433~~032.2617 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.~~520514~~466045% 0.000000% 0.000000% 0.~~520514~~466045% 0.~~401852~~398208% 0.000000% 0.000000% 0.~~401852~~398208% 30 Days 2.~~327006~~729694% 0.~~091855~~099867% 0.~~030618~~000000% 0.000000% 2.~~449479~~829561% 2.~~198201~~466212% 0.~~068247~~105644% 0.~~017176~~000000% 0.000000% 2.~~283624~~571855% 60 Days 0.~~642988~~865513% 0.~~030618~~066578% 0.~~030618~~066578% 0.000000% 0.~~704225~~998668% 0.~~660668~~790410% 0.~~020358~~024557% 0.~~011572~~104351% 0.000000% 0.~~692597~~919317% 90 Days 0.~~091855~~366178% 0.~~122474~~099867% 0.~~489896~~532623% 0.000000% 0.~~704225~~998668% 0.~~201392~~215011% 0.~~083489~~068669% 0.~~494600~~481792% 0.000000% 0.~~779481~~765473% 120 Days 0.~~091855~~033289% 0.~~000000~~066578% 0.~~428659~~432756% 0.~~030618~~033289% 0.~~551133~~565912% 0.~~055266~~023382% 0.~~000000~~082670% 0.~~657019~~483412% 0.~~136562~~012724% 0.~~848847~~602188% 150 Days 0.000000% 0.~~183711~~066578% 0.~~153092~~565912% 0.~~061237~~000000% 0.~~398040~~632490% 0.000000% 0.~~243387~~061370% 0.~~230184~~682050% 0.~~118170~~000000% 0.~~591741~~743420% 180+ Days 0.~~061237~~033289% 0.~~061237~~332889% 0.~~183711~~632490% 0.~~091855~~099867% 01.~~398040~~098535% 0.~~038275~~005872% 0.~~115396~~445116% 01.~~262378~~026354% 0.~~085796~~293845% 01.~~501845~~771186% Totals 34.~~214942~~027963% 1.~~010410~~198402% 12.~~316595~~230360% 0.~~183711~~133156% 57.~~725658~~589880% 3.~~153802~~500886% 01.~~932729~~186233% 12.~~672929~~777959% 0.~~340528~~306569% 67.~~099988~~771646%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~173~~203,~~590~~367.9108

COLLATERAL STATEMENT Collateral Description Fixed Mixed & ARM & Balloon Weighted Average Gross Coupon 7.~~756521~~745670% Weighted Average Net Coupon 7.~~256521~~245670% Weighted Average Pass-Through Rate 7.~~241967~~241050% Weighted Average Maturity(Stepdown Calculation ) ~~340~~338 Beginning Scheduled Collateral Loan Count 3,~~374~~144 Number Of Loans Paid In Full ~~108~~140 Ending Scheduled Collateral Loan Count 3,~~266~~004 Beginning Scheduled Collateral Balance ~~433~~400,~~269~~111,~~117~~676.1347 Ending Scheduled Collateral Balance ~~417~~379,~~827~~701,~~607~~165.0383 Ending Actual Collateral Balance at 2429-~~Sep~~Oct-2004 ~~417~~379,~~827~~701,~~607~~165.0383 Monthly P &I Constant 32,~~191~~950,~~741~~101.4924 Special Servicing Fee 0.00 Prepayment Penalties ~~261~~361,~~657~~365.8710 Realized Loss Amount 4179,~~985~~601.5378 Cumulative Realized Loss 42186,~~070~~164.5317 Ending Scheduled Balance for Premium Loans ~~417~~379,~~827~~701,~~607~~165.0383 Scheduled Principal ~~391~~367,~~190~~490.5943 Unscheduled Principal 1520,~~050~~043,~~319~~020.5121

Miscellaneous Reporting LIBOR Index Rate 1.~~615000~~932500% Overcollateralization Deficiency Amount 079,601.0079 Overcollateralization Release Amount 0.00 Target Overcollateralization Amount 12,500,315.16

Filing Compare · AEGIS ASSET BACKED SEC TR MORT PASS THR CERT SER 2004 1