8-K 1 dsl04ar2_dec.txt DECEMBER 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): December 20, 2004 DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-AR2 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-111379-29 54-2162575 Pooling and Servicing Agreement) (Commission 54-2162576 (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. 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 December 20, 2004 a distribution was made to holders of DSLA MORTGAGE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2004-AR2 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-AR2 Trust, relating to the December 20, 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. DSLA MORTGAGE LOAN TRUST Mortgage Pass-Through Certificates, Series 2004-AR2 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: 12/21/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2004-AR2 Trust, relating to the December 20, 2004 distribution. EX-99.1

~~McKee~~Downey ~~Nelson~~Savings ~~LLP 5~~and ~~Times~~Loan ~~Square~~Association Mortgage Pass-Through Certificates Record Date: 11/30/2004 Distribution Date: 12/20/2004 Downey Savings and Loan Association Mortgage Pass-Through Certificates Series 2004-AR2 Contact: Customer Service - CTSLink Wells Fargo Bank, ~~35th~~N.A. ~~Floor~~ Securities Administration Services 7485 New ~~York~~Horizon Way Frederick, ~~New~~MD ~~York~~21703 ~~10036~~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-1A 23332UAP9 SEN 2.54000% 278,361,809.13 608,839.13 557,576.83 A-1B 23332UAQ7 SEN 2.53000% 49,123,434.52 107,020.86 98,397.44 A-2A 23332UAR5 SEN 2.52000% 398,706,075.86 865,192.18 3,051,696.49 A-2B 23332UAS3 SEN 2.53000% 99,676,518.96 217,156.37 762,924.12 X-1 23332UAT1 IO 1.00000% 0.00 663,152.98 0.00 X-2 23332UAU8 SEN 0.79808% 0.00 639,971.77 0.00 A-R 23332UAV6 SEN 8.22125% 0.00 0.00 0.00 B-1 23332UAW4 SUB 2.83000% 20,587,067.34 50,169.54 206.33 B-2 23332UAX2 SUB 3.33000% 16,110,879.25 46,197.95 161.47 B-3 23332UAY0 SUB 3.38000% 11,635,690.53 33,866.32 116.62 B-4 23332UAZ7 SUB 3.38000% 5,369,626.84 15,628.60 53.82 B-5 23332UBA1 SUB 3.38000% 9,844,815.55 28,653.88 98.67 B-6 23332UBB9 SUB 3.38000% 3,586,110.76 10,437.57 35.94 Y 23332UBC7 YM 0.00000% 0.01 0.00 0.00 C DSL04AR2C C 0.00000% 0.00 0.00 0.00 Totals 893,002,028.75 3,286,287.15 4,471,267.73

~~917~~Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-~~777~~1A 0.00 277,804,232.30 1,166,415.96 0.00 A-~~4337~~1B 0.00 49,025,037.08 205,418.30 0.00 A-2A 0.00 395,654,379.37 3,916,888.67 0.00 A-2B 0.00 98,913,594.84 980,080.49 0.00 X-1 0.00 0.00 663,152.98 0.00 X-2 0.00 0.00 639,971.77 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 20,586,861.01 50,375.87 0.00 B-2 0.00 16,110,717.78 46,359.42 0.00 B-3 0.00 11,635,573.92 33,982.94 0.00 B-4 0.00 5,369,573.02 15,682.42 0.00 B-5 0.00 9,844,716.88 28,752.55 0.00 B-6 0.00 3,586,074.82 10,473.51 0.01 Y 0.00 0.01 0.00 0.00 C 0.00 0.00 0.00 0.00 Totals 0.00 888,530,761.03 7,757,554.88 0.01 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~December~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1A 279,232,000.00 278,361,809.13 2,323.74 555,253.08 0.00 0.00 A-1B 49,277,000.00 49,123,434.52 410.08 97,987.36 0.00 0.00 A-2A 400,000,000.00 398,706,075.86 4,434.60 3,047,261.89 0.00 0.00 A-2B 100,000,000.00 99,676,518.96 1,108.65 761,815.47 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 20,600,000.00 20,587,067.34 206.33 0.00 0.00 0.00 B-2 16,121,000.00 16,110,879.25 161.47 0.00 0.00 0.00 B-3 11,643,000.00 11,635,690.53 116.62 0.00 0.00 0.00 B-4 5,373,000.00 5,369,626.84 53.82 0.00 0.00 0.00 B-5 9,851,000.00 9,844,815.55 98.67 0.00 0.00 0.00 B-6 3,588,363.54 3,586,110.76 35.94 0.00 0.00 0.00 Y 0.01 0.01 0.00 0.00 0.00 0.00 C 0.00 0.00 0.00 0.00 0.00 0.00 Totals 895,685,463.55 893,002,028.75 8,949.92 ~~2004~~4,462,317.80 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.

~~VIA~~Principal ~~EDGAR~~Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1A 557,576.83 277,804,232.30 0.99488680 557,576.83 A-1B 98,397.44 49,025,037.08 0.99488680 98,397.44 A-2A 3,051,696.49 395,654,379.37 0.98913595 3,051,696.49 A-2B 762,924.12 98,913,594.84 0.98913595 762,924.12 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 206.33 20,586,861.01 0.99936218 206.33 B-2 161.47 16,110,717.78 0.99936218 161.47 B-3 116.62 11,635,573.92 0.99936219 116.62 B-4 53.82 5,369,573.02 0.99936218 53.82 B-5 98.67 9,844,716.88 0.99936218 98.67 B-6 35.94 3,586,074.82 0.99936218 35.94 Y 0.00 0.01 1.00000000 0.00 C 0.00 0.00 0.00000000 0.00 Totals 4,471,267.73 888,530,761.03 0.99201204 4,471,267.73

~~Securities~~Principal ~~and~~Distribution ~~Exchange~~Factors ~~Commission 450~~Statement ~~Fifth~~Original ~~Street~~Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1A 279,232,000.00 N996.W88362770 0. ~~Judiciary~~00832190 ~~Plaza Washington~~1.98850089 0.00000000 A-1B 49,277,000.00 D996.88362766 0.00832194 1.98850092 0.00000000 A-2A 400,000,000.00 996.76518965 0.01108650 7.61815473 0.00000000 A-2B 100,000,000.00 996.76518960 0.01108650 7.61815470 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 20,600,000.00 999.37220097 0.01001602 0.00000000 0.00000000 B-2 16,121,000.00 999.37220086 0.01001613 0.00000000 0.00000000 B-3 11,643,000.00 999.37220046 0.01001632 0.00000000 0.00000000 B-4 5,373,000.00 999.37220175 0.01001675 0.00000000 0.00000000 B-5 9,851,000.00 999.37220079 0.01001624 0.00000000 0.00000000 B-6 3,588,363.54 999.37219850 0.01001571 0.00000000 0.00000000 Y 0.01 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00 ~~20549~~0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 Denomination.

~~Re:~~Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1A 0.00000000 1.99682282 994.88680488 0.99488680 1.99682282 A-1B 0.00000000 1.99682286 994.88680480 0.99488680 1.99682286 A-2A 0.00000000 7.62924122 989.13594842 0.98913595 7.62924122 A-2B 0.00000000 7.62924120 989.13594840 0.98913595 7.62924120 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.01001602 999.36218495 0.99936218 0.01001602 B-2 0.00000000 0.01001613 999.36218473 0.99936218 0.01001613 B-3 0.00000000 0.01001632 999.36218500 0.99936219 0.01001632 B-4 0.00000000 0.01001675 999.36218500 0.99936218 0.01001675 B-5 0.00000000 0.01001624 999.36218455 0.99936218 0.01001624 B-6 0.00000000 0.01001571 999.36218280 0.99936218 0.01001571 Y 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 C 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.

~~Greenwich~~Interest ~~Capital~~Distribution ~~Acceptance~~Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-1A 279,232,000.00 ~~Inc~~2.54000% 278,361,809.13 608,839.13 0.00 0.00 A-1B 49,277,000.00 2.53000% 49,123,434.52 107,020.86 0.00 0.00 A-2A 400,000,000.00 2.52000% 398,706,075.86 865,192.18 0.00 0.00 A-2B 100,000,000.00 2.53000% 99,676,518.96 217,156.37 0.00 0.00 X-1 0.00 1.00000% 795,783,579.21 663,152.98 0.00 0.00 X-2 0.00 0.79808% 893,002,028.74 593,904.75 0.00 0.00 A-R 100.00 8.22125% 0.00 0.00 0.00 0.00 B-1 20,600,000.00 2.83000% 20,587,067.34 50,169.54 0.00 0.00 B-2 16,121,000.00 3.33000% 16,110,879.25 46,197.95 0.00 0.00 B-3 11,643,000.00 3.38000% 11,635,690.53 33,866.32 0.00 0.00 B-4 5,373,000.00 3.38000% 5,369,626.84 15,628.60 0.00 0.00 B-5 9,851,000.00 3.38000% 9,844,815.55 28,653.88 0.00 0.00 B-6 3,588,363.54 3.38000% 3,586,110.76 10,437.57 0.00 0.00 Y 0.01 0.00000% 0.01 0.00 0.00 0.00 C 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 895,685,463.55 3,240,220.13 0.00 0.00

~~DSLA~~Interest ~~Mortgage~~Distribution ~~Loan~~Statement ~~Trust~~(continued) ~~2004~~Remaining Ending Non-~~AR2~~Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1A 0.00 0.00 608,839.13 0.00 277,804,232.30 A-1B 0.00 0.00 107,020.86 0.00 49,025,037.08 A-2A 0.00 0.00 865,192.18 0.00 395,654,379.37 A-2B 0.00 0.00 217,156.37 0.00 98,913,594.84 X-1 0.00 0.00 663,152.98 0.00 764,938,666.98 X-2 0.00 0.00 639,971.77 0.00 888,530,761.03 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 50,169.54 0.00 20,586,861.01 B-2 0.00 0.00 46,197.95 0.00 16,110,717.78 B-3 0.00 0.00 33,866.32 0.00 11,635,573.92 B-4 0.00 0.00 15,628.60 0.00 5,369,573.02 B-5 0.00 0.00 28,653.88 0.00 9,844,716.88 B-6 0.00 0.00 10,437.57 0.00 3,586,074.82 Y 0.00 0.00 0.00 0.00 0.01 C 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 3,286,287.15 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.

~~DSLA~~Interest ~~Mortgage~~Distribution ~~Pass~~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-~~Through~~1A ~~Certificates~~279,232,000.00 ~~Series~~2.54000% ~~2004~~996.88362770 2.18040601 0.00000000 0.00000000 A-~~AR2~~1B 49,277,000.00 2.53000% 996.88362766 2.17182174 0.00000000 0.00000000 A-2A 400,000,000.00 2.52000% 996.76518965 2.16298045 0.00000000 0.00000000 A-2B 100,000,000.00 2.53000% 996.76518960 2.17156370 0.00000000 0.00000000 X-1 0.00 1.00000% 960.50082644 0.80041735 0.00000000 0.00000000 X-2 0.00 0.79808% 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 8.22125% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 20,600,000.00 2.83000% 999.37220097 2.43541456 0.00000000 0.00000000 B-2 16,121,000.00 3.33000% 999.37220086 2.86570002 0.00000000 0.00000000 B-3 11,643,000.00 3.38000% 999.37220046 2.90872799 0.00000000 0.00000000 B-4 5,373,000.00 3.38000% 999.37220175 2.90872883 0.00000000 0.00000000 B-5 9,851,000.00 3.38000% 999.37220079 2.90872805 0.00000000 0.00000000 B-6 3,588,363.54 3.38000% 999.37219850 2.90872702 0.00000000 0.00000000 Y 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 C 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 Denomination.

~~Current~~Interest ~~Report~~Distribution onFactors ~~Form~~Statement 8(continued) Remaining Ending Non-K Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1A 0.00000000 0.00000000 2.18040601 0.00000000 994.88680488 A-1B 0.00000000 0.00000000 2.17182174 0.00000000 994.88680480 A-2A 0.00000000 0.00000000 2.16298045 0.00000000 989.13594842 A-2B 0.00000000 0.00000000 2.17156370 0.00000000 989.13594840 X-1 0.00000000 0.00000000 0.80041735 0.00000000 923.27140318 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 2.43541456 0.00000000 999.36218495 B-2 0.00000000 0.00000000 2.86570002 0.00000000 999.36218473 B-3 0.00000000 0.00000000 2.90872799 0.00000000 999.36218500 B-4 0.00000000 0.00000000 2.90872883 0.00000000 999.36218500 B-5 0.00000000 0.00000000 2.90872805 0.00000000 999.36218455 B-6 0.00000000 0.00000000 2.90872702 0.00000000 999.36218280 Y 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 C 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.

~~Ladies~~Certificateholder ~~and~~Component ~~Gentlemen:~~Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage X-1 IO-1 1.00000% 315,535,372.95 303,302,249.49 0.00 0.00 92.32692239% X-1 IO-2 1.00000% 480,248,206.26 461,636,417.49 0.00 0.00 92.32728350% X-2 IO 0.79808% 893,002,028.74 888,530,761.03 0.00 0.00 99.20120368%

OnCERTIFICATEHOLDER ~~behalf~~ACCOUNT ofSTATEMENT ~~Greenwich~~CERTIFICATE ~~Capital~~ACCOUNT ~~Acceptance,~~Beginning ~~Inc~~Balance 0.00 Deposits Payments of Interest and ~~DSLA~~Principal ~~Mortgage~~8,002,775.67 ~~Loan~~Liquidations, ~~Trust~~Insurance ~~2004-AR2~~Proceeds, weReserve ~~transmit~~Funds ~~herewith~~0.00 ~~for~~Proceeds ~~filing~~from ~~under~~Repurchased ~~the~~Loans ~~Securities~~0.00 ~~Act~~Other ofAmounts ~~1934~~(Servicer Advances) 7,565.23 asRealized ~~amended~~Loss (Gains, aSubsequent ~~Current~~Expenses ~~Report~~& onRecoveries) ~~Form~~0.00 Prepayment Penalties 46,067.02 Total Deposits 8-K,056,407.92 ~~dated~~Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 298,853.04 ~~including~~Payment ~~the~~of ~~exhibits~~Interest ~~thereto~~and Principal 7,757,554.88 Total Withdrawals (Pool Distribution Amount) 8,056,407.92 Ending Balance 0.00

IfPREPAYMENT/CURTAILMENT ~~you~~INTEREST ~~have~~SHORTFALL ~~any~~Total ~~question~~Prepayment/Curtailment ~~concerning~~Interest ~~the~~Shortfall ~~transmitted~~0.00 ~~materials,~~Servicing ~~please~~Fee doSupport ~~not~~0.00 ~~hesitate~~Non-Supported toPrepayment/Curtailment ~~contact~~Interest ~~the~~Shortfall ~~undersigned at (917) 777-4337~~0.00

~~Please~~SERVICING ~~acknowledge~~FEES ~~receipt~~Gross ofServicing ~~this~~Fee ~~transmission~~279,063.13 byAMBAC ~~notifying~~12,813.33 ~~the~~Master ~~person~~Servicing ~~indicated~~Fee in6,976.58 ~~the~~Supported ~~“Notify”~~Prepayment/Curtailment ~~line~~Interest inShortfall ~~the~~0.00 ~~submission~~Net ~~header~~Servicing ofFee ~~the above-referenced filing~~298,853.04

~~Sincerely~~OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Basis Risk Reserve Fund 1,000.00 0.00 0.00 1,000.00

LOAN STATUS STRATIFICATION/~~s/ Priti~~CREDIT ~~Dave~~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 8 0 0 0 8 2,327,029.75 0.00 0.00 0.00 2,327,029.75 60 Days 1 0 0 0 1 100,000.00 0.00 0.00 0.00 100,000.00 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 9 0 0 0 9 2,427,029.75 0.00 0.00 0.00 2,427,029.75 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 0.281492% 0.000000% 0.000000% 0.000000% 0.281492% 0.262041% 0.000000% 0.000000% 0.000000% 0.262041% 60 Days 0.035186% 0.000000% 0.000000% 0.000000% 0.035186% 0.011261% 0.000000% 0.000000% 0.000000% 0.011261% 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 0.316678% 0.000000% 0.000000% 0.000000% 0.316678% 0.273302% 0.000000% 0.000000% 0.000000% 0.273302%

~~Priti~~Delinquency ~~Dave~~Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 4 0 0 0 4 851,426.07 0.00 0.00 0.00 851,426.07 60 Days 1 0 0 0 1 100,000.00 0.00 0.00 0.00 100,000.00 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 5 0 0 0 5 951,426.07 0.00 0.00 0.00 951,426.07 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.258065% 0.000000% 0.000000% 0.000000% 0.258065% 0.241028% 0.000000% 0.000000% 0.000000% 0.241028% 60 Days 0.064516% 0.000000% 0.000000% 0.000000% 0.064516% 0.028309% 0.000000% 0.000000% 0.000000% 0.028309% 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 0.322581% 0.000000% 0.000000% 0.000000% 0.322581% 0.269337% 0.000000% 0.000000% 0.000000% 0.269337% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 4 0 0 0 4 1,475,603.68 0.00 0.00 0.00 1,475,603.68 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 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 1,475,603.68 0.00 0.00 0.00 1,475,603.68 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.309598% 0.000000% 0.000000% 0.000000% 0.309598% 0.275921% 0.000000% 0.000000% 0.000000% 0.275921% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 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 0.309598% 0.000000% 0.000000% 0.000000% 0.309598% 0.275921% 0.000000% 0.000000% 0.000000% 0.275921%

~~SECURITIES~~OTHER ~~AND~~INFORMATION ~~EXCHANGE~~Current ~~COMMISSION~~Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,565.23

~~Washington~~COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.755743% Weighted Average Net Coupon 4.380743% Weighted Average Pass-Through Rate 4.354149% Weighted Average Maturity(Stepdown Calculation ) 384 Beginning Scheduled Collateral Loan Count 2,853 DNumber Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 2,842 Beginning Scheduled Collateral Balance 893,002,028.C75 Ending Scheduled Collateral Balance 888,530,761. ~~20549~~04 Ending Actual Collateral Balance at 30-Nov-2004 888,039,403.77 Monthly P &I Constant 2,911,168.87 Special Servicing Fee 0.00 Prepayment Penalties 46,067.02 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Scheduled Principal 8,949.91 Unscheduled Principal 5,099,172.31

~~Form~~Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.848055 4.695086 4.755743 Weighted Average Net Rate 4.473055 4.320086 4.380743 Weighted Average Maturity 379 387 384 Beginning Loan Count 1,553 1,300 2,853 Loans Paid In Full 3 8 11 Ending Loan Count 1,550 1,292 2,842 Beginning Scheduled Balance 354,104,742.05 538,897,286.70 893,002,028.75 Ending scheduled Balance 353,448,545.57 535,082,215.47 888,530,761.04 Record Date 11/30/2004 11/30/2004 11/30/2004 Principal And Interest Constant 1,167,200.54 1,743,968.33 2,911,168.87 Scheduled Principal 2,956.04 5,993.87 8,949.91 Unscheduled Principal 919,595.36 4,179,576.95 5,099,172.31 Scheduled Interest 1,430,599.42 2,108,474.05 3,539,073.47 Servicing Fees 110,657.73 168,405.40 279,063.13 Master Servicing Fees 2,766.44 4,210.14 6,976.58 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 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 1,317,175.25 1,935,858.51 3,253,033.76 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 46,067.02 0.00 46,067.02 Special Servicing Fee 0.00 0.00 0.00 Pass-KThrough Rate 4.463680 4.310711 4.354149

~~CURRENT~~Miscellaneous ~~REPORT~~Reporting Group 1 Senior % 92.482592% Senior Prepayment % 100.000000% Subordinate % 7.517408% Deferred Interest 201,644.85 Net Deferred Interest 0.00 Group 2 Senior % 92.481927% Senior Prepayment % 100.000000% Subordinate % 7.518073% Deferred Interest 284,678.81 Net Deferred Interest 0.00

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event

Reported): December 8, 2004 Greenwich Capital Acceptance, Inc. DSLA Mortgage Loan Trust 2004-AR2

GREENWICH CAPITAL ACCEPTANCE, INC.
(Exact name of registrant as specified in its charter)
Delaware	333-111379-01	06-1199884
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
600 Steamboat Road Greenwich, CT
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code (203) 625-2700

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:

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(d) 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.

This Current Report on Form 8-K is being filed to file a copy of the Pooling and Servicing Agreement dated as of October 1, 2004, among Greenwich Capital Acceptance, Inc., as depositor, Greenwich Capital Financial Products, Inc., as seller, Wells Fargo Bank, N.A., as master servicer and securities administrator and Deutsche Bank National Trust Company, as trustee and custodian (the “Pooling and Servicing Agreement”), in connection with the issuance by DSLA Mortgage Loan Trust 2004-AR2 of DSLA Mortgage Pass-Through Certificates, Series 2004-AR2.

Item 9.01.

Financial Statements and Exhibits.

(q)

Not applicable.

(r)

Not applicable.

(s)

Exhibits:

4.1 Pooling and Servicing Agreement and Exhibits to Pooling and Servicing Agreement.

SIGNATURES

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 thereunto duly authorized.

GREENWICH CAPITAL ACCEPTANCE, INC.,

By:

/s/ Shakti Radhakishun

Name:

Shakti Radhakishun

Title:

Vice President

Dated: December 8, 2004

EXHIBIT 4.1

Filing Compare · DSLA Mortgage Loan Trust 2004-AR2