8-K 1 ahm04001_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 27, 2004 AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-112273-01 N/A Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 December 27, 2004 a distribution was made to holders of AMERICAN HOME MORTGAGE INVESTMENT TRUST, Mortgage-Backed Notes, 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-Backed Notes, Series 2004-1 Trust, relating to the December 27, 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. AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes, Series 2004-1 Trust (Registrant) By: Wells Fargo Bank, N.A. as Indenture Trustee By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage-Backed Notes, Series 2004-1 Trust, relating to the December 27, 2004 distribution. EX-99.1

AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage ~~Pass~~-~~Through~~Backed ~~Certificates~~Notes Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~AHM~~AMERICAN HOME MORTGAGE INVESTMENT TRUST Mortgage-Backed Notes 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 I-A 02660TAE3 SEN 2.~~28250~~53000% ~~161~~151,~~315~~716,~~801~~655.5876 ~~327~~330,~~291~~531.8459 98,~~599~~651,~~145~~161.8255 I-M-1 02660TAF0 MEZ 2.~~53250~~78000% 10,~~817~~173,~~080~~407.6700 24,~~350~~354.4501 ~~643~~580,~~673~~106.6730 I-M-2 02660TAG8 MEZ 3.~~18250~~43000% 98,~~405~~845,~~673~~986.6417 26,~~607~~127.6160 ~~559~~504,~~687~~414.4733 I-M-3 02660TAH6 MEZ 34.~~93250~~18000% 5,~~644~~308,~~436~~562.7380 19,~~730~~107.4488 ~~335~~302,~~873~~703.9297 2-A-1 02660TAJ2 SEN 2.61000% 8178,~~084~~043,~~414~~540.0424 ~~176~~169,~~358~~744.6070 3,~~040~~132,~~873~~351.8010 2-M-1 02660TAK9 MEZ 3.25000% 6,~~970~~708,~~106~~709.2537 18,~~877~~169.3742 ~~261~~269,~~396~~260.8938 2-M-2 02660TAL7 MEZ 3.45500% 32,~~020~~907,~~352~~081.5153 8,~~696~~369.1097 ~~113~~116,~~270~~678.9846 2-M-3 02660TAM5 MEZ 3.66000% 1,~~394~~341,~~101~~819.8646 4,~~252~~092.0155 5253,~~282~~855.4019 3-A-1 02660TAN3 SEN 3.28000% ~~137~~132,~~343~~754,~~330~~344.2110 ~~375~~362,~~405~~861.1087 4,~~588~~103,~~986~~349.1155 3-M-1 02660TAP8 MEZ 3.49500% 6,~~610~~389,~~072~~213.6045 1918,~~251~~608.8458 ~~220~~197,~~859~~486.1539 3-M-2 02660TAQ6 MEZ 3.70000% 2,~~204~~130,~~118~~473.8973 6,~~796~~568.0396 7365,~~645~~851.1654 4-A-1 02660TAR4 SEN 3.28000% 8077,~~031~~518,~~137~~395.1218 ~~218~~211,~~751~~883.7761 2,~~512~~151,~~741~~328.9431 4-M-1 02660TAS2 MEZ 3.49500% 43,~~012~~886,~~858~~866.2331 11,~~687~~320.4550 ~~125~~107,~~991~~870.9321 4-M-2 02660TAT0 MEZ 3.70000% 2,~~898~~807,368.5834 8,~~936~~656.6405 9177,~~000~~911.2446 4-M-3 02660TAU7 MEZ 3.90500% 1,~~783~~727,~~878~~870.9238 5,~~805~~622.0478 5647,~~008~~952.5470 OT AHM0401OT OT 0.00000% 0.00 ~~790~~734,~~438~~966.5824 0.00 Totals ~~514~~492,~~535~~260,~~731~~293.8382 21,~~043~~960,~~236~~986.8731 2220,~~275~~362,~~438~~281.0244

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 ~~151~~143,~~716~~065,~~655~~494.7621 98,~~926~~981,~~437~~693.6614 0.00 I-M-1 0.00 109,~~173~~593,~~407~~300.0070 ~~668~~604,~~024~~460.1231 0.00 I-M-2 0.00 8,~~845~~341,~~986~~571.1784 ~~586~~530,~~295~~541.0893 0.00 I-M-3 0.00 5,~~308~~005,~~562~~858.8083 ~~355~~321,~~604~~811.3685 0.00 2-A-1 0.00 7874,~~043~~911,~~540~~189.2414 3,~~217~~302,~~232~~095.4080 0.00 2-M-1 0.00 6,~~708~~439,~~709~~448.3799 ~~280~~287,~~274~~429.2680 0.00 2-M-2 0.00 2,~~907~~790,~~081~~403.5307 ~~121~~125,~~967~~048.0843 0.00 2-M-3 0.00 1,~~341~~287,~~819~~964.4627 5657,~~534~~947.4174 0.00 3-A-1 0.00 ~~132~~128,~~754~~650,~~344~~994.1056 4,~~964~~466,~~391~~211.2142 0.00 3-M-1 0.00 6,~~389~~191,~~213~~727.4506 ~~240~~216,~~110~~094.9997 0.00 3-M-2 0.00 2,~~130~~064,~~473~~622.7319 8072,~~441~~420.1950 0.00 4-A-1 0.00 7775,~~518~~367,~~395~~066.1886 2,~~731~~363,~~493~~211.7192 0.00 4-M-1 0.00 3,~~886~~778,~~866~~996.3110 ~~137~~119,~~679~~190.3871 0.00 4-M-2 0.00 2,~~807~~729,~~368~~456.3489 9986,~~936~~567.8851 0.00 4-M-3 0.00 1,~~727~~679,~~870~~917.3868 6153,~~813~~575.5848 0.00 OT 0.00 0.00 ~~790~~734,~~438~~966.5824 0.00 Totals 0.00 ~~492~~471,~~260~~898,~~293~~012.8239 2422,~~318~~323,~~674~~267.8975 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) I-A 203,101,000.00 ~~161~~151,~~315~~716,~~801~~655.5876 0.00 98,~~599~~651,~~145~~161.8255 0.00 0.00 I-M-1 13,619,000.00 10,~~817~~173,~~080~~407.6700 0.00 ~~643~~580,~~673~~106.6730 0.00 0.00 I-M-2 11,842,000.00 98,~~405~~845,~~673~~986.6417 0.00 ~~559~~504,~~687~~414.4733 0.00 0.00 I-M-3 7,106,500.00 5,~~644~~308,~~436~~562.7380 0.00 ~~335~~302,~~873~~703.9297 0.00 0.00 2-A-1 100,592,000.00 8178,~~084~~043,~~414~~540.0424 0.00 3,~~040~~132,~~873~~351.8010 0.00 0.00 2-M-1 8,647,000.00 6,~~970~~708,~~106~~709.2537 0.00 ~~261~~269,~~396~~260.8938 0.00 0.00 2-M-2 3,747,000.00 32,~~020~~907,~~352~~081.5153 0.00 ~~113~~116,~~270~~678.9846 0.00 0.00 2-M-3 1,729,500.00 1,~~394~~341,~~101~~819.8646 0.00 5253,~~282~~855.4019 0.00 0.00 3-A-1 150,328,000.00 ~~137~~132,~~343~~754,~~330~~344.2110 0.00 4,~~588~~103,~~986~~349.1155 0.00 0.00 3-M-1 7,235,000.00 6,~~610~~389,~~072~~213.6045 0.00 ~~220~~197,~~859~~486.1539 0.00 0.00 3-M-2 2,412,500.00 2,~~204~~130,~~118~~473.8973 0.00 7365,~~645~~851.1654 0.00 0.00 4-A-1 92,060,000.00 8077,~~031~~518,~~137~~395.1218 0.00 2,~~512~~151,~~741~~328.9431 0.00 0.00 4-M-1 4,616,000.00 43,~~012~~886,~~858~~866.2331 0.00 ~~125~~107,~~991~~870.9321 0.00 0.00 4-M-2 3,334,000.00 2,~~898~~807,368.5834 0.00 9177,~~000~~911.2446 0.00 0.00 4-M-3 2,052,000.00 1,~~783~~727,~~878~~870.9238 0.00 5647,~~008~~952.5470 0.00 0.00 OT 0.00 0.00 0.00 0.00 0.00 0.00 Totals 612,421,500.00 ~~514~~492,~~535~~260,~~731~~293.8382 0.00 2220,~~275~~362,~~438~~281.0244 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 I-A 98,~~599~~651,~~145~~161.8255 ~~151~~143,~~716~~065,~~655~~494.7621 0.~~74700103~~70440566 98,~~599~~651,~~145~~161.8255 I-M-1 ~~643~~580,~~673~~106.6730 109,~~173~~593,~~407~~300.0070 0.~~74700103~~70440566 ~~643~~580,~~673~~106.6730 I-M-2 ~~559~~504,~~687~~414.4733 8,~~845~~341,~~986~~571.1784 0.~~74700103~~70440566 ~~559~~504,~~687~~414.4733 I-M-3 ~~335~~302,~~873~~703.9297 5,~~308~~005,~~562~~858.8083 0.~~74700103~~70440566 ~~335~~302,~~873~~703.9297 2-A-1 3,~~040~~132,~~873~~351.8010 7874,~~043~~911,~~540~~189.2414 0.~~77584242~~74470325 3,~~040~~132,~~873~~351.8010 2-M-1 ~~261~~269,~~396~~260.8938 6,~~708~~439,~~709~~448.3799 0.~~77584242~~74470325 ~~261~~269,~~396~~260.8938 2-M-2 ~~113~~116,~~270~~678.9846 2,~~907~~790,~~081~~403.5307 0.~~77584242~~74470325 ~~113~~116,~~270~~678.9846 2-M-3 5253,~~282~~855.4019 1,~~341~~287,~~819~~964.4627 0.~~77584242~~74470325 5253,~~282~~855.4019 3-A-1 4,~~588~~103,~~986~~349.1155 ~~132~~128,~~754~~650,~~344~~994.1056 0.~~88309792~~85580194 4,~~588~~103,~~986~~349.1155 3-M-1 ~~220~~197,~~859~~486.1539 6,~~389~~191,~~213~~727.4506 0.~~88309792~~85580194 ~~220~~197,~~859~~486.1539 3-M-2 7365,~~645~~851.1654 2,~~130~~064,~~473~~622.7319 0.~~88309792~~85580194 7365,~~645~~851.1654 4-A-1 2,~~512~~151,~~741~~328.9431 7775,~~518~~367,~~395~~066.1886 0.~~84204209~~81867333 2,~~512~~151,~~741~~328.9431 4-M-1 ~~125~~107,~~991~~870.9321 3,~~886~~778,~~866~~996.3110 0.~~84204209~~81867333 ~~125~~107,~~991~~870.9321 4-M-2 9177,~~000~~911.2446 2,~~807~~729,~~368~~456.3489 0.~~84204209~~81867333 9177,~~000~~911.2446 4-M-3 5647,~~008~~952.5470 1,~~727~~679,~~870~~917.3868 0.~~84204210~~81867333 5647,~~008~~952.5470 OT 0.00 0.00 0.00000000 0.00 Totals 2220,~~275~~362,~~438~~281.0244 ~~492~~471,~~260~~898,~~293~~012.8239 0.~~80379329~~77054449 2220,~~275~~362,~~438~~281.0244

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 203,101,000.00 ~~794~~747.~~26394543~~00102786 0.00000000 4742.~~26291756~~59536659 0.00000000 I-M-1 13,619,000.00 ~~794~~747.~~26394522~~00102798 0.00000000 4742.~~26291725~~59536677 0.00000000 I-M-2 11,842,000.00 ~~794~~747.~~26394528~~00102770 0.00000000 4742.~~26291758~~59536649 0.00000000 I-M-3 7,106,500.00 ~~794~~747.~~26394568~~00102723 0.00000000 4742.~~26291705~~59536621 0.00000000 2-A-1 100,592,000.00 ~~806~~775.~~07219302~~84241530 0.00000000 3031.~~22977772~~13916713 0.00000000 2-M-1 8,647,000.00 ~~806~~775.~~07219267~~84241587 0.00000000 3031.~~22977796~~13916734 0.00000000 2-M-2 3,747,000.00 ~~806~~775.~~07219376~~84241527 0.00000000 3031.~~22977849~~13916733 0.00000000 2-M-3 1,729,500.00 ~~806~~775.~~07219428~~84241688 0.00000000 3031.~~22977739~~13916739 0.00000000 3-A-1 150,328,000.00 ~~913~~883.~~62440936~~09791988 0.00000000 3027.~~52648948~~29597646 0.00000000 3-M-1 7,235,000.00 ~~913~~883.~~62440912~~09791983 0.00000000 3027.~~52648929~~29597650 0.00000000 3-M-2 2,412,500.00 ~~913~~883.~~62441036~~09791917 0.00000000 3027.~~52649119~~29597513 0.00000000 4-A-1 92,060,000.00 ~~869~~842.~~33670563~~04209407 0.00000000 2723.~~29461156~~36876287 0.00000000 4-M-1 4,616,000.00 ~~869~~842.~~33670494~~04209489 0.00000000 2723.~~29461222~~36876300 0.00000000 4-M-2 3,334,000.00 ~~869~~842.~~33670666~~04209358 0.00000000 2723.~~29461308~~36876425 0.00000000 4-M-3 2,052,000.00 ~~869~~842.~~33670565~~04209552 0.00000000 2723.~~29461014~~36876218 0.00000000 OT 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 I-A 0.00000000 4742.~~26291756~~59536659 ~~747~~704.~~00102786~~40566127 0.~~74700103~~70440566 4742.~~26291756~~59536659 I-M-1 0.00000000 4742.~~26291725~~59536677 ~~747~~704.~~00102798~~40566121 0.~~74700103~~70440566 4742.~~26291725~~59536677 I-M-2 0.00000000 4742.~~26291758~~59536649 ~~747~~704.~~00102770~~40566121 0.~~74700103~~70440566 4742.~~26291758~~59536649 I-M-3 0.00000000 4742.~~26291705~~59536621 ~~747~~704.~~00102723~~40566101 0.~~74700103~~70440566 4742.~~26291705~~59536621 2-A-1 0.00000000 3031.~~22977772~~13916713 ~~775~~744.~~84241530~~70324817 0.~~77584242~~74470325 3031.~~22977772~~13916713 2-M-1 0.00000000 3031.~~22977796~~13916734 ~~775~~744.~~84241587~~70324853 0.~~77584242~~74470325 3031.~~22977796~~13916734 2-M-2 0.00000000 3031.~~22977849~~13916733 ~~775~~744.~~84241527~~70324793 0.~~77584242~~74470325 3031.~~22977849~~13916733 2-M-3 0.00000000 3031.~~22977739~~13916739 ~~775~~744.~~84241688~~70324949 0.~~77584242~~74470325 3031.~~22977739~~13916739 3-A-1 0.00000000 3027.~~52648948~~29597646 ~~883~~855.~~09791988~~80194348 0.~~88309792~~85580194 3027.~~52648948~~29597646 3-M-1 0.00000000 3027.~~52648929~~29597650 ~~883~~855.~~09791983~~80194333 0.~~88309792~~85580194 3027.~~52648929~~29597650 3-M-2 0.00000000 3027.~~52649119~~29597513 ~~883~~855.~~09791917~~80194404 0.~~88309792~~85580194 3027.~~52649119~~29597513 4-A-1 0.00000000 2723.~~29461156~~36876287 ~~842~~818.~~04209407~~67333109 0.~~84204209~~81867333 2723.~~29461156~~36876287 4-M-1 0.00000000 2723.~~29461222~~36876300 ~~842~~818.~~04209489~~67333189 0.~~84204209~~81867333 2723.~~29461222~~36876300 4-M-2 0.00000000 2723.~~29461308~~36876425 ~~842~~818.~~04209358~~67333233 0.~~84204209~~81867333 2723.~~29461308~~36876425 4-M-3 0.00000000 2723.~~29461014~~36876218 ~~842~~818.~~04209552~~67333333 0.~~84204210~~81867333 2723.~~29461014~~36876218 OT 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 I-A 203,101,000.00 2.~~28250~~53000% ~~161~~151,~~315~~716,~~801~~655.5876 ~~327~~330,~~291~~531.8459 0.00 0.00 I-M-1 13,619,000.00 2.~~53250~~78000% 10,~~817~~173,~~080~~407.6700 24,~~350~~354.4501 0.00 0.00 I-M-2 11,842,000.00 3.~~18250~~43000% 98,~~405~~845,~~673~~986.6417 26,~~607~~127.6160 0.00 0.00 I-M-3 7,106,500.00 34.~~93250~~18000% 5,~~644~~308,~~436~~562.7380 19,~~730~~107.4488 0.00 0.00 2-A-1 100,592,000.00 2.61000% 8178,~~084~~043,~~414~~540.0424 ~~176~~169,~~358~~744.6070 0.00 0.00 2-M-1 8,647,000.00 3.25000% 6,~~970~~708,~~106~~709.2537 18,~~877~~169.3742 0.00 0.00 2-M-2 3,747,000.00 3.45500% 32,~~020~~907,~~352~~081.5153 8,~~696~~369.1097 0.00 0.00 2-M-3 1,729,500.00 3.66000% 1,~~394~~341,~~101~~819.8646 4,~~252~~092.0155 0.00 0.00 3-A-1 150,328,000.00 3.28000% ~~137~~132,~~343~~754,~~330~~344.2110 ~~375~~362,~~405~~861.1087 0.00 0.00 3-M-1 7,235,000.00 3.49500% 6,~~610~~389,~~072~~213.6045 1918,~~251~~608.8458 0.00 0.00 3-M-2 2,412,500.00 3.70000% 2,~~204~~130,~~118~~473.8973 6,~~796~~568.0396 0.00 0.00 4-A-1 92,060,000.00 3.28000% 8077,~~031~~518,~~137~~395.1218 ~~218~~211,~~751~~883.7761 0.00 0.00 4-M-1 4,616,000.00 3.49500% 43,~~012~~886,~~858~~866.2331 11,~~687~~320.4550 0.00 0.00 4-M-2 3,334,000.00 3.70000% 2,~~898~~807,368.5834 8,~~936~~656.6405 0.00 0.00 4-M-3 2,052,000.00 3.90500% 1,~~783~~727,~~878~~870.9238 5,~~805~~622.0478 0.00 0.00 OT 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 612,421,500.00 1,~~252~~226,~~798~~020.2907 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 I-A 0.00 0.00 ~~327~~330,~~291~~531.8459 0.00 ~~151~~143,~~716~~065,~~655~~494.7621 I-M-1 0.00 0.00 24,~~350~~354.4501 0.00 109,~~173~~593,~~407~~300.0070 I-M-2 0.00 0.00 26,~~607~~127.6160 0.00 8,~~845~~341,~~986~~571.1784 I-M-3 0.00 0.00 19,~~730~~107.4488 0.00 5,~~308~~005,~~562~~858.8083 2-A-1 0.00 0.00 ~~176~~169,~~358~~744.6070 0.00 7874,~~043~~911,~~540~~189.2414 2-M-1 0.00 0.00 18,~~877~~169.3742 0.00 6,~~708~~439,~~709~~448.3799 2-M-2 0.00 0.00 8,~~696~~369.1097 0.00 2,~~907~~790,~~081~~403.5307 2-M-3 0.00 0.00 4,~~252~~092.0155 0.00 1,~~341~~287,~~819~~964.4627 3-A-1 0.00 0.00 ~~375~~362,~~405~~861.1087 0.00 ~~132~~128,~~754~~650,~~344~~994.1056 3-M-1 0.00 0.00 1918,~~251~~608.8458 0.00 6,~~389~~191,~~213~~727.4506 3-M-2 0.00 0.00 6,~~796~~568.0396 0.00 2,~~130~~064,~~473~~622.7319 4-A-1 0.00 0.00 ~~218~~211,~~751~~883.7761 0.00 7775,~~518~~367,~~395~~066.1886 4-M-1 0.00 0.00 11,~~687~~320.4550 0.00 3,~~886~~778,~~866~~996.3110 4-M-2 0.00 0.00 8,~~936~~656.6405 0.00 2,~~807~~729,~~368~~456.3489 4-M-3 0.00 0.00 5,~~805~~622.0478 0.00 1,~~727~~679,~~870~~917.3868 OT 0.00 0.00 ~~790~~734,~~438~~966.5824 0.00 0.00 Totals 0.00 0.00 21,~~043~~960,~~236~~986.8731 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 I-A 203,101,000.00 2.~~28250~~53000% ~~794~~747.~~26394543~~00102786 1.~~61147331~~62742473 0.00000000 0.00000000 I-M-1 13,619,000.00 2.~~53250~~78000% ~~794~~747.~~26394522~~00102798 1.~~78797636~~78823776 0.00000000 0.00000000 I-M-2 11,842,000.00 3.~~18250~~43000% ~~794~~747.~~26394528~~00102770 2.~~24688482~~20635028 0.00000000 0.00000000 I-M-3 7,106,500.00 34.~~93250~~18000% ~~794~~747.~~26394568~~00102723 2.~~77639344~~68878914 0.00000000 0.00000000 2-A-1 100,592,000.00 2.61000% ~~806~~775.~~07219302~~84241530 1.~~75320701~~68745725 0.00000000 0.00000000 2-M-1 8,647,000.00 3.25000% ~~806~~775.~~07219267~~84241587 2.~~18311206~~10123974 0.00000000 0.00000000 2-M-2 3,747,000.00 3.45500% ~~806~~775.~~07219376~~84241527 2.~~32081665~~23377902 0.00000000 0.00000000 2-M-3 1,729,500.00 3.66000% ~~806~~775.~~07219428~~84241688 2.~~45851980~~36631975 0.00000000 0.00000000 3-A-1 150,328,000.00 3.28000% ~~913~~883.~~62440936~~09791988 2.~~49724004~~41380096 0.00000000 0.00000000 3-M-1 7,235,000.00 3.49500% ~~913~~883.~~62440912~~09791983 2.~~66093158~~57202211 0.00000000 0.00000000 3-M-2 2,412,500.00 3.70000% ~~913~~883.~~62441036~~09791917 2.~~81700725~~72288497 0.00000000 0.00000000 4-A-1 92,060,000.00 3.28000% ~~869~~842.~~33670563~~04209407 2.~~37618694~~30158169 0.00000000 0.00000000 4-M-1 4,616,000.00 3.49500% ~~869~~842.~~33670494~~04209489 2.~~53194324~~45244801 0.00000000 0.00000000 4-M-2 3,334,000.00 3.70000% ~~869~~842.~~33670666~~04209358 2.~~68045591~~59629574 0.00000000 0.00000000 4-M-3 2,052,000.00 3.90500% ~~869~~842.~~33670565~~04209552 2.~~82896686~~74014620 0.00000000 0.00000000 OT 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 I-A 0.00000000 0.00000000 1.~~61147331~~62742473 0.00000000 ~~747~~704.~~00102786~~40566127 I-M-1 0.00000000 0.00000000 1.~~78797636~~78823776 0.00000000 ~~747~~704.~~00102798~~40566121 I-M-2 0.00000000 0.00000000 2.~~24688482~~20635028 0.00000000 ~~747~~704.~~00102770~~40566121 I-M-3 0.00000000 0.00000000 2.~~77639344~~68878914 0.00000000 ~~747~~704.~~00102723~~40566101 2-A-1 0.00000000 0.00000000 1.~~75320701~~68745725 0.00000000 ~~775~~744.~~84241530~~70324817 2-M-1 0.00000000 0.00000000 2.~~18311206~~10123974 0.00000000 ~~775~~744.~~84241587~~70324853 2-M-2 0.00000000 0.00000000 2.~~32081665~~23377902 0.00000000 ~~775~~744.~~84241527~~70324793 2-M-3 0.00000000 0.00000000 2.~~45851980~~36631975 0.00000000 ~~775~~744.~~84241688~~70324949 3-A-1 0.00000000 0.00000000 2.~~49724004~~41380096 0.00000000 ~~883~~855.~~09791988~~80194348 3-M-1 0.00000000 0.00000000 2.~~66093158~~57202211 0.00000000 ~~883~~855.~~09791983~~80194333 3-M-2 0.00000000 0.00000000 2.~~81700725~~72288497 0.00000000 ~~883~~855.~~09791917~~80194404 4-A-1 0.00000000 0.00000000 2.~~37618694~~30158169 0.00000000 ~~842~~818.~~04209407~~67333109 4-M-1 0.00000000 0.00000000 2.~~53194324~~45244801 0.00000000 ~~842~~818.~~04209489~~67333189 4-M-2 0.00000000 0.00000000 2.~~68045591~~59629574 0.00000000 ~~842~~818.~~04209358~~67333233 4-M-3 0.00000000 0.00000000 2.~~82896686~~74014620 0.00000000 ~~842~~818.~~04209552~~67333333 OT 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 2422,~~470~~476,~~105~~200.5347 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 3739,~~410~~270.4985 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2422,~~507~~515,~~516~~471.0232 Withdrawals Reimbursement for Servicer Advances 2737,~~086~~410.9949 Payment of Service Fee ~~161~~154,~~754~~793.1407 Payment of Interest and Principal 2422,~~318~~323,~~674~~267.8976 Total Withdrawals (Pool Distribution Amount) 2422,~~507~~515,~~516~~471.0232 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~161~~154,~~754~~793.1407 Indenture Trustee Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~161~~154,~~754~~793.1407

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 1 0 0 1 165,~~869~~695.8151 0.00 0.00 165,~~869~~695.8151 30 Days 10 0 0 0 10 2,~~486~~008,~~948~~061.0941 0.00 0.00 0.00 2,~~486~~008,~~948~~061.0941 60 Days 31 0 14 0 45 ~~630~~90,~~348~~101.8990 0.00 ~~493~~1,~~442~~281,598.1214 0.00 1,~~123~~371,~~791~~700.0104 90 Days 01 0 51 0 52 0109,788.0049 0.00 1493,~~467,127~~442.6512 0.00 1603,~~467,127~~230.6561 120 Days 1 0 0 5 0 15 ~~265,220.44~~ 0.00 0.00 1,467,127.65 0.00 ~~265~~1,~~220~~467,127.4465 150 Days 01 0 0 0 01 0265,220.0044 0.00 0.00 0.00 0265,220.0044 180+ Days 2 0 3 0 5 366,837.15 0.00 668,727.63 0.00 1,035,564.78 Totals 1615 1 913 0 2629 32,~~749~~840,~~354~~009.5739 165,~~869~~695.8151 23,~~629~~910,~~297~~895.4054 0.00 6,~~544~~916,~~521~~600.7844 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.~~052882~~054885% 0.000000% 0.000000% 0.~~052882~~054885% 0.~~033465~~034862% 0.000000% 0.000000% 0.~~033465~~034862% 30 Days 0.~~528821~~548847% 0.000000% 0.000000% 0.000000% 0.~~528821~~548847% 0.~~501748~~422487% 0.000000% 0.000000% 0.000000% 0.~~501748~~422487% 60 Days 0.~~158646~~054885% 0.000000% 0.~~052882~~219539% 0.000000% 0.~~211528~~274424% 0.~~127175~~018957% 0.000000% 0.~~099553~~269642% 0.000000% 0.~~226728~~288599% 90 Days 0.~~000000~~054885% 0.000000% 0.~~264410~~054885% 0.000000% 0.~~264410~~109769% 0.~~000000~~023099% 0.000000% 0.~~295997~~103818% 0.000000% 0.~~295997~~126917% 120 Days 0.~~052882~~000000% 0.000000% 0.~~000000~~274424% 0.000000% 0.~~052882~~274424% 0.~~053509~~000000% 0.000000% 0.~~000000~~308677% 0.000000% 0.~~053509~~308677% 150 Days 0.~~000000~~054885% 0.000000% 0.000000% 0.000000% 0.~~000000~~054885% 0.~~000000~~055801% 0.000000% 0.000000% 0.000000% 0.~~000000~~055801% 180+ Days 0.~~105764~~109769% 0.000000% 0.~~158646~~164654% 0.000000% 0.~~264410~~274424% 0.~~074010~~077181% 0.000000% 0.~~134918~~140697% 0.000000% 0.~~208928~~217878% Totals 0.~~846113~~823271% 0.~~052882~~054885% 0.~~475939~~713502% 0.000000% 1.~~374934~~591658% 0.~~756442~~597525% 0.~~033465~~034862% 0.~~530468~~822834% 0.000000% 1.~~320375~~455221%

Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 51 0 0 0 51 ~~895~~330,~~396~~536.5105 0.00 0.00 0.00 ~~895~~330,~~396~~536.5105 60 Days 1 0 12 0 23 ~~331~~90,~~197~~101.3890 0.00 ~~493~~567,~~442~~515.1210 0.00 ~~824~~657,~~639~~617.5000 90 Days 0 0 31 0 31 0.00 0.00 1493,~~116,574~~442.7412 0.00 1493,~~116,574~~442.7412 120 Days 1 0 0 3 0 13 ~~265,220.44~~ 0.00 0.00 1,116,574.74 0.00 ~~265~~1,~~220~~116,574.4474 150 Days 01 0 0 0 01 0265,220.0044 0.00 0.00 0.00 0265,220.0044 180 Days 1 0 2 0 3 251,259.38 0.00 590,603.50 0.00 841,862.88 Totals 84 0 68 0 1412 1937,~~743,073~~117.7177 0.00 2,~~200~~768,~~620~~135.3646 0.00 3,~~943~~705,~~694~~253.0723 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~765697~~160772% 0.000000% 0.000000% 0.000000% 0.~~765697~~160772% 0.~~504961~~197595% 0.000000% 0.000000% 0.000000% 0.~~504961~~197595% 60 Days 0.~~153139~~160772% 0.000000% 0.~~153139~~321543% 0.000000% 0.~~306279~~482315% 0.~~186780~~053863% 0.000000% 0.~~278278~~339261% 0.000000% 0.~~465058~~393124% 90 Days 0.000000% 0.000000% 0.~~459418~~160772% 0.000000% 0.~~459418~~160772% 0.000000% 0.000000% 0.~~629695~~294980% 0.000000% 0.~~629695~~294980% 120 Days 0.~~153139~~000000% 0.000000% 0.~~000000~~482315% 0.000000% 0.~~153139~~482315% 0.~~149572~~000000% 0.000000% 0.~~000000~~667489% 0.000000% 0.~~149572~~667489% 150 Days 0.~~000000~~160772% 0.000000% 0.000000% 0.000000% 0.~~000000~~160772% 0.~~000000~~158549% 0.000000% 0.000000% 0.000000% 0.~~000000~~158549% 180 Days 0.~~153139~~160772% 0.000000% 0.~~306279~~321543% 0.000000% 0.~~459418~~482315% 0.~~141698~~150203% 0.000000% 0.~~333073~~353063% 0.000000% 0.~~474771~~503266% Totals 10.~~225115~~643087% 0.000000% 01.~~918836~~286174% 0.000000% 21.~~143951~~929260% 0.~~983011~~560210% 0.000000% 1.~~241046~~654794% 0.000000% 2.~~224057~~215004% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 1 0 0 1 165,~~869~~695.8151 0.00 0.00 165,~~869~~695.8151 30 Days 45 0 0 0 45 1,~~374~~105,~~584~~733.6876 0.00 0.00 0.00 1,~~374~~105,~~584~~733.6876 60 Days 0 0 01 0 01 0.00 0.00 0497,116.0014 0.00 0497,116.0014 90 Days 0 0 10 0 10 0.00 0.00 ~~80,586~~0.7300 0.00 ~~80,586~~0.7300 120 Days 0 0 01 0 01 0.00 0.00 080,586.0073 0.00 080,586.0073 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 78,124.13 0.00 78,124.13 Totals 45 1 23 0 79 1,~~374~~105,~~584~~733.6876 165,~~869~~695.8151 ~~158~~655,~~710~~827.8600 0.00 1,~~699~~927,~~165~~256.3527 0-29 Days 0.~~260417~~271003% 0.000000% 0.000000% 0.~~260417~~271003% 0.~~184988~~192458% 0.000000% 0.000000% 0.~~184988~~192458% 30 Days 1.~~041667~~355014% 0.000000% 0.000000% 0.000000% 1.~~041667~~355014% 1.~~533019~~284326% 0.000000% 0.000000% 0.000000% 1.~~533019~~284326% 60 Days 0.000000% 0.000000% 0.~~000000~~271003% 0.000000% 0.~~000000~~271003% 0.000000% 0.000000% 0.~~000000~~577407% 0.000000% 0.~~000000~~577407% 90 Days 0.000000% 0.000000% 0.~~260417~~000000% 0.000000% 0.~~260417~~000000% 0.000000% 0.000000% 0.~~089875~~000000% 0.000000% 0.~~089875~~000000% 120 Days 0.000000% 0.000000% 0.~~000000~~271003% 0.000000% 0.~~000000~~271003% 0.000000% 0.000000% 0.~~000000~~093603% 0.000000% 0.~~000000~~093603% 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.~~260417~~271003% 0.000000% 0.~~260417~~271003% 0.000000% 0.000000% 0.~~087129~~090742% 0.000000% 0.~~087129~~090742% Totals 1.~~041667~~355014% 0.~~260417~~271003% 0.~~520833~~813008% 0.000000% 12.~~822917~~439024% 1.~~533019~~284326% 0.~~184988~~192458% 0.~~177004~~761752% 0.000000% 12.~~895011~~238536% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 14 0 0 0 14 ~~216~~571,~~966~~791.9060 0.00 0.00 0.00 ~~216~~571,~~966~~791.9060 60 Days 2 0 0 1 0 21 ~~299,151.51~~ 0.00 0.00 216,966.90 0.00 ~~299~~216,~~151~~966.5190 90 Days 1 0 0 1 0 1 109,788.49 0.00 0.00 ~~269,966.18~~ 0.00 ~~269~~109,~~966~~788.1849 120 Days 0 0 01 0 01 0.00 0.00 0269,966.0018 0.00 0269,966.0018 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 1 0 0 0 1 115,577.77 0.00 0.00 0.00 115,577.77 Totals 46 0 12 0 58 ~~631~~797,~~696~~157.1886 0.00 ~~269~~486,~~966~~933.1808 0.00 ~~901~~1,~~662~~284,090.3694 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.~~224719~~923788% 0.000000% 0.000000% 0.000000% 0.~~224719~~923788% 0.~~250741~~679536% 0.000000% 0.000000% 0.000000% 0.~~250741~~679536% 60 Days 0.~~449438~~000000% 0.000000% 0.~~000000~~230947% 0.000000% 0.~~449438~~230947% 0.~~345719~~000000% 0.000000% 0.~~000000~~257851% 0.000000% 0.~~345719~~257851% 90 Days 0.~~000000~~230947% 0.000000% 0.~~224719~~000000% 0.000000% 0.~~224719~~230947% 0.~~000000~~130476% 0.000000% 0.~~311990~~000000% 0.000000% 0.~~311990~~130476% 120 Days 0.000000% 0.000000% 0.~~000000~~230947% 0.000000% 0.~~000000~~230947% 0.000000% 0.000000% 0.~~000000~~320837% 0.000000% 0.~~000000~~320837% 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.~~224719~~230947% 0.000000% 0.000000% 0.000000% 0.~~224719~~230947% 0.~~133569~~137357% 0.000000% 0.000000% 0.000000% 0.~~133569~~137357% Totals 01.~~898876~~385681% 0.000000% 0.~~224719~~461894% 0.000000% 1.~~123596~~847575% 0.~~730028~~947369% 0.000000% 0.~~311990~~578688% 0.000000% 1.~~042019~~526057%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3739,~~410~~270.4985

COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.~~111904~~125664% Weighted Average Net Coupon 4.~~736904~~750664% Weighted Average Pass-Through Rate 4.~~736904~~750664% Weighted Average Maturity(Stepdown Calculation ) ~~351~~350 Beginning Scheduled Collateral Loan Count 1,~~962~~891 Number Of Loans Paid In Full 7169 Ending Scheduled Collateral Loan Count 1,~~891~~822 Beginning Scheduled Collateral Balance ~~517~~495,~~613~~337,~~228~~790.0503 Ending Scheduled Collateral Balance ~~495~~474,~~337~~975,~~790~~508.0359 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~495~~475,~~656~~295,~~336~~670.1512 Monthly P &I Constant 2,~~582~~482,~~500~~627.8152 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~495~~474,~~337~~975,~~790~~508.0359 Scheduled Principal ~~377~~366,~~509~~848.8013 Unscheduled Principal 2119,~~897~~995,~~928~~433.2231

Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~875348~~904371 5.~~260778~~270499 4.~~771582~~771202 Weighted Average Net Rate 4.~~500348~~529371 4.~~885778~~895499 4.~~396582~~396202 Weighted Average Maturity ~~351~~350 ~~351~~ 350 349 Beginning Loan Count ~~690~~653 ~~395~~384 ~~421~~409 Loans Paid In Full 3731 15 11 12 Ending Loan Count ~~653~~622 ~~384~~369 ~~409~~398 Beginning Scheduled Balance ~~188~~177,~~367~~228,~~256~~875.4657 9389,~~045~~577,~~434~~610.7872 ~~146~~142,~~961~~077,~~419~~928.3492 Ending scheduled Balance ~~177~~167,~~228~~190,~~875~~489.5742 8986,~~577~~005,~~610~~465.7259 ~~142~~137,~~077~~711,~~928~~241.9244 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~852~~807,~~595~~712.3967 ~~517~~499,~~287~~355.2793 ~~673~~653,~~885~~137.9619 Scheduled Principal 8783,~~298~~382.7157 ~~109~~105,~~377~~923.7964 8988,~~520~~235.5408 Unscheduled Principal 119,~~051~~955,~~082~~003.1858 3,~~358~~466,~~446~~221.2749 4,~~793~~278,~~969~~452.8840 Scheduled Interest ~~765~~724,~~296~~330.6810 ~~407~~393,~~909~~432.4829 ~~584~~564,~~365~~902.4211 Servicing Fees 5855,~~864~~384.7703 2927,~~076~~993.6901 4544,~~925~~399.4535 Master Servicing Fees 0.00 0.00 0.00 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 ~~706~~668,~~431~~946.9107 ~~378~~365,~~832~~439.7928 ~~538~~520,~~439~~502.9776 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 4.~~500348~~529371 4.~~885778~~895499 4.~~396582~~396202 Group I Group II Group III Required Overcollateralization Amount 0.00 0.00 0.00 Overcollateralization Increase Amount 0.00 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 0.00 Specified Overcollateralization Amount 1,184,263.83 576,460.12 803,897.64 Overcollateralization Amount 1,184,263.83 576,460.12 803,897.64 Overcollateralization Deficiency Amount 0.00 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 0.00 Excess Cash Amount ~~308~~268,~~451~~824.5799 ~~170~~165,~~648~~062.7164 ~~136~~132,~~987~~463.0034

Group Level Collateral Statement Group Group IV Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.~~016457~~011771 5.~~111904~~125664 Weighted Average Net Rate 5.~~641457~~636771 4.~~736904~~750664 Weighted Average Maturity ~~352~~ 351 350 Beginning Loan Count ~~456~~445 1,~~962~~891 Loans Paid In Full 1112 7169 Ending Loan Count ~~445~~433 1,~~891~~822 Beginning Scheduled Balance 8986,~~239~~453,~~117~~374.4782 ~~517~~495,~~613~~337,~~228~~790.0503 Ending scheduled Balance 8684,~~453~~068,~~374~~312.8214 ~~495~~474,~~337~~975,~~790~~508.0359 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~538~~522,~~732~~421.1973 2,~~582~~482,~~500~~627.8152 Scheduled Principal 9189,~~312~~306.7684 ~~377~~366,~~509~~848.8013 Unscheduled Principal 2,~~694~~295,~~429~~755.8984 2119,~~897~~995,~~928~~433.2231 Scheduled Interest ~~447~~433,~~419~~114.4389 2,~~204~~115,~~991~~779.0139 Servicing Fees 27,~~887~~016.2368 ~~161~~154,~~754~~793.1407 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest ~~419~~406,~~532~~098.2021 21,~~043~~960,~~236~~986.8732 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.~~641457~~636771 4.~~736904~~750664 Group IV Total Required Overcollateralization Amount 0.00 0.00 Overcollateralization Increase Amount 0.00 0.00 Overcollateralization Reduction Amount 0.00 0.00 Specified Overcollateralization Amount 512,874.62 3,077,496.21 Overcollateralization Amount 512,874.62 3,077,496.21 Overcollateralization Deficiency Amount 0.00 0.00 Base Overcollateralization Amount 0.00 0.00 Extra Principal Distribution Amount 0.00 0.00 Excess Cash Amount ~~174~~168,~~351~~615.3027 ~~790~~734,~~438~~966.5824

Filing Compare · AMERICAN HOME MORT SECURITIES HOME MORTGAGE INVEST TR 2004-1