8-K 1 opt04003_dec.txt DECEMBER 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 27, 2004 OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-05 54-2162633 Pooling and Servicing Agreement) (Commission 54-2162634 (State or other File Number) 54-2162635 jurisdiction 54-2162636 of Incorporation) 54-2162637 IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 OPTION ONE MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2004-3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-3 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. OPTION ONE MORTGAGE LOAN TRUST Asset Backed Certificates, Series 2004-3 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: 12/29/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-3 Trust, relating to the December 27, 2004 distribution. EX-99.1

Option One Mortgage Loan Trust Asset Backed Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~OOMC~~Option One Mortgage Loan Trust Asset Backed Certificates Series: 2004-3 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 68389FFP4 SEN 2.~~18000~~52000% ~~400~~391,~~000~~065,~~000~~282.0036 1848,~~259,555~~611.5666 86,~~934~~085,~~717~~163.6429 A-2 68389FFQ2 SEN 12.~~99000~~33000% ~~145~~138,~~000~~160,~~000~~361.0001 ~~416~~277,~~794~~203.4441 610,~~839~~170,~~638~~449.9953 A-3 68389FFR0 SEN 2.~~14000~~48000% 225,500,000.00 ~~697~~481,~~045~~567.5678 0.00 A-4 68389FFS8 SEN 2.~~29000~~63000% 44,500,000.00 ~~147~~100,~~196~~780.1114 0.00 M-1 68389FFT6 MEZ 2.~~36000~~70000% 31,500,000.00 ~~107~~73,~~380~~237.0050 0.00 M-2 68389FFU3 MEZ 2.~~41000~~75000% 28,000,000.00 9766,~~471~~305.1156 0.00 M-3 68389FFV1 MEZ 2.~~49000~~83000% 15,000,000.00 5336,~~950~~554.0017 0.00 M-4 68389FFW9 MEZ 23.~~79000~~13000% 15,500,000.00 6241,~~465~~776.0081 0.00 M-5 68389FFX7 MEZ 23.~~89000~~23000% 14,500,000.00 6040,~~529~~330.4414 0.00 M-6 68389FFY5 MEZ 3.~~09000~~43000% 12,000,000.00 5335,~~560~~443.0033 0.00 M-7 68389FFZ2 MEZ 3.~~49000~~83000% 12,500,000.00 6341,~~013~~225.8969 0.00 M-8 68389FGA6 MEZ 3.~~59000~~93000% 8,000,000.00 4127,~~484~~073.4433 0.00 M-9 68389FGB4 MEZ 45.~~99000~~33000% 10,000,000.00 7245,~~077~~897.7822 0.00 M-10 68389FGC2 MEZ 5.~~34000~~68000% 10,500,000.00 8051,~~990~~356.0067 0.00 P OPT04003P Pre Pay 0.00000% 100.00 ~~214~~254,~~157~~296.7066 0.00 C OPT04003C OC 0.00000% 27,~~499~~500,~~900~~000.00 23,~~700~~649,~~633~~768.6862 0.00 R 68389FGD0 MEZ 0.00000% 0.00 0.00 0.00 RX OPT0403RX MEZ 0.00000% 0.00 0.00 0.00 Totals 1984,~~000~~225,~~000,000~~743.0037 6,~~128~~071,~~304~~428.7169 1516,~~774~~255,~~356~~612.6382

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 ~~391~~384,~~065~~980,~~282~~119.3607 106,~~194~~933,~~273~~774.2095 0.00 A-2 0.00 ~~138~~127,~~160~~989,~~361~~911.0148 710,~~256~~447,~~433~~652.4394 0.00 A-3 0.00 225,500,000.00 ~~697~~481,~~045~~567.5678 0.00 A-4 0.00 44,500,000.00 ~~147~~100,~~196~~780.1114 0.00 M-1 0.00 31,500,000.00 ~~107~~73,~~380~~237.0050 0.00 M-2 0.00 28,000,000.00 9766,~~471~~305.1156 0.00 M-3 0.00 15,000,000.00 5336,~~950~~554.0017 0.00 M-4 0.00 15,500,000.00 6241,~~465~~776.0081 0.00 M-5 0.00 14,500,000.00 6040,~~529~~330.4414 0.00 M-6 0.00 12,000,000.00 5335,~~560~~443.0033 0.00 M-7 0.00 12,500,000.00 6341,~~013~~225.8969 0.00 M-8 0.00 8,000,000.00 4127,~~484~~073.4433 0.00 M-9 0.00 10,000,000.00 7245,~~077~~897.7822 0.00 M-10 0.00 10,500,000.00 8051,~~990~~356.0067 0.00 P 0.00 100.00 ~~214~~254,~~157~~296.7066 0.00 C 0.00 27,500,000.00 23,~~700~~649,~~633~~768.6862 0.00 R 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 Totals 0.00 ~~984~~967,~~225~~970,~~743~~130.3755 2122,~~902~~327,~~661~~041.3451 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-1 400,000,000.00 ~~400~~391,~~000~~065,~~000~~282.0036 0.00 86,~~934~~085,~~717~~163.6429 0.00 0.00 A-2 145,000,000.00 ~~145~~138,~~000~~160,~~000~~361.0001 0.00 610,~~839~~170,~~638~~449.9953 0.00 0.00 A-3 225,500,000.00 225,500,000.00 0.00 0.00 0.00 0.00 A-4 44,500,000.00 44,500,000.00 0.00 0.00 0.00 0.00 M-1 31,500,000.00 31,500,000.00 0.00 0.00 0.00 0.00 M-2 28,000,000.00 28,000,000.00 0.00 0.00 0.00 0.00 M-3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00 M-4 15,500,000.00 15,500,000.00 0.00 0.00 0.00 0.00 M-5 14,500,000.00 14,500,000.00 0.00 0.00 0.00 0.00 M-6 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00 M-7 12,500,000.00 12,500,000.00 0.00 0.00 0.00 0.00 M-8 8,000,000.00 8,000,000.00 0.00 0.00 0.00 0.00 M-9 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 M-10 10,500,000.00 10,500,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 C 27,499,900.00 27,~~499~~500,~~900~~000.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 RX 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,000,000,000.00 1984,~~000~~225,~~000,000~~743.0037 0.00 1516,~~774~~255,~~356~~612.6382 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 86,~~934~~085,~~717~~163.6429 ~~391~~384,~~065~~980,~~282~~119.3607 0.~~97766321~~96245030 86,~~934~~085,~~717~~163.6429 A-2 610,~~839~~170,~~638~~449.9953 ~~138~~127,~~160~~989,~~361~~911.0148 0.~~95283008~~88268904 610,~~839~~170,~~638~~449.9953 A-3 0.00 225,500,000.00 1.00000000 0.00 A-4 0.00 44,500,000.00 1.00000000 0.00 M-1 0.00 31,500,000.00 1.00000000 0.00 M-2 0.00 28,000,000.00 1.00000000 0.00 M-3 0.00 15,000,000.00 1.00000000 0.00 M-4 0.00 15,500,000.00 1.00000000 0.00 M-5 0.00 14,500,000.00 1.00000000 0.00 M-6 0.00 12,000,000.00 1.00000000 0.00 M-7 0.00 12,500,000.00 1.00000000 0.00 M-8 0.00 8,000,000.00 1.00000000 0.00 M-9 0.00 10,000,000.00 1.00000000 0.00 M-10 0.00 10,500,000.00 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 C 0.00 27,500,000.00 1.00000364 0.00 R 0.00 0.00 0.00000000 0.00 RX 0.00 0.00 0.00000000 0.00 Totals 1516,~~774~~255,~~356~~612.6382 ~~984~~967,~~225~~970,~~743~~130.3755 0.~~98422574~~96797013 1516,~~774~~255,~~356~~612.6382

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 400,000,000.00 ~~1000~~977.~~00000000~~66320590 0.00000000 2215.~~33679410~~21290823 0.00000000 A-2 145,000,000.00 ~~1000~~952.~~00000000~~83007593 0.00000000 4770.~~16992407~~14103124 0.00000000 A-3 225,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 44,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 31,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 28,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 15,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 14,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-7 12,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-8 8,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-9 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-10 10,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 27,499,900.00 1000.~~00000000~~00363638 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000 RX 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 2215.~~33679410~~21290823 ~~977~~962.~~66320590~~45029768 0.~~97766321~~96245030 2215.~~33679410~~21290823 A-2 0.00000000 4770.~~16992407~~14103124 ~~952~~882.~~83007593~~68904469 0.~~95283008~~88268904 4770.~~16992407~~14103124 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 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 M-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-10 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00363638 1.00000364 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 RX 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-1 400,000,000.00 2.~~18000~~52000% ~~400~~391,~~000~~065,~~000~~282.0036 1848,~~259,555~~611.5666 0.00 0.00 A-2 145,000,000.00 12.~~99000~~33000% ~~145~~138,~~000~~160,~~000~~361.0001 ~~416~~277,~~794~~203.4441 0.00 0.00 A-3 225,500,000.00 2.~~14000~~48000% 225,500,000.00 ~~697~~481,~~045~~567.5678 0.00 0.00 A-4 44,500,000.00 2.~~29000~~63000% 44,500,000.00 ~~147~~100,~~196~~780.1114 0.00 0.00 M-1 31,500,000.00 2.~~36000~~70000% 31,500,000.00 ~~107~~73,~~380~~237.0050 0.00 0.00 M-2 28,000,000.00 2.~~41000~~75000% 28,000,000.00 9766,~~471~~305.1156 0.00 0.00 M-3 15,000,000.00 2.~~49000~~83000% 15,000,000.00 5336,~~950~~554.0017 0.00 0.00 M-4 15,500,000.00 23.~~79000~~13000% 15,500,000.00 6241,~~465~~776.0081 0.00 0.00 M-5 14,500,000.00 23.~~89000~~23000% 14,500,000.00 6040,~~529~~330.4414 0.00 0.00 M-6 12,000,000.00 3.~~09000~~43000% 12,000,000.00 5335,~~560~~443.0033 0.00 0.00 M-7 12,500,000.00 3.~~49000~~83000% 12,500,000.00 6341,~~013~~225.8969 0.00 0.00 M-8 8,000,000.00 3.~~59000~~93000% 8,000,000.00 4127,~~484~~073.4433 0.00 0.00 M-9 10,000,000.00 45.~~99000~~33000% 10,000,000.00 7245,~~077~~897.7822 0.00 0.00 M-10 10,500,000.00 5.~~34000~~68000% 10,500,000.00 8051,~~990~~356.0067 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 C 27,499,900.00 0.00000% 27,~~499~~500,~~900~~000.00 0.00 0.00 0.00 R 0.00 0.00000% ~~999~~984,~~999~~225,~~834~~743.7537 0.00 0.00 0.00 RX 0.00 0.00000% ~~999~~984,~~999~~225,~~834~~743.7537 0.00 0.00 0.00 Totals 1,000,000,000.00 32,~~213~~167,~~513~~363.3341 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 1848,~~259,555~~611.5666 0.00 ~~391~~384,~~065~~980,~~282~~119.3607 A-2 0.00 0.00 ~~416~~277,~~794~~203.4441 0.00 ~~138~~127,~~160~~989,~~361~~911.0148 A-3 0.00 0.00 ~~697~~481,~~045~~567.5678 0.00 225,500,000.00 A-4 0.00 0.00 ~~147~~100,~~196~~780.1114 0.00 44,500,000.00 M-1 0.00 0.00 ~~107~~73,~~380~~237.0050 0.00 31,500,000.00 M-2 0.00 0.00 9766,~~471~~305.1156 0.00 28,000,000.00 M-3 0.00 0.00 5336,~~950~~554.0017 0.00 15,000,000.00 M-4 0.00 0.00 6241,~~465~~776.0081 0.00 15,500,000.00 M-5 0.00 0.00 6040,~~529~~330.4414 0.00 14,500,000.00 M-6 0.00 0.00 5335,~~560~~443.0033 0.00 12,000,000.00 M-7 0.00 0.00 6341,~~013~~225.8969 0.00 12,500,000.00 M-8 0.00 0.00 4127,~~484~~073.4433 0.00 8,000,000.00 M-9 0.00 0.00 7245,~~077~~897.7822 0.00 10,000,000.00 M-10 0.00 0.00 8051,~~990~~356.0067 0.00 10,500,000.00 P 0.00 0.00 ~~214~~254,~~157~~296.7066 0.00 100.00 C 0.00 0.00 23,~~700~~649,~~633~~768.6862 0.00 27,500,000.00 R 0.00 0.00 0.00 0.00 ~~984~~967,~~225~~970,~~743~~130.3755 RX 0.00 0.00 0.00 0.00 ~~984~~967,~~225~~970,~~743~~130.3755 Totals 0.00 0.00 6,~~128~~071,~~304~~428.7169 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-1 400,000,000.00 2.~~18000~~52000% ~~1000~~977.~~00000000~~66320590 32.~~14888890~~12152915 0.00000000 0.00000000 A-2 145,000,000.00 12.~~99000~~33000% ~~1000~~952.~~00000000~~83007593 21.~~87444441~~91174766 0.00000000 0.00000000 A-3 225,500,000.00 2.~~14000~~48000% 1000.00000000 32.~~09111113~~13555557 0.00000000 0.00000000 A-4 44,500,000.00 2.~~29000~~63000% 1000.00000000 32.~~30777775~~26472225 0.00000000 0.00000000 M-1 31,500,000.00 2.~~36000~~70000% 1000.00000000 32.~~40888889~~32500000 0.00000000 0.00000000 M-2 28,000,000.00 2.~~41000~~75000% 1000.00000000 32.~~48111107~~36805571 0.00000000 0.00000000 M-3 15,000,000.00 2.~~49000~~83000% 1000.00000000 32.~~59666667~~43694467 0.00000000 0.00000000 M-4 15,500,000.00 23.~~79000~~13000% 1000.00000000 42.~~03000000~~69527806 0.00000000 0.00000000 M-5 14,500,000.00 23.~~89000~~23000% 1000.00000000 42.~~17444414~~78138897 0.00000000 0.00000000 M-6 12,000,000.00 3.~~09000~~43000% 1000.00000000 42.~~46333333~~95361083 0.00000000 0.00000000 M-7 12,500,000.00 3.~~49000~~83000% 1000.00000000 53.~~04111120~~29805520 0.00000000 0.00000000 M-8 8,000,000.00 3.~~59000~~93000% 1000.00000000 53.~~18555500~~38416625 0.00000000 0.00000000 M-9 10,000,000.00 45.~~99000~~33000% 1000.00000000 74.~~20777800~~58972200 0.00000000 0.00000000 M-10 10,500,000.00 5.~~34000~~68000% 1000.00000000 74.~~71333333~~89111143 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 C 27,499,900.00 0.00000% 1000.~~00000000~~00363638 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% ~~999~~984.~~99983475~~22574337 0.00000000 0.00000000 0.00000000 RX 0.00 0.00000% ~~999~~984.~~99983475~~22574337 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 32.~~14888890~~12152915 0.00000000 ~~977~~962.~~66320590~~45029768 A-2 0.00000000 0.00000000 21.~~87444441~~91174766 0.00000000 ~~952~~882.~~83007593~~68904469 A-3 0.00000000 0.00000000 32.~~09111113~~13555557 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 32.~~30777775~~26472225 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 32.~~40888889~~32500000 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 32.~~48111107~~36805571 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 32.~~59666667~~43694467 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 42.~~03000000~~69527806 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 42.~~17444414~~78138897 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 42.~~46333333~~95361083 0.00000000 1000.00000000 M-7 0.00000000 0.00000000 53.~~04111120~~29805520 0.00000000 1000.00000000 M-8 0.00000000 0.00000000 53.~~18555500~~38416625 0.00000000 1000.00000000 M-9 0.00000000 0.00000000 74.~~20777800~~58972200 0.00000000 1000.00000000 M-10 0.00000000 0.00000000 74.~~71333333~~89111143 0.00000000 1000.00000000 P 0.00000000 0.00000000 ~~2141577~~2542966.~~00000000~~60000000 0.00000000 1000.00000000 C 0.00000000 0.00000000 98132.~~20521820~~71934152 0.00000000 1000.00363638 R 0.00000000 0.00000000 0.00000000 0.00000000 ~~984~~967.~~22574337~~97013055 RX 0.00000000 0.00000000 0.00000000 0.00000000 ~~984~~967.~~22574337~~97013055 (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 2122,~~784~~330,~~505~~337.6624 Liquidations, Insurance Proceeds, Reserve Funds ~~147,385~~0.3700 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~9,075~~0.3900 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties ~~214~~254,~~157~~296.7066 Total Deposits 22,~~155~~584,~~124~~633.1290 Withdrawals Reimbursement for Servicer Advances 09,075.0039 Payment of Service Fee ~~252~~248,~~462~~517.7800 Payment of Interest and Principal 2122,~~902~~327,~~661~~041.3451 Total Withdrawals (Pool Distribution Amount) 22,~~155~~584,~~124~~633.1290 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee ~~249~~246,~~963~~056.1343 Trustee Fee 2,~~499~~460.6557 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee ~~252~~248,~~462~~517.7800

OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00 Reserve Fund 0.00 ~~214,157~~0.7000 ~~214,157~~0.7000 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 24 0 0 24 ~~261~~472,~~978~~460.5423 0.00 0.00 ~~261~~472,~~978~~460.5423 30 Days 5268 0 0 0 5268 811,~~878~~830,~~851~~097.3458 0.00 0.00 0.00 811,~~878~~830,~~851~~097.3458 60 Days 1417 0 39 0 1726 23,~~780~~142,~~787~~757.9186 0.00 ~~343~~1,~~182~~193,530.0360 0.00 34,~~123~~336,~~969~~288.9446 90 Days 08 0 05 0 013 01,722,378.0015 0.00 0584,005.0038 0.00 02,306,383.0053 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 6693 24 314 0 71111 1116,~~659~~695,~~639~~233.2559 ~~261~~472,~~978~~460.5423 ~~343~~1,~~182~~777,535.0398 0.00 1218,~~264~~945,~~799~~229.8280 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.~~035112~~071086% 0.000000% 0.000000% 0.~~035112~~071086% 0.~~026614~~048799% 0.000000% 0.000000% 0.~~026614~~048799% 30 Days 01.~~912921~~208459% 0.000000% 0.000000% 0.000000% 01.~~912921~~208459% 01.~~901977~~221885% 0.000000% 0.000000% 0.000000% 01.~~901977~~221885% 60 Days 0.~~245787~~302115% 0.000000% 0.~~052669~~159943% 0.000000% 0.~~298455~~462058% 0.~~282492~~324603% 0.000000% 0.~~034863~~123275% 0.000000% 0.~~317355~~447878% 90 Days 0.~~000000~~142172% 0.000000% 0.~~000000~~088857% 0.000000% 0.~~000000~~231029% 0.~~000000~~177898% 0.000000% 0.~~000000~~060320% 0.000000% 0.~~000000~~238217% 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 1.~~158708~~652746% 0.~~035112~~071086% 0.~~052669~~248800% 0.000000% 1.~~246489~~972632% 1.~~184469~~724385% 0.~~026614~~048799% 0.~~034863~~183595% 0.000000% 1.~~245945~~956779%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 917,~~075~~033.3933 Class M-1 153,500,000.00 15.35000000% 153,500,100.00 15.~~59602571~~85793767% 3.~~200485~~254233% 0.000000% Class M-2 125,500,000.00 12.55000000% 125,500,100.00 12.~~75114991~~96528643% 2.~~844876~~892651% 0.000000% Class M-3 110,500,000.00 11.05000000% 110,500,100.00 11.~~22710930~~41565184% 1.~~524041~~549635% 0.000000% Class M-4 95,000,000.00 9.50000000% 95,000,100.00 9.~~65226734~~81436276% 1.~~574842~~601289% 0.000000% Class P 0.00 0.00000000% 0.00 0.00000000% 0.000010% 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 7.~~400251~~395436% Weighted Average Net Coupon 7.~~100295~~095436% Weighted Average Pass-Through Rate 7.~~097296~~092436% Weighted Average Maturity(Stepdown Calculation ) 1352 Beginning Scheduled Collateral Loan Count 5,~~774~~696 Number Of Loans Paid In Full 7869 Ending Scheduled Collateral Loan Count 5,~~696~~627 Beginning Scheduled Collateral Balance 1984,~~000~~225,~~000,000~~743.0037 Ending Scheduled Collateral Balance ~~984~~967,~~225~~970,~~743~~130.3755 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~984~~968,~~376~~184,~~975~~583.9929 Monthly P &I Constant 6,~~948~~840,~~403~~575.5796 Special Servicing Fee 0.00 Prepayment Penalties ~~214~~254,~~157~~296.7066 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans ~~984~~1,~~225~~351,~~743~~821,955.3723 Scheduled Principal ~~781~~774,~~528~~926.5795 Unscheduled Principal 1415,~~992~~480,~~562~~685.8187

Unscheduled Principal-Voluntary 1415,~~845~~480,~~177~~685.4487 Unscheduled Principal-Involuntary 0.00 Other Income 0.00 Delinquency Cut Off Balance ~~991~~976,~~376~~436,~~412~~158.~~69 Prefunding Account Release 147,385.37~~56

Miscellaneous Reporting General Excess Available Amt 23,~~700~~649,~~897~~768.8548 Extra Principal Distribution Amt ~~265~~0.2500 Overcollateralization Amt 27,500,000.00 Overcollateralization Deficit Amt ~~265~~0.2500 Stepdown NO Trigger Event NO

Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.~~187865~~183329 7.~~471664~~469866 7.~~107606~~101050 Weighted Average Net Rate 6.~~887865~~883329 7.~~171664~~169866 6.~~807606~~801050 Weighted Average Maturity ~~360~~353 ~~360~~353 ~~360~~352 Beginning Loan Count ~~850~~843 2,~~328~~288 ~~848~~841 Loans Paid In Full 7 4025 78 Ending Loan Count ~~843~~836 2,~~288~~263 ~~841~~833 Beginning Scheduled Balance ~~122~~121,~~766~~550,~~603~~799.8748 ~~367~~360,~~959~~314,~~198~~633.4913 ~~152~~151,~~641~~758,~~518~~183.9044 Ending scheduled Balance ~~121~~120,~~550~~322,~~799~~719.4837 ~~360~~355,~~314~~457,~~633~~549.1395 ~~151~~149,~~758~~936,~~183~~345.4464 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~852~~844,~~318~~517.1547 2,~~565~~515,~~759~~878.4359 1,~~047~~040,~~541~~389.4548 Scheduled Principal 116,~~515~~901.5833 ~~274~~272,~~703~~960.3231 ~~143~~142,~~011~~354.4510 Unscheduled Principal 1,~~173~~111,~~486~~178.4678 74,~~369~~584,~~862~~122.0487 ~~813~~1,~~511~~679,483.7370 Scheduled Interest ~~735~~727,~~802~~616.5714 2,~~291~~242,~~056~~918.1128 ~~904~~898,~~530~~035.0038 Servicing Fees 30,~~691~~387.6670 9190,~~989~~078.8166 3837,~~160~~939.3854 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee ~~306~~303.9187 ~~919~~900.9177 ~~381~~379.6141 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 ~~704~~697,~~804~~228.0055 2,~~198~~152,~~146~~839.3950 ~~865~~860,~~988~~095.0182 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.~~885048~~880329 7.~~168664~~166866 6.~~804751~~798050

Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.~~525093~~519906 7.~~400251~~395436 Weighted Average Net Rate 7.~~225093~~219906 7.~~100295~~095436 Weighted Average Maturity ~~360~~352 1352 Beginning Loan Count 1,~~748~~724 5,~~774~~696 Loans Paid In Full 2429 7869 Ending Loan Count 1,~~724~~695 5,~~696~~627 Beginning Scheduled Balance ~~356~~350,~~485~~602,~~128~~127.1232 ~~999~~984,~~852~~225,~~449~~743.3837 Ending scheduled Balance ~~350~~342,~~602~~253,~~127~~515.3259 ~~984~~967,~~225~~970,~~743~~130.3755 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant 2,~~482~~439,~~784~~790.5442 6,~~948~~840,~~403~~575.5796 Scheduled Principal ~~247~~242,~~298~~711.2221 ~~781~~774,~~528~~926.5795 Unscheduled Principal 58,~~635~~105,~~702~~900.5852 1415,~~992~~480,~~562~~685.8187 Scheduled Interest 2,~~235~~197,~~486~~079.3221 6,~~166~~065,~~875~~649.0001 Servicing Fees 8987,~~121~~650.2853 ~~249~~246,~~963~~056.1343 Master Servicing Fees 0.00 0.00 Trustee Fee ~~891~~876.2252 2,~~499~~460.6557 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 2,~~145~~109,~~473~~428.8258 5,~~914~~819,~~412~~592.2245 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 7.~~222093~~216906 7.~~097296~~092436

Filing Compare · OPTION ONE MORTGAGE LOAN TRUST 2004-3