8-K 1 bsa04sd2_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 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-SD2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-01 54-2151927 Pooling and Servicing Agreement) (Commission 54-2151928 (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 December 27, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2004-SD2 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-SD2 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2004-SD2 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: 12/30/2004 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-SD2 Trust, relating to the December 27, 2004 distribution. EX-99.1

Bear Stearns Asset Backed Securities ~~Mortgage~~Asset ~~Pass-Through~~Backed Certificates Record Date: 1011/3130/2004 Distribution Date: 1112/2627/2004 ~~BSA~~Bear Stearns Asset Backed Securities Asset Backed Certificates Series: 2004-SD2 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 07384YTH9 SEN 34.~~99346~~10563% 19,~~853~~506,~~400~~351.7314 66,~~069~~738.8513 ~~347~~502,~~049~~299.5888 II-A 07384YTJ5 SEN 6.~~45065~~41518% 3331,~~273~~767,~~017~~433.8562 ~~178~~169,~~860~~828.5515 1,~~505~~480,~~584~~629.2300 III-A 07384YTK2 SEN 4.~~62545~~63083% 4645,~~183~~101,~~793~~785.4536 ~~178~~174,~~017~~049.4205 1870,~~082,008~~840.0867 IV-A 07384YTL0 SEN 4.~~85796~~85223% 24,~~927~~528,~~662~~476.0863 ~~100~~99,~~914~~181.6246 ~~399~~677,~~185~~673.4501 B-1 07384YTM8 SUB 5.~~08247~~08922% 7,~~371~~361,~~409~~240.1982 31,~~220~~219.8316 10,~~168~~067.3796 B-2 07384YTN6 SUB 5.~~08247~~08922% 6,~~049~~040,~~276~~932.7315 25,~~621~~619.0771 8,~~344~~262.5817 B-3 07384YTP1 SUB 5.~~08247~~08922% 5,~~103~~096,~~054~~015.3907 21,~~613~~612.4530 76,~~039~~969.3281 B-4 07384YTS5 SUB 5.~~08247~~08922% 3,~~969~~963,~~372~~897.9244 16,~~811~~810.8697 5,~~475~~421.4942 B-5 07384YTT3 SUB 5.~~08247~~08922% 2,~~835~~831,~~691~~779.4580 12,~~010~~009.2763 3,~~911~~873.6502 B-6 07384YTU0 SUB 5.~~08247~~08922% 6,~~805~~740,~~198~~631.6150 28,~~822~~587.7015 9,~~387~~219.3215 R-1 07384YTQ9 RES 3.~~67068~~67275% 0.00 0.00 0.00 R-2 07384YTR7 RES 3.~~67068~~67275% 0.00 0.00 0.00 Totals ~~156~~152,~~371~~938,~~877~~543.4053 ~~659~~645,~~962~~655.6271 3,~~378~~575,~~154~~256.0709

Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 19,~~506~~004,~~351~~051.1427 ~~413~~569,~~119~~038.4301 0.00 II-A 0.00 3130,~~767~~286,~~433~~804.62 1,~~684~~650,~~444~~457.7815 0.00 III-A 0.00 4544,~~101~~230,~~785~~944.3669 1,~~260~~044,~~025~~889.5072 0.00 IV-A 0.00 2423,~~528~~850,~~476~~803.6362 ~~500~~776,~~100~~854.0747 0.00 B-1 0.00 7,~~361~~351,~~240~~172.8286 41,~~389~~287.2012 0.00 B-2 0.00 6,~~040~~032,~~932~~669.1598 33,~~965~~881.6588 0.00 B-3 0.00 5,~~096~~089,~~015~~045.0726 28,~~652~~582.7711 0.00 B-4 0.00 3,~~963~~958,~~897~~476.4402 22,~~287~~232.3539 0.00 B-5 0.00 2,~~831~~827,~~779~~906.8078 15,~~921~~882.9265 0.00 B-6 ~~55,179~~0.7900 6,~~740~~731,~~631~~412.5035 3837,~~210~~806.0230 55,179.79 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 Totals ~~55,179~~0.7900 ~~152~~149,~~938~~363,~~543~~287.5345 4,~~038~~220,~~116~~911.6980 55,179.79 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 25,421,000.00 19,~~853~~506,~~400~~351.7314 4239,~~791~~917.4578 ~~304~~462,~~258~~382.1310 0.00 0.00 II-A 44,654,000.00 3331,~~273~~767,~~017~~433.8562 4139,~~139~~468.1457 1,~~464~~441,~~445~~160.0943 0.00 0.00 III-A 59,331,000.00 4645,~~183~~101,~~793~~785.4536 5554,~~688~~647.1432 1816,~~026,319~~193.9435 0.00 0.00 IV-A 28,771,000.00 24,~~927~~528,~~662~~476.0863 31,~~859~~575.8587 ~~367~~646,~~325~~097.6014 0.00 0.00 B-1 7,432,000.00 7,~~371~~361,~~409~~240.1982 10,~~168~~067.3796 0.00 0.00 0.00 B-2 6,099,000.00 6,~~049~~040,~~276~~932.7315 8,~~344~~262.5817 0.00 0.00 0.00 B-3 5,145,000.00 5,~~103~~096,~~054~~015.3907 76,~~039~~969.3281 0.00 0.00 0.00 B-4 4,002,000.00 3,~~969~~963,~~372~~897.9244 5,~~475~~421.4942 0.00 0.00 0.00 B-5 2,859,000.00 2,~~835~~831,~~691~~779.4580 3,~~911~~873.6502 0.00 0.00 0.00 B-6 6,861,135.59 6,~~805~~740,~~198~~631.6150 9,~~387~~219.3215 0.00 0.00 ~~55,179~~0.7900 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 Totals 190,575,235.59 ~~156~~152,~~371~~938,~~877~~543.4053 ~~215~~209,~~805~~423.3107 3,~~162~~365,~~348~~833.7602 0.00 ~~55,179~~0.7900 (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 ~~347~~502,~~049~~299.5888 19,~~506~~004,~~351~~051.1427 0.~~76733217~~74757292 ~~347~~502,~~049~~299.5888 II-A 1,~~505~~480,~~584~~629.2300 3130,~~767~~286,~~433~~804.62 0.~~71141294~~67825513 1,~~505~~480,~~584~~629.2300 III-A 1870,~~082,008~~840.0867 4544,~~101~~230,~~785~~944.3669 0.~~76017234~~74549468 1870,~~082,008~~840.0867 IV-A ~~399~~677,~~185~~673.4501 2423,~~528~~850,~~476~~803.6362 0.~~85254168~~82898765 ~~399~~677,~~185~~673.4501 B-1 10,~~168~~067.3796 7,~~361~~351,~~240~~172.8286 0.~~99047912~~98912444 10,~~168~~067.3796 B-2 8,~~344~~262.5817 6,~~040~~032,~~932~~669.1598 0.~~99047912~~98912444 8,~~344~~262.5817 B-3 76,~~039~~969.3281 5,~~096~~089,~~015~~045.0726 0.~~99047912~~98912444 76,~~039~~969.3281 B-4 5,~~475~~421.4942 3,~~963~~958,~~897~~476.4402 0.~~99047912~~98912444 5,~~475~~421.4942 B-5 3,~~911~~873.6502 2,~~831~~827,~~779~~906.8078 0.~~99047912~~98912444 3,~~911~~873.6502 B-6 649,~~567~~219.1115 6,~~740~~731,~~631~~412.5035 0.~~98243671~~98109304 9,~~387~~219.3215 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 Totals 3,~~433~~575,~~333~~256.8609 ~~152~~149,~~938~~363,~~543~~287.5345 0.~~80251006~~78374972 3,~~378~~575,~~154~~256.0709

Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 25,421,000.00 ~~780~~767.~~98425436~~33217183 1.~~68331104~~57026789 1118.~~96877109~~18898155 0.00000000 II-A 44,654,000.00 ~~745~~711.~~12961549~~41294442 0.~~92128678~~88387535 32.~~79538429~~27393806 0.00000000 III-A 59,331,000.00 ~~778~~760.~~40915289~~17234431 0.~~93860107~~92105847 1713.~~29820735~~75660869 0.00000000 IV-A 28,771,000.00 ~~866~~852.~~41625526~~54167843 1.~~10735984~~09748949 1222.~~76721699~~45654096 0.00000000 B-1 7,432,000.00 ~~991~~990.~~84730759~~47912002 1.~~36818757~~35467707 0.00000000 0.00000000 B-2 6,099,000.00 ~~991~~990.~~84730776~~47911953 1.~~36818823~~35467618 0.00000000 0.00000000 B-3 5,145,000.00 ~~991~~990.~~84730612~~47911953 1.~~36818659~~35467638 0.00000000 0.00000000 B-4 4,002,000.00 ~~991~~990.~~84730635~~47912044 1.~~36818841~~35467766 0.00000000 0.00000000 B-5 2,859,000.00 ~~991~~990.~~84730675~~47911857 1.~~36818818~~35467646 0.00000000 0.00000000 B-6 6,861,135.59 ~~991~~982.~~84727087~~43671351 1.~~36818751~~34367699 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 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 I-A 0.00000000 1319.~~65208214~~75924944 ~~767~~747.~~33217183~~57292278 0.~~76733217~~74757292 1319.~~65208214~~75924944 II-A 0.00000000 33.~~71667107~~15781341 ~~711~~678.~~41294442~~25513101 0.~~71141294~~67825513 33.~~71667107~~15781341 III-A 0.00000000 1814.~~23680841~~67766716 ~~760~~745.~~17234431~~49467715 0.~~76017234~~74549468 1814.~~23680841~~67766716 IV-A 0.00000000 1323.~~87457683~~55403045 ~~852~~828.~~54167843~~98764798 0.~~85254168~~82898765 1323.~~87457683~~55403045 B-1 0.00000000 1.~~36818757~~35467707 ~~990~~989.~~47912002~~12444295 0.~~99047912~~98912444 1.~~36818757~~35467707 B-2 0.00000000 1.~~36818823~~35467618 ~~990~~989.~~47911953~~12444335 0.~~99047912~~98912444 1.~~36818823~~35467618 B-3 0.00000000 1.~~36818659~~35467638 ~~990~~989.~~47911953~~12444315 0.~~99047912~~98912444 1.~~36818659~~35467638 B-4 0.00000000 1.~~36818841~~35467766 ~~990~~989.~~47912044~~12444278 0.~~99047912~~98912444 1.~~36818841~~35467766 B-5 0.00000000 1.~~36818818~~35467646 ~~990~~989.~~47911857~~12444211 0.~~99047912~~98912444 1.~~36818818~~35467646 B-6 80.~~04236985~~00000000 91.~~41055736~~34367699 ~~982~~981.~~43671351~~09303652 0.~~98243671~~98109304 1.~~36818751~~34367699 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 25,421,000.00 34.~~99346~~10563% 19,~~853~~506,~~400~~351.7314 66,~~069~~738.8513 0.00 0.00 II-A 44,654,000.00 6.~~45065~~41518% 3331,~~273~~767,~~017~~433.8562 ~~178~~169,~~860~~828.5515 0.00 0.00 III-A 59,331,000.00 4.~~62545~~63083% 4645,~~183~~101,~~793~~785.4536 ~~178~~174,~~017~~049.4205 0.00 0.00 IV-A 28,771,000.00 4.~~85796~~85223% 24,~~927~~528,~~662~~476.0863 ~~100~~99,~~914~~181.6246 0.00 0.00 B-1 7,432,000.00 5.~~08247~~08922% 7,~~371~~361,~~409~~240.1982 31,~~220~~219.8316 0.00 0.00 B-2 6,099,000.00 5.~~08247~~08922% 6,~~049~~040,~~276~~932.7315 25,~~621~~619.0771 0.00 0.00 B-3 5,145,000.00 5.~~08247~~08922% 5,~~103~~096,~~054~~015.3907 21,~~613~~612.4530 0.00 0.00 B-4 4,002,000.00 5.~~08247~~08922% 3,~~969~~963,~~372~~897.9244 16,~~811~~810.8697 0.00 0.00 B-5 2,859,000.00 5.~~08247~~08922% 2,~~835~~831,~~691~~779.4580 12,~~010~~009.2763 0.00 0.00 B-6 6,861,135.59 5.~~08247~~08922% 6,~~805~~740,~~198~~631.6150 28,~~822~~587.7015 0.00 0.00 R-1 50.00 3.~~67068~~67275% 0.00 0.00 0.00 0.00 R-2 50.00 3.~~67068~~67275% 0.00 0.00 0.00 0.00 Totals 190,575,235.59 ~~659~~645,~~962~~655.6271 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 66,~~069~~738.8513 0.00 19,~~506~~004,~~351~~051.1427 II-A 0.00 0.00 ~~178~~169,~~860~~828.5515 0.00 3130,~~767~~286,~~433~~804.62 III-A 0.00 0.00 ~~178~~174,~~017~~049.4205 0.00 4544,~~101~~230,~~785~~944.3669 IV-A 0.00 0.00 ~~100~~99,~~914~~181.6246 0.00 2423,~~528~~850,~~476~~803.6362 B-1 0.00 0.00 31,~~220~~219.8316 0.00 7,~~361~~351,~~240~~172.8286 B-2 0.00 0.00 25,~~621~~619.0771 0.00 6,~~040~~032,~~932~~669.1598 B-3 0.00 0.00 21,~~613~~612.4530 0.00 5,~~096~~089,~~015~~045.0726 B-4 0.00 0.00 16,~~811~~810.8697 0.00 3,~~963~~958,~~897~~476.4402 B-5 0.00 0.00 12,~~010~~009.2763 0.00 2,~~831~~827,~~779~~906.8078 B-6 0.00 0.00 28,~~822~~587.7015 0.00 6,~~740~~731,~~631~~412.5035 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 ~~659~~645,~~962~~655.6271 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 25,421,000.00 34.~~99346~~10563% ~~780~~767.~~98425436~~33217183 2.~~59902640~~62531490 0.00000000 0.00000000 II-A 44,654,000.00 6.~~45065~~41518% ~~745~~711.~~12961549~~41294442 43.~~00547655~~80320128 0.00000000 0.00000000 III-A 59,331,000.00 4.~~62545~~63083% ~~778~~760.~~40915289~~17234431 32.~~00041159~~93352632 0.00000000 0.00000000 IV-A 28,771,000.00 4.~~85796~~85223% ~~866~~852.~~41625526~~54167843 3.~~50751173~~44727191 0.00000000 0.00000000 B-1 7,432,000.00 5.~~08247~~08922% ~~991~~990.~~84730759~~47912002 4.~~20086518~~20064047 0.00000000 0.00000000 B-2 6,099,000.00 5.~~08247~~08922% ~~991~~990.~~84730776~~47911953 4.~~20086408~~20064109 0.00000000 0.00000000 B-3 5,145,000.00 5.~~08247~~08922% ~~991~~990.~~84730612~~47911953 4.~~20086492~~20064140 0.00000000 0.00000000 B-4 4,002,000.00 5.~~08247~~08922% ~~991~~990.~~84730635~~47912044 4.~~20086457~~20064218 0.00000000 0.00000000 B-5 2,859,000.00 5.~~08247~~08922% ~~991~~990.~~84730675~~47911857 4.~~20086394~~20064008 0.00000000 0.00000000 B-6 6,861,135.59 5.~~08247~~08922% ~~991~~982.~~84727087~~43671351 4.~~20086436~~16653331 0.00000000 0.00000000 R-1 50.00 3.~~67068~~67275% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 3.~~67068~~67275% 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 I-A 0.00000000 0.00000000 2.~~59902640~~62531490 0.00000000 ~~767~~747.~~33217183~~57292278 II-A 0.00000000 0.00000000 43.~~00547655~~80320128 0.00000000 ~~711~~678.~~41294442~~25513101 III-A 0.00000000 0.00000000 32.~~00041159~~93352632 0.00000000 ~~760~~745.~~17234431~~49467715 IV-A 0.00000000 0.00000000 3.~~50751173~~44727191 0.00000000 ~~852~~828.~~54167843~~98764798 B-1 0.00000000 0.00000000 4.~~20086518~~20064047 0.00000000 ~~990~~989.~~47912002~~12444295 B-2 0.00000000 0.00000000 4.~~20086408~~20064109 0.00000000 ~~990~~989.~~47911953~~12444335 B-3 0.00000000 0.00000000 4.~~20086492~~20064140 0.00000000 ~~990~~989.~~47911953~~12444315 B-4 0.00000000 0.00000000 4.~~20086457~~20064218 0.00000000 ~~990~~989.~~47912044~~12444278 B-5 0.00000000 0.00000000 4.~~20086394~~20064008 0.00000000 ~~990~~989.~~47911857~~12444211 B-6 0.00000000 0.00000000 4.~~20086436~~16653331 0.00000000 ~~982~~981.~~43671351~~09303652 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 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 4,~~136~~284,~~613~~848.8458 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) ~~230~~216,~~231~~942.6195 Realized Loss (Gains, Subsequent Expenses & Recoveries) ~~(55,179~~0.~~79)~~00 Prepayment Penalties 0.00 Total Deposits 4,~~311~~501,~~665~~791.6653 Withdrawals Reimbursement for Servicer Advances ~~221~~230,~~787~~231.5861 Payment of Service Fee 5150,~~761~~648.3912 Payment of Interest and Principal 4,~~038~~220,~~116~~911.6980 Total Withdrawals (Pool Distribution Amount) 4,~~311~~501,~~665~~791.6653 Ending Balance 0.00

SERVICING FEES Gross Servicing Fee 5049,~~458~~373.2663 Master Servicing Fee 1,~~303~~274.1349 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 5150,~~761~~648.3912

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 97 0 0 97 ~~849~~687,~~548~~138.2544 0.00 0.00 ~~849~~687,~~548~~138.2544 30 Days 7061 34 0 0 7365 129,~~610~~715,~~381~~243.3680 ~~514~~574,~~687~~419.6849 0.00 0.00 1310,~~125~~289,~~069~~663.0429 60 Days 3744 42 1 0 4247 7,~~741~~614,~~866~~717.1265 ~~777~~536,~~078~~111.0215 254,~~284,436~~751.4346 0.00 108,~~803~~205,~~380~~580.5726 90 Days 1917 02 1 0 20 34,~~068~~794,~~450~~794.2449 0240,516.0078 6655,~~160~~120.1486 0.00 35,~~134~~090,~~610~~432.3813 120 Days 78 20 59 0 1417 1,~~118~~834,~~708~~657.3184 ~~206,132~~0.0500 ~~327~~912,~~570~~270.7085 0.00 12,~~652~~746,~~411~~928.0669 150 Days 12 3 148 10 1913 ~~176~~197,~~025~~044.0979 ~~269~~266,~~324~~512.5544 2757,~~000,494~~748.5015 ~~151,399~~0.9000 21,~~597~~221,~~244~~305.0438 180+ Days 10 26 2125 25 2636 ~~21,363~~0.0100 12,~~754~~139,~~521~~732.3372 34,~~253~~348,~~131~~708.3451 ~~371~~480,~~835~~810.2337 56,~~400~~969,~~850~~251.9160 Totals ~~135~~132 2324 4244 35 ~~203~~205 24,~~736~~156,~~794~~458.1357 4,~~371~~444,~~291~~431.8802 76,~~931~~128,~~793~~599.1183 ~~523~~480,~~235~~810.13 37 35,~~563~~210,~~114~~299.2579 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 10.~~237964~~988701% 0.000000% 0.000000% 10.~~237964~~988701% 0.~~554361~~459078% 0.000000% 0.000000% 0.~~554361~~459078% 30 Days 98.~~628611~~615819% 0.~~412655~~564972% 0.000000% 0.000000% 109.~~041265~~180791% 86.~~228729~~490760% 0.~~335852~~383770% 0.000000% 0.000000% 86.~~564581~~874530% 60 Days 56.~~089409~~214689% 0.~~550206~~282486% 0.~~137552~~141243% 0.000000% 56.~~777166~~638418% 5.~~051847~~087397% 0.~~507071~~358176% 10.~~490677~~036579% 0.000000% 75.~~049596~~482153% 90 Days 2.~~613480~~401130% 0.~~000000~~282486% 0.~~137552~~141243% 0.000000% 2.~~751032~~824859% 23.~~002275~~203405% 0.~~000000~~160689% 0.~~043172~~036826% 0.000000% 23.~~045446~~400921% 120 Days 01.~~962861~~129944% 0.~~275103~~000000% 01.~~687758~~271186% 0.000000% 12.~~925722~~401130% 01.~~729998~~225736% 0.~~134509~~000000% 0.~~213752~~609489% 0.000000% 1.~~078258~~835225% 150 Days 0.~~137552~~282486% 0.~~412655~~423729% 1.~~925722~~129944% 0.~~137552~~000000% 21.~~613480~~836158% 0.~~114863~~131646% 0.~~175744~~178057% 10.~~305395~~506252% 0.~~098794~~000000% 10.~~694795~~815955% 180+ Days 0.~~137552~~000000% 0.~~275103~~847458% 23.~~888583~~531073% 0.~~275103~~706215% 35.~~576341~~084746% 0.~~013940~~000000% 1.~~144888~~429557% 2.~~122786~~905375% 0.~~242636~~321230% 34.~~524250~~656161% Totals 18.~~569464~~644068% 3.~~163686~~389831% 56.~~777166~~214689% 0.~~412655~~706215% 2728.~~922971~~954802% 16.~~141651~~138944% 2.~~852426~~969327% 54.~~175781~~094521% 0.~~341430~~321230% 2423.~~511287~~524022%

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 21 0 0 21 9643,~~625~~885.0044 0.00 0.00 9643,~~625~~885.0044 30 Days 2017 01 0 0 2018 3,~~422~~106,~~102~~786.1246 052,593.0093 0.00 0.00 3,~~422~~159,~~102~~380.1239 60 Days 915 10 0 0 1015 2,~~627~~786,~~031~~925.4082 ~~28,468~~0.0200 0.00 0.00 2,~~655~~786,~~499~~925.4282 90 Days 54 01 0 0 5 ~~362~~744,~~695~~538.3301 028,468.0002 0.00 0.00 ~~362~~773,~~695~~006.3303 120 Days 01 0 02 0 03 0168,709.0014 0.00 0111,311.0060 0.00 0280,020.0074 150 Days 1 0 1 0 2 ~~176~~175,~~025~~701.0927 0.00 ~~133~~132,~~147~~733.0082 0.00 ~~309~~308,~~172~~435.09 180 Days 0 1 3 0 4 0.00 1,475,679.10 363,~~932~~057.2162 0.00 1,~~839~~838,~~611~~736.3172 Totals 3538 4 46 0 4348 6,~~587~~982,~~853~~660.9470 1,600,~~772~~626.1249 ~~497~~607,~~079~~103.2104 0.00 89,~~685~~190,~~705~~390.2723 0-29 Days 10.~~709402~~877193% 0.000000% 0.000000% 10.~~709402~~877193% 0.~~390926~~181290% 0.000000% 0.000000% 0.~~390926~~181290% 30 Days 1714.~~094017~~912281% 0.~~000000~~877193% 0.000000% 0.000000% 1715.~~094017~~789474% 1312.~~845146~~834094% 0.~~000000~~217265% 0.000000% 0.000000% 13.~~845146~~051359% 60 Days 713.~~692308~~157895% 0.~~854701~~000000% 0.000000% 0.000000% 813.~~547009~~157895% 1011.~~628448~~512754% 0.~~115176~~000000% 0.000000% 0.000000% 1011.~~743624~~512754% 90 Days 43.~~273504~~508772% 0.~~000000~~877193% 0.000000% 0.000000% 4.~~273504~~385965% 13.~~467393~~075677% 0.~~000000~~117601% 0.000000% 0.000000% 13.~~467393~~193278% 120 Days 0.~~000000~~877193% 0.000000% 01.~~000000~~754386% 0.000000% 02.~~000000~~631579% 0.~~000000~~696935% 0.000000% 0.~~000000~~459827% 0.000000% 01.~~000000~~156762% 150 Days 0.~~854701~~877193% 0.000000% 0.~~854701~~877193% 0.000000% 1.~~709402~~754386% 0.~~712163~~725820% 0.000000% 0.~~538686~~548322% 0.000000% 1.~~250849~~274141% 180 Days 0.000000% 0.~~854701~~877193% 2.~~564103~~631579% 0.000000% 3.~~418803~~508772% 0.000000% 56.~~970305~~096011% 1.~~472397~~499786% 0.000000% 7.~~442702~~595797% Totals 2933.~~914530~~333333% 3.~~418803~~508772% 35.~~418803~~263158% 0.000000% 3642.~~752137~~105263% 2628.~~653149~~845281% 6.~~476406~~612167% 2.~~011084~~507935% 0.000000% 3537.~~140639~~965383% 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 65 0 0 65 ~~650~~541,~~684~~128.3576 0.00 0.00 ~~650~~541,~~684~~128.3576 30 Days 3429 2 0 0 3631 53,~~543~~676,~~675~~896.2934 ~~363~~371,~~794~~110.9148 0.00 0.00 54,~~907~~048,~~470~~006.2082 60 Days 2021 32 01 0 2324 3,~~319~~370,~~259~~156.8115 ~~748~~536,~~610~~111.0015 054,751.0046 0.00 43,~~067~~961,~~869~~018.8176 90 Days 97 01 1 0 109 1949,~~105,483~~805.8846 0212,048.0076 6655,~~160~~120.1486 0.00 1,~~171~~216,~~644~~975.0208 120 Days 64 20 57 0 1311 ~~967~~865,~~426~~744.1323 ~~206,132~~0.0500 ~~327~~800,~~570~~959.7025 0.00 1,~~501~~666,~~128~~703.8848 150 Days 01 23 97 10 1211 021,343.0052 ~~151~~266,~~082~~512.8544 1625,~~211,195~~014.2133 ~~151,399~~0.9000 1912,~~513,677~~870.9629 180 Days 10 14 1516 24 1924 ~~21,363~~0.0100 ~~278~~545,~~842~~811.2392 2,~~262~~775,~~747~~972.8831 ~~371~~407,~~835~~885.2341 23,~~934~~729,~~788~~669.3564 Totals 7062 1617 3032 34 ~~119~~115 108,~~957~~883,~~208~~945.1270 2,~~399~~472,~~146~~723.3951 34,~~867~~311,~~673~~818.9321 ~~523~~407,~~235~~885.1341 1716,~~747~~076,~~263~~372.5783 0-29 Days 2.~~409639~~074689% 0.000000% 0.000000% 2.~~409639~~074689% 1.~~591378~~373502% 0.000000% 0.000000% 1.~~591378~~373502% 30 Days 1312.~~654618~~033195% 0.~~803213~~829876% 0.000000% 0.000000% 1412.~~457831~~863071% 139.~~558156~~332760% 0.~~889733~~941959% 0.000000% 0.000000% 1410.~~447889~~274719% 60 Days 8.~~032129~~713693% 10.~~204819~~829876% 0.~~000000~~414938% 0.000000% 9.~~236948~~958506% 8.~~117908~~554187% 1.~~830874~~360766% 0.~~000000~~138971% 0.000000% 910.~~948782~~053924% 90 Days 32.~~614458~~904564% 0.~~000000~~414938% 0.~~401606~~414938% 0.000000% 43.~~016064~~734440% 2.~~703680~~410812% 0.~~000000~~538226% 0.~~161808~~139909% 0.000000% 23.~~865488~~088946% 120 Days 21.~~409639~~659751% 0.~~803213~~000000% 2.~~008032~~904564% 0.000000% 54.~~220884~~564315% 2.~~366032~~197446% 0.~~504137~~000000% 02.~~801139~~033008% 0.000000% 34.~~671308~~230455% 150 Days 0.~~000000~~414938% 01.~~803213~~244813% 32.~~614458~~904564% 0.~~401606~~000000% 4.~~819277~~564315% 0.~~000000~~054174% 0.~~369503~~676466% 21.~~962218~~586422% 0.~~370278~~000000% 32.~~701999~~317063% 180 Days 0.~~401606~~000000% 01.~~401606~~659751% 6.~~024096~~639004% 01.~~803213~~659751% 79.~~630522~~958506% 0.~~052247~~000000% 01.~~681964~~385389% 57.~~533998~~046019% 01.~~909397~~035302% 79.~~177606~~466710% Totals 2825.~~112450~~726141% 67.~~425703~~053942% 1213.~~048193~~278008% 1.~~204819~~659751% 47.~~791165~~717842% 2622.~~798024~~549380% 56.~~867588~~276308% 910.~~459163~~944329% 1.~~279675~~035302% 4340.~~404450~~805318% 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 1 0 0 1 102,~~238~~124.9024 0.00 0.00 102,~~238~~124.9024 30 Days 1210 1 0 0 1311 2,~~754~~013,~~064~~171.9553 150,~~892~~715.7708 0.00 0.00 2,~~904~~163,~~957~~886.7261 60 Days 56 0 10 0 6 ~~971~~1,~~228~~108,582.9525 0.00 ~~2,284,436~~0.4300 0.00 31,~~255~~108,~~665~~582.3825 90 Days 5 0 0 0 5 13,~~600~~044,~~271~~690.0312 0.00 0.00 0.00 13,~~600~~044,~~271~~690.0312 120 Days 13 0 0 0 13 ~~151~~800,~~282~~204.1847 0.00 0.00 0.00 ~~151~~800,~~282~~204.1847 150 Days 0 10 20 0 30 0.00 ~~118,241~~0.7000 ~~241,179~~0.4900 0.00 ~~359,421~~0.1900 180 Days 0 01 34 01 36 0.00 0118,241.0070 ~~626~~794,~~451~~705.2578 072,924.0096 ~~626~~985,~~451~~872.2544 Totals 2324 3 64 01 32 56,~~476~~966,~~847~~648.1137 371,~~373~~081.3702 3794,~~152,067~~705.1778 072,924.0096 98,~~000~~205,~~287~~360.6513 0-29 Days 0.~~392157~~398406% 0.000000% 0.000000% 0.~~392157~~398406% 0.~~178630~~181223% 0.000000% 0.000000% 0.~~178630~~181223% 30 Days 43.~~705882~~984064% 0.~~392157~~398406% 0.000000% 0.000000% 54.~~098039~~382470% 43.~~811866~~572450% 0.~~263638~~267450% 0.000000% 0.000000% 53.~~075504~~839900% 60 Days 12.~~960784~~390438% 0.000000% 0.~~392157~~000000% 0.000000% 2.~~352941~~390438% 1.~~696918~~967222% 0.000000% 30.~~991337~~000000% 0.000000% 51.~~688256~~967222% 90 Days 1.~~960784~~992032% 0.000000% 0.000000% 0.000000% 1.~~960784~~992032% 25.~~795972~~402920% 0.000000% 0.000000% 0.000000% 25.~~795972~~402920% 120 Days 01.~~392157~~195219% 0.000000% 0.000000% 0.000000% 01.~~392157~~195219% 01.~~264318~~419994% 0.000000% 0.000000% 0.000000% 01.~~264318~~419994% 150 Days 0.000000% 0.~~392157~~000000% 0.~~784314~~000000% 0.000000% 10.~~176471~~000000% 0.000000% 0.~~206590~~000000% 0.~~421386~~000000% 0.000000% 0.~~627976~~000000% 180 Days 0.000000% 0.~~000000~~398406% 1.~~176471~~593625% 0.~~000000~~398406% 12.~~176471~~390438% 0.000000% 0.~~000000~~209824% 1.~~094527~~410236% 0.~~000000~~129408% 1.~~094527~~749469% Totals 9.~~019608~~561753% 1.~~176471~~195219% 21.~~352941~~593625% 0.~~000000~~398406% 12.~~549020~~749004% 912.~~569075~~362586% 0.~~648859~~658498% 51.~~507250~~410236% 0.~~000000~~129408% 1514.~~725184~~560727% 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 45 0 0 0 45 ~~890~~918,~~539~~389.0047 0.00 0.00 0.00 ~~890~~918,~~539~~389.0047 60 Days 32 0 0 0 32 ~~824~~349,~~345~~053.9643 0.00 0.00 0.00 ~~824~~349,~~345~~053.9643 90 Days 01 0 0 0 01 055,760.0090 0.00 0.00 0.00 055,760.0090 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 20 0 20 0.00 0.00 ~~414,972~~0.8000 0.00 ~~414,972~~0.8000 180 Days 0 0 02 0 02 0.00 0.00 0414,972.0080 0.00 0414,972.0080 Totals 78 0 2 0 910 1,~~714~~323,~~884~~203.9680 0.00 414,972.80 0.00 21,~~129~~738,~~857~~176.7660 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 34.~~773585~~901961% 0.000000% 0.000000% 0.000000% 34.~~773585~~901961% 23.~~928608~~090103% 0.000000% 0.000000% 0.000000% 23.~~928608~~090103% 60 Days 21.~~830189~~960784% 0.000000% 0.000000% 0.000000% 21.~~830189~~960784% 21.~~710927~~174459% 0.000000% 0.000000% 0.000000% 21.~~710927~~174459% 90 Days 0.~~000000~~980392% 0.000000% 0.000000% 0.000000% 0.~~000000~~980392% 0.~~000000~~187619% 0.000000% 0.000000% 0.000000% 0.~~000000~~187619% 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% 10.~~886792~~000000% 0.000000% 10.~~886792~~000000% 0.000000% 0.000000% 10.~~364671~~000000% 0.000000% 10.~~364671~~000000% 180 Days 0.000000% 0.000000% 01.~~000000~~960784% 0.000000% 01.~~000000~~960784% 0.000000% 0.000000% 01.~~000000~~396258% 0.000000% 01.~~000000~~396258% Totals 67.~~603774~~843137% 0.000000% 1.~~886792~~960784% 0.000000% 89.~~490566~~803922% 54.~~639536~~452181% 0.000000% 1.~~364671~~396258% 0.000000% 75.~~004207~~848440%

OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance ~~230~~216,~~231~~942.6195

SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 165,154,235.59 86.66091115% ~~133~~130,~~432~~359,~~192~~236.3918 87.~~24562775~~27662494% 12.~~754372~~723375% 0.000000% Class 2A 120,500,235.59 63.22974505% ~~101~~100,~~664~~072,~~758~~431.7756 66.~~47425588~~99934989% 20.~~771372~~277275% 9994.~~166326~~673829% Class 3A 61,169,235.59 32.09715858% 5655,~~562~~841,~~973~~486.4187 3637.~~98411931~~38635365% 29.~~490137~~612996% ~~140~~138.~~791303~~261957% Class B-1 24,966,235.59 13.10046162% 24,~~673~~639,~~255~~510.9639 16.~~13279124~~49636320% 4.~~813202~~921673% 22.979106% Class B-2 18,867,235.59 9.90015074% 18,~~632~~606,~~323~~840.8141 12.~~18288299~~45743899% 34.~~949908~~038924% 18.857584% Class B-3 13,722,235.59 7.20042956% 13,~~536~~517,~~308~~795.7415 89.~~85081578~~05027961% 3.~~332067~~407159% 15.907898% Class B-4 9,720,235.59 5.10047151% 9,~~572~~559,~~411~~319.3013 6.~~25899206~~40004602% 2.~~591824~~650234% 12.373840% Class B-5 6,861,235.59 3.60027659% 6,~~740~~731,~~631~~412.5035 4.~~40741186~~50673821% 1.~~851580~~893308% 8.839782% Class B-6 100.00 0.00005247% 0.00 0.00000000% 4.~~407412~~506738% 21.041790% Class R-I 50.00 0.00002624% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure

COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 5.~~461780~~463401% Weighted Average Net Coupon 5.~~074563~~076001% Weighted Average Pass-Through Rate 5.~~064562~~066001% Weighted Average Maturity(Stepdown Calculation ) ~~332~~331 Beginning Scheduled Collateral Loan Count ~~747~~727 Number Of Loans Paid In Full 2019 Ending Scheduled Collateral Loan Count ~~727~~708 Beginning Scheduled Collateral Balance ~~156~~152,~~371~~938,~~877~~543.4054 Ending Scheduled Collateral Balance ~~152~~149,~~938~~363,~~543~~287.5445 Ending Actual Collateral Balance at 3130-~~Oct~~Nov-2004 ~~153~~149,~~248~~678,~~230~~057.3393 Monthly P &I Constant ~~927~~905,~~529~~726.3087 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount ~~55,179~~0.7900 Cumulative Realized Loss 55,179.79 Class A Optimal Amount 34,~~857~~041,~~689~~239.7836 Ending Scheduled Balance for Premium Loans ~~152~~149,~~938~~363,~~543~~287.5445 Scheduled Principal ~~215~~209,~~805~~423.3107 Unscheduled Principal 3,~~217~~365,~~528~~833.5502

Group Level Collateral Statement Group Group I Group II Group III Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.~~503463~~615625 6.~~864797~~829602 5.~~019412~~025249 Weighted Average Net Rate 4.~~003463~~115625 6.~~460652~~425179 4.~~635451~~640833 Weighted Average Maturity ~~301~~300 ~~321~~320 2827 Beginning Loan Count ~~120~~117 ~~259~~249 ~~261~~255 Loans Paid In Full 3 108 64 Ending Loan Count ~~117~~114 ~~249~~241 ~~255~~251 Beginning Scheduled Balance 24,~~991~~633,~~339~~215.4570 4240,~~353~~781,~~232~~242.9606 5857,~~250~~154,~~976~~418.9331 Ending scheduled Balance 24,~~633~~120,~~215~~424.7021 4039,~~781~~289,~~242~~414.0610 5756,~~154~~268,~~418~~974.3113 Record Date 1011/3130/2004 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~147~~145,~~655~~157.2646 ~~294~~282,~~654~~767.6324 ~~313~~308,~~893~~596.4184 Scheduled Principal 5350,~~865~~409.6239 5250,~~366~~667.0253 7069,~~238~~250.6883 Unscheduled Principal ~~304~~462,~~258~~382.1310 1,~~519~~441,~~624~~160.8843 1816,~~026,319~~193.9435 Scheduled Interest 9394,~~789~~748.6407 ~~242~~232,~~288~~099.6171 ~~243~~239,~~654~~346.7301 Servicing Fees 10,~~413~~263.0684 1413,~~264~~744.0107 18,~~638~~309.4223 Master Servicing Fees ~~208~~205.27 ~~352~~339.9688 ~~485~~476.4326 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 8384,~~168~~278.3196 ~~227~~218,~~671~~015.6476 ~~224~~220,~~530~~560.8852 Realized Loss Amount 0.00 ~~55,179~~0.7900 0.00 Cumulative Realized Loss 0.00 55,179.79 0.00 Percentage of Cumulative Losses 0.0000 0.1026 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 34.~~993463~~105625 6.~~450652~~415179 4.~~625452~~630833

Group Level Collateral Statement Group Group IV Total Collateral Description Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 5.~~146462~~141051 5.~~461780~~463401 Weighted Average Net Rate 4.~~867959~~862227 5.~~074563~~076001 Weighted Average Maturity ~~341~~340 ~~332~~331 Beginning Loan Count ~~107~~106 ~~747~~727 Loans Paid In Full 14 2019 Ending Loan Count ~~106~~102 ~~727~~708 Beginning Scheduled Balance 30,~~776~~369,~~328~~667.0647 ~~156~~152,~~371~~938,~~877~~543.4054 Ending scheduled Balance 3029,~~369~~684,~~667~~475.4701 ~~152~~149,~~938~~363,~~543~~287.5445 Record Date 1011/3130/2004 1011/3130/2004 Principal And Interest Constant ~~171~~169,~~326~~205.0033 ~~927~~905,~~529~~726.3087 Scheduled Principal 39,~~334~~095.9932 ~~215~~209,~~805~~423.3107 Unscheduled Principal ~~367~~646,~~325~~097.6014 3,~~217~~365,~~528~~833.5502 Scheduled Interest ~~131~~130,~~991~~110.01 ~~711~~696,~~723~~303.9980 Servicing Fees 7,~~142~~056.7749 5049,~~458~~373.2663 Master Servicing Fees ~~256~~253.4708 1,~~303~~274.1349 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 ~~124~~122,~~591~~800.7744 ~~659~~645,~~962~~655.6068 Realized Loss Amount 0.00 ~~55,179~~0.7900 Cumulative Realized Loss 0.00 55,179.79 Percentage of Cumulative Losses 0.0000 0.0290 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.~~857958~~852227 5.~~064562~~066001

Miscellaneous Reporting Group Group I Senior Percentage 79.~~441123~~187189% Senior Prepay Percentage 100.000000% Subordinate Percentage 20.~~558877~~812811% Subordinate Prepay Percentage 0.000000% Group Group II Senior Percentage 7877.~~560751~~897170% Senior Prepay Percentage 100.000000% Subordinate Percentage 2122.~~439249~~102830% Subordinate Prepay Percentage 0.000000% Group Group III Senior Percentage 7978.~~284153~~912159% Senior Prepay Percentage 100.000000% Subordinate Percentage 2021.~~715847~~087841% Subordinate Prepay Percentage 0.000000%

Miscellaneous Reporting Group Group IV Senior Percentage 80.~~996219~~766366% Senior Prepay Percentage 100.000000% Subordinate Percentage 19.~~003781~~233635% Subordinate Prepay Percentage 0.000000%

Filing Compare · Bear Stearns Asset Backed Securities Trust 2004-SD2