8-K 1 fh0401_8k0405.txt 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): May 25, 2004 First Horizon (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, Mortgage (Exact name of registrant as specified in charter) Delaware 33-63714 95-4449516 (State or other (Commission File No.) (I.R.S. Employer jurisdiction of Identification No.) organization) 4000 Horizon Way, Irving, TX, , N/A 75063 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (214) 441-4000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Item 5. Other Events First Horizon First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2004-1 On May 25, 2004, The Bank of New York, as Trustee for First Horizon, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2004-1, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of January 1, 2004, among First Horizon as Depositor, , Seller and Master Servicer and The Bank of New York, as Trustee. Item 7. Financial Statements and Exhibits (c) Exhibits Exhibit No. Description 99 Report to Holders of First Horizon, First Horizon Mortgage Pass-Through Trust Mortgage Pass-Through Certificates, Series 2004-1 relating to the distribution date of May 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of January 1, 2004. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Dated: May 25, 2004 First Horizon By: /s/ Diane Pickett ------------------------------ Name: Diane Pickett Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated May 25, 2004 Payment Date: 05/25/04 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

Class Information Current Payment Information ---------------------------------------------------------------------------------------------------------------------------------- Beginning Pass Thru Principal Interest Total Principal Interest Type Class Code Name Cert. Bal. Rate Dist. Amt. Dist. Amt. Dist. Losses Shortfalls ---------------------------------------------------------------------------------------------------------------------------------- Senior 1A1 1916,~~441~~625,~~498~~653.4075 5.500000% ~~824~~1,~~498~~350,318.5182 8976,~~106~~200.8791 ~~913~~1,~~605~~426,519.3873 0.00 0.00 1A2 7362,~~325~~705,~~231~~038.6588 5.000000% 35,~~109~~092,~~664~~839.8696 ~~305~~261,~~521~~271.8000 35,~~415~~354,~~186~~110.6696 0.00 0.00 1A3 30,000,000.00 5.500000% 0.00 137,500.00 137,500.00 0.00 0.00 1A4 14,832,350.00 5.500000% 0.00 67,981.60 67,981.60 0.00 0.00 1A5 780,650.00 5.500000% 0.00 3,577.98 3,577.98 0.00 0.00 1A6 1412,~~665~~541,~~045~~007.9444 1.~~590000~~600000% ~~621~~1,~~932~~018,567.9697 1916,~~431~~721.1934 ~~641~~1,~~364~~035,289.1431 0.00 0.00 1A7 1412,~~665~~541,~~045~~007.9444 6.~~410000~~400000% 0.00 7866,~~335~~885.7937 7866,~~335~~885.7937 0.00 0.00 Residual ARU 0.00 5.500000% 0.00 0.0001 0.0001 0.00 0.00 ARL 0.00 5.500000% 0.00 0.00 0.00 0.00 0.00 2A1 3834,~~389~~565,~~933~~987.1530 4.750000% ~~646~~1,~~457~~421,568.0245 ~~151~~136,~~960~~823.1570 ~~798~~1,~~417~~558,392.1715 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- Subordinate B1 2,~~197~~191,~~780~~355.5036 5.~~350275~~350888% 3,~~294~~253.4320 9,~~798~~771.9441 13,~~093~~024.3761 0.00 0.00 B2 1,~~098~~095,~~390~~179.9887 5.~~350275~~350888% 1,~~646~~625.4686 4,~~897~~883.2449 6,~~543~~509.7135 0.00 0.00 B3 ~~599~~597,~~122~~370.3584 5.~~350275~~350888% ~~898~~886.0783 2,~~671~~663.2272 3,~~569~~550.3055 0.00 0.00 B4 ~~400~~399,~~413~~242.4484 5.~~350275~~350888% ~~600~~592.2170 1,~~785~~780.2725 2,~~385~~372.4895 0.00 0.00 B5 ~~299~~298,~~561~~685.1842 5.~~350275~~350888% ~~449~~443.0442 1,~~335~~331.6186 1,~~784~~775.6528 0.00 0.00 B6 ~~299~~298,~~849~~973.7616 5.~~350275~~350888% ~~449~~443.4784 1,~~336~~333.9014 1,~~786~~776.3799 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- Totals - - ~~196~~176,~~329~~931,~~827~~494.3487 - 58,~~209~~890,~~891~~541.0204 ~~875~~788,~~240~~725.5679 69,~~085~~679,~~131~~266.5883 - - ---------------------------------------------------------------------------------------------------------------------------------- Class Information -------------------------------------------------------------------------------- Ending Cert. Unpaid Type Class Code Name Notional Bal. Interest -------------------------------------------------------------------------------- Senior 1A1 1815,~~616~~275,~~999~~334.8894 0.00 1A2 7057,~~215~~612,~~566~~198.7992 0.00 1A3 30,000,000.00 0.00 1A4 14,832,350.00 0.00 1A5 780,650.00 0.00 1A6 1411,~~043~~522,~~112~~439.9948 0.00 1A7 1411,~~043~~522,~~112~~439.9948 0.00 Residual ARU 0.00 0.00 ARL 0.00 0.00 2A1 3733,~~743~~144,~~476~~418.1485 0.00 -------------------------------------------------------------------------------- Subordinate B1 2,~~194~~188,~~486~~102.0717 0.00 B2 1,~~096~~093,~~744~~554.5201 0.00 B3 ~~598~~596,~~224~~484.2801 0.00 B4 ~~399~~398,~~813~~650.2314 0.00 B5 ~~299~~298,~~112~~242.1400 0.00 B6 ~~299~~298,~~400~~529.2931 0.00 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Totals - - ~~191~~168,~~119~~040,~~936~~953.3283 - --------------------------------------------------------------------------------

Payment Date: 05/25/04 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------

Class Information Current Payment Information Factors per $1,000 ------------------------------------------------------------------------------------------------------------------------ Beginning Pass Thru CUSIP Principal Interest Ending Cert./ Type Class Code Name Cert. Bal.(Face) Rate Numbers Dist. Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior 1A1 1916,~~441~~625,~~498~~653.4075 5.500000% 4167.~~224926~~515941 43.~~455343~~810046 ~~930~~763.~~849994~~766747 1A2 7362,~~325~~705,~~231~~038.6588 5.000000% 4167.~~224926~~515941 43.~~050312~~463678 ~~930~~763.~~849994~~766747 1A3 30,000,000.00 5.500000% 0.000000 4.583333 1,000.000000 1A4 14,832,350.00 5.500000% 0.000000 4.583333 1,000.000000 1A5 780,650.00 5.500000% 0.000000 4.583333 1,000.000000 1A6 1412,~~665~~541,~~045~~007.9444 1.~~590000~~600000% 4167.~~224926~~515941 1.~~287999~~108377 ~~930~~763.~~849994~~766747 1A7 1412,~~665~~541,~~045~~007.9444 6.~~410000~~400000% 0.000000 54.~~192500~~433508 ~~930~~763.~~849994~~766747 Residual ARU 0.00 5.500000% 0.000000 0.~~000000~~137051 0.000000 ARL 0.00 5.500000% 0.000000 0.000000 0.000000 2A1 3834,~~389~~565,~~933~~987.1530 4.750000% 1636.~~560110~~415925 3.~~892721~~504975 ~~966~~849.~~864158~~051383 ------------------------------------------------------------------------------------------------------------------------ Subordinate B1 2,~~197~~191,~~780~~355.5036 5.~~350275~~350888% 1.~~496786~~478054 4.~~452040~~439534 ~~997~~994.~~040470~~140012 B2 1,~~098~~095,~~390~~179.9887 5.~~350275~~350888% 1.~~496786~~478054 4.~~452040~~439534 ~~997~~994.~~040470~~140012 B3 ~~599~~597,~~122~~370.3584 5.~~350275~~350888% 1.~~496786~~478054 4.~~452040~~439534 ~~997~~994.~~040470~~140012 B4 ~~400~~399,~~413~~242.4484 5.~~350275~~350888% 1.~~496786~~478054 4.~~452040~~439534 ~~997~~994.~~040470~~140012 B5 ~~299~~298,~~561~~685.1842 5.~~350275~~350888% 1.~~496786~~478054 4.~~452040~~439534 ~~997~~994.~~040470~~140012 B6 ~~299~~298,~~849~~973.7616 5.~~350275~~350888% 1.~~496784~~478053 4.~~452037~~439530 ~~997~~994.~~039655~~139199 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - ~~196~~176,~~329~~931,~~827~~494.3487 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, Mortgage Pass-Through Certificates, The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 133,929,638.85 34,111,315.23 168,040,954.08 Loan count 274 66 340 Avg loan rate 6.071534% 5.440913% 5.94 Prepay amount 7,329,587.47 1,297,341.71 8,626,929.18 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 21,487.92 6,437.77 27,925.69 Sub servicer fees 38,216.71 13,108.63 51,325.34 Trustee fees 704.60 177.68 882.28 Agg advances N/A N/A N/A Adv this period 0.00 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 0.00 Cumulative losses 0.00 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 0.00 Fraud 3,201,054.51 800,353.28 4,001,407.78 Special Hazard 0.00 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 97.245396% 100.000000% 172,050,687.38 ----------------------------------------------------------------------------- Junior 2.754604% 0.000000% 4,873,561.65 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 1 437,940.58 60 to 89 days 1 471,161.93 90 or more 1 525,644.89 Foreclosure 0 0.00 Totals: 3 1,434,747.40 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- REO INFORMATION -------------------------------------------------------------------------------- REO Date Loan Number Ending Stated Balance Book Value -------- ----------- --------------------- ---------- N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A N/A # 0 N/A Totals: 0 N/A Current Total Outstanding Balance: 0.00 Current Total Outstanding Number of Loans: 0 -------------------------------------------------------------------------------- OTHER INFORMATION -------------------------------------------------------------------------------- Amount/Withdrawal Total/Ending Bal. ----------------- ----------------- Available remittance amount 9,679,266.83 9,679,266.83 Principal remittance amount 8,890,541.04 8,890,541.04 Interest remittance amount 788,725.79 788,725.79

Filing Compare · FIRST HORIZON ASSET SECURITIES MORTGAGE PASS THRU SER 2004-1