8-K 1 fhl042_8k0409.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): September 25, 2004 First Horizon (Depositor) (Issuer in respect of First Horizon Mortgage Pass-Through Trust, First Horizon (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) , , N/A 91110-7137 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (818)-304-4428 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 First Horizon ABS Notes, Series 2004-HE2 On September 25, 2004, The Bank of New York, as Trustee for First Horizon, First Horizon Mortgage Pass-Through Trust First Horizon ABS Notes, Series 2004-HE2, made a monthly distribution to Certificate holders of principal and/or interest pursuant to the Pooling and Servicing Agreement, dated as of June 30, 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 First Horizon ABS Notes, Series 2004-HE2 relating to the distribution date of September 25, 2004 prepared by The Bank of New York, as Trustee under the Pooling and Servicing Agreement dated as of June 30, 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: September 25, 2004 First Horizon By: /s/ Cirino Emanuele ------------------------------ Name: Cirino Emanuele Assistant Vice President The Bank of New York, as Trustee EXHIBIT INDEX Exhibit 99 Monthly Remittance Statement dated September 25, 2004 Payment Date: 09/25/04 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, First Horizon ABS Notes, Series The Bank of New York, as Trustee ------------------------------------------------------------

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) September 22, 2004
FIRST HORIZON ASSET SECURITIES INC.
(Exact name of registrant as specified in its charter)
Delaware (State or other jurisdiction of incorporation)	333-110100-12 (Commission File Number)		75-2808384 (IRS Employer ID Number)
4000 Horizon Way
Irving, Texas 75063
(Address of principal executive offices)		(Zip Code)
Registrant’s Telephone Number, including area code:		(214) 441-4000
N/A (Former name or former address, if changed since last report)

Payment Date: 09/25/04 ------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, First Horizon ABS Notes, Series The Bank of New York, as Trustee ------------------------------------------------------------

~~Check~~Class ~~the~~Information ~~appropriate~~Current ~~box~~Payment ~~below~~Information ifFactors ~~the~~per ~~Form~~$1,000 8-K----------------------------------------------------------------------------------------------------------------------- ~~filing~~Beginning isPass ~~intended~~Thru toCUSIP ~~simultaneously~~Principal ~~satisfy~~Interest ~~the~~Ending ~~filing~~Cert./ ~~obligation~~Type ofClass ~~the~~Code ~~registrant~~Name ~~under~~Cert. ~~any~~Bal.(Face) ofRate ~~the~~Numbers ~~following~~Dist. ~~provisions:~~Dist. Notional Bal. ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Senior A 287,144,884.47 1.835000% 320514AA0 41.756982 1.543891 876.087474 Residual R 0.00 0.000000% 0.000000 0.000000 0.000000 ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------ Totals - - 287,144,884.47 - - - - - ------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------

------------------------------------------------------------ (null) First Horizon Mortgage Pass-Through Trust, First Horizon ABS Notes, Series The Bank of New York, as Trustee ------------------------------------------------------------ -------------------------------------------------------------------------------- COLLATERAL INFORMATION -------------------------------------------------------------------------------- Total ----- Prin balance 276,775,770.70 276,775,770.70 Loan count 5751 5751 Avg loan rate 1.826002% 1.83 Prepay amount 1,958,541.86 1,958,541.86 -------------------------------------------------------------------------------- FEES AND ADVANCES -------------------------------------------------------------------------------- Total ----- Master serv fees 120,428.62 120,428.62 Sub servicer fees 464.30 464.30 Trustee fees 1,445.14 1,445.14 Agg advances N/A N/A Adv this period 0.00 0.00 -------------------------------------------------------------------------------- LOSSES & INSURANCE COVERAGES -------------------------------------------------------------------------------- Total ----- Realized losses 0.00 0.00 Cumulative losses 0.00 0.00 Coverage Amounts Total ---------------- ----- Bankruptcy 0.00 0.00 Fraud 6,256,948.82 6,256,948.82 Special Hazard 0.00 0.00 Aggregate Certificate Information ----------------------------------------------------------------------------- Class Aggregate Aggregate Aggregate Type Percentage Prepay Pct. End Cert. Bal. ----------------------------------------------------------------------------- Senior 100.000000% 100.000000% 287,144,884.47 ----------------------------------------------------------------------------- Junior 0.000000% 0.000000% 0.00 ----------------------------------------------------------------------------- -------------------------------------------------------------------------------- DELINQUENCY INFORMATION -------------------------------------------------------------------------------- Period Loan Count Ending Stated Balance ------ ---------- --------------------- 30 to 59 days 6 247,997.78 60 to 89 days 1 15,367.42 90 or more 2 130,738.13 Foreclosure 0 0.00 Totals: 9 394,103.33 -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- 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 13,546,548.07 13,546,548.07 Principal remittance amount 13,063,546.45 13,063,546.45 Interest remittance amount 483,001.62 483,001.62

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(d) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

The Seller has determined that two of the representations and warranties made by the Seller in the Sale and Servicing Agreement (defined below) are inaccurate. This resulted from the manner in which it disclosed certain fee information on approximately 40% (by balance) of the Mortgage Loans to the obligors on those Mortgage Loans at the time of their origination which was not in technical compliance with the requirements of certain laws and regulations applicable to the origination of those Mortgage Loans. As required by the Sale and Servicing Agreement dated as of June 1, 2004 among First Tennessee Bank National Association, as Seller, First Horizon Asset Securities, Inc., as Depositor, First Horizon ABS Trust 2004 HE-2, the Trust, First Tennessee Bank National Association, as Servicer and The Bank of New York, as Indenture Trustee (the “Sale and Servicing Agreement”), the Seller has given notice under § 2.04 of the Sale and Servicing Agreement. The Seller intends to cure in all material respects any breach of a representation or warranty within 90 days following the date hereof or if such cure cannot be accomplished prior to the end of such 90 day period, to substitute an Eligible Substitute Mortgage Loan for each affected Mortgage Loan. While the Seller intends to cure in all material respects any such breach of representation or warranty or substitute an Eligible Substitute Mortgage Loan for each affected Mortgage Loan, the Sale and Servicing Agreement requires that if neither of those remedies is effected within such 90 day period, the Seller must repurchase such affected Mortgage Loan in the month following the end of such 90 day period. All capitalized terms used herein and not otherwise defined herein are used with the definitions thereof in the Sale and Servicing Agreement.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIRST HORIZON ASSET SECURITIES INC.

By: /s/ Wade Walker

Name:

Wade Walker

Title:

Senior Vice President

Dated: September 22, 2004

Filing Compare · First Horizon ABS Notes Series 2004-HE2