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 I LLC
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-113636
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, New York
(Address of principal executive offices)

10179
(Zip Code)

Registrant's telephone number, including area code 212-272-2000

(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))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Bear Stearns Asset Backed Securities I Trust 2004-HE9, Asset-Backed Certificates, Series 2004-HE9, which was made on December 27, 2004.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to Section 5.05 of the Pooling and Servicing Agreement for the distribution on December 27, 2004.

(Exhibit No. Description)

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 hereunto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: December 29, 2004

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Administrator:
Christopher Lewis 312.904.7992
christopher.lewis@abnamro.com

Analyst:
Vamsi Kaipa 714.259.6252
vamsi.kaipa@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Bond Principal Reconciliation

Shortfall Summary Report

Rating Information
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I

Asset-Backed Facts ~ 15 Month Loan Status Summary Part II
Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail

Page 2-5
Page 6-18
Page 19
Page 20

Page 21

Page 22
Page 23-35

Page 36-48
Page 49-61

Page 62

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS004HE9

BS004HE9_200412_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

29-Oct-04
26-Nov-04

27-Nov-34

Parties to The Transaction

Depositor: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Moody's Investors Service, Inc./Standard & Poor's Rating Services

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 62

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.398706%

2.180000%
2.417500%

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE9

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

349

Trust Calculation

Statement Date:

ABN AMRO Acct: 722132.1

902.517535387

95.973636837

0.000000000

806.543898550

1.834116191

2.597500000%

0.00

0.000000000

2.36000000%

0.000000000

073879JW9

I-A-1

92,124,000.00

83,143,525.43

8,841,475.32

0.00

74,302,050.11

168,966.12

1000.000000000

0.000000000

1000.000000000

2.195833296

2.787500000%

0.00

0.000000000

2.55000000%

0.000000000

073879JX7

I-A-2

89,164,000.00

0.00

89,164,000.00

195,789.28

1000.000000000

0.000000000

1000.000000000

2.325000185

2.937500000%

0.00

0.000000000

2.70000000%

0.000000000

073879JY5

I-A-3

26,969,000.00

0.00

26,969,000.00

62,702.93

968.440052865

28.289216366

0.000000000

940.150836499

2.068157511

2.717500000%

0.00

0.000000000

2.48000000%

0.000000000

073879JZ2

II-A

160,598,000.00

155,529,535.61

4,543,191.57

0.00

150,986,344.04

332,141.96

976.660720464

30.703126876

0.000000000

945.957593588

2.127763915

2.767500000%

0.00

0.000000000

2.53000000%

0.000000000

073879KK3

III-A-1

168,558,000.00

164,623,977.72

5,175,257.66

0.00

159,448,720.06

358,651.63

1000.000000000

31.436840057

0.000000000

968.563159943

2.221666588

2.817500000%

0.00

0.000000000

2.58000000%

0.000000000

073879KL1

III-A-2

42,140,000.00

1,324,748.44

0.00

40,815,251.56

93,621.03

1000.000000000

0.000000000

1000.000000000

2.436944356

3.067500000%

0.00

0.000000000

2.83000000%

0.000000000

073879KC1

M-1

43,994,000.00

0.00

43,994,000.00

107,210.93

1000.000000000

0.000000000

1000.000000000

2.910555466

3.617500000%

0.00

0.000000000

3.38000000%

0.000000000

073879KD9

M-2

37,086,000.00

0.00

37,086,000.00

107,940.86

1000.000000000

0.000000000

1000.000000000

3.082777723

3.817500000%

0.00

0.000000000

3.58000000%

0.000000000

073879KE7

M-3

10,181,000.00

0.00

10,181,000.00

31,385.76

1000.000000000

0.000000000

1000.000000000

3.384166667

4.167500000%

0.00

0.000000000

3.93000000%

0.000000000

073879KF4

M-4

10,908,000.00

0.00

10,908,000.00

36,914.49

1000.000000000

0.000000000

1000.000000000

3.470277669

4.267500000%

0.00

0.000000000

4.03000000%

0.000000000

073879KG2

M-5

7,635,000.00

0.00

7,635,000.00

26,495.57

1000.000000000

0.000000000

1000.000000000

4.891111754

5.917500000%

0.00

0.000000000

5.68000000%

0.000000000

073879KH0

M-6

6,908,000.00

0.00

6,908,000.00

33,787.80

1000.000000000

0.000000000

1000.000000000

5.321666397

6.417500000%

0.00

0.000000000

6.18000000%

0.000000000

073879KJ6

M-7A

6,181,000.00

0.00

6,181,000.00

32,893.22

1000.000000000

0.000000000

1000.000000000

5.321666397

6.417500000%

0.00

0.000000000

6.18000000%

0.000000000

073879LM8

M-7B

6,181,000.00

0.00

6,181,000.00

32,893.22

1000.000000000

0.000000000

1000.000000000

131.797834855

0.00

)

(59.26

)

(0.003195974

N/A

0.000000000

073879LC0

18,542,077.21

0.00

18,542,077.21

2,443,805.63

0.000000000

0.00

305,162.23

0.000000000

N/A

0.000000000

073879LB2

100.00

0.00

100.00

305,162.23

Page 2 of 62

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.398706%

2.180000%
2.417500%

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE9

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

349

Trust Calculation

Statement Date:

ABN AMRO Acct: 722132.1

0.000000000

0.00

0.000000000

N/A

0.000000000

073879LD8

R-1

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879LE6

R-2

0.00

Total P&I Payment

0.00

305,102.97

727,169,077.21

709,186,115.97

24,255,035.65

Total

689,301,442.98

19,884,672.99

0.00

4,370,362.66

Page 3 of 62

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.398706%

2.180000%
2.417500%

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE9

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

349

REMIC III

Statement Date:

ABN AMRO Acct: 722132.1

1000.000000000

0.000000000

1000.000000000

3.360711707

0.00

2,443,805.63

3.360711707

N/A

0.000000000

073879LC0

727,169,077.00

0.00

727,169,077.00

2,443,805.63

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSS790

R-3

0.00

Total P&I Payment

0.00

2,443,805.63

727,169,077.00

2,443,805.63

Total

727,169,077.00

0.00

2,443,805.63

Page 4 of 62

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.398706%

2.180000%
2.417500%

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE9

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

349

REMIC IV

Statement Date:

ABN AMRO Acct: 722132.1

1000.000000000

0.000000000

1000.000000000

3051622.300000000

0.00

305,162.23

3051622.300000000

N/A

0.000000000

073879LB2

100.00

0.00

100.00

305,162.23

0.000000000

0.00

0.000000000

N/A

0.000000000

073879LF3

R-X

0.00

Total P&I Payment

0.00

305,162.23

100.00

305,162.23

Total

100.00

0.00

305,162.23

Page 5 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

4,378,139.14

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

487,829.53

15,144.62

19,381,698.84

0.00
0.00
0.00

24,264,289.61

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

709,186,115.97

487,829.53

19,396,843.46

0.00
0.00
0.00

689,301,442.98

4,609

0
0

4,512

277,568.09

Extra Principal

Trigger Event

0.00

19,884,672.99

Over Collateralization Amt

18,542,077.21

Less Extra Principal

Remittance Interest

0.00

4,378,139.14

0.00

19,396,843.46

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(1,477.47

4,379,616.62

Total Fees

281,587.42

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

1,477.47

LPMI Fees

2,541.86

0.00
0.00
0.00

0.00

Page 6 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - Fixed - Group 1

Interest Summary

Total Trustee Fees

Available Interest

315,319.16

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

50,251.88

1,626.76

538,521.40

0.00
0.00
0.00

905,833.21

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

54,726,121.25

50,251.88

540,148.16

0.00
0.00
0.00

54,135,721.21

272

0
0

270

21,905.09

Extra Principal

Trigger Event

0.00

590,400.04

Over Collateralization Amt

18,542,077.21

Remittance Interest

315,319.16

0.00

540,148.16

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(114.01

315,433.17

Total Fees

22,019.10

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

114.01

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 7 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary Second Lien - Fixed - Group 1

Interest Summary

Total Trustee Fees

Available Interest

1,032,467.55

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

92,283.73

2,663.09

6,793,150.42

0.00
0.00
0.00

7,920,900.90

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

161,334,595.93

92,283.73

6,795,813.51

0.00
0.00
0.00

154,446,498.69

867

0
0

844

60,953.91

Extra Principal

Trigger Event

0.00

6,888,097.24

Over Collateralization Amt

18,542,077.21

Remittance Interest

1,032,467.55

0.00

6,795,813.51

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(336.11

1,032,803.66

Total Fees

61,970.58

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

336.11

LPMI Fees

680.56

0.00
0.00
0.00

0.00

Page 8 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - 228 ARM - Group 1

Interest Summary

Total Trustee Fees

Available Interest

147,308.91

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

14,393.08

2,739.42

1,064,276.25

0.00
0.00
0.00

1,228,766.03

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

23,217,916.80

14,393.08

1,067,015.67

0.00
0.00
0.00

22,136,508.05

121

0
0

117

9,193.08

Extra Principal

Trigger Event

0.00

1,081,408.75

Over Collateralization Amt

18,542,077.21

Remittance Interest

147,308.91

0.00

1,067,015.67

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(48.37

147,357.28

Total Fees

9,241.45

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

48.37

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 9 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - 327 ARM - Group 1

Interest Summary

Total Trustee Fees

Available Interest

109,755.77

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

8,006.43

930.15

272,632.71

0.00
0.00
0.00

391,352.24

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

13,042,394.29

8,006.43

273,562.86

0.00
0.00
0.00

12,760,825.00

370

0
0

363

5,015.98

Extra Principal

Trigger Event

0.00

281,569.29

Over Collateralization Amt

18,542,077.21

Remittance Interest

109,755.77

0.00

273,562.86

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(27.17

109,782.95

Total Fees

5,043.15

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

27.17

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 10 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - Fixed - Group 2

Interest Summary

Total Trustee Fees

Available Interest

312,157.56

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

49,703.77

5,134.75

1,067,775.96

0.00
0.00
0.00

1,434,883.23

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

53,374,098.53

49,703.77

1,072,910.71

0.00
0.00
0.00

52,251,484.05

282

0
0

277

20,611.07

Extra Principal

Trigger Event

0.00

1,122,614.48

Over Collateralization Amt

18,542,077.21

Remittance Interest

312,157.56

0.00

1,072,910.71

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(111.20

312,268.75

Total Fees

20,722.26

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

111.20

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 11 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary Second Lien - Fixed - Group 2

Interest Summary

Total Trustee Fees

Available Interest

17,733.30

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

2,442.78

121.65

58,573.16

0.00
0.00
0.00

78,874.78

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

1,868,960.54

2,442.78

58,694.81

0.00
0.00
0.00

1,807,822.95

0
0

725.69

Extra Principal

Trigger Event

0.00

61,137.59

Over Collateralization Amt

18,542,077.21

Remittance Interest

17,733.30

0.00

58,694.81

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(3.89

17,737.19

Total Fees

729.58

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

3.89

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 12 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - 227 ARM - Group 2

Interest Summary

Total Trustee Fees

Available Interest

801,705.45

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

97,366.67

9,092.05

3,248,028.77

0.00
0.00
0.00

4,156,473.79

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

134,808,400.92

97,366.67

3,257,120.82

0.00
0.00
0.00

131,453,913.43

742

0
0

727

53,037.95

Extra Principal

Trigger Event

0.00

3,354,487.49

Over Collateralization Amt

18,542,077.21

Remittance Interest

801,705.45

0.00

3,257,120.82

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(280.85

801,986.30

Total Fees

53,318.80

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

280.85

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 13 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - 328 ARM - Group 2

Interest Summary

Total Trustee Fees

Available Interest

32,144.13

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

4,912.38

39.63

0.00
0.00
0.00
0.00

37,109.44

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

6,383,910.62

4,912.38

39.63

0.00
0.00
0.00

6,378,958.61

0
0

2,659.96

Extra Principal

Trigger Event

0.00

4,952.01

Over Collateralization Amt

18,542,077.21

Remittance Interest

32,144.13

0.00

39.63

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(13.30

32,157.43

Total Fees

2,673.26

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

13.30

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 14 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - Fixed - Group 3

Interest Summary

Total Trustee Fees

Available Interest

168,441.68

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

28,701.38

)

(1,431.44

160,445.78

0.00
0.00
0.00

356,217.25

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

28,728,883.03

28,701.38

159,014.34

0.00
0.00
0.00

28,541,167.31

218

0
0

216

11,765.14

Extra Principal

Trigger Event

0.00

187,715.72

Over Collateralization Amt

18,542,077.21

Remittance Interest

168,441.68

0.00

159,014.34

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(59.85

168,501.53

Total Fees

11,824.99

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

59.85

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 15 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary Second Lien - Fixed - Group 3

Interest Summary

Total Trustee Fees

Available Interest

1,126,541.54

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

105,369.07

)

(6,760.12

4,194,612.96

0.00
0.00
0.00

5,420,144.52

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

182,913,100.02

105,369.07

4,187,852.84

0.00
0.00
0.00

178,619,878.11

1,200

0
0

1,177

73,339.47

Extra Principal

Trigger Event

0.00

4,293,221.91

Over Collateralization Amt

18,542,077.21

Remittance Interest

1,126,541.54

0.00

4,187,852.84

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(381.07

1,126,922.61

Total Fees

75,129.97

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

381.07

LPMI Fees

1,409.43

0.00
0.00
0.00

0.00

Page 16 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - 227 ARM - Group 3

Interest Summary

Total Trustee Fees

Available Interest

268,511.19

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

28,815.18

228.96

1,887,146.60

0.00
0.00
0.00

2,184,792.85

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

43,642,142.38

28,815.18

1,887,375.56

0.00
0.00
0.00

41,725,951.64

273

0
0

262

16,270.30

Extra Principal

Trigger Event

0.00

1,916,190.74

Over Collateralization Amt

18,542,077.21

Remittance Interest

268,511.19

0.00

1,887,375.56

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(90.92

268,602.11

Total Fees

16,813.08

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

90.92

LPMI Fees

451.87

0.00
0.00
0.00

0.00

Page 17 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Statement Date:

Cash Reconciliation Summary First Lien - 328 ARM - Group 3

Interest Summary

Total Trustee Fees

Available Interest

46,112.16

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

5,583.18

759.72

96,534.83

0.00
0.00
0.00

149,000.61

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

5,145,591.66

5,583.18

97,294.55

0.00
0.00
0.00

5,042,713.93

182

0
0

179

2,090.46

Extra Principal

Trigger Event

0.00

102,877.73

Over Collateralization Amt

18,542,077.21

Remittance Interest

46,112.16

0.00

97,294.55

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(10.72

46,122.88

Total Fees

2,101.18

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.52

7,776.48

10.72

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 18 of 62

Bear Stearns Asset Backed Securities Trust

Class

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Deposits
from YM

Agreement

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest

Losses

Current

Int Carry-Fwd

Shortfall

Current Basis

Risk Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Remaining Basis

Risk Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

0.00

2,443,864.89

2,443,805.63

30/360

0.00

2,443,864.89

0.00

59.26

0.00

I-A-1

168,966.12

Act/360

0.00

168,966.12

0.00

I-A-2

195,789.28

Act/360

0.00

195,789.28

0.00

I-A-3

62,702.93

Act/360

0.00

62,702.93

0.00

II-A

332,141.96

Act/360

0.00

332,141.96

0.00

III-A-1

358,651.63

Act/360

0.00

358,651.63

0.00

III-A-2

93,621.03

Act/360

0.00

93,621.03

0.00

M-1

107,210.93

Act/360

0.00

107,210.93

0.00

M-2

107,940.86

Act/360

0.00

107,940.86

0.00

M-3

31,385.76

Act/360

0.00

31,385.76

0.00

M-4

36,914.49

Act/360

0.00

36,914.49

0.00

M-5

26,495.57

Act/360

0.00

26,495.57

0.00

M-6

33,787.80

Act/360

0.00

33,787.80

0.00

M-7A

32,893.22

Act/360

0.00

32,893.22

0.00

M-7B

32,893.22

Act/360

0.00

32,893.22

0.00

305,162.23

30/360

0.00

4,065,259.69

4,370,421.92

4,370,362.66

0.00

59.26

0.00

(2) Interest Carry-Forward Shortfall is unpaid interest with interest thereon
(3) Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Page 19 of 62

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

ABN AMRO

LaSalle Bank

N.A.

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

I-A-1

59.11%

59.62%

11/27/2034

74,302,050.11

0.00

83,143,525.43

92,124,000.00

164,935.12

0.00

8,676,540.20

I-A-2

59.11%

59.62%

11/27/2034

89,164,000.00

0.00

89,164,000.00

0.00

I-A-3

59.11%

59.62%

11/27/2034

26,969,000.00

0.00

26,969,000.00

0.00

II-A

59.11%

59.62%

11/27/2034

150,986,344.04

0.00

155,529,535.61

160,598,000.00

154,425.60

0.00

4,388,765.97

III-A-1

59.11%

59.62%

11/27/2034

159,448,720.06

0.00

164,623,977.72

168,558,000.00

134,133.64

0.00

5,041,124.02

III-A-2

59.11%

59.62%

11/27/2034

40,815,251.56

0.00

42,140,000.00

34,335.17

0.00

1,290,413.27

M-1

56.00%

56.34%

11/27/2034

43,994,000.00

0.00

43,994,000.00

0.00

M-2

53.39%

53.58%

11/27/2034

37,086,000.00

0.00

37,086,000.00

0.00

M-3

52.67%

52.82%

11/27/2034

10,181,000.00

0.00

10,181,000.00

0.00

M-4

51.90%

52.01%

11/27/2034

10,908,000.00

0.00

10,908,000.00

0.00

M-5

51.36%

51.44%

11/27/2034

7,635,000.00

0.00

7,635,000.00

0.00

M-6

50.87%

50.92%

11/27/2034

6,908,000.00

0.00

6,908,000.00

0.00

M-7A

50.00%

11/27/2034

6,181,000.00

0.00

6,181,000.00

0.00

M-7B

50.00%

11/27/2034

6,181,000.00

0.00

6,181,000.00

0.00

690,644,038.76

0.00

11/27/2034

0.00

487,829.53

0.00

19,396,843.46

0.00

708,627,000.00

670,759,365.77

Page 20 of 62

(1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount.

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Interest Adjustments Summary

Statement Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

59.26

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

59.26

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

305,162.23

305,162.23

Total Excess Allocated to the Bonds

305,102.97

)

(59.26

Aggregate Interest Adjustment Allocated to the Bonds

0.00

305,162.23

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Page 21 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

R-1

073879LD8

073879LC0

R-3

9ABSS790

073879LB2

R-X

073879LF3

I-A-1

073879JW9

Aaa

AAA

I-A-2

073879JX7

Aaa

AAA

I-A-3

073879JY5

Aaa

AAA

II-A

073879JZ2

Aaa

AAA

III-A-1

073879KK3

Aaa

AAA

III-A-2

073879KL1

Aaa

AAA

M-1

073879KC1

Aa2

AA+

M-2

073879KD9

M-3

073879KE7

A+

M-4

073879KF4

Baa1

M-5

073879KG2

Baa2

A-

M-6

073879KH0

Baa3

BBB+

M-7A

073879KJ6

BBB-

M-7B

073879LM8

BBB-

R-2

073879LE6

Page 22 of 62

NR - Designates that the class was not rated by the rating agency.

(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be
understood that this transmission will generally have been provided to LaSalle within 30 days of the payment date listed on this statement. Because ratings may have
changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on
this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

2.86%

2.49%

0.66%

0.73%

0.04%

322,624

0.05%

0.00%

27-Dec-04

129

17,171,506

5,001,934

4,351

666,805,379

96.43%

96.74%

2.04%

2.00%

0.02%

0.01%

0.00%

26-Nov-04

14,183,590

103,849

4,514

694,898,676

97.94%

97.99%

Page 23 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - Fixed - Group 1

1.85%

1.25%

0.37%

0.12%

0.00%

27-Dec-04

676,782

64,877

264

53,394,063

97.78%

98.63%

1.47%

0.70%

0.00%

26-Nov-04

380,738

268

54,345,383

98.53%

99.30%

Page 24 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Second Lien - Fixed - Group 1

4.38%

3.46%

1.30%

1.46%

0.00%

27-Dec-04

5,345,652

2,248,511

796

146,852,336

94.31%

95.08%

3.58%

3.73%

0.00%

26-Nov-04

6,010,268

836

155,324,327

96.42%

96.27%

Page 25 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - 228 ARM - Group 1

3.42%

4.09%

1.71%

1.39%

0.00%

27-Dec-04

904,292

307,817

111

20,924,398

94.87%

94.52%

2.48%

1.78%

0.00%

26-Nov-04

412,840

118

22,805,076

97.52%

98.22%

Page 26 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - 327 ARM - Group 1

3.31%

1.68%

0.28%

0.10%

0.28%

103,811

0.81%

0.00%

27-Dec-04

214,911

13,122

349

12,428,982

96.14%

97.40%

1.89%

1.18%

0.27%

0.80%

0.00%

26-Nov-04

153,378

103,849

362

12,785,167

97.84%

98.03%

Page 27 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - Fixed - Group 2

0.72%

0.62%

0.36%

0.27%

0.00%

27-Dec-04

322,326

141,965

274

51,787,193

98.92%

99.11%

1.42%

1.03%

0.00%

26-Nov-04

550,143

278

52,823,956

98.58%

98.97%

Page 28 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Second Lien - Fixed - Group 2

0.00%

27-Dec-04

1,807,823

100.00%

0.00%

26-Nov-04

1,868,961

100.00%

Page 29 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - 227 ARM - Group 2

1.93%

1.84%

0.69%

0.66%

0.00%

27-Dec-04

2,412,251

871,553

708

128,170,109

97.39%

97.50%

1.89%

1.66%

0.00%

26-Nov-04

2,242,045

728

132,566,356

98.11%

98.34%

Page 30 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - 328 ARM - Group 2

0.00%

27-Dec-04

6,378,959

100.00%

0.00%

26-Nov-04

6,383,911

100.00%

Page 31 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - Fixed - Group 3

2.31%

1.54%

0.00%

27-Dec-04

439,589

211

28,101,578

97.69%

98.46%

0.92%

0.82%

0.00%

26-Nov-04

234,746

216

28,494,137

99.08%

99.18%

Page 32 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Second Lien - Fixed - Group 3

3.06%

0.51%

0.61%

0.08%

218,813

0.12%

0.00%

27-Dec-04

5,460,817

1,084,273

1,134

171,855,975

96.35%

96.21%

1.50%

1.68%

0.00%

26-Nov-04

3,079,591

1,182

179,833,509

98.50%

98.32%

Page 33 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - 227 ARM - Group 3

3.82%

3.09%

1.15%

0.65%

0.00%

27-Dec-04

1,289,538

269,816

249

40,166,597

95.04%

96.26%

3.30%

2.45%

0.00%

26-Nov-04

1,069,917

264

42,572,225

96.70%

97.55%

Page 34 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien - 328 ARM - Group 3

2.23%

2.09%

0.00%

27-Dec-04

105,347

175

4,937,367

97.77%

97.91%

1.10%

0.97%

0.00%

26-Nov-04

49,921

180

5,095,670

98.90%

99.03%

Page 35 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

314,679

0.00%

0.07%

0.05% 0.00%

0.00% 0.00%

0.00%

0.13%

0.10%

707,245

0.00%

26-Nov-04

120,476

0.00%

0.02%

0.02% 0.00%

0.00% 0.00%

0.00%

0.13%

0.09%

649,117

0.00%

Page 36 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - Fixed - Group 1

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

0.37%

0.19%

105,516

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

0.37%

0.19%

105,598

0.00%

Page 37 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Second Lien - Fixed - Group 1

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

155,382

0.00%

0.12%

0.10% 0.00%

0.00% 0.00%

0.00%

0.24%

0.16%

244,440

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

0.23%

0.18%

294,328

0.00%

Page 38 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - 228 ARM - Group 1

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 39 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - 327 ARM - Group 1

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

38,896

0.00%

0.28%

0.30% 0.00%

0.00% 0.00%

0.00%

0.28%

0.12%

15,179

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

0.54%

0.41%

54,099

0.00%

Page 40 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - Fixed - Group 2

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

120,401

0.00%

0.36%

0.23% 0.00%

0.00% 0.00%

0.00%

26-Nov-04

120,476

0.00%

0.35%

0.23% 0.00%

0.00% 0.00%

0.00%

Page 41 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Second Lien - Fixed - Group 2

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 42 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - 227 ARM - Group 2

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 43 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - 328 ARM - Group 2

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 44 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - Fixed - Group 3

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 45 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Second Lien - Fixed - Group 3

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

0.17%

0.19%

342,111

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

0.08%

0.11%

195,091

0.00%

Page 46 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - 227 ARM - Group 3

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 47 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien - 328 ARM - Group 3

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

0.00%

0.00% 0.00%

0.00%

26-Nov-04

0.00%

0.00% 0.00%

0.00%

Page 48 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Dec-04

4,512

96.29%

689,301,443

94.79%

2.10%

2.73%

0.00%

349

7.40%

6.89%

19,381,699

0.00

0.00%

0.00

26-Nov-04

4,609

98.36%

709,186,116

97.53%

1.64%

2.40%

0.00%

350

7.40%

6.89%

17,442,814

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 49 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - Fixed - Group 1

27-Dec-04

270

5.76%

54,135,721

7.44%

0.74%

0.98%

0.00%

344

7.04%

6.54%

538,521

0.00

0.00%

0.00

26-Nov-04

272

5.80%

54,726,121

7.53%

1.09%

1.71%

0.00%

345

7.04%

6.53%

954,480

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 50 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Second Lien - Fixed - Group 1

27-Dec-04

844

18.01%

154,446,499

21.24%

2.65%

4.21%

0.00%

355

7.56%

7.06%

6,793,150

0.00

0.00%

0.00

26-Nov-04

867

18.50%

161,334,596

22.19%

2.36%

3.87%

0.00%

356

7.55%

7.05%

6,502,283

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 51 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - 228 ARM - Group 1

27-Dec-04

117

2.50%

22,136,508

3.04%

3.31%

4.58%

0.00%

354

7.15%

6.65%

1,064,276

0.00

0.00%

0.00

26-Nov-04

121

2.58%

23,217,917

3.19%

3.20%

4.19%

0.00%

355

7.13%

6.63%

1,016,936

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 52 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - 327 ARM - Group 1

27-Dec-04

363

7.75%

12,760,825

1.75%

1.89%

2.09%

0.00%

258

10.60%

10.10%

272,633

0.00

0.00%

0.00

26-Nov-04

370

7.90%

13,042,394

1.79%

1.33%

2.47%

0.00%

257

10.60%

10.10%

330,588

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 53 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - Fixed - Group 2

27-Dec-04

277

5.91%

52,251,484

7.19%

1.77%

2.00%

0.00%

343

6.96%

6.45%

1,067,776

0.00

0.00%

0.00

26-Nov-04

282

6.02%

53,374,099

7.34%

1.74%

1.83%

0.00%

344

6.96%

6.46%

997,980

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 54 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Second Lien - Fixed - Group 2

27-Dec-04

0.98%

1,807,823

0.25%

4.17%

3.13%

0.00%

234

10.32%

9.82%

58,573

0.00

0.00%

0.00

26-Nov-04

1.02%

1,868,961

0.26%

0.00%

235

10.32%

9.82%

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 55 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - 227 ARM - Group 2

27-Dec-04

727

15.51%

131,453,913

18.08%

2.02%

2.41%

0.00%

355

7.24%

6.74%

3,248,029

0.00

0.00%

0.00

26-Nov-04

742

15.83%

134,808,401

18.54%

2.11%

2.60%

0.00%

356

7.25%

6.74%

3,600,583

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 56 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - 328 ARM - Group 2

27-Dec-04

0.73%

6,378,959

0.88%

0.00%

355

6.54%

6.04%

0.00

0.00%

0.00

26-Nov-04

0.73%

6,383,911

0.88%

2.86%

4.56%

0.00%

356

6.55%

6.04%

304,973

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 57 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - Fixed - Group 3

27-Dec-04

216

4.61%

28,541,167

3.92%

0.92%

0.56%

0.00%

339

7.30%

6.80%

160,446

0.00

0.00%

0.00

26-Nov-04

218

4.65%

28,728,883

3.95%

2.24%

2.23%

0.00%

340

7.31%

6.80%

654,870

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 58 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Second Lien - Fixed - Group 3

27-Dec-04

1,177

25.12%

178,619,878

24.56%

1.92%

2.29%

0.00%

355

7.39%

6.88%

4,194,613

0.00

0.00%

0.00

26-Nov-04

1,200

25.61%

182,913,100

25.15%

1.15%

1.50%

0.00%

356

7.38%

6.87%

2,789,091

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 59 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - 227 ARM - Group 3

27-Dec-04

262

5.59%

41,725,952

5.74%

4.03%

4.32%

0.00%

354

7.16%

6.65%

1,887,147

0.00

0.00%

0.00

26-Nov-04

273

5.83%

43,642,142

6.00%

0.73%

0.61%

0.00%

355

7.17%

6.65%

268,753

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 60 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien - 328 ARM - Group 3

27-Dec-04

179

3.82%

5,042,714

0.69%

1.65%

1.88%

0.00%

243

10.72%

10.21%

96,535

0.00

0.00%

0.00

26-Nov-04

182

3.88%

5,145,592

0.71%

0.55%

0.43%

0.00%

245

10.71%

10.21%

22,279

0.00

0.00%

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 61 of 62

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-HE9

ABN AMRO Acct: 722132.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 62 of 62

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2004-HE9 8-K