8-K 1 final_cf2004-01.txt 1 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: August 25, 2005 ---------------------------------- (Date of earliest event reported) CITIFINANCIAL MORTGAGE SECURITIES INC. (Packager and Servicer) (Issuer in Respect of the REMIC Pass-Through Certificates Series 2004-01) ------------------------------------------------------------------------ (Exact name of registrant as specified in charter) Delaware 333-31964 52-2207681 -------------------------------------------------------------------------------- (State or other jurisdiction (Commission File Nos.) (I.R.S. Employer of organization) Identification No.) 300 St. Paul Place, Baltimore, Maryland 21202 ---------------------------------------- ---------- (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, including area code: (410) 332-3607 -------------------------------------------------------------------------- (Former name, former address and former fiscal year, if changed since last report.) 1 2 Item 8.01. Other Events. ------------- CITIFINANCIAL MORTGAGE SECURITIES INC. REMIC Pass-Through Certificates, Series 2004-01 ---------------------------------------------- Attached as Exhibit I is the monthly servicing report for the month of July 2005. 2 3 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. CITIFINANCIAL MORTGAGE SECURITIES INC. (Registrant) By: /s/ Cathy Johnson ------------------------- Cathy Johnson Assistant Vice President Dated: August 29, 2005 3 4 EXHIBIT INDEX Exhibit No. Page No. ----------- -------- I monthly servicing report for July 2005 5 4 5 EXHIBIT I --------- CitiFinancial Mortgage Securities Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CFMSI CF2004-01 Payment Date: 08/25/2005 Issuer: CitiFinancial Mortgage Securities Inc. Record Date: 30-Jul-05 Distribution Date: 25-Aug-05 Distribution #: 17 W.A.C. 7.36% Trustee U.S. Bank National Association Clare M. O'Brien (617) 603-6402 Bond Administrator CitiMortgage, Inc. Valentina Polonskaya (636) 261-1342 Paying Agent: Citibank N.A. Karen Schluter (212) 816-5827

6 CitiFinancial Mortgage Securities Inc. Distribution Date Statement to Certificate Holders Remic Pass-Through Certificate Series Name: CFMSI CF2004-01 Payment Date: 08/25/2005

7 CitiFinancial Mortgage Securities Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CFMSI CF2004-01 Payment Date: 08/25/2005

8 CitiFinancial Mortgage Securities Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series_Name: CFMSI CF2004-01 Payment_Date: 08/25/2005

9 CitiFinancial Mortgage Securities, Inc. Distribution Date Statement to Certificateholders Remic Pass-Through Certificate Series Name: CFMSI CF2004-01 Payment Date: 08/25/2005 Delinquency Stats- Determined by the OTS Method -------------------------------------------------- 30 - 59 days Delq 60+ days Book Value REO ----------------------------------------------------- Number 48 65 17 Amount $5,274,770.49 $7,710,211.37 $1,992,948.27 Stated Collateral Information ------------------------------- Service Fees Begin Balance Aggregate Adj Balance -------------------------------------------------------------------- $45,062.24 $388,619,144.54 $371,621,728.15 Advances ------------ Net Delinquency Advances $957,634.85 Net Servicing Advances $381,768.59 Cumulative Nonrecoverable Advances $0.00 Other Information ------------------- Substitution Adjustment Amounts $0.00 Loan Repurchase Price $0.00 Over Collateralization Summary GROUP 1 GROUP 2 --------------------------------- ----------- ----------- Target Over Collateralization Amount $13,833,454.08 $6,620,328.06 Prior to Application of Excess Interest ----------------------------------------- Over Collateralization Amount $13,833,454.08 $6,620,328.06 Deficiency Amount $0.00 $0.00 Release Amount $0.00 $0.00 Monthly Excess Interest $773,470.05 $277,211.13 After Application of Excess Interest ------------------------------------- Over Collateralization Amount $13,833,454.08 $6,620,328.06 Deficiency Amount $0.00 $0.00 GROUP 1 GROUP 2 --------- --------- Trigger Trigger Test Calc % Trigger % Broken ? Calc % Trigger % Broken ? ------------------------------------------------ ------------------------ Delinquencies 8.53 42.918 F 11.17 37.736 F Cum Losses 0.12 3.500 F 0.12 5.000 F A Credit Enhancement Level 22.68 33.200 Y 39.94 36.500 F Summary of Disbursements ------------------------- Withdrawals Remittances Residual and (Deposits) P&I Distributed ----------------------------------------------------------------- $19,002,629.48 $846,192.04 $6,476.99 $18,149,960.45 Withdrawals from Certificate Account -------------------------------------- Type Amount --------------------------------------- Admin Fee $5,036.60 Admin Fee $1,440.39 10 CitiFinancial Mortgage Securities Inc. SERIES CFMSI CF2004-01

DELINQUENCIES ARE DETERMINED BY THE OTS METHOD. (1) DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST. (2) BASED ON ORIGINAL ISSUE BALANCE

CITIFINANCIAL MORTGAGE SECURITIES INC 8-K