Cendant Mortgage Corporation  CDMC Mortgage Pass-Through Certificates  Series 2004-1
Distribution Date:8/25/2004
Record Date:7/30/2004

Distribution Summary

DISTRIBUTION IN DOLLARS

                                                    Prior         Pass-                                                                                  Current
                              Original              Principal     Through       Interest   Principal   Total          Deferred               Realized    Principal
Class                         Balance               Balance       Rate          DistributedDistributed Distributed    Interest               Loss        Balance
(1)                           (2)                   (3)           (4)           (5)        (6)         (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A1                            38,302,025.00         34,014,084.71 5.500000%     155,897.89 480,290.16  636,188.05     0.00                   0.00        33,533,794.55

A2                            2,934,864.00          3,016,503.22  5.500000%     0.00       0.00        0.00           13,825.64              0.00        3,030,328.86

A3                            23,799,955.00         22,838,747.50 5.500000%     104,677.59 203,345.54  308,023.13     0.00                   0.00        22,635,401.96

A4                            30,273,492.00         25,270,536.93 5.500000%     115,823.29 463,677.24  579,500.53     0.00                   0.00        24,806,859.69

A5                            15,020,402.00         13,363,690.15 5.500000%     61,250.25  185,284.10  246,534.35     0.00                   0.00        13,178,406.05

A6                            4,414,329.00          4,537,122.55  5.500000%     0.00       0.00        0.00           20,795.15              0.00        4,557,917.70

A7                            6,008,161.00          6,175,290.23  5.500000%     0.00       0.00        0.00           28,303.41              0.00        6,203,593.64

A8                            14,519,722.00         14,519,722.00 5.500000%     66,548.73  0.00        66,548.73      0.00                   0.00        14,519,722.00

P                             1,156,324.61          1,076,708.17  0.000000%     0.00       1,391.77    1,391.77       0.00                   0.00        1,075,316.40

R                             100.00                0.00          5.500000%     0.00       0.00        0.00           0.00                   0.00        0.00

B1                            6,821,469.00          6,780,176.30  5.500000%     31,075.81  7,069.94    38,145.75      0.00                   0.00        6,773,106.36

B2                            798,257.00            793,424.90    5.500000%     3,636.53   827.33      4,463.86       0.00                   0.00        792,597.57

B3                            362,844.00            360,647.60    5.500000%     1,652.97   376.06      2,029.03       0.00                   0.00        360,271.54

B4                            290,275.00            288,517.87    5.500000%     1,322.37   300.85      1,623.22       0.00                   0.00        288,217.02

B5                            217,706.00            216,388.15    5.500000%     991.78     225.64      1,217.42       0.00                   0.00        216,162.51

B6                            217,706.20            216,388.58    5.500000%     991.78     225.63      1,217.41       0.00                   0.00        216,162.95

Totals                        145,137,631.81        133,467,948.86              543,868.99 1,343,014.261,886,883.25   62,924.20              0.00        130,314,447.21

Notional Classes

X                             113,165,824.59        102,730,713.790.384844%     32,946.08  0.00        32,946.08      0.00                   0.00        101,488,128.02

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                                    Prior                                                                                    Current
                                                    Principal     Interest      Principal  Total       Deferred       Realized               Principal
                                                                  Distributed
Class                         CUSIP                 Balance       (5/2 x 1000)  DistributedDistributed Interest       Loss                   Balance
                                                    (3/2 x 1000)                (6/2 x     (7/2 x 1000)(8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                                1000)                                                        1000)

A1                            151314FV8             888.049254    4.070226      12.539550  16.609776   0.000000       0.000000               875.509703

A2                            151314FW6             1,027.817037  0.000000      0.000000   0.000000    4.710828       0.000000               1,032.527865

A3                            151314FX4             959.613054    4.398226      8.543946   12.942173   0.000000       0.000000               951.069107

A4                            151314FY2             834.741395    3.825898      15.316279  19.142177   0.000000       0.000000               819.425116

A5                            151314FZ9             889.702563    4.077804      12.335495  16.413299   0.000000       0.000000               877.367067

A6                            151314GA3             1,027.817036  0.000000      0.000000   0.000000    4.710829       0.000000               1,032.527866

A7                            151314GB1             1,027.817036  0.000000      0.000000   0.000000    4.710827       0.000000               1,032.527863

A8                            151314GC9             1,000.000000  4.583334      0.000000   4.583334    0.000000       0.000000               1,000.000000

P                             151314GD7             931.146981    0.000000      1.203615   1.203615    0.000000       0.000000               929.943366

R                             151314GF2             0.000000      0.000000      0.000000   0.000000    0.000000       0.000000               0.000000

B1                            151314GG0             993.946656    4.555589      1.036425   5.592014    0.000000       0.000000               992.910231

B2                            151314GH8             993.946686    4.555588      1.036421   5.592009    0.000000       0.000000               992.910266

B3                            151314GJ4             993.946710    4.555594      1.036423   5.592018    0.000000       0.000000               992.910287

B4                            151314GK1             993.946671    4.555577      1.036431   5.592008    0.000000       0.000000               992.910240

B5                            151314GL9             993.946653    4.555593      1.036444   5.592037    0.000000       0.000000               992.910209

B6                            151314GM7             993.947715    4.555589      1.036397   5.591986    0.000000       0.000000               992.911318

X                             151314GE5             907.789204    0.291131      0.000000   0.291131    0.000000       0.000000               896.808983

Interest Distribution Detail

DISTRIBUTION IN DOLLARS

                              Prior                 Pass-         Optimal       Prior      Non-Recov                                                     Current
                              Principal             Through       Accrued       Unpaid     Interest    Interest       Deferred               Interest    Unpaid
                                                                                                                                             Distributed
Class                         Balance               Rate          Interest      Interest   Shortfall   Due            Interest               (9)         Interest
(1)                           (2)                   (3)           (4)           (5)        (6)         (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A1                            34,014,084.71         5.500000%     155,897.89    0.00       0.00        155,897.89     0.00                   155,897.89  0.00

A2                            3,016,503.22          5.500000%     13,825.64     0.00       0.00        13,825.64      13,825.64              0.00        0.00

A3                            22,838,747.50         5.500000%     104,677.59    0.00       0.00        104,677.59     0.00                   104,677.59  0.00

A4                            25,270,536.93         5.500000%     115,823.29    0.00       0.00        115,823.29     0.00                   115,823.29  0.00

A5                            13,363,690.15         5.500000%     61,250.25     0.00       0.00        61,250.25      0.00                   61,250.25   0.00

A6                            4,537,122.55          5.500000%     20,795.15     0.00       0.00        20,795.15      20,795.15              0.00        0.00

A7                            6,175,290.23          5.500000%     28,303.41     0.00       0.00        28,303.41      28,303.41              0.00        0.00

A8                            14,519,722.00         5.500000%     66,548.73     0.00       0.00        66,548.73      0.00                   66,548.73   0.00

P                             1,076,708.17          0.000000%     0.00          0.00       0.00        0.00           0.00                   0.00        0.00

R                             0.00                  5.500000%     0.00          0.00       0.00        0.00           0.00                   0.00        0.00

B1                            6,780,176.30          5.500000%     31,075.81     0.00       0.00        31,075.81      0.00                   31,075.81   0.00

B2                            793,424.90            5.500000%     3,636.53      0.00       0.00        3,636.53       0.00                   3,636.53    0.00

B3                            360,647.60            5.500000%     1,652.97      0.00       0.00        1,652.97       0.00                   1,652.97    0.00

B4                            288,517.87            5.500000%     1,322.37      0.00       0.00        1,322.37       0.00                   1,322.37    0.00

B5                            216,388.15            5.500000%     991.78        0.00       0.00        991.78         0.00                   991.78      0.00

B6                            216,388.58            5.500000%     991.78        0.00       0.00        991.78         0.00                   991.78      0.00

  Totals                      133,467,948.86                      606,793.19    0.00       0.00        606,793.19     62,924.20              543,868.99  0.00

Notional Classes

X                             102,730,713.79        0.384844%     32,946.08     0.00       0.00        32,946.08      0.00                   32,946.08   0.00

Principal Distribution Detail

DISTRIBUTION IN DOLLARS

                                                    Prior                                  Current     Current        Current                Cumulative
                              Original              Principal     Principal     Accreted   Realized    Principal      Principal              Realized
Class                         Balance               Balance       Distribution  Principal  Losses      Recoveries     Balance                Losses
(1)                           (2)                   (3)           (4)           (5)        (6)         (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A1                            38,302,025.00         34,014,084.71 480,290.16    0.00       0.00        0.00           33,533,794.55          0.00

A2                            2,934,864.00          3,016,503.22  0.00          13,825.64  0.00        0.00           3,030,328.86           0.00

A3                            23,799,955.00         22,838,747.50 203,345.54    0.00       0.00        0.00           22,635,401.96          0.00

A4                            30,273,492.00         25,270,536.93 463,677.24    0.00       0.00        0.00           24,806,859.69          0.00

A5                            15,020,402.00         13,363,690.15 185,284.10    0.00       0.00        0.00           13,178,406.05          0.00

A6                            4,414,329.00          4,537,122.55  0.00          20,795.15  0.00        0.00           4,557,917.70           0.00

A7                            6,008,161.00          6,175,290.23  0.00          28,303.41  0.00        0.00           6,203,593.64           0.00

A8                            14,519,722.00         14,519,722.00 0.00          0.00       0.00        0.00           14,519,722.00          0.00

P                             1,156,324.61          1,076,708.17  1,391.77      0.00       0.00        0.00           1,075,316.40           0.00

R                             100.00                0.00          0.00          0.00       0.00        0.00           0.00                   0.00

B1                            6,821,469.00          6,780,176.30  7,069.94      0.00       0.00        0.00           6,773,106.36           0.00

B2                            798,257.00            793,424.90    827.33        0.00       0.00        0.00           792,597.57             0.00

B3                            362,844.00            360,647.60    376.06        0.00       0.00        0.00           360,271.54             0.00

B4                            290,275.00            288,517.87    300.85        0.00       0.00        0.00           288,217.02             0.00

B5                            217,706.00            216,388.15    225.64        0.00       0.00        0.00           216,162.51             0.00

B6                            217,706.20            216,388.58    225.63        0.00       0.00        0.00           216,162.95             0.00

  Totals                      144,049,100.61        133,467,948.861,343,014.26  538,910.09 1,341,886.080.00           132,187,858.80         0.00

Collateral Summary

ASSET CHARACTERISTICS

                              Cut-Off               Prior         Current

Aggregate Stated Principal
Balance                       145,137,631.81        133,467,948.86132,187,858.80

Loan Count                    303                   281           280

Weighted Average Coupon Rate
(WAC)                         6.040691%             6.014896%     6.012161%

Net Weighted Average Coupon
Rate (Net WAC)                5.777682%             5.751846%     5.749106%

Weighted Average Maturity (WAM
in months)                    358                   353           352

AVAILABLE PRINCIPAL           AVAILABLE INTEREST

PO Principal                  Total Principal
Scheduled Interest            668,996.56
94.84                         159,382.36
Less:                         Servicing Fees        27,805.82
Trustee Fees                  1,390.28
Uncompensated PPIS            0.00
Relief Act Shortfall          0.00
Extraordinary Trust Fund
Expenses                      0.00
Primary Mortgage Insurance    61.18

TOTAL AVAILABLE INTEREST      639,739.28
0.00                          0.00

Delinquency Information

                              1 Month               2 Months      3+ Months     Totals

Delinquency

Scheduled Principal Balance   0.00                  0.00          0.00          0.00
Percentage of Total Pool
Balance                       0.0000%               0.0000%       0.0000%       0.0000%
Number of Loans               0                     0             0             0

Percentage of Total Loans     0.0000%               0.0000%       0.0000%       0.0000%
Bankruptcy

Scheduled Principal Balance                         0.00          0.00          0.00       0.00
Percentage of Total Pool Balance                    0.0000%       0.0000%       0.0000%    0.0000%

Number of Loans                                     0             0             0          0
Percentage of Total Loans                           0.0000%       0.0000%       0.0000%    0.0000%

Foreclosure

Scheduled Principal Balance                         0.00          0.00          0.00       0.00
Percentage of Total Pool Balance                    0.0000%       0.0000%       0.0000%    0.0000%

Number of Loans                                     0             0             0          0
Percentage of Total Loans                           0.0000%       0.0000%       0.0000%    0.0000%

REO

Scheduled Principal Balance                         0.00          0.00          0.00       0.00
Percentage of Total Pool Balance                    0.0000%       0.0000%       0.0000%    0.0000%

Number of Loans                                     0             0             0          0
Percentage of Total Loans                           0.0000%       0.0000%       0.0000%    0.0000%

Total

Scheduled Principal Balance                         0.00          0.00          0.00       0.00
Percentage of Total Pool Balance                    0.0000%       0.0000%       0.0000%    0.0000%

Number of Loans                                     0             0             0          0
Percentage of Total Loans                           0.0000%       0.0000%       0.0000%    0.0000%

Principal and Interest
Advances                      71,209.59

Other Information

Has the Credit Support
Depletion Date Been Reached?  No

Has the Class A2 Accretion
Termination Date Been Reached?No
Has the Class A6 Accretion
Termination Date Been Reached?No
Has the Class A7 Accretion
Termination Date Been Reached?No

Bankruptcy Amount             50,000.00
Fraud Loss Amount             1,451,376.32
Special Hazard Amount         856,312.00

CONTACT INFORMATION           CONTENTS

Distribution Summary          2
Depositor                     Cendant Mortgage
                              Capital LLC
Distribution Summary
(Factors)                     2

Mt. Laurel, NJ  08054
Interest Distribution         2
Underwriter                   William J. Mayer
                              Securities, LLC
60 Arch Street
Principal Distribution        2
Greenwich, CT  06830

Collateral Summary            2
3000 Leadenhall Road

Delinquency Information       2

Trustee                       Citibank, N.A.
Other Information             2

New York, NY  10005

Deal Contact:                 Kristen Driscoll      Citibank, N.A.
kristen.driscoll@citigroup.com                      Agency and
                                                    Trust
                                                    111 Wall
Tel: (212) 657-2186                                 Street, 14th
                                                    Floor, Zone 3
Fax: (212) 657-4009                                 New York, NY
                                                    10005

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CENDANT MORTGAGE CAPITAL LLC CDMC MORT PAS THR CE SE 04 1 8-K