Cendant Mortgage Corporation  CDMC Mortgage Pass-Through Certificates  Series
2004-1
Distribution
Date:11/26/2004
Record
Date:10/29/2004

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         33,064,683.05 5.500000%     151,546.46 832,799.54  984,346.00     0.00                   0.00        32,231,883.51

A2                2,934,864.00          3,058,170.54  5.500000%     0.00       0.00        0.00           14,016.61              0.00        3,072,187.15

A3                23,799,955.00         22,308,208.37 5.500000%     102,245.96 355,602.03  457,847.99     0.00                   0.00        21,952,606.34

A4                30,273,492.00         24,485,680.17 5.500000%     112,226.03 803,152.62  915,378.65     0.00                   0.00        23,682,527.55

A5                15,020,402.00         12,998,302.40 5.500000%     59,575.55  321,876.30  381,451.85     0.00                   0.00        12,676,426.10

A6                4,414,329.00          4,599,794.36  5.500000%     0.00       0.00        0.00           21,082.39              0.00        4,620,876.75

A7                6,008,161.00          6,260,590.24  5.500000%     0.00       0.00        0.00           28,694.37              0.00        6,289,284.61

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          1,072,282.15  0.000000%     0.00       9,898.08    9,898.08       0.00                   0.00        1,062,384.07

R                 100.00                0.00          5.500000%     0.00       0.00        0.00           0.00                   0.00        0.00

B1                6,821,469.00          6,758,688.19  5.500000%     30,977.32  7,184.30    38,161.62      0.00                   0.00        6,751,503.89

B2                798,257.00            790,910.36    5.500000%     3,625.01   840.72      4,465.73       0.00                   0.00        790,069.64

B3                362,844.00            359,504.62    5.500000%     1,647.73   382.14      2,029.87       0.00                   0.00        359,122.48

B4                290,275.00            287,603.49    5.500000%     1,318.18   305.71      1,623.89       0.00                   0.00        287,297.78

B5                217,706.00            215,702.36    5.500000%     988.64     229.29      1,217.93       0.00                   0.00        215,473.07

B6                217,706.20            215,702.99    5.500000%     988.64     229.28      1,217.92       0.00                   0.00        215,473.71

Totals            145,137,631.81        130,995,545.29              531,688.25 2,332,500.012,864,188.26   63,793.37              0.00        126,859,401.97

Notional Classes

X                 113,165,824.59        100,381,414.870.381874%     31,944.19  0.00        31,944.19      0.00                   0.00        98,489,468.25

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             863.262009    3.956617      21.742964  25.699581   0.000000       0.000000               841.519045

A2                151314FW6             1,042.014397  0.000000      0.000000   0.000000    4.775898       0.000000               1,046.790294

A3                151314FX4             937.321452    4.296057      14.941290  19.237347   0.000000       0.000000               922.380162

A4                151314FY2             808.815850    3.707073      26.529897  30.236969   0.000000       0.000000               782.285953

A5                151314FZ9             865.376466    3.966309      21.429273  25.395582   0.000000       0.000000               843.947193

A6                151314GA3             1,042.014394  0.000000      0.000000   0.000000    4.775899       0.000000               1,046.790294

A7                151314GB1             1,042.014393  0.000000      0.000000   0.000000    4.775899       0.000000               1,046.790292

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

P                 151314GD7             927.319319    0.000000      8.559949   8.559949    0.000000       0.000000               918.759370

R                 151314GF2             0.000000      0.000000      0.000000   0.000000    0.000000       0.000000               0.000000

B1                151314GG0             990.796585    4.541151      1.053190   5.594340    0.000000       0.000000               989.743395

B2                151314GH8             990.796648    4.541157      1.053195   5.594351    0.000000       0.000000               989.743454

B3                151314GJ4             990.796651    4.541153      1.053180   5.594333    0.000000       0.000000               989.743471

B4                151314GK1             990.796624    4.541142      1.053174   5.594316    0.000000       0.000000               989.743450

B5                151314GL9             990.796579    4.541170      1.053209   5.594380    0.000000       0.000000               989.743369

B6                151314GM7             990.798562    4.541166      1.053162   5.594329    0.000000       0.000000               989.745400

X                 151314GE5             887.029412    0.282278      0.000000   0.282278    0.000000       0.000000               870.311056

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                33,064,683.05         5.500000%     151,546.46    0.00       0.00        151,546.46     0.00                   151,546.46  0.00

A2                3,058,170.54          5.500000%     14,016.61     0.00       0.00        14,016.61      14,016.61              0.00        0.00

A3                22,308,208.37         5.500000%     102,245.96    0.00       0.00        102,245.96     0.00                   102,245.96  0.00

A4                24,485,680.17         5.500000%     112,226.03    0.00       0.00        112,226.03     0.00                   112,226.03  0.00

A5                12,998,302.40         5.500000%     59,575.55     0.00       0.00        59,575.55      0.00                   59,575.55   0.00

A6                4,599,794.36          5.500000%     21,082.39     0.00       0.00        21,082.39      21,082.39              0.00        0.00

A7                6,260,590.24          5.500000%     28,694.37     0.00       0.00        28,694.37      28,694.37              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                 1,072,282.15          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                6,758,688.19          5.500000%     30,977.32     0.00       0.00        30,977.32      0.00                   30,977.32   0.00

B2                790,910.36            5.500000%     3,625.01      0.00       0.00        3,625.01       0.00                   3,625.01    0.00

B3                359,504.62            5.500000%     1,647.73      0.00       0.00        1,647.73       0.00                   1,647.73    0.00

B4                287,603.49            5.500000%     1,318.18      0.00       0.00        1,318.18       0.00                   1,318.18    0.00

B5                215,702.36            5.500000%     988.64        0.00       0.00        988.64         0.00                   988.64      0.00

B6                215,702.99            5.500000%     988.64        0.00       0.00        988.64         0.00                   988.64      0.00

  Totals          130,995,545.29                      595,481.62    0.00       0.00        595,481.62     63,793.37              531,688.25  0.00

Notional Classes

X                 100,381,414.87        0.381874%     31,944.19     0.00       0.00        31,944.19      0.00                   31,944.19   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         33,064,683.05 832,799.54    0.00       0.00        0.00           32,231,883.51          0.00

A2                2,934,864.00          3,058,170.54  0.00          14,016.61  0.00        0.00           3,072,187.15           0.00

A3                23,799,955.00         22,308,208.37 355,602.03    0.00       0.00        0.00           21,952,606.34          0.00

A4                30,273,492.00         24,485,680.17 803,152.62    0.00       0.00        0.00           23,682,527.55          0.00

A5                15,020,402.00         12,998,302.40 321,876.30    0.00       0.00        0.00           12,676,426.10          0.00

A6                4,414,329.00          4,599,794.36  0.00          21,082.39  0.00        0.00           4,620,876.75           0.00

A7                6,008,161.00          6,260,590.24  0.00          28,694.37  0.00        0.00           6,289,284.61           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          1,072,282.15  9,898.08      0.00       0.00        0.00           1,062,384.07           0.00

R                 100.00                0.00          0.00          0.00       0.00        0.00           0.00                   0.00

B1                6,821,469.00          6,758,688.19  7,184.30      0.00       0.00        0.00           6,751,503.89           0.00

B2                798,257.00            790,910.36    840.72        0.00       0.00        0.00           790,069.64             0.00

B3                362,844.00            359,504.62    382.14        0.00       0.00        0.00           359,122.48             0.00

B4                290,275.00            287,603.49    305.71        0.00       0.00        0.00           287,297.78             0.00

B5                217,706.00            215,702.36    229.29        0.00       0.00        0.00           215,473.07             0.00

B6                217,706.20            215,702.99    229.28        0.00       0.00        0.00           215,473.71             0.00

  Totals          144,049,100.61        130,995,545.292,332,500.01  526,745.06 2,331,353.590.00           128,726,838.65         0.00

Collateral Summary

ASSET
CHARACTERISTICS

                  Cut-Off               Prior         Current

Aggregate Stated
Principal Balance 145,137,631.81        130,995,545.29128,726,838.65

Loan Count        303                   278           273

Weighted Average
Coupon Rate (WAC) 6.040691%             6.010666%     6.011273%

Net Weighted
Average Coupon    5.777682%             5.747607%     5.748205%
Rate (Net WAC)

Weighted Average
Maturity (WAM in  358                   350           349
months)

AVAILABLE
PRINCIPAL         AVAILABLE INTEREST

PO Principal      Total Principal
Scheduled Interest656,142.06
310.73            71,633.92
Less:             Servicing Fees        27,290.66
Trustee Fees      1,364.60
Uncompensated PPIS0.00
Relief Act
Shortfall         0.00
Extraordinary
Trust Fund        0.00
Expenses
Primary Mortgage
Insurance         60.99

TOTAL AVAILABLE
INTEREST          627,425.81
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 Balance0.0000%               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 62,948.45

Other Information

Has the Credit
Support Depletion No
Date Been Reached?

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

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 Summary2
3000 Leadenhall
Road

Delinquency
Information       2

Trustee           Citibank, N.A.
Other Information 2

New York, NY
10013

Deal Contact:     Kristen Driscoll      Citibank, N.A.
kristen.driscoll@citigroup.com          Agency and
                                        Trust
Tel: (212)                              388 Greenwich
816-5681                                Street, 14th
                                        Floor
Fax: (212)                              New York, NY
816-5527                                10013

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                  www.sf.citidirect.com 2004 Citigroup

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