Home Equity Loan Trust Series, 2004-HE1 Monthly Report for Distribution dated Jan 17, 2017 Global Corporate Trust Services
Home Equity Loan Trust Series, 2004-HE1 DISTRIBUTION PACKAGE TABLE OF CONTENTS Statement to Certificate Holders Page 1 First Distribution Date: Settlement Date: Cutoff Date: DATES February 15, 2004 January 06, 2004 January 01, 2004 PARTIES TO THE TRANSACTION Servicer(s): Ocwen Loan Servicing, LLC Certificate Insurer(s): Underwriter(s): Credit Suisse Securities (USA) LLC ADMINISTRATOR Name: Title: Phone: Fax: Email: Address: Kristy Le Account Administrator (651)-466-5029 kristy.le@usbank.com 60 Livingston Ave Suite 800, St. Paul, MN 55107 Website: The Trustee, at the direction of the Depositor, and based upon information provided in the Mortgage Loan Schedule or by the Servicer, is furnishing this information to each Certificateholder. The Depositor and/or the Servicer may discontinue the furnishing of this Supplemental Report (other than the Payment Date Statement), or may change its format, at any time and without notice to any Certificateholder. While the above parties have undertaken efforts to ensure the reasonable accuracy of this information, this information has not been audited and the parties make no representation as to the accuracy or completeness of the information.
Asset Home Backed Equity Securities Loan Trust Corporation Series, Home 2004-HE1 Equity Loan Trust Distribution Distribution Date: Date: Jan 17, Jan 2017 17, 2017 Original Beginning Interest Ending Certificate Certificate Principal Interest Realized Loss Shortfall Total Certificate Class Cusip Face Value Balance (1) Distribution Distribution (2) of Principal Amount Distribution Balance (1) A-1 04541GHG0 270,400,000.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 A-2 04541GHH8 221,300,000.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 A-3 04541GHJ4 125,460,000.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 A-IO 04541GHK1 81,900,000.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 M-1 04541GHL9 44,610,000.00 18,153,971.45 440,936.46 29,186.73 0.00 0.00 470,123.19 17,713,034.99 M-2 04541GHM7 39,040,000.00 2,593,424.49 62,990.92 7,557.19 0.00 0.00 70,548.11 2,530,433.57 M-3 04541GHN5 11,150,000.00 234,032.94 65,035.16 746.33 0.00 0.00 65,781.49 168,997.78 M-4 04541GHP0 11,150,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-5 04541GHQ8 11,150,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-6 04541GHR6 9,310,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 P 04541GHE5 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X 04541GHD7 0.00 3,717,852.00 0.00 0.00 0.00 0.00 0.00 3,686,900.99 R 04541GHF2 0.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 B-IO 04541GHC9 57,600,000.00 0.00 0.00 0.00 N/A 0.00 0.00 0.00 Total 743,570,100.00 20,981,428.88 568,962.54 37,490.25 0.00 0.00 606,452.79 20,412,466.34 (1) Classes A-IO, B-IO and X are IO Certs, and the Balances reflected for these Certs are Notional Amounts (2) Includes Prepayment Penalties for Class P and reimbursed Unpaid Realized Losses *Strip Amount for this period $0.00 Interest Ending Current Next* Principal Interest Carry-forward Total Certificate Pass-Through Pass-Through Class Distribution Distribution Amount Distribution Balance Class Interest Rate Interest Rate A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-1 1.46389% 1.52722% A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 1.46389% 1.52722% A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-3 1.50389% 1.56722% A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00000% 0.00000% M-1 9.88425151 0.65426429 0.00000000 10.53851580 397.06422304 M-1 1.75389% 1.81722% M-2 1.61349693 0.19357556 0.00000000 1.80707249 64.81643366 M-2 3.17889% 3.24222% M-3 5.83274978 0.06693543 0.00000000 5.89968520 15.15675157 M-3 3.47889% 3.54222% M-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-4 3.85389% 3.91722% M-5 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-5 4.60389% 4.66722% M-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-6 4.63914% 4.76722% P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P N/A N/A X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X 0.00000% 0.00000% R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00000% 0.00000% B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000% 0.00000% LIBOR 0.70389% 0.76722% *estimated Page 1 of 5
Asset Backed Home Securities Equity Loan Corporation Trust Series, Home 2004-HE1 Equity Loan Trust Jan 17, 2017 (i) GROUP 1 GROUP 2 GROUP 3 TOTAL Principal Distributions: Beginning Balance 12,505,229.60 8,846,675.86 3,347,375.42 24,699,280.88 Scheduled Principal 43,023.04 29,658.31 7,302.85 79,984.20 Prepayments (Includes Curtailments) 372,484.34 2,234.20 55,931.76 430,650.30 Net Liquidation Proceeds 0.00 0.00 0.00 0.00 Loan Principal Purchase Prices 0.00 0.00 0.00 0.00 Total Principal Remittance 415,507.38 31,892.51 63,234.61 510,634.50 Net Realized Losses 89,279.05 0.00 0.00 89,279.05 Ending Balance 12,000,443.17 8,814,783.35 3,284,140.81 24,099,367.33 Ending Count 154 110 22 286 (ii) Aggregate Ending Collateral Balance 24,099,367.33 (iii) Ending Overcollateralization Amount 3,686,900.99 (iv) Number of Liquidated Loans 0 (v) (vi) Interest Distributions: Scheduled Interest - Net of Servicing Fee 51,760.19 35,160.71 10,957.39 97,878.29 Less Relief Act Interest Shortfall 0.00 0.00 0.00 0.00 Less Net Prepayment Interest Shortfall 0.00 0.00 0.00 0.00 51,760.19 35,160.71 10,957.39 97,878.29 Servicing Fee: GROUP 1 4,811.22 GROUP 2 3,429.66 GROUP 3 1,094.21 TOTAL 9,335.09 (vii) Advances Current Aggregate Advances as of determination date 155,722.32 Outstanding Aggregate Advances as of end of prior calendar month 324,902.84 Page 2 of 5
Asset Backed Home Securities Equity Corporation Loan Trust Series, Home Equity 2004-HE1 Loan Trust Distribution Distribution Date: Date: Jan Jan 17, 17, 2017 (ix) Delinquency Information 30-59 days delinquent 60-89 days delinquent 90 or more days delinquent Count Balance Count Balance Count Balance Group 1 7 394,822.95 2 152,462.69 3 178,198.64 Group 2 3 193,056.13 2 289,737.06 4 337,177.94 Group 3 1 284,080.31 0 0.00 1 18,727.05 Total 11 871,959.39 4 442,199.75 8 534,103.63 *Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties. Outstanding Loans Foreclosure Bankruptcy REO Count Balance Count Balance Count Balance Count Balance Market Value Group 1 154 12,000,443.17 3 422,628.62 6 361,096.80 0 0.00 0.00 Group 2 110 8,814,783.35 4 281,901.15 3 176,760.39 1 83,620.17 0.00 Group 3 22 3,284,140.81 1 354,435.60 2 585,435.30 0 0.00 0.00 Total 286 24,099,367.33 8 1,058,965.37 11 1,123,292.49 1 83,620.17 0.00 Interest Shortfall Prepayment Relief Act Net Net Net Total Realized Interest Interest WAC WAC WAC Unpaid Losses Shortfall Shortfall Carryover Covered Remaining A-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-3 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-4 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-5 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M-6 0.00 0.00 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 0.00 BIO 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (x) Number of Loans for which Prepayment Premiums were collected 0 Number of Loans for which Prepayment Premiums were scheduled 0 Principal Balance of Loans for which Prepayment Premiums were collected 0.00 Current amount of Prepayment Premiums 0.00 Current Forgiven Principal* 0.00 Aggregate Forgiven Principal* 233,243.51 Current Deferred Principal (allocated as loss)** 89,279.05 Aggregate Deferred Principal (allocated as loss)** 1,527,325.40 * In the absence of specific guidance in the governing documents, forgiveness of principal agreed to and reported by a Servicer in connection with a loan treated as a Realized Loss, and will be included in such reported amounts and related calcula ** In the absence of specific provisions in the governing documents and consistent with the information provided by the Servicer that the Servicer is following the guidance issued the Department of Treasury, deferred principal agreed to and reporte as a loss by the Servicer in connection with a loan modification will be treated as a Realized Loss, and will be included in such reported amounts and related calculations. Page 3 of 5
Asset Backed Home Securities Equity Loan Corporation Trust Series, Home 2004-HE1 Equity Loan Trust Jan 17, 2017 GROUP 1 GROUP 2 GROUP 3 TOTAL (xi) Realized Losses incurred during the related Due Period 89,279.05 0.00 0.00 89,279.05 Cumulative Realized Losses since Startup Day 10,574,271.41 7,440,118.57 1,355,088.27 19,369,478.25 Balance of Current Liquidated Loans 0.00 Cumulative Balance of Liquidated Loans 34,922,050.72 (xii) Weighted Average Term to Maturity of Mortgage Loans 190 Weighted Average Gross Coupon of Mortgage Loans 5.60306% Weighted Average Net Coupon of Mortgage Loans 5.10306% (xiii) Aggregate number of Mortgage Loans in the pool 286 (xiv) Overcollateralization Target Amount 3,717,852.00 (xv) Credit Enhancement Percentage 102.48933% (xvi) Overcollateralization Increase Amount 58,328.04 (xvii) Overcollateralization Release Amount 0.00 (xviii) Overcollateralization Deficiency Amount 89,279.05 (xix) Excess Overcollateralized Amount 0.00 (xx) Payment from Yield Maintenance Agreement 0.00 (xxi) Net Monthly Excess Cash Flow 58,328.04 (xxii) Extraordinary Trust Fund Expenses 2,060.00 (xxiii) Trigger Event Occurence NO (xxiv) Step Down Date Occurred YES (xxv) Class A-IO Net WAC Rate 5.10306% (xxvi) Class B-IO Cap Rate 5.10306% (xxvii) Available Distribution Amount 608,512.79 (xxviii) Deposit to Net WAC Reserve Fund 0.00 Page 4 of 5
Home Equity Loan Trust Series, 2004-HE1 I. CASH RECONCILIATION A. Computed Information Total Total Collections - per Servicer Report 608,512.79 B. Cash Receipts from Servicer, net of servicer fees 608,512.79 Difference between A and B 0.00 II. DISTRIBUTION SUMMARY AND RECONCILIATION A. Amounts Distributed (PSA Section 4.02): PSA Section 4.02 Deposits to Net WAC Reserve Fund (not including Interest Income) 0.00 Strip Amount 0.00 Extraordinary Trust Fund Expenses 2,060.00 Class A -1 0.00 Class A -2 0.00 Class A -3 0.00 Class A-IO 0.00 Class M-1 470,123.19 Class M-2 70,548.11 Class M-3 65,781.49 Class M-4 0.00 Class M-5 0.00 Class M-6 0.00 Class P 0.00 Class X 0.00 Class R 0.00 Class B-IO 0.00 Period 1, Excess Cash to CSFB 0.00 Total Amount Distributed: 608,512.79 B. Amounts Available: Cash Receipts from Servicer, net of service fees 608,512.79 Cash Receipts from CSFB 0.00 Withdrawals from Early Termination Fund 0.00 Withdrawals from Net WAC Reserve Fund 0.00 608,512.79 Difference between A and B 0.00 Interest Income- Net Wac Reserve Fund 0.00 HAMP investor incentive, cost share and depreciation funds included in remittance and available funds: 4,383.90 Accrued and Unpaid Trust Expenses 0.00 Page 5 of 5