Sample Servicer Statement

8/8/2019 Sample Servicer Statement

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Outside Parties To The Transaction Contact Information:

Payment Date: 26-Nov-10

Prior Payment: 25-Oct-10 Administrator: Michael Chiappetta 312.992.5790Next Payment: 27-Dec-10 [email protected]

Record Date: 24-Nov-10 Bank of America Merrill Lynch Website: www.etrustee.net

Distribution Count: 75

Closing Date: 31-Aug-04 For the monthly statement to certificateholders (all deals):

First Pay. Date: 27-Sep-04

Rated Final Payment Date: 26-Jun-34 EMC intends, but is not obligated, to make an electronic file containing

Determination Date: 15-Nov-10 updated loan level data with respect to the mortgage loans that are

primary serviced by EMC ("Loan Level Data") available via its website at

Delinq Method: OTS www.emcmortgagecorp.com. All persons wishing to access this

information will be required to register and obtain a password through

the website. All investors are eligible to obtain a password upon request.

Assistance in using EMC's website can be obtained by emailing EMC at

[email protected] .

The Loan Level Data will include fields as determined by EMC.

The Loan Level Data will not include any personally identifiable

information, including but not limited to: borrower name, borrower

address, property address, borrower social security number, and

originator's loan account number. As determined by EMC in its sole

discretion, the content and format of the Loan Level Data may be modified

at any time, and the posting of the Loan Level Data may be discontinued

at any time. EMC will not be required to provide the Loan Level Data in

paper form.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Standard & Poor's Ratings Services/Moody's Investors

Service, Inc.

Issuer: Bear Stearns & Co. Inc.

Depositor: Bear Stearns Asset Backed Securities, Inc.

Underwriter: Bear Stearns Asset Backed Securities, Inc.

Distribution Date: 26-Nov-10

Bear Stearns Asset Backed Securities I LLC

Asset-Backed Certificates

Series 2004-FR2

23-Nov-2010 09:58 2010 Bank of America Corporation


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Series 2004-FR2

Contents: Pages

Statement to Certificate Holders 3

Statement to Certificate Holders (Factors) 4

Pool/Non-Pool Funds Cash Reconciliation 5Cash Reconciliation Summary 6-7

Pool Detail and Performance Indicators 8-10

Bond Interest Reconciliation Part I 11

Bond Interest Reconciliation Part II 12

Bond Principal Reconciliation 13

Rating Information 14

End of Month Balance Reporting 15-16

15 Month Loan Status Summary Part I 17-27

15 Month Loan Status Summary Part II 28-38

15 Month Historical Payoff Summary 39-43

Prepayment Summary 44Mortgage Loan Characteristics Part I 45

Mortgage Loan Characteristics Part II 46-48

Geographic Concentration 49

Current Period Realized Loss Detail 50

Historical Realized Loss Summary 51-59

Realized Loss Summary 60

End of Month Balances-Mod 61-62

Modified Loan Detail (Current Period) Part I 63-65

Modified Loan Detail (Current Period) Part II 66-68

Historical Modification Loan Summary 69-77

Cumulat ive Summary For Prior Modif icat ions 78-80

Deferred Balance Detail 81-83

Repurchase Loan Detail (Current Period) 84-86

Substitution Detail History 87

Substitution Detail History Summary 88

Table of Contents

23-Nov-2010 09:58 2010 Bank of America Corporation


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I-A-1 073879FC7 96,889,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.4662500000%

I-A-2 073879FD5 32,363,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.7762500000%

II-A 073879FE3 243,910,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.5162500000%

M-1 073879FF0 30,276,000.00 8,050,058.35 0.00 0.00 0.00 8,050,058.35 6,484.77 0.00 0.9062500000%

M-2 073879FG8 8,214,000.00 8,214,000.00 0.00 0.00 0.00 8,214,000.00 6,835.87 0.00 0.9362500000%

M-3 073879FH6 16,428,000.00 16,428,000.00 0.00 0.00 0.00 16,428,000.00 21,265.13 0.00 1.4562500000%

M-4 073879FJ2 7,041,000.00 7,041,000.00 0.00 0.00 0.00 7,041,000.00 10,365.92 0.00 1.6562500000%

M-5 073879FK9 5,867,000.00 1,814,118.40 178,230.97 0.00 0.00 1,635,887.43 3,235.18 0.00 2.0062500000%

M-6 073879FL7 5,867,000.00 1,181,660.32 5,069.14 0.00 0.00 1,176,591.18 2,264.85 0.00 2.1562500000%

M-7 073879FM5 4,694,000.00 945,328.25 4,055.31 0.00 0.00 941,272.94 3,282.39 0.00 3.9062500000%

M-8A 073879FN3 4,694,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.2562500000%

M-8B 073879FP8 4,694,000.00 1,462,280.18 172,196.76 0.00 0.00 1,290,083.42 5,532.29 0.00 4.2562500000%

CE 073879FQ6 8,449,026.79 2,129,967.18 0.00 (156,786.58) 0.00 2,286,753.76 0.00 (8,157.84) N/A

P 073879FR4 100.00 100.00 0.00 0.00 0.00 100.00 0.00 0.00 0.0000000000%

R-I 073879FS2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0000000000%

R-II 073879FT0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0000000000%

R-III 9ABSR8588 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0000000000%

R-X 073879FU7 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0000000000%

Total 469,386,126.79 47,266,512.68 359,552.18 (156,786.58) 0.00 47,063,747.08 59,266.40 (8,157.84)

Total P&I Payment 418,818.58

Interest Payment(2)

Interest

Adjustment

Pass-Through

Rate

(1)N denotes notional balance not included in total

(2)Accrued Interest plus/minus Interest Adjustment minus Deferred Interest equals Interest Payment

Principal Payment

Principal

Adjustment or Loss Deferred Interest

Ending Certificate

BalanceClass CUSIP

Original Face Value(1)

Beginning

Certificate Balance


Bond Payments



Series 2004-FR2

Page 3 of 8823-Nov-2010 09:57 2010 Bank of America Corporation


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Interest Summary Principal Summary Cap Agreement

Interest Summary Principal Summary Class A-1 0.00

Scheduled Interest 260,107.45 Scheduled Prin Distribution 67,870.37 Class A-2 0.00Fees 19,809.23 Curtailments 1,818.68 Class M 0.00

Remittance Interest 240,298.22 Prepayments in Full 115,354.68 Swap Agreement

Other Interest Proceeds/Shortfalls Liquidation Proceeds 0.00

Prepayment Penalties 0.00 Repurchase Proceeds 0.00 Net Swap payment payable to the Swap

Other Interest Loss (1,325.68) Other Principal Proceeds 0.00 Administrator 0.00

Other Interest Proceeds 1,402.31 Remittance Principal 185,043.73 Net Swap payment payable to the Swap 0.00

Non-advancing Interest (6,600.00) Provider

Net PPIS/Relief Act Shortfall 0.00 Swap Termination payment payable to the Swap

Modification Shortfall 0.00 Administrator 0.00

Other Interest Proceeds/Shortfal ls (6,523.37) Swap Termination payment payable to the Swap 0.00

Interest Adjusted 233,774.85 Provider

Fee Summary

Total Servicing Fees 19,655.61

Total Trustee Fees 153.62

LPMI Fees 0.00

Credit Manager's Fees 0.00

Misc. Fees / Trust Expense 0.00

Insurance Premium 0.00

Total Fees 19,809.23

P&I Due Certificate Holders 418,818.58

Pool Source of Funds Non-Pool Source of Funds

- P&I Advances as of the end of the Due Period do not reflect the amount of advances remitted by the Servicer on the Servicer Remittance Date due to additional proceeds received between the end of the Due Period and the Servicer Remittance Date and netted from the P&I Advances stated as of the end of the Due Period.

- Total Servicing Advances = Total Deferred Balance + Total Advances (Principal & Interest)


Cash Reconciliation Summary



Series 2004-FR2



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Fixed 1st Lien Fixed 2nd Lien 228 ARM 327 ARM Total

Interest Summary

Scheduled Interest 80,866.92 2,090.54 12,597.59 2,277.11 97,832.17

Fees 6,489.66 95.72 863.40 193.06 7,641.85

Remittance Interest 74,377.27 1,994.82 11,734.19 2,084.05 90,190.32

Other Interest Proceeds/Shortfalls

Prepayment Penalties 0.00 0.00 0.00 0.00 0.00

Other Interest Loss 0.00 (1,175.68) 0.00 0.00 (1,175.68)

Other Interest Proceeds 301.62 558.17 0.00 0.00 859.79

Non-advancing Interest 0.00 (986.11) (431.93) 0.00 (1,418.04)

Net PPIS/Relief Act Shortfall 0.00 0.00 0.00 0.00 0.00

Modification Shortfall 0.00 0.00 0.00 0.00 0.00

Other Interest Proceeds/Shortfalls 301.62 (1,603.62) (431.93) 0.00 (1,733.93)

Interest Adjusted 74,678.89 391.20 11,302.26 2,084.05 88,456.39

Principal Summary

Scheduled Principal Distribution 21,517.85 638.88 2,087.15 177.65 24,421.53

Curtailments 533.24 134.29 0.00 0.00 667.53

Prepayments in Full 111,620.33 3,734.35 0.00 0.00 115,354.68

Liquidation Proceeds 0.00 0.00 0.00 0.00 0.00

Repurchase Proceeds 0.00 0.00 0.00 0.00 0.00

Other Principal Proceeds 0.00 0.00 0.00 0.00 0.00

Less Mod Losses 0.00 0.00 0.00 0.00 0.00

Remittance Principal 133,671.42 4,507.52 2,087.15 177.65 140,443.74

Fee Summary

Total Servicing Fees 6,439.28 94.98 856.72 191.57 7,582.56Total Trustee Fees 50.37 0.74 6.68 1.49 59.29

LPMI Fees 0.00 0.00 0.00 0.00 0.00

Misc. Fees / Trust Expense 0.00 0.00 0.00 0.00 0.00

Total Fees 6,489.66 95.72 863.40 193.06 7,641.85

Beginning Principal Balance 15,499,719.94 227,959.60 2,056,129.05 459,769.50 18,243,578.09

Ending Principal Balance 15,366,048.52 205,730.20 2,054,041.90 459,591.85 18,085,412.47

Advances (Principal & Interest)

Prior Month's Outstanding Advances 291,931.02 6,339.36 90,785.52 2,263.11 391,319.01

Current Advances N/A 1,643.45 N/A N/A 1,643.45Reimbursement of Prior Advances N/A 3,015.56 N/A N/A 3,015.56

Outstanding Advances 318,234.19 4,967.25 96,433.03 2,263.18 421,897.65


Cash Reconciliation Summary Group 1 Loans



Series 2004-FR2



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Series 2004-FR2

Fixed 1st Lien Fixed 2nd Lien 228 ARM 327 ARM Total

Interest Summary

Scheduled Interest 103,870.82 3,765.26 46,036.05 8,603.14 162,275.28

Fees 8,151.75 198.42 3,219.70 597.51 12,167.38

Remittance Interest 95,719.07 3,566.84 42,816.35 8,005.63 150,107.90

Other Interest Proceeds/Shortfalls

Prepayment Penalties 0.00 0.00 0.00 0.00 0.00

Other Interest Loss (150.00) 0.00 0.00 0.00 (150.00)

Other Interest Proceeds 0.00 234.16 308.36 0.00 542.52

Non-advancing Interest 0.00 (1,143.68) (4,038.28) 0.00 (5,181.96)

Net PPIS/Relief Act Shortfall 0.00 0.00 0.00 0.00 0.00

Modification Shortfall 0.00 0.00 0.00 0.00 0.00

Other Interest Proceeds/Shortfalls (150.00) (909.52) (3,729.92) 0.00 (4,789.44)

Interest Adjusted 95,569.07 2,657.32 39,086.43 8,005.63 145,318.46

Principal Summary

Scheduled Principal Distribution 32,357.68 1,130.87 8,327.99 1,632.30 43,448.84

Curtailments 747.17 109.64 294.34 0.00 1,151.15

Prepayments in Full 0.00 0.00 0.00 0.00 0.00

Liquidation Proceeds 0.00 0.00 0.00 0.00 0.00

Repurchase Proceeds 0.00 0.00 0.00 0.00 0.00

Other Principal Proceeds 0.00 0.00 0.00 0.00 0.00

Less Mod Losses 0.00 0.00 0.00 0.00 0.00

Remittance Principal 33,104.85 1,240.51 8,622.33 1,632.30 44,599.99

Fee Summary

Total Servicing Fees 8,088.66 196.88 3,194.63 592.89 12,073.06Total Trustee Fees 63.09 1.54 25.07 4.62 94.32

LPMI Fees 0.00 0.00 0.00 0.00 0.00

Misc. Fees / Trust Expense 0.00 0.00 0.00 0.00 0.00

Total Fees 8,151.75 198.42 3,219.70 597.51 12,167.38

Beginning Principal Balance 19,412,781.44 472,519.13 7,714,608.24 1,422,925.79 29,022,834.60

Ending Principal Balance 19,379,676.59 471,278.62 7,705,985.91 1,421,293.49 28,978,234.61

Advances (Principal & Interest)

Prior Month's Outstanding Advances 457,529.44 8,232.47 884,866.77 14,543.19 1,365,171.87

Current Advances N/A N/A N/A N/A N/AReimbursement of Prior Advances N/A N/A N/A N/A N/A

Outstanding Advances 487,800.88 7,567.93 914,785.91 15,368.52 1,425,523.24

Cash Reconciliation Summary Group 2 Loans



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9/88




Series 2004-FR2

Pool Detail Performance Indicators

Factors Impacting Principal Payment Rules WA Rates/Remaining Term

Historical Amount Count Delinquency Levels Num Den % Fixed Adj Overall

Cut-off Pool Balance 162,581,322.68 783 3 mo. Rolling Average 4,286,781 18,200,913 23.55% WAC - Remit Current 5.84% 7.09% 5.94%

Cum Scheduled Principal 3,455,892.66 6 mo. Rolling Average 4,445,439 18,289,563 24.31% WAC - Remit Original 6.76% 5.75% 6.12%Cum Unscheduled Principal 135,526,385.38 12 mo. Rolling Average 4,661,927 18,784,140 24.82% WAC - Current 6.33% 7.09% 6.44%

Cum Liquidations 5,589,802.64 Loss Levels Amount Count WAC - Original 7.26% 6.26% 6.62%

Cum Repurchases 0.00 0 3 mo. Cum Loss 54,897.56 3 WAMM - Current 279.45 281.94 279.79

6 mo. Cum loss 162,085.84 8 WAMM - Original 328.80 355.91 345.94

Current Amount Count % 12 mo. Cum Loss 592,485.21 11

Beginning Pool 18,243,578.09 8 7 11.22% Current Index Rate

Scheduled Principal 24,421.53 0.02%

Unscheduled Principal 116,022.21 2 0.07%

Liquidations 17,721.88 1 0.01%

Repurchases 0.00 0 0.00%Ending Pool 18,085,412.47 84 11.12%

Average Loan Balance 215,302.53

Current Loss Detail Amount

Liquidation 17,721.88 Pool Composition

Realized Loss 18,897.56

Realized Loss Adjustment 0.00 Properties %/Score

Net Liquidation (1,175.68)

Cash Out/Refinance 59.90%

SFR 80.95%

Min Max WA

FICO 502 805 644.12

N/A

Pool Detail and Performance Indicators Group 1 Loans

Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark (7) Condn: Distn Cnt > 36, (4) > (5)

(2) (1) > (6) * (4), then TRUE (4) Mezzanine Certs + OC Amount / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)

Owner Occupied 157,165,228.07 96.67%

Balance

97,392,501.37

131,615,611.86

Misc/Additional Information

Pool Level Information



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Series 2004-FR2

Pool Detail Performance Indicators

Factors Impacting Principal Payment Rules WA Rates/Remaining Term

Historical Amount Count Delinquency Levels Num Den % Fixed Adj Overall

Cut-off Pool Balance 306,804,704.11 1,962 3 mo. Rolling Average 10,821,727 29,033,014 37.27% WAC - Remit Current 5.99% 7.16% 6.21%

Cum Scheduled Principal 6,618,367.70 6 mo. Rolling Average 10,713,504 29,319,898 36.54% WAC - Remit Original 6 .78% 6.42% 6.51%Cum Unscheduled Principal 256,427,391.77 12 mo. Rolling Average 11,195,299 30,064,389 37.24% WAC - Current 6.49% 7.16% 6.70%

Cum Liquidat ions 14,733,210.05 Loss Levels Amount Count WAC - Original 7.28% 6.92% 7.01%

Cum Repurchases 0.00 0 3 mo. Cum Loss 49,448.12 6 WAMM - Current 274.70 281.86 276.95

6 mo. Cum loss 562,635.47 14 WAMM - Original 328.14 355.87 349.05

Current Amount Count % 12 mo. Cum Loss 1,315,772.97 21

Beginning Pool 29,022,834.60 176 9.46% Current Index Rate

Scheduled Principal 43,448.84 0.01%

Unscheduled Principal 1,151.15 0 0.00%

Liquidations 0.00 0 0.00%

Repurchases 0.00 0 0.00%Ending Pool 28,978,234.61 176 9.45%

Average Loan Balance 164,649.06

Current Loss Detail Amount

Liquidation 0.00 Pool Composition

Realized Loss 0.00

Realized Loss Adjustment 0.00 Properties %/Score

Net Liquidation 0.00

Cash Out/Refinance 65.31%

SFR 74.27%

Min Max WA

FICO 483 805 629.71

Pool Detail and Performance Indicators Group 2 Loans

200,376,286.70

227,865,209.94

Misc/Additional Information

Pool Level Information

N/A

Legend: (1) 60 Days+, REO, BK, F/C % (3) Condn: Cum Loss > specified thresholds (5) Defined Benchmark (7) Condn: Distn Cnt > 36, (4) > (5)

(2) (1) > (6) * (4), then TRUE (4) Mezzanine Certs + OC Amount / Ending Pool Bal (6) Defined Benchmark (Used in Delinq Event Calc)

Owner Occupied 286,526,140.84 93.39%

Balance



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I-A-1 0.00 0.466250000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

I-A-2 0.00 0.776250000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

II-A 0.00 0.516250000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

M-1 Act/360 32 8,050,058.35 0.906250000% 6,484.77 0.00 0.00 6,484.77 6,484.77 0.00 0.00 0.00 0.00 No

M-2 Act/360 32 8,214,000.00 0.936250000% 6,835.87 0.00 0.00 6,835.87 6,835.87 0.00 0.00 0.00 0.00 No

M-3 Act/360 32 16,428,000.00 1.456250000% 21,265.13 0.00 0.00 21,265.13 21,265.13 0.00 0.00 0.00 0.00 No

M-4 Act/360 32 7,041,000.00 1.656250000% 10,365.92 0.00 0.00 10,365.92 10,365.92 0.00 0.00 0.00 0.00 No

M-5 Act/360 32 1,814,118.40 2.006250000% 3,235.18 0.00 0.00 3,235.18 3,235.18 0.00 0.00 0.00 0.00 No

M-6 Act/360 32 1,181,660.32 2.156250000% 2,264.85 0.00 0.00 2,264.85 2,264.85 0.00 0.00 0.00 0.00 No

M-7 Act/360 32 945,328.25 3.906250000% 3,282.39 0.00 10.87 3,282.39 3,282.39 0.00 0.00 3,142.45 0.00 NoM-8A 0.00 4.256250000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

M-8B Act/360 32 1,462,280.18 4.256250000% 5,532.29 0.00 22.66 5,532.29 5,532.29 0.00 0.00 6,013.19 0.00 No

CE 2,129,967.18 N/A 8,157.84 0.00 0.00 1,368,695.95 0.00 0.00 0.00 0.00 0.00 N/A

P 100.00 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

R-I 0.00 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

R-II 0.00 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

R-III 0.00 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

R-X 0.00 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N/A

Total 47,266,512.68 67,424.24 0.00 33.54 1,427,962.35 59,266.40 0.00 0.00 9,155.64 0.00

Remaining Basis

Risk Carry-Fwd

Shortfall *

Outstanding Relief

Act / Prepayment

Interest Shortfalls

Net Cap

Rate in

Effect Y/N

* Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Distributable

Certificate

Interest

Interest Payment

Amount

Current Period

(Shortfall) /

Recovery

Remaining Int

Carry-Forward

Shortfall

Accrual Outstanding

Class Method Days Open ing Balance Pass-Thru Rate

Accrual Certificate

Interest

Total Interest

Additions

Total Interest

Deductions


Bond Interest Reconciliation - Part I



Series 2004-FR2



12/88

I-A-1 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

I-A-2 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

II-A 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-1 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-2 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-3 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-4 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-5 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-6 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-7 24-Nov-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.87

M-8A 29-Oct-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

M-8B 29-Oct-10 25-Oct-10 25-Nov-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 22.66

CE 29-Oct-10 1-Oct-10 31-Oct-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

P 29-Oct-10 1-Oct-10 31-Oct-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

R-I 29-Oct-10 1-Oct-10 31-Oct-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

R-II 29-Oct-10 1-Oct-10 31-Oct-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

R-III 29-Oct-10 1-Oct-10 31-Oct-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

R-X 29-Oct-10 1-Oct-10 31-Oct-10 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 33.54

Current Basis Risk

Carry-Fwd Shortfall

*

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

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

Prior Shortfall

Reimbursement

Other Interest

Proceeds(1)

Other Interest

Losses

Current Int Carry-

Fwd Shortfall(2)

Additions Deductions

Class Record Date

Accrual Period

Begin Date

Accrual Period End

Date

Prior Int Carry-Fwd

Shortfall

Interest Rate

SWAP Agreement

Deposits from YM

Agreement

Prepayment

Premiums


Bond Interest Reconciliation - Part II



Series 2004-FR2



13/88

I-A-1 96,889,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25-Jan-29 N/A N/A

I-A-2 32,363,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26-Jun-34 N/A N/A

II-A 243,910,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26-Jun-34 N/A N/A

M-1 30,276,000.00 8,050,058.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,050,058.35 26-Jun-34 N/A N/A

M-2 8,214,000.00 8,214,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,214,000.00 26-Jun-34 N/A N/A

M-3 16,428,000.00 16,428,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16,428,000.00 26-Jun-34 N/A N/A

M-4 7,041,000.00 7,041,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,041,000.00 26-Jun-34 N/A N/A

M-5 5,867,000.00 1,814,118.40 67,870.37 110,360.60 0.00 0.00 0.00 0.00 0.00 1,635,887.43 26-Jun-34 N/A N/A

M-6 5,867,000.00 1,181,660.32 0.00 5,069.14 0.00 0.00 0.00 0.00 0.00 1,176,591.18 26-Jun-34N/A N/A

M-7 4,694,000.00 945,328.25 0.00 1,743.62 2,311.69 0.00 0.00 0.00 0.00 941,272.94 26-Jun-34 N/A N/A

M-8A 4,694,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26-Dec-30 N/A N/A

M-8B 4,694,000.00 1,462,280.18 0.00 0.00 172,196.76 0.00 0.00 0.00 0.00 1,290,083.42 26-Jun-34 N/A N/A

CE 8,449,026.79 2,129,967.18 0.00 0.00 0.00 0.00 (156,786.58) 6,162,194.71 0.00 2,286,753.76 26-Jun-34 N/A N/A

P 100.00 100.00 0 .00 0.00 0 .00 0 .00 0.00 0 .00 0 .00 100.00 26-Jun-34 N/A N/A

R- I 0 .00 0.00 0 .00 0.00 0.00 0 .00 0.00 0 .00 0 .00 0.00 25-Jan-29 N/A N/A

R- II 0 .00 0.00 0 .00 0.00 0.00 0 .00 0.00 0 .00 0 .00 0.00 26-Jun-34 N/A N/A

R- II I 0 .00 0.00 0 .00 0.00 0.00 0 .00 0.00 0 .00 0 .00 0.00 26-Jun-34 N/A N/A

R-X 0 .00 0.00 0 .00 0.00 0.00 0 .00 0.00 0 .00 0 .00 0.00 26-Jun-34 N/A N/A

Total 469,386,126.79 47,266,512.68 67,870.37 117,173.36 174,508.45 0.00 (156,786.58) 6,162,194.71 0.00 47,063,747.08

Rated

Final

Maturit y Original Current

Current

Losses

Cumulative

Losses

Interest on

Losses

Ending

Class Balance

Losses Credit Support

Class

Original Class

Balance

Beginning Class

Balance

Scheduled Principal

Payment

Unscheduled

Principal

Payment

Extra

Principal

Payment

Prior

Loss

Reimburs.


Bond Principal Reconciliation



Series 2004-FR2



14/88

Class CUSIP Fitch Moody's DBRS S&P

I-A-1 073879FC7 NR Aaa NR AAA WR 25-Jun-06 NR 11-Sep-06I-A-2 073879FD5 NR Aaa NR AAA WR 26-Feb-07 NR 8-Aug-07

II-A 073879FE3 NR Aaa NR AAA WR 26-Feb-07 NR 8-Aug-07

M-1 073879FF0 NR Aa2 NR AA+

M-2 073879FG8 NR Aa3 NR AA

M-3 073879FH6 NR A2 NR AA-

M-4 073879FJ2 NR A3 NR A+ BBB 30-Sep-09

M-5 073879FK9 NR Baa1 NR A B- 30-Sep-09

M-6 073879FL7 NR Baa2 NR BBB+ CCC 30-Sep-09

M-7 073879FM5 NR Baa3 NR BBB CCC 30-Sep-09

M-8A 073879FN3 NR Ba2 NR BB+ WR 15-Apr-08 NR 11-Aug-08

M-8B 073879FP8 NR Ba2 NR BB+ Caa1 8-Apr-10 CC 30-Sep-09

CE 073879FQ6 NR NR NR NR

P 073879FR4 NR NR NR NR

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 Bank of America within 30 days of the paymentdate 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, Bank of America recommends that investors obtain

current rating information directly from the rating agency.

Original Ratings Ratings Change / Change Date(1)

Fitch Moody's DBRS S&P


Ratings Information



Series 2004-FR2



15/88

Type Count Count (%) Balance Balance (%) Arrears Arrears (%) REO Book Value

0 166 63.1179% 29,677,264.93 63.1825% 0.00 0.0000% 0.00 0.00

30 9 3.4221% 2,057,099.56 4.3795% 0.00 0.0000% 0.00 0.00

60 6 2.2814% 678,461.91 1.4444% 0.00 0.0000% 0.00 0.00

90+ 40 15.2091% 7,187,663.97 15.3024% 0.00 0.0000% 0.00 0.00

BKY0 2 0.7605% 195,532.16 0.4163% 0.00 0.0000% 0.00 0.00

BKY30 1 0.3802% 351,822.86 0.7490% 0.00 0.0000% 0.00 0.00

BKY90+ 9 3.4221% 1,037,818.27 2.2095% 0.00 0.0000% 0.00 0.00

F/C90+ 23 8.7452% 4,850,394.06 10.3264% 0.00 0.0000% 0.00 0.00

PIF 3 1.1407% 0.00 0.0000% 0.00 0.0000% 0.00 0.00

REO90+ 4 1.5209% 934,639.36 1.9898% 0.00 0.0000% 0.00 0.00

Total (Prior Month End): 263 100.0000% 46,970,697.08 100.0000% 0.00 0.0000% 0.00 0.00

Delinq Total (Prior Month End): 92 34.9810% 17,097,899.99 36.4012% 0.00 0.0000% 0.00 0.00

0 59 67.8161% 13,082,832.40 72.5214% 0.00 0.0000% 0.00 0.00

30 3 3.4483% 585,345.70 3.2447% 0.00 0.0000% 0.00 0.00

60 2 2.2989% 307,105.83 1.7024% 0.00 0.0000% 0.00 0.00

90+ 11 12.6437% 2,255,979.16 12.5055% 0.00 0.0000% 0.00 0.00

BKY0 1 1.1494% 4,926.20 0.0273% 0.00 0.0000% 0.00 0.00

BKY30 1 1.1494% 351,822.86 1.9502% 0.00 0.0000% 0.00 0.00

BKY90+ 3 3.4483% 416,570.15 2.3092% 0.00 0.0000% 0.00 0.00

F/C90+ 3 3.4483% 739,259.63 4.0979% 0.00 0.0000% 0.00 0.00

PIF 3 3.4483% 0.00 0.0000% 0.00 0.0000% 0.00 0.00

REO90+ 1 1.1494% 296,120.54 1.6415% 0.00 0.0000% 0.00 0.00



F/C Quick Sale Value

Total (All Loans)

Group 1 Loans


End of Month Balance Reporting



Series 2004-FR2



16/88


End of Month Balance Reporting



Series 2004-FR2


0 107 60.7955% 16,594,432.53 57.3592% 0.00 0.0000% 0.00 0.00

30 6 3.4091% 1,471,753.86 5.0872% 0.00 0.0000% 0.00 0.00

60 4 2.2727% 371,356.08 1.2836% 0.00 0.0000% 0.00 0.00

90+ 29 16.4773% 4,931,684.81 17.0465% 0.00 0.0000% 0.00 0.00

BKY0 1 0.5682% 190,605.96 0.6588% 0.00 0.0000% 0.00 0.00

BKY90+ 6 3.4091% 621,248.12 2.1474% 0.00 0.0000% 0.00 0.00

F/C90+ 20 11.3636% 4,111,134.43 14.2103% 0.00 0.0000% 0.00 0.00

REO90+ 3 1.7045% 638,518.82 2.2071% 0.00 0.0000% 0.00 0.00




Group 2 Loans



17/88


18/88


19/88


20/88


21/88


22/88

Distribution Date: 26-Nov-10Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)



Series 2004-FR2

Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance

26-Nov-10 2 459,592 0 0 0 0 0 0 0 0 0 0 0 0

25-Oct-10 2 459,770 0 0 0 0 0 0 0 0 0 0 0 0

27-Sep-10 2 459,946 0 0 0 0 0 0 0 0 0 0 0 0

25-Aug-10 2 460,122 0 0 0 0 0 0 0 0 0 0 0 0

26-Jul-10 2 460,297 0 0 0 0 0 0 0 0 0 0 0 0

25-Jun-10 2 460,471 0 0 0 0 0 0 0 0 0 0 0 0

25-May-10 2 460,815 0 0 0 0 0 0 0 0 0 0 0 0

26-Apr-10 2 460,987 0 0 0 0 0 0 0 0 0 0 0 0

25-Mar-10 2 461,157 0 0 0 0 0 0 0 0 0 0 0 0

25-Feb-10 2 461,326 0 0 0 0 0 0 0 0 0 0 1 64,925

25-Jan-10 2 461,494 0 0 0 0 1 344,698 0 0 0 0 1 64,991

28-Dec-09 2 461,662 0 0 0 0 0 0 0 0 2 410,161 0 0

25-Nov-09 2 461,828 0 0 0 0 0 0 0 0 2 410,630 0 0

26-Oct-09 2 461,994 0 0 0 0 0 0 0 0 2 411,027 0 0

25-Sep-09 2 462,158 0 0 0 0 0 0 0 0 2 411,421 0 0

26-Nov-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Oct-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

27-Sep-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Aug-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

26-Jul-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Jun-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-May-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

26-Apr-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Mar-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Feb-10 66.67% 87.66% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 33.33% 12.34%

25-Jan-10 50.00% 52.97% 0.00% 0.00% 0.00% 0.00% 25.00% 39.57% 0.00% 0.00% 0.00% 0.00% 25.00% 7.46%

28-Dec-09 50.00% 52.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 50.00% 47.05% 0.00% 0.00%

25-Nov-09 50.00% 52.93% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 50.00% 47.07% 0.00% 0.00%

26-Oct-09 50.00% 52.92% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 50.00% 47.08% 0.00% 0.00%

25-Sep-09 50.00% 52.90% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 50.00% 47.10% 0.00% 0.00%

Group 1 Loans 327 ARM


Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months Bankruptcy Foreclosure REODistribution

Date

Current Delinq 1 Month Delinq 2 Months



23/88


24/88


25/88


26/88


27/88

Distribution Date: 26-Nov-10Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I (as of Cut-Off)



Series 2004-FR2

Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance

26-Nov-10 5 948,567 2 472,726 0 0 0 0 0 0 0 0 0 0

25-Oct-10 6 1,128,431 1 294,495 0 0 0 0 0 0 0 0 0 0

27-Sep-10 7 1,424,552 0 0 0 0 0 0 0 0 0 0 0 0

25-Aug-10 7 1,426,168 0 0 0 0 0 0 0 0 0 0 0 0

26-Jul-10 6 1,132,108 1 295,667 0 0 0 0 0 0 0 0 0 0

25-Jun-10 6 1,250,745 1 178,627 0 0 0 0 0 0 0 0 0 0

25-May-10 7 1,431,164 0 0 0 0 0 0 0 0 0 0 0 0

26-Apr-10 7 1,432,680 0 0 0 0 0 0 0 0 0 0 0 0

25-Mar-10 6 1,255,560 0 0 0 0 1 163,932 0 0 0 0 0 0

25-Feb-10 6 1,257,057 0 0 0 0 1 164,114 0 0 0 0 0 0

25-Jan-10 6 1,258,545 0 0 0 0 1 164,114 0 0 0 0 0 0

28-Dec-09 6 1,260,023 0 0 0 0 1 164,114 0 0 0 0 0 0

25-Nov-09 6 1,261,492 0 0 0 0 1 164,294 0 0 0 0 0 0

26-Oct-09 6 1,262,790 0 0 0 0 1 164,473 0 0 0 0 0 0

25-Sep-09 7 1,399,975 0 0 0 0 1 164,651 0 0 0 0 0 0

26-Nov-10 71.43% 66.74% 28.57% 33.26% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Oct-10 85.71% 79.30% 14.29% 20.70% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

27-Sep-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Aug-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

26-Jul-10 85.71% 79.29% 14.29% 20.71% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Jun-10 85.71% 87.50% 14.29% 12.50% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-May-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

26-Apr-10 100.00% 100.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Mar-10 85.71% 88.45% 0.00% 0.00% 0.00% 0.00% 14.29% 11.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Feb-10 85.71% 88.45% 0.00% 0.00% 0.00% 0.00% 14.29% 11.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Jan-10 85.71% 88.46% 0.00% 0.00% 0.00% 0.00% 14.29% 11.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

28-Dec-09 85.71% 88.48% 0.00% 0.00% 0.00% 0.00% 14.29% 11.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Nov-09 85.71% 88.48% 0.00% 0.00% 0.00% 0.00% 14.29% 11.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

26-Oct-09 85.71% 88.48% 0.00% 0.00% 0.00% 0.00% 14.29% 11.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

25-Sep-09 87.50% 89.48% 0.00% 0.00% 0.00% 0.00% 12.50% 10.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%



Delinquency Balances are Exclusive of REO, Foreclosures and Bankruptcies.

Delinq 3+ Months Bankruptcy Foreclosure REODistribution

Date

Current Delinq 1 Month Delinq 2 Months



28/88


29/88


30/88


31/88


32/88


33/88


34/88


35/88


36/88


37/88


38/88



39/88

Insurance Substitution Liquidation Remaining Term

# Balance # Balance Proceeds Proceeds Proceeds # Amount Life Coupon Remit

26-Nov-10 260 47,063,647 2 115,355 0.00 0.00 0.00 3 18,898 278 6.60% 6.10%

25-Oct-10 263 47,266,413 0 0 0.00 0.00 0.00 7 66,400 279 6.61% 6.10%

27-Sep-10 268 47,371,719 0 0 0.00 0.00 0.00 1 36,000 280 6.62% 6.12%

25-Aug-10 268 47,424,158 1 160,325 0.00 0.00 0.00 2 146,158 281 6.63% 6.13%

26-Jul-10 271 47,678,937 2 473,701 0.00 0.00 231,067.02 11 472,345 281 6.66% 6.15%

25-Jun-10 284 48,851,893 1 100,436 0.00 0.00 0.00 0 0 282 6.66% 6.15%

25-May-10 285 49,018,506 2 427,883 0.00 0.00 0.00 0 0 283 6.69% 6.19%

26-Apr-10 287 49,507,834 2 81,673 0.00 0.00 0.00 1 370,302 284 6.71% 6.20%

25-Mar-10 290 49,890,930 0 0 0.00 0.00 13,014.53 2 68,432 285 6.73% 6.22%

25-Feb-10 292 49,933,385 0 0 0.00 0.00 182,116.32 4 485,786 286 6.77% 6.27%

25-Jan-10 296 50,680,952 2 535,776 0.00 0.00 86,150.19 1 96,195 287 6.76% 6.26%

28-Dec-09 299 51,493,969 2 507,352 0.00 0.00 210,904.64 2 159,014 288 6.76% 6.26%

25-Nov-09 303 52,444,441 1 156,131 0.00 0.00 192,006.73 1 54,693 289 6.94% 6.44%

26-Oct-09 305 52,933,988 1 136,112 0.00 0.00 0.00 1 74,547 287 6.97% 6.46%

25-Sep-09 307 53,225,652 0 0 0.00 0.00 50,423.81 1 30,506 288 6.98% 6.47%

26-Nov-10 63 15,366,049 1 111,620 0.00 0.00 0.00 1 0 281 6.26% 5.76%

25-Oct-10 64 15,499,720 0 0 0.00 0.00 0.00 1 0 282 6.27% 5.77%

27-Sep-10 64 15,522,178 0 0 0.00 0.00 0.00 1 36,000 283 6.31% 5.81%

25-Aug-10 64 15,535,844 0 0 0.00 0.00 0.00 0 0 284 6.33% 5.83%

26-Jul-10 64 15,482,008 1 258,124 0.00 0.00 0.00 0 0 285 6.34% 5.84%

25-Jun-10 65 15,734,576 1 100,436 0.00 0.00 0.00 0 0 286 6.34% 5.84%

25-May-10 66 15,859,439 1 329,312 0.00 0.00 0.00 0 0 287 6.33% 5.83%

26-Apr-10 67 16,212,269 0 0 0.00 0.00 0.00 0 0 288 6.33% 5.83%

25-Mar-10 67 16,236,780 0 0 0.00 0.00 0.00 0 0 289 6.36% 5.85%

25-Feb-10 67 16,251,087 0 0 0.00 0.00 0.00 0 0 290 6.36% 5.85%

25-Jan-10 67 16,275,173 1 351,307 0.00 0.00 0.00 0 0 291 6.34% 5.84%

28-Dec-09 68 16,669,752 1 392,593 0.00 0.00 210,904.64 1 129,130 292 6.35% 5.85%

25-Nov-09 70 17,426,538 0 0 0.00 0.00 0.00 0 0 293 6.35% 5.85%

26-Oct-09 70 17,451,369 0 0 0.00 0.00 0.00 0 0 291 6.35% 5.85%

25-Sep-09 70 17,478,138 0 0 0.00 0.00 0.00 0 0 292 6.35% 5.85%

Curr Weighted Avg.

Total (All Loans)

Group 1 Loans Fixed 1st Lien

Distribution

Date

Ending Pool Payoffs Realized Losses

Distribution Date: 26-Nov-10Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary



Series 2004-FR2




40/88




Series 2004-FR2



26-Nov-10 10 205,730 1 3,734 0.00 0.00 0.00 1 18,898 147 11.00% 10.50%

25-Oct-10 12 227,960 0 0 0.00 0.00 0.00 0 0 144 10.96% 10.46%

27-Sep-10 12 233,324 0 0 0.00 0.00 0.00 0 0 146 10.95% 10.44%

25-Aug-10 12 235,388 0 0 0.00 0.00 0.00 0 0 147 10.93% 10.43%

26-Jul-10 12 237,663 0 0 0.00 0.00 0.00 5 107,231 148 10.99% 10.49%

25-Jun-10 17 340,742 0 0 0.00 0.00 0.00 0 0 152 10.97% 10.47%

25-May-10 17 343,883 0 0 0.00 0.00 0.00 0 0 153 10.96% 10.46%

26-Apr-10 17 346,671 0 0 0.00 0.00 0.00 0 0 154 10.96% 10.45%

25-Mar-10 17 348,337 0 0 0.00 0.00 0.00 0 0 155 10.94% 10.44%

25-Feb-10 17 350,889 0 0 0.00 0.00 0.00 0 0 156 10.93% 10.42%

25-Jan-10 17 354,490 0 0 0.00 0.00 0.00 0 0 157 10.91% 10.41%

28-Dec-09 17 357,063 0 0 0.00 0.00 0.00 0 0 158 10.90% 10.40%

25-Nov-09 17 359,616 0 0 0.00 0.00 0.00 0 0 159 10.89% 10.38%

26-Oct-09 17 363,150 0 0 0.00 0.00 0.00 0 0 146 10.88% 10.38%

25-Sep-09 17 364,906 0 0 0.00 0.00 0.00 0 0 147 10.88% 10.37%

26-Nov-10 9 2,054,042 0 0 0.00 0.00 0.00 0 0 281 7.35% 6.85%

25-Oct-10 9 2,056,129 0 0 0.00 0.00 0.00 0 0 282 7.33% 6.83%

27-Sep-10 9 2,058,300 0 0 0.00 0.00 0.00 0 0 283 7.33% 6.83%

25-Aug-10 9 2,060,457 0 0 0.00 0.00 0.00 0 0 284 7.33% 6.83%

26-Jul-10 9 2,062,514 0 0 0.00 0.00 0.00 0 0 285 7.33% 6.83%

25-Jun-10 9 2,064,558 0 0 0.00 0.00 0.00 0 0 286 7.37% 6.87%

25-May-10 9 2,073,801 0 0 0.00 0.00 0.00 0 0 287 7.67% 7.16%

26-Apr-10 9 2,065,464 0 0 0.00 0.00 0.00 0 0 288 7.76% 7.25%

25-Mar-10 9 2,066,698 0 0 0.00 0.00 0.00 0 0 289 7.76% 7.25%

25-Feb-10 9 2,067,924 0 0 0.00 0.00 0.00 0 0 290 7.76% 7.25%

25-Jan-10 9 2,069,423 0 0 0.00 0.00 0.00 0 0 291 7.76% 7.25%

28-Dec-09 9 2,070,943 0 0 0.00 0.00 0.00 0 0 292 7.76% 7.25%

25-Nov-09 9 2,072,121 0 0 0.00 0.00 0.00 0 0 293 8.33% 7.82%

26-Oct-09 9 2,073,407 0 0 0.00 0.00 0.00 0 0 295 8.40% 7.89%

25-Sep-09 9 2,074,702 0 0 0.00 0.00 50,423.81 1 30,506 296 8.41% 7.91%

Curr Weighted Avg.

Group 1 Loans Fixed 2nd Lien


Distribution

Date





41/88




Series 2004-FR2



26-Nov-10 2 459,592 0 0 0.00 0.00 0.00 0 0 282 5.94% 5.44%

25-Oct-10 2 459,770 0 0 0.00 0.00 0.00 0 0 283 5.94% 5.44%

27-Sep-10 2 459,946 0 0 0.00 0.00 0.00 0 0 284 5.94% 5.44%

25-Aug-10 2 460,122 0 0 0.00 0.00 0.00 0 0 284 5.94% 5.44%

26-Jul-10 2 460,297 0 0 0.00 0.00 0.00 0 0 286 5.94% 5.44%

25-Jun-10 2 460,471 0 0 0.00 0.00 0.00 0 0 287 5.94% 5.44%

25-May-10 2 460,815 0 0 0.00 0.00 0.00 0 0 288 5.94% 5.44%

26-Apr-10 2 460,987 0 0 0.00 0.00 0.00 0 0 289 5.94% 5.44%

25-Mar-10 2 461,157 0 0 0.00 0.00 13,014.53 1 51,911 290 6.27% 5.77%

25-Feb-10 3 526,251 0 0 0.00 0.00 104,393.26 1 240,304 291 6.81% 6.30%

25-Jan-10 4 871,183 0 0 0.00 0.00 0.00 0 0 292 6.81% 6.30%

28-Dec-09 4 871,823 0 0 0.00 0.00 0.00 0 0 293 6.81% 6.31%

25-Nov-09 4 872,458 0 0 0.00 0.00 0.00 0 0 294 7.28% 6.77%

26-Oct-09 4 873,020 0 0 0.00 0.00 0.00 0 0 295 7.28% 6.77%

25-Sep-09 4 873,579 0 0 0.00 0.00 0.00 0 0 296 7.28% 6.77%

26-Nov-10 107 19,379,677 0 0 0.00 0.00 0.00 0 0 277 6.42% 5.92%

25-Oct-10 107 19,412,781 0 0 0.00 0.00 0.00 0 0 278 6.42% 5.91%

27-Sep-10 107 19,439,569 0 0 0.00 0.00 0.00 0 0 279 6.42% 5.92%

25-Aug-10 107 19,472,647 1 160,325 0.00 0.00 0.00 0 0 280 6.42% 5.92%

26-Jul-10 108 19,665,597 1 215,576 0.00 0.00 231,067.02 2 49,594 280 6.44% 5.94%

25-Jun-10 111 20,177,151 0 0 0.00 0.00 0.00 0 0 281 6.44% 5.93%

25-May-10 111 20,188,984 1 98,571 0.00 0.00 0.00 0 0 282 6.44% 5.93%

26-Apr-10 112 20,321,809 2 81,673 0.00 0.00 0.00 0 0 283 6.44% 5.93%

25-Mar-10 114 20,438,992 0 0 0.00 0.00 0.00 0 0 284 6.44% 5.93%

25-Feb-10 114 20,481,230 0 0 0.00 0.00 0.00 0 0 285 6.44% 5.93%

25-Jan-10 114 20,521,233 1 184,469 0.00 0.00 0.00 0 0 286 6.44% 5.93%

28-Dec-09 115 20,741,757 1 114,759 0.00 0.00 0.00 0 0 287 6.44% 5.94%

25-Nov-09 116 20,892,511 1 156,131 0.00 0.00 0.00 0 0 288 6.44% 5.94%

26-Oct-09 117 21,095,234 0 0 0.00 0.00 0.00 0 0 285 6.44% 5.94%

25-Sep-09 117 21,130,860 0 0 0.00 0.00 0.00 0 0 285 6.44% 5.94%

Curr Weighted Avg.


Group 2 Loans Fixed 1st Lien

Distribution

Date





42/88



Series 2004-FR2



26-Nov-10 20 471,279 0 0 0.00 0.00 0.00 0 0 150 9.56% 9.06%

25-Oct-10 20 472,519 0 0 0.00 0.00 0.00 5 49,100 151 9.68% 9.17%

27-Sep-10 25 519,434 0 0 0.00 0.00 0.00 0 0 145 9.68% 9.17%

25-Aug-10 25 520,840 0 0 0.00 0.00 0.00 1 1,448 146 9.68% 9.17%

26-Jul-10 26 523,391 0 0 0.00 0.00 0.00 3 94,562 147 9.72% 9.21%

25-Jun-10 29 613,185 0 0 0.00 0.00 0.00 0 0 148 9.72% 9.21%

25-May-10 29 614,680 0 0 0.00 0.00 0.00 0 0 154 9.73% 9.23%

26-Apr-10 29 614,202 0 0 0.00 0.00 0.00 0 0 150 9.73% 9.23%

25-Mar-10 29 615,664 0 0 0.00 0.00 0.00 1 16,521 151 9.78% 9.27%

25-Feb-10 30 632,830 0 0 0.00 0.00 0.00 1 7,781 152 9.80% 9.30%

25-Jan-10 31 641,749 0 0 0.00 0.00 0.00 0 0 152 9.80% 9.30%

28-Dec-09 31 643,114 0 0 0.00 0.00 0.00 1 29,884 153 9.88% 9.38%

25-Nov-09 32 671,604 0 0 0.00 0.00 0.00 0 0 155 9.88% 9.37%

26-Oct-09 32 673,074 0 0 0.00 0.00 0.00 0 0 156 9.88% 9.37%

25-Sep-09 32 674,637 0 0 0.00 0.00 0.00 0 0 157 9.88% 9.37%

26-Nov-10 42 7,705,986 0 0 0.00 0.00 0.00 1 0 281 7.16% 6.66%

25-Oct-10 42 7,714,608 0 0 0.00 0.00 0.00 1 17,300 282 7.15% 6.65%

27-Sep-10 42 7,714,416 0 0 0.00 0.00 0.00 0 0 283 7.17% 6.67%

25-Aug-10 42 7,712,693 0 0 0.00 0.00 0.00 1 144,710 284 7.15% 6.65%

26-Jul-10 43 7,819,693 0 0 0.00 0.00 0.00 1 220,959 285 7.16% 6.66%

25-Jun-10 44 8,031,838 0 0 0.00 0.00 0.00 0 0 286 7.16% 6.66%

25-May-10 44 8,045,740 0 0 0.00 0.00 0.00 0 0 287 7.28% 6.78%

26-Apr-10 44 8,053,754 0 0 0.00 0.00 0.00 1 370,302 288 7.39% 6.88%

25-Mar-10 45 8,303,811 0 0 0.00 0.00 0.00 0 0 289 7.37% 6.87%

25-Feb-10 45 8,202,002 0 0 0.00 0.00 77,723.06 2 237,700 290 7.59% 7.09%

25-Jan-10 47 8,525,041 0 0 0.00 0.00 86,150.19 1 96,195 291 7.54% 7.04%

28-Dec-09 48 8,715,380 0 0 0.00 0.00 0.00 0 0 292 7.56% 7.05%

25-Nov-09 48 8,723,807 0 0 0.00 0.00 192,006.73 1 54,693 293 8.31% 7.80%

26-Oct-09 49 8,977,470 0 0 0.00 0.00 0.00 1 74,547 295 8.36% 7.86%

25-Sep-09 50 9,064,203 0 0 0.00 0.00 0.00 0 0 296 8.41% 7.91%

Curr Weighted Avg.

Group 2 Loans Fixed 2nd Lien


Distribution

Date





43/88



Series 2004-FR2



26-Nov-10 7 1,421,293 0 0 0.00 0.00 0.00 0 0 281 7.26% 6.75%

25-Oct-10 7 1,422,926 0 0 0.00 0.00 0.00 0 0 282 7.24% 6.74%

27-Sep-10 7 1,424,552 0 0 0.00 0.00 0.00 0 0 283 7.24% 6.74%

25-Aug-10 7 1,426,168 0 0 0.00 0.00 0.00 0 0 284 7.24% 6.74%

26-Jul-10 7 1,427,775 0 0 0.00 0.00 0.00 0 0 285 7.24% 6.74%

25-Jun-10 7 1,429,372 0 0 0.00 0.00 0.00 0 0 286 7.24% 6.74%

25-May-10 7 1,431,164 0 0 0.00 0.00 0.00 0 0 287 7.47% 6.97%

26-Apr-10 7 1,432,680 0 0 0.00 0.00 0.00 0 0 288 7.47% 6.97%

25-Mar-10 7 1,419,492 0 0 0.00 0.00 0.00 0 0 289 7.67% 7.16%

25-Feb-10 7 1,421,171 0 0 0.00 0.00 0.00 0 0 290 7.67% 7.16%

25-Jan-10 7 1,422,658 0 0 0.00 0.00 0.00 0 0 291 7.67% 7.16%

28-Dec-09 7 1,424,137 0 0 0.00 0.00 0.00 0 0 292 7.67% 7.16%

25-Nov-09 7 1,425,786 0 0 0.00 0.00 0.00 0 0 293 8.41% 7.91%

26-Oct-09 7 1,427,263 1 136,112 0.00 0.00 0.00 0 0 295 8.58% 8.08%

25-Sep-09 8 1,564,626 0 0 0.00 0.00 0.00 0 0 296 8.58% 8.08%

Curr Weighted Avg.


Distribution

Date





44/88

SMM (Single Monthly Mortality) Total

Current Period 0.29%

3-Month Average 0.14%



Average Since Cut-Off 2.87%

CPR (Conditional Prepayment Rate) Total




12-Month Average 8.63%Average Since Cut-Off 25.99%

PSA (Public Securities Association) Total

Current Period 56%

3-Month Average 27%

6-Month Average 103%

12-Month Average 144%

Average Since Cut-Off 433%

SMM Single Monthly Mortali ty (Partia l and Ful l Prepayments + Repurchases + Curtailments + Liquidations + Other Prin Proceeds) / (Beginning Col lateral Bal - Scheduled Prin)

CPR Conditional Prepayment Rate 1 - (1 - SMM)^12)

PSA Public Securities Association 100 * CPR / (0.2 * MIN(30,WAS))

WAS Weighted Average Season ing (Or ig inal Term - Remaining Term) * (Current Schedu led Balance / Dea l Schedu led Princ ipa l Ba lance)

Total (All Loans)

Distribution Date: 26-Nov-10Prepayment Summary


Series 2004-FR2

0.00%

2.43%

4.86%

7.29%

9.71%

12.14%

14.57%

17.00%

Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10

0.00%

14.29%

28.57%

42.86%

57.14%

71.43%

85.71%

100.00%


0%

229%

457%

686%

914%

1143%

1371%

1600%




45/88


46/88


A t B k d C tifi t


47/88

Distribution Date: 26-Nov-10Mortgage Loan Characteristics Part II


Series 2004-FR2

237 42,847,135 91.04% 277.70 6.57% 2,528 438,290,473 93.38% 348.95 6.86%

19 3,328,161 7.07% 281.37 6.86% 192 25,694,658 5.47% 350.08 7.12%

4 888,351 1.89% 282.00 7.09% 25 5,400,896 1.15% 355.69 6.80%

260 47,063,647 100.00% 2,745 469,386,027 100.00%

143 28,897,787 61.40% 278.44 6.49% 1,278 258,982,661 55.17% 352.43 6.68%

89 13,357,345 28.38% 276.38 6.94% 1,246 171,617,239 36.56% 343.52 7.20%

28 4,808,515 10.22% 280.26 6.36% 221 38,786,127 8.26% 351.40 6.77%

260 47,063,647 100.00% 2,745 469,386,027 100.00%

Distribution by Loan Purpose (Cut-off)

Loan Purpose # of Loans Ending Balance

% of

Balance WAMM WAC

Total

Distribution by Loan Purpose (Current)

Loan Purpose

# of

Loans Ending Balance

% of

Balance WAMM WAC

WAC

Total

Distribution by Occupancy Type (Current)

Occupancy Type

# of


% of

Balance WAMM WAC

Distribution by Occupancy Type (Cut-off)

Stratifications only include loans with a balance > .01

Total Total

Purchase Purchase

Refinance/No Cash Out Refinance/No Cash Out

Refinance/Equity Takeout Refinance/Equity Takeout

Non-Owner Occupied Non-Owner Occupied

Owner Occupied - Secondary Residence Owner Occupied - Secondary Residence

Owner Occupied - Primary Residence Owner Occupied - Primary Residence

Occupancy Type # of Loans Ending Balance

% of

Balance WAMM

Total (All Loans)



Asset Backed Certificates


48/88

Distribution Date: 26-Nov-10Mortgage Loan Characteristics Part II


Series 2004-FR2

260 47,063,647 100.00% 278.04 6.60% 2,745 469,386,027 100.00% 349.09 6.88%

WAC# of Loans Ending Balance

% of

Balance WAMM

Total (All Loans)

Stratifications only include loans with a balance > .01

Fremont Fremont

Originator

# of


% of

Balance WAMM WAC Originator

Distribution by Originator Concentration > 10% (Current) Distribution by Originator Concentration > 10% (Cut-off)





49/88

WAMM WAC

California 55 12,933,119 27.48% 279 6.14%

New York 36 9,759,477 20.74% 281 6.65%

Florida 20 3,098,412 6.58% 278 6.35%

New Jersey 11 2,276,480 4.84% 271 6.67%

Texas 23 2,085,280 4.43% 263 7.06%

Illinois 13 1,651,388 3.51% 275 7.00%

Georgia 17 1,644,769 3.49% 276 6.38%

Minnesota 8 1,332,121 2.83% 279 7.22%

Maryland 5 1,268,084 2.69% 282 6.77%

Michigan 10 1,257,923 2.67% 275 7.83%

Remaining 62 9,756,594 20.73% 279 6.85%

WAMM WAC

California 825 182,941,009 38.97% 351 6.48%

New York 216 55,593,484 11.84% 352 6.82%Florida 268 31,732,086 6.76% 347 7.39%

Illinois 185 24,700,489 5.26% 346 7.46%

New Jersey 108 23,308,624 4.97% 351 7.07%

Maryland 98 16,933,063 3.61% 351 6.94%

Virginia 72 13,925,188 2.97% 350 7.02%

Georgia 119 12,874,664 2.74% 346 7.35%

Massachusetts 56 11,008,824 2.35% 349 7.00%

Colorado 79 9,469,473 2.02% 340 7.33%

Remaining

719 86,899,125 18.51% 345 7.18%

Stratifications only include loans with a balance > .01(1)

Based on Current Period Ending Principal Balance

Top 10 Original State Concentration

Geographic Distribution

# of

Loans Balance (1)% of

Balance

Total (All Loans)

Top 10 Current State Concentration

Geographic Distribution

# of

Loans Balance (1)% of

Balance

Distribution Date: 26-Nov-10Geographic Concentration

Asset Backed Certificates

Series 2004-FR2

Top 10 Current State Concentration

California

New JerseyFlorida

New York

Michigan

Maryland

Minnesota

Georgia

Illinois

Texas

Remaining



50/88

14586123 201011 17,721.88 (1,175.68) 17,721.88 17,721.88 18,897.56 C

Current Total 17,721.88 (1,175.68) 17,721.88 17,721.88 18,897.56

Cumulative 20,136,402.47 8,799,750.14 10,791,040.81 10,635,311.03 11,234,222.55

C

H

M

N

O

P

R

S

T

W

A

D

1

2

3

4

5

6

7

8

9

Liq. Type Code - Legend

Charge-off

Hold for Sale

Matured

Repurchase

Note Sale

Paid in Full

REO

Short Pay

Third Party

Write-off

Assigned

Deferment/Write-down

Adjustment Legend

Escrow Bal/Adv

MREC

Rest'd Escrow

Replacement Res.

Suspense

Third Party

Charged Off/Matured

Side Note

Manual

1,175.68 18,897.56 0.00

598,911.52 11,389,952.33 155,729.78

1,175.68 18,897.56 0.00

Loss-Certs Adjusted Liq Type Adj Type

Total (All Loans)

Disclosure Control # Period

Original Liquidation

Balance

Net Liquidation

Proceeds

Loss-Loan Non-

adjusted Loss to Trust

Loss-Certs Non-

adjusted

Subsequent

Recov/(Exp) Loss-Loan Adjusted


Current Period Realized Loss Detail



Series 2004-FR2



51/88


52/88



53/88


Historical Realized Loss Summary


Series 2004-FR2

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds Realized Loss Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount Count Amount Count Amount Count

25-Jan-06 57,085.87 (4,814.48) 61,900.35 2 (406.75) 1 0.00 0 0.00 0 62,307.10 680,481.97

27-Dec-05 26,482.36 (3,693.52) 30,175.88 1 (797.61) 1 88,383.66 6 (4,922.87) 614 (52,487.30) 618,174.87

25-Nov-05 179,694.87 83,646.75 96,048.12 3 (969.41) 2 406.75 1 0.00 0 96,610.78 670,662.17

25-Oct-05 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 574,051.39

26-Sep-05 825,504.83 621,170.04 204,334.79 5 (25.00) 2 0.00 0 (8,457.95) 454 212,817.74 574,051.39

25-Aug-05 81,754.69 (9,493.54) 91,248.23 1 (75.00) 1 0.00 0 0.00 0 91,323.23 361,233.65

25-Jul-05 208,365.25 72,653.60 135,711.65 3 0.00 0 15.90 1 0.00 0 135,695.75 269,910.42

27-Jun-05 113,705.01 19,004.92 94,700.09 4 0.00 0 0.00 0 0.00 0 94,700.09 134,214.67

25-May-05 0.00 0.00 0.00 0 (8.15) 1 0.00 0 0.00 0 8.15 39,514.58

25-Apr-05 146,979.22 120,423.30 26,555.92 1 0.00 0 0.00 0 (1,889.65) 105 28,445.57 39,506.43

25-Mar-05 7,177.01 (594.36) 7,771.37 1 0.00 0 0.00 0 0.00 0 7,771.37 11,060.86

25-Feb-05 0.00 0.00 0.00 0 0.00 0 0.00 0 (95.75) 3 95.75 3,289.49

25-Jan-05 0.00 0.00 0.00 0 0.00 0 0.00 0 (3,193.74) 3 3,193.74 3,193.74

27-Dec-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

26-Nov-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

25-Oct-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

27-Sep-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

Total 20,136,402.47 8,799,750.14 11,389,952.33 195 (156,321.12) 255 385,241.03 126 (73,190.13) 3,348 11,234,222.55

Claims on Prior Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs

Total (All Loans)

Current Realized Loss Previous Liquidations/Payoffs



54/88


55/88


56/88


57/88


58/88




59/88


Historical Realized Loss Summary

Series 2004-FR2

Distribution Date

Beginning Scheduled

Balance

Net Liquidation

Proceeds Realized Loss Loan Count

Realized Loss

Adjusted

Cumulative

Realized Loss

Amount Count Amount Count Amount Count

25-Jan-06 14,815.80 (1,851.83) 16,667.63 1 (406.75) 1 0.00 0 0.00 0 17,074.38 277,106.76

27-Dec-05 0.00 0.00 0.00 0 (797.61) 1 815.31 3 674.38 428 (692.08) 260,032.38

25-Nov-05 85,990.00 81,379.93 4,610.07 1 (969.41) 2 406.75 1 0.00 0 5,172.73 260,724.46

25-Oct-05 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 255,551.73

26-Sep-05 413,800.88 321,581.08 92,219.80 3 (12.50) 1 0.00 0 (6,131.05) 319 98,363.35 255,551.73

25-Aug-05 0.00 0.00 0.00 0 (75.00) 1 0.00 0 0.00 0 75.00 157,188.38

25-Jul-05 143,566.16 80,466.67 63,099.49 2 0.00 0 0.00 0 0.00 0 63,099.49 157,113.38

27-Jun-05 56,405.23 (6,460.85) 62,866.08 2 0.00 0 0.00 0 0.00 0 62,866.08 94,013.89

25-May-05 0.00 0.00 0.00 0 (8.15) 1 0.00 0 0.00 0 8.15 31,147.81

25-Apr-05 146,979.22 120,423.30 26,555.92 1 0.00 0 0.00 0 (1,294.25) 72 27,850.17 31,139.66

25-Mar-05 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 3,289.49

25-Feb-05 0.00 0.00 0.00 0 0.00 0 0.00 0 (95.75) 3 95.75 3,289.49

25-Jan-05 0.00 0.00 0.00 0 0.00 0 0.00 0 (3,193.74) 3 3,193.74 3,193.74

27-Dec-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

26-Nov-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

25-Oct-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

27-Sep-04 0.00 0.00 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0.00

Total 14,582,599.83 6,371,489.69 8,228,410.14 142 (106,303.12) 186 165,385.46 87 (52,106.47) 2,437 8,221,434.27

Group 2 Loans

Current Realized Loss Previous Liquidations/Payoffs

Claims on Prior Liquidations

Recovery on Prior

Liquidations

(Claims)/Recoveries on

Prior Payoffs




Series 2004-FR2


60/88

MDR (monthly Default Rate) Total






CDR (Conditional Default Rate) Total






SDA (Standard Default Assumption) Total






MDR Monthly Default Rate (Beginning Principal Balance of Liquidated Loans) / (Total Beginning Principal Balance)

CDR Conditional Default Rate 1 - (1 - MDR)^12

SDA Standard Default Assumption If WAS30 then CDR/(WAS*0.02) else if 30


61/88


0 27 42.1875% 5,129,560.46 43.4512% 0.00 0.0000% 0.00 0.00

30 4 6.2500% 841,785.18 7.1305% 0.00 0.0000% 0.00 0.00

60 4 6.2500% 512,853.83 4.3443% 0.00 0.0000% 0.00 0.00

90+ 17 26.5625% 3,332,474.25 28.2285% 0.00 0.0000% 0.00 0.00

BKY90+ 3 4.6875% 314,281.03 2.6622% 0.00 0.0000% 0.00 0.00

F/C90+ 9 14.0625% 1,674,391.98 14.1833% 0.00 0.0000% 0.00 0.00



0 10 58.8235% 2,676,833.02 66.5984% 0.00 0.0000% 0.00 0.00

30 2 11.7647% 465,346.66 11.5776% 0.00 0.0000% 0.00 0.00

60 2 11.7647% 307,105.83 7.6407% 0.00 0.0000% 0.00 0.00

90+ 2 11.7647% 515,533.31 12.8262% 0.00 0.0000% 0.00 0.00

BKY90+ 1 5.8824% 54,547.24 1.3571% 0.00 0.0000% 0.00 0.00




Total (All Loans)

Group 1 Loans


EMC Modified Loans - End of Month Balance Reporting




Series 2004-FR2


62/88


EMC Modified Loans - End of Month Balance Reporting


0 17 36.1702% 2,452,727.44 31.5018% 0.00 0.0000% 0.00 0.00

30 2 4.2553% 376,438.52 4.8348% 0.00 0.0000% 0.00 0.00

60 2 4.2553% 205,748.00 2.6425% 0.00 0.0000% 0.00 0.00

90+ 15 31.9149% 2,816,940.94 36.1797% 0.00 0.0000% 0.00 0.00

BKY90+ 2 4.2553% 259,733.79 3.3359% 0.00 0.0000% 0.00 0.00

F/C90+ 9 19.1489% 1,674,391.98 21.5052% 0.00 0.0000% 0.00 0.00




Group 2 Loans




Series 2004-FR2


63/88

Total 0.00 0.00

No Loan Modification Reported for the Current Period

* The information provided is only for EMC serviced loans.

Total (All Loans)

Disclosure Control #

Beginning

Scheduled

Balance

Current

Scheduled

Balance Mod Description Mod Date

# of Times

Modified Prior Mod Description

Pre-Mod

Seasoning

Pre-Mod

Loan

Status

Distribution Date: 26-Nov-10EMC Serviced Modified Loan Detail (Current Period) - Part I




Series 2004-FR2


64/88


Total 0.00 0.00

Pre-Mod

Seasoning

Pre-Mod

Loan

Status



Group 1 Loans


Beginning

Scheduled

Balance

Current

Scheduled


# of Times





Series 2004-FR2


65/88


Total 0.00 0.00



Group 2 Loans


Beginning

Scheduled

Balance

Current

Scheduled


# of Times


Pre-Mod

Seasoning

Pre-Mod

Loan

Status




Series 2004-FR2


66/88

Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Post-Mod Payment


*The information provided is only for EMC serviced loans.

Total (All Loans)


Beginning Scheduled

Balance

Current Scheduled

Balance Pre-Mod Rate Post-Mod Rate Principal Forgiveness Amount Capital ized Amount Deferred Pre-Mod Payment

Distribution Date: 26-Nov-10EMC Serviced Modified Loan Detail (Current Period) - Part II




Series 2004-FR2


67/88


Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Pre-Mod Payment Post-Mod Payment



Post-Mod Rate Principal Forgiveness Amount Capitalized Amount DeferredDisclosure Control #

Beginning Scheduled

Balance

Current Scheduled

Balance Pre-Mod Rate

Group 1 Loans




Series 2004-FR2


68/88


Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Post-Mod Payment



Group 2 Loans


Beginning Scheduled

Balance

Current Scheduled

Balance Pre-Mod Rate Post-Mod Rate Principal Forgiveness Amount Capital ized Amount Deferred Pre-Mod Payment



69/88


70/88



Series 2004-FR2


71/88


EMC Serviced Historical Modified Loan Detail

200507 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200506 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200505 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200504 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200503 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200502 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200501 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200412 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200411 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200410 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200409 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 101 16,533,486.29 17,610,805.33 0.00 878,806.14 324.40 145,666.39 125,712.50


DISCLAIMER: This information is unaudited, is for informational purposes only and does not constitute (i) investment advice or an offer to sell or a solicitation of an offer to buy any security, other investment or investment service, or (ii) a representation as to suitability of any security, other investment or

investment service. Past performance is not a representation as to future results. EMC Mortgage Corporation does not review and assumes no responsibility for any information received from or created by any third parties; provided further, for modification reporting, data subsequent to May 1, 2007, is

more robust than data prior to May 1, 2007.

Total (All Loans)

Period Count

Beginning Scheduled

Balance Current Scheduled Balance Principal Foregiveness Amount Capitalized Amount Deferred Pre-Mod Payment Post-Mod Payment




Series 2004-FR2


72/88



201011 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

201010 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

201009 3 747,098.45 793,228.16 0.00 39,802.02 0.00 5,239.68 3,803.77

201008 1 217,133.46 293,563.72 0.00 (70,075.20) 0.00 1,846.61 1,824.30

201007 1 349,132.38 377,122.34 0.00 (20,595.62) 0.00 2,087.73 1,571.35

201006 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

201005 1 78,684.17 88,224.32 0.00 (8,965.84) 0.00 991.69 909.03

201004 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

201003 1 210,848.11 221,612.67 0.00 7,793.65 0.00 1,500.72 1,113.62

201002 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

201001 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200912 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200911 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200910 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200909 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00200908 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200907 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200906 1 445,299.45 448,678.07 0.00 2,778.94 0.00 3,014.97 2,430.35

200905 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200904 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200903 1 347,593.68 359,395.46 0.00 9,373.92 0.00 2,227.94 1,497.49

200902 1 119,864.98 121,994.39 0.00 2,129.41 0.00 1,084.45 819.40

200901 1 335,361.81 360,672.74 0.00 22,064.67 0.00 2,302.53 2,087.73

200812 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200811 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200810 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200809 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200808 1 354,359.87 354,925.73 0.00 307.18 0.00 3,103.02 1,952.10

200807 1 15,093.57 14,506.22 0.00 0.00 0.00 173.38 98.96

200806 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200805 2 573,330.55 590,796.53 0.00 17,122.24 0.00 6,179.44 4,364.50

200804 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00






Group 1 Loans

Period Count

Beginning Scheduled

Balance Current Scheduled Balance Principal Foregiveness Amount Capitalized Amount Deferred




Series 2004-FR2


73/88



200803 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200802 1 334,559.25 341,293.04 0.00 6,733.79 0.00 2,822.58 2,098.75

200801 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200712 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200711 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200710 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200709 1 69,636.89 80,119.53 0.00 10,320.31 0.00 739.25 850.53

200708 1 5,981.70 6,365.77 0.00 189.83 0.00 110.87 114.98

200707 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200706 3 610,864.94 656,098.29 0.00 43,026.02 0.00 5,145.29 4,562.66

200705 1 157,021.66 166,223.25 0.00 8,825.18 0.00 1,529.91 1,778.20

200704 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200703 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200702 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200701 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00200612 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200611 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200610 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200609 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200608 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200607 1 51,562.26 54,806.87 0.00 2,974.95 0.00 647.70 600.76

200606 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200605 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200604 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200603 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200602 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200601 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200512 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200511 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200510 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200509 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200508 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00





Group 1 Loans

Period Count

Beginning Scheduled

Balance Current Scheduled Balance Principal Foregiveness Amount Capitalized Amount Deferred Pre-Mod Payment Post-Mod Payment




Series 2004-FR2


74/88



200507 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200506 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200505 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200504 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200503 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200502 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200501 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200412 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200411 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200410 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200409 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total 23 5,023,427.18 5,329,627.10 0.00 73,805.45 0.00 40,747.76 32,478.48






Group 1 Loans

Period Count

Beginning Scheduled

Balance Current Scheduled Balance Principal Foregiveness Amount Capitalized Amount Deferred



75/88


76/88

Di t ib ti D t 26 N 10



Series 2004-FR2


77/88



200507 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200506 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200505 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200504 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200503 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00

200502 0 0.00 0.00 0.00 0.00 0

Sample Servicer Statement

Documents

Transcript of Sample Servicer Statement