Richard C. Woodbury, P.C.
Certified Public Accountant
20017 E. Sharon Avenue
Houghton, Ml 49931-1904
Phone: (906) 482-1305 Fax: (906) 482-9555
Email: rwoodbury@charterinternet.com
Website: www.rcwpc.com

INDEPENDENT AUDITOR'S REPORT

Board of Directors
Midwest Loan Services, Inc.
Houghton, Ml 49931

We have examined management's assertion, included in the accompanying
report titled Report of Management, that Midwest Loan Service, Inc.
Complied with the servicing standards identified in exhibit A to the Report
of Management as set forth in the Mortgage Bankers Association of America's
Uniform Single Attestation Program for Mortgage Bankers (USAP) during the
year ended December 31, 2004.  Management is responsible for the Company's
compliance with those specified minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about the
Company's compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Company's
compliance with the specified minimum servicing standard and performing
such other procedures as we considered necessary in the circumstances.
We believe that our examination does not provide a legal determination
on the Company's compliance with specified minimum servicing standards.

In our opinion, management's assertion that the Company complied with the
aforementioned specified minimum standards during the year ended
December 31, 2004 is fairly stated, in all material respects.

/s/Richard C. Woodbury
Richard C. Woodbury, CPA
February 25, 2005


Midwest Loan Services, Inc.
816 Shelden Avenue, Suite 300
P.O. Box 144
Houghton, MI  49931-0144


Management's Assertion on Compliance
With the Specified Minimum Servicing Standards Set Forth in the
Uniform Single Attestation Program for Mortgage Bankers

We, as members of management of Midwest Loan Services, Inc. are
responsible for complying with the servicing standards identified in
the attached Exhibit A. These standards are set forth in the Mortgage
Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers (USAP).  We are also responsible for establishing
and maintaining effective internal control over compliance with these
specified minimum servicing standards as of December 31, 2004 and for
the year then ended. Based on this evaluation, we assert that during
the year ended December 31, 2004 and for the year then ended.  Based
on this evaluation, we assert that during the year ended
December 31, 2004, the Company complied, in all material respects,
with the specified minimum servicing standards.

As of December 31, 2004 and for the year then ended, the Company had
in effect a fidelity bond and an errors and omissions policy in the
amount of $3,000,000.

/s/Edward Burger
Edward Burger
President

/s/Stephen Ranzini
Stephen Ranzini
CEO

February 25,2005


MidWest LOAN SERVICES INC.
616 Shelden Avenue, Suite 300
P.O. Box 144
Houghton, MI 49931-0144
phone: (906) 487-5870
fax: (906) 487-5869
email: mlsloan@up.net
web: www.subservicer.com

Specified Minimum Servicing Standards
Custodial Bank Accounts

I. Reconciliations shall be prepared on a monthly basis for all custodial
bank accounts and related bank clearing accounts. These reconciliations shall:

a. be mathematically accurate
b. be prepared within forty-five (45) calendars after the cutoff date. The
cutoff date is the date as of which a bank account is reconciled every month.
It may, or may not, coincide with a prescribed investor reporting date but
shall be consistent from period to period;
c. be reviewed and approved by someone other than the person who prepared the
reconciliations; and
d. document explanations for reconciling items. These reconciling items shall
be resolved within ninety (90) calendar days of their original identification.
2. Funds of the servicing entity shall be advanced in cases where there is an
overdraft in an investor's or mortgagor's account.
3. Each custodial account shall be maintained at a federally insured
depository institution in trust for the applicable investor.
4. Escrow funds held in trust for a mortgagor shall be returned to the
mortgagor with thirty (30) calendar days of payoff of the mortgage loan.

Specified Minimum Servicing Standards (continued)

II.	Mortgage Payments

1. Mortgage payments shall be deposited into the custodial bank accounts and
related bank clearing accounts within two (2) business days of receipt.

2. Mortgage payments made in accordance with the mortgagor's loan documents
shall be posted to the applicable mortgagor records with two (2) business
days of receipt.

3. Mortgage payments shall be allocated to principal, interest, insurance,
taxes or other escrow items in accordance with the mortgagor's loan
documents.

4. Mortgage payments identified as loan payoffs shall be allocated in
accordance with the mortgagor's loan documents.

III. Disbursements

1. Disbursements made via wire transfer on behalf of a mortgagor or
investor shall be made only by authorized personnel.

2. Disbursements made on behalf of a mortgagor or investor shall be posted
with two (2) business days to the mortgagor's or investor's records
maintained by the servicing entity.

3. Tax and insurance payments shall be made on or before the penalty or
insurance policy expiration dates, as indicated on tax bills and insurance
premium notices, respectively, provided that such support has been received
by the servicing entity at least thirty (30) calendar days prior to these
dates.

4. Any late payment penalties paid in conjunction with the payment of any
tax bill or insurance premium notice shall be paid from the servicing
entity's funds and not charged to the mortgagor, unless the late payment
was due to the mortgagor's error or omission.

5. Amounts remitted to investors per the servicer's investor reports shall
agree with the cancelled checks, or other form of payment, or custodial
bank statements.

6. Unissued checks shall bc safeguarded so as to prevent unauthorized
access.

Specified Minimum Servicing Standards (continued)

IV. Investor Accounting and Reporting

1. The servicing entity's investor reports shall agree with, or reconcile
to, investors' records on a monthly basis as to the total unpaid principal
balance and number of loans serviced by the servicing entity

V. Mortgagor Loan Accounting

1. The servicing entity's mortgage loan records shall agree with, or
reconcile to, the records of mortgagors with respect to the unpaid
principal balance on a monthly basis.

2. Adjustments on adjustable rate mortgage (ARM) loans shall be computed
based on the related mortgage note and any ARM rider.

3. Escrow accounts shall be analyzed, in accordance with the mortgagor's
loan documents, on at least an annual basis.

4. Interest on escrow accounts shall be paid, or credited, to mortgagors
in accordance with the applicable state laws.

VI. Delinquencies

1. Records documenting collection efforts shall be maintained during the
period a loan is in default and shall be undated at least monthly. Such
records shall describe the entity's activities in monitoring delinquent
loans including, for example, phone calls, letters and mortgage payment
rescheduling plans in cases where the delinquency is deemed temporary
(i.e., illness or unemployment).

VII. Insurance Policies

1. A fidelity bond and errors and omissions policy shall be in effect on
the servicing entity throughout the reporting period in the amount of
coverage represented to investors in the management's assertion.

Specified Minimum Servicing Standards (continued)

Signed, /s/Edward Burger
Edward Burger, President
Date: March 23 2005