EXHIBIT 99.3 -- Report of Management

(a)

[Ocwen logo]



MANAGEMENT ASSERTION ON COMPLIANCE WITH USAP

March 11,2005

As of and for the year ended December 31, 2004,
except as specifically noted below, Ocwen
Federal Bank FSB (the "Bank") has complied in
all material respects with the minimum
servicing standards set forth in the Mortgage
Bankers Association of America's ("MBA's")
Uniform Single Attestation Program for Mortgage
Bankers ("USAP").

- Standard: Reconciliations shall be prepared
on a monthly basis for all custodial bank
accounts and related bank clearing accounts.
These reconciliations shall be mathematically
accurate, be prepared within forty five (45)
calendar days of the cutoff date; be reviewed
and approved by someone other than the person
who prepared the reconciliation; and document
explanations for reconciling items. These
reconciling items shall be resolved within
ninety (90) calendar days of their original
identification.


Certain reconciling items which arose during
the year ended December 31, 2004 were not
cleared within 90 days of their original
identification. Management has developed
and implemented an action plan and continues
to resolve outstanding reconciling items.
All significant reconciling items have been
isolated and reviewed by the Bank, and the
Bank believes these items will not have a
material impact on the status of any custodial
accounts.


- Standard: Adjustments on ARM loans shall
be computed based on the related mortgage
note and any ARM rider.

Certain ARM loans serviced by the Bank have
odd due dates (i.e., due dates other than
the first day of the month). The mortgage
notes or ARM riders for some of the odd
due date loans establish a look-back date
for the applicable index at a certain number
of days prior to each Change Date, for
example, 45 days prior to the effective
Change Date. The Bank determines the
look-back date by using a 30-day month
when subtracting the actual number of
look-back days stated in the Mortgage Note
or ARM rider from the effective Change
Date. Some months that have more or less
than 30 days may therefore have a
miscalculated look-back date, resulting in
the index rate being used on an incorrect
date, but generally no more than a
two-business day difference. This has
resulted in some minor differences in the
calculated monthly payment amount, which
could be either higher or lower, depending
on the movement in interest rates.

Management has implemented a corrective
action plan to revise the internal procedures
for processing these types of ARM adjustments,
which includes adjusting the borrower accounts
where necessary. The Bank believes that these
differences did not have a material impact on
any mortgagor or investor.


As of and for this same period, the Bank
had in effect a fidelity bond in the amount
of $15,000,000 and an errors and omissions
policy in the amount of $5,000,000,


/s/ Ronald M. Faris
Ronald M. Faris
President

/s/ Scott w. Anderson
Scott W. Anderson
Senior Vice President of Residential Assets

/s/ Brian J. LaForest
Brian J. LaForest
Director of Investor Reporting

/s/ Paul E. Neff
Paul E. Neff
Director of Servicing Operations

(b)

[Wells Fargo logo]
					1 Home Campus
					Des Moines, IA 50328


Assertion of Management or Wells Fargo Home Mortgage,
a division of Wells Fargo Bank, N.A.



As of and for the year ended December 31, 2004,
Wells Fargo Home Mortgage, a division of Wells
Fargo Bank, N.A. (the Company) has complied in
all material respects with the minimum servicing
standards set forth in the Mortgage Bankers
Association of America's Uniform Single Attestation
Program for Mortgage Bankers.

As of and for this same period, the Company
had in effect a fidelity bond along with an
errors and omissions policy in the amounts
of $100 million and $20 million, respectively.




/s/ Michael J. Heid     February 23, 2005
Michael J. Heid, Division President,
Capital Markets, Finance, & Administration
Wells Fargo Home Mortgage, a division of
Wells Fargo Bank, N.A.

/s/ Franklin R. Codel	February 23. 2005
Franklin R. Codel Executive Vice President,
Finance and Corporate Real Estate
Wells Fargo Home Mortgage,
a division of Wells Fargo Bank, N.A.



/s/ Michael Lepore 	February 23. 2005
Michael Lepore, Executive Vice President,
Institutional Lending Wells Fargo Home
Mortgage, a division of Wells Fargo Bank, NA.




/s/ Mary Coffin         February 23, 2005
Mary Coffin, Executive Vice President,
Servicing & Post Closing Wells Fargo
Home Mortgage, a division of Wells Fargo Bank, N.A.