UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    FORM 10-K

[X]    Annual  report  pursuant  to  Section  13 or  15(d)  of the Securities
       Exchange Act of 1934 for the fiscal year ended December 31, 2003

[ ]    Transition report pursuant to Section 13 or 15(d) of the
       Securities Exchange Act of 1934 for the transition period from __ to __


                      Commission File Number  333-111379-01

                       GREENWICH CAPITAL ACCEPTANCE, INC.
            (As Depositor under the Pooling and Servicing Agreement,
          Dated as of September 1, 2004, Providing for the Issuance of
                      Greenpoint Mortgage Loan Trust 2004-1
             Mortgage Loan Pass-Through Certificates, Series 2004-1
             (Exact name of registrant as specified in its charter)


       Delaware                                       06-1199884
 (State or other jurisdiction of               (IRS Employer Identification No.)
     incorporation)

600 Steamboat Road
Greenwich, CT                                              06830
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code :  (203) 625-2700

                         GREENPOINT MORTGAGE LOAN TRUST 2004-1
               Mortgage Loan Pass-Through Certificates, Series 2004-1
            (Title of each class of securities covered by this Form)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Exchange Act Rule 12b-2). Yes [ ] No [X]

                   Documents incorporated by reference: None



<PAGE>

PART I

Item 1.  Business.

         Not Applicable.

Item 2.  Properties.

         Not Applicable.

Item 3.  Legal Proceedings

     The Registrant is not aware of any material legal  proceeding  with respect
to, the Company, the Servicer or the Trustee, as related to the Trust.

Item 4.  Submission of Matters to a Vote of Security Holders

     No matter was  submitted  to a vote or  consent  of Holders of the  Offered
Certificates during the fiscal year covered by this report.


PART II

Item 5.  Market for Registrant's Common Equity, Related Stockholder Matters and
         Issuer Purchases of Equity Securities.

     The Trust does not issue stock. There is currently no established secondary
market for the  Certificates.  As of December 31, 2004, the number of holders of
each Class of Offered Certificates was 12.

Item 6.  Selected Financial Data

         Not Applicable.

Item 7.  Management's Discussion and Analysis of Financial condition and
         Results of Operation.

         Not Applicable.

Item 7A. Quantitative and Qualitative Disclosures about Market Risk.

         Not Applicable.

Item 8.  Financial Statements and Supplementary Data

         Not Applicable.

Item 9.  Changes in and Disagreements with Accountants on Accounting and
         Financial Disclosure

     There was no change of accountants or disagreement  with accountants on any
matter of accounting principles or practices or financial disclosure.

Item 9A. Controls and Procedures.

         Not Applicable.

Item 9B. Other Information.

         None.
                                      -2-

<PAGE>

PART III

Item 10. Directors and Executive Officers of the Registrant.

         Not Applicable.

Item 11. Executive Compensation.

         Not Applicable.

Item 12. Security Ownership of Certain Beneficial Owners and Management.

         Not Applicable.

Item 13. Certain Relationships and Related Transactions.

         No reportable transactions have occurred.

Item 14. Principal Accounting Fees and Services.

         Not Applicable.

PART IV

Item 15. Exhibits, Financial Statement Schedules.

(a) The following documents are filed as part of this report:

    (1) Financial Statements:

         Not Applicable.

    (2)  Financial Statement Schedules:

         Not Applicable.

    (3)  Exhibits:

    Rule 13a-14(a)/15d-14(a) Certification, filed as 33.1 hereto.

    Annual Summary Statement filed as Exhibit 99.1 hereto.

    Annual Independent Accountants' Servicing Report
    with Management Assertion, filed as Exhibit 99.2 hereto.

    Annual Servicer's Statement as to Compliance, filed as Exhibit 99.3, hereto.

(b) Exhibits to this report are listed in Item (15)(a)(3)above.

(c) Not Applicable.



                                      -3-

<PAGE>


GreenPoint Mortgage Loan Trust 2004-1
Mortgage Loan Pass-Through Certificates, Series 2004-1
-----------------------------------------------------------------------

SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) of the Securities  Exchange
Act of 1934,  the  registrant  has duly  caused  this report to be signed on its
behalf by the undersigned thereunto duly authorized.

                                Greenwich Capital Acceptance, Inc.

                            By: /s/  Robert McGinnis
                                --------------------------------------
                          Name: Robert McGinnis
                         Title: President
                          Date: March 30, 2005


                                      -4-


<page>

SUPPLEMENTAL  INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO
SECTION 12 OF THE ACT.

The  registrant  has not sent an annual report or proxy material to its security
holders.  The registrant  will not be sending an annual report or proxy material
to its security holders subsequent to the filing of this form.

                                      -5-



                                 EXHIBIT INDEX

Exhibit     Description

31.1    Rule 13a-14(a)/15d-14(a) Certification

99.1    Annual Summary Statement

99.2    Annual Independent Accountant's Servicing Report
        with Management Assertion

99.3    Annual  Servicer's Statement as to Compliance


                                      -6-
<PAGE>

                                  EXHIBIT 31.1
                     Rule 13a-14(a)/15d-14(a) Certification

                             DEPOSITOR CERTIFICATION

     Re: GreenPoint Mortgage Loan Trust 2004-1, Mortgage Loan Pass-Through
Certificates, Series 2004-1 (the "Trust"), issued pursuant to the Trust
Agreement,  dated as of September 1, 2004 (the "Trust  Agreement"),  among
JPMorgan  Chase Bank,  N.A. , as trustee  (the "Trustee"),  and Greenwich
Capital Acceptance Inc., as depositor (the  "Depositor"), and  serviced  by
GreenPoint Mortgage Funding, Inc., (the  "Servicer"),  pursuant  to the
respective servicing agreements (the "Servicing Agreements").

I, Robert McGinnis, certify that:

     1. I have reviewed this annual report on Form 10-K ("Annual  Report"),  and
all reports on Form 8-K containing  distribution reports (collectively with this
Annual Report,  the "Reports")  filed in respect of periods included in the year
covered by this Annual Report, of the Trust;

     2. Based on my knowledge, the information in the Reports, taken as a whole,
does not  contain  any untrue  statement  of a material  fact or omit to state a
material  fact  necessary  to  make  the  statements   made,  in  light  of  the
circumstances  under which such  statements  were made, not misleading as of the
last day of the period covered by this Annual Report;

     3.  Based  on my  knowledge,  the  distribution  or  servicing  information
required  to be  provided  to the  Trustee  by the  Servicers  under  the  Trust
Agreement and Servicing Agreements,  for inclusion in the Reports is included in
the Reports;

     4. Based on my knowledge and upon the annual compliance  statement included
in this Annual  Report and required to be delivered to the Trustee in accordance
with the terms of the  Servicing  Agreements,  and  except as  disclosed  in the
Reports,  the Servicers have  fulfilled  their  obligations  under the Servicing
Agreements; and

     5. The  Reports  disclose  all  significant  deficiencies  relating  to the
Servicer's compliance with the minimum servicing standards based upon the report
provided by an  independent  public  accountant,  after  conducting  a review in
compliance with the Uniform Single  Attestation  Program for Mortgage Bankers or
similar  procedure,  as set forth in the Trust  Agreement,  that is  included in
the Reports.

     In giving the certifications above, I have reasonably relied on information
provided  to me by the  following  unaffiliated  parties:  the  Trustee  and the
Servicer.

            Greenwich Capital Acceptance, Inc.

       By:  /s/ Robert McGinnis
            --------------------------------------
     Name:  Robert McGinnis
    Title:  President

     Date:  March 30, 2005



                                      -7-

<page>



                                  EXHIBIT 99.1
                            Annual Summary Statement
                                ----------------

<table>

       <c>       <c>

---------------------------------------------------------------------------------------------------------------------------------
CUSIP         ORIGINAL                  PAID               PAID         TOTAL PAID      ENDING PRIN     CERT POOL FACTOR
             PRINCIPAL                PRINCIPAL           INTEREST                        BALANCE       (12/31/04 Per 1000)
---------------------------------------------------------------------------------------------------------------------------------

39538VAA8   264,502,000.00        31,702,817.02    4,162,828.52    35,865,645.54    232,799,182.98    880.14148468
39538VAD2     9,247,240.75            39,353.12      205,719.49       245,072.61      9,207,887.63    995.74433920
39538VAE0     7,129,352.33            22,365.47      121,654.89       144,020.36      7,106,986.86    996.86290297
39538VAF7     5,561,316.68            16,588.59       95,787.82       112,376.41      5,544,728.09    997.01714703
39538VAB6   283,068,248.72                 0.00    5,669,865.73     5,669,865.73    283,068,248.72   1000.00000000
39538VAJ9     4,016,373.78             6,989.87       36,243.28        43,233.15      4,009,383.91    998.25965650
39538VAH3     5,278,328.96            14,853.15       77,015.10        91,868.25      5,263,475.81    997.18601282
39538VAG5     4,429,495.60             9,615.95       49,859.67        59,475.62      4,419,879.65    997.82910948
39538VAC4     2,877,145.40               100.00            0.54           100.54      2,877,045.40    999.96524333
N/C105837             0.00                 0.00            0.00             0.00              0.00   1000.00000000
---------------------------------------------------------------------------------------------------------------------------------
</table>




                                  EXHIBIT 99.2
                Annual Independent Accountants' Servicing Report
                            with Management Assertion





KPMG LLP
55 Second Street
San Francisco, CA  94105


                        Independent Accountants' Report

The Board of Directors
North Fork Bancorporation Inc.:

We have examined management's assertion, included in the accompanying Management
Assertion,  that GreenPoint Mortgage Funding, Inc., a wholly owned subsidiary of
North Fork  Bancorporation,  Inc., complied with the minimum servicing standards
set forth in the  Mortgage  Bankers  Association  of  America's  Uniform  Single
Attestation  Program for  Mortgage  Bankers  (USAP) as of and for the year ended
December 31, 2004.  Management is responsible for GreenPoint  Mortgage  Funding,
Inc.'s compliance with those 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  conducted  in  accordance  with  attest  ion  standards
established  by the  American  Institute of Certified  Public  Accountants  and,
accordingly,  included  examining,  on a test basis,  evidence about  GreenPoint
Mortgage  Funding,  Inc.'s  compliance  with  the  minimum  servicing  standards
specified above and performing such other procedures as we considered  necessary
in the  circumstances.  We believe  that our  examination  provides a reasonable
basis for our opinion. Our examination does not provide a legal determination on
GreenPoint  Mortgage  Funding,  Inc.'s  compliance  with the  minimum  servicing
standards.

Management   identified  the  following  material   noncompliance  with  minimum
servicing standards over mortgage payments as of and for the year ended December
31,  2004.  The mortgage  interest  rate changes on certain Home Equity Lines of
Credit  were  not  adjusted  at the  appropriate  date in  accordance  with  the
mortgagor's loan documents. This resulted in the mortgagor being overcharged for
the period from the interest rate change until the correct effective date, which
was the first day of the following month.

In our  opinion,  except for the material  noncompliance  described in the third
paragraph,   management's  assertion  that  GreenPoint  Mortgage  Funding,  Inc.
complied with the aforementioned  minimum servicing  standards as of and for the
year ended December 31, 2004 is fairly stated, in all material respects.


By:  /s/ KPMG LP
-----------------
March 17, 2005

<page>

                                                        GreenPoint Mortgage
                                                        Servicing Division

                              Management's Assertion

March 17, 2005

As of and for the year ended  December 31, 2004,  GreenPoint  Mortgage  Funding,
Inc.  (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,  except  for  the
following:

..    In certain  circumstances,  the mortgage  interest  rate changes on certain
     Home Equity  Lines of Credit were not adjusted at the  appropriate  date in
     accordance  with the  mortgagor's  loan  documents.  This  resulted  in the
     mortgagor  being  overcharged  for the period from the interest rate change
     until the correct  effective date, which was the first day of the following
     month.  This error was identified by Management and the systemic issue that
     caused the  incorrect  calculation  of interest was resolved  prior to the
     issuance of this letter.

As of and for the year ended  December  31,  2004,  the  Company had in effect a
fidelity  bond in the  amount  of  $25,000,000  for a single  loss  limit and an
aggregate limit of liability of $50,000,000  and an errors and omissions  policy
in the amount of $25,000,000  for a single loss limit and not aggregate limit of
liability.

Very truly yours,

GreenPoint Mortgage Funding, Inc., as Servicer

By: /s/ S. A. Ibrahim                   By: /s/ David Petrini
-----------------------                 -----------------------
S. A. Ibrahim                           David Petrini
Chief Executive Officer                 Chief Financial Officer


By: /s/ Mike De Francesco
-------------------------
Mike De Francesco
Senior Vice President - Loan Administration



<PAGE>


                                  EXHIBIT 99.3
                  Annual Servicer's Statement as to Compliance

GreenPoint Mortgage

P.O. Box 84013
Columbus, GA  31908-4013
Tel 800.784.5566


March 15, 2005

Mark Hagelin
RBS Greenwich Capital
600 Steamboat Road
Greenwich, CT  06830


     Re:  Annual Statement of Compliance for the Servicing  Agreements listed on
          Exhibit A hereto (each as "Agreement) by GreenPoint  Mortgage Funding,
          Inc., as Servicer

Ladies and Gentleman:

     Pursuant to the Servicing  Agreement  with respect to the  above-referenced
offering,  the  undersigned  officer of GreenPoint  Mortgage  Funding,  Inc. (as
"Servicer")  hereby  certifies as to the following  (capitalized  terms have the
meanings used in the Servicing Agreement):

     1.   A review of the activities of the Servicer and its  performance  under
          the Servicing  Agreement  during the  preceding  fiscal year since the
          inception of the trust has been made under the direct  supervision  of
          the undersigned officer; and

     2.   To the  best  knowledge  of the  undersigned  officer,  based  on such
          review,  the Servicer has  fulfilled  all of its material  obligations
          under the Servicing  Agreement  throughout the applicable  period, and
          there has been no known default in the  fulfillment  of the Servicer's
          material obligations throughout such period.

Very truly yours

GREENPOINT MORTGAGE
FUNDING, INC., as Servicer

By:  /s/ Michael DeFrancesco
     ------------------------
Name:  Michael DeFrancesco
Title: Senior Vice President
       Loan Administration


                                   Exhibit A

1. GreenPoint 2004-1