<PAGE>

                                  EXHIBIT 99.3

<PAGE>

                                                                     Page 1 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  May 25, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>                <C>          <C>              <C>            <C>                   <C>
af1           294751EB4          165600000       3521468.82          105754     3627222.82
af2           294751EC2           34400000                0           81098          81098
af3           294751ED0           70500000                0       206506.25      206506.25
af4           294751EE8           18400000                0        70901.33       70901.33
af5           294751EF5           13057000                0        56569.45       56569.45
af6           294751EG3           22000000                0           85360          85360
av1           294751EH1          175000000       2667398.04       123763.89     2791161.93
av2           294751EJ7           76443000       1364959.27        54465.64     1419424.91
b1            294751EP3            7350000                0        10667.71       10667.71
b2            294751EQ1            7350000                0        13577.08       13577.08
m1            294751EK4           58800000                0          254408         254408
m2            294751EL2           35700000                0          165410         165410
m3            294751EM0            8050000                0        38110.04       38110.04
m4            294751EN8            7350000                0        36002.75       36002.75
r             N/A                        0                0               0              0
x             N/A                700000000       5767028.97               0     5767028.97

              PAYABLE TOTALS                  13,320,855.10    1,302,594.14   14,623,449.24         0.00
              GRAND TOTALS                    13,320,855.10    1,302,594.14   14,623,449.24         0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>             <C>             <C>    <C>                         <C>               <C>
af1                   105754       0        162078531.2               0              0
af2                    81098       0           34400000               0              0
af3                206506.25       0           70500000               0              0
af4                 70901.33       0           18400000               0              0
af5                 56569.45       0           13057000               0              0
af6                    85360       0           22000000               0              0
av1                123763.89       0          172332602               0              0
av2                 54465.64       0        75078040.73               0              0
b1                  10667.71       0            7350000               0              0
b2                  13577.08       0            7350000               0              0
m1                    254408       0           58800000               0              0
m2                    165410       0           35700000               0              0
m3                  38110.04       0            8050000               0              0
m4                  36002.75       0            7350000               0              0
r                          0       0                  0               0              0
x                          0       0          694232971               0              0

                1,302,594.14    0.00   1,386,679,144.90            0.00
                1,302,594.14    0.00   1,386,679,144.90            0.00
</TABLE>

<PAGE>

                                                                     Page 2 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  June 25, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                   <C>
af1           294751EB4        162078531.2          5201770       168876.83      5370646.83
af2           294751EC2           34400000                0           81098           81098
af3           294751ED0           70500000                0       206506.25       206506.25
af4           294751EE8           18400000                0        70901.33        70901.33
af5           294751EF5           13057000                0        56569.45        56569.45
af6           294751EG3           22000000                0           85360           85360
av1           294751EH1          172332602       4630338.28       198852.67      4829190.95
av2           294751EJ7        75078040.73       1902435.29        87278.22      1989713.51
b1            294751EP3            7350000                0        17405.21        17405.21
b2            294751EQ1            7350000                0        22152.08        22152.08
m1            294751EK4           58800000                0          254408          254408
m2            294751EL2           35700000                0          165410          165410
m3            294751EM0            8050000                0        38110.04        38110.04
m4            294751EN8            7350000                0        36002.75        36002.75
r             N/A                        0                0               0               0
x             N/A                694232971       9426662.89            4.87      9426667.76

              PAYABLE TOTALS                  21,161,206.46    1,488,935.70   22,650,142.16         0.00
              GRAND TOTALS                    21,161,206.46    1,488,935.70   22,650,142.16         0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   ------------     -----   ----------------   -------------   ------------
<S>           <C>               <C>    <C>                         <C>            <C>
af1                168876.83       0        156876761.2               0              0
af2                    81098       0           34400000               0              0
af3                206506.25       0           70500000               0              0
af4                 70901.33       0           18400000               0              0
af5                 56569.45       0           13057000               0              0
af6                    85360       0           22000000               0              0
av1                198852.67       0        167702263.7               0              0
av2                 87278.22       0        73175605.44               0              0
b1                  17405.21       0            7350000               0              0
b2                  22152.08       0            7350000               0              0
m1                    254408       0           58800000               0              0
m2                    165410       0           35700000               0              0
m3                  38110.04       0            8050000               0              0
m4                  36002.75       0            7350000               0              0
r                          0       0                  0               0              0
x                       4.87       0        684806308.1               0              0

                1,488,935.70    0.00   1,365,517,938.44            0.00           0.00
                1,488,935.70    0.00   1,365,517,938.44            0.00           0.00
</TABLE>

<PAGE>

                                                                     Page 3 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  July 26, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                     <C>
af1           294751EB4        156876761.2       7442562.41       190474.53     7633036.94
af2           294751EC2           34400000                0           81098          81098
af3           294751ED0           70500000                0       206506.25      206506.25
af4           294751EE8           18400000                0        70901.33       70901.33
af5           294751EF5           13057000                0        56569.45       56569.45
af6           294751EG3           22000000                0           85360          85360
av1           294751EH1        167702263.7       4507327.81       222391.84     4729719.65
av2           294751EJ7        73175605.44        593139.44        97669.11      690808.55
b1            294751EP3            7350000                0        18671.04       18671.04
b2            294751EQ1            7350000                0        23417.92       23417.92
m1            294751EK4           58800000                0          254408         254408
m2            294751EL2           35700000                0          165410         165410
m3            294751EM0            8050000                0        38110.04       38110.04
m4            294751EN8            7350000                0        36002.75       36002.75
r             N/A                        0                0               0              0
x             N/A              684806308.1      10267385.76            5.95    10267391.71

              PAYABLE TOTALS                  22,810,415.42    1,546,996.21   24,357,411.63          0.00
              GRAND TOTALS                    22,810,415.42    1,546,996.21   24,357,411.63          0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>             <C>             <C>    <C>                         <C>            <C>
af1                190474.53       0        149434198.8               0              0
af2                    81098       0           34400000               0              0
af3                206506.25       0           70500000               0              0
af4                 70901.33       0           18400000               0              0
af5                 56569.45       0           13057000               0              0
af6                    85360       0           22000000               0              0
av1                222391.84       0        163194935.9               0              0
av2                 97669.11       0           72582466               0              0
b1                  18671.04       0            7350000               0              0
b2                  23417.92       0            7350000               0              0
m1                    254408       0           58800000               0              0
m2                    165410       0           35700000               0              0
m3                  38110.04       0            8050000               0              0
m4                  36002.75       0            7350000               0              0
r                          0       0                  0               0              0
x                       5.95       0        674538922.4               0              0

                1,546,996.21    0.00   1,342,707,523.02            0.00           0.00
                1,546,996.21    0.00   1,342,707,523.02            0.00           0.00
</TABLE>

<PAGE>

                                                                     Page 4 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  August 25, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                    <C>
af1           294751EB4        149434198.8       7899985.49       194264.46      8094249.95
af2           294751EC2           34400000                0           81098           81098
af3           294751ED0           70500000                0       206506.25       206506.25
af4           294751EE8           18400000                0        70901.33        70901.33
af5           294751EF5           13057000                0        56569.45        56569.45
af6           294751EG3           22000000                0           85360           85360
av1           294751EH1        163194935.9       4325757.83       229832.87       4555590.7
av2           294751EJ7           72582466       2991098.31       102825.16      3093923.47
b1            294751EP3            7350000                0         18987.5         18987.5
b2            294751EQ1            7350000                0        23581.25        23581.25
m1            294751EK4           58800000                0          254408          254408
m2            294751EL2           35700000                0          165410          165410
m3            294751EM0            8050000                0        38110.04        38110.04
m4            294751EN8            7350000                0        36002.75        36002.75
r             N/A                        0                0               0               0
x             N/A              674538922.4      13017295.83           11.85     13017307.68

              PAYABLE TOTALS                  28,234,137.46    1,563,868.91   29,798,006.37          0.00
              GRAND TOTALS                    28,234,137.46    1,563,868.91   29,798,006.37          0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>            <C>              <C>    <C>                         <C>            <C>
af1                194264.46      0         141534213.3               0              0
af2                    81098      0            34400000               0              0
af3                206506.25      0            70500000               0              0
af4                 70901.33      0            18400000               0              0
af5                 56569.45      0            13057000               0              0
af6                    85360      0            22000000               0              0
av1                229832.87      0           158869178               0              0
av2                102825.16      0         69591367.69               0              0
b1                   18987.5      0             7350000               0              0
b2                  23581.25      0             7350000               0              0
m1                    254408      0            58800000               0              0
m2                    165410      0            35700000               0              0
m3                  38110.04      0             8050000               0              0
m4                  36002.75      0             7350000               0              0
r                          0      0                   0               0              0
x                      11.85      0         661521626.6               0              0

                1,563,868.91   0.00    1,314,473,385.56            0.00           0.00
                1,563,868.91   0.00    1,314,473,385.56            0.00           0.00
</TABLE>

<PAGE>

                                                                     Page 5 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  September 27, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                   <C>
af1           294751EB4        141534213.3       8859655.56       223778.29      9083433.85
af2           294751EC2           34400000                0        81089.78        81089.78
af3           294751ED0           70500000                0       206485.33       206485.33
af4           294751EE8           18400000                0        70886.96        70886.96
af5           294751EF5           13057000                0        56563.72        56563.72
af6           294751EG3           22000000                0        85351.35        85351.35
av1           294751EH1          158869178       4779469.28       270116.43      5049585.71
av2           294751EJ7        69591367.69       3694109.74       118960.19      3813069.93
b1            294751EP3            7350000                0        21995.71        21995.71
b2            294751EQ1            7350000                0        27048.32        27048.32
m1            294751EK4           58800000                0       254382.22       254382.22
m2            294751EL2           35700000                0       165393.24       165393.24
m3            294751EM0            8050000                0        38106.18        38106.18
m4            294751EN8            7350000                0         35999.1         35999.1
r             N/A                        0                0               0               0
x             N/A              661521626.6       15300611.5         3134.64     15303746.14

              PAYABLE TOTALS                  32,633,846.08    1,659,291.46   34,293,137.54         0.00
              GRAND TOTALS                    32,633,846.08    1,659,291.46   34,293,137.54         0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>             <C>             <C>    <C>                         <C>            <C>
af1                223778.29       0        132674557.7               0              0
af2                 81089.78       0           34400000               0              0
af3                206485.33       0           70500000               0              0
af4                 70886.96       0           18400000               0              0
af5                 56563.72       0           13057000               0              0
af6                 85351.35       0           22000000               0              0
av1                270116.43       0        154089708.8               0              0
av2                118960.19       0        65897257.95               0              0
b1                  21995.71       0            7350000               0              0
b2                  27048.32       0            7350000               0              0
m1                 254382.22       0           58800000               0              0
m2                 165393.24       0           35700000               0              0
m3                  38106.18       0            8050000               0              0
m4                   35999.1       0            7350000               0              0
r                          0       0                  0               0              0
x                    3134.64       0        646221015.1               0              0

                1,659,291.46    0.00   1,281,839,539.48            0.00           0.00
                1,659,291.46    0.00   1,281,839,539.48            0.00           0.00
</TABLE>

<PAGE>

                                                                     Page 6 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  October 25, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                    <C>
af1           294751EB4        132674557.7      11612012.08          201202     11813214.08
af2           294751EC2           34400000                0         81089.5         81089.5
af3           294751ED0           70500000                0       206484.61       206484.61
af4           294751EE8           18400000                0        70886.47        70886.47
af5           294751EF5           13057000                0        56563.52        56563.52
af6           294751EG3           22000000                0        85351.06        85351.06
av1           294751EH1        154089708.8       4096382.79       249256.79      4345639.58
av2           294751EJ7        65897257.95       3846387.48       107108.43      3953495.91
b1            294751EP3            7350000                0        19949.08        19949.08
b2            294751EQ1            7350000                0        24236.13        24236.13
m1            294751EK4           58800000                0       254381.35       254381.35
m2            294751EL2           35700000                0       165392.67       165392.67
m3            294751EM0            8050000                0        38106.05        38106.05
m4            294751EN8            7350000                0        35998.98        35998.98
r             N/A                        0                0               0               0
x             N/A              646221015.1      17549910.17        41262.48     17591172.65

              PAYABLE TOTALS                  37,104,692.52    1,637,269.12   38,741,961.64          0.00
              GRAND TOTALS                    37,104,692.52    1,637,269.12   38,741,961.64          0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>             <C>             <C>    <C>                         <C>            <C>
af1                   201202       0        121062545.6               0              0
af2                  81089.5       0           34400000               0              0
af3                206484.61       0           70500000               0              0
af4                 70886.47       0           18400000               0              0
af5                 56563.52       0           13057000               0              0
af6                 85351.06       0           22000000               0              0
av1                249256.79       0          149993326               0              0
av2                107108.43       0        62050870.47               0              0
b1                  19949.08       0            7350000               0              0
b2                  24236.13       0            7350000               0              0
m1                 254381.35       0           58800000               0              0
m2                 165392.67       0           35700000               0              0
m3                  38106.05       0            8050000               0              0
m4                  35998.98       0            7350000               0              0
r                          0       0                  0               0              0
x                   41262.48       0        628671104.9               0              0

                1,637,269.12    0.00   1,244,734,846.96            0.00           0.00
                1,637,269.12    0.00   1,244,734,846.96            0.00           0.00
</TABLE>

<PAGE>

                                                                     Page 7 of 8

                       Client Distribution History Report
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  November 26, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                    <C>
af1           294751EB4        121062545.6      11075415.15       219768.44     11295183.59
af2           294751EC2           34400000                0        81087.91        81087.91
af3           294751ED0           70500000                0       206480.56       206480.56
af4           294751EE8           18400000                0        70883.69        70883.69
af5           294751EF5           13057000                0        56562.41        56562.41
af6           294751EG3           22000000                0        85349.38        85349.38
av1           294751EH1          149993326       6153480.17       289617.75      6443097.92
av2           294751EJ7        62050870.47       4030263.17       120363.72      4150626.89
b1            294751EP3            7350000                0        23402.76        23402.76
b2            294751EQ1            7350000                0        28302.15        28302.15
m1            294751EK4           58800000                0       254376.35       254376.35
m2            294751EL2           35700000                0       165389.42       165389.42
m3            294751EM0            8050000                0         38105.3         38105.3
m4            294751EN8            7350000                0        35998.27        35998.27
r             N/A                        0                0               0               0
x             N/A              628671104.9      19431924.28        63510.24     19495434.52

              PAYABLE TOTALS                  40,691,082.77    1,739,198.35   42,430,281.12          0.00
              GRAND TOTALS                    40,691,082.77    1,739,198.35   42,430,281.12          0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>             <C>             <C>    <C>                         <C>            <C>
af1                219768.44       0        109987130.5               0              0
af2                 81087.91       0           34400000               0              0
af3                206480.56       0           70500000               0              0
af4                 70883.69       0           18400000               0              0
af5                 56562.41       0           13057000               0              0
af6                 85349.38       0           22000000               0              0
av1                289617.75       0        143839845.8               0              0
av2                120363.72       0         58020607.3               0              0
b1                  23402.76       0            7350000               0              0
b2                  28302.15       0            7350000               0              0
m1                 254376.35       0           58800000               0              0
m2                 165389.42       0           35700000               0              0
m3                   38105.3       0            8050000               0              0
m4                  35998.27       0            7350000               0              0
r                          0       0                  0               0              0
x                   63510.24       0        609239180.6               0              0

                1,739,198.35    0.00   1,204,043,764.19            0.00           0.00
                1,739,198.35    0.00   1,204,043,764.19            0.00           0.00
</TABLE>

<PAGE>

Date: 3/18/2005        Client Distribution History Report            Page 8 of 8
                  Date Range - From: 01/01/2003 to: 12/31/2004

Payable Date  December 27, 2004

Client  26718   Equity One Mortgage Pass-Through Certificates, Series 2004-2

<TABLE>
<CAPTION>
Pool Number                    Beginning                                                      Interest
Series        Cusip No.        Prin Bal      Principal Paid   Interest Paid   Total Distrib   Adjustment
-----------   --------------   -----------   --------------   -------------   -------------   ----------
<S>           <C>              <C>            <C>              <C>            <C>                    <C>
af1           294751EB4        109987130.5      12117795.39       216921.37     12334716.76
af2           294751EC2           34400000                0        81087.98        81087.98
af3           294751ED0           70500000                0       206480.73       206480.73
af4           294751EE8           18400000                0        70883.81        70883.81
af5           294751EF5           13057000                0        56562.46        56562.46
af6           294751EG3           22000000                0        85349.45        85349.45
av1           294751EH1        143839845.8       6898984.53       299787.24      7198771.77
av2           294751EJ7         58020607.3       3475564.04       121424.59      3596988.63
b1            294751EP3            7350000                0         24241.7         24241.7
b2            294751EQ1            7350000                0        28987.99        28987.99
m1            294751EK4           58800000                0       254376.57       254376.57
m2            294751EL2           35700000                0       165389.56       165389.56
m3            294751EM0            8050000                0        38105.33        38105.33
m4            294751EN8            7350000                0         35998.3         35998.3
r             N/A                        0                0               0               0
x             N/A              609239180.6      20783820.17       104441.71     20888261.88

              PAYABLE TOTALS                  43,276,164.13    1,790,038.79   45,066,202.92          0.00
              GRAND TOTALS                    43,276,164.13    1,790,038.79   45,066,202.92          0.00

<CAPTION>
Pool Number   Net Interest
Series        Distribution     Other   Ending Prin Bal    Int @Mtg Rate   Servicer Fee
-----------   --------------   -----   ----------------   -------------   ------------
<S>             <C>             <C>    <C>                         <C>            <C>
af1                216921.37       0         97869335.1               0              0
af2                 81087.98       0           34400000               0              0
af3                206480.73       0           70500000               0              0
af4                 70883.81       0           18400000               0              0
af5                 56562.46       0           13057000               0              0
af6                 85349.45       0           22000000               0              0
av1                299787.24       0        136940861.3               0              0
av2                121424.59       0        54545043.26               0              0
b1                   24241.7       0            7350000               0              0
b2                  28987.99       0            7350000               0              0
m1                 254376.57       0           58800000               0              0
m2                 165389.56       0           35700000               0              0
m3                  38105.33       0            8050000               0              0
m4                   35998.3       0            7350000               0              0
r                          0       0                  0               0              0
x                  104441.71       0        588455360.4               0              0

                1,790,038.79    0.00   1,160,767,600.06            0.00           0.00
                1,790,038.79    0.00   1,160,767,600.06            0.00           0.00
</TABLE>