PriceWaterhouseCoopers LLP
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Report of Independent Auditors

To the Board of Directors and Stockholder
of GMAC Mortgage Corporation:

We have examined management's assertion about GMAC Mortgage Corporation and
its subsidiaries' (the "Company") compliance with the minimum servicing
standards ("standards") identified 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 included in the accompanying
management assertion (see Exhibit 1). Management is responsible for the
Company's compliance with those minimum servicing standards. Our
responsibility is to express an opinion on management's assertion about
the entity'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 standards 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 the Company's compliance with the
standards.

Our examination identified certain instances of non compliance with USAP
as it relates to Section I - Custodial Bank Accounts.  Specifically, there
were bank accounts over the course of several months where the Company was
not in full compliance with USAP requirements as it related to the
preparation of custodial bank reconcillations within 45 calendar days of
cutoff as well as the resolution of reconciling items within 90 calendar
days of original identificationS The Company remediated the issues
related to the preparation of custodial bank accounts reconciliations
within 45 calendar days as of December 31, 2004. These instances of non
compliance as well as management's remediation status are more fully
described in management's assertion, which is set forth in Exhibit 1.


In our opinion, management's assertion that the Company complied with the
aforementioned standards except for the instances of non compliance
related to Section I- Custodial Bank Accounts as of and for the year
ended December 31, 2004 is fairly stated, in all material respects.


/s/PricewaterhouseCoopers LLP


March 18,2005

GMAC Mortgage

Exhibit 1
Management's Assertion Concerning Compliance
with USAP Minimum Servicing Standards

March 18, 2005

As of and for the year ended December 31, 2004, GMAC Mortgage Corporation
and its subsidiaries (the "Company") have complied in all material
respects with the minimum servicing standards (the "Standard") set forth
in the Mortgage Bankers Association of America's Uniform Single
Attestation Program for Mortgage Bankers ("USAP") except as follows:
Section 1- CustodIal Bank Accounts requires that reconciliations be prepared
on a monthly basis for all custodial bank accounts and related bank clearing
accounts. These reconciliations shall be prepared within forty-five (45)
calendar days after the cutoff date and reconciling items resolved within
ninety (90) calendar days of their original identification.

Subsequent to the Company's servicing platform conversion that took place in
January of 2004, and as a result of temporary reporting challenges resulting
from this conversion, there were bank accounts over the course of several
months where the Company was not in full compliance with USAP requirements
as it related to the preparation of custodial bank reconciliations within 45
calendar days of cutoff as well as the resolution of reconciling items
within 90 calendar days of original identification.

The Company remediated the issues related to the preparation of custodial
bank accounts reconciliations within 45 calendar days as of December 31,
2004. The Company has subsequently, in 2005, remediated the resolution of
reconciling items within 90 calendar days of original identification.

As of and for this same period, the Company had in effect fidelity bond
and errors and omissions policies in the amounts of $300,000,000 and
$100,000,000, respectively.

GMAC Mortgage


/s/David Applegate
David Applegate
Chief Executive Officer
GMAC Residential Holding Corp.


/s/Ralph Hall
Ralph Hall
Chief Operating Officer
GMAC Residential Holding Corp.

/s/Tony Renzi
Tony Renzi
Executive Vice President
National Servicing Administration
GMAC Residential Holding Corp.

/s/Jim Hillsman
Jim Hillsman
Chief Financial Officer
GMAC Residential Holding Corp.