GreenPoint MortgageSecurities Inc. GreenPoint Home Equity Loan Trust2003-1 Home Equity Loan Asset-Backed Notes Series 2003-1

EX-10.1 3 dex101.htm MONTHLY PAYMENT DATE STATEMENT DATED SEPTEMBER 15, 2003 Monthly Payment Date Statement dated September 15, 2003

Exhibit 10.1

 

THE BANK OF NEW YORK

                

101 Barclay Street, 8 West

           Distribution Date: 9/15/03

New York, NY 10286

                

Officer:

  

Trish O’Neill-Manella    ###-###-####

            

Associate:

   Cirino Emanuele             ###-###-####            

 

GreenPoint Mortgage Securities Inc.

 

GreenPoint Home Equity Loan Trust 2003-1

 

Home Equity Loan Asset-Backed Notes

Series 2003-1

 

Certificateholder Monthly Distribution Summary

 

Class

    Cusip
    Class
Description
    Certificate
Rate Type
    Beginning
Balance
    Pass
Through
Rate
(%)
    Principal
Distribution
    Interest
Distribution
    Total
Distribution
    Current
Realized
Losses
    Ending
Balance
    Cumulative
Realized
Losses

A

    395385AP2    Senior    Var-Act/360    254,151,576.49    1.380000    14,632,413.35    302,016.79    14,934,430.14    —      239,519,163.14    —  

R

         Senior    Fix-30/360    —      0.000000    —      —      —      —      —      —  
                   
       
  
  
  
  
  

Totals

                   254,151,576.49         14,632,413.35    302,016.79    14,934,430.14    —      239,519,163.14    —  
                   
       
  
  
  
  
  

 

Principal Distribution Detail

 

Class

    Cusip
    Original
Certificate
Balance
    Beginning
Certificate
Balance
    Scheduled
Principal
Distribution
    Accretion
Principal
    Unscheduled
Principal
Adjustments
    Net Principal
Distribution
    Current
Realized
Losses
    Ending
Certificate
Balance
    Ending
Certificate
Factor

A

    395385AP2    290,418,000.00    254,151,576.49    14,632,413.35    —      —      14,632,413.35    —      239,519,163.14    0 ###-###-####

R

         —      —      —      —      —      —      —      —      0.00000000000
         
  
  
  
  
  
  
  
    

Totals

         290,418,000.00    254,151,576.49    14,632,413.35    —      —      14,632,413.35    —      239,519,163.14     
         
  
  
  
  
  
  
  
    

 

Interest Distribution Detail

 

Class

    Beginning
Certificate
Balance
    Pass
Through
Rate (%)
    Accrued
Optimal
Interest
    Cumulative
Unpaid
Interest
    Deferred
Interest
   

Total
Interest

Due

    Net
Prepayment
Int
Shortfall
    Unscheduled
Interest
Adjustment
    Interest Paid

A

    254,151,576.49    1.380000    302,016.79    —      —      302,016.79    —      —      302,016.79

R

    —      0.000000    —      —      —      —      —      —      —  
    
       
  
  
  
  
  
  

Totals

    254,151,576.49         302,016.79    —      —      302,016.79    —      —      302,016.79
    
       
  
  
  
  
  
  

 

Current Payment Information

 

Factors per $1,000

 

Class

    Cusip
    Original
Certificate
Balance
   

Beginning

Cert.

Notional

Balance

    Principal
Distribution
    Interest
Distribution
   

Ending

Cert.

Notional

Balance

    Pass
Through
Rate (%)

A

    395385AP2    290,418,000.00    875 ###-###-####    50 ###-###-####    1 ###-###-####    824 ###-###-####    1.380000

R

         —      0.000000000    0.000000000    0.000000000    0.000000000    0.000000
         
  
  
  
  
    

Totals

         290,418,000.00    875 ###-###-####    50 ###-###-####    1 ###-###-####    824 ###-###-####     
         
  
  
  
  
    

Pool Level Data

          

Distribution Date

         9/15/2003

Cut-off Date

         5/1/2003

Determination Date

         9/1/2003

Accrual Period 30/360

    Begin    8/1/2003
     End    9/1/2003

Number of Days in 30/360 Accrual Period

         30

Accrual Period Actual Days

    Begin    8/15/2003
     End    9/15/2003

Number of Days in Actual Accrual Period

         31

 

Collateral Information

Group 1

 

Cut-Off Date Balance

    287,542,470.48  

Beginning Aggregate Pool Stated Principal Balance

    254,929,274.35  

Ending Aggregate Pool Stated Principal Balance

    241,308,817.07  

Beginning Aggregate Certificate Stated Principal Balance

    254,151,576.49  

Ending Aggregate Certificate Stated Principal Balance

    239,519,163.14  

Beginning Aggregate Loan Count

    6061  

Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement

    305  

Ending Aggregate Loan Count

    5756  

Beginning Weighted Average Loan Rate (WAC)

    6.837238 %

Ending Weighted Average Loan Rate (WAC)

    6.819665 %

Beginning Net Weighted Average Loan Rate

    6.330238 %

Ending Net Weighted Average Loan Rate

    6.312665 %

Weighted Average Maturity (WAM) (Months)

    208  

Aggregate Pool Prepayment

    11,152,399.30  

Pool Prepayment Rate

    41.8510 CPR  

Certificate Account

     

Beginning Balance

    —  

Deposit

     

Payments of Interest and Principal

    15,077,776.14

Liquidation Proceeds

    —  

All Other Proceeds

    —  

Other Amounts

    —  

Total Deposits

    15,077,776.14

Withdrawals

     

Reimbursement of Servicer Advances

    —  

Payment of Master Servicer Fees

    106,220.53

Payment of Sub Servicer Fees

    —  

Payment of Other Fees

    —  

Payment of Insurance Premium(s)

    —  

Payment of Personal Mortgage Insurance

    —  

Other Permitted Withdrawal per the Pooling and Service Agreement

    37,125.47

Payment of Principal and Interest

    14,934,430.14

Total Withdrawals

    15,077,776.14

Ending Balance

    —  

 

Delinquency Information

 

Group 1                                     
Delinquency    30-59 Days
     60-89 Days
     90-179 Days
     180-269 Days
     270+ Days
     Totals
  

Scheduled Principal Balance

    2,409,790.42     858,888.95     1,061,489.28     —       —       4,330,168.65  

Percentage of Total Pool Balance

    0.998633 %   0.355929 %   0.439888 %   0.000000 %   0.000000 %   1.794451 %

Number of Loans

    67     19     17     0     0     103  

Percentage of Total Loans

    1.164003 %   0.330090 %   0.295344 %   0.000000 %   0.000000 %   1.789437 %

Foreclosure

                                     

Scheduled Principal Balance

                                  170,700.00  

Percentage of Total Pool Balance

                                  0.070739 %

Number of Loans

                                  2  

Percentage of Total Loans

                                  0.034746 %

Bankruptcy

       

Scheduled Principal Balance

    88,577.27  

Percentage of Total Pool Balance

    0.036707 %

Number of Loans

    4  

Percentage of Total Loans

    0.069493 %

REO

       

Scheduled Principal Balance

    —    

Percentage of Total Pool Balance

    0.000000 %

Number of Loans

    0  

Percentage of Total Loans

    0.000000 %

Book Value of all REO Loans

    —    

Percentage of Total Pool Balance

    0.000000 %

Current Realized Losses

    —    

Additional Gains (Recoveries)/Losses

    —    

Total Realized Losses

    —    

 

Reserve Fund Information

 

Demand Note Reserve Account

     

Beginning Balance

     

Deposits

    2,875,529.52

Accrued Interest

    —  

Withdrawals

    —  

Ending Balance

    —  
     2,875,529.52

 

OVERCOLLATERALIZATION REPORTING

 

Ending Overcollateralization Amount

    1,789,653.93

Specified Overcollateralization Amount

    7,188,561.76

Overcollateralization Reduction Amount

    —  

Excess Interest used as Accelerated Principal

    1,011,956.07

ADDITIONAL REPORTING ITEMS

 

Cumulative losses as percentage of originial Pool Balance

    0.00000000 %

Cumulative losses as percentage of current Pool Balance

    0.00000000 %

12-month rolling average of cumulative losses as percentage of original Pool Balance

    0.00000000 %

3-month rolling average of Mortgage Loans 60+ days delinquent

    0.00607484  

Relief Act Shortfall

    —    

Gross Prepayment Interest Shortfall

    —    

Net Prepayment Interest Shortfall

    —    

Total outstanding principal balance of 3 largest Mortgage Loans

    1,036,652.27  

Draw Amount

    3,543,069.62