GreenPoint Mortgage SecuritiesInc.

Contract Categories: Real Estate - Mortgage Agreements
EX-10.1 3 dex101.htm MONTHLY PAYMENT DATE STATEMENT DATED AUGUST 15, 2003 Monthly Payment Date Statement dated August 15, 2003
THE BANK OF NEW YORK          

101 Barclay Street, 8 West

    Distribution Date: 8/15/03

New York, NY 10286

     

Officer: Trish O’Neill-Manella         ###-###-####

               

Associate: Cirino Emanuel                ###-###-####

               

 

 

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    267,381,776.02    1.376880    13,230,199.53    317,020.31    3,547,219.84    —      254,151,576.49    —  

R

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

Totals

                   267,381,776.02         13,230,199.53    317,020.31    13,547,219.84    —      254,151,576.49    —  
    
  
  
  
  
  
  
  
  
  
  

 

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    267,381,776.02    13,230,199.53    —      —      13,230,199.53    —      254,151,576.49    0 ###-###-####

R

         —      —      —      —      —      —      —      —      0.00000000000
    
  
  
  
  
  
  
  
  
  

Totals

         290,418,000.00    267,381,776.02    13,230,199.53    —      —      13,230,199.53    —      254,151,576.49     
    
  
  
  
  
  
  
  
  
  

 

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

    267,381,776.02    1.376880    317,020.31    —      —      317,020.31    —      —      317,020.31

R

    —      0.000000    —      —      —      —      —      —      —  
    
  
  
  
  
  
  
  
  

Totals

    267,381,776.02         317,020.31    —      —      317,020.31    —      —      317,020.31
    
  
  
  
  
  
  
  
  

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    920 ###-###-####    45 ###-###-####    1.091600078    875 ###-###-####    1.376880

R

         —      0.000000000    0.000000000    0.000000000    0.000000000    0.000000
   
  
  
  
  
  
  

Totals

         290,418,000.00    920 ###-###-####    45 ###-###-####    1.091600073    875 ###-###-####     
   
  
  
  
  
  
  
Pool Level Data                              

Distribution Date

                             8/15/2003

Cut-off Date

                             5/1/2003

Determination Date

                             8/1/2003

Accrual Period 30/360

    Begin                        7/1/2003
     End                        8/1/2003

Number of Days in 30/360 Accrual Period

                             30

Accrual Period Actual Days

    Begin                        7/15/2003
     End                        8/15/2003

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

    267,060,807.64  

Ending Aggregate Pool Stated Principal Balance

    254,929,274.35  

Beginning Aggregate Certificate Stated Principal Balance

    267,381,776.02  

Ending Aggregate Certificate Stated Principal Balance

    254,151,576.49  

Beginning Aggregate Loan Count

    6368  

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

    307  

Ending Aggregate Loan Count

    6061  

Beginning Weighted Average Loan Rate (WAC)

    7.085946 %

Ending Weighted Average Loan Rate (WAC)

    7.068479 %

Beginning Net Weighted Average Loan Rate

    6.578946%

Ending Net Weighted Average Loan Rate

    6.561479%

Weighted Average Maturity (WAM) (Months)

    209

Aggregate Pool Prepayment

    9,544,478.83

Pool Prepayment Rate

    35.6653 CPR

Certificate Account

     

Beginning Balance

    —  

Deposit

     

Payments of Interest and Principal

    13,697,888.67

Liquidation Proceeds

    —  

All Other Proceeds

    —  

Other Amounts

    —  

Total Deposits

    13,697,888.67

Withdrawals

     

Reimbursement of Servicer Advances

    —  

Payment of Master Servicer Fees

    111,275.34

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

    39,393.49

Payment of Principal and Interest

    13,547,219.84

Total Withdrawals

    13,697,888.67

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

    3,002,406.72     537,146.15     885,272.54     —       —       4,424,825.41  

Percentage of Total Pool Balance

    1.177741 %   0.210704 %   0.347262 %   0.000000 %   0.000000 %   1.735707 %

Number of Loans

    75     12     14     0     0     101  

Percentage of Total Loans

    1.237420 %   0.197987 %   0.230985 %   0.000000 %   0.000000 %   1.666392 %

Foreclosure

                                     

Scheduled Principal Balance

                                  41,452.31  

Percentage of Total Pool Balance

                                  0.016260 %

Number of Loans

                                  1  

Percentage of Total Loans

                                  0.016499 %

Bankruptcy

                                     

Scheduled Principal Balance

                                  80,757.94  

Percentage of Total Pool Balance

                                  0.031679 %

Number of Loans

                                  4  

Percentage of Total Loans

                                  0.065996 %

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

    777,697.86

Specified Overcollateralization Amount

    7,188,561.76

Overcollateralization Reduction Amount

    —  

Excess Interest used as Accelerated Principal

    1,098,666.24

 

\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

    0.00454193  

Relief Act Shortfall

    —    

Gross Prepayment Interest Shortfall

    —    

Net Prepayment Interest Shortfall

    —    

Total outstanding principal balance of 3 largest Mortgage Loans

    1,218,799.44  

Draw Amount

    3,823,195.45