GreenPoint MortgageSecurities Inc. GreenPoint Home Equity Loan Trust2003-1 Home Equity Loan Asset-Backed Notes Series 2003-1
EXHIBIT 10.1
| THE BANK OF NEW YORK | ||||||
| 101 Barclay Street, 8 West | Distribution Date: 6/16/03 | |||||
| New York, NY 10286 | ||||||
| Officer: | Trish O’Neill-Manella | 212 ###-###-#### | ||||
| Associate: | Cirino Emanuele | 212 ###-###-#### | ||||
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 | 290,418,000.00 | 1.580000 | 10,848,946.28 | 356,891.45 | 11,205,837.74 | — | 279,569,053.72 | — | |||||||||||
| R | Senior | Fix-30/360 | — | 0.000000 | — | — | — | — | — | — | ||||||||||||
| Totals | 290,418,000.00 | 10,848,946.28 | 356,891.45 | 11,205,837.74 | — | 279,569,053.72 | — | |||||||||||||||
| Principal Distribution Detail | ||||||||||||||||||||
| Class | Cusip | Original Certificate Balance | Beginning Certificate Balance | Scheduled Principal Distribution | Accretion Principal | Unscheduled Principal Adjustments | Net Principal | Current Realized Losses | Ending Certificate Balance | Ending Certificate Factor | ||||||||||
| A | 395385AP2 | 290,418,000.00 | 290,418,000.00 | 10,848,946.28 | — | — | 10,848,946.28 | — | 279,569,053.72 | 0 ###-###-#### | ||||||||||
| R | — | — | — | — | — | — | — | — | 0.00000000000 | |||||||||||
| Totals | 290,418,000.00 | 290,418,000.00 | 10,848,946.28 | — | — | 10,848,946.28 | — | 279,569,053.72 | ||||||||||||
| 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 | 290,418,000.00 | 1.580000 | 356,891.45 | — | — | 356,891.45 | — | — | 356,891.45 | |||||||||
| R | — | 0.000000 | — | — | — | — | — | — | — | |||||||||
| Totals | 290,418,000.00 | 356,891.45 | — | — | 356,891.45 | — | — | 356,891.45 | ||||||||||
| 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 | 1000.000000000 | 37 ###-###-#### | 1 ###-###-#### | 962 ###-###-#### | 1.580000 | |||||||
| R | — | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000 | ||||||||
| Totals | 290,418,000.00 | 1000.000000000 | 37 ###-###-#### | 1 ###-###-#### | 962 ###-###-#### | |||||||||
| Pool Level Data | ||||
| Distribution Date | 6/16/2003 | |||
| Cut-off Date | 5/1/2003 | |||
| Determination Date | 6/1/2003 | |||
| Accrual Period 30/360 | Begin | 5/1/2003 | ||
| End | 6/1/2003 | |||
| Number of Days in 30/360 Accrual Period | 30 | |||
| Accrual Period Actual Days | Begin | 5/19/2003 | ||
| End | 6/16/2003 | |||
| Number of Days in Actual Accrual Period | 28 |
Collateral Information
| Group 1 | |||
| Cut-Off Date Balance | 287,542,470.48 | ||
| Beginning Aggregate Pool Stated Principal Balance | 287,542,470.48 | ||
| Ending Aggregate Pool Stated Principal Balance | 278,028,313.69 | ||
| Beginning Aggregate Certificate Stated Principal Balance | 290,418,000.00 | ||
| Ending Aggregate Certificate Stated Principal Balance | 279,569,053.72 | ||
| Beginning Aggregate Loan Count | 7265 | ||
| Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement | 592 | ||
| Ending Aggregate Loan Count | 6673 | ||
| Beginning Weighted Average Loan Rate (WAC) | 6.958413 | % | |
| Ending Weighted Average Loan Rate (WAC) | 6.928511 | % | |
| Beginning Net Weighted Average Loan Rate | 6.451465 | % | |
| Ending Net Weighted Average Loan Rate | 6.421547 | % | |
| Weighted Average Maturity (WAM) (Months) | 209 | ||
| Aggregate Pool Prepayment | 6,481,644.29 | ||
| Pool Prepayment Rate | 24.1599 CPR |
| Certificate Account | ||
| Beginning Balance | — | |
| Deposit | ||
| Payments of Interest and Principal | 11,364,384.19 | |
| Liquidation Proceeds | — | |
| All Other Proceeds | — | |
| Other Amounts | — | |
| Total Deposits | 11,364,384.19 | |
| Withdrawals | ||
| Reimbursement of Servicer Advances | — | |
| Payment of Master Servicer Fees | 119,809.36 | |
| 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 | 38,737.09 | |
| Payment of Principal and Interest | 11,205,837.74 | |
| Total Withdrawals | 11,364,384.19 | |
| 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 | 2,521,664.48 | 921,766.55 | 12,259.68 | — | — | 3,455,690.71 | ||||||||||||
| Percentage of Total Pool Balance | 0.906981 | % | 0.331537 | % | 0.004410 | % | 0.000000 | % | 0.000000 | % | 1.242928 | % | ||||||
| Number of Loans | 69 | 16 | 1 | 0 | 0 | 86 | ||||||||||||
| Percentage of Total Loans | 1.034018 | % | 0.239772 | % | 0.014986 | % | 0.000000 | % | 0.000000 | % | 1.288776 | % | ||||||
| Foreclosure | ||||||||||||||||||
| Scheduled Principal Balance | — | |||||||||||||||||
| Percentage of Total Pool Balance | 0.000000 | % | ||||||||||||||||
| Number of Loans | 0 | |||||||||||||||||
| Percentage of Total Loans | 0.000000 | % | ||||||||||||||||
| Bankruptcy | ||||||||||||||||||
| Scheduled Principal Balance | 12,259.68 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.004410 | % | ||||||||||||||||
| Number of Loans | 1 | |||||||||||||||||
| Percentage of Total Loans | 0.014986 | % | ||||||||||||||||
| 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 | — |
OVERCOLLATERALIZATION REPORTING
| Ending Overcollateralization Amount | (1,540,740.03 | ) | |
| Specified Overcollateralization Amount | 7,188,561.76 |
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 | 0.00111982 | ||
| Relief Act Shortfall | — | ||
| Gross Prepayment Interest Shortfall | — | ||
| Net Prepayment Interest Shortfall | — | ||
| Total outstanding principal balance of 3 largest Mortgage Loans | 1,381,676.26 | ||
| Draw Amount | 5,579,957.88 |
