GreenPoint MortgageSecurities Inc. GreenPoint Home Equity Loan Trust 2003-1 Home Equity Loan Asset-Backed Notes
Exhibit 10.1
| THE BANK OF NEW YORK | ||||||
| 101 Barclay Street, 8 West | Distribution Date: 2/17/04 | |||||
| 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 Type | Beginning Balance | Pass Through Rate (%) | Principal Distribution | Interest Distribution | Total Distribution | Current Realized Losses | Ending Balance | Cumulative Realized | |||||||||||
| A | 395385AP2 | Senior | Var-Act/360 | 180,859,697.41 | 1.364380 | 10,486,006.40 | 185,071.02 | 10,671,077.50 | 0.00 | 170,373,690.93 | 0.00 | |||||||||||
| R | N/A | Senior | Fix-30/360 | 0.00 | 0.000000 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||
| Totals | 180,859,697.41 | 1.364380 | 10,486,006.40 | 185,071.02 | 10,671,077.50 | 0.00 | 170,373,690.93 | 0.00 | ||||||||||||||
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 Factor | ||||||||||
| A | 395385AP2 | 290,418,000.00 | 180,859,697.41 | 10,486,006.49 | 0.00 | 0.00 | 10,486,006.40 | 0.00 | 170,373,690.93 | 0 ###-###-#### | ||||||||||
| R | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000000 | ||||||||||
| Totals | 290,418,000.00 | 180,859,697.41 | 10,486,006.49 | 0.00 | 0.00 | 10,486,006.40 | 0.00 | 170,373,690.93 | ||||||||||||
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 | 203,158,178.97 | 1 ###-###-#### | 185,071.02 | 0.00 | 0.00 | 185,071.02 | 0.00 | 0.00 | 185,071.02 | |||||||||
| R | 0.00 | 0.000000 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
| Totals | 203,158,178.97 | 1 ###-###-#### | 185,071.02 | 0.00 | 0.00 | 185,071.02 | 0.00 | 0.00 | 185,071.02 | |||||||||
Current Payment Information
Factors per $1,000
| Class | Cusip | Original Certificate Balance | Beginning Cert. Balance | Principal Distribution | Interest Distribution | Ending Cert. Balance | Pass Through Rate (%) | |||||||
| A | 395385AP2 | 290,418,000.00 | 622 ###-###-#### | 36.106599453 | 0 ###-###-#### | 586 ###-###-#### | 1.364380 | |||||||
| R | N/A | 0.00 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000 | |||||||
| Totals | 290,418,000.00 | 622 ###-###-#### | 36.106599453 | 0 ###-###-#### | 586 ###-###-#### | |||||||||
| Pool Level Data | ||||
| Distribution Date | 3/15/04 | |||
| Cut-off Date | 5/1/03 | |||
| Determination Date | 3/1/04 | |||
| Accrual Period 30/360 | Begin | 2/1/04 | ||
| End | 3/1/04 | |||
| Number of Days in 30/360 Accrual Period | 30 | |||
| Accrual Period Actual Days | Begin | 2/17/04 | ||
| End | 2/15/04 | |||
| Number of Days in Actual Accrual Period | 27 | |||
Collateral Information
| Group 1 | |||
| Cut-Off Date Balance | 282,542,470.48 | ||
| Beginning Aggregate Pool Stated Principal Balance | 186,527,856.68 | ||
| Ending Aggregate Pool Stated Principal Balance | 176,705,015.35 | ||
| Beginning Aggregate Certificate Stated Principal Balance | 180,859,697.41 | ||
| Ending Aggregate Certificate Stated Principal Balance | 170,373,690.93 | ||
| Beginning Aggregate Loan Count | 4,466 | ||
| Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement | 214 | ||
| Ending Aggregate Loan Count | 4,252 | ||
| Beginning Weighted Average Loan Rate (WAC) | 6.680828 | % | |
| Ending Weighted Average Loan Rate (WAC) | 6.661550 | % | |
| Beginning Net Weighted Average Loan Rate | 6.173828 | % | |
| Ending Net Weighted Average Loan Rate | 6.661550 | % | |
| Weighted Average Maturity (WAM) (Months) | 205 | ||
| Aggregate Pool Prepayment | 7,603,221.48 | ||
| Pool Prepayment Rate | 40.0391 CPR | ||
| Certificate Account | |||
| Beginning Balance | 0.00 | ||
| Deposit | |||
| Payments of Interest and Principal | 10,746,797.89 | ||
| Liquidation Proceeds | 25,000.00 | ||
| All Other Proceeds | 0.00 | ||
| Other Amounts | 0.00 | ||
| Total Deposits | 10,771,797.89 | ||
| Withdrawals | |||
| Reimbursement of Servicer Advances | 0.00 | ||
| Payment of Master Servicer Fees | 77,719.94 | ||
| Payment of Sub Servicer Fees | 0.00 | ||
| Payment of Other Fees | 0.00 | ||
| Payment of Insurance Premium(s) | 0.00 | ||
| Payment of Personal Mortgage Insurance | 0.00 | ||
| Other Permitted Withdrawal per the Pooling and Service Agreement | 23,000.45 | ||
| Payment of Principal and Interest | 10,671,077.50 | ||
| Total Withdrawals | 10,771,797.89 | ||
| Ending Balance | 0.00 | ||
Delinquency Information
| Group 1 | ||||||||||||||||||
| Delinquency | 30-59 Days | 60-89 Days | 90-179 Days | 180-269 Days | 270+ Days | Totals | ||||||||||||
| Scheduled Principal Balance | 2,498,826.36 | 211,422.44 | 711,899.25 | 328,071.58 | 344,953.07 | 4,095,172.70 | ||||||||||||
| Percentage of Total Pool Balance | 1.414123 | % | 0.119647 | % | 0.402874 | % | 0.185661 | % | 0.195214 | % | 2.317519 | % | ||||||
| Number of Loans | 73 | 4 | 23 | 7 | 3 | 110 | ||||||||||||
| Percentage of Total Loans | 1.716839 | % | 0.094073 | % | 0.540922 | % | 0.164628 | % | 0.070555 | % | 2.587018 | % | ||||||
| Foreclosure | ||||||||||||||||||
| Scheduled Principal Balance | 564,871.76 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.319669 | % | ||||||||||||||||
| Number of Loans | 12 | |||||||||||||||||
| Percentage of Total Loans | 0.282220 | % | ||||||||||||||||
| Bankruptcy | ||||||||||||||||||
| Scheduled Principal Balance | 381,208.91 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.215732 | % | ||||||||||||||||
| Number of Loans | 7 | |||||||||||||||||
| Percentage of Total Loans | 0.164628 | % | ||||||||||||||||
| REO | ||||||||||||||||||
| Scheduled Principal Balance | 0.00 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.000000 | % | ||||||||||||||||
| Number of Loans | 0 | |||||||||||||||||
| Percentage of Total Loans | 0.000000 | % | ||||||||||||||||
| Book Value of all REO Loans | 0.00 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.000000 | % | ||||||||||||||||
| Current Realized Losses | 66,315.75 | |||||||||||||||||
| Additional Gains (Recoveries)/Losses | 0.00 | |||||||||||||||||
| Total Realized Losses | 648,793.01 | |||||||||||||||||
Reserve Fund Information
| Demand Note Reserve Account | ||
| Beginning Balance | 2,875,529.52 | |
| Deposits | 0.00 | |
| Accrued Interest | 0.00 | |
| Withdrawals | 0.00 | |
| Ending Balance | 2,875,529.52 | |
OVERCOLLATERALIZATION REPORTING
| Ending Overcollateralization Amount | 6,331,324.42 | |
| Specified Overcollateralization Amount | 7,639,827.38 | |
| Overcollateralization Reduction Amount | 0.00 | |
| Excess Interest used as Accelerated Principal | 729,480.91 | |
ADDITIONAL REPORTING ITEMS
| Cumulative losses as percentage of original Pool Balance | 0.22563380 | % | |
| Cumulative losses as percentage of current Pool Balance | 0.36716163 | % | |
| 12-month rolling average of cumulative losses as percentage of original Pool Balance | 0.67984973 | % | |
| 3-month rolling average of Mortgage Loans 60+ days delinquent | 0.01086309 | % | |
| Relief Act Shortfall | 0.00 | ||
| Gross Prepayment Interest Shortfall | 0.00 | ||
| Net Prepayment Interest Shortfall | 0.00 | ||
| Total outstanding principal balance of 3 largest Mortgage Loans | 1,095,857.04 | ||
| Draw Amount | 1,663,900.07 | ||
