GreenPoint Mortgage Securities 2003-1 Monthly Payment Date Statement to Certificateholders (March 25, 2004)
This statement, prepared by JPMorgan Chase Bank as administrator, provides GreenPoint Mortgage Securities 2003-1 certificateholders with detailed information on the March 25, 2004 distribution. It outlines principal and interest payments, class balances, delinquency status, and available funds for the mortgage-backed securities trust. The document also reports on loan performance, realized losses, and coverage amounts for special hazards, bankruptcy, and fraud. The statement is intended for investors and stakeholders to track the trust's monthly financial activity and status.
Exhibit 10.1
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT,
PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW:
Scott B. Rubin
JPMorgan Chase Bank – Structured Finance Services
4 New York Plaza, 6th Floor
New York, NY 10004
Tel: (212) 623-4507 / Fax: (212) 623-5930
Email: ***@***
GreenPoint Mortgage Securities, 2003-1
Statement to Certificateholders
March 25, 2004
Distribution In Dollars
| Class | Original Face Value | Beginning Balance | Principal | Interest | Total | Realized Loses | Deferred Interest | Ending Principal Balance | ||||||||
| A1 | 203,191,000.00 | 193,329,149.20 | 1,088,457.71 | 719,109.64 | 1,807,567.35 | 0.00 | 0.00 | 192,240,691.49 | ||||||||
| M1 | 2,820,000.00 | 2,816,465.54 | 598.28 | 10,476.16 | 11,074.44 | 0.00 | 0.00 | 2,815,867.26 | ||||||||
| M2 | 1,044,000.00 | 1,042,691.49 | 221.49 | 3,878.41 | 4,099.90 | 0.00 | 0.00 | 1,042,470.00 | ||||||||
| M3 | 835,000.00 | 833,953,45 | 177.15 | 3,101.98 | 3,279.13 | 0.00 | 0.00 | 833,776.30 | ||||||||
| B1 | 313,000.00 | 312,607.71 | 66.41 | 1,162.78 | 1,229.19 | 0.00 | 0.00 | 312,541.30 | ||||||||
| B2 | 313,000.00 | 312,607.71 | 66.41 | 1,162.78 | 1,229.19 | 0.00 | 0.00 | 312,541.30 | ||||||||
| B3 | 421,221.00 | 420,693.05 | 89.37 | 1,564.82 | 1,654.19 | 0.00 | 0.00 | 420,603.68 | ||||||||
| R | 0.00 | 0.00 | 0.00 | 0.09 | 0.09 | 0.00 | 0.00 | 0.00 | ||||||||
| TOTALS | 208,937,221.00 | 199,068,168.15 | 1,089,676.82 | 740,456.66 | 1,830,133.48 | 0.00 | 0.00 | 197,978,491.33 | ||||||||
| Factor Information Per $1000 Of Original Face | Pass-Through Rates | ||||||||||||||||
| Class | Cusip | Beginning Principal | Principal | Interest | Total | Ending Principal | Class | Current Pass Thru Rate | |||||||||
| A1 | 395387AA1 | 951.46512001 | 5.35682048 | 3.53908214 | 8.89590262 | 946.10829953 | A1 | 4.463536 | % | ||||||||
| M1 | 395387AB9 | 998.74664539 | 0.21215603 | 3.71495035 | 3.92710638 | 998.53448936 | M1 | 4.463536 | % | ||||||||
| M2 | 395387AC7 | 998.74663793 | 0.21215517 | 3.71495211 | 3.92710728 | 998 ###-###-#### | M2 | 4.463536 | % | ||||||||
| M3 | 395387AD5 | 998.74664671 | 0.21215569 | 3 ###-###-#### | 3.92710180 | 998.53449102 | M3 | 4.463536 | % | ||||||||
| B1 | 395387AE3 | 998.74667732 | 0.21217252 | 3.71495208 | 3.92712460 | 998.53450479 | B1 | 4.463536 | % | ||||||||
| B2 | 395387AF0 | 998.74667732 | 0.21217252 | 3.71495208 | 3.92712460 | 998.53450479 | B2 | 4.463536 | % | ||||||||
| B3 | 395387AG8 | 998.74661995 | 0.21216891 | 3.71496198 | 3.92713089 | 998.53445104 | B3 | 4.463536 | % | ||||||||
| TOTALS | 952.76546322 | 5.21533126 | 3.54391935 | 8.75925061 | 947.55013196 | ||||||||||||
| Available Funds | 1,830,133.47 | |
| Scheduled Principal Payments | 42,286.83 | |
| Principal Prepayments | 1,047,389.98 | |
| Repurchase Principal | 0.00 | |
| Substitution Amounts | 0.00 | |
| Net Liquidation Proceeds | 0.00 | |
| Insurance Proceeds | 0.00 | |
| Other Principal | 0.00 | |
| Gross Interest | 783,753.99 | |
| Master Servicing Fees | 41,472.54 | |
| Trustee Fees | 1,824.79 | |
| Current Monthly Advances | 39,202.86 | |
| Beginning Number of Loans Outstanding | 474 | |
| Beginning Aggregate Loan Balance | 199,068,168.95 | |
| Ending Number of Loans Outstanding | 472 | |
| Ending Aggregate Loan Balance | 197,978,492.14 | |
Delinquent Mortgage Loans
| Group Totals | |||||||
| Category | Number | Principal Balance | Percentage | ||||
| 1 Month | 1 | 174,139.44 | 0.09 | % | |||
| 2 Month | 0 | 0.00 | 0.00 | % | |||
| 3 Month | 1 | 1,350,000.00 | 0.68 | % | |||
| Total | 2 | 1,524,139.44 | 0.77 | % | |||
| * | Delinquent Bankruptcies are included in the table above. |
Bankruptcies
| Group Totals | |||||
| Number | Principal Balance | Percentage | |||
| 0 | 0.00 | 0.00 | % | ||
| * | Only Current Bankruptcies are reflected in the table above. |
Foreclosures
| Group Totals | |||||
| Number | Principal Balance | Percentage | |||
| 0 | 0.00 | 0.00 | % | ||
REO Properties
| Group Totals | |||||
| Number | Principal Balance | Percentage | |||
| 0 | 0.00 | 0.00 | % | ||
| Book Value of REO Properties | 0.00 | ||
| Current Realized Losses | 0.00 | ||
| Cumulative Realized Losses | 0.00 | ||
| Special Hazard Loss Coverage Amount | 3,739,038.08 | ||
| Bankruptcy Coverage Amount | 100,000.00 | ||
| Fraud Loss Coverage Amount | 2,008,937.00 | ||
| Senior Percentage (for next Distribution Date) | 97.101806 | % | |
| Subordinate Percentage (for next Distribution Date) | 2.898194 | % | |
| Senior Prepayment Percentage (for next Distribution Date) | 100.000000 | % | |
| Subordinate Prepayment Percentage (for next Distribution Date) | 0.000000 | % | |
