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 ###-###-#### | |||||
| 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 | |||||||||||
| A | 395385AP2 | Senior | Var-Act/360 | 191,047,787.00 | 1.370000 | 10,188,089.59 | 239,924.18 | 10,428,013.77 | 0.00 | 180,859,697.41 | 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 | 191,047,787.00 | 10,188,089.59 | 239,924.18 | 10,428,013.77 | 0.00 | 180,859,697.41 | 0.00 | |||||||||||||||
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 | 191,047,787.00 | 10,188,089.59 | 0.00 | 0.00 | 10,188,089.59 | 0.00 | 180,859,697.41 | 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 | 191,047,787.00 | 10,188,089.59 | 0.00 | 0.00 | 10,188,089.59 | 0.00 | 180,859,697.41 | ||||||||||||
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 | 1.370000 | 239,924.18 | 0.00 | 0.00 | 239,924.18 | 0.00 | 0.00 | 239,924.18 | |||||||||
| R | 0.00 | 0.000000 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
| Totals | 203,158,178.97 | 239,924.18 | 0.00 | 0.00 | 239,924.18 | 0.00 | 0.00 | 239,924.18 | ||||||||||
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 | 657 ###-###-#### | 35.080778701 | 0 ###-###-#### | 622 ###-###-#### | 1.370000 | |||||||
| R | N/A | 0.00 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000 | |||||||
| Totals | 290,418,000.00 | 657 ###-###-#### | 35.080778705 | 0 ###-###-#### | 622 ###-###-#### | |||||||||
| Pool Level Data | ||||
| Distribution Date | 2/17/04 | |||
| Cut-off Date | 5/1/03 | |||
| Determination Date | 2/1/04 | |||
| Accrual Period 30/360 | Begin | 1/1/04 | ||
| End | 2/1/04 | |||
| Number of Days in 30/360 Accrual Period | 30 | |||
| Accrual Period Actual Days | Begin | 1/15/04 | ||
| End | 2/17/04 | |||
| Number of Days in Actual Accrual Period | 33 | |||
Collateral Information
Group 1
| Cut-Off Date Balance | 287,542,470.48 | ||
| Beginning Aggregate Pool Stated Principal Balance | 196,113,164.53 | ||
| Ending Aggregate Pool Stated Principal Balance | 186,527,856.68 | ||
| Beginning Aggregate Certificate Stated Principal Balance | 191,047,787.00 | ||
| Ending Aggregate Certificate Stated Principal Balance | 180,859,697.41 | ||
| Beginning Aggregate Loan Count | 4,689 | ||
| Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement | 223 | ||
| Ending Aggregate Loan Count | 4,466 | ||
| Beginning Weighted Average Loan Rate (WAC) | 6.703327 | % | |
| Ending Weighted Average Loan Rate (WAC) | 6.678291 | % | |
| Beginning Net Weighted Average Loan Rate | 6.196327 | % | |
| Ending Net Weighted Average Loan Rate | 6.171291 | % | |
| Weighted Average Maturity (WAM) (Months) | 206 | ||
| Aggregate Pool Prepayment | 7,026,008.30 | ||
| Pool Prepayment Rate | 36.7979 CPR | ||
| Certificate Account | |||
| Beginning Balance | 0.00 | ||
| Deposit | |||
| Payments of Interest and Principal | 10,537,599.48 | ||
| Liquidation Proceeds | 165.70 | ||
| All Other Proceeds | 0.00 | ||
| Other Amounts | 0.00 | ||
| Total Deposits | 10,537,765.18 | ||
| Withdrawals | |||
| Reimbursement of Servicer Advances | 0.00 | ||
| Payment of Master Servicer Fees | 81,713.82 | ||
| 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 | 28,037.59 | ||
| Payment of Principal and Interest | 10,428,013.77 | ||
| Total Withdrawals | 10,537,765.18 | ||
| Ending Balance | 0.00 | ||
Delinquency Information
Group 1
| 30-59 Days | 60-89 Days | 90-179 Days | 180-269 Days | 270+ Days | Totals | |||||||||||||
| Delinquency | ||||||||||||||||||
| Scheduled Principal Balance | 1,518,078.81 | 515,063.00 | 1,127,040.30 | 382,778.93 | 381,301.02 | 3,924,262.06 | ||||||||||||
| Percentage of Total Pool Balance | 0.813862 | % | 0.276132 | % | 0.604221 | % | 0.205213 | % | 0.204420 | % | 2.103848 | % | ||||||
| Number of Loans | 45 | 16 | 26 | 5 | 3 | 95 | ||||||||||||
| Percentage of Total Loans | 1.007613 | % | 0.358262 | % | 0.582176 | % | 0.111957 | % | 0.067174 | % | 2.127183 | % | ||||||
| Foreclosure | ||||||||||||||||||
| Scheduled Principal Balance | 1,081,188.39 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.579639 | % | ||||||||||||||||
| Number of Loans | 15 | |||||||||||||||||
| Percentage of Total Loans | 0.335871 | % | ||||||||||||||||
| Bankruptcy | ||||||||||||||||||
| Scheduled Principal Balance | 276,215.69 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.148083 | % | ||||||||||||||||
| Number of Loans | 6 | |||||||||||||||||
| Percentage of Total Loans | 0.134348 | % | ||||||||||||||||
| 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 | 244,018.04 | |||||||||||||||||
| Additional Gains (Recoveries)/Losses | 0.00 | |||||||||||||||||
| Total Realized Losses | 582,477.26 | |||||||||||||||||
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 | 5,668,159.27 | |
| Specified Overcollateralization Amount | 7,721,777.15 | |
| Overcollateralization Reduction Amount | 0.00 | |
| Excess Interest used as Accelerated Principal | 846,799.78 | |
ADDITIONAL REPORTING ITEMS
| Cumulative losses as percentage of original Pool Balance | 0.20257086 | % | |
| Cumulative losses as percentage of current Pool Balance | 0.31227360 | % | |
| 12-month rolling average of cumulative losses as percentage of original Pool Balance | 0.45421593 | % | |
| 3-month rolling average of Mortgage Loans 60+ days delinquent | 0.01180049 | % | |
| 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 | 1,057,859.02 | ||
| Draw Amount | 2,047,005.54 | ||
