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: | 1/15/04 | ||||||
| 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 | 203,158,178.97 | 1.432500 | 12,110,391.96 | 250,604.08 | 12,360,996.04 | 0.00 | 191,047,787.00 | 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 | 203,158,178.97 | 12,110,391.96 | 250,604.08 | 12,360,996.04 | 0.00 | 191,047,787.00 | 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 | 203,158,178.97 | 12,110,391.96 | 0.00 | 0.00 | 12,110,391.96 | 0.00 | 191,047,787.00 | 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 | 203,158,178.97 | 12,110,391.96 | 0.00 | 0.00 | 12,110,391.96 | 0.00 | 191,047,787.00 | ||||||||||||
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 | 1.432500 | 250,604.08 | 0.00 | 0.00 | 250,604.08 | 0.00 | 0.00 | 250,604.08 | |||||||||
| R | 0.00 | 0.000000 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||
| Totals | 203,158,178.97 | 250,604.08 | 0.00 | 0.00 | 250,604.08 | 0.00 | 0.00 | 250,604.08 | ||||||||||
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 | 699 ###-###-#### | 41 ###-###-#### | 0 ###-###-#### | 657 ###-###-#### | 1.432500 | |||||||
| R | N/A | 0.00 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000 | |||||||
| Totals | 290,418,000.00 | 699 ###-###-#### | 41 ###-###-#### | 0 ###-###-#### | 657 ###-###-#### | |||||||||
| Pool Level Data | ||||
| Distribution Date | 1/15/04 | |||
| Cut-off Date | 5/1/03 | |||
| Determination Date | 1/1/04 | |||
| Accrual Period 30/360 | Begin | 12/1/03 | ||
| End | 1/1/04 | |||
| Number of Days in 30/360 Accrual Period | 30 | |||
| Accrual Period Actual Days | Begin | 12/15/03 | ||
| End | 1/15/04 | |||
| 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 | 207,507,453.30 | ||
| Ending Aggregate Pool Stated Principal Balance | 196,113,164.53 | ||
| Beginning Aggregate Certificate Stated Principal Balance | 203,158,178.97 | ||
| Ending Aggregate Certificate Stated Principal Balance | 191,047,787.00 | ||
| Beginning Aggregate Loan Count | 4,940 | ||
| Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement | 251 | ||
| Ending Aggregate Loan Count | 4,689 | ||
| Beginning Weighted Average Loan Rate (WAC) | 6.732224 | % | |
| Ending Weighted Average Loan Rate (WAC) | 6.703327 | % | |
| Beginning Net Weighted Average Loan Rate | 6.225224 | % | |
| Ending Net Weighted Average Loan Rate | 6.196327 | % | |
| Weighted Average Maturity (WAM) (Months) | 206 | ||
| Aggregate Pool Prepayment | 9,520,287.25 | ||
| Pool Prepayment Rate | 43.7449 CPR | ||
| Certificate Account | |||
| Beginning Balance | 0.00 | ||
| Deposit | |||
| Payments of Interest and Principal | 12,477,069.88 | ||
| Liquidation Proceeds | 0.00 | ||
| All Other Proceeds | 0.00 | ||
| Other Amounts | 0.00 | ||
| Total Deposits | 12,477,069.88 | ||
| Withdrawals | |||
| Reimbursement of Servicer Advances | 0.00 | ||
| Payment of Master Servicer Fees | 86,461.44 | ||
| 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 | 29,612.40 | ||
| Payment of Principal and Interest | 12,360,996.04 | ||
| Total Withdrawals | 12,477,069.88 | ||
| 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 | 2,410,259.12 | 778,620.05 | 1,012,217.52 | 669,740.97 | 0.00 | 4,870,837.66 | ||||||||||||
| Percentage of Total Pool Balance | 1.229014 | % | 0.397026 | % | 0.516140 | % | 0.341507 | % | 0.000000 | % | 2.483687 | % | ||||||
| Number of Loans | 63 | 17 | 27 | 8 | 0 | 115 | ||||||||||||
| Percentage of Total Loans | 1.343570 | % | 0.362551 | % | 0.575816 | % | 0.170612 | % | 0.000000 | % | 2.452549 | % | ||||||
| Foreclosure | ||||||||||||||||||
| Scheduled Principal Balance | 975,982.82 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.497663 | % | ||||||||||||||||
| Number of Loans | 13 | |||||||||||||||||
| Percentage of Total Loans | 0.277245 | % | ||||||||||||||||
| Bankruptcy | ||||||||||||||||||
| Scheduled Principal Balance | 328,257.12 | |||||||||||||||||
| Percentage of Total Pool Balance | 0.167381 | % | ||||||||||||||||
| Number of Loans | 8 | |||||||||||||||||
| Percentage of Total Loans | 0.170612 | % | ||||||||||||||||
| 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 | 110,259.35 | |||||||||||||||||
| Additional Gains (Recoveries)/Losses | 0.00 | |||||||||||||||||
| Total Realized Losses | 338,459.22 | |||||||||||||||||
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 | 5,065,377.53 | |
| Specified Overcollateralization Amount | 7,791,328.64 | |
| Overcollateralization Reduction Amount | 0.00 | |
| Excess Interest used as Accelerated Principal | 826,362.54 | |
ADDITIONAL REPORTING ITEMS
| Cumulative losses as percentage of original Pool Balance | 0.11770756 | % | |
| Cumulative losses as percentage of current Pool Balance | 0.17258363 | % | |
| 12-month rolling average of cumulative losses as percentage of original Pool Balance | 0.25164507 | % | |
| 3-month rolling average of Mortgage Loans 60+ days delinquent | 0.01099701 | % | |
| 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 | 1,059,123.97 | ||
| Draw Amount | 2,099,704.53 | ||
