GreenPoint MortgageSecurities Inc. GreenPoint Home Equity Loan Trust2003-1 Home Equity Loan Asset-Backed Notes Series 2003-1

EX-10.1 3 dex101.htm MONTHLY PAYMENT DATE STATEMENT Monthly Payment Date Statement

 

Exhibit 10.1

THE BANK OF NEW YORK

          

101 Barclay Street, 8 West

         Distribution Date: 11/17/03

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

A

    395385AP2    Senior    Var-Act/360    226,691,921.96    1.390000    12,884,710.65    288,843.29    13,173,553.94    —      213,807,211.31

R

    N/A    Senior    Fix-30/360    —      0.000000    —      —      —      —      —  
                   
       
  
  
  
  

Totals

                   226,691,921.96         12,884,710.65    288,843.29    13,173,553.94    —      213,807,211.31
                   
       
  
  
  
  

 

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    226,691,921.96    12,884,710.65    —      —     12,884,710.65    —     213,807,211.31   0.73620509511

R

    N/A    —      —      —      —      —     —      —     —     0.00000000000
         
  
  
  
  
 
  
 
   

Totals

         290,418,000.00    226,691,921.96    12,884,710.65    —      —     12,884,710.65    —     213,807,211.31    
         
  
  
  
  
 
  
 
   

 

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

    226,691,921.96    1.390000    288,843.29    —      —      288,843.29   —     —     288,843.29

R

    —      0.000000    —      —      —      —     —     —     —  
    
       
  
  
  
 
 
 

Totals

    226,691,921.96         288,843.29    —      —      288,843.29   —     —     288,843.29
    
       
  
  
  
 
 
 

 

 

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    780.571183477    44 ###-###-####    0 ###-###-####    736.205095114    1.390000

R

    N/A    —      0.000000000    0.000000000    0.000000000    0.000000000    0.000000
         
  
  
  
  
    

Totals

         290,418,000.00    780.571183467    44 ###-###-####    0 ###-###-####    736.205095104     
         
  
  
  
  
    

 

Pool Level Data

          

Distribution Date

         11/17/2003

Cut-off Date

         5/1/2003

Determination Date

         11/1/2003

Accrual Period 30/360

    Begin    10/1/2003
     End    11/1/2003

Number of Days in 30/360 Accrual Period

         30

Accrual Period Actual Days

    Begin    10/15/2003
     End    11/17/2003

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

    229,468,779.38  

Ending Aggregate Pool Stated Principal Balance

    217,381,944.01  

Beginning Aggregate Certificate Stated Principal Balance

    226,691,921.96  

Ending Aggregate Certificate Stated Principal Balance

    213,807,211.31  

Beginning Aggregate Loan Count

    5454  

Loans Paid Off or Otherwise Removed Pursuant to Pooling and Servicing Agreement

    289  

Ending Aggregate Loan Count

    5165  

Beginning Weighted Average Loan Rate (WAC)

    6.783770 %

Ending Weighted Average Loan Rate (WAC)

    6.755985 %

 

Beginning Net Weighted Average Loan Rate

    6.276770 %

Ending Net Weighted Average Loan Rate

    6.248985 %

Weighted Average Maturity (WAM) (Months)

    208  

Aggregate Pool Prepayment

    9,930,688.28  

Pool Prepayment Rate

    41.9768 CPR  

Certificate Account

       

Beginning Balance

    —    

Deposit

       

Payments of Interest and Principal

    13,304,429.44  

Liquidation Proceeds

    14.68  

All Other Proceeds

    —    

Other Amounts

    —    

Total Deposits

    13,304,444.12  

Withdrawals

       

Reimbursement of Servicer Advances

    —    

Payment of Master Servicer Fees

    95,611.99  

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

    35,278.19  

Payment of Principal and Interest

    13,173,553.94  

Total Withdrawals

    13,304,444.12  

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

    1,966,259.22     1,044,988.47     920,789.25     244,182.61     —       4,176,219.55  

Percentage of Total Pool Balance

    0.904518 %   0.480715 %   0.423581 %   0.112329 %   0.000000 %   1.921144 %

Number of Loans

    55     22     25     3     0     105  

Percentage of Total Loans

    1.064860 %   0.425944 %   0.484027 %   0.058083 %   0.000000 %   2.032914 %

Foreclosure

                                     

Scheduled Principal Balance

                                  436,081.54  

Percentage of Total Pool Balance

                                  0.200606 %

Number of Loans

                                  6  

Percentage of Total Loans

                                  0.116167 %

Bankruptcy

                                     

Scheduled Principal Balance

                                  212,368.95  

Percentage of Total Pool Balance

                                  0.097694 %

Number of Loans

                                  6  

Percentage of Total Loans

                                  0.116167 %

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

                                  156,927.36  

Additional Gains (Recoveries)/Losses

                                  —    

Total Realized Losses

                                  156,927.36  

 

Reserve Fund Information

Demand Note Reserve Account

     

Beginning Balance

     

Deposits

    2,875,529.52

Accrued Interest

    —  

Withdrawals

    —  

Ending Balance

    —  
     2,875,529.52

 

OVERCOLLATERALIZATION REPORTING

Ending Overcollateralization Amount

    3,574,732.70

Specified Overcollateralization Amount

    7,408,326.11

Overcollateralization Reduction Amount

    —  

Excess Interest used as Accelerated Principal

    954,802.64

 

ADDITIONAL REPORTING ITEMS  

Cumulative losses as percentage of original Pool Balance

    0.05457537 %

Cumulative losses as percentage of current Pool Balance

    0.07218969 %

12-month rolling average of cumulative losses as percentage of original Pool Balance

    0.05457537 %

3-month rolling average of Mortgage Loans 60+ days delinquent

    0.00893952  

Relief Act Shortfall

    —    

Gross Prepayment Interest Shortfall

    —    

Net Prepayment Interest Shortfall

    —    

Total outstanding principal balance of 3 largest Mortgage Loans

    1,062,977.27  

Draw Amount

    2,767,463.52