All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT
Beginning Balance 0.00 Deposits Payments of Interest and Principal 14,926,472.45 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,593.59 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 14,931,066.04 Withdrawals Reimbursement for Servicer Advances 4,365.78 Payment of Service Fee 206,961.51 Payment of Interest and Principal 14,719,738.75 ------------- Total Withdrawals (Pool Distribution Amount) 14,931,066.04 Ending Balance 0.00 =============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 ------------- Non-Supported Prepayment Curtailment Interest Shortfall 0.00 =============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------------------------------------------------------- Class X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT - ------------------------------------ No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 4 1,708,669.94 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 123,750.00 180+ Days 0 0.00 ----------------------- 5 1,832,419.94 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.211977% 0.258979% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.052994% 0.018756% 180+ Days 0.000000% 0.000000% ----------------------- 0.264971% 0.277735%
BANKRUPTCY - --------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 ------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------- 0.000000% 0.000000%
FORECLOSURE - --------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
REO - --------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- 0.000000% 0.000000%
TOTAL - ---------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 4 1,708,669.94 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 1 123,750.00 180+ Days 0 0.00 ----------------------- 5 1,832,419.94 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.211977% 0.258979% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.052994% 0.018756% 180+ Days 0.000000% 0.000000% ----------------------- 0.264971% 0.277735%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,593.59 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 25,215,787.00 3.50012228% 25,215,787.00 3.82188704% 96.178113% 0.000000% Class B-1 15,489,787.00 2.15008751% 15,489,787.00 2.34774414% 1.474143% 38.571075% Class B-2 9,725,787.00 1.35000521% 9,725,787.00 1.47411062% 0.873634% 22.858696% Class B-3 5,763,787.00 0.80005273% 5,763,787.00 0.83760124% 0.600509% 15.712379% Class B-4 3,962,787.00 0.55006172% 3,962,787.00 0.60062866% 0.272973% 7.142351% Class B-5 2,882,787.00 0.40015039% 2,882,787.00 0.43693605% 0.163693% 4.283031% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.436936% 11.432469%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 119,754.00 0.01662267% 119,754.00 0.01815078% Fraud 21,612,777.00 3.00000005% 21,612,777.00 3.27578879% Special Hazard 11,600,000.00 1.61015869% 11,600,000.00 1.75817989%
Limit of subordinate's exposure to certain types of losses COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.166789% Weighted Average Net Coupon 2.804722% Weighted Average Pass-Through Rate 2.797722% Weighted Average Maturity (Stepdown Calculation) 317 Beginning Scheduled Collateral Loan Count 1,919 Number of Loans Paid in Full 32 Ending Scheduled Collateral Loan Count 1,887 Beginning Scheduled Collateral Balance 672,924,074.91 Ending Scheduled Collateral Balance 659,773,215.12 Ending Actual Collateral Balance at 30-July-2003 659,772,306.23 Monthly P&I Constant 1,775,840.51 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,987,483.00 Ending Scheduled Balance for Premium Loans 659,773,215.12 Scheduled Principal 0.00 Unscheduled Principal 13,150,859.79
MISCELLANEOUS REPORTING
Pro Rata Senior Percentage 96.252804% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% One Month LIBOR Loan Balance 187,903,264.04 Six Month LIBOR Loan Balance 471,869,951.08