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EX-10.1 3 f93089gexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE ###-###-#### FAX: (301) 315-6660 SMT SERIES 2003-1 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------------------------------------------------------------------------------ 1A 81743PAA4 SEN 1.48000% 763,242,934.51 941,332.95 2A 81743PAB2 SEN 1.74000% 179,956,051.41 260,936.27 X-1A 81743PAC0 IO 1.17618% 0.00 172,590.75 X-1B 81743PAD8 IO 1.25245% 0.00 612,818.76 X-2 81743PAE6 IO 1.00371% 0.00 150,520.31 X-B 81743PAF3 IO 0.74040% 0.00 9,813.39 A-R 81743PAG1 R 2.75784% 0.00 0.00 B-1 81743PAH9 SUB 1.98000% 15,905,000.00 26,243.25 B-2 81743PAJ5 SUB 2.72040% 8,210,000.00 18,612.07 B-3 81743PAK2 SUB 2.72040% 5,644,000.00 12,794.95 B-4 SEQ0301B4 SUB 2.72040% 2,565,000.00 5,814.86 B-5 SEQ0301B5 SUB 2.72040% 1,539,000.00 3,488.91 B-6 SEQ0301B6 SUB 2.72040% 4,105,618.00 9,307.44 - ------------------------------------------------------------------------------ Totals 981,167,603.92 2,224,273.91 - ------------------------------------------------------------------------------
Ending Cumulative Principal Current Certificate Total Realized Class Distribution Realized Loss Balance Distribution Loss - -------------------------------------------------------------------------------- 1A 12,101,016.54 0.00 751,141,917.97 13,042,349.49 0.00 2A 1,885,292.94 0.00 178,070,758.47 2,146,229.21 0.00 X-1A 0.00 0.00 0.00 172,590.75 0.00 X-1B 0.00 0.00 0.00 612,818.76 0.00 X-2 0.00 0.00 0.00 150,520.31 0.00 X-B 0.00 0.00 0.00 9,813.39 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 15,905,000.00 26,243.25 0.00 B-2 0.00 0.00 8,210,000.00 18,612.07 0.00 B-3 0.00 0.00 5,644,000.00 12,794.95 0.00 B-4 0.00 0.00 2,565,000.00 5,814.86 0.00 B-5 0.00 0.00 1,539,000.00 3,488.91 0.00 B-6 0.00 0.00 4,105,618.00 9,307.44 0.00 - -------------------------------------------------------------------------------- Totals 13,986,309.48 0.00 967,181,294.44 16,210,583.39 00.00 - --------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----------------------------------------------------------------------------------- 1A 798,206,000.00 763,242,934.51 0.00 12,101,016.54 0.00 2A 190,000,000.00 179,956,051.41 0.00 1,885,292.94 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------- Totals 1,026,174,718.00 981,167,603.92 0.00 13,986,309.48 0.00 - -----------------------------------------------------------------------------------
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------- 1A 0.00 12,101,016.54 751,141,917.97 0.94103767 12,101,016.54 2A 0.00 1,885,292.94 178,070,758.47 0.93721452 1,885,292.94 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 15,905,000.00 1.00000000 0.00 B-2 0.00 0.00 8,210,000.00 1.00000000 0.00 B-3 0.00 0.00 5,644,000.00 1.00000000 0.00 B-4 0.00 0.00 2,565,000.00 1.00000000 0.00 B-5 0.00 0.00 1,539,000.00 1.00000000 0.00 B-6 0.00 0.00 4,105,618.00 1.00000000 0.00 - ---------------------------------------------------------------------------- Totals 0.00 13,986,309.48 967,181,294.44 0.94251133 13,986,309.48 - ----------------------------------------------------------------------------
(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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ---------------------------------------------------------------------------------- 1A 798,206,000.00 956.19794202 0.00000000 15.16026758 0.00000000 2A 190,000,000.00 947.13711268 0.00000000 9.92259442 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------- 1A 0.00000000 15.16026758 941.03767445 0.94103767 15.16026758 2A 0.00000000 9.92259442 937.21451826 0.93721452 9.92259442 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
(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
Payment Beginning of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall - ----------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 763,242,934.51 941,332.95 0.00 2A 190,000,000.00 1.74000% 179,956,051.41 260,936.27 0.00 X-1A 0.00 1.17618% 176,085,421.66 172,590.75 0.00 X-1B 0.00 1.25245% 587,157,513.84 612,818.76 0.00 X-2 0.00 1.00371% 179,956,051.41 150,520.31 0.00 X-B 0.00 0.74040% 15,905,000.00 9,813.39 0.00 A-R 100.00 2.75784% 0.00 0.00 0.00 B-1 15,905,000.00 1.98000% 15,905,000.00 26,243.25 0.00 B-2 8,210,000.00 2.72040% 8,210,000.00 18,612.07 0.00 B-3 5,644,000.00 2.72040% 5,644,000.00 12,794.95 0.00 B-4 2,565,000.00 2.72040% 2,565,000.00 5,814.86 0.00 B-5 1,539,000.00 2.72040% 1,539,000.00 3,488.91 0.00 B-6 4,105,618.00 2.72040% 4,105,618.00 9,307.44 0.00 Totals 1,026,174,718.00 2,224,273.91 0.00
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ---------------------------------------------------------------------------------- 1A 0.00 0.00 0.00 941,332.95 0.00 751,141,917.97 2A 0.00 0.00 0.00 260,936.27 0.00 178,070,758.47 X-1A 0.00 0.00 0.00 172,590.75 0.00 171,166,750.16 X-1B 0.00 0.00 0.00 612,818.76 0.00 579,975,168.80 X-2 0.00 0.00 0.00 150,520.31 0.00 178,070,758.47 X-B 0.00 0.00 0.00 9,813.39 0.00 15,905,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 26,243.25 0.00 15,905,000.00 B-2 0.00 0.00 0.00 18,612.07 0.00 8,210,000.00 B-3 0.00 0.00 0.00 12,794.95 0.00 5,644,000.00 B-4 0.00 0.00 0.00 5,814.86 0.00 2,565,000.00 B-5 0.00 0.00 0.00 3,488.91 0.00 1,539,000.00 B-6 0.00 0.00 0.00 9,307.44 0.00 4,105,618.00 Totals 0.00 0.00 0.00 2,224,273.91 0.00
(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
Payment Beginning of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class(5) Amount Rate Balance Interest Shortfall - ---------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 956.19794202 1.17931079 0.00000000 2A 190,000,000.00 1.74000% 947.13711268 1.37334879 0.00000000 X-1A 0.00 1.17618% 961.27963965 0.94220165 0.00000000 X-1B 0.00 1.25245% 954,68442528 0.99640814 0.00000000 X-2 0.00 1.00371% 947.13711268 0.79221216 0.00000000 X-B 0.00 0.74040% 1000.00000000 0.61700031 0.00000000 A-R 100.00 2.75784% 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1.98000% 1000.00000000 1.65000000 0.00000000 B-2 8,210,000.00 2.72040% 1000.00000000 2.26700000 0.00000000 B-3 5,644,000.00 2.72040% 1000.00000000 2.26700035 0.00000000 B-4 2,565,000.00 2.72040% 1000.00000000 2.26700195 0.00000000 B-5 1,539,000.00 2.72040% 1000.00000000 2.26699805 0.00000000 B-6 4,105,618.00 2.72040% 1000.00000000 2.26700097 0.00000000
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class(5) Shortfall Shortfall Loss (6) Distribution Shortfall Balance - ------------------------------------------------------------------------------------- 1A 0.00000000 0.00000000 0.00000000 1.17931079 0.00000000 941.03767445 2A 0.00000000 0.00000000 0.00000000 1.37334879 0.00000000 937.21451826 X-1A 0.00000000 0.00000000 0.00000000 0.94220165 0.00000000 934.42779285 X-1B 0.00000000 0.00000000 0.00000000 0.99640814 0.00000000 943.00634438 X-2 0.00000000 0.00000000 0.00000000 0.79221216 0.00000000 937.21451826 X-B 0.00000000 0.00000000 0.00000000 0.61700031 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.000000000 B-1 0.00000000 0.00000000 0.00000000 1.65000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.26700000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.26700035 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.26700195 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.26699805 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.26700097 0.00000000 1000.00000000
(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 16,527,565.21 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,527,565.21 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 316,981.82 Payment of Interest and Principal 16,210,583.39 ------------- Total Withdrawals (Pool Distribution Amount) 16,527,565.21 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 =============
SERVICING FEES Gross Servicing Fee 308,805.43 Master Servicing Fee 8,176.39 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 316,981.82 =============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT - ------------------------------------- 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%
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 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ---------------- ----------- -------------- ------------ --------------- ------------- Class A 1,026,174,618.00 99.99999026% 967,181,294.44 100.00000000% 96.074302% 0.000000% Class 1A 227,968,618.00 22.21538048% 216,039,376.47 22.33700938% 77.662991% 1,978.323040% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 3.92569813% 18.411311% 468.994575% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 3.92569813% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.28122878% 1.644469% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.43237034% 0.848858% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.84881894% 0.583551% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.58361530% 0.265204% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.42449311% 0.159122% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.424493% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
DELINQUENT - ----------------------------------- 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%
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 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%
POOL 2
DELINQUENT - ----------------------------------- 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%
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 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%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.108039% Weighted Average Net Coupon 2.730360% Weighted Average Pass-Through Rate 2.720360% Weighted Average Maturity (Stepdown Calculation) 321 Beginning Scheduled Collateral Loan Count 2,761 Number of Loans Paid in Full 22 Ending Scheduled Collateral Loan Count 2,739 Beginning Scheduled Collateral Balance 981,167,603.92 Ending Scheduled Collateral Balance 967,181,294.44 Ending Actual Collateral Balance at 31-July-2003 967,183,378.24 Monthly P&I Constant 2,541,255.74 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,124,508.53 Ending Scheduled Balance for Premium Loans 967,181,294.44 Scheduled Principal 0.00 Unscheduled Principal 13,986,309.48
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month Collateral Description Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.103162 3.128714 3.108039 Weighted Average Net Rate 2.724851 2.753714 2.730360 Pass-Through Rate 2.714851 2.743714 2.720360 Weighted Average Maturity 319 327 321 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 2,053,030.66 488,225.08 2,541,255.74 Beginning Loan Count 2,205 556 2,761 Loans Paid in Full 18 4 22 Ending Loan Count 2,187 552 2,739 Beginning Scheduled Balance 793,911,710.51 187,255,893.41 981,167,603.92 Ending Scheduled Balance 781,810,693.97 185,370,600.47 967,181,294.44 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 12,101,016.54 1,885,292.94 13,986,309.48 Scheduled Interest 2,053,030.66 488,255.08 2,541,255.74 Servicing Fee 250,287.97 58,517.46 308,805.43 Master Servicing Fee 6,615.92 1,560.47 8,176.39 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,796,126.77 428,147.15 2,224,273.92 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 One Month Libor Loan Balance 178,155,408.92 Six Month Libor Loan Balance 603,655,285.05 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 185,370,600.47 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%