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 12,743,181.93 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 247.55 Realized Losses 0.00 Prepayment Penalties 0.00 ------------------ Total Deposits 12,743,429.48 Withdrawals Reimbursement for Servicer Advances 4,593.59 Payment of Service Fee 202,808.35 Payment of Interest and Principal 12,536,027.54 ------------------ Total Withdrawals (Pool Distribution Amount) 12,743,429.48 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 BANKRUPTCY FORECLOSURE - ------------------------------------- --------------------------------------- ------------------------------------------ No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 103,945.68 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------ ----------- ------------ ------------ ------------- ------------- 1 103,945.68 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.053735% 0.016024% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------ ----------- ------------ ------------ ------------- ------------- 0.053735% 0.016024% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL ------------------------------------------------ ------------------------------------------------ No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 103,945.68 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------- -------------- ------------ ------------ 0 0.00 1 103,945.68
No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.053735% 0.016024% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------- -------------- ------------ ------------ 0.000000% 0.000000% 0.053735% 0.016024%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 247.55
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 3.88717616% 96.112824% 0.000000% Class B-1 15,489,787.00 2.15008751% 15,489,787.00 2.38785054% 1.499326% 38.571075% Class B-2 9,725,787.00 1.35000521% 9,725,787.00 1.49929278% 0.888558% 22.858696% Class B-3 5,763,787.00 0.80005273% 5,763,787.00 0.88852493% 0.610768% 15.712379% Class B-4 3,962,787.00 0.55006172% 3,962,787.00 0.61088917% 0.277636% 7.142351% Class B-5 2,882,787.00 0.40015039% 2,882,787.00 0.44440020% 0.166489% 4.283031% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.444400% 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 0.01846085% Fraud 21,612,777.00 3.00000005% 21,612,777.00 3.33174893% Special Hazard 11,600,000.00 1.61015869% 11,600,000.00 1.78821480%
Limit of subordinate's exposure to certain types of losses COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.014249% Weighted Average Net Coupon 2.652380% Weighted Average Pass-Through Rate 2.645380% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 1,887 Number of Loans Paid in Full 26 Ending Scheduled Collateral Loan Count 1,861 Beginning Scheduled Collateral Balance 659,773,215.12 Ending Scheduled Collateral Balance 648,691,646.37 Ending Actual Collateral Balance at 29-Aug-2003 648,692,196.76 Monthly P&I Constant 1,657,267.19 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,906,493.41 Ending Scheduled Balance for Premium Loans 648,691,646.37 Scheduled Principal 0.00 Unscheduled Principal 11,081,568.75
MISCELLANEOUS REPORTING
Pro Rata Senior Percentage 96.178113% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% One Month LIBOR Loan Balance 186,086,979.95 Six Month LIBOR Loan Balance 462,604,666.42