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EX-10.1 3 f93523fexv10w1.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: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2003-1 RECORD DATE: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending Class Pass-Through Certificate Interest Principal Current Certificate Class CUSIP Description Rate Balance Distribution Distribution Realized Loss Balance ----- --------- ----------- ------------ -------------- ------------ ------------- ------------- -------------- 1A 81743PAA4 SEN 1.49000% 751,141,917.97 932,667.88 13,685,535.46 0.00 737,456,382.51 2A 81743PAB2 SEN 1.59000% 178,070,758.47 235,943.75 1,851,573.12 0.00 176,219,185.35 X-1A 81743PAC0 IO 0.91809% 0.00 130,955.99 0.00 0.00 0.00 X-1B 81743PAD8 IO 1.14031% 0.00 551,125.41 0.00 0.00 0.00 X-2 81743PAE6 IO 1.05856% 0.00 157,082.10 0.00 0.00 0.00 X-B 81743PAF3 IO 0.60292% 0.00 7,991.14 0.00 0.00 0.00 A-R 81743PAG1 R 2.74783% 0.00 0.00 0.00 0.00 0.00 B-1 81743PAH9 SUB 1.99000% 15,905,000.00 26,375.79 0.00 0.00 15,905,000.00 B-2 81743PAJ5 SUB 2.59292% 8,210,000.00 17,739.86 0.00 0.00 8,210,000.00 B-3 81743PAK2 SUB 2.59292% 5,644,000.00 12,195.35 0.00 0.00 5,644,000.00 B-4 SEQ0301B4 SUB 2.59292% 2,565,000.00 5,542.36 0.00 0.00 2,565,000.00 B-5 SEQ0301B5 SUB 2.59292% 1,539,000.00 3,325.41 0.00 0.00 1,539,000.00 B-6 SEQ0301B6 SUB 2.59292% 4,105,618.00 8,871.27 0.00 0.00 4,105,618.00 --------- ----------- ------------ -------------- ------------ ------------- ------------- -------------- Totals 967,181,294.44 2,089,816.31 15,537,108.58 0.00 951,644,185.86 -------------- ------------ ------------- ------------- -------------- Total Cumulative Class Distribution Realized Loss ----- ------------- ------------- 1A 14,618,203.34 0.00 2A 2,087,516.87 0.00 X-1A 130,955.99 0.00 X-1B 551,125.41 0.00 X-2 157,082.10 0.00 X-B 7,991.14 0.00 A-R 0.00 0.00 B-1 26,375.79 0.00 B-2 17,739.86 0.00 B-3 12,195.35 0.00 B-4 5,542.36 0.00 B-5 3,325.41 0.00 B-6 8,871.27 0.00 ------------- ------------- Totals 17,626,924.89 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
Beginning Scheduled Unscheduled Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- -------------- -------------- ------------ ------------- --------- -------- --------------- -------------- 1A 798,206,000.00 751,141,917.97 5.23 13,685,530.23 0.00 0.00 13,685,535.46 737,456,382.51 2A 190,000,000.00 178,070,758.47 1.06 1,851,572.06 0.00 0.00 1,851,573.12 176,219,185.35 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 15,905,000.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 8,210,000.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 5,644,000.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 2,565,000.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 1,539,000.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 4,105,618.00 ---------------- -------------- ------------ ------------- --------- -------- --------------- -------------- Totals 1,026,174,718.00 967,181,294.44 6.29 15,537,102.29 0.00 0.00 15,537,108.58 951,644,185.86 ---------------- -------------- ------------ ------------- --------- -------- --------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- 1A 0.92389231 13,685,535.46 2A 0.92746940 1,851,573.12 X-1A 0.00000000 0.00 X-1B 0.00000000 0.00 X-2 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 ----------- --------------- Totals 0.92737052 15,537,108.58 ----------- ---------------
(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
Beginning Scheduled Unscheduled Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- -------------- ------------ ------------- ---------- ---------- --------------- ------------- 1A 798,206,000.00 941.03767445 0.00000655 17.14536126 0.00000000 0.00000000 17.14536781 923.89230664 2A 190,000,000.00 937.21451826 0.00000558 9.74511611 0.00000000 0.00000000 9.74512168 927.46939658 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- 1A 0.92389231 17.14536781 2A 0.92746940 9.74512168 X-1A 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 X-2 0.00000000 0.00000000 X-B 0.00000000 0.00000000 A-R 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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
Beginning Payment of Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) ----- ---------------- ----------- -------------- ------------ ---------- --------- --------- --------- 1A 798,206,000.00 1.49000% 751,141,917.97 932,667.88 0.00 0.00 0.00 0.00 2A 190,000,000.00 1.59000% 178,070,758.47 235,943.75 0.00 0.00 0.00 0.00 X-1A 0.00 0.91809% 171,166,750.16 130,955.99 0.00 0.00 0.00 0.00 X-1B 0.00 1.14031% 579,975,168.80 551,125.41 0.00 0.00 0.00 0.00 X-2 0.00 1.05856% 178,070,758.47 157,082.10 0.00 0.00 0.00 0.00 X-B 0.00 0.60292% 15,905,000.00 7,991.14 0.00 0.00 0.00 0.00 A-R 100.00 2.74783% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 1.99000% 15,905,000.00 26,375.79 0.00 0.00 0.00 0.00 B-2 8,210,000.00 2.59292% 8,210,000.00 17,739.86 0.00 0.00 0.00 0.00 B-3 5,644,000.00 2.59292% 5,644,000.00 12,195.35 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2.59292% 2,565,000.00 5,542.36 0.00 0.00 0.00 0.00 B-5 1,539,000.00 2.59292% 1,539,000.00 3,325.41 0.00 0.00 0.00 0.00 B-6 4,105,618.00 2.59292% 4,105,618.00 8,871.27 0.00 0.00 0.00 0.00 ---------------- ----------- -------------- ------------ ---------- --------- --------- --------- Totals 1,026,174,718.00 2,089,816.31 0.00 0.00 0.00 0.00 ---------------- ------------ ---------- --------- --------- --------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- -------------- --------- -------------- 1A 932,667.88 0.00 737,456,382.51 2A 235,943.75 0.00 176,219,185.35 X-1A 130,955.99 0.00 166,806,090.11 X-1B 551,125.41 0.00 570,650,293.39 X-2 157,082.10 0.00 176,219,185.35 X-B 7,991.14 0.00 15,905,000.00 A-R 0.00 0.00 0.00 B-1 26,375.79 0.00 15,905,000.00 B-2 17,739.86 0.00 8,210,000.00 B-3 12,195.35 0.00 5,644,000.00 B-4 5,542.36 0.00 2,565,000.00 B-5 3,325.41 0.00 1,539,000.00 B-6 8,871.27 0.00 4,105,618.00 -------------- --------- -------------- Totals 2,089,816.31 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
Beginning Payment of Non- Current Certificate/ Current Unpaid Current Supported Class Original Face Certificate Notional Accrued Interest Interest Interest Realized (5) Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) ----- -------------- ------------ -------------- ---------- ---------- ---------- ---------- ---------- 1A 798,206,000.00 1.49000% 941.03767445 1.16845511 0.00000000 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.59000% 937.21451826 1.24180921 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.91809% 934.42779285 0.71491056 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.14031% 943.00634438 0.89609829 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.05856% 937.21451826 0.82674789 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.60292% 1000.00000000 0.50242942 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74783% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1.99000% 1000.00000000 1.65833323 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.59292% 1000.00000000 2.16076248 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.59292% 1000.00000000 2.16076364 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.59292% 1000.00000000 2.16076413 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.59292% 1000.00000000 2.16076023 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.59292% 1000.00000000 2.16076362 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance ----- -------------- ---------- ------------- 1A 1.16845511 0.00000000 923.89230664 2A 1.24180921 0.00000000 927.46939658 X-1A 0.71491056 0.00000000 910.62222347 X-1B 0.89609829 0.00000000 927.84463204 X-2 0.82674789 0.00000000 927.46939658 X-B 0.50242942 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.000000000 B-1 1.65833323 0.00000000 1000.00000000 B-2 2.16076248 0.00000000 1000.00000000 B-3 2.16076364 0.00000000 1000.00000000 B-4 2.16076413 0.00000000 1000.00000000 B-5 2.16076023 0.00000000 1000.00000000 B-6 2.16076362 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 17,939,149.61 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 17,939,149.61 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 312,224.71 Payment of Interest and Principal 17,626,924.90 ------------- Total Withdrawals (Pool Distribution Amount) 17,939,149.61 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 304,164.86 Master Servicing Fee 8,059.85 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 312,224.71 ==========
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 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 0 0.00 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 -------- -------- -------- -------- -------- -------- 0 0.00 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 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 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 0 0.00 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 0 0.00 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 0.000000% 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% 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% 0.000000% 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% 951,644,185.86 100.00000000% 96.010209% 0.000000% Class 1A 227,968,618.00 22.21538048% 214,187,803.35 22.50713098% 77.492869% 1,942.278706% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 3.98979141% 18.517340% 464.117986% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 3.98979141% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.31847347% 1.671318% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.45575607% 0.862717% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.86267726% 0.593079% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.59314375% 0.269534% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.43142364% 0.161720% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.431424% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
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 0 0.00 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 -------- -------- -------- -------- -------- -------- 0 0.00 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 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 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 0 0.00 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 0 0.00 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 0.000000% 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% 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% 0.000000% 0.000000%
POOL 2
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 0 0.00 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 -------- -------- -------- -------- -------- -------- 0 0.00 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 0.000000% 0.000000% 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% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 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 0 0.00 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 0 0.00 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 0.000000% 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% 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% 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 2.980257% Weighted Average Net Coupon 2.602874% Weighted Average Pass-Through Rate 2.592874% Weighted Average Maturity (Stepdown Calculation) 320 Beginning Scheduled Collateral Loan Count 2,739 Number of Loans Paid in Full 37 Ending Scheduled Collateral Loan Count 2,702 Beginning Scheduled Collateral Balance 967,181,294.44 Ending Scheduled Collateral Balance 951,644,185.86 Ending Actual Collateral Balance at 29-Aug-2003 951,646,197.21 Monthly P&I Constant 2,402,047.33 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 17,544,883.72 Ending Scheduled Balance for Premium Loans 951,644,185.86 Scheduled Principal 6.29 Unscheduled Principal 15,537,102.29
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 2.967619 3.033560 2.980257 Weighted Average Net Rate 2.589671 2.658560 2.602874 Pass-Through Rate 2.579671 2.648560 2.592874 Weighted Average Maturity 318 326 320 Record Date 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 1,933,435.63 468,611.70 2,402,047.33 Beginning Loan Count 2,187 552 2,739 Loans Paid in Full 32 5 37 Ending Loan Count 2,155 547 2,702 Beginning Scheduled Balance 781,810,693.97 185,370,600.47 967,181,294.44 Ending Scheduled Balance 768,125,158.51 183,519,027.35 951,644,185.86 Scheduled Principal 5.23 1.06 6.29 Unscheduled Principal 13,685,530.23 1,851,572.06 15,537,102.29 Scheduled Interest 1,933,430.40 468,610.64 2,402,041.04 Servicing Fee 246,236.55 57,928.31 304,164.86 Master Servicing Fee 6,515.11 1,544.74 8,059.85 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 1,680,678.74 409,137.59 2,089,816.33 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 173,743,094.88 Six Month Libor Loan Balance 594,382,063.63 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 185,519,027.35 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%