Certificateholder Distribution Summary for SMT Series 2003-3 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2003-3, administered by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of August 29, 2003, with distributions occurring on September 22, 2003. The summary includes payment rates, balances, and realized losses, confirming that all distributions were calculated according to the Pooling and Servicing Agreement. No realized losses were reported for this period, and all principal and interest payments were made as scheduled.

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EX-10.1 3 f93523hexv10w1.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 2003-3 RECORD DATE: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Class Certificate Beginning Interest Principal Class CUSIP Description Pass-Through Rate Certificate Balance Distribution Distribution - ------------- -------------------- ---------------- ------------------- --------------------- ------------------ ------------- A-1 81743PAT3 SEN 1.44000% 375,651,375.74 450,781.65 2,361,976.75 A-2 81743PAU0 SEN 1.34000% 148,517,454.61 165,844.49 862,458.49 X-1A 81743PAV8 IO 0.94990% 0.00 78,912.36 0.00 X-1B 81743PAW6 IO 1.31510% 0.00 302,432.15 0.00 X-2 81743PAX4 IO 1.40895% 0.00 174,378.40 0.00 X-B 81743PAY2 IO 0.92389% 0.00 6,986.95 0.00 A-R 81743PBA3 R 2.63682% 0.00 0.00 0.00 B-1 81743PBB1 SUB 1.76000% 9,075,000.00 13,310.00 0.00 B-2 81743PBC9 SUB 2.68389% 4,675,000.00 10,456.00 0.00 B-3 81743PBD7 SUB 2.68389% 2,475,000.00 5,535.53 0.00 B-4 81743PBE5 SUB 2.68389% 1,650,000.00 3,690.35 0.00 B-5 81743PBF2 SUB 2.68389% 825,000.00 1,845.18 0.00 B-6 81743PBG0 SUB 2.68389% 1,925,608.17 4,306.77 0.00 - ------------- --------------------- ------------------ ------------ Totals 544,794,438.52 1,218,479.83 3,224,435.24 - ------------- --------------------- ------------------ ------------- Current Ending Certificate Cumulative Class Realized Loss Balance Total Distribution Realized Loss - ------------- -------------------- ------------------ ------------------- --------------------- A-1 0.00 373,289,398.99 2,812,758.40 0.00 A-2 0.00 147,654,996.12 1,028,302.98 0.00 X-1A 0.00 0.00 78,912.36 0.00 X-1B 0.00 0.00 302,432.15 0.00 X-2 0.00 0.00 174,378.40 0.00 X-B 0.00 0.00 6,986.95 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 9,075,000.00 13,310.00 0.00 B-2 0.00 4,675,000.00 10,456.00 0.00 B-3 0.00 2,475,000.00 5,535.53 0.00 B-4 0.00 1,650,000.00 3,690.35 0.00 B-5 0.00 825,000.00 1,845.18 0.00 B-6 0.00 1,925,608.17 4,306.77 0.00 - ------------- -------------------- ------------------ ------------------- --------------------- Totals 0.00 541,570,003.28 4,442,916.07 0.00 - ------------- -------------------- ------------------ ------------------- ---------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Scheduled Unscheduled Beginning Principal Principal Realized Class Original Face Amount Certificate Balance Distribution Distribution Accretion Loss (1) - ------------- -------------------- ------------------- --------------- ------------------ ------------------ ------------ A-1 379,455,000.00 375,651,375.74 0.00 2,361,976.75 0.00 0.00 A-2 149,922,000.00 148,517,454.61 0.00 862,458.49 0.00 0.00 X-1A 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 X-2 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 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 9,075,000.00 9,075,000.00 0.00 0.00 0.00 0.00 B-2 4,675,000.00 4,675,000.00 0.00 0.00 0.00 0.00 B-3 2,475,000.00 2,475,000.00 0.00 0.00 0.00 0.00 B-4 1,650,000.00 1,650,000.00 0.00 0.00 0.00 0.00 B-5 825,000.00 825,000.00 0.00 0.00 0.00 0.00 B-6 1,925,608.17 1,925,608.17 0.00 0.00 0.00 0.00 - ------------- -------------------- ------------------- --------------- ------------------ ------------------ ------------ Totals 550,002,708.17 544,794,438.52 0.00 3,224,435.24 0.00 0.00 - ------------- -------------------- ------------------- --------------- ------------------ ------------------ ------------ Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------- -------------------- --------------------- ---------------------- ------------------ A-1 2,361,976.75 373,289,398.99 0.98375143 2,361,976.75 A-2 862,458.49 147,654,996.12 0.98487878 862,458.49 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 9,075,000.00 1.00000000 0.00 B-2 0.00 4,675,000.00 1.00000000 0.00 B-3 0.00 2,475,000.00 1.00000000 0.00 B-4 0.00 1,650,000.00 1.00000000 0.00 B-5 0.00 825,000.00 1.00000000 0.00 B-6 0.00 1,925,608.17 1.00000000 0.00 - ------------- -------------------- --------------------- ---------------------- ------------------ Totals 3,224,435.24 541,570,003.28 0.98466788 3,224,435.24 - ------------- -------------------- --------------------- ---------------------- ------------------
(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 Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ------------- -------------------- ------------------- ---------------- -------------------- -------------- ----------------- A-1 379,455,000.00 989.97608607 0.00000000 6.22465576 0.00000000 0.00000000 A-2 149,922,000.00 990.63149244 0.00000000 5.75271468 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,075,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,675,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,925,608.17 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------- -------------------- ------------------- ---------------- -------------------- -------------- ----------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------- -------------------- --------------------- ---------------------- ---------------------- A-1 6.22465576 983.75143031 0.98375143 6.22465576 A-2 5.75271468 984.87877776 0.98487878 5.75271468 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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 of Beginning Unpaid Current Current Certificate/ Current Accrued Interest Interest Class Original Face Amount Certificate Rate Notional Balance Interest Shortfall Shortfall - ------------ -------------------- ------------------ ----------------- ---------------- -------------- -------------- A-1 379,455,000.00 1.44000% 375,651,375.74 450,781.65 0.00 0.00 A-2 149,922,000.00 1.34000% 148,517,454.61 165,844.49 0.00 0.00 X-1A 0.00 0.94990% 99,688,859.70 78,912.36 0.00 0.00 X-1B 0.00 1.31510% 275,962,516.04 302,432.15 0.00 0.00 X-2 0.00 1.40895% 148,517,454.61 174,378.40 0.00 0.00 X-B 0.00 0.92389% 9,075,000.00 6,986.95 0.00 0.00 A-R 100.00 2.63682% 0.00 0.00 0.00 0.00 B-1 9,075,000.00 1.76000% 9,075,000.00 13,310.00 0.00 0.00 B-2 4,675,000.00 2.68389% 4,675,000.00 10,456.00 0.00 0.00 B-3 2,475,000.00 2.68389% 2,475,000.00 5,535.53 0.00 0.00 B-4 1,650,000.00 2.68389% 1,650,000.00 3,690.35 0.00 0.00 B-5 825,000.00 2.68389% 825,000.00 1,845.18 0.00 0.00 B-6 1,925,608.17 2.68389% 1,925,608.17 4,306.77 0.00 0.00 - ------------ ---------------------- ----------------- --------------- ---------------- Totals 550,002,708.17 1,218,479.83 0.00 0.00 - ------------ ---------------------- ----------------- --------------- ---------------- Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class Shortfall Loss(4) Distribution Shortfall Notational Balance - ------------ -------------- ------------- ----------------- --------------- --------------------- A-1 0.00 0.00 450,781.65 0.00 373,289,398.99 A-2 0.00 0.00 165,844.49 0.00 147,654,996.12 X-1A 0.00 0.00 78,912.36 0.00 99,458,019.30 X-1B 0.00 0.00 302,432.15 0.00 273,831,379.69 X-2 0.00 0.00 174,378.40 0.00 147,654,996.12 X-B 0.00 0.00 6,986.95 0.00 9,075,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,310.00 0.00 9,075,000.00 B-2 0.00 0.00 10,456.00 0.00 4,675,000.00 B-3 0.00 0.00 5,535.53 0.00 2,475,000.00 B-4 0.00 0.00 3,690.35 0.00 1,650,000.00 B-5 0.00 0.00 1,845.18 0.00 825,000.00 B-6 0.00 0.00 4,306.77 0.00 1,925,608.17 - ------------ --------------- -------------- ------------------ ---------------- Totals 0.00 0.00 1,218,479.83 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 of Current Beginning Unpaid Current Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ----------- ------------------- ------------ ------------------ -------------------- --------------- ------------- A-1 379,455,000.00 1.44000% 989.97608607 1.18797130 0.00000000 0.00000000 A-2 149,922,000.00 1.34000% 990.63149244 1.10620516 0.00000000 0.00000000 X-1A 0.00 0.94990% 988.66668527 0.78261525 0.00000000 0.00000000 X-1B 0.00 1.31510% 990.44994794 1.08545143 0.00000000 0.00000000 X-2 0.00 1.40895% 990.63149244 1.16312749 0.00000000 0.00000000 X-B 0.00 0.92389% 1000.00000000 0.76991185 0.00000000 0.00000000 A-R 100.00 2.63682% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,075,000.00 1.76000% 1000.00000000 1.46666667 0.00000000 0.00000000 B-2 4,675,000.00 2.68389% 1000.00000000 2.23657754 0.00000000 0.00000000 B-3 2,475,000.00 2.68389% 1000.00000000 2.23657778 0.00000000 0.00000000 B-4 1,650,000.00 2.68389% 1000.00000000 2.23657576 0.00000000 0.00000000 B-5 825,000.00 2.68389% 1000.00000000 2.23658182 0.00000000 0.00000000 B-6 1,925,608.17 2.68389% 1000.00000000 2.23657651 0.00000000 0.00000000 - ----------- ------------------- ------------ ------------------ -------------------- --------------- ------------- Remaining Non-Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ----------- --------------- ---------------- ----------------- --------------- ----------------------- A-1 0.00000000 0.00000000 1.18797130 0.00000000 983.75143031 A-2 0.00000000 0.00000000 1.10620516 0.00000000 984.87877776 X-1A 0.00000000 0.00000000 0.78261525 0.00000000 986.37732001 X-1B 0.00000000 0.00000000 1.08545143 0.00000000 982.80114144 X-2 0.00000000 0.00000000 1.16312749 0.00000000 984.87877776 X-B 0.00000000 0.00000000 0.76991185 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.46666667 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.23657754 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.23657778 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.23657576 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.23658182 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.23657651 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 4,618,111.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 5,794.17 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 4,623,906.16 Withdrawals Reimbursement for Servicer Advances 5,736.71 Payment of Service Fee 175,254.37 Payment of Interest and Principal 4,442,915.08 ------------ Total Withdrawals (Pool Distribution Amount) 4,623,906.16 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 170,714.41 Master Servicing Fee 4,539.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 175,254.37 ==========
Ending Account Type Beginning Balance Current Withdrawals Current Deposits Balance - ------------ ----------------- ------------------- ---------------- -------- Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Reserve Fund 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 6 1,524,959.38 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 987,589.01 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 ----------- --------------- --------- ------------- --------- ----------- 8 2,512,548.39 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 0.381922% 0.281581% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.127307% 0.182357% 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% ----------- --------------- --------- ------------- --------- ----------- 0.509230% 0.463938% 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 6 1,524,959.38 60 Days 0 0.00 60 Days 2 987,589.01 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 8 2,512,548.39 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 0.381922% 0.281581% 60 Days 0.000000% 0.000000% 60 Days 0.127307% 0.182357% 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% 0.509230% 0.463938% Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 5,794.17
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ------------- ------------- ------------- --------------- ------------- Class A 20,625,608.17 3.75009211% 20,625,608.17 3.80848423% 96.191516% 0.000000% Class X-2 20,625,608.17 3.75009211% 20,625,608.17 3.80848423% 0.000000% 0.000000% Class B-1 11,550,608.17 2.10010024% 11,550,608.17 2.13280058% 1.675684% 43.998703% Class B-2 6,875,608.17 1.25010442% 6,875,608.17 1.26956961% 0.863231% 22.665998% Class B-3 4,400,608.17 0.80010664% 4,400,608.17 0.81256498% 0.457005% 11.999646% Class B-4 2,750,608.17 0.50010811% 2,750,608.17 0.50789522% 0.304670% 7.999764% Class B-5 1,925,608.17 0.35010885% 1,925,608.17 0.35556034% 0.152335% 3.999882% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.355560% 9.336007%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP GROUP 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 5 1,211,501.94 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 187,589.01 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 -------------- -------------- ------------- ------------- ------------- ------------- 6 1,399,090.95 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 0.448833% 0.312184% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.089767% 0.048339% 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% -------------- -------------- ------------- ------------- ------------- -------------- 0.538600% 0.360522% 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 5 1,211,501.94 60 Days 0 0.00 60 Days 1 187,589.01 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 6 1,399,090.95 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 0.448833% 0.312184% 60 Days 0.000000% 0.000000% 60 Days 0.089767% 0.048339% 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% 0.538600% 0.360522% ------------- ------------- ------------- ------------- ------------- ----------------
GROUP 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 1 313,457.44 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 800,000.00 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 ------------- -------------- ------------- -------------- ------------- ------------- 2 1,113,457.44 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 0.218818% 0.204211% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.218818% 0.521184% 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% ------------- -------------- ------------- -------------- ------------- ------------- 0.437637% 0.725395% 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 1 313,457.44 60 Days 0 0.00 60 Days 1 800,000.00 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 2 1,113,457.44 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 0.218818% 0.204211% 60 Days 0.000000% 0.000000% 60 Days 0.218818% 0.521184% 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% 0.437637% 0.725395% - ------------- ---------- --------- ------------- --------- ----------
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.069930% Weighted Average Net Coupon 2.693904% Weighted Average Pass-Through Rate 2.683904% Weighted Average Maturity (Stepdown Calculation) 355 Beginning Scheduled Collateral Loan Count 1,579 Number of Loans Paid in Full 8 Ending Scheduled Collateral Loan Count 1,571 Beginning Scheduled Collateral Balance 544,794,438.52 Ending Scheduled Collateral Balance 541,570,003.28 Ending Actual Collateral Balance at 29-Aug-2003 541,570,144.87 Monthly P&I Constant 1,393,734.20 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,396,784.29 Ending Scheduled Balance for Premium Loans 541,570,003.28 Scheduled Principal 0.00 Unscheduled Principal 3,224,435.24
MISCELLANEOUS REPORTING
Group 1 One Month Libor Loan Balance 103,396,991.07 Group 1 Six Month Libor Loan Balance 284,676,297.79 Group 2 Six Month Libor Loan Balance 153,496,714.42 Pro-Rata Senior Percent 96.214057% Group 1 Senior Percent 100.000000% Group 2 Senior Percent 100.000000% Group 1 Senior Prepayment Percent 100.000000% Group 2 Senior Prepayment Percent 100.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.044619 3.133953 3.069930 Weighted Average Net Rate 2.668186 2.758953 2.693904 Pass-Through Rate 2.658186 2.748953 2.683904 Weighted Average Maturity 330 334 355 Record Date 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 990,605.57 403,128.63 1,393,734.20 Beginning Loan Count 1,121 458 1,579 Loans Paid in Full 7 1 8 Ending Loan Count 1,114 457 1,571 Beginning Scheduled Balance 390,435,265.61 154,359,172.91 544,794,438.52 Ending Scheduled Balance 388,073,288.86 153,496,714.42 541,570,003.28 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,361,976.75 862,458.49 3,224,435.24 Scheduled Interest 990,605.57 403,128.63 1,393,734.20 Servicing Fee 122,477.17 48,237.24 170,714.41 Master Servicing Fee 3,253.62 1,286.34 4,539.96 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 864,874.78 353,605.05 1,218,479.83 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