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EX-10.1 3 f93523jexv10w1.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 2003-5 RECORD DATE: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - ------------ --------------- ------------ ----------------- ----------------- ------------- ---------------- -------------- A-1 81743PCJ3 SEN 1.42000% 675,596,000.00 612,915.70 3,974,349.10 0.00 A-2 81743PCK0 SEN 1.53125% 149,609,000.00 146,362.28 51,408.36 0.00 X-1A 81743PCL8 IO 1.39469% 0.00 104,493.90 0.00 0.00 X-1B 81743PCM6 IO 1.64746% 0.00 804,083.14 0.00 0.00 X-2 81743PCN4 IO 1.54577% 0.00 192,717.61 0.00 0.00 X-B 81743PCP9 IO 1.39462% 0.00 17,482.67 0.00 0.00 A-R 81743PCQ7 R 2.70249% 100.00 0.23 100.00 0.00 B-1 81743PCR5 SUB 1.71000% 15,043,000.00 16,434.48 0.00 0.00 B-2 81743PCS3 SUB 2.70562% 6,447,000.00 14,535.92 0.00 0.00 B-3 81743PCT1 SUB 2.70562% 6,017,000.00 13,566.41 0.00 0.00 B-4 SEQ0305B4 SUB 2.70562% 2,149,000.00 4,845.31 0.00 0.00 B-5 SEQ0305B5 SUB 2.70562% 1,289,000.00 2,906.28 0.00 0.00 B-6 SEQ0305B6 SUB 2.70562% 3,439,209.40 7,754.32 0.00 0.00 - ------------ --------------- ------------ ----------------- ----------------- ------------- ---------------- -------------- Totals 859,589,309.40 1,938,098.25 4,025,857.46 0.00 - ------------ --------------- ------------ ----------------- ----------------- ------------- ---------------- -------------- Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ------------ ------------------ -------------- -------------- A-1 671,621,650.90 4,587,264.80 0.00 A-2 149,557,591.64 197,770.64 0.00 X-1A 0.00 104,493.90 0.00 X-1B 0.00 804,083.14 0.00 X-2 0.00 192,717.61 0.00 X-B 0.00 17,482.67 0.00 A-R 0.00 100.23 0.00 B-1 15,043,000.00 16,434.48 0.00 B-2 6,447,000.00 14,535.92 0.00 B-3 6,017,000.00 13,566.41 0.00 B-4 2,149,000.00 4,845.31 0.00 B-5 1,289,000.00 2,906.28 0.00 B-6 3,439,209.40 7,754.32 0.00 - ------------ ------------------ -------------- -------------- Totals 855,563,451.94 5,963,955.71 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
Beginning Scheduled Unscheduled Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ------------ --------------- ---------------- ------------ -------------- --------- ---------- ------------- A-1 675,596,000.00 675,596,000.00 0.00 3,974,349.10 0.00 0.00 3,974,349.10 A-2 149,609,000.00 149,609,000.00 0.00 51,408.36 0.00 0.00 51,408.36 X-1A 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 X-2 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 A-R 100.00 100.00 0.00 100.00 0.00 0.00 100.00 B-1 15,043,000.00 15,043,000.00 0.00 0.00 0.00 0.00 0.00 B-2 6,447,000.00 6,447,000.00 0.00 0.00 0.00 0.00 0.00 B-3 6,017,000.00 6,017,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,149,000.00 2,149,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,289,000.00 1,289,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,439,209.40 3,439,209.40 0.00 0.00 0.00 0.00 0.00 - ------------ --------------- ---------------- ------------ -------------- --------- ---------- ------------- Totals 859,589,309.40 859,589,309.40 0.00 4,025,857.46 0.00 0.00 4,025,857.46 - ------------ --------------- ---------------- ------------ -------------- --------- ---------- ------------- Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ------------ --------------- -------------- --------------- A-1 671,621,650.90 0.99411727 3,974,349.10 A-2 149,557,591.64 0.99965638 51,408.36 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 100.00 B-1 15,043,000.00 1.00000000 0.00 B-2 6,447,000.00 1.00000000 0.00 B-3 6,017,000.00 1.00000000 0.00 B-4 2,149,000.00 1.00000000 0.00 B-5 1,289,000.00 1.00000000 0.00 B-6 3,439,209.40 1.00000000 0.00 - ------------ --------------- -------------- --------------- Totals 855,563,451.94 0.99531653 4,025,857.46 - ------------ --------------- -------------- ---------------
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----------- --------------- --------------- ------------ --------------- ------------ ------------ -------------- A-1 675,596,000.00 1000.00000000 0.00000000 5.88273036 0.00000000 0.00000000 5.88273036 A-2 149,609,000.00 1000.00000000 0.00000000 0.34361810 0.00000000 0.00000000 0.34361810 X-1A 0.00 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 X-2 0.00 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 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 B-1 15,043,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----------- ---------------- --------------- ----------------- A-1 994.11726964 0.99411727 5.88273036 A-2 999.65638190 0.99965638 0.34361810 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 1000.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 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
Beginning Payment of Certificate/ Current Unpaid Current Non-Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ------------ --------------- ---------------- --------------- ------------- ------------ ------------ -------------- A-1 675,596,000.00 1.42000% 675,596,000.00 612,915.70 0.00 0.00 0.00 A-2 149,609,000.00 1.53125% 149,609,000.00 146,362.28 0.00 0.00 0.00 X-1A 0.00 1.39469% 89,907,098.46 104,493.90 0.00 0.00 0.00 X-1B 0.00 1.64746% 585,688,901.54 804,083.14 0.00 0.00 0.00 X-2 0.00 1.54577% 149,609,000.00 192,717.61 0.00 0.00 0.00 X-B 0.00 1.39462% 15,043,000.00 17,482.67 0.00 0.00 0.00 A-R 100.00 2.70249% 100.00 0.23 0.00 0.00 0.00 B-1 15,043,000.00 1.71000% 15,043,000.00 16,434.48 0.00 0.00 0.00 B-2 6,447,000.00 2.70562% 6,447,000.00 14,535.92 0.00 0.00 0.00 B-3 6,017,000.00 2.70562% 6,017,000.00 13,566.41 0.00 0.00 0.00 B-4 2,149,000.00 2.70562% 2,149,000.00 4,845.31 0.00 0.00 0.00 B-5 1,289,000.00 2.70562% 1,289,000.00 2,906.28 0.00 0.00 0.00 B-6 3,439,209.40 2.70562% 3,439,209.40 7,754.32 0.00 0.00 0.00 - ------------ --------------- ---------------- --------------- ------------- ------------ ------------ -------------- Totals 859,589,309.40 1,938,098.25 0.00 0.00 0.00 - ------------ --------------- ---------------- --------------- ------------- ------------ ------------ -------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------------ ---------- -------------- ------------ ---------------- A-1 0.00 612,915.70 0.00 671,621,650.90 A-2 0.00 146,362.28 0.00 149,557,591.64 X-1A 0.00 104,493.90 0.00 89,858,034.77 X-1B 0.00 804,083.14 0.00 581,763,616.13 X-2 0.00 192,717.61 0.00 149,557,591.64 X-B 0.00 17,482.67 0.00 15,043,000.00 A-R 0.00 0.23 0.00 0.00 B-1 0.00 16,434.48 0.00 15,043,000.00 B-2 0.00 14,535.92 0.00 6,447,000.00 B-3 0.00 13,566.41 0.00 6,017,000.00 B-4 0.00 4,845.31 0.00 2,149,000.00 B-5 0.00 2,906.28 0.00 1,289,000.00 B-6 0.00 7,754.32 0.00 3,439,209.40 - ------------ ---------- -------------- ------------ ---------------- Totals 0.00 1,938,098.25 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 Non-Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ------------ --------------- ----------- ---------------- --------------- ------------- ------------ ------------- A-1 675,596,000.00 1.42000% 1000.00000000 0.90722222 0.00000000 0.00000000 0.00000000 A-2 149,609,000.00 1.53125% 1000.00000000 0.97829863 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.39469% 1000.00000000 1.16224305 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.64746% 1000.00000000 1.37288437 0.00000000 0.00000000 0.00000000 X-2 0.00 1.54577% 1000.00000000 1.28814182 0.00000000 0.00000000 0.00000000 X-B 0.00 1.39462% 1000.00000000 1.16217975 0.00000000 0.00000000 0.00000000 A-R 100.00 2.70249% 1000.00000000 2.30000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1.71000% 1000.00000000 1.09250017 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 2.70562% 1000.00000000 2.25467970 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 2.70562% 1000.00000000 2.25468007 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 2.70562% 1000.00000000 2.25468125 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 2.70562% 1000.00000000 2.25467804 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 2.70562% 1000.00000000 2.25468097 0.00000000 0.00000000 0.00000000 Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - ------------ ------------- --------------- ------------ ------------------- A-1 0.00000000 0.90722222 0.00000000 994.11726964 A-2 0.00000000 0.97829863 0.00000000 999.65638190 X-1A 0.00000000 1.16224305 0.00000000 999.45428458 X-1B 0.00000000 1.37288437 0.00000000 993.29800275 X-2 0.00000000 1.28814182 0.00000000 999.65638190 X-B 0.00000000 1.16217975 0.00000000 1000.00000000 A-R 0.00000000 2.30000000 0.00000000 0.00000000 B-1 0.00000000 1.09250017 0.00000000 1000.00000000 B-2 0.00000000 2.25467970 0.00000000 1000.00000000 B-3 0.00000000 2.25468007 0.00000000 1000.00000000 B-4 0.00000000 2.25468125 0.00000000 1000.00000000 B-5 0.00000000 2.25467804 0.00000000 1000.00000000 B-6 0.00000000 2.25468097 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 6,227,032.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,129.75 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------------- Total Deposits 6,238,162.14 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 274,206.44 Payment of Interest and Principal 5,963,955.70 ------------------- Total Withdrawals (Pool Distribution Amount) 6,238,162.14 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 268,834.01 Master Servicing Fee 5,372.43 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------------- Net Servicing Fee 274,206.44 ===================
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------- --------- ----------- -------- --------- Class X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT One-Month LIBOR - 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 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%
SIX-MONTH LIBOR - 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 6 2,887,550.00 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 --------- ------------- --------- --------- --------- --------- 6 2,887,550.00 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 0.357782% 0.476378% 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% --------- ------------ --------- --------- --------- --------- 0.357782% 0.476378% 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 2,887,550.00 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 6 2,887,550.00 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 0.357782% 0.476378% 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% 0.357782% 0.476378%
Six-Month LIBOR - 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 3 1,590,651.98 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 -------- ------------- --------- --------- --------- --------- 3 1,590,651.98 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 0.738916% 1.021008% 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% --------- ------------- --------- --------- --------- --------- 0.738916% 1.021008% 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 3 1,590,651.98 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 3 1,590,651.98 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 0.738916% 1.021008% 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% 0.738916% 1.021008%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.088412% Weighted Average Net Coupon 2.713115% Weighted Average Pass-Through Rate 2.705615% Weighted Average Maturity (Stepdown Calculation) 336 Beginning Scheduled Collateral Loan Count 2,290 Number of Loans Paid in Full 5 Ending Scheduled Collateral Loan Count 2,285 Beginning Scheduled Collateral Balance 859,589,309.40 Ending Scheduled Collateral Balance 855,563,451.94 Ending Actual Collateral Balance at 29-Aug-2003 855,563,184.51 Monthly P&I Constant 2,212,304.69 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,886,430.33 Ending Scheduled Balance for Premium Loans 855,563,451.94 Scheduled Principal 0.00 Unscheduled Principal 4,025,857.46
MISCELLANEOUS REPORTING Pro Rata Senior Percent - Group 1 96.00 Pro Rata Senior Percent - Group 2 95.10 Senior Percent - Group 1 100.00 Senior Percent - Group 2 100.00 Senior Prepayment Percent - Group 1 100.00 Senior Prepayment Percent - Group 2 100.00 Subordinate Percent - Group 1 0.00 Subordinate Percent - Group 2 0.00 Subordinate Prepayment Percent - Group 1 0.00 Subordinate Prepayment Percent - Group 2 0.00 Principal Transfer Amount - Group 1 0.00 Principal Transfer Amount - Group 2 0.00 Interest Transfer Amount - Group 1 0.00 Interest Transfer Amount - Group 2 0.00
GROUP 1 MO. LIBOR - GR 1 6 MO LIBOR - GR 1 6 MO LIBOR - GR 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.865858 3.119008 3.102377 3.088412 Weighted Average Net Rate 2.490858 2.743628 2.727229 2.713115 Pass-Through Rate 2.483358 2.736128 2.719729 2.705615 Weighted Average Maturity 321 339 336 336 Record Date 08/29/2003 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 223,664.03 1,585,735.98 402,904.68 2,212,304.69 Beginning Loan Count 202 1,682 406 2,290 Loans Paid in Full 0 5 0 5 Ending Loan Count 202 1,677 406 2,285 Beginning Scheduled Balance 93,653,209.88 610,092,490.61 155,843,608.91 859,589,309.40 Ending Scheduled Balance 93,624,244.17 606,147,007.22 155,792,200.55 855,563,451.94 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 28,965.71 3,945,483.39 51,408.36 4,025,857.46 Scheduled Interest 223,664.03 1,585,735.98 402,904.68 2,212,304.69 Servicing Fee 29,266.63 190,846.98 48,720.40 268,834.01 Master Servicing Fee 585.33 3,813.07 974.03 5,372.43 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 193,812.07 1,391,075.93 353,210.25 1,938,098.25 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00