Wells Fargo Bank Minnesota, N.A. SMT Series 2003-4 Certificateholder Distribution Statement (August 2003)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-4 trust. It summarizes the interest and principal payments made to certificateholders as of August 29, 2003, with distributions occurring on September 22, 2003. The statement details the amounts distributed to each class of certificates, the beginning and ending balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 3 f93523iexv10w1.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 2003-4 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 ----- --------- ----------- ------------ -------------- ------------ ------------- ------------- -------------- 1-A-1 81743PBH8 SEN 1.42000% 148,248,153.60 175,426.98 1,370,792.72 0.00 146,877,360.88 1-A-2 81743PBJ4 SEN 1.45375% 149,740,103.30 181,403.89 402,601.24 0.00 149,337,502.06 1-X-1A 81743PBM7 IO 0.90564% 0.00 53,020.31 0.00 0.00 0.00 1-X-1B 81743PBN5 IO 1.05588% 0.00 68,627.44 0.00 0.00 0.00 1-X-2 81743PBP0 IO 1.01862% 0.00 127,106.42 0.00 0.00 0.00 1-X-B 81743PBQ8 IO 0.67869% 0.00 2,185.39 0.00 0.00 0.00 1-A-R 81743PBL9 R 2.39158% 0.00 0.00 0.00 0.00 0.00 1-B-1 81743PBK1 SUB 1.76000% 3,864,000.00 5,667.20 0.00 0.00 3,864,000.00 1-B-2 81743PBR6 SUB 2.43868% 2,628,000.00 5,340.70 0.00 0.00 2,628,000.00 1-B-3 81743PBS4 SUB 2.43868% 1,546,000.00 3,141.83 0.00 0.00 1,546,000.00 1-B-4 81743PBT2 SUB 2.43868% 773,000.00 1,570.91 0.00 0.00 773,000.00 1-B-5 81743PBU9 SUB 2.43868% 464,000.00 942.96 0.00 0.00 464,000.00 1-B-6 81743PBV7 SUB 2.43868% 1,236,668.87 2,513.14 0.00 0.00 1,236,668.87 2-A-1 81743PBW5 SEN 1.46000% 188,012,934.52 228,749.07 3,236,127.68 0.00 184,776,806.84 2-M-1 81743PBX3 MEZ 1.58000% 9,986,000.00 13,148.23 0.00 0.00 9,986,000.00 2-X-1 81743PCA2 IO 0.94056% 0.00 147,363.99 0.00 0.00 0.00 2-X-M 81743PCB0 IO 0.82056% 0.00 6,828.40 0.00 0.00 0.00 2-X-B 81743PCC8 IO 0.64056% 0.00 1,263.50 0.00 0.00 0.00 2-A-R 81743PBZ8 R 2.34631% 0.00 0.00 0.00 0.00 0.00 2-B-1 81743PBY1 SUB 1.76000% 2,367,000.00 3,471.60 0.00 0.00 2,367,000.00 2-B-2 81743PCD6 SUB 2.40056% 824,000.00 1,648.38 0.00 0.00 824,000.00 2-B-3 81743PCE4 SUB 2.40056% 1,235,000.00 2,470.57 0.00 0.00 1,235,000.00 2-B-4 81743PCF1 SUB 2.40056% 618,000.00 1,236.29 0.00 0.00 618,000.00 2-B-5 81743PCG9 SUB 2.40056% 515,000.00 1,030.24 0.00 0.00 515,000.00 2-B-6 81743PCH7 SUB 2.40056% 926,589.00 1,853.61 0.00 0.00 926,589.00 --------- ----------- ------------ -------------- ------------ ------------- ------------- -------------- Totals 512,984,449.29 1,036,011.05 5,009,521.64 0.00 507,974,927.65 -------------- ------------ ------------- ------------- -------------- Total Cumulative Class Distribution Realized Loss ----- ------------- ------------- 1-A-1 1,546,219.70 0.00 1-A-2 584,005.13 0.00 1-X-1A 53,020.31 0.00 1-X-1B 68,627.44 0.00 1-X-2 127,106.42 0.00 1-X-B 2,185.39 0.00 1-A-R 0.00 0.00 1-B-1 5,667.20 0.00 1-B-2 5,340.70 0.00 1-B-3 3,141.83 0.00 1-B-4 1,570.91 0.00 1-B-5 942.96 0.00 1-B-6 2,513.14 0.00 2-A-1 3,464,876.75 0.00 2-M-1 13,148.23 0.00 2-X-1 147,363.99 0.00 2-X-M 6,828.40 0.00 2-X-B 1,263.50 0.00 2-A-R 0.00 0.00 2-B-1 3,471.60 0.00 2-B-2 1,648.38 0.00 2-B-3 2,470.57 0.00 2-B-4 1,236.29 0.00 2-B-5 1,030.24 0.00 2-B-6 1,853.61 0.00 ------------ ------------- Totals 6,045,532.69 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 Ending Original Face Certificate Principal Principal Realized Total Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- -------------- -------------- ------------ ------------- --------- -------- --------------- -------------- 1-A-1 148,641,000.00 148,248,153.60 0.00 1,370,792.72 0.00 0.00 1,370,792.72 146,877,360.88 1-A-2 150,000,000.00 149,740,103.30 0.00 402,601.24 0.00 0.00 402,601.24 149,337,502.06 1-X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 3,864,000.00 3,864,000.00 0.00 0.00 0.00 0.00 0.00 3,864,000.00 1-B-2 2,628,000.00 2,628,000.00 0.00 0.00 0.00 0.00 0.00 2,628,000.00 1-B-3 1,546,000.00 1,546,000.00 0.00 0.00 0.00 0.00 0.00 1,546,000.00 1-B-4 773,000.00 773,000.00 0.00 0.00 0.00 0.00 0.00 773,000.00 1-B-5 464,000.00 464,000.00 0.00 0.00 0.00 0.00 0.00 464,000.00 1-B-6 1,236,668.87 1,236,668.87 0.00 0.00 0.00 0.00 0.00 1,236,668.87 2-A-1 189,415,000.00 188,012,934.52 10,145.91 3,225,981.77 0.00 0.00 3,236,127.68 184,776,806.84 2-M-1 9,986,000.00 9,986,000.00 0.00 0.00 0.00 0.00 0.00 9,986,000.00 2-X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-X-M 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 2,367,000.00 2,367,000.00 0.00 0.00 0.00 0.00 0.00 2,367,000.00 2-B-2 824,000.00 824,000.00 0.00 0.00 0.00 0.00 0.00 824,000.00 2-B-3 1,235,000.00 1,235,000.00 0.00 0.00 0.00 0.00 0.00 1,235,000.00 2-B-4 618,000.00 618,000.00 0.00 0.00 0.00 0.00 0.00 618,000.00 2-B-5 515,000.00 515,000.00 0.00 0.00 0.00 0.00 0.00 515,000.00 2-B-6 926,589.00 926,589.00 0.00 0.00 0.00 0.00 0.00 926,589.00 -------------- -------------- --------- ------------ ---- ---- ------------ -------------- Totals 515,039,457.87 512,984,449.29 10,145.91 4,999,375.73 0.00 0.00 5,009,521.64 507,974,927.65 -------------- -------------- --------- ------------ ---- ---- ------------ -------------- Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- 1-A-1 0.98813491 1,370,792.72 1-A-2 0.99558335 402,601.24 1-X-1A 0.00000000 0.00 1-X-1B 0.00000000 0.00 1-X-2 0.00000000 0.00 1-X-B 0.00000000 0.00 1-A-R 0.00000000 0.00 1-B-1 1.00000000 0.00 1-B-2 1.00000000 0.00 1-B-3 1.00000000 0.00 1-B-4 1.00000000 0.00 1-B-5 1.00000000 0.00 1-B-6 1.00000000 0.00 2-A-1 0.97551306 3,236,127.68 2-M-1 1.00000000 0.00 2-X-1 0.00000000 0.00 2-X-M 0.00000000 0.00 2-X-B 0.00000000 0.00 2-A-R 0.00000000 0.00 2-B-1 1.00000000 0.00 2-B-2 1.00000000 0.00 2-B-3 1.00000000 0.00 2-B-4 1.00000000 0.00 2-B-5 1.00000000 0.00 2-B-6 1.00000000 0.00 ----------- --------------- Totals 0.98628352 5,009,521.64 ----------- ---------------
(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 - ----- -------------- -------------- ------------ ------------- ---------- ---------- --------------- ------------- 1-A-1 148,641,000.00 997.35707914 0.00000000 9.22217100 0.00000000 0.00000000 9.22217100 988.13490813 1-A-2 150,000,000.00 998.26735533 0.00000000 2.68400827 0.00000000 0.00000000 2.68400827 995.58334707 1-X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1-B-2 2,628,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1-B-3 1,546,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1-B-4 773,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1-B-5 464,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1-B-6 1,236,668.87 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-A-1 189,415,000.00 992.59791738 0.05356445 17.03128987 0.00000000 0.00000000 17.08485431 975.51306306 2-M-1 9,986,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 100.00 0.00000000 0.0000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-B-2 824,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-B-3 1,235,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-B-4 618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-B-5 515,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 2-B-6 926,589.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- 1-A-1 0.98813491 9.22217100 1-A-2 0.99559335 2.68400827 1-X-1A 0.00000000 0.00000000 1-X-1B 0.00000000 0.00000000 1-X-2 0.00000000 0.00000000 1-X-B 0.00000000 0.00000000 1-A-R 0.00000000 0.00000000 1-B-1 1.00000000 0.00000000 1-B-2 1.00000000 0.00000000 1-B-3 1.00000000 0.00000000 1-B-4 1.00000000 0.00000000 1-B-5 1.00000000 0.00000000 1-B-6 1.00000000 0.00000000 2-A-1 0.97551306 17.08485431 2-M-1 1.00000000 0.00000000 2-X-1 0.00000000 0.00000000 2-X-M 0.00000000 0.00000000 2-X-B 0.00000000 0.00000000 2-A-R 0.00000000 0.00000000 2-B-1 1.00000000 0.00000000 2-B-2 1.00000000 0.00000000 2-B-3 1.00000000 0.00000000 2-B-4 1.00000000 0.00000000 2-B-5 1.00000000 0.00000000 2-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) ----- ---------------- ----------- -------------- ------------ ---------- --------- --------- --------- 1-A-1 148,641,000.00 1.42000% 148,248,153.60 175,426.98 0.00 0.00 0.00 0.00 1-A-2 150,000,000.00 1.45375% 149,740,103.30 181,403.90 0.00 0.00 0.00 0.00 1-X-1A 0.00 0.90564% 70,253,745.77 53,020.31 0.00 0.00 0.00 0.00 1-X-1B 0.00 1.05588% 77,994,407.83 68,627.44 0.00 0.00 0.00 0.00 1-X-2 0.00 1.01862% 149,740,103.30 127,106.42 0.00 0.00 0.00 0.00 1-X-B 0.00 0.67869% 3,864,000.00 2,185.39 0.00 0.00 0.00 0.00 1-A-R 100.00 2.39158% 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 3,864,000.00 1.76000% 3,864,000.00 5,667.20 0.00 0.00 0.00 0.00 1-B-2 2,628,000.00 2.43868% 2,628,000.00 5,340.70 0.00 0.00 0.00 0.00 1-B-3 1,546,000.00 2.43868% 1,546,000.00 3,141.83 0.00 0.00 0.00 0.00 1-B-4 773,000.00 2.43868% 773,000.00 1,570.91 0.00 0.00 0.00 0.00 1-B-5 464,000.00 2.43868% 464,000.00 942.96 0.00 0.00 0.00 0.00 1-B-6 1,236,668.87 2.43868% 1,236,668.87 2,513.20 0.00 0.00 0.00 0.00 2-A-1 189,415,000.00 1.46000% 188,012,934.52 228,749.07 0.00 0.00 0.00 0.00 2-M-1 9,986,000.00 1.58000% 9,986,000.00 13,148.23 0.00 0.00 0.00 0.00 2-X-1 0.00 0.94056% 188,012,934.52 147,363.99 0.00 0.00 0.00 0.00 2-X-M 0.00 0.82056% 9,986,000.00 6,828.40 0.00 0.00 0.00 0.00 2-X-B 0.00 0.64056% 2,367,000.00 1,263.50 0.00 0.00 0.00 0.00 2-A-R 100.00 2.34631% 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 2,367,000.00 1.76000% 2,367,000.00 3,471.60 0.00 0.00 0.00 0.00 2-B-2 824,000.00 2.40056% 824,000.00 1,648.38 0.00 0.00 0.00 0.00 2-B-3 1,235,000.00 2.40056% 1,235,000.00 2,470.57 0.00 0.00 0.00 0.00 2-B-4 618,000.00 2.40056% 618,000.00 1,236.29 0.00 0.00 0.00 0.00 2-B-5 515,000.00 2.40056% 515,000.00 1,030.24 0.00 0.00 0.00 0.00 2-B-6 926,589.00 2.40056% 926,589.00 1,853.61 0.00 0.00 0.00 0.00 ---------------- ----------- -------------- ------------ ---------- --------- --------- --------- Totals 515,039,457.87 1,036,011.12 0.00 0.00 0.00 0.00 ---------------- ----------- -------------- ------------ ---------- --------- --------- --------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance ----- -------------- --------- -------------- 1-A-1 175,426.98 0.00 146,877,360.88 1-A-2 181,403.89 0.00 149,337,502.06 1-X-1A 53,020.31 0.00 69,054,520.98 1-X-1B 68,627.44 0.00 77,822,839.90 1-X-2 127,106.42 0.00 149,337,502.06 1-X-B 2,185.39 0.00 3,864,000.00 1-A-R 0.00 0.00 0.00 1-B-1 5,667.20 0.00 3,864,000.00 1-B-2 5,340.70 0.00 2,628,000.00 1-B-3 3,141.83 0.00 1,546,000.00 1-B-4 1,570.91 0.00 773,000.00 1-B-5 942.96 0.00 464,000.00 1-B-6 2,513.14 0.00 1,236,668.87 2-A-1 228,749.07 0.00 184,776,806.84 2-M-1 13,148.23 0.00 9,986,000.00 2-X-1 147,363.99 0.00 184,776,806.84 2-X-M 6,828.40 0.00 9,986,000.00 2-X-B 1,263.50 0.00 2,367,000.00 2-A-R 0.00 0.00 0.00 2-B-1 3,471.60 0.00 2,367,000.00 2-B-2 1,648.38 0.00 824,000.00 2-B-3 2,470.57 0.00 1,235,000.00 2-B-4 1,236.29 0.00 618,000.00 2-B-5 1,030.24 0.00 515,000.00 2-B-6 1,853.61 0.00 926,589.00 ------------ --------- -------------- Totals 1,036,011.05 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) ----- -------------- ------------ -------------- ---------- ---------- ---------- ---------- ---------- 1-A-1 148,641,000.00 1.42000% 997.35707914 1.18020587 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 150,000,000.00 1.45375% 998.26735533 1.20935933 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1A 0.00 0.90564% 998.47230896 0.75354432 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00 1.05588% 996.35467509 0.87669453 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00 1.01862% 998.26735533 0.84737613 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00 0.67869% 1000.00000000 0.56557712 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 2.39158% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1.76000% 1000.00000000 1.46666667 0.00000000 0.00000000 0.00000000 0.00000000 1-B-2 2,628,000.00 2.43868% 1000.00000000 2.03222983 0.00000000 0.00000000 0.00000000 0.00000000 1-B-3 1,546,000.00 2.43868% 1000.00000000 2.03223157 0.00000000 0.00000000 0.00000000 0.00000000 1-B-4 773,000.00 2.43868% 1000.00000000 2.03222510 0.00000000 0.00000000 0.00000000 0.00000000 1-B-5 464,000.00 2.43868% 1000.00000000 2.03224138 0.00000000 0.00000000 0.00000000 0.00000000 1-B-6 1,236,668.87 2.43868% 1000.00000000 2.03223358 0.00000000 0.00004043 0.00000000 0.00000000 2-A-1 189,415,000.00 1.46000% 992.59791738 1.20766080 0.00000000 0.00000000 0.00000000 0.00000000 2-M-1 9,986,000.00 1.58000% 1000.00000000 1.31666633 0.00000000 0.00000000 0.00000000 0.00000000 2-X-1 0.00 0.94056% 992.59791738 0.77799535 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00 0.82056% 1000.00000000 0.68379732 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00 0.64056% 1000.00000000 0.53379806 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 100.00 2.34631% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1.76000% 1000.00000000 1.46666667 0.00000000 0.00000000 0.00000000 0.00000000 2-B-2 824,000.00 2.40056% 1000.00000000 2.00046117 0.00000000 0.00000000 0.00000000 0.00000000 2-B-3 1,235,000.00 2.40056% 1000.00000000 2.00046154 0.00000000 0.00000000 0.00000000 0.00000000 2-B-4 618,000.00 2.40056% 1000.00000000 2.00046926 0.00000000 0.00000000 0.00000000 0.00000000 2-B-5 515,000.00 2.40056% 1000.00000000 2.00046602 0.00000000 0.00000000 0.00000000 0.00000000 2-B-6 926,589.00 2.40056% 1000.00000000 2.00046623 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance ----- -------------- ---------- ------------- 1-A-1 1.18020587 0.00000000 988.13490813 1-A-2 1.20935927 0.00000000 995.58334707 1-X-1A 0.75354432 0.00000000 981.42848116 1-X-1B 0.87669453 0.00000000 994.16294733 1-X-2 0.84737613 0.00000000 995.58334707 1-X-B 0.56557712 0.00000000 1000.00000000 1-A-R 0.00000000 0.00000000 0.00000000 1-B-1 1.46666667 0.00000000 1000.00000000 1-B-2 2.03222983 0.00000000 1000.00000000 1-B-3 2.03223157 0.00000000 1000.00000000 1-B-4 2.03222510 0.00000000 1000.00000000 1-B-5 2.03224138 0.00000000 1000.00000000 1-B-6 2.03218506 0.00004043 1000.00000000 2-A-1 1.20766080 0.00000000 975.51306306 2-M-1 1.31666633 0.00000000 1000.00000000 2-X-1 0.77799535 0.00000000 975.51306306 2-X-M 0.68379732 0.00000000 1000.00000000 2-X-B 0.53379806 0.00000000 1000.00000000 2-A-R 0.00000000 0.00000000 0.00000000 2-B-1 1.46666667 0.00000000 1000.00000000 2-B-2 2.00046117 0.00000000 1000.00000000 2-B-3 2.00046154 0.00000000 1000.00000000 2-B-4 2.00046926 0.00000000 1000.00000000 2-B-5 2.00046602 0.00000000 1000.00000000 2-B-6 2.00046623 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 6,192,278.15 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,850.62 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,194,128.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 148,596.06 Payment of Interest and Principal 6,045,532.71 ------------ Total Withdrawals (Pool Distribution Amount) 6,194,128.77 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 147,527.35 Master Servicing Fee 1,068.71 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 148,596.06 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- 1-X-1A Reserve Fund 4,000.00 0.00 0.00 4,000.00 1-X-2 Reserve Fund 4,000.00 0.00 0.00 4,000.00 1-X-1B Reserve Fund 2,000.00 0.00 0.00 2,000.00 2-X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 2-X-B Reserve Fund 2,500.00 0.00 0.00 2,500.00 2-X-M 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 1 987,000.00 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 -------- ---------- -------- -------- -------- -------- 1 987,000.00 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 0.096246% 0.194301% 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% -------- ---------- -------- -------- -------- -------- 0.096246% 0.194301% 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 1 987,000.00 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 1 987,000.00 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 0.096246% 0.194301% 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% 0.096246% 0.194301%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,850.62 GROUP 1A - 1 MO.
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 1 987,000.00 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 -------- ---------- -------- -------- -------- -------- 1 987,000.00 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 0.621118% 1.380143% 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% -------- ---------- -------- -------- -------- -------- 0.621118% 1.380143% 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 1 987,000.00 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 1 987,000.00 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 0.621118% 1.380143% 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% 0.621118% 1.380143%
Group 1A - 6 Mo.
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%
GROUP 1B
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%
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 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 2.771095% Weighted Average Net Coupon 2.425991% Weighted Average Pass-Through Rate 2.423491% Weighted Average Maturity (Stepdown Calculation) 322 Beginning Scheduled Collateral Loan Count 1,043 Number of Loans Paid in Full 4 Ending Scheduled Collateral Loan Count 1,039 Beginning Scheduled Collateral Balance 512,984,450.04 Ending Scheduled Collateral Balance 507,974,928.40 Ending Actual Collateral Balance at 29-Aug-2003 507,974,928.40 Monthly P&I Constant 1,194,753.06 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 507,974,928.40 Scheduled Principal 10,145.91 Unscheduled Principal 4,999,375.73
MISCELLANEOUS REPORTING Group 1A Pro Rata Senior Percentage 96.591087% Group 1B Pro Rata Senior Percentage 96.594200% Group 2 Pro Rata Senior Percentage 91.944823% Group 1A Senior Percentage 100.000000% Group 1B Senior Percentage 100.000000% Group 2 Senior Percentage 100.000000% Group 1A Senior Prepayment Percentage 100.000000% Group 1B Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 1 Subordinate Percentage 0.000000% Group 2 Subordinate Percentage 0.000000% Group 1 Subordinate Prepay Percentage 0.000000% Group 2 Subordinate Prepay Percentage 0.000000%
GROUP GROUP 1A - 1 MO GROUP 1A - 6 MO GROUP 1B GROUP 2 TOTAL Collateral Description 1 Month 6 Month 6 Month 1 Month LIBOR ARM LIBOR ARM LIBOR ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.703137 2.853383 2.849866 2.703057 2.771095 Weighted Average Net Rate 2.328137 2.478383 2.474866 2.403057 2.425991 Pass-Through Rate 2.325637 2.475883 2.472366 2.400557 2.423491 Weighted Average Maturity 298 298 298 351 322 Record Date 08/29/2003 08/29/2003 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 163,839.72 192,001.74 368,154.67 470,756.93 1,194,753.06 Beginning Loan Count 162 241 425 215 1,043 Loans Paid in Full 1 0 1 2 4 Ending Loan Count 161 241 424 213 1,039 Beginning Scheduled Balance 72,733,155.73 80,747,002.87 155,019,767.17 204,484,524.27 512,984,450.04 Ending Scheduled Balance 71,514,352.75 80,595,013.13 154,617,165.93 201,248,396.59 507,974,928.40 Scheduled Principal 0.00 0.00 0.00 10,145.91 10,145.91 Unscheduled Principal 1,218,802.98 151,989.74 402,601.24 3,225,981.77 4,999,375.73 Scheduled Interest 163,839.72 192,001.74 368,154.67 460,611.02 1,184,607.15 Servicing Fee 22,729.11 25,233.44 48,443.68 51,121.12 147,527.35 Master Servicing Fee 0.00 0.00 0.00 0.00 0.00 Trustee Fee 151.53 168.22 322.96 426.00 1,068.71 FRY Amount 0.00 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 0.00 Net Interest 140,959.08 166,600.08 319,388.03 409,063.90 1,036,011.09 Realized Loss Amount 0.00 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00 0.00