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 June 30, 2003, with distributions occurring on July 21, 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 or interest shortfalls are reported for this period.

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EX-10.1 3 f92527aexv10w1.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: JUNE 30, 2003 DISTRIBUTION DATE: JULY 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Pass- Beginning Class Through Certificate Interest Class CUSIP Description Rate Balance Distribution ----- ----- ----------- ---- ------- ------------ A-1 81743PAT3 SEN 1.35750% 379,455,000.00 343,406.78 A-2 81743PAU0 SEN 1.34000% 149,922,000.00 133,930.32 X-1A 81743PAV8 IO 1.52988% 0.00 128,550.18 X-1B 81743PAW6 IO 1.67521% 0.00 388,959.32 X-2 81743PAX4 IO 1.67984% 0.00 209,870.91 X-B 81743PAY2 IO 1.38887% 0.00 10,503.35 A-R 81743PBA3 R 2.72259% 100.00 0.23 B-1 81743PBB1 SUB 1.67750% 9,075,000.00 10,148.88 B-2 81743PBC9 SUB 2.73087% 4,675,000.00 10,639.03 B-3 81743PBD7 SUB 2.73087% 2,475,000.00 5,632.43 B-4 81743PBE5 SUB 2.73087% 1,650,000.00 3,754.95 B-5 81743PBF2 SUB 2.73087% 825,000.00 1,877.48 B-6 81743PBG0 SUB 2.73087% 1,925,608.17 4,382.16 --- --------- --- -------- -------------- ---------- Totals 550,002,708.17 1,251,656.02
Current Ending Principal Realized Certificate Total Cumulative Class Distribution Loss Balance Distribution Realized Loss ----- ------------ ---- ------- ------------ ------------- A-1 1,668,258.32 0.00 377,786,741.68 2,011,665.10 0.00 A-2 171,464.17 0.00 149,750,535.83 305,394.49 0.00 X-1A 0.00 0.00 0.00 128,550.18 0.00 X-1B 0.00 0.00 0.00 388,959.32 0.00 X-2 0.00 0.00 0.00 209,870.91 0.00 X-B 0.00 0.00 0.00 10,503.35 0.00 A-R 100.00 0.00 0.00 100.23 0.00 B-1 0.00 0.00 9,075,000.00 10,148.88 0.00 B-2 0.00 0.00 4,675,000.00 10,639.03 0.00 B-3 0.00 0.00 2,475,000.00 5,632.43 0.00 B-4 0.00 0.00 1,650,000.00 3,754.95 0.00 B-5 0.00 0.00 825,000.00 1,877.48 0.00 B-6 0.00 0.00 1,925,608.17 4,382.16 0.00 --- ------------ ---- -------------- ------------ ---- Totals 1,839,822.49 0.00 548,162,885.68 3,091,478.51 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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion ----- ------ ------- ------------ ------------ --------- A-1 379,455,000.00 379,455,000.00 0.00 1,668,258.32 0.00 A-2 149,922,000.00 149,922,000.00 0.00 171,464.17 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 B-1 9,075,000.00 9,075,000.00 0.00 0.00 0.00 B-2 4,675,000.00 4,675,000.00 0.00 0.00 0.00 B-3 2,475,000.00 2,475,000.00 0.00 0.00 0.00 B-4 1,650,000.00 1,650,000.00 0.00 0.00 0.00 B-5 825,000.00 825,000.00 0.00 0.00 0.00 B-6 1,925,608.17 1,925,608.17 0.00 0.00 0.00 --- -------------- -------------- ---- ------------ ---- Totals 550,002,708.17 550,002,708.17 0.00 1,839,822.49 0.00
Ending Ending Total Realized Total Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution ----- -------- --------- ------- ---------- ------------ A-1 0.00 1,668,258.32 377,786,741.68 0.99560354 1,668,258.32 A-2 0.00 171,464.17 149,750,535.83 0.99885631 171,464.17 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 100.00 0.00 0.00000000 100.00 B-1 0.00 0.00 9,075,000.00 1.00000000 0.00 B-2 0.00 0.00 4,675,000.00 1.00000000 0.00 B-3 0.00 0.00 2,475,000.00 1.00000000 0.00 B-4 0.00 0.00 1,650,000.00 1.00000000 0.00 B-5 0.00 0.00 825,000.00 1.00000000 0.00 B-6 0.00 0.00 1,925,608.17 1.00000000 0.00 --- ---- ------------ -------------- ---------- ------------ Totals 0.00 1,839,822.49 548,162,885.68 0.99665488 1,839,822.49
(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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion --- -------------- ------------- ---------- ---------- ---------- A-1 379,455,000.00 1000.00000000 0.00000000 4.39645892 0.00000000 A-2 149,922,000.00 1000.00000000 0.00000000 1.14368919 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 B-1 9,075,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 4,675,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,925,608.17 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution --- ---------- ---------- ------------ ---------- ---------- A-1 0.00000000 4.39645892 995.60354108 0.99560354 4.39645892 A-2 0.00000000 1.14368919 998.85631081 0.99885631 1.14368919 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 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 Beginning of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall ----- -------------- -------- -------------- ------------ --------- A-1 379,455,000.00 1.35750% 379,455,000.00 343,406.78 0.00 A-2 149,922,000.00 1.34000% 149,922,000.00 133,930.32 0.00 X-1A 0.00 1.52988% 100,831,616.14 128,550.18 0.00 X-1B 0.00 1.67521% 278,623,383.86 388,959.32 0.00 X-2 0.00 1.67984% 149,922,000.00 209,870.91 0.00 X-B 0.00 1.38887% 9,075,000.00 10,503.35 0.00 A-R 100.00 2.72259% 100.00 0.23 0.00 B-1 9,075,000.00 1.67750% 9,075,000.00 10,148.88 0.00 B-2 4,675,000.00 2.73087% 4,675,000.00 10,639.03 0.00 B-3 2,475,000.00 2.73087% 2,475,000.00 5,632.43 0.00 B-4 1,650,000.00 2.73087% 1,650,000.00 3,754.95 0.00 B-5 825,000.00 2.73087% 825,000.00 1,877.48 0.00 B-6 1,925,608.17 2.73087% 1,925,608.17 4,382.16 0.00 --- -------------- -------- -------------- ------------ ---- Totals 550,002,708.17 1,251,656.02 0.00
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance ----- --------- --------- -------- ------------ --------- ------- A-1 0.00 0.00 0.00 343,406.78 0.00 377,786,741.68 A-2 0.00 0.00 0.00 133,930.32 0.00 149,750,535.83 X-1A 0.00 0.00 0.00 128,550.18 0.00 99,830,927.51 X-1B 0.00 0.00 0.00 388,959.32 0.00 277,955,814.17 X-2 0.00 0.00 0.00 209,870.91 0.00 149,750,535.83 X-B 0.00 0.00 0.00 10,503.35 0.00 9,075,000.00 A-R 0.00 0.00 0.00 0.23 0.00 0.00 B-1 0.00 0.00 0.00 10,148.88 0.00 9,075,000.00 B-2 0.00 0.00 0.00 10,639.03 0.00 4,675,000.00 B-3 0.00 0.00 0.00 5,632.43 0.00 2,475,000.00 B-4 0.00 0.00 0.00 3,754.95 0.00 1,650,000.00 B-5 0.00 0.00 0.00 1,877.48 0.00 825,000.00 B-6 0.00 0.00 0.00 4,382.16 0.00 1,925,608.17 --- ---- ---- ---- ---------- ---- -------------- Totals 0.00 0.00 0.00 1,251,656.02 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 Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class (5) Amount Rate Balance Interest Shortfall - --------- ------ ---- ------- -------- --------- A-1 379,455,000.00 1.35750% 1000.00000000 0.90500001 0.00000000 A-2 149,922,000.00 1.34000% 1000.00000000 0.89333333 0.00000000 X-1A 0.00 1.52988% 1000.00000000 1.27489953 0.00000000 X-1B 0.00 1.67521% 1000.00000000 1.39600386 0.00000000 X-2 0.00 1.67984% 1000.00000000 1.39986733 0.00000000 X-B 0.00 1.38887% 1000.00000000 1.15739394 0.00000000 A-R 100.00 2.72259% 1000.00000000 2.30000000 0.00000000 B-1 9,075,000.00 1.67750% 1000.00000000 1.11833388 0.00000000 B-2 4,675,000.00 2.73087% 1000.00000000 2.27572834 0.00000000 B-3 2,475,000.00 2.73087% 1000.00000000 2.27572929 0.00000000 B-4 1,650,000.00 2.73087% 1000.00000000 2.27572727 0.00000000 B-5 825,000.00 2.73087% 1000.00000000 2.27573333 0.00000000 B-6 1,925,608.17 2.73087% 1000.00000000 2.27572778 0.00000000
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class (5) Shortfall Shortfall Loss (6) Distribution Shortfall Balance - --------- --------- --------- -------- ------------ --------- ------- A-1 0.00000000 0.00000000 0.00000000 0.90500001 0.00000000 995.60354108 A-2 0.00000000 0.00000000 0.00000000 0.89333333 0.00000000 998.85631081 X-1A 0.00000000 0.00000000 0.00000000 1.27489953 0.00000000 990.07564623 X-1B 0.00000000 0.00000000 0.00000000 1.39600386 0.00000000 997.60404285 X-2 0.00000000 0.00000000 0.00000000 1.39986733 0.00000000 998.85631081 X-B 0.00000000 0.00000000 0.00000000 1.15739394 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 2.30000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1.11833388 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.27572834 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.27572929 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.27572727 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.27573333 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.27572778 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 3,264,168.71 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,235.11 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 3,268,403.82 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 176,925.33 Payment of Interest and Principal 3,091,478.49 ------------ Total Withdrawals (Pool Distribution Amount) 3,268,403.82 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 172,341.98 Master Servicing Fee 4,583.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 176,925.33 ==========
Beginning Current Current Ending Account Type Balance Withdrawals 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 3 1,763,047.11 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 1,763,047.11 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 0.189274% 0.321628% 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% -------- -------- -------- -------- -------- -------- 0.189274% 0.321628% 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 1,763,047.11 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 1,763,047.11
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 0.189274% 0.321628% 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% 0.189274% 0.321628%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,235.11 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 3.76267871% 96.237321% 0.000000% Class X-2 20,625,608.17 3.75009211% 20,625,608.17 3.76267871% 0.000000% 0.000000% Class B-1 11,550,608.17 2.10010024% 11,550,608.17 2.10714889% 1.655530% 43.998703% Class B-2 6,875,608.17 1.25010442% 6,875,608.17 1.25430020% 0.852849% 22.665998% Class B-3 4,400,608.17 0.80010664% 4,400,608.17 0.80279207% 0.451508% 11.999646% Class B-4 2,750,608.17 0.50010811% 2,750,608.17 0.50178665% 0.301005% 7.999764% Class B-5 1,925,608.17 0.35010885% 1,925,608.17 0.35128394% 0.150503% 3.999882% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.351284% 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 2 1,464,047.11 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 - ------------ - ---- - ---- 2 1,464,047.11 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 0.177778% 0.372938% 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% -------- -------- -------- -------- -------- -------- 0.177778% 0.372938% 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 2 1,464,047.11 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 2 1,464,047.11
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 0.177778% 0.372938% 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% 0.177778% 0.372938%
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 1 299,000.00 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 - ---------- - ---- - ---- 1 299,000.00 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 0.217391% 0.192169% 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% -------- -------- -------- -------- -------- -------- 0.217391% 0.192169% 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 1 299,000.00 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 1 299,000.00
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 0.217391% 0.192169% 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% 0.217391% 0.192169%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.116889% Weighted Average Net Coupon 2.740872% Weighted Average Pass-Through Rate 2.730872% Weighted Average Maturity (Stepdown Calculation) 357 Beginning Scheduled Collateral Loan Count 1,585 Number of Loans Paid in Full 0 Ending Scheduled Collateral Loan Count 1,585 Beginning Scheduled Collateral Balance 550,002,708.17 Ending Scheduled Collateral Balance 548,162,885.68 Ending Actual Collateral Balance at 30-June-2003 548,163,103.30 Monthly P&I Constant 1,428,581.35 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 3,044,540.23 Ending Scheduled Balance for Premium Loans 548,162,885.68 Scheduled Principal 0.00 Unscheduled Principal 1,839,822.49
MISCELLANEOUS REPORTING Group 1 One Month Libor Loan Balance 103,737,600.98 Group 1 Six Month Libor Loan Balance 288,833,030.57 Group 2 Six Month Libor Loan Balance 155,592,254.13 Pro-Rata Senior Percent 96.249908% 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 3.109007 3.136841 3.116889 Weighted Average Net Rate 2.732588 2.761841 2.740872 Pass-Through Rate 2.722588 2.751841 2.730872 Weighted Average Maturity 332 336 357 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal and Interest Constant 1,021,409.69 407,171.66 1,428,581.35 Beginning Loan Count 1,125 460 1,585 Loans Paid in Full 0 0 0 Ending Loan Count 1,125 460 1,585 Beginning Scheduled Balance 394,238,989.87 155,763,718.30 550,002,708.17 Ending Scheduled Balance 392,570,631.55 155,592,254.13 548,162,885.68 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 1,668,358.32 171,464.17 1,839,822.49 Scheduled Interest 1,021,409.69 407,171.66 1,428,581.35 Servicing Fee 123,665.82 48,676.16 172,341.98 Master Servicing Fee 3,285.32 1,298.03 4,583.35 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 894,458.55 357,197.47 1,251,656.02 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