Wells Fargo Bank Minnesota, N.A. SMT Series 2003-1 Certificateholder Distribution Statement (June 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 holders of asset-backed securities in the SMT Series 2003-1 trust. It details the amounts of principal and interest distributed to each class of certificateholders as of June 21, 2003, in accordance with the Pooling and Servicing Agreement. The statement includes beginning and ending balances, distribution amounts, interest rates, and any realized losses. No realized losses or interest shortfalls are reported for this period. The report is informational and does not amend or supplement the underlying agreement.

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EX-10.1 3 f92527gexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2003-1 RECORD DATE: JUNE 30, 2003 DISTRIBUTION DATE: JUNE 21, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution ----- ----- ----------- ---- ------- ------------ ------------ 1A 81743PAA4 SEN 1.48375% 775,613,187.62 959,013.39 12,370,253.11 2A 81743PAB2 SEN 1.74000% 184,819,250.12 267,987.91 4,863,198.71 X-1A 81743PAC0 IO 1.17201% 0.00 174,130.80 0.00 X-1B 81743PAD8 IO 1.34268% 0.00 668,357.12 0.00 X-2 81743PAE6 IO 1.07483% 0.00 165,546.76 0.00 X-B 81743PAF3 IO 0.80876% 0.00 10,725.77 0.00 A-R 81743PAG1 R 2.77918% 0.00 0.00 0.00 B-1 81743PAH9 SUB 1.98375% 15,905,000.00 26,292.95 0.00 B-2 81743PAJ5 SUB 2.79251% 8,210,000.00 19,105.41 0.00 B-3 81743PAK2 SUB 2.79251% 5,644,000.00 13,134.10 0.00 B-4 SEQ0301B4 SUB 2.79251% 2,565,000.00 5,968.99 0.00 B-5 SEQ0301B5 SUB 2.79251% 1,539,000.00 3,581.39 0.00 B-6 SEQ0301B6 SUB 2.79251% 4,105,618.00 9,554.14 0.00 -------------- ------------ ------------- Totals 998,401,055.74 2,323,398.73 17,233,451.82
Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss ----- ------------- ------- ------------ ------------- 1A 0.00 763,242,934.51 13,329,266.50 0.00 2A 0.00 179,956,051.41 5,131,186.62 0.00 X-1A 0.00 0.00 174,130.80 0.00 X-1B 0.00 0.00 668,357.12 0.00 X-2 0.00 0.00 165,546.76 0.00 X-B 0.00 0.00 10,725.77 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 15,905,000.00 26,292.95 0.00 B-2 0.00 8,210,000.00 19,105.41 0.00 B-3 0.00 5,644,000.00 13,134.10 0.00 B-4 0.00 2,565,000.00 5,968.99 0.00 B-5 0.00 1,539,000.00 3,581.39 0.00 B-6 0.00 4,105,618.00 9,554.14 0.00 ---- -------------- ------------- ----- Totals 0.00 981,167,603.92 19,556,850.55 00.00
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction ----- ------ ------- ------------ ------------ --------- -------- --------- 1A 798,206,000.00 775,613,187.62 0.00 12,370,253.11 0.00 0.00 12,370,253.11 2A 190,000,000.00 184,819,250.12 0.00 4,863,198.71 0.00 0.00 4,863,198.71 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 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 ---------------- -------------- ---- ------------- ---- ---- ------------- Totals 1,026,174,718.00 998,401,055.74 0.00 17,233,451.82 0.00 0.00 17,233,451.82
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution ----- ------- ---------- ------------ 1A 763,242,934.51 0.95619794 12,370,253.11 2A 179,956,051.41 0.94713711 4,863,198.71 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 0.00 B-1 15,905,000.00 1.00000000 0.00 B-2 8,210,000.00 1.00000000 0.00 B-3 5,644,000.00 1.00000000 0.00 B-4 2,565,000.00 1.00000000 0.00 B-5 1,539,000.00 1.00000000 0.00 B-6 4,105,618.00 1.00000000 0.00 -------------- ---------- ------------- Totals 981,167,603.92 0.95614089 17,233,451.82
(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 ----- ------ ------- ------------ ------------ --------- -------- --------- 1A 798,206,000.00 971.69551171 0.00000000 15.49756969 0.00000000 0.00000000 15.49756969 2A 190,000,000.00 972.73289537 0.00000000 25.59578268 0.00000000 0.00000000 25.59578268 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 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution ----- ------- ---------- ------------ 1A 956.19794202 0.95619794 15.49756969 2A 947.13711268 0.94713711 25.59578268 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 0.00000000 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall ----- ------ ---- ------- -------- --------- --------- --------- 1A 798,206,000.00 1.48375% 775,613,187.62 959,013.39 0.00 0.00 0.00 2A 190,000,000.00 1.74000% 184,819,250.12 267,987.91 0.00 0.00 0.00 X-1A 0.00 1.17201% 178,286,393.89 174,128.17 0.00 0.00 0.00 X-1B 0.00 1.34268% 597,326,794.72 668,347.04 0.00 0.00 0.00 X-2 0.00 1.07483% 184,819,250.12 165,540.41 0.00 0.00 0.00 X-B 0.00 0.80876% 15,905,000.00 10,719.42 0.00 0.00 0.00 A-R 100.00 2.77918% 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 1.98375% 15,905,000.00 26,292.95 0.00 0.00 0.00 B-2 8,210,000.00 2.79251% 8,210,000.00 19,105.41 0.00 0.00 0.00 B-3 5,644,000.00 2.79251% 5,644,000.00 13,134.10 0.00 0.00 0.00 B-4 2,565,000.00 2.79251% 2,565,000.00 5,968.99 0.00 0.00 0.00 B-5 1,539,000.00 2.79251% 1,539,000.00 3.581.39 0.00 0.00 0.00 B-6 4,105,618.00 2.79251% 4,105,618.00 9,554.14 0.00 0.00 0.00 ---------------- ------------ ---- ---- ---- Totals 1,026,174,718.00 2,323,373.32 0.00 0.00 0.00
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance ----- -------- ------------ --------- ------- 1A 0.00 959,013.39 0.00 763,242,934.51 2A 0.00 267,987.91 0.00 179,956,051.41 X-1A 0.00 174,130.80 0.00 176,085,421.66 X-1B 0.00 668,357.12 0.00 587,157,513.84 X-2 0.00 165,546.76 0.00 179,956,051.41 X-B 0.00 10,725.77 0.00 15,905,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 26,292.95 0.00 15,905,000.00 B-2 0.00 19,105.41 0.00 8,210,000.00 B-3 0.00 13,134.10 0.00 5,644,000.00 B-4 0.00 5,968.99 0.00 2,565,000.00 B-5 0.00 3,581.39 0.00 1,539,000.00 B-6 0.00 9,554.14 0.00 4,105,618.00 ---- ------------ ---- Totals 0.00 2,323,398.73 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 - --------- ------ ---- ---------------- -------- --------- --------- --------- 1A 798,206,000.00 1.48375% 971.69551171 1.20146101 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.74000% 972.73289537 1.41046268 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.17201% 973.29511358 0.95059468 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.34268% 971.21909245 1.08669394 0.00000000 0.00000000 0.00000000 X-2 0.00 1.07483% 972.73289537 0.87126532 0.00000000 0.00000000 0.00000000 X-B 0.00 0.80876% 1000.00000000 0.67396542 0.00000000 0.00000000 0.00000000 A-R 100.00 2.77918% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1.98375% 1000.00000000 1.65312480 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.79251% 1000.00000000 2.32709013 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.79251% 1000.00000000 2.32709072 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.79251% 1000.00000000 2.32709162 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.79251% 1000.00000000 2.32708902 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.79251% 1000.00000000 2.32708937 0.00000000 0.00000000 0.00000000
Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5 Loss (6) Distribution Shortfall Notational Balance - -------- -------- ------------ --------- ------------------ 1A 0.00000000 1.20146101 0.00000000 956.19794202 2A 0.00000000 1.41046268 0.00000000 947.13711268 X-1A 0.00000000 0.95060903 0.00000000 961.27963965 X-1B 0.00000000 1.08671033 0.00000000 954.68442528 X-2 0.00000000 0.87129874 0.00000000 947.13711268 X-B 0.00000000 0.67436467 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.000000000 B-1 0.00000000 1.65312480 0.00000000 1000.00000000 B-2 0.00000000 2.32709013 0.00000000 1000.00000000 B-3 0.00000000 2.32709072 0.00000000 1000.00000000 B-4 0.00000000 2.32709162 0.00000000 1000.00000000 B-5 0.00000000 2.32708902 0.00000000 1000.00000000 B-6 0.00000000 2.32708937 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 19,884,288.41 Liquidations, Insurance Proceeds, Reserve Funds 25.39 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 19,884,313.80 Withdrawals Reimbursement for Servicer Advances 4,796.47 Payment of Service Fee 322,667.18 Payment of Interest and Principal 19,556,850.15 ------------- Total Withdrawals (Pool Distribution Amount) 19,884,313.80 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 314,347.17 Master Servicing Fee 8,320.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 322,667.18 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- Class X-1 Reserve Fund Sub Account 5,000.00 12.70 12.70 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 6.35 6.35 2,500.00 Class X-B Reserve Fund Sub Account 2,500.00 6.35 6.35 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----- ------- ----- ------- ----- ------- 0 0.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL --- ----- No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----- ------- ----- ------- 0 0.00 0 0.00
No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original$ Original% Current$ Current% Current Class% Prepayment% --------- --------- -------- -------- -------------- ----------- Class A 1,026,174,618.00 99.99999026% 981,167,603.92 100.00000000% 96.130262% 0.000000% Class 1A 227,968,618.00 22.21538048% 217,924,669.41 22.21074856% 77.789251% 2,010.194141% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 3.86973824% 18.341010% 473.959972% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 3.86973824% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.24871041% 1.621028% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.41195224% 0.836758% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.83671923% 0.575233% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.57529600% 0.261423% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.41844207% 0.156854% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.418442% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------ ------------------------------ -------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---- ---- --- ---- ---- ---- 0 0.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% -------- -------- -------- -------- -------- --------
REO TOTAL - ------------------------------------ --------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ---- ---- ---- 0 0.00 0 0.00
No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000%
POOL 2
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- --------------------------------- ------------------------------------ No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---- ---- --- ---- --- ---- 0 0.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance ----- ------- ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------- -------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --- ---- ---- ---- 0 0.00 0 0.00
No. of Principal No. of Principal Loans Balance Loans Balance ----- ------- ----- ------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.180334% Weighted Average Net Coupon 2.802513% Weighted Average Pass-Through Rate 2.792513% Weighted Average Maturity (Stepdown Calculation) 322 Beginning Scheduled Collateral Loan Count 2,801 Number of Loans Paid in Full 40 Ending Scheduled Collateral Loan Count 2,761 Beginning Scheduled Collateral Balance 998,401,055.74 Ending Scheduled Collateral Balance 981,167,603.92 Ending Actual Collateral Balance at 30-June-2003 981,164,071.23 Monthly P&I Constant 2,646,040.52 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 19,468,468.74 Ending Scheduled Balance for Premium Loans 981,167,603.92 Scheduled Principal 0.00 Unscheduled Principal 17,233,451.82
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month Collateral Description Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.175689 3.199826 3.180334 Weighted Average Net Rate 2.797196 2.824826 2.802513 Pass-Through Rate 2.787196 2.814826 2.792513 Weighted Average Maturity 320 328 322 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal and Interest Constant 2,133,750.84 512,289.68 2,646,040.52 Beginning Loan Count 2,234 567 2,801 Loans Paid in Full 29 11 40 Ending Loan Count 2,205 556 2,761 Beginning Scheduled Balance 806,281,963.62 192,119,092.12 998,401,055.74 Ending Scheduled Balance 793,911,710.51 187,255,893.41 981,167,603.92 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 12,370,253.11 4,863,198.71 17,233,451.82 Scheduled Interest 2,133,750.84 512,289.68 2,646,040.52 Servicing Fee 254,309.96 60,037.21 314,347.17 Master Servicing Fee 6,719.02 1,600.99 8,320.01 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,872,721.86 450,651.48 2,323,373.34 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 One Month Libor Loan Balance 183,160,920.08 Six Month Libor Loan Balance 610,750,790.43 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 187,255,893.41 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%