All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
(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
(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
(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
(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 10,652,229.34 Liquidations, Insurance Proceeds, Reserve Funds 42.48 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,365.78 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,656,637.60 Withdrawals Reimbursement for Servicer Advances 1,985.13 Payment of Service Fee 209,761.49 Payment of Interest and Principal 10,444,890.98 ------------- Total Withdrawals (Pool Distribution Amount) 10,656,637.60 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 =============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - --------------------------------- --------- ----------- -------- --------- Class X-1 Basis Risk Reserve Fund 5,000.00 21.24 21.24 5,000.00 Class X-B Basis Risk Reserve Fund 5,000.00 21.24 21.24 5,000.00
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 1,599,321.87 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 1 123,750.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---- ------------ ---- ---- ---- ---------- 4 1,723,071.87 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 0.156331% 0.237668% 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 0.052110% 0.018390% 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% --------- --------- --------- --------- --------- --------- 0.208442% 0.256058% 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 1,599,321.87 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 1 123,750.00 180+ Days 0 0.00 180+ Days 0 0.00 ---------------- --------------------- 0 0.00 4 1,723,071.87 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 0.156331% 0.237668% 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 0.052110% 0.018390% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.208442% 0.256058%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,365.78 Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 25,215,787.00 3.50012228% 25,215,787.00 3.74719644% 96.252804% 0.000000% Class B-1 15,489,787.00 2.15008751% 15,489,787.00 2.30186251% 1.445334% 38.571075% Class B-2 9,725,787.00 1.35000521% 9,725,787.00 1.44530228% 0.856560% 22.858696% Class B-3 5,763,787.00 0.80005273% 5,763,787.00 0.85652858% 0.588774% 15.712379% Class B-4 3,962,787.00 0.55006172% 3,962,787.00 0.58889066% 0.267638% 7.142351% Class B-5 2,882,787.00 0.40015039% 2,882,787.00 0.42839707% 0.160494% 4.283031% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.428397% 11.432469%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % ------------- ---------- ------------- ----------- Bankruptcy 119,754.00 0.01662267% 119,754.00 0.01779606% Fraud 21,612,777.00 3.00000005% 21,612,777.00 3.21177051% Special Hazard 11,600,000.00 1.61015869% 11,600,000.00 1.72382003%
Limit of subordinate's exposure to certain types of losses COLLATERAL STATEMENT
Collateral Description Mixed ARM - ---------------------- --------------- Weighted Average Gross Coupon 3.173351% Weighted Average Net Coupon 2.811148% Weighted Average Pass-Through Rate 2.804148% Weighted Average Maturity (Stepdown Calculation) 318 Beginning Scheduled Collateral Loan Count 1,946 Number of Loans Paid in Full 27 Ending Scheduled Collateral Loan Count 1,919 Beginning Scheduled Collateral Balance 681,775,756.64 Ending Scheduled Collateral Balance 672,924,074.91 Ending Actual Collateral Balance at 30-June-2003 672,923,398.73 Monthly P&I Constant 1,802,928.28 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,701,790.11 Ending Scheduled Balance for Premium Loans 672,924,074.91 Scheduled Principal 0.00 Unscheduled Principal 8,851,681.73
MISCELLANEOUS REPORTING
Pro Rata Senior Percentage 96.301454% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% One Month LIBOR Loan Balance 189,304,278.31 Six Month LIBOR Loan Balance 483,619,796.60