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EX-10.1 3 f91335aexv10w1.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: MAY 30, 2003 DISTRIBUTION DATE: JUNE 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ----------------------------------------------------------------------------------- Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ----------------------------------------------------------------------------------- 1A 81743PAA4 SEN 1.69813% 784,525,106.02 1,110,188.01 2A 81743PAB2 SEN 1.74000% 187,118,196.74 271,321.38 X-1A 81743PAC0 IO 0.83751% 0.00 125,219.17 X-1B 81743PAD8 IO 1.19178% 0.00 600,965.01 X-2 81743PAE6 IO 1.13421% 0.00 176,859.39 X-B 81743PAF3 IO 0.62332% 0.00 8,261.59 A-R 81743PAG1 R 2.81578% 0.00 0.00 B-1 81743PAH9 SUB 2.19813% 15,905,000.00 29,134.38 B-2 81743PAJ5 SUB 2.82145% 8,210,000.00 19,303.42 B-3 81743PAK2 SUB 2.82145% 5,644,000.00 13,270.22 B-4 SEQ0301B4 SUB 2.82145% 2,565,000.00 6,030.85 B-5 SEQ0301B5 SUB 2.82145% 1,539,000.00 3,618.51 B-6 SEQ0301B6 SUB 2.82145% 4,105,618.00 9,653.16 - ----------------------------------------------------------------------------------- Totals 1,009,611,920.76 2,373,825.09 - ----------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------- Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - -------------------------------------------------------------------------------------- 1A 8,911,918.40 0.00 775,613,187.62 10,022,106.41 0.00 2A 2,298,946.62 0.00 184,819,250.12 2,570,268.00 0.00 X-1A 0.00 0.00 0.00 125,219.17 0.00 X-1B 0.00 0.00 0.00 600,965.01 0.00 X-2 0.00 0.00 0.00 176,859.39 0.00 X-B 0.00 0.00 0.00 8,261.59 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 15,905,000.00 29,134.38 0.00 B-2 0.00 0.00 8,210,000.00 19,303.42 0.00 B-3 0.00 0.00 5,644,000.00 13,270.22 0.00 B-4 0.00 0.00 2,565,000.00 6,030.85 0.00 B-5 0.00 0.00 1,539,000.00 3,618.51 0.00 B-6 0.00 0.00 4,105,618.00 9,653.16 0.00 - -------------------------------------------------------------------------------------- Totals 11,210,865.02 0.00 998,401,055.74 13,584,690.11 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 Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - -------------------------------------------------------------------------------------------- 1A 798,206,000.00 784,525,106.02 0.00 8,911,918.40 0.00 0.00 2A 190,000,000.00 187,118,196.74 0.00 2,298,946.62 0.00 0.00 X-1A 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 X-2 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 A-R 100.00 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 B-2 8,210,000.00 8,210,000.00 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 B-4 2,565,000.00 2,565,000.00 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 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------ Totals 1,026,174,718.00 1,009,611,920.76 0.00 11,210,865.02 0.00 0.00 - ------------------------------------------------------------------------------------------ - --------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------- 1A 8,911,918.40 775,613,187.62 0.97169551 8,911,918.40 2A 2,298,946.62 184,819,250.12 0.97273290 2,298,946.62 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 15,905,000.00 1.00000000 0.00 B-2 0.00 8,210,000.00 1.00000000 0.00 B-3 0.00 5,644,000.00 1.00000000 0.00 B-4 0.00 2,565,000.00 1.00000000 0.00 B-5 0.00 1,539,000.00 1.00000000 0.00 B-6 0.00 4,105,618.00 1.00000000 0.00 - -------------------------------------------------------------------------------- Totals 11,210,865.02 998,401,055.74 0.97293476 11,210,865.02 - --------------------------------------------------------------------------------
(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 Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----------------------------------------------------------------------------------------- 1A 798,206,000.00 982.86044708 0.00000000 11.16493537 0.00000000 0.00000000 2A 190,000,000.00 984.83261442 0.00000000 12.09971905 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 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 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------- 1A 11.16493537 971.69551171 0.97169551 11.16493537 2A 12.09971905 972.73289537 0.97273290 12.09971905 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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
- --------------------------------------------------------------------------------------------------------------------- Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - --------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.69813% 784,525,106.02 1,110,188.02 0.00 0.00 0.00 0.00 2A 190,000,000.00 1.74000% 187,118,196.74 271,321.39 0.00 0.00 0.00 0.00 X-1A 0.00 0.83751% 179,416,941.90 126,219.17 0.00 0.00 0.00 0.00 X-1B 0.00 1.19178% 605,108,165.11 600,965.01 0.00 0.00 0.00 0.00 X-2 0.00 1.13421% 187,118,196.74 176,859.39 0.00 0.00 0.00 0.00 X-B 0.00 0.62332% 15,905,000.00 8,261.59 0.00 0.00 0.00 0.00 A-R 100.00 2.81578% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 2.19813% 15,905,000.00 29,134.38 0.00 0.00 0.00 0.00 B-2 8,210,000.00 2.82145% 8,210,000.00 19,303.42 0.00 0.00 0.00 0.00 B-3 5,644,000.00 2.82145% 5,644,000.00 13,270.22 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2.82145% 2,565,000.00 6,030.85 0.00 0.00 0.00 0.00 B-5 1,539,000.00 2.82145% 1,539,000.00 3,618.51 0.00 0.00 0.00 0.00 B-6 4,105,618.00 2.82145% 4,105,618.00 9,653.16 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------- Totals 1,026,174,718.00 2,373,825.11 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - --------------------------------------------------------- 1A 1,110,188.01 0.00 775,613,187.62 2A 271,321.38 0.00 184,819,250.12 X-1A 125,219.17 0.00 178,286,393.89 X-1B 600,965.01 0.00 597,326,794.72 X-2 176,859.39 0.00 184,819,250.12 X-B 8,261.59 0.00 15,905,000.00 A-R 0.00 0.00 0.00 B-1 29,134.38 0.00 15,905,000.00 B-2 19,303.42 0.00 8,210,000.00 B-3 13,270.22 0.00 5,644,000.00 B-4 6,030.85 0.00 2,565,000.00 B-5 3,618.51 0.00 1,539,000.00 B-6 9,653.16 0.00 4,105,618.00 - --------------------------------------------------------- Totals 2,373,825.09 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 Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - --------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.69813% 982.86044708 1.39085402 0.00000000 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.74000% 984.83261442 1.42800732 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.83751% 979.46696343 0.68359230 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.19178% 983.87115420 0.97713462 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.13421% 984.83261442 0.93083889 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.62332% 1000.00000000 0.51943351 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.81578% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 2.19813% 1000.00000000 1.83177491 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.82145% 1000.00000000 2.35120828 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.82145% 1000.00000000 2.35120836 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.82145% 1000.00000000 2.35120858 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.82145% 1000.00000000 2.35120858 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.82145% 1000.00000000 2.35120754 0.00000000 0.00000000 0.00000000 0.00000000 - --------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------- Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - -------------------------------------------------------- 1A 1.39085400 0.00000000 971.69551171 2A 1.42800726 0.00000000 972.73289537 X-1A 0.68359230 0.00000000 973.29511358 X-1B 0.97713462 0.00000000 971.21909245 X-2 0.93083889 0.00000000 972.73289537 X-B 0.51943351 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.000000000 B-1 1.83177491 0.00000000 1000.00000000 B-2 2.35120828 0.00000000 1000.00000000 B-3 2.35120836 0.00000000 1000.00000000 B-4 2.35120858 0.00000000 1000.00000000 B-5 2.35120858 0.00000000 1000.00000000 B-6 2.35120754 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 13,906,157.71 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,796.47 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,910,954.18 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 326,264.04 Payment of Interest and Principal 13,584,690.14 ------------- Total Withdrawals (Pool Distribution Amount) 13,910,954.18 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 317,850.63 Master Servicing Fee 8,413.41 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 326,264.04 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund Sub Account 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 1,839,496.67 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 1,839,496.67 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 0.107105% 0.184245% 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% -------- ------------ -------- -------- -------- -------- 0.107105% 0.184245% 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 1,839,496.67 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 1,839,496.67 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 0.107105% 0.184245% 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% 0.107105% 0.184245% - ---------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,796.47
Original $ Original% Current $ Current % Current Class % Prepayment % ---------------- ------------ -------------- ------------- --------------- ------------- Class A 1,026,174,618.00 99.99999026% 998,401,055.74 100.00000000% 96.197058% 0.000000% Class 1A 227,968,618.00 22.21538048% 222,787,868.12 22.31446640% 77.685534% 2,042.774345% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 3.80294249% 18.511524% 486.768442% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 3.80294249% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063.618.00 2.20989530% 1.593047% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.38758046% 0.822315% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.82227657% 0.565304% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.56536579% 0.256911% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.41121932% 0.154146% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.411219% 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 3 1,839,496.67 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 1,839,496.67 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 0.134288% 0.228146% 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% ----------------------- ---------------------- ---------------------- 0.134288% 0.228146% 0.000000% 0.000000% 0.000000% 0.000000% ----------------------- ---------------------- ----------------------
POOL 1 - -------------------------------------------------------------------------------- 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 1,839,496.67 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 1,839,496.67 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 0.134288% 0.228146% 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% 0.134288% 0.228146% ---------------------- -----------------------
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% ----------------------- ---------------------- ----------------------
POOL 2 - -------------------------------------------------------------------------------- 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 3.209260% Weighted Average Net Coupon 2.831470% Weighted Average Pass-Through Rate 2.821470% Weighted Average Maturity (Stepdown Calculation) 323 Beginning Scheduled Collateral Loan Count 2,838 Number of Loans Paid in Full 37 Ending Scheduled Collateral Loan Count 2,801 Beginning Scheduled Collateral Balance 1,009,611,920.76 Ending Scheduled Collateral Balance 998,401,055.74 Ending Actual Collateral Balance at 30-May-2003 998,398,519.85 Monthly P&I Constant 2,700,089.18 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,495,418.00 Ending Scheduled Balance for Premium Loans 998,401,055.74 Scheduled Principal 0.00 Unscheduled Principal 11,210,865.02
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 3.197347 3.259210 3.209260 Weighted Average Net Rate 2.818892 2.884210 2.831470 Pass-Through Rate 2.808892 2.874210 2.821470 Weighted Average Maturity 321 329 323 Record Date 05/30/2003 05/30/2003 05/30/2003 Principal and Interest Constant 2,172,048.22 528,040.96 2,700,089.18 Beginning Loan Count 2,263 575 2,838 Loans Paid in Full 29 8 37 Ending Loan Count 2,234 567 2,801 Beginning Scheduled Balance 815,193,882.02 194,418,038.74 1,009,611,920.76 Ending Scheduled Balance 806,281,963.62 192,119,092.12 998,401,055.74 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 8,911,918.40 2,298,946.62 11,210,865.02 Scheduled Interest 2,172,048.22 528,040.96 2,700,089.18 Servicing Fee 257,095.00 60,755.63 317,850.63 Master Servicing Fee 6,793.28 1,620.13 8,413.41 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 1,908,159.94 465,665.20 2,373,825.14 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 185,336,074.56 Six Month Libor Loan Balance 620,945,889.06 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 192,119,092.12 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%