Certificateholder Distribution Statement for SMT Series 2003-6 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-6 trust. It details the interest and principal payments made to certificateholders as of April 30, 2004, with distributions occurring on May 20, 2004. The statement lists the classes of certificates, their balances, interest rates, and amounts distributed, as well as any realized losses (none reported). All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 2 f99536eexv10w1.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 2003-6 RECORD DATE: APRIL 30, 2004 DISTRIBUTION DATE: MAY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - ------------------------------------------------------------------------------------------------------------------------------- A-1 81743PCX2 SEN 1.41000% 426,688,236.65 501,358.67 8,595,170.22 0.00 X-1 81743PCZ7 IO 0.80000% 0.00 340,038.16 0.00 0.00 A-2 81743PCY0 SEN 1.61000% 168,482,157.07 226,046.89 1,245,179.45 0.00 X-2 81743PDA1 IO 0.50582% 0.00 250,873.53 0.00 0.00 B-1 81743PDD5 SUB 1.68000% 11,287,000.00 15,801.80 0.00 0.00 X-B 81743PDB9 IO 0.97802% 0.00 9,199.04 0.00 0.00 B-2 81743PDE3 SUB 2.65802% 5,643,000.00 12,499.31 0.00 0.00 B-3 81743PDF0 SUB 2.65802% 3,320,000.00 7,353.84 0.00 0.00 B-4 81743PDG8 SUB 2.65802% 1,660,000.00 3,676.92 0.00 0.00 B-5 81743PDH6 SUB 2.65802% 996,000.00 2,206.15 0.00 0.00 B-6 81743PDJ2 SUB 2.65802% 2,323,950.00 5,147.58 0.00 0.00 A-R 81743PDC7 RES 2.65853% 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 620,400,343.72 1,374,201.89 9,840,349.67 0.00 - --------------------------------------------------------------------------------------------------------------------------- Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ---------------------------------------------------------------- A-1 418,093,066.43 9,096,528.89 0.00 X-1 0.00 340,038.16 0.00 A-2 167,236,977.62 1,471,226.34 0.00 X-2 0.00 250,873.53 0.00 B-1 11,287,000.00 15,801.80 0.00 X-B 0.00 9,199.04 0.00 B-2 5,643,000.00 12,499.31 0.00 B-3 3,320,000.00 7,353.84 0.00 B-4 1,660,000.00 3,676.92 0.00 B-5 996,000.00 2,206.15 0.00 B-6 2,323,950.00 5,147.58 0.00 A-R 0.00 0.00 0.00 - ----------------------------------------------------------- Totals 610,559,994.05 11,214,551.56 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 Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - ----------------------------------------------------------------------------------------------------------------------------- A-1 458,238,000.00 426,688,236.65 1,098.44 8,594,071.78 0.00 0.00 8,595,170.22 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 180,474,000.00 168,482,157.07 288.65 1,244,890.80 0.00 0.00 1,245,179.45 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 11,287,000.00 11,287,000.00 0.00 0.00 0.00 0.00 0.00 B-2 5,643,000.00 5,643,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,320,000.00 3,320,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,660,000.00 1,660,000.00 0.00 0.00 0.00 0.00 0.00 B-5 996,000.00 996,000.00 0.00 0.00 0.00 0.00 0.00 B-6 2,323,950.00 2,323,950.00 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 - ---------------------------------------------------------------------------------------------------------------------------- Totals 663,942,050.00 620,400,343.72 1,387.09 9,838,962.58 0.00 0.00 9,840,349.67 - ---------------------------------------------------------------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - --------------------------------------------------------------------- A-1 418,093,066.43 0.91239283 8,595,170.22 X-1 0.00 0.00000000 0.00 A-2 167,236,977.62 0.92665413 1,245,179.45 X-2 0.00 0.00000000 0.00 B-1 11,287,000.00 1.00000000 0.00 B-2 5,643,000.00 1.00000000 0.00 B-3 3,320,000.00 1.00000000 0.00 B-4 1,660,000.00 1.00000000 0.00 B-5 996,000.00 1.00000000 0.00 B-6 2,323,950.00 1.00000000 0.00 A-R 0.00 0.00000000 0.00 - ------------------------------------------------------------------- Totals 610,559,994.05 0.91959832 9,840,349.67 - -------------------------------------------------------------------
(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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - -------------------------------------------------------------------------------------------------------------------------- A-1 458,238,000.00 931.14983186 0.00239709 18.75460302 0.00000000 0.00000000 18.75700012 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 180,474,000.00 933.55362584 0.00159940 6.89789554 0.00000000 0.00000000 6.89949494 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,287,000.00 1000.00000000 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 B-2 5,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 996,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,323,950.00 1000.00000000 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 - ------------------------------------------------------------------------------------------------------------------------ Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----------------------------------------------------------------- A-1 912.39283174 0.91239283 18.75700012 X-1 0.00000000 0.00000000 0.00000000 A-2 926.65413090 0.92665413 6.89949494 X-2 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 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 A-R 0.00000000 0.00000000 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) - ----------------------------------------------------------------------------------------------------------------------------------- A-1 458,238,000.00 1.41000% 426,688,236.65 501,358.68 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 510,057,243.67 340,038.16 0.00 0.00 0.00 0.00 A-2 180,474,000.00 1.61000% 168,482,157.07 226,046.89 0.00 0.00 0.00 0.00 X-2 0.00 0.50582% 595,170,393.72 250,873.53 0.00 0.00 0.00 0.00 B-1 11,287,000.00 1.68000% 11,287,000.00 15,801.80 0.00 0.00 0.00 0.00 X-B 0.00 0.97802% 11,287,000.00 9,199.04 0.00 0.00 0.00 0.00 B-2 5,643,000.00 2.65802% 5,643,000.00 12,499.31 0.00 0.00 0.00 0.00 B-3 3,320,000.00 2.65802% 3,320,000.00 7,353.84 0.00 0.00 0.00 0.00 B-4 1,660,000.00 2.65802% 1,660,000.00 3,676.92 0.00 0.00 0.00 0.00 B-5 996,000.00 2.65802% 996,000.00 2,206.15 0.00 0.00 0.00 0.00 B-6 2,323,950.00 2.65802% 2,323,950.00 5,147.58 0.00 0.00 0.00 0.00 A-R 100.00 2.65853% 0.00 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- Totals 663,942,050.00 1,374,201.90 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - -------------------------------------------------------- A-1 501,358.67 0.00 418,093,066.43 X-1 340,038.16 0.00 491,182,019.32 A-2 226,046.89 0.00 167,236,977.62 X-2 250,873.53 0.00 585,330,044.05 B-1 15,801.80 0.00 11,287,000.00 X-B 9,199.04 0.00 11,287,000.00 B-2 12,499.31 0.00 5,643,000.00 B-3 7,353.84 0.00 3,320,000.00 B-4 3,676.92 0.00 1,660,000.00 B-5 2,206.15 0.00 996,000.00 B-6 5,147.58 0.00 2,323,950.00 A-R 0.00 0.00 0.00 - -------------------------------------------------------- Totals 1,374,201.89 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------ A-1 458,238,000.00 1.41000% 931.14983186 1.09410106 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 798.57156852 0.53238104 0.00000000 0.00000000 0.00000000 A-2 180,474,000.00 1.61000% 933.55362584 1.25251776 0.00000000 0.00000000 0.00000000 X-2 0.00 0.50582% 931.82904614 0.39278036 0.00000000 0.00000000 0.00000000 B-1 11,287,000.00 1.68000% 1000.00000000 1.40000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.97802% 1000.00000000 0.81501196 0.00000000 0.00000000 0.00000000 B-2 5,643,000.00 2.65802% 1000.00000000 2.21501152 0.00000000 0.00000000 0.00000000 B-3 3,320,000.00 2.65802% 1000.00000000 2.21501205 0.00000000 0.00000000 0.00000000 B-4 1,660,000.00 2.65802% 1000.00000000 2.21501205 0.00000000 0.00000000 0.00000000 B-5 996,000.00 2.65802% 1000.00000000 2.21501004 0.00000000 0.00000000 0.00000000 B-6 2,323,950.00 2.65802% 1000.00000000 2.21501323 0.00000000 0.00000000 0.00000000 A-R 100.00 2.65853% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------ Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - ----------------------------------------------------------------------------- A-1 0.00000000 1.09410103 0.00000000 912.39283174 X-1 0.00000000 0.53238104 0.00000000 769.01955705 A-2 0.00000000 1.25251776 0.00000000 926.65413090 X-2 0.00000000 0.39278036 0.00000000 916.42249410 B-1 0.00000000 1.40000000 0.00000000 1000.00000000 X-B 0.00000000 0.81501196 0.00000000 1000.00000000 B-2 0.00000000 2.21501152 0.00000000 1000.00000000 B-3 0.00000000 2.21501205 0.00000000 1000.00000000 B-4 0.00000000 2.21501205 0.00000000 1000.00000000 B-5 0.00000000 2.21501004 0.00000000 1000.00000000 B-6 0.00000000 2.21501323 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 - ---------------------------------------------------------------------------
(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 11,400,432.70 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,697.76 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,413,130.46 Withdrawals Reimbursement for Servicer Advances 11,211.89 Payment of Service Fee 187,357.01 Payment of Interest and Principal 11,214,551.56 ------------- Total Withdrawals (Pool Distribution Amount) 11,413,130.46 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 182,187.00 Master Servicing Fee 5,170.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 187,357.01 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------------------- Class A-1 Companion Sub Account 4,000.00 0.00 0.00 4,000.00 Class A-1 NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class A-2 Companion Sub Account 500.00 0.00 0.00 500.00 Class A-2 NAS Sub Account 2,000.00 0.00 0.00 2,000.00 Class B-1 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 15 5,807,223.96 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 --------------------- ------------------- ------------------- 15 5,807,223.96 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 0.837521% 0.951129% 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% ----------------------- -------------------- -------------------- 0.837521% 0.951129% 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 15 5,807,223.96 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 15 5,807,223.96 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 0.837521% 0.951129% 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% 0.837521% 0.951129%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 12,697.76
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 25,229,950.00 3.80002806% 25,229,950.00 4.13226386% 95.867736% 0.000000% Class X-1 25,229,950.00 3.80002806% 25,229,950.00 4.13226386% 0.000000% 0.000000% Class X-2 25,229,950.00 3.80002806% 25,229,950.00 4.13226386% 0.000000% 0.000000% Class B-1 13,942,950.00 2.10002799% 13,942,950.00 2.28363308% 1.848631% 44.736514% Class B-2 8,299,950.00 1.25010327% 8,299,950.00 1.35939958% 0.924233% 22.366275% Class B-3 4,979,950.00 0.75005895% 4,979,950.00 0.81563647% 0.543763% 13.158964% Class B-4 3,319,950.00 0.50003679% 3,319,950.00 0.54375492% 0.271882% 6.579482% Class B-5 2,323,950.00 0.35002349% 2,323,950.00 0.38062599% 0.163129% 3.947689% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.380626% 9.211077%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------------------- POOL 1 - 1 MONTH 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 1,200,000.00 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 1,200,000.00 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 0.578035% 1.775573% 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% ------------------------ -------------------- -------------------- 0.578035% 1.775573% 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 1,200,000.00 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 1,200,000.00 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 0.578035% 1.775573% 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% 0.578035% 1.775573%
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------------- POOL 1 - 6 MONTH 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 10 3,481,137.40 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 ----------------------- -------------------- --------------------- 10 3,481,137.40 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 0.904159% 0.944394% 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% ----------------------- -------------------- --------------------- 0.904159% 0.944394% 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 10 3,481,137.40 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 10 3,481,137.40 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 0.904159% 0.944394% 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% 0.904159% 0.944394%
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------------------- POOL 2 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 4 1,126,086.56 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 ----------------------- ----------------------- -------------------- 4 1,126,086.56 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 0.781250% 0.645814% 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% ----------------------- ----------------------- -------------------- 0.781250% 0.645814% 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 4 1,126,086.56 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 4 1,126,086.56 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 0.781250% 0.645814% 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% 0.781250% 0.645814%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.020422% Weighted Average Net Coupon 2.668029% Weighted Average Pass-Through Rate 2.658029% Weighted Average Maturity (Stepdown Calculation) 322 Beginning Scheduled Collateral Loan Count 1,814 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 1,791 Beginning Scheduled Collateral Balance 620,400,343.91 Ending Scheduled Collateral Balance 610,559,994.24 Ending Actual Collateral Balance at 30-Apr-2004 610,561,387.51 Monthly P&I Constant 1,562,946.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,158,666.93 Ending Scheduled Balance for Premium Loans 610,559,994.24 Scheduled Principal 1,387.09 Unscheduled Principal 9,838,962.58
GROUP POOL 1 - 1 MONTH POOL 1 - 6 MONTH POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.852756 3.040178 3.043464 3.020422 Weighted Average Net Rate 2.512251 2.686621 2.688930 2.668029 Pass-Through Rate 2.502251 2.676621 2.678930 2.658029 Weighted Average Maturity 307 323 328 322 Record Date 04/30/2004 04/30/2004 04/30/2004 04/30/2004 Principal and Interest Constant 162,972.21 954,296.97 445,676.82 1,562,946.00 Beginning Loan Count 175 1,124 515 1,814 Loans Paid in Full 2 18 3 23 Ending Loan Count 173 1,106 512 1,791 Beginning Scheduled Balance 68,474,732.69 376,314,568.82 175,611,042.40 620,400,343.91 Ending Scheduled Balance 67,583,666.79 368,610,464.50 174,365,862.95 610,559,994.24 Scheduled Principal 187.47 910.97 288.65 1,387.09 Unscheduled Principal 890,878.43 7,703,193.35 1,244,890.80 9,838,962.58 Scheduled Interest 162,784.74 953,386.00 445,388.17 1,561,558.91 Servicing Fee 19,429.97 110,873.67 51,883.36 182,187.00 Master Servicing Fee 570.63 3,135.96 1,463.42 5,170.01 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 142,784.14 839,376.37 392,041.39 1,374,201.90 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 - 1 Month 1 Month LIBOR Loan Balance 67,583,666.79 6 Month LIBOR Loan Balance 368,610,464.50 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 95.930418% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000% Group 1 - 6 Month 6 Month LIBOR Loan Balance 174,365,862.95 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 95.940526% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000%