SMT Series 2003-1 Certificateholder Distribution Summary by Wells Fargo Bank Minnesota, N.A.
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Summary
This document is a distribution summary for certificateholders of the SMT Series 2003-1, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of March 31, 2004, with distributions occurring on April 20, 2004. The summary includes beginning and ending balances, distribution amounts, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.
EX-10.1 2 f98764cexv10w1.htm EXHIBIT 10.1 exv10w1
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) ###-###-#### | |||
| Fax: | (301) ###-###-#### | |||
SMT SERIES 2003-1
Record Date: March 31, 2004
Distribution Date: April 20, 2004
Certificateholder Distribution Summary
| Certificate | ||||||||||||||||||||||||||||||||||||
| Certificate | Pass- | Beginning | Current | Ending | Cumulative | |||||||||||||||||||||||||||||||
| Class | Through | Certificate | Interest | Principal | Realized | Certificate | Total | Realized | ||||||||||||||||||||||||||||
| Class | CUSIP | Description | Rate | Balance | Distribution | Distribution | Loss | Balance | Distribution | Loss | ||||||||||||||||||||||||||
1A | 81743PAA4 | SEN | 1.47000 | % | 688,855,813.54 | 843,848.37 | 10,067,901.61 | 0.00 | 678,787,911.93 | 10,911,749.98 | 0.00 | |||||||||||||||||||||||||
2A | 81743PAB2 | SEN | 1.57000 | % | 164,596,584.75 | 215,347.20 | 3,986,554.52 | 0.00 | 160,610,030.23 | 4,201,901.72 | 0.00 | |||||||||||||||||||||||||
X-1A | 81743PAC0 | IO | 0.92975 | % | 0.00 | 122,570.14 | 0.00 | 0.00 | 0.00 | 122,570.14 | 0.00 | |||||||||||||||||||||||||
X-1B | 81743PAD8 | IO | 1.19161 | % | 0.00 | 526,946.70 | 0.00 | 0.00 | 0.00 | 526,946.70 | 0.00 | |||||||||||||||||||||||||
X-2 | 81743PAE6 | IO | 1.10198 | % | 0.00 | 151,151.06 | 0.00 | 0.00 | 0.00 | 151,151.06 | 0.00 | |||||||||||||||||||||||||
X-B | 81743PAF3 | IO | 0.64503 | % | 0.00 | 8,549.28 | 0.00 | 0.00 | 0.00 | 8,549.28 | 0.00 | |||||||||||||||||||||||||
A-R | 81743PAG1 | R | 2.74362 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-1 | 81743PAH9 | SUB | 1.97000 | % | 15,905,000.00 | 26,110.71 | 0.00 | 0.00 | 15,905,000.00 | 26,110.71 | 0.00 | |||||||||||||||||||||||||
B-2 | 81743PAJ5 | SUB | 2.61503 | % | 8,210,000.00 | 17,891.14 | 0.00 | 0.00 | 8,210,000.00 | 17,891.14 | 0.00 | |||||||||||||||||||||||||
B-3 | 81743PAK2 | SUB | 2.61503 | % | 5,644,000.00 | 12,299.34 | 0.00 | 0.00 | 5,644,000.00 | 12,299.34 | 0.00 | |||||||||||||||||||||||||
B-4 | SEQ0301B4 | SUB | 2.61503 | % | 2,565,000.00 | 5,589.62 | 0.00 | 0.00 | 2,565,000.00 | 5,589.62 | 0.00 | |||||||||||||||||||||||||
B-5 | SEQ0301B5 | SUB | 2.61503 | % | 1,539,000.00 | 3,353.77 | 0.00 | 0.00 | 1,539,000.00 | 3,353.77 | 0.00 | |||||||||||||||||||||||||
B-6 | SEQ0301B6 | SUB | 2.61503 | % | 4,105,618.00 | 8,946.91 | 0.00 | 0.00 | 4,105,618.00 | 8,946.91 | 0.00 | |||||||||||||||||||||||||
Totals | 891,421,016.92 | 1,942,604.24 | 14,054,456.13 | 0.00 | 877,366,560.16 | 15,997,060.37 | 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 | Realized | Total | Ending | Ending | Total | ||||||||||||||||||||||||||||||||
| Face | Certificate | Principal | Principal | Loss | Principal | Certificate | Certificate | Principal | ||||||||||||||||||||||||||||||||
| Class | Amount | Balance | Distribution | Distribution | Accretion | (1) | Reduction | Balance | Percentage | Distribution | ||||||||||||||||||||||||||||||
1A | 798,206,000.00 | 688,855,813.54 | 291.95 | 10,067,609.66 | 0.00 | 0.00 | 10,067,901.61 | 678,787,911.93 | 0.95039189 | 10,067,901.61 | ||||||||||||||||||||||||||||||
2A | 190,000,000.00 | 164,596,584.75 | 28.80 | 3,986,525.72 | 0.00 | 0.00 | 3,986,554.52 | 160,610,030.23 | 0.84531595 | 3,986,554.52 | ||||||||||||||||||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
X-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
A-R | 100.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
B-1 | 15,905,000.00 | 15,905,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 15,905,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
B-2 | 8,210,000.00 | 8,210,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8,210,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
B-3 | 5,644,000.00 | 5,644,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,644,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
B-4 | 2,565,000.00 | 2,565,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2,565,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
B-5 | 1,539,000.00 | 1,539,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,539,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
B-6 | 4,105,618.00 | 4,105,618.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,105,618.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
Totals | 1,026,174,718.00 | 891,421,016.29 | 320.75 | 14,054,135.38 | 0.00 | 0.00 | 14,054,456.13 | 877,366,560.16 | 0 ###-###-#### | 14,054,456.13 | ||||||||||||||||||||||||||||||
| (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 | Realized | Total | Ending | Ending | Total | ||||||||||||||||||||||||||||||||
| Face | Certificate | Principal | Principal | Loss | Principal | Certificate | Certificate | Principal | ||||||||||||||||||||||||||||||||
| Class | Amount | Balance | Distribution | Distribution | Accretion | (3) | Reduction | Balance | Percentage | Distribution | ||||||||||||||||||||||||||||||
1A | 798,206,000.00 | 863.00505576 | 0.00036576 | 12.61279627 | 0.00000000 | 0.00000000 | 12.61316203 | 850.39189373 | 0.85039189 | 12.61316203 | ||||||||||||||||||||||||||||||
2A | 190,000,000.00 | 866.29781447 | 0.00015158 | 20.98171432 | 0.00000000 | 0.00000000 | 20.98186589 | 845.31594858 | 0.84531595 | 20.98186589 | ||||||||||||||||||||||||||||||
X-1A | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 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 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
X-2 | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 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 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
A-R | 100.00 | 0.00000000 | 0.00000000 | 0.00000000 | 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 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
B-2 | 8,210,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
B-3 | 5,644,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
B-4 | 2,565,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
B-5 | 1,539,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
B-6 | 4,105,618.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 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 | Non- | Remaining | Ending | ||||||||||||||||||||||||||||||||||||||||
| Original | Current | Certificate/ | Current | Unpaid | Current | Supported | Realized | Total | Unpaid | Certificate/ | ||||||||||||||||||||||||||||||||||
| Face | Certificate | Notional | Accrued | Interest | Interest | Interest | Loss | Interest | Interest | Notational | ||||||||||||||||||||||||||||||||||
| Class | Amount | Rate | Balance | Interest | Shortfall | Shortfall | Shortfall | (4) | Distribution | Shortfall | Balance | |||||||||||||||||||||||||||||||||
1A | 798,206,000.00 | 1.47000 | % | 688,855,813.54 | 843,848.37 | 0.00 | 0.00 | 0.00 | 0.00 | 843,848.37 | 0.00 | 678,787,911.93 | ||||||||||||||||||||||||||||||||
2A | 190,000,000.00 | 1.57000 | % | 164,596,584.75 | 215,347.20 | 0.00 | 0.00 | 0.00 | 0.00 | 215,347.20 | 0.00 | 160,610,030.23 | ||||||||||||||||||||||||||||||||
X-1A | 0.00 | 0.92975 | % | 158,197,203.14 | 122,570.14 | 0.00 | 0.00 | 0.00 | 0.00 | 122,570.14 | 0.00 | 156,420,738.96 | ||||||||||||||||||||||||||||||||
X-1B | 0.00 | 1.19161 | % | 530,658,611.39 | 526,946.70 | 0.00 | 0.00 | 0.00 | 0.00 | 526,946.70 | 0.00 | 522,367,173.96 | ||||||||||||||||||||||||||||||||
X-2 | 0.00 | 1.10198 | % | 164,596,584.75 | 151,151.06 | 0.00 | 0.00 | 0.00 | 0.00 | 151,151.06 | 0.00 | 160,610,030.23 | ||||||||||||||||||||||||||||||||
X-B | 0.00 | 0.64503 | % | 15,905,000.00 | 8,549.28 | 0.00 | 0.00 | 0.00 | 0.00 | 8,549.28 | 0.00 | 15,905,000.00 | ||||||||||||||||||||||||||||||||
A-R | 100.00 | 2.74362 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||
B-1 | 15,905,000.00 | 1.97000 | % | 15,905,000.00 | 26,110.71 | 0.00 | 0.00 | 0.00 | 0.00 | 26,110.71 | 0.00 | 15,905,000.00 | ||||||||||||||||||||||||||||||||
B-2 | 8,210,000.00 | 2.61503 | % | 8,210,000.00 | 17,891.14 | 0.00 | 0.00 | 0.00 | 0.00 | 17,891.14 | 0.00 | 8,210,000.00 | ||||||||||||||||||||||||||||||||
B-3 | 5,644,000.00 | 2.61503 | % | 5,644,000.00 | 12,299.34 | 0.00 | 0.00 | 0.00 | 0.00 | 12,299.34 | 0.00 | 5,644,000.00 | ||||||||||||||||||||||||||||||||
B-4 | 2,565,000.00 | 2.61503 | % | 2,565,000.00 | 5,589.62 | 0.00 | 0.00 | 0.00 | 0.00 | 5,589.62 | 0.00 | 2,565,000.00 | ||||||||||||||||||||||||||||||||
B-5 | 1,539,000.00 | 2.61503 | % | 1,539,000.00 | 3,353.77 | 0.00 | 0.00 | 0.00 | 0.00 | 3,353.77 | 0.00 | 1,539,000.00 | ||||||||||||||||||||||||||||||||
B-6 | 4,105,618.00 | 2.61503 | % | 4,105,618.00 | 8,946.91 | 0.00 | 0.00 | 0.00 | 0.00 | 8,946.91 | 0.00 | 4,105,618.00 | ||||||||||||||||||||||||||||||||
Totals | 1,026,174,718.00 | 1,942,604.24 | 0.00 | 0.00 | 0.00 | 0.00 | 1,942,604.24 | 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 | ||||||||||||||||||||||||||||||||||||||||||||
| Beginning | of | Non- | Remaining | Ending | ||||||||||||||||||||||||||||||||||||||||
| Original | Current | Certificate/ | Current | Unpaid | Current | Supported | Realized | Total | Unpaid | Certificate/ | ||||||||||||||||||||||||||||||||||
| Class | Face | Certificate | Notional | Accrued | Interest | Interest | Interest | Loss | Interest | Interest | Notational | |||||||||||||||||||||||||||||||||
| (5) | Amount | Rate | Balance | Interest | Shortfall | Shortfall | Shortfall | (6) | Distribution | Shortfall | Balance | |||||||||||||||||||||||||||||||||
1A | 798,206,000.00 | 1.47000 | % | 863.00505576 | 1.05718119 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1.05718119 | 0.00000000 | 850.39189373 | ||||||||||||||||||||||||||||||||
2A | 190,000,000.00 | 1.57000 | % | 866.29781447 | 1.13340632 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1.13340632 | 0.00000000 | 845.31594858 | ||||||||||||||||||||||||||||||||
X-1A | 0.00 | 0.92975 | % | 863.62487590 | 0.66913081 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.66913081 | 0.00000000 | 853.92686211 | ||||||||||||||||||||||||||||||||
X-1B | 0.00 | 1.19161 | % | 862.82045191 | 0.85678510 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.85678510 | 0.00000000 | 849.33905043 | ||||||||||||||||||||||||||||||||
X-2 | 0.00 | 1.10198 | % | 866.29781447 | 0.79553189 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.79553189 | 0.00000000 | 845.31594858 | ||||||||||||||||||||||||||||||||
X-B | 0.00 | 0.64503 | % | 1000.00000000 | 0.53752153 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.53752153 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
A-R | 100.00 | 2.74362 | % | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.000000000 | ||||||||||||||||||||||||||||||||
B-1 | 15,905,000.00 | 1.97000 | % | 1000.00000000 | 1.64166677 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1.64166677 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
B-2 | 8,210,000.00 | 2.61503 | % | 1000.00000000 | 2.17918879 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 2.17918879 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
B-3 | 5,644,000.00 | 2.61503 | % | 1000.00000000 | 2.17918852 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 2.17918852 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
B-4 | 2,565,000.00 | 2.61503 | % | 1000.00000000 | 2.17918908 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 2.17918908 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
B-5 | 1,539,000.00 | 2.61503 | % | 1000.00000000 | 2.17918778 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 2.17918778 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
B-6 | 4,105,618.00 | 2.61503 | % | 1000.00000000 | 2.17918715 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 2.17918715 | 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 | 16,284,694.04 | |||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | |||
Proceeds from Repurchased Loans | 0.00 | |||
Other Amounts (Servicer Advances) | 1,868.97 | |||
Realized Losses | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Total Deposits | 16,286,563.01 | |||
Withdrawals | ||||
Reimbursement for Servicer Advances | 1,868.97 | |||
Payment of Service Fee | 287,633.65 | |||
Payment of Interest and Principal | 15,997,060.39 | |||
Total Withdrawals (Pool Distribution Amount) | 16,286,563.01 | |||
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 | 280,205.14 | |||
Master Servicing Fee | 7,428.51 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 287,633.65 | |||
| Account Type | Beginning Balance | Current Withdrawals | Current Deposits | Ending 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 | REO | TOTAL | ||||||||||||||||||||||||||||||||||||||||||||
| No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||||||||||||
| Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 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 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||||||||||||
60 Days | 1 | 499,843.75 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 1 | 499,843.75 | ||||||||||||||||||||||||||||||||||
90 Days | 0 | 0.00 | 90 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 | 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 | 150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||||||||||||
180+ Days | 1 | 280,250.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 1 | 280,250.00 | ||||||||||||||||||||||||||||||||||
| 2 | 780,093.75 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 2 | 780,093.75 | |||||||||||||||||||||||||||||||||||||||
| No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||||||||||||
| Loans | Balance | Loans | Balance | 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 | % | 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 | % | 30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||||||||
60 Days | 0.039651 | % | 0.056971 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.039651 | % | 0.056971 | % | ||||||||||||||||||||||||
90 Days | 0.000000 | % | 0.000000 | % | 90 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 | % | 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 | % | 150 Days | 0.000000 | % | 0.000000 | % | 150 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||||||||
180+ Days | 0.039651 | % | 0.031942 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.039651 | % | 0.031942 | % | ||||||||||||||||||||||||
| 0.079302 | % | 0.088913 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.079302 | % | 0.088913 | % | |||||||||||||||||||||||||||||
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance | 1,868.97 |
| Original $ | Original% | Current $ | Current % | Current Class % | Prepayment % | |||||||||||||||||||
Class A | 1,026,174,618.00 | 99.99999026 | % | 877,366,560.16 | 100.00000000 | % | 95.672434 | % | 0.000000 | % | ||||||||||||||
Class 1A | 227,968,618.00 | 22.21538048 | % | 198,578,648.23 | 22.63348722 | % | 77.366513 | % | 1,787.760387 | % | ||||||||||||||
Class 2A | 37,968,618.00 | 3.70001495 | % | 37,968,618.00 | 4.32756612 | % | 18.305921 | % | 423.007312 | % | ||||||||||||||
Class X-1-A | 37,968,618.00 | 3.70001495 | % | 37,968,618.00 | 4.32756612 | % | 0.000000 | % | 0.000000 | % | ||||||||||||||
Class X-1-B | 37,968,618.00 | 3.70001495 | % | 37,968,618.00 | 4.32756612 | % | 0.000000 | % | 0.000000 | % | ||||||||||||||
Class X-2 | 37,968,618.00 | 3.70001495 | % | 37,968,618.00 | 4.32756612 | % | 0.000000 | % | 0.000000 | % | ||||||||||||||
Class B-1 | 22,063,618.00 | 2.15008396 | % | 22,063,618.00 | 2.51475484 | % | 1.812811 | % | 41.889858 | % | ||||||||||||||
Class B-2 | 13,853,618.00 | 1.35002527 | % | 13,853,618.00 | 1.57900000 | % | 0.935755 | % | 21.623120 | % | ||||||||||||||
Class B-3 | 8,209,618.00 | 0.80002146 | % | 8,209,618.00 | 0.93571129 | % | 0.643289 | % | 14.864908 | % | ||||||||||||||
Class B-4 | 5,644,618.00 | 0.55006403 | % | 5,644,618.00 | 0.64335915 | % | 0.292352 | % | 6.755579 | % | ||||||||||||||
Class B-5 | 4,105,618.00 | 0.40008957 | % | 4,105,618.00 | 0.46794786 | % | 0.175411 | % | 4.053347 | % | ||||||||||||||
Class B-6 | 0.00 | 0.00000000 | % | 0.00 | 0.00000000 | % | 0.467948 | % | 10.813188 | % | ||||||||||||||
Please refer to the prospectus supplement for a full description of loss exposure
Delinquency Status By Group
Pool 1
| DELINQUENT | BANKRUPTCY | FORECLOSURE | REO | TOTAL | ||||||||||||||||||||||||||||||||||||||||||||
| No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||||||||||||
| Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 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 | 30 Days | 0. | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||||||||||||
60 Days | 1 | 499,843.75 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 1 | 499,843.75 | ||||||||||||||||||||||||||||||||||
90 Days | 0 | 0.00 | 90 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 | 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 | 150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||||||||||||
180+ Days | 1 | 280,250.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 1 | 280,250.00 | ||||||||||||||||||||||||||||||||||
| 2 | 780,093.75 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 2 | 780,093.75 | |||||||||||||||||||||||||||||||||||||||
| No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||||||||||||
| Loans | Balance | Loans | Balance | 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 | % | 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 | % | 30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||||||||
60 Days | 0.049529 | % | 0.070454 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.049529 | % | 0.070454 | % | ||||||||||||||||||||||||
90 Days | 0.000000 | % | 0.000000 | % | 90 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 | % | 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 | % | 150 Days | 0.000000 | % | 0.000000 | % | 150 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||||||||
180+ Days | 0.049529 | % | 0.039502 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.049529 | % | 0.039502 | % | ||||||||||||||||||||||||
| 0.099059 | % | 0.109956 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.099059 | % | 0.109956 | % | |||||||||||||||||||||||||||||
Pool 2
| DELINQUENT | BANKRUPTCY | FORECLOSURE | REO | TOTAL | ||||||||||||||||||||||||||||||||||||||||||||
| No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||||||||||||
| Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 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 | 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 | 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 | 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 | 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 | 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 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | ||||||||||||||||||||||||||||||||||
| 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | |||||||||||||||||||||||||||||||||||||||
| No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||||||||||||
| Loans | Balance | Loans | Balance | 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 | % | 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 | % | 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 | % | 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 | % | 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 | % | 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 | % | 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 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||||||||
| 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | |||||||||||||||||||||||||||||
Collateral Statement
| Collateral Description | Mixed Arm | |||
Weighted Average Gross Coupon | 3.002269 | % | ||
Weighted Average Net Coupon | 2.625066 | % | ||
Weighted Average Pass-Through Rate | 2.615066 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 313 | |||
Beginning Scheduled Collateral Loan Count | 2,555 | |||
Number of Loans Paid in Full | 33 | |||
Ending Scheduled Collateral Loan Count | 2,522 | |||
Beginning Scheduled Collateral Balance | 891,421,016.29 | |||
Ending Scheduled Collateral Balance | 877,366,560.16 | |||
Ending Actual Collateral Balance at 31-Mar-2004 | 877,372,378.37 | |||
Monthly P&I Constant | 2,230,558.62 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realization Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Class A Optimal Amount | 15,914,319.60 | |||
Ending Scheduled Balance for Premium Loans | 877,366,560.16 | |||
Scheduled Principal | 320.75 | |||
Unscheduled Principal | 14,054,135.38 | |||
Miscellaneous Reporting
Cap Agreement Deposit – 1 month Libor Loan | 0 | |||
Cap Agreement Deposit – 6 month Libor Loan | 0 |
| Group | 1 | 2 | Total | |||||||||
| Collateral Description | Mixed ARM | 6 Month LIBOR ARM | Mixed ARM | |||||||||
Weighted Average Coupon Rate | 2.989199 | 3.056975 | 3.002269 | |||||||||
Weighted Average Net Rate | 2.611471 | 2.681975 | 2.625066 | |||||||||
Pass-Through Rate | 2.601471 | 2.671975 | 2.615066 | |||||||||
Weighted Average Maturity | 311 | 319 | 313 | |||||||||
Record Date | 03/31/2004 | 03/31/2004 | 03/31/2004 | |||||||||
Principal and Interest Constant | 1,792,627.30 | 437,931.32 | 2,230,558.62 | |||||||||
Beginning Loan Count | 2,041 | 514 | 2,555 | |||||||||
Loans Paid in Full | 22 | 11 | 33 | |||||||||
Ending Loan Count | 2,019 | 503 | 2,522 | |||||||||
Beginning Scheduled Balance | 719,524,589.54 | 171,896,426.75 | 891,421,016.29 | |||||||||
Ending Scheduled Balance | 709,456,687.93 | 167,909,872.23 | 877,366,560.16 | |||||||||
Scheduled Principal | 291.95 | 28.80 | 320.75 | |||||||||
Unscheduled Principal | 10,067,609.66 | 3,986,525.72 | 14,054,135.38 | |||||||||
Scheduled Interest | 1,792,335.35 | 437,902.52 | 2,230,237.87 | |||||||||
Servicing Fee | 226,487.51 | 53,717.63 | 280,205.14 | |||||||||
Master Servicing Fee | 5,996.04 | 1,432.47 | 7,428.51 | |||||||||
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 | 1,559,851.80 | 382,752.42 | 1,942,604.22 | |||||||||
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 | 163,488,089.99 | |||
Six Month Libor Loan Balance | 545,968,597.94 | |||
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 | 167,909,872.23 | |||
Senior Percent | 100.000000 | % | ||
Senior Prepayment Percent | 100.000000 | % | ||
Subordinate Percent | 0.000000 | % | ||
Subordinate Prepayment Percent | 0.000000 | % |
