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: March 31, 2004 Distribution Date: April 20, 2004 Certificateholder Distribution Summary
Contract Categories:
Business Operations
- Distribution Agreements
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 | % |
