Wells Fargo Bank Minnesota, N.A. SMT Series 2003-5 Certificateholder Distribution Statement (March 2004)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-5 trust. It summarizes the principal and interest payments made to certificateholders as of the March 22, 2004 distribution date, based on the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the governing agreement. No realized losses or interest shortfalls are reported for this period.

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EX-10.1 3 f97888jexv10w1.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 2003-5 RECORD DATE: FEBRUARY 27, 2004 DISTRIBUTION DATE: MARCH 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ------ --------- ----------- ----------------- -------------- ------------ ------------- A-1 81743PCJ3 SEN 1.40125% 637,187,901.21 744,049.63 12,577,087.57 A-2 81743PCK0 SEN 1.50000% 140,206,678.20 175,258.35 2,520,711.21 X-1A 81743PCL8 IO 1.08350% 0.00 79,182.17 0.00 X-1B 81743PCM6 IO 1.37110% 0.00 627,841.05 0.00 X-2 81743PCN4 IO 1.26479% 0.00 147,777.01 0.00 X-B 81743PCP9 IO 1.04733% 0.00 13,129.10 0.00 A-R 81743PCQ7 R 2.69804% 0.00 0.00 0.00 B-1 81743PCR5 SUB 1.69125% 15,043,000.00 21,201.23 0.00 B-2 81743PCS3 SUB 2.73858% 6,447,000.00 14,713.00 0.00 B-3 81743PCT1 SUB 2.73858% 6,017,000.00 13,731.68 0.00 B-4 SEQ0305B4 SUB 2.73858% 2,149,000.00 4,904.33 0.00 B-5 SEQ0305B5 SUB 2.73858% 1,289,000.00 2,941.69 0.00 B-6 SEQ0305B6 SUB 2.73858% 3,439,209.40 7,848.78 0.00 -------------- ------------ ------------- Totals 811,778,788.81 1,852,578.02 15,097,798.78 -------------- ------------ ------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------ --------- ------------- ------------------ ------------- ------------- A-1 81743PCJ3 0.00 624,610,813.64 13,321,137.20 0.00 A-2 81743PCK0 0.00 137,685,966.99 2,695,969.56 0.00 X-1A 81743PCL8 0.00 0.00 79,182.17 0.00 X-1B 81743PCM6 0.00 0.00 627,841.05 0.00 X-2 81743PCN4 0.00 0.00 147,777.01 0.00 X-B 81743PCP9 0.00 0.00 13,129.10 0.00 A-R 81743PCQ7 0.00 0.00 0.00 0.00 B-1 81743PCR5 0.00 15,043,000.00 21,201.23 0.00 B-2 81743PCS3 0.00 6,447,000.00 14,713.00 0.00 B-3 81743PCT1 0.00 6,017,000.00 13,731.68 0.00 B-4 SEQ0305B4 0.00 2,149,000.00 4,904.33 0.00 B-5 SEQ0305B5 0.00 1,289,000.00 2,941.69 0.00 B-6 SEQ0305B6 0.00 3,439,209.40 7,848.78 0.00 ---- -------------- ------------- ---- Totals 0.00 796,680,990.03 16,950,376.80 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 Class Amount Balance Distribution Distribution Accretion Loss (1) - ----- -------------- -------------- ------------ ------------- --------- -------- A-1 675,596,000.00 637,187,901.21 307.09 12,576,780.48 0.00 0.00 A-2 149,609,000.00 140,206,678.20 0.00 2,520,711.21 0.00 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 15,043,000.00 15,043,000.00 0.00 0.00 0.00 0.00 B-2 6,447,000.00 6,447,000.00 0.00 0.00 0.00 0.00 B-3 6,017,000.00 6,017,000.00 0.00 0.00 0.00 0.00 B-4 2,149,000.00 2,149,000.00 0.00 0.00 0.00 0.00 B-5 1,289,000.00 1,289,000.00 0.00 0.00 0.00 0.00 B-6 3,439,209.40 3,439,209.40 0.00 0.00 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Totals 859,589,309.40 811,778,788.81 307.09 15,097,491.69 0.00 0.00 -------------- -------------- ------ ------------- ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 12,577,087.57 624,610,813.64 0.92453303 12,577,087.57 A-2 2,520,711.21 137,685,966.99 0.92030538 2,520,711.21 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 15,043,000.00 1.00000000 0.00 B-2 0.00 6,447,000.00 1.00000000 0.00 B-3 0.00 6,017,000.00 1.00000000 0.00 B-4 0.00 2,149,000.00 1.00000000 0.00 B-5 0.00 1,289,000.00 1.00000000 0.00 B-6 0.00 3,439,209.40 1.00000000 0.00 ------------- -------------- ---------- ------------- Totals 15,097,798.78 796,680,990.03 0.92681584 15,097,798.78 ------------- -------------- ---------- -------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ----- -------------- ------------- ------------ ------------ ---------- ---------- A-1 675,596,000.00 943.14930996 0.00045455 18.61583029 0.00000000 0.00000000 A-2 149,609,000.00 937.15403619 0.00000000 16.84866024 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 18.61628484 924.53302512 0.92453303 18.61628484 A-2 16.84866024 920.30537595 0.92030538 16.84866024 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ----- -------------- ---------------- -------------- ------------ ---------- --------- A-1 675,596,000.00 1.04125% 637,187,901.21 744,049.62 0.00 0.00 A-2 149,609,000.00 1.50000% 140,206,678.20 175,258.35 0.00 0.00 X-1A 0.00 1.08350% 87,696,007.05 79,182.17 0.00 0.00 X-1B 0.00 1.37110% 549,491,894.16 627,841.04 0.00 0.00 X-2 0.00 1.26479% 140,206,678.20 147,777.01 0.00 0.00 X-B 0.00 1.04733% 15,043,000.00 13,129.10 0.00 0.00 A-R 100.00 2.69804% 0.00 0.00 0.00 0.00 B-1 15,043,000.00 1.69125% 15,043,000.00 21,201.23 0.00 0.00 B-2 6,447,000.00 2.73858% 6,447,000.00 14,713.00 0.00 0.00 B-3 6,017,000.00 2.73858% 6,017,000.00 13,731.68 0.00 0.00 B-4 2,149,000.00 2.73858% 2,149,000.00 4,904.33 0.00 0.00 B-5 1,289,000.00 2.73858% 1,289,000.00 2,941.69 0.00 0.00 B-6 3,439,209.40 2.73858% 3,439,209.40 7,848.78 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- Totals 859,589,309.40 1,852,578.00 0.00 0.00 -------------- ------------ ---- ---- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ----- --------- -------- -------------- --------- -------------- A-1 0.00 0.00 744,049.63 0.00 624,610,813.64 A-2 0.00 0.00 175,258.35 0.00 137,685,966.99 X-1A 0.00 0.00 79,182.17 0.00 86,964,889.84 X-1B 0.00 0.00 627,841.05 0.00 537,645,923.80 X-2 0.00 0.00 147,777.01 0.00 137,685,966.99 X-B 0.00 0.00 13,129.10 0.00 15,043,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 21,201.23 0.00 15,043,000.00 B-2 0.00 0.00 14,713.00 0.00 6,447,000.00 B-3 0.00 0.00 13,731.68 0.00 6,017,000.00 B-4 0.00 0.00 4,904.33 0.00 2,149,000.00 B-5 0.00 0.00 2,941.69 0.00 1,289,000.00 B-6 0.00 0.00 7,848.78 0.00 3,439,209.40 ---- ---- ------------ ---- -------------- Totals 0.00 0.00 1,852,578.02 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 Current Beginning Unpaid Current Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - --------- -------------- ----------- ---------------- --------------- ---------- ---------- A-1 675,596,000.00 1.40125% 943.14930996 1.10132331 0.00000000 0.00000000 A-2 149,609,000.00 1.50000% 937.15403619 1.17144256 0.00000000 0.00000000 X-1A 0.00 1.08350% 975.40693173 0.88071099 0.00000000 0.00000000 X-1B 0.00 1.37110% 938.19755286 1.07197018 0.00000000 0.00000000 X-2 0.00 1.26479% 937.15403619 0.98775481 0.00000000 0.00000000 X-B 0.00 1.04733% 1000.00000000 0.87277139 0.00000000 0.00000000 A-R 100.00 2.69804% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1.69125% 1000.00000000 1.40937512 0.00000000 0.00000000 B-2 6,447,000.00 2.73858% 1000.00000000 2.28214673 0.00000000 0.00000000 B-3 6,017,000.00 2.73858% 1000.00000000 2.28214725 0.00000000 0.00000000 B-4 2,149,000.00 2.73858% 1000.00000000 2.28214518 0.00000000 0.00000000 B-5 1,289,000.00 2.73858% 1000.00000000 2.28214895 0.00000000 0.00000000 B-6 3,439,209.40 2.73858% 1000.00000000 2.28214659 0.00000000 0.00000000 Non-Supported Remaining Interest Unpaid Shortfall Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - --------- ------------- ----------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 1.10132332 0.00000000 924.53302512 A-2 0.00000000 0.00000000 1.17144256 0.00000000 920.30537595 X-1A 0.00000000 0.00000000 0.88071099 0.00000000 967.27501309 X-1B 0.00000000 0.00000000 1.07197020 0.00000000 917.97184885 X-2 0.00000000 0.00000000 0.98775481 0.00000000 920.30537595 X-B 0.00000000 0.00000000 0.87277139 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.40937512 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.28214673 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.28214725 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.28214518 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.28214895 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.28214659 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 17,193,747.76 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 27,505.28 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 17,221,253.04 Withdrawals Reimbursement for Servicer Advances 11,963.95 Payment of Service Fee 258,912.31 Payment of Interest and Principal 16,950,376.78 ------------- Total Withdrawals (Pool Distribution Amount) 17,221,253.04 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 253,838.70 Master Servicing Fee 5,073.61 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 258,912.31 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ---------------------- --------- ----------- -------- -------- Class X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund 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 30 11,607,786.58 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 --------------------- ------------- -------------- 30 11,607,786.58 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 1.376147% 1.457015% 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% --------------------- ------------------- -------------------- 1.376147% 1.457015% 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 30 11,607,786.58 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 30 11,607,786.58 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 1.376147% 1.457015% 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% 1.376147% 1.457015%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 27,505.28
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 34,384,209.40 4.00007411% 34,384,209.40 4.31593195% 95.684068% 0.000000% Class X-1-A 34,384,209.40 4.00007411% 34,384,209.40 4.31593195% 0.000000% 0.000000% Class X-1-B 34,384,209.40 4.00007411% 34,384,209.40 4.31593195% 0.000000% 0.000000% Class X-2 34,384,209.40 4.00007411% 34,384,209.40 4.31593195% 0.000000% 0.000000% Class B-1 19,341,209.40 2.25005234% 19,341,209.40 2.42772322% 1.888209% 43.749734% Class B-2 12,894,209.40 1.50004302% 12,894,209.40 1.61849091% 0.809232% 18.749886% Class B-3 6,877,209.40 0.80005758% 6,877,209.40 0.86323252% 0.755258% 17.499312% Class B-4 4,728,209.40 0.55005447% 4,728,209.40 0.59348842% 0.269744% 6.249962% Class B-5 3,439,209.40 0.40009914% 3,439,209.40 0.43169216% 0.161796% 3.748814% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.431692% 10.002293%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- -------------------------------- ------------------------------- ONE-MONTH LIBOR - GROUP 1 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 1 209,623.12 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 ----------------- -------------- -------------- 1 209,623.12 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 0.505051% 0.230649% 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% ------------------- -------------------- ------------------- 0.505051% 0.230649% 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 1 209,623.12 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 1 209,623.12 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 0.505051% 0.230649% 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% 0.505051% 0.230649%
DELINQUENT BANKRUPTCY FORECLOSURE - ----------------------------------- ------------------------------- -------------------------------- SIX-MONTH LIBOR - GROUP 1 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 25 10,081,104.33 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 --------------------- -------------- --------------- 25 10,081,104.33 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 1.566416% 1.794181% 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% --------------------- ------------------- -------------------- 1.566416% 1.794181% 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 25 10,081,104.33 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 25 10,081,104.33 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 1.566416% 1.794181% 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% 1.566416% 1.794181% DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- -------------------------------- -------------------------------- SIX-MONTH LIBOR - GROUP 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 1,317,059.13 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 1,317,059.13 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 1.036269% 0.915127% 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% --------------------- -------------------- -------------------- 1.036269% 0.915127% 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 1,317,059.13 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 1,317,059.13 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 1.036269% 0.915127% 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% 1.036269% 0.915127%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.121279% Weighted Average Net Coupon 2.746046% Weighted Average Pass-Through Rate 2.738546% Weighted Average Maturity (Stepdown Calculation) 330 Beginning Scheduled Collateral Loan Count 2,205 Number of Loans Paid in Full 25 Ending Scheduled Collateral Loan Count 2,180 Beginning Scheduled Collateral Balance 811,778,788.81 Ending Scheduled Collateral Balance 796,680,990.03 Ending Actual Collateral Balance at 27-Feb-2004 796,682,981.00 Monthly P&I Constant 2,111,797.41 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,871,906.97 Ending Scheduled Balance for Premium Loans 796,680,990.03 Scheduled Principal 307.09 Unscheduled Principal 15,097,491.69
MISCELLANEOUS REPORTING Pro Rata Senior Percent - Group 1 95.769125% Pro Rata Senior Percent - Group 2 95.742588% Senior Percent - Group 1 100.000000% Senior Percent - Group 2 100.000000% Senior Prepayment Percent - Group 1 100.000000% Senior Prepayment Percent - Group 2 100.000000% Subordinate Percent - Group 1 0.000000% Subordinate Percent - Group 2 0.000000% Subordinate Prepayment Percent - Group 1 0.000000% Subordinate Prepayment Percent - Group 2 0.000000% Principal Transfer Amount - Group 1 0.00 Principal Transfer Amount - Group 2 0.00 Interest Transfer Amount - Group 1 0.00 Interest Transfer Amount - Group 2 0.00
GROUP 1 MO. LIBOR - GR 1 6 MO LIBOR - GR 1 6 MO LIBOR - GR 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.867250 3.155141 3.147451 3.121279 Weighted Average Net Rate 2.492250 2.779852 2.772293 2.746046 Pass-Through Rate 2.484750 2.772352 2.764793 2.738546 Weighted Average Maturity 315 333 330 330 Record Date 02/27/2004 02/27/2004 02/27/2004 02/27/2004 Principal and Interest Constant 218,904.08 1,508,796.04 384,097.29 2,111,797.41 Beginning Loan Count 199 1,617 389 2,205 Loans Paid in Full 1 21 3 25 Ending Loan Count 198 1,596 386 2,180 Beginning Scheduled Balance 91,570,229.33 573,767,272.37 146,441,287.11 811,778,788.81 Ending Scheduled Balance 90,884,173.42 561,876,240.71 143,920,575.90 796,680,990.03 Scheduled Principal 108.48 198.61 0.00 307.09 Unscheduled Principal 685,947.43 11,890,833.05 2,520,711.21 15,097,491.69 Scheduled Interest 218,795.60 1,508,597.43 384,097.29 2,111,490.32 Servicing Fee 28,615.69 179,440.84 45,782.17 253,838.70 Master Servicing Fee 572.31 3,586.04 915.26 5,073.61 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 189,607.60 1,325,570.55 337,399.86 1,852,578.01 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