Wells Fargo Bank Minnesota, N.A. SMT Series 2003-4 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 holders of asset-backed securities in the SMT Series 2003-4 trust. It details the interest and principal payments made to certificateholders as of the February 27, 2004 record date and the March 22, 2004 distribution date. The statement includes payment amounts, outstanding balances, and loss information for each class of certificates, in accordance with the Pooling and Servicing Agreement governing the trust.

Read More Arrow
EX-10.1 3 f97888iexv10w1.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 2003-4 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 - ----------------------------------------------------------------------------------------------------- 1-A-1 81743PBH8 SEN 1.40125% 140,799,076.96 164,412.26 502,932.74 1-A-2 81743PBJ4 SEN 1.50000% 145,819,806.12 182,274.76 308,267.64 1-X-1A 81743PBM7 IO 0.91429% 0.00 50,810.42 0.00 1-X-1B 81743PBN5 IO 1.13960% 0.00 70,380.68 0.00 1-X-2 81743PBP0 IO 1.03780% 0.00 126,109.21 0.00 1-X-B 81743PBQ8 IO 0.74560% 0.00 2,400.83 0.00 1-A-R 81743PBL9 R 2.36081% 0.00 0.00 0.00 1-B-1 81743PBK1 SUB 1.74125% 3,864,000.00 5,606.83 0.00 1-B-2 81743PBR6 SUB 2.48620% 2,628,000.00 5,444.78 0.00 1-B-3 81743PBS4 SUB 2.48620% 1,546,000.00 3,203.05 0.00 1-B-4 81743PBT2 SUB 2.48620% 773,000.00 1,601.53 0.00 1-B-5 81743PBU9 SUB 2.48620% 464,000.00 961.33 0.00 1-B-6 81743PBV7 SUB 2.48620% 1,236,668.87 2,562.17 0.00 2-A-1 81743PBW5 SEN 1.44125% 179,490,514.70 215,575.9 54,719.00 2-M-1 81743PBX3 MEZ 1.56125% 9,986,000.00 12,992.20 0.00 2-X-1 81743PCA2 IO 0.92506% 0.00 138,366.84 0.00 2-X-M 81743PCB0 IO 0.80506% 0.00 6,699.47 0.00 2-X-B 81743PCC8 IO 0.62506% 0.00 1,232.94 0.00 2-A-R 81743PBZ8 R 2.31261% 0.00 0.00 0.00 2-B-1 81743PBY1 SUB 1.74125% 2,367,000.00 3,434.62 0.00 2-B-2 81743PCD6 SUB 2.36631% 824,000.00 1,624.87 0.00 2-B-3 81743PCE4 SUB 2.36631% 1,235,000.00 2,435.33 0.00 2-B-4 81743PCF1 SUB 2.36631% 618,000.00 1,218.65 0.00 2-B-5 81743PCG9 SUB 2.36631% 515,000.00 1,015.54 0.00 2-B-6 81743PCH7 SUB 2.36631% 926,589.00 1,827.16 0.00 - ----------------------------------------------------------------------------------------------------- Totals 493,092,655.65 1,002,191.06 865,919.38 - -----------------------------------------------------------------------------------------------------
Current Ending Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ---------------------------------------------------------------------------- 1-A-1 0.00 140,296,144.22 667,345.00 0.00 1-A-2 0.00 145,511,538.48 490,542.40 0.00 1-X-1A 0.00 0.00 50,810.42 0.00 1-X-1B 0.00 0.00 70,380.68 0.00 1-X-2 0.00 0.00 126,109.21 0.00 1-X-B 0.00 0.00 2,400.83 0.00 1-A-R 0.00 0.00 0.00 0.00 1-B-1 0.00 3,864,000.00 5,606.83 0.00 1-B-2 0.00 2,628,000.00 5,444.78 0.00 1-B-3 0.00 1,546,000.00 3,203.05 0.00 1-B-4 0.00 773,000.00 1,601.53 0.00 1-B-5 0.00 464,000.00 961.33 0.00 1-B-6 0.00 1,236,668.87 2,562.17 0.00 2-A-1 0.00 179,435,795.70 270,294.59 0.00 2-M-1 0.00 9,986,000.00 12,992.20 0.00 2-X-1 0.00 0.00 138,366.84 0.00 2-X-M 0.00 0.00 6,699.47 0.00 2-X-B 0.00 0.00 1,232.94 0.00 2-A-R 0.00 0.00 0.00 0.00 2-B-1 0.00 2,367,000.00 3,434.62 0.00 2-B-2 0.00 824,000.00 1,624.87 0.00 2-B-3 0.00 1,235,000.00 2,435.33 0.00 2-B-4 0.00 618,000.00 1,218.65 0.00 2-B-5 0.00 515,000.00 1,015.54 0.00 2-B-6 0.00 926,589.00 1,827.16 0.00 - ------------------------------------------------------------------------ Totals 0.00 492,226,736.27 1,868,110.44 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 Class Amount Balance Distribution Distribution Accretion - ---------------------------------------------------------------------------------- 1-A-1 148,641,000.00 140,799,076.96 0.00 502,932.74 0.00 1-A-2 150,000,000.00 145,819,806.12 0.00 308,267.64 0.00 1-X-1A 0.00 0.00 0.00 0.00 0.00 1-X-1B 0.00 0.00 0.00 0.00 0.00 1-X-2 0.00 0.00 0.00 0.00 0.00 1-X-B 0.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 1-B-1 3,864,000.00 3,864,000.00 0.00 0.00 0.00 1-B-2 2,628,000.00 2,628,000.00 0.00 0.00 0.00 1-B-3 1,546,000.00 1,546,000.00 0.00 0.00 0.00 1-B-4 773,000.00 773,000.00 0.00 0.00 0.00 1-B-5 464,000.00 464,000.00 0.00 0.00 0.00 1-B-6 1,236,668.87 1,236,668.87 0.00 0.00 0.00 2-A-1 189,415,000.00 179,490,514.70 9,501.69 45,217.31 0.00 2-M-1 9,986,000.00 9,986,000.00 0.00 0.00 0.00 2-X-1 0.00 0.00 0.00 0.00 0.00 2-X-M 0.00 0.00 0.00 0.00 0.00 2-X-B 0.00 0.00 0.00 0.00 0.00 2-A-R 100.00 0.00 0.00 0.00 0.00 2-B-1 2,367,000.00 2,367,000.00 0.00 0.00 0.00 2-B-2 824,000.00 824,000.00 0.00 0.00 0.00 2-B-3 1,235,000.00 1,235,000.00 0.00 0.00 0.00 2-B-4 618,000.00 618,000.00 0.00 0.00 0.00 2-B-5 515,000.00 515,000.00 0.00 0.00 0.00 2-B-6 926,589.00 926,589.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------- Totals 515,039,457.87 493,092,655.65 9,501.69 856,417.69 0.00 - ----------------------------------------------------------------------------------
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------------- 1-A-1 0.00 502,932.74 140,296,144.22 0.94385899 502,932.74 1-A-2 0.00 308,267.64 145,511,538.48 0.97007692 308,267.64 1-X-1A 0.00 0.00 0.00 0.00000000 0.00 1-X-1B 0.00 0.00 0.00 0.00000000 0.00 1-X-2 0.00 0.00 0.00 0.00000000 0.00 1-X-B 0.00 0.00 0.00 0.00000000 0.00 1-A-R 0.00 0.00 0.00 0.00000000 0.00 1-B-1 0.00 0.00 3,864,000.00 1.00000000 0.00 1-B-2 0.00 0.00 2,628,000.00 1.00000000 0.00 1-B-3 0.00 0.00 1,546,000.00 1.00000000 0.00 1-B-4 0.00 0.00 773,000.00 1.00000000 0.00 1-B-5 0.00 0.00 464,000.00 1.00000000 0.00 1-B-6 0.00 0.00 1,236,668.87 1.00000000 0.00 2-A-1 0.00 54,719.00 179,435,795.70 0.94731566 54,719.00 2-M-1 0.00 0.00 9,986,000.00 1.00000000 0.00 2-X-1 0.00 0.00 0.00 0.00000000 0.00 2-X-M 0.00 0.00 0.00 0.00000000 0.00 2-X-B 0.00 0.00 0.00 0.00000000 0.00 2-A-R 0.00 0.00 0.00 0.00000000 0.00 2-B-1 0.00 0.00 2,367,000.00 1.00000000 0.00 2-B-2 0.00 0.00 824,000.00 1.00000000 0.00 2-B-3 0.00 0.00 1,235,000.00 1.00000000 0.00 2-B-4 0.00 0.00 618,000.00 1.00000000 0.00 2-B-5 0.00 0.00 515,000.00 1.00000000 0.00 2-B-6 0.00 0.00 926,589.00 1.00000000 0.00 - ------------------------------------------------------------------------------------------------ Totals 0.00 865,919.38 492,226,736.27 0.95570685 865,919.38 - ------------------------------------------------------------------------------------------------
(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 Class Amount Balance Distribution Distribution Accretion - --------------------------------------------------------------------------------- 1-A-1 148,641,000.00 947.24253039 0.00000000 3.38353980 0.00000000 1-A-2 150,000,000.00 972.13204080 0.00000000 2.05511760 0.00000000 1-X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-2 2,628,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-3 1,546,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-4 773,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-5 464,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-6 1,236,668.87 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-1 189,415,000.00 947.60454399 0.05016335 0.23872085 0.00000000 2-M-1 9,986,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 100.00 0.00000000 0.0000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-2 824,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-3 1,235,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-4 618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-5 515,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-6 926,589.00 1000.00000000 0.00000000 0.00000000 0.00000000
Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------- 1-A-1 0.00000000 3.38353980 943.85899059 0.94385899 3.38353980 1-A-2 0.00000000 2.05511760 970.07692320 0.97007692 2.05511760 1-X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-A-1 0.00000000 0.28888420 947.31565979 0.94731566 0.28888420 2-M-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-6 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
Beginning Payment of Certificate/ Current Unpaid Original Face Current Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall - ------------------------------------------------------------------------------------------- 1-A-1 148,641,000.00 1.40125% 140,799,076.96 164,412.26 0.00 1-A-2 150,000,000.00 1.50000% 145,819,806.12 182,274.76 0.00 1-X-1A 0.00 0.91429% 66,688,139.29 50,810.42 0.00 1-X-1B 0.00 1.13960% 74,110,937.67 70,380.68 0.00 1-X-2 0.00 1.03780% 145,819,806.12 126,109.21 0.00 1-X-B 0.00 0.74560% 3,864,000.00 2,400.83 0.00 1-A-R 100.00 2.36081% 0.00 0.00 0.00 1-B-1 3,864,000.00 1.74125% 3,864,000.00 5,606.82 0.00 1-B-2 2,628,000.00 2.48620% 2,628,000.00 5,444.78 0.00 1-B-3 1,546,000.00 2.48620% 1,546,000.00 3,203.05 0.00 1-B-4 773,000.00 2.48620% 773,000.00 1,601.53 0.00 1-B-5 464,000.00 2.48620% 464,000.00 961.33 0.00 1-B-6 1,236,668.87 2.48620% 1,236,668.87 2,562.17 0.00 2-A-1 189,415,000.00 1.44125% 179,490,514.70 215,575.59 0.00 2-M-1 9,986,000.00 1.56125% 9,986,000.00 12,992.20 0.00 2-X-1 0.00 0.92506% 179,490,514.70 138,366.84 0.00 2-X-M 0.00 0.80506% 9,986,000.00 6,699.47 0.00 2-X-B 0.00 0.62506% 2,367,000.00 1,232.94 0.00 2-A-R 100.00 2.31261% 0.00 0.00 0.00 2-B-1 2,367,000.00 1.74125% 2,367,000.00 3,434.62 0.00 2-B-2 824,000.00 2.36631% 824,000.00 1,624.87 0.00 2-B-3 1,235,000.00 2.36631% 1,235,000.00 2,435.33 0.00 2-B-4 618,000.00 2.36631% 618,000.00 1,218.65 0.00 2-B-5 515,000.00 2.36631% 515,000.00 1,015.54 0.00 2-B-6 926,589.00 2.36631% 926,589.00 1,827.17 0.00 - ------------------------------------------------------------------------------------------ Totals 515,039,457.87 1,002,191.06 0.00 - ------------------------------------------------------------------------------------------
Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------------------------- 1-A-1 0.00 0.00 0.00 164,412.26 0.00 140,296,144.22 1-A-2 0.00 0.00 0.00 182,274.76 0.00 145,511,538.48 1-X-1A 0.00 0.00 0.00 5,810.42 0.00 66,616,114.96 1-X-1B 0.00 0.00 0.00 70,380.68 0.00 73,680,029.26 1-X-2 0.00 0.00 0.00 126,109.21 0.00 145,511,538.48 1-X-B 0.00 0.00 0.00 2,400.83 0.00 3,864,000.00 1-A-R 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 0.00 0.00 0.00 5,606.83 0.00 3,864,000.00 1-B-2 0.00 0.00 0.00 5,444.78 0.00 2,628,000.00 1-B-3 0.00 0.00 0.00 3,203.05 0.00 1,546,000.00 1-B-4 0.00 0.00 0.00 1,601.53 0.00 773,000.00 1-B-5 0.00 0.00 0.00 961.33 0.00 464,000.00 1-B-6 0.00 0.00 0.00 2,562.17 0.00 1,236,668.87 2-A-1 0.00 0.00 0.00 215,575.59 0.00 179,435,795.70 2-M-1 0.00 0.00 0.00 12,992.20 0.00 9,986,000.00 2-X-1 0.00 0.00 0.00 138,366.84 0.00 179,435,795.70 2-X-M 0.00 0.00 0.00 6,699.47 0.00 9,986,000.00 2-X-B 0.00 0.00 0.00 1,232.94 0.00 2,367,000.00 2-A-R 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 0.00 0.00 0.00 3,434.62 0.00 2,367,000.00 2-B-2 0.00 0.00 0.00 1,624.87 0.00 824,000.00 2-B-3 0.00 0.00 0.00 2,435.33 0.00 1,235,000.00 2-B-4 0.00 0.00 0.00 1,218.65 0.00 618,000.00 2-B-5 0.00 0.00 0.00 1,015.54 0.00 515,000.00 2-B-6 0.00 0.00 0.00 1,827.16 0.00 926,589.00 - ----------------------------------------------------------------------------------------- Totals 0.00 0.00 0.00 1,002,191.06 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 Original Face Certificate Certificate/ Current Interest Class (5) Amount Rate Notional Balance Accrued Interest Shortfall - -------------------------------------------------------------------------------------------- 1-A-1 148,641,000.00 1.40125% 947.24253039 1.10610303 0.00000000 1-A-2 150,000,000.00 1.50000% 972.13204080 1.21516507 0.00000000 1-X-1A 0.00 0.91429% 947.79658632 0.72213655 0.00000000 1-X-1B 0.00 1.13960% 946.74453307 0.89909163 0.00000000 1-X-2 0.00 1.03780% 972.13204080 0.84072807 0.00000000 1-X-B 0.00 0.74560% 1000.00000000 0.62133282 0.00000000 1-A-R 100.00 2.36081% 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1.74125% 1000.00000000 1.45104037 0.00000000 1-B-2 2,628,000.00 2.48620% 1000.00000000 2.07183409 0.00000000 1-B-3 1,546,000.00 2.48620% 1000.00000000 2.07183053 0.00000000 1-B-4 773,000.00 2.48620% 1000.00000000 2.07183700 0.00000000 1-B-5 464,000.00 2.48620% 1000.00000000 2.07183190 0.00000000 1-B-6 1,236,668.87 2.48620% 1000.00000000 2.07183189 0.00000000 2-A-1 189,415,000.00 1.44125% 947.60454399 1.13811256 0.00000000 2-M-1 9,986,000.00 1.56125% 1000.00000000 1.30104146 0.00000000 2-X-1 0.00 0.92506% 947.60454399 0.73049568 0.00000000 2-X-M 0.00 0.80506% 000.00000000 0.67088624 0.00000000 2-X-B 0.00 0.62506% 1000.00000000 0.52088720 0.00000000 2-A-R 100.00 2.31261% 0.00000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1.74125% 1000.00000000 1.45104351 0.00000000 2-B-2 824,000.00 2.36631% 1000.00000000 1.97192961 0.00000000 2-B-3 1,235,000.00 2.36631% 1000.00000000 1.97192713 0.00000000 2-B-4 618,000.00 2.36631% 1000.00000000 1.97192557 0.00000000 2-B-5 515,000.00 2.36631% 1000.00000000 1.97192233 0.00000000 2-B-6 926,589.00 2.36631% 1000.00000000 1.97193146 0.00000000 - --------------------------------------------------------------------------------------------
Non- Remaining Current Supported Unpaid Interest Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------------------------- 1-A-1 0.00000000 0.00000000 0.00000000 1.10610303 0.00000000 943.85899059 1-A-2 0.00000000 0.00000000 0.00000000 1.21516507 0.00000000 970.07692320 1-X-1A 0.00000000 0.00000000 0.00000000 0.72213655 0.00000000 946.77294981 1-X-1B 0.00000000 0.00000000 0.00000000 0.89909163 0.00000000 941.23981009 1-X-2 0.00000000 0.00000000 0.00000000 0.84072807 0.00000000 970.07692320 1-X-B 0.00000000 0.00000000 0.00000000 0.62133282 0.00000000 1000.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 0.00000000 0.00000000 1.45104296 0.00000000 1000.00000000 1-B-2 0.00000000 0.00000000 0.00000000 2.07183409 0.00000000 1000.00000000 1-B-3 0.00000000 0.00000000 0.00000000 2.07183053 0.00000000 1000.00000000 1-B-4 0.00000000 0.00000000 0.00000000 2.07183700 0.00000000 1000.00000000 1-B-5 0.00000000 0.00000000 0.00000000 2.07183190 0.00000000 1000.00000000 1-B-6 0.00000000 0.00000000 0.00000000 2.07183189 0.00000000 1000.00000000 2-A-1 0.00000000 0.00000000 0.00000000 1.13811256 0.00000000 947.31565979 2-M-1 0.00000000 0.00000000 0.00000000 1.30104146 0.00000000 1000.00000000 2-X-1 0.00000000 0.00000000 0.00000000 0.73049568 0.00000000 947.31565979 2-X-M 0.00000000 0.00000000 0.00000000 0.67088624 0.00000000 1000.00000000 2-X-B 0.00000000 0.00000000 0.00000000 0.52088720 0.00000000 1000.00000000 2-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 0.00000000 0.00000000 0.00000000 1.45104351 0.00000000 1000.00000000 2-B-2 0.00000000 0.00000000 0.00000000 1.97192961 0.00000000 1000.00000000 2-B-3 0.00000000 0.00000000 0.00000000 1.97192713 0.00000000 1000.00000000 2-B-4 0.00000000 0.00000000 0.00000000 1.97192557 0.00000000 1000.00000000 2-B-5 0.00000000 0.00000000 0.00000000 1.97192233 0.00000000 1000.00000000 2-B-6 0.00000000 0.00000000 0.00000000 1.97192067 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 2,008,259.67 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2,721.86 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 2,010,981.53 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 142,871.09 Payment of Interest and Principal 1,868,110.44 ------------ Total Withdrawals (Pool Distribution Amount) 2,010,981.53 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 141,843.82 Master Servicing Fee 1,027.27 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 142,871.09 ============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------ -------- ---------- -------- -------- 1-X-1A Reserve Fund 4,000.00 0.00 0.00 4,000.00 1-X-2 Reserve Fund 4,000.00 0.00 0.00 4,000.00 1-X-1B Reserve Fund 2,000.00 0.00 0.00 2,000.00 2-X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 2-X-B Reserve Fund 2,500.00 0.00 0.00 2,500.00 2-X-M 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 3 1,292,992.95 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------ ------------ ------ ---------- ------ ---------- 3 1,292,992.95 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 0.296150% 0.262682% 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% -------- -------- -------- -------- -------- -------- 0.296150% 0.262682% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ----------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 3 1,292,992.95 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------ ---------- ------- ------------ 0 0.00 3 1,292,992.95 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 0.296150% 0.262682% 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% 0.296150% 0.262682%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,721.86
GROUP 1A - 1 MO.
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------- ----------------------------------- ----------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------ ------------ ------ ---------- ------ ---------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ----------------------------------- -------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------ ---------- ------- ------------ 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000%
Group 1A - 6 Mo.
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 1 950,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------ ------------ ------ -------- ------ --------- 1 950,000.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.432900% 1.243004% 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% -------- -------- -------- -------- -------- -------- 0.432900% 1.243004% 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 1 950,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------ ---------- ------- ------------ 0 0.00 1 950,000.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.432900% 1.243004% 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% 0.432900% 1.243004%
GROUP 1B
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 2 342,992.95 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 --------------------- -------------------- ------------------- 2 342,992.95 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 0.479616% 0.227462% 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% --------------------- -------------------- ------------------- 0.479616% 0.227462% 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 2 342,992.95 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 2 342,992.95 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 0.479616% 0.227462% 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% 0.479616% 0.227462%
Group 2
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------- ------------------------------- ------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- -------------------- ------------------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- -------------------- ------------------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------- ------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------- -------------------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- -------------------- 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.786641% Weighted Average Net Coupon 2.441447% Weighted Average Pass-Through Rate 2.438947% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 1,015 Number of Loans Paid in Full 2 Ending Scheduled Collateral Loan Count 1,013 Beginning Scheduled Collateral Balance 493,092,656.40 Ending Scheduled Collateral Balance 492,226,737.02 Ending Actual Collateral Balance at 27-Feb-2004 492,226,737.02 Monthly P&I Constant 1,154,561.76 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 492,226,737.02 Scheduled Principal 9,501.69 Unscheduled Principal 856,417.69
MISCELLANEOUS REPORTING Group 1A Pro Rata Senior Percentage 96.417198% Group 1B Pro Rata Senior Percentage 96.505836% Group 2 Pro Rata Senior Percentage 91.594503% Group 1A Senior Percentage 100.000000% Group 1B Senior Percentage 100.000000% Group 2 Senior Percentage 100.000000% Group 1A Senior Prepayment Percentage 100.000000% Group 1B Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 1 Subordinate Percentage 0.000000% Group 2 Subordinate Percentage 0.000000% Group 1 Subordinate Prepay Percentage 0.000000% Group 2 Subordinate Prepay Percentage 0.000000%
GROUP GROUP 1A - 1 MO GROUP 1A - 6 MO GROUP 1B GROUP 2 TOTAL Collateral Description 1 Month 6 Month 6 Month 1 Month LIBOR ARM LIBOR ARM LIBOR ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.693043 2.918350 2.915295 2.668814 2.786641 Weighted Average Net Rate 2.318043 2.543350 2.540295 2.368814 2.441447 Pass-Through Rate 2.315543 2.540850 2.537795 2.366314 2.438947 Weighted Average Maturity 292 292 292 345 316 Record Date 02/27/2004 02/27/2004 02/27/2004 02/27/2004 02/27/2004 Principal and Interest Constant 155,223.03 186,932.11 367,082.93 445,323.69 1,154,561.76 Beginning Loan Count 156 233 417 209 1,015 Loans Paid in Full 0 2 0 0 2 Ending Loan Count 156 231 417 209 1,013 Beginning Scheduled Balance 69,166,228.53 76,864,853.43 151,099,469.99 195,962,104.45 493,092,656.40 Ending Scheduled Balance 69,100,401.67 76,427,747.55 150,791,202.35 195,907,385.45 492,226,737.02 Scheduled Principal 0.00 0.00 0.00 9,501.69 9,501.69 Unscheduled Principal 65,826.86 437,105.88 308,267.64 45,217.31 856,417.69 Scheduled Interest 155,223.03 186,932.11 367,082.93 435,822.00 1,145,060.07 Servicing Fee 21,614.45 24,020.27 47,218.58 48,990.52 141,843.82 Master Servicing Fee 0.00 0.00 0.00 0.00 0.00 Trustee Fee 144.10 160.14 314.79 408.24 1,027.27 FRY Amount 0.00 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 0.00 Net Interest 133,464.48 162,751.70 319,549.56 386,423.24 1,002,188.98 Realized Loss Amount 0.00 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00 0.00