Certificateholder Distribution Summary for SMT Series 2003-7 (Wells Fargo Bank Minnesota, N.A.)

Summary

This document is a distribution summary prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for the SMT Series 2003-7 trust. It details the interest and principal payments made to certificateholders as of the February 27, 2004 record date and March 22, 2004 distribution date. The summary lists the classes of certificates, their balances, interest rates, and distributions, as well as principal reductions and realized losses. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 3 f97888lexv10w1.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 2003-7 RECORD DATE: FEBRUARY 27, 2004 DISTRIBUTION DATE: MARCH 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ------ --------- ----------- ------------ -------------- ------------ ------------ A-1 81743PDK9 SEN 1.41125% 282,778,281.98 332,559.04 4,134,263.37 A-2 81743PDL7 SEN 1.57375% 495,253,732.73 649,504.63 5,825,425.95 X-1 81743PDM5 IO 0.80000% 0.00 475,871.91 0.00 X-2 81743PDN3 IO 0.42687% 0.00 276,767.72 0.00 A-R 81743PDQ6 RES 2.62876% 0.00 0.00 0.00 B-1 81743PDR4 SUB 1.64125% 16,607,000.00 22,713.53 0.00 B-2 81743PDS2 SUB 2.67544% 6,642,000.00 14,808.54 0.00 B-3 81743PDT0 SUB 2.67544% 4,982,000.00 11,107.52 0.00 B-4 SMT0307B4 SUB 2.67544% 2,490,000.00 5,551.53 0.00 B-5 SMT0307B5 SUB 2.67544% 1,660,000.00 3,701.02 0.00 B-6 SMT0307B6 SUB 2.67544% 2,910,544.86 6,489.15 0.00 X-B 81743PDP8 IO 1.03419% 0.00 14,312.29 0.00 -------------- ------------ ------------ Totals 813,323,559.57 1,813,386.88 9,959,689.32 -------------- ------------ ------------ Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------ --------- ------------- ------------------ ------------- ------------- A-1 81743PDK9 0.00 278,644,018.61 4,466,822.41 0.00 A-2 81743PDL7 0.00 489,428,306.78 6,474,930.58 0.00 X-1 81743PDM5 0.00 0.00 475,871.91 0.00 X-2 81743PDN3 0.00 0.00 276,767.72 0.00 A-R 81743PDQ6 0.00 0.00 0.00 0.00 B-1 81743PDR4 0.00 16,607,000.00 22,713.53 0.00 B-2 81743PDS2 0.00 6,642,000.00 14,808.54 0.00 B-3 81743PDT0 0.00 4,982,000.00 11,107.52 0.00 B-4 SMT0307B4 0.00 2,490,000.00 5,551.53 0.00 B-5 SMT0307B5 0.00 1,660,000.00 3,701.02 0.00 B-6 SMT0307B6 0.00 2,910,544.86 6,489.15 0.00 X-B 81743PDP8 0.00 0.00 14,312.29 0.00 ---- -------------- ------------- ---- Totals 0.00 803,363,870.25 11,773,076.20 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-1 290,000,000.00 282,778,281.98 0.00 4,134,263.37 0.00 0.00 A-2 505,100,000.00 495,253,732.73 0.00 5,825,425.95 0.00 0.00 X-1 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 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 16,607,000.00 16,607,000.00 0.00 0.00 0.00 0.00 B-2 6,642,000.00 6,642,000.00 0.00 0.00 0.00 0.00 B-3 4,982,000.00 4,982,000.00 0.00 0.00 0.00 0.00 B-4 2,490,000.00 2,490,000.00 0.00 0.00 0.00 0.00 B-5 1,660,000.00 1,660,000.00 0.00 0.00 0.00 0.00 B-6 2,910,544.86 2,910,544.86 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Totals 830,391,644.86 813,323,559.57 0.00 9,595,689.32 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------ --------------- ------------------ ------------------ --------------- A-1 4,134,263.37 278,644,018.61 0.96084144 4,134,263.37 A-2 5,825,425.95 489,428,306.78 0.96897309 5,825,425.95 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 16,607,000.00 1.00000000 0.00 B-2 0.00 6,642,000.00 1.00000000 0.00 B-3 0.00 4,982,000.00 1.00000000 0.00 B-4 0.00 2,490,000.00 1.00000000 0.00 B-5 0.00 1,660,000.00 1.00000000 0.00 B-6 0.00 2,910,544.86 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 ------------ -------------- ---------- ------------ Totals 9,959,689.32 803,363,870.25 0.96745177 9,959,689.32 ------------ -------------- ---------- ------------
(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-1 290,000,000.00 975.09752407 0.00000000 14.25608059 0.00000000 0.00000000 A-2 505,100,000.00 980.50630119 0.00000000 11.53321313 0.00000000 0.00000000 X-1 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 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,607,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,642,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,982,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,490,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,910,544.86 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----- --------------- ------------------ ------------------ --------------- A-1 14.25608059 960.84144348 0.96084144 14.25608059 A-2 11.53321313 968.97308806 0.96897309 11.53321313 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2 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 X-B 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- --------- A-1 290,000,000.00 1.41125% 282,778,281.98 332,559.04 0.00 0.00 A-2 505,100,000.00 1.57375% 495,253,732.73 649,504.63 0.00 0.00 X-1 0.00 0.80000% 713,807,869.75 475,871.91 0.00 0.00 X-2 0.00 0.42687% 778,032,014.71 276,767.72 0.00 0.00 A-R 100.00 2.62876% 0.00 0.00 0.00 0.00 B-1 16,607,000.00 1.64125% 16,607,000.00 22,713.53 0.00 0.00 B-2 6,642,000.00 2.67544% 6,642,000.00 14,808.54 0.00 0.00 B-3 4,982,000.00 2.67544% 4,982,000.00 11,107.52 0.00 0.00 B-4 2,490,000.00 2.67544% 2,490,000.00 5,551.53 0.00 0.00 B-5 1,660,000.00 2.67544% 1,660,000.00 3,701.02 0.00 0.00 B-6 2,910,544.86 2.67544% 2,910,544.86 6,489.15 0.00 0.00 X-B 0.00 1.03419% 16,607,000.00 14,312.29 0.00 0.00 -------------- ------------ ---- ---- Totals 830,391,644.86 1,813,386.88 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 0.00 332,559.04 0.00 278,644,018.61 A-2 0.00 0.00 649,504.63 0.00 489,428,306.78 X-1 0.00 0.00 475,871.91 0.00 687,393,227.92 X-2 0.00 0.00 276,767.72 0.00 768,072,325.39 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,713.53 0.00 16,607,000.00 B-2 0.00 0.00 14,808.54 0.00 6,642,000.00 B-3 0.00 0.00 11,107.52 0.00 4,982,000.00 B-4 0.00 0.00 5,551.53 0.00 2,490,000.00 B-5 0.00 0.00 3,701.02 0.00 1,660,000.00 B-6 0.00 0.00 6,489.15 0.00 2,910,544.86 X-B 0.00 0.00 14,312.29 0.00 16,607,000.00 ---- ---- ------------ ---- Totals 0.00 0.00 1,813,386.88 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-1 290,000,000.00 1.41125% 975.09752407 1.14675531 0.00000000 0.00000000 A-2 505,100,000.00 1.57375% 980.50630119 1.28589315 0.00000000 0.00000000 X-1 0.00 0.80000% 897.75860867 0.59850574 0.00000000 0.00000000 X-2 0.00 0.42687% 978.53353630 0.34809171 0.00000000 0.00000000 A-R 100.00 2.62876% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,607,000.00 1.64125% 1000.00000000 1.36770820 0.00000000 0.00000000 B-2 6,642,000.00 2.67544% 1000.00000000 2.22953026 0.00000000 0.00000000 B-3 4,982,000.00 2.67544% 1000.00000000 2.22953031 0.00000000 0.00000000 B-4 2,490,000.00 2.67544% 1000.00000000 2.22953012 0.00000000 0.00000000 B-5 1,660,000.00 2.67544% 1000.00000000 2.22953012 0.00000000 0.00000000 B-6 2,910,544.86 2.67544% 1000.00000000 2.22953100 0.00000000 0.00000000 X-B 0.00 1.03419% 1000.00000000 0.86182273 0.00000000 0.00000000 Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - --------- ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 0.00000000 1.14675531 0.00000000 960.84144348 A-2 0.00000000 0.00000000 1.28589315 0.00000000 968.97308806 X-1 0.00000000 0.00000000 0.59850574 0.00000000 864.53682294 X-2 0.00000000 0.00000000 0.34809171 0.00000000 966.00720084 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.36770820 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.22953026 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.22953031 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.22953012 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.22953012 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.22953100 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.86182273 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 12,026,568.77 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 25,023.01 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,051,591.78 Withdrawals Reimbursement for Servicer Advances 19,946.48 Payment of Service Fee 258,569.10 Payment of Interest and Principal 11,773,076.20 ------------- Total Withdrawals (Pool Distribution Amount) 12,051,591.78 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 254,163.60 Master Servicing Fee 4,405.50 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 258,569.10 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------- --------- ----------- -------- -------- Pool 1 Companion Reserve Fund 4,000.00 0.00 0.00 4,000.00 Pool 1 NAS Reserve Fund 1,000.00 0.00 0.00 1,000.00 Pool 2 Companion Reserve Fund 500.00 0.00 0.00 500.00 Pool 2 NAS Reserve Fund 2,000.00 0.00 0.00 2,000.00 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 31 10,033,797.75 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 1,141,018.36 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 ------------------------ ------------------ ------------------ 34 11,174,816.11 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 1.292744% 1.248971% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.125104% 0.142030% 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% --------------------- ------------------- ------------------- 1.417848% 1.391001% 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 31 10,033,797.75 60 Days 0 0.00 60 Days 3 1,141,018.36 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 34 11,174,816.11 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 1.292744% 1.248971% 60 Days 0.000000% 0.000000% 60 Days 0.125104% 0.142030% 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% 1.417848% 1.391001%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 25,023.01
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 35,291,544.86 4.24998795% 35,291,544.86 4.39297138% 95.607029% 0.000000% Class X-1 35,291,544.86 4.24998795% 35,291,544.86 4.39297138% 0.000000% 0.000000% Class X-2 35,291,544.86 4.24998795% 35,291,544.86 4.39297138% 0.000000% 0.000000% Class B-1 18,684,544.86 2.25008825% 18,684,544.86 2.32578854% 2.067183% 47.056597% Class B-2 12,042,544.86 1.45022471% 12,042,544.86 1.49901499% 0.826774% 18.820372% Class B-3 7,060,544.86 0.85026685% 7,060,544.86 0.87887259% 0.620142% 14.116696% Class B-4 4,750,544.86 0.55040834% 4,570,544.86 0.56892587% 0.309947% 7.055514% Class B-5 2,910,544.86 0.35050267% 2,910,544.86 0.36229472% 0.206631% 4.703676% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.362295% 8.247145%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------- ------------------------------- ------------------------------- GROUP ONE - A 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 2,130,899.72 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 2,130,899.72 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 1.687764% 2.339673% 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% -------------------- ------------------- ------------------- 1.687764% 2.339673% 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 2,130,899.72 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 2,130,899.72 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 1.687764% 2.339673% 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% 1.687764% 2.339673%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------- GROUP ONE - B 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 6 1,602,368.11 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 468,668.36 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 ------------------------ ------------------- -------------------- 7 2,071,036.47 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 0.974026% 0.799428% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.162338% 0.233820% 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% --------------------- -------------------- -------------------- 1.136364% 1.033248% 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 6 1,602,368.11 60 Days 0 0.00 60 Days 1 468,668.36 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 7 2,071,036.47 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 0.974026% 0.799428% 60 Days 0.000000% 0.000000% 60 Days 0.162338% 0.233820% 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% 1.136364% 1.033248%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------- GROUP TWO 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 21 6,300,529.92 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 672,350.00 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 ------------------------ ------------------- -------------------- 23 6,972,879.92 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 1.359223% 1.230936% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.129450% 0.131357% 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% --------------------- -------------------- -------------------- 1.488673% 1.362293% 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 21 6,300,529.92 60 Days 0 0.00 60 Days 2 672,350.00 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 23 6,972,879.92 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 1.359223% 1.230936% 60 Days 0.000000% 0.000000% 60 Days 0.129450% 0.131357% 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% 1.488673% 1.362293%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.057021% Weighted Average Net Coupon 2.682021% Weighted Average Pass-Through Rate 2.675521% Weighted Average Maturity (Stepdown Calculation) 348 Beginning Scheduled Collateral Loan Count 2,421 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 2,398 Beginning Scheduled Collateral Balance 813,323,559.61 Ending Scheduled Collateral Balance 803,363,870.29 Ending Actual Collateral Balance at 27-Feb-2004 803,364,831.28 Monthly P&I Constant 2,071,956.02 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,694,392.63 Ending Scheduled Balance for Premium Loans 803,363,870.29 Scheduled Principal 0.00 Unscheduled Principal 9,959,689.32
MISCELLANEOUS REPORTING Capitalized Interest Account Balance 0.00 Subsequent Mortgage Acquisition 0.00
GROUP GROUP ONE - A GROUP ONE - B GROUP TWO TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.849785 3.087613 3.081961 3.057021 Weighted Average Net Rate 2.474785 2.712613 2.706961 2.682021 Pass-Through Rate 2.468285 2.706113 2.700461 2.675521 Weighted Average Maturity 324 351 351 348 Record Date 02/27/2004 02/27/2004 02/27/2004 02/27/2004 Principal and Interest Constant 219,233.86 523,181.35 1,329,540.81 2,071,956.02 Beginning Loan Count 240 624 1,557 2,421 Loans Paid in Full 3 8 12 23 Ending Loan Count 237 616 1,545 2,398 Beginning Scheduled Balance 92,315,962.14 203,334,282.50 517,673,314.97 813,323,559.61 Ending Scheduled Balance 91,076,747.06 200,439,234.21 511,847,889.02 803,363,870.29 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 1,239,215.08 2,895,048.29 5,825,425.95 9,959,689.32 Scheduled Interest 219,233.86 523,181.35 1,329,540.81 2,071,956.02 Servicing Fee 28,848.73 63,541.97 161,772.90 254,163.60 Master Servicing Fee 500.05 1,101.39 2,804.06 4,405.50 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 189,885.08 458,537.99 1,164,963.85 1,813,386.92 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group One - A Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 95.646220% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Prefunding Balance 0.00 Group One - B Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 95.669164% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Prefunding Balance 0.00