Wells Fargo Bank Minnesota, N.A. SMT Series 2003-4 Certificateholder Distribution Statement (January 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 2003-4 trust. It details the interest and principal payments made to certificateholders as of January 30, 2004, with distributions occurring on February 20, 2004. The statement lists each certificate class, beginning and ending balances, interest and principal distributed, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 3 f97116bexv10w1.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: JANUARY 30, 2004 DISTRIBUTION DATE: FEBRUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Ending Cumulative Class Pass-Through Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss - ------------------------------------------------------------------------------------------------------------------------------------ 1-A-1 81743PBH8 SEN 1.41000% 141,349,278.22 166,085.40 550,201.26 0.00 140,799,076.96 716,286.66 0.00 1-A-2 81743PBJ4 SEN 1.50000% 146,435,103.74 183,043.88 615,297.62 0.00 145,819,806.12 798,341.50 0.00 1-X-1A 81743PBM7 IO 0.90549% 0.00 50,366.18 0.00 0.00 0.00 50,366.18 0.00 1-X-1B 81743PBN5 IO 1.13061% 0.00 70,287.58 0.00 0.00 0.00 70,287.58 0.00 1-X-2 81743PBP0 IO 1.03765% 0.00 126,623.10 0.00 0.00 0.00 126,623.10 0.00 1-X-B 81743PBQ8 IO 0.73686% 0.00 2,372.70 0.00 0.00 0.00 2,372.70 0.00 1-A-R 81743PBL9 R 2.36096% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 81743PBK1 SUB 1.75000% 3,864,000.00 5,635.00 0.00 0.00 3,864,000.00 5,635.00 0.00 1-B-2 81743PBR6 SUB 2.48621% 2,628,000.00 5,444.80 0.00 0.00 2,628,000.00 5,444.80 0.00 1-B-3 81743PBS4 SUB 2.48621% 1,546,000.00 3,203.07 0.00 0.00 1,546,000.00 3,203.07 0.00 1-B-4 81743PBT2 SUB 2.48621% 773,000.00 1,601.53 0.00 0.00 773,000.00 1,601.53 0.00 1-B-5 81743PBU9 SUB 2.48621% 464,000.00 961.33 0.00 0.00 464,000.00 961.33 0.00 1-B-6 81743PBV7 SUB 2.48621% 1,236,668.87 2,562.18 0.00 0.00 1,236,668.87 2,562.18 0.00 2-A-1 81743PBW5 SEN 1.45000% 182,111,703.34 220,051.64 2,621,188.64 0.00 179,490,514.70 2,841,240.28 0.00 2-M-1 81743PBX3 MEZ 1.57000% 9,986,000.00 13,065.02 0.00 0.00 9,986,000.00 13,065.02 0.00 2-X-1 81743PCA2 IO 0.96013% 0.00 145,708.86 0.00 0.00 0.00 145,708.86 0.00 2-X-M 81743PCB0 IO 0.84013% 0.00 6,991.27 0.00 0.00 0.00 6,991.27 0.00 2-X-B 81743PCC8 IO 0.66013% 0.00 1,302.10 0.00 0.00 0.00 1,302.10 0.00 2-A-R 81743PBZ8 R 2.32136% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 81743PBY1 SUB 1.75000% 2,367,000.00 3,451.88 0.00 0.00 2,367,000.00 3,451.88 0.00 2-B-2 81743PCD6 SUB 2.41013% 824,000.00 1,654.95 0.00 0.00 824,000.00 1,654.95 0.00 2-B-3 81743PCE4 SUB 2.41013% 1,235,000.00 2,480.42 0.00 0.00 1,235,000.00 2,480.42 0.00 2-B-4 81743PCF1 SUB 2.41013% 618,000.00 1,241.22 0.00 0.00 618,000.00 1,241.22 0.00 2-B-5 81743PCG9 SUB 2.41013% 515,000.00 1,034.35 0.00 0.00 515,000.00 1,034.35 0.00 2-B-6 81743PCH7 SUB 2.41013% 926,589.00 1,861.00 0.00 0.00 926,589.00 1,861.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Totals 496,879,343.17 1,017,029.46 3,786,687.52 0.00 493,092,655.65 4,803,716.98 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) - ---------------------------------------------------------------------------------------- 1-A-1 148,641,000.00 141,349,278.22 0.00 550,201.26 0.00 0.00 1-A-2 150,000,000.00 146,435,103.74 0.00 615,297.62 0.00 0.00 1-X-1A 0.00 0.00 0.00 0.00 0.00 0.00 1-X-1B 0.00 0.00 0.00 0.00 0.00 0.00 1-X-2 0.00 0.00 0.00 0.00 0.00 0.00 1-X-B 0.00 0.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 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 0.00 1-B-2 2,628,000.00 2,628,000.00 0.00 0.00 0.00 0.00 1-B-3 1,546,000.00 1,546,000.00 0.00 0.00 0.00 0.00 1-B-4 773,000.00 773,000.00 0.00 0.00 0.00 0.00 1-B-5 464,000.00 464,000.00 0.00 0.00 0.00 0.00 1-B-6 1,236,668.87 1,236,668.87 0.00 0.00 0.00 0.00 2-A-1 189,415,000.00 182,111,703.34 9,449.81 2,611,738.83 0.00 0.00 2-M-1 9,986,000.00 9,986,000.00 0.00 0.00 0.00 0.00 2-X-1 0.00 0.00 0.00 0.00 0.00 0.00 2-X-M 0.00 0.00 0.00 0.00 0.00 0.00 2-X-B 0.00 0.00 0.00 0.00 0.00 0.00 2-A-R 100.00 0.00 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 0.00 2-B-2 824,000.00 824,000.00 0.00 0.00 0.00 0.00 2-B-3 1,235,000.00 1,235,000.00 0.00 0.00 0.00 0.00 2-B-4 618,000.00 618,000.00 0.00 0.00 0.00 0.00 2-B-5 515,000.00 515,000.00 0.00 0.00 0.00 0.00 2-B-6 926,589.00 926,589.00 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------- Totals 515,039,457.87 496,879,343.17 9,449.81 3,777,237.71 0.00 0.00 - ---------------------------------------------------------------------------------------- Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------- 1-A-1 550,201.26 140,799,076.96 0.94724253 550,201.26 1-A-2 615,297.62 145,819,806.12 0.97213204 615,297.62 1-X-1A 0.00 0.00 0.00000000 0.00 1-X-1B 0.00 0.00 0.00000000 0.00 1-X-2 0.00 0.00 0.00000000 0.00 1-X-B 0.00 0.00 0.00000000 0.00 1-A-R 0.00 0.00 0.00000000 0.00 1-B-1 0.00 3,864,000.00 1.00000000 0.00 1-B-2 0.00 2,628,000.00 1.00000000 0.00 1-B-3 0.00 1,546,000.00 1.00000000 0.00 1-B-4 0.00 773,000.00 1.00000000 0.00 1-B-5 0.00 464,000.00 1.00000000 0.00 1-B-6 0.00 1,236,668.87 1.00000000 0.00 2-A-1 2,621,188.64 179,490,514.70 0.94760454 2,621,188.64 2-M-1 0.00 9,986,000.00 1.00000000 0.00 2-X-1 0.00 0.00 0.00000000 0.00 2-X-M 0.00 0.00 0.00000000 0.00 2-X-B 0.00 0.00 0.00000000 0.00 2-A-R 0.00 0.00 0.00000000 0.00 2-B-1 0.00 2,367,000.00 1.00000000 0.00 2-B-2 0.00 824,000.00 1.00000000 0.00 2-B-3 0.00 1,235,000.00 1.00000000 0.00 2-B-4 0.00 618,000.00 1.00000000 0.00 2-B-5 0.00 515,000.00 1.00000000 0.00 2-B-6 0.00 926,589.00 1.00000000 0.00 - --------------------------------------------------------------- Totals 3,786,687.52 493,092,655.65 0.95738811 3,786,687.52 - ---------------------------------------------------------------
(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) - ------------------------------------------------------------------------------------------ 1-A-1 148,641,000.00 950.94407478 0.00000000 3.70154439 0.00000000 0.00000000 1-A-2 150,000,000.00 976.23402493 0.00000000 4.10198413 0.00000000 0.00000000 1-X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-2 2,628,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-3 1,546,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-4 773,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-5 464,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-6 1,236,668.87 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 189,415,000.00 961.44288119 0.04988945 13.78844775 0.00000000 0.00000000 2-M-1 9,986,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 100.00 0.00000000 0.0000000 0.00000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-2 824,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-3 1,235,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-4 618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-5 515,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-6 926,589.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution - ---------------------------------------------------------------- 1-A-1 3.70154439 947.24253039 0.94724253 3.70154439 1-A-2 4.10198413 972.13204080 0.97213204 4.10198413 1-X-1A 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-2 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-3 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-4 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-5 0.00000000 1000.00000000 1.00000000 0.00000000 1-B-6 0.00000000 1000.00000000 1.00000000 0.00000000 2-A-1 13.83833720 947.60454399 0.94760454 13.83833720 2-M-1 0.00000000 1000.00000000 1.00000000 0.00000000 2-X-1 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-2 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-3 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-4 0.00000000 1000.00000000 1.00000000 0.00000000 2-B-5 0.00000000 1000.00000000 1.00000000 0.00000000 2-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 Current Certificate/ Current Original Face Certificate Notional Accrued Class Amount Rate Balance Interest - ----------------------------------------------------------------- 1-A-1 148,641,000.00 1.41000% 141,349,278.22 166,085.40 1-A-2 150,000,000.00 1.50000% 146,435,103.74 183,043.88 1-X-1A 0.00 0.90549% 66,747,523.28 50,366.18 1-X-1B 0.00 1.13061% 74,601,754.94 70,287.58 1-X-2 0.00 1.03765% 146,535,103.74 126,623.10 1-X-B 0.00 0.73686% 3,864,000.00 2,372.70 1-A-R 100.00 2.36096% 0.00 0.00 1-B-1 3,864,000.00 1.75000% 3,864,000.00 5,635.00 1-B-2 2,628,000.00 2.48621% 2,628,000.00 5,444.80 1-B-3 1,546,000.00 2.48621% 1,546,000.00 3,203.07 1-B-4 773,000.00 2.48621% 773,000.00 1,601.53 1-B-5 464,000.00 2.48621% 464,000.00 961.33 1-B-6 1,236,668.87 2.48621% 1,236,668.87 2,562.18 2-A-1 189,415,000.00 1.45000% 182,111,703.34 220,051.64 2-M-1 9,986,000.00 1.57000% 9,986,000.00 13,065.02 2-X-1 0.00 0.96013% 182,111,703.34 145,708.86 2-X-M 0.00 0.84013% 9,986,000.00 6,991.27 2-X-B 0.00 0.66013% 2,367,000.00 1,302.10 2-A-R 100.00 2.32136% 0.00 0.00 2-B-1 2,367,000.00 1.75000% 2,367,000.00 3,451.88 2-B-2 824,000.00 2.41013% 824,000.00 1,654.95 2-B-3 1,235,000.00 2.41013% 1,235,000.00 2,480.42 2-B-4 618,000.00 2.41013% 618,000.00 1,241.22 2-B-5 515,000.00 2.41013% 515,000.00 1,034.35 2-B-6 926,589.00 2.41013% 926,589.00 1,861.00 - ----------------------------------------------------------------- Totals 515,039,457.87 1,017,029.46 - ----------------------------------------------------------------- Payment of Non- Remaining Ending Unpaid Current Supported Unpaid Certificate/ Interest Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Shortfall Loss (4) Distribution Shortfall Balance - --------------------------------------------------------------------------------------------- 1-A-1 0.00 0.00 0.00 0.00 166,085.40 0.00 140,799,076.96 1-A-2 0.00 0.00 0.00 0.00 183,043.88 0.00 145,819,806.12 1-X-1A 0.00 0.00 0.00 0.00 50,366.18 0.00 66,688,139.29 1-X-1B 0.00 0.00 0.00 0.00 70,287.58 0.00 74,110,937.67 1-X-2 0.00 0.00 0.00 0.00 126,623.10 0.00 145,819,806.12 1-X-B 0.00 0.00 0.00 0.00 2,372.70 0.00 3,864,000.00 1-A-R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 0.00 0.00 0.00 0.00 5,635.00 0.00 3,864,000.00 1-B-2 0.00 0.00 0.00 0.00 5,444.80 0.00 2,628,000.00 1-B-3 0.00 0.00 0.00 0.00 3,203.07 0.00 1,546,000.00 1-B-4 0.00 0.00 0.00 0.00 1,601.53 0.00 773,000.00 1-B-5 0.00 0.00 0.00 0.00 961.33 0.00 464,000.00 1-B-6 0.00 0.00 0.00 0.00 2,562.18 0.00 1,236,668.87 2-A-1 0.00 0.00 0.00 0.00 220,051.64 0.00 179,490,514.70 2-M-1 0.00 0.00 0.00 0.00 13,065.02 0.00 9,986,000.00 2-X-1 0.00 0.00 0.00 0.00 145,708.86 0.00 179,490,514.70 2-X-M 0.00 0.00 0.00 0.00 6,991.27 0.00 9,986,000.00 2-X-B 0.00 0.00 0.00 0.00 1,302.10 0.00 2,367,000.00 2-A-R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 0.00 0.00 0.00 0.00 3,451.88 0.00 2,367,000.00 2-B-2 0.00 0.00 0.00 0.00 1,654.95 0.00 824,000.00 2-B-3 0.00 0.00 0.00 0.00 2,480.42 0.00 1,235,000.00 2-B-4 0.00 0.00 0.00 0.00 1,241.22 0.00 618,000.00 2-B-5 0.00 0.00 0.00 0.00 1,034.35 0.00 515,000.00 2-B-6 0.00 0.00 0.00 0.00 1,861.00 0.00 926,589.00 - --------------------------------------------------------------------------------------------- Totals 0.00 0.00 0.00 0.00 1,017,029.46 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 Non- Current Beginning Current Unpaid Current Supported Class (5) Original Face Certificate Certificate/ Accrued Interest Interest Interest Realized Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - -------------------------------------------------------------------------------------------------------------------- 1-A-1 148,641,000.00 1.41000% 950.94407478 1.11735928 0.00000000 0.00000000 0.00000000 0.00000000 1-A-2 150,000,000.00 1.50000% 976.23402493 1.22029253 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1A 0.00 0.90549% 948.64057362 0.71582284 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00 1.13061% 953.01457338 0.89790231 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00 1.03765% 976.23402493 0.84415400 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00 0.73686% 1000.00000000 0.61405280 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 2.36096% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1.75000% 1000.00000000 1.45833333 0.00000000 0.00000000 0.00000000 0.00000000 1-B-2 2,628,000.00 2.48621% 1000.00000000 2.07184170 0.00000000 0.00000000 0.00000000 0.00000000 1-B-3 1,546,000.00 2.48621% 1000.00000000 2.07184347 0.00000000 0.00000000 0.00000000 0.00000000 1-B-4 773,000.00 2.48621% 1000.00000000 2.07183700 0.00000000 0.00000000 0.00000000 0.00000000 1-B-5 464,000.00 2.48621% 1000.00000000 2.07183190 0.00000000 0.00000000 0.00000000 0.00000000 1-B-6 1,236,668.87 2.48621% 1000.00000000 2.07183997 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 189,415,000.00 1.45000% 961.44288119 1.16174347 0.00000000 0.00000000 0.00000000 0.00000000 2-M-1 9,986,000.00 1.57000% 1000.00000000 1.30833367 0.00000000 0.00000000 0.00000000 0.00000000 2-X-1 0.00 0.96013% 961.44288119 0.76925724 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00 0.84013% 000.00000000 0.70010715 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00 0.66013% 1000.00000000 0.55010562 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 100.00 2.32136% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1.75000% 1000.00000000 1.45833545 0.00000000 0.00000000 0.00000000 0.00000000 2-B-2 824,000.00 2.41013% 1000.00000000 2.00843447 0.00000000 0.00000000 0.00000000 0.00000000 2-B-3 1,235,000.00 2.41013% 1000.00000000 2.00843725 0.00000000 0.00000000 0.00000000 0.00000000 2-B-4 618,000.00 2.41013% 1000.00000000 2.00844660 0.00000000 0.00000000 0.00000000 0.00000000 2-B-5 515,000.00 2.41013% 1000.00000000 2.00844660 0.00000000 0.00000000 0.00000000 0.00000000 2-B-6 926,589.00 2.41013% 1000.00000000 2.00844171 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class (5) Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - ---------------------------------------------------------- 1-A-1 1.11735928 0.00000000 947.24253039 1-A-2 1.22029253 0.00000000 972.13204080 1-X-1A 0.71582284 0.00000000 947.79658632 1-X-1B 0.89790231 0.00000000 946.74453307 1-X-2 0.84415400 0.00000000 972.13204080 1-X-B 0.61405280 0.00000000 1000.00000000 1-A-R 0.00000000 0.00000000 0.00000000 1-B-1 1.45833333 0.00000000 1000.00000000 1-B-2 2.07184170 0.00000000 1000.00000000 1-B-3 2.07184347 0.00000000 1000.00000000 1-B-4 2.07183700 0.00000000 1000.00000000 1-B-5 2.07183190 0.00000000 1000.00000000 1-B-6 2.07183997 0.00000000 1000.00000000 2-A-1 1.16174347 0.00000000 947.60454399 2-M-1 1.30833367 0.00000000 1000.00000000 2-X-1 0.76925724 0.00000000 947.60454399 2-X-M 0.70010715 0.00000000 1000.00000000 2-X-B 0.55010562 0.00000000 1000.00000000 2-A-R 0.00000000 0.00000000 0.00000000 2-B-1 1.45833545 0.00000000 1000.00000000 2-B-2 2.00843447 0.00000000 1000.00000000 2-B-3 2.00843725 0.00000000 1000.00000000 2-B-4 2.00844660 0.00000000 1000.00000000 2-B-5 2.00844660 0.00000000 1000.00000000 2-B-6 2.00844171 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 4,949,347.83 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 4,949,347.83 Withdrawals Reimbursement for Servicer Advances 1,732.37 Payment of Service Fee 143,898.48 Payment of Interest and Principal 4,803,716.98 ------------ Total Withdrawals (Pool Distribution Amount) 4,949,347.83 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 142,863.33 Master Servicing Fee 1,035.15 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 143,898.48 ==========
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 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%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
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 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 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 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 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 2.803721% Weighted Average Net Coupon 2.458696% Weighted Average Pass-Through Rate 2.456196% Weighted Average Maturity (Stepdown Calculation) 317 Beginning Scheduled Collateral Loan Count 1,019 Number of Loans Paid in Full 4 Ending Scheduled Collateral Loan Count 1,015 Beginning Scheduled Collateral Balance 496,879,343.92 Ending Scheduled Collateral Balance 493,092,656.40 Ending Actual Collateral Balance at 30-Jan-2004 493,092,656.40 Monthly P&I Constant 1,170,375.68 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 493,092,656.40 Scheduled Principal 9,449.81 Unscheduled Principal 3,777,237.71
MISCELLANEOUS REPORTING Group 1A Pro Rata Senior Percentage 96.430646% Group 1B Pro Rata Senior Percentage 96.520007% Group 2 Pro Rata Senior Percentage 91.705450% 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 1 Month 6 Month 6 Month 1 Month Collateral Description LIBOR ARM LIBOR ARM LIBOR ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.692993 2.918105 2.915145 2.712629 2.803721 Weighted Average Net Rate 2.317993 2.543105 2.540146 2.412629 2.458696 Pass-Through Rate 2.315493 2.540605 2.537645 2.410128 2.456196 Weighted Average Maturity 293 293 293 346 317 Record Date 01/30/2004 01/30/2004 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 155,336.70 188,128.07 368,558.85 458,352.06 1,170,375.68 Beginning Loan Count 156 234 419 210 1,019 Loans Paid in Full 0 1 2 1 4 Ending Loan Count 156 233 417 209 1,015 Beginning Scheduled Balance 69,218,164.66 77,363,118.56 151,714,767.61 198,583,293.09 496,879,343.92 Ending Scheduled Balance 69,166,228.53 76,864,853.43 151,099,469.99 195,962,104.45 493,092,656.40 Scheduled Principal 0.00 0.00 0.00 9,449.81 9,449.81 Unscheduled Principal 51,936.13 498,265.13 615,297.62 2,611,738,83 3,777,237.71 Scheduled Interest 155,336.70 188,128.07 368,558.85 448,902.25 1,160,925.87 Servicing Fee 21,630.68 24,175.97 47,410.86 49,645.82 142,863.33 Master Servicing Fee 0.00 0.00 0.00 0.00 0.00 Trustee Fee 144.20 161.17 316.07 413.71 1,035.15 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 133,561.82 163,790.93 320,831.92 398,842.72 1,017,027.39 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