Wells Fargo Bank Minnesota, N.A. SMT Series 2003-7 Certificateholder Distribution Statement (January 2004)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-7 trust. It summarizes the principal and interest payments made to certificateholders as of the January 30, 2004 record date and February 20, 2004 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

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EX-10.1 3 f97116dexv10w1.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: JANUARY 30, 2004 DISTRIBUTION DATE: FEBRUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ------------------------------------------------------------------------------------------------------------- A-1 81743PDK9 SEN 1.42000% 286,039,508.41 338,480.08 3,261,226.43 A-2 81743PDL7 SEN 1.57375% 498,119,150.17 653,262.51 2,865,417.44 X-1 81743PDM5 IO 0.80000% 0.00 494,125.32 0.00 X-2 81743PDN3 IO 0.40019% 0.00 261,507.44 0.00 A-R 81743PDQ6 RES 2.62966% 0.00 0.00 0.00 B-1 81743PDR4 SUB 1.65000% 16,607,000.00 22,834.62 0.00 B-2 81743PDS2 SUB 2.67402% 6,642,000.00 14,800.68 0.00 B-3 81743PDT0 SUB 2.67402% 4,982,000.00 11,101.62 0.00 B-4 SMT0307B4 SUB 2.67402% 2,490,000.00 5,548.58 0.00 B-5 SMT0307B5 SUB 2.67402% 1,660,000.00 3,699.06 0.00 B-6 SMT0307B6 SUB 2.67402% 2,910,544.86 6,485.70 0.00 X-B 81743PDP8 IO 1.02402% 0.00 14,171.52 0.00 - ------------------------------------------------------------------------------------------------------------- Totals 819,450,203.44 1,826,017.13 6,126,643.87 - ------------------------------------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------ A-1 81743PDK9 0.00 282,778,281.98 3,599,706.51 0.00 A-2 81743PDL7 0.00 495,253,732.73 3,518,679.95 0.00 X-1 81743PDM5 0.00 0.00 494,125.32 0.00 X-2 81743PDN3 0.00 0.00 261,507.44 0.00 A-R 81743PDQ6 0.00 0.00 0.00 0.00 B-1 81743PDR4 0.00 16,607,000.00 22,834.62 0.00 B-2 81743PDS2 0.00 6,642,000.00 14,800.68 0.00 B-3 81743PDT0 0.00 4,982,000.00 11,101.62 0.00 B-4 SMT0307B4 0.00 2,490,000.00 5,548.58 0.00 B-5 SMT0307B5 0.00 1,660,000.00 3,699.06 0.00 B-6 SMT0307B6 0.00 2,910,544.86 6,485.70 0.00 X-B 81743PDP8 0.00 0.00 14,171.52 0.00 - -------------------------------------------------------------------------------------------- Totals 0.00 813,323,559.57 7,952,661.00 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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction - -------------------------------------------------------------------------------------------------------------- A-1 290,000,000.00 286,039,508.41 0.00 3,261,226.43 0.00 0.00 3,261,226.43 A-2 505,100,000.00 498,119,150.17 0.00 2,865,417.44 0.00 0.00 2,865,417.44 X-1 0.00 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 0.00 A-R 100.00 0.00 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 0.00 B-2 6,642,000.00 6,642,000.00 0.00 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 0.00 B-4 2,490,000.00 2,490,000.00 0.00 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 0.00 B-6 2,910,544.86 2,910,544.86 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------------- Totals 830,391,644.86 819,450,203.44 0.00 6,126,643.87 0.00 0.00 6,126,643.87 - -------------------------------------------------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----------------------------------------------------------------- A-1 282,778,281.98 0.97509752 3,261,226.43 A-2 495,253,732.73 0.98050630 2,865,417.44 X-1 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 16,607,000.00 1.00000000 0.00 B-2 6,642,000.00 1.00000000 0.00 B-3 4,982,000.00 1.00000000 0.00 B-4 2,490,000.00 1.00000000 0.00 B-5 1,660,000.00 1.00000000 0.00 B-6 2,910,544.86 1.00000000 0.00 X-B 0.00 0.00000000 0.00 - ----------------------------------------------------------------- Totals 813,323,559.57 0.97944574 6,126,643.87 - -----------------------------------------------------------------
(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-1 290,000,000.00 986.34313245 0.00000000 11.24560838 0.00000000 0.00000000 A-2 505,100,000.00 986.17927177 0.00000000 5.67297058 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 11.24560838 975.09752407 0.97509752 11.24560838 A-2 5.67297058 980.50630119 0.98050630 5.67297058 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 1.42000% 286,039,508.41 338,480.08 0.00 0.00 A-2 505,100,000.00 1.57375% 498,119,150.17 653,262.51 0.00 0.00 X-1 0.00 0.80000% 741,187,985.51 494,125.32 0.00 0.00 X-2 0.00 0.40019% 784,158,658.58 261,507.44 0.00 0.00 A-R 100.00 2.62966% 0.00 0.00 0.00 0.00 B-1 16,607,000.00 1.65000% 16,607,000.00 22,834.63 0.00 0.00 B-2 6,642,000.00 2.67402% 6,642,000.00 14,800.68 0.00 0.00 B-3 4,982,000.00 2.67402% 4,982,000.00 11,101.62 0.00 0.00 B-4 2,490,000.00 2.67402% 2,490,000.00 5,548.58 0.00 0.00 B-5 1,660,000.00 2.67402% 1,660,000.00 3,699.06 0.00 0.00 B-6 2,910,544.86 2.67402% 2,910,544.86 6,485.70 0.00 0.00 X-B 0.00 1.02402% 16,607,000.00 14,171.52 0.00 0.00 - ------------------------------------------------------------------------------------------------------- Totals 830,391,644.86 1,826,017.14 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 0.00 338,480.08 0.00 282,778,281.98 A-2 0.00 0.00 653,262.51 0.00 495,253,732.73 X-1 0.00 0.00 494,125.32 0.00 713,807,869.75 X-2 0.00 0.00 261,507.44 0.00 778,032,014.71 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,834.62 0.00 16,607,000.00 B-2 0.00 0.00 14,800.68 0.00 6,642,000.00 B-3 0.00 0.00 11,101.62 0.00 4,982,000.00 B-4 0.00 0.00 5,548.58 0.00 2,490,000.00 B-5 0.00 0.00 3,699.06 0.00 1,660,000.00 B-6 0.00 0.00 6,485.70 0.00 2,910,544.86 X-B 0.00 0.00 14,171.52 0.00 16,607,000.00 - -------------------------------------------------------------------------------- Totals 0.00 0.00 1,826,017.13 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 Unpaid Current Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----------------------------------------------------------------------------------------------------------------------------------- A-1 290,000,000.00 1.42000% 986.34313245 1.16717269 0.00000000 0.00000000 0.00000000 0.00000000 A-2 505,100,000.00 1.57375% 986.17927177 1.29333302 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 932.19467427 0.62146311 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.40019% 986.23903733 0.32889881 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.62966% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,607,000.00 1.65000% 1000.00000000 1.37500030 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,642,000.00 2.67402% 1000.00000000 2.22834688 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,982,000.00 2.67402% 1000.00000000 2.22834605 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,490,000.00 2.67402% 1000.00000000 2.22834538 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,660,000.00 2.67402% 1000.00000000 2.22834940 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,910,544.86 2.67402% 1000.00000000 2.22834566 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.02402% 1000.00000000 0.85334618 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------- Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - -------------------------------------------------------------- A-1 1.16717269 0.00000000 975.09752407 A-2 1.29333302 0.00000000 980.50630119 X-1 0.62146311 0.00000000 897.75860867 X-2 0.32889881 0.00000000 978.53353630 A-R 0.00000000 0.00000000 0.00000000 B-1 1.37499970 0.00000000 1000.00000000 B-2 2.22834688 0.00000000 1000.00000000 B-3 2.22834605 0.00000000 1000.00000000 B-4 2.22834538 0.00000000 1000.00000000 B-5 2.22834940 0.00000000 1000.00000000 B-6 2.22834566 0.00000000 1000.00000000 X-B 0.85334618 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 8,217,837.47 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 19,946.48 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,237,783.95 Withdrawals Reimbursement for Servicer Advances 24,606.08 Payment of Service Fee 260,516.87 Payment of Interest and Principal 7,952,661.00 ------------ Total Withdrawals (Pool Distribution Amount) 8,237,783.95 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 256,078.18 Master Servicing Fee 4,438.69 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 260,516.87 ==========
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 20 8,286,073.14 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 485,300.00 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 8,771,373.14 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 0.826105% 1.018789% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.123916% 0.059669% 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% --------------------- -------------------- -------------------- 0.950021% 1.078457% 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 20 8,286,073.14 60 Days 0 0.00 60 Days 3 485,300.00 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 8,771,373.14 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 0.826105% 1.018789% 60 Days 0.000000% 0.000000% 60 Days 0.123916% 0.059669% 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% 0.950021% 1.078457%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 19,946.48
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 4.33917651% 95.660823% 0.000000% Class X-1 35,291,544.86 4.24998795% 35,291,544.86 4.33917651% 0.000000% 0.000000% Class X-2 35,291,544.86 4.24998795% 35,291,544.86 4.33917651% 0.000000% 0.000000% Class B-1 18,684,544.86 2.25008825% 18,684,544.68 2.29730771% 2.041869% 47.056597% Class B-2 12,042,544.86 1.45022471% 12,042,544.68 1.48065855% 0.816649% 18.820372% Class B-3 7,060,544.86 0.85026685% 7,060,544.86 0.86811021% 0.612548% 14.116696% Class B-4 4,750,544.86 0.55040834% 4,570,544.86 0.56195899% 0.306151% 7.055514% Class B-5 2,910,544.86 0.35050267% 2,910,544.86 0.35785818% 0.204101% 4.703676% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.357858% 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 2 1,149,200.00 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 ------------------------ ---------------------- ---------------------- 2 1,149,200.00 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 0.833333% 1.244851% 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% --------------------- -------------------- -------------------- 0.833333% 1.244851% 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 1,149,200.00 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 2 1,149,200.00 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 0.833333% 1.244851% 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% 0.833333% 1.244851%
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 7 2,706,073.83 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 108,000.00 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 ------------------------ ---------------------- ---------------------- 8 2,814,073.83 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 1.121795% 1.330840% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.160256% 0.053114% 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% --------------------- -------------------- -------------------- 1.282051% 1.383954% 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 7 2,706,073.83 60 Days 0 0.00 60 Days 1 108,000.00 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 8 2,814,073.83 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 1.121795% 1.330840% 60 Days 0.000000% 0.000000% 60 Days 0.160256% 0.053114% 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% 1.282051% 1.383954%
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 11 4,430,799.31 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 377,300.00 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 ------------------------ ---------------------- ---------------------- 13 4,808,099.31 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 0.706487% 0.855905% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.128452% 0.072884% 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% --------------------- -------------------- -------------------- 0.834939% 0.928789% 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 11 4,430,799.31 60 Days 0 0.00 60 Days 2 377,300.00 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 13 4,808,099.31 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 0.706487% 0.855905% 60 Days 0.000000% 0.000000% 60 Days 0.128452% 0.072884% 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% 0.834939% 0.928789%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.055513% Weighted Average Net Coupon 2.680513% Weighted Average Pass-Through Rate 2.674013% Weighted Average Maturity (Stepdown Calculation) 349 Beginning Scheduled Collateral Loan Count 2,434 Number of Loans Paid in Full 13 Ending Scheduled Collateral Loan Count 2,421 Beginning Scheduled Collateral Balance 819,450,203.48 Ending Scheduled Collateral Balance 813,323,559.61 Ending Actual Collateral Balance at 30-Jan-2004 813,325,949.32 Monthly P&I Constant 2,086,534.02 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,874,019.23 Ending Scheduled Balance for Premium Loans 813,323,559.61 Scheduled Principal 0.00 Unscheduled Principal 6,126,643.87
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 2.849712 3.086038 3.080077 3.055513 Weighted Average Net Rate 2.474712 2.711038 2.705077 2.680513 Pass-Through Rate 2.468212 2.704538 2.698577 2.674013 Weighted Average Maturity 325 352 352 349 Record Date 01/30/2004 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 220,174.81 530,276.30 1,336,082.91 2,086,534.02 Beginning Loan Count 242 629 1,563 2,434 Loans Paid in Full 2 5 6 13 Ending Loan Count 240 624 1,557 2,421 Beginning Scheduled Balance 92,714,547.27 206,196,923.80 520,538,732.41 819,450,203.48 Ending Scheduled Balance 92,315,962.14 203,334,282.50 517,673,314.97 813,323,559.61 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 398,585.13 2,862,641.30 2,865,417.44 6,126,643.87 Scheduled Interest 220,174.81 530,276.30 1,336,082.91 2,086,534.02 Servicing Fee 28,973.29 64,436.54 162,668.35 256,078.18 Master Servicing Fee 502.20 1,116.90 2,819.59 4,438.69 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 190,699.32 464,722.86 1,170,594.97 1,826,017.15 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 95.693721% 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 95.693004% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Prefunding Balance 0.00