Wells Fargo Bank Minnesota, N.A. SMT Series 2003-6 Certificateholder Distribution Statement (January 30, 2004 Record Date)

Contract Categories: Business Operations › Distribution Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A., as Certificate Administrator, for holders of asset-backed securities in the SMT Series 2003-6 trust. It details the interest and principal payments made to certificateholders as of the January 30, 2004 record date, with distributions occurring on February 20, 2004. The statement includes payment amounts, outstanding balances, and loss information for each class of certificates, in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 3 f97116eexv10w1.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 2003-6 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 81743PCX2 SEN 1.41000% 442,787,398.59 520,275.19 3,186,115.44 X-1 81743PCZ7 IO 0.80000% 0.00 380,616.08 0.00 A-2 81743PCY0 SEN 1.55125% 176,037,864.88 227,565.62 1,073,707.52 X-2 81743PDA1 IO 0.44857% 0.00 231,320.25 0.00 B-1 81743PDD5 SUB 1.68000% 11,287,000.00 15,801.80 0.00 X-B 81743PDB9 IO 0.95678% 0.00 8,999.29 0.00 B-2 81743PDE3 SUB 2.63678% 5,643,000.00 12,399.44 0.00 B-3 81743PDF0 SUB 2.63678% 3,320,000.00 7,295.08 0.00 B-4 81743PDG8 SUB 2.63678% 1,660,000.00 3,647.54 0.00 B-5 81743PDH6 SUB 2.63678% 996,000.00 2,188.52 0.00 B-6 81743PDJ2 SUB 2.63678% 2,323,950.00 5,106.45 0.00 A-R 81743PDC7 RES 2.62135% 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------- Totals 644,055,213.47 1,415,215.26 4,259,822.96 - -------------------------------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----------------------------------------------------------------------------------------- A-1 81743PCX2 0.00 439,601,283.15 3,706,390.63 0.00 X-1 81743PCZ7 0.00 0.00 380,616.08 0.00 A-2 81743PCY0 0.00 174,964,157.36 1,301,273.14 0.00 X-2 81743PDA1 0.00 0.00 231,320.25 0.00 B-1 81743PDD5 0.00 11,287,000.00 15,801.80 0.00 X-B 81743PDB9 0.00 0.00 8,999.29 0.00 B-2 81743PDE3 0.00 5,643,000.00 12,399.44 0.00 B-3 81743PDF0 0.00 3,320,000.00 7,295.08 0.00 B-4 81743PDG8 0.00 1,660,000.00 3,647.54 0.00 B-5 81743PDH6 0.00 996,000.00 2,188.52 0.00 B-6 81743PDJ2 0.00 2,323,950.00 5,106.45 0.00 A-R 81743PDC7 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------- Totals 0.00 639,795,390.51 5,675,038.22 0.00 - -----------------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----------------------------------------------------------------------------------------------- A-1 458,238,000.00 442,787,398.59 640.98 3,185,474.46 0.00 X-1 0.00 0.00 0.00 0.00 0.00 A-2 180,474,000.00 176,037,864.88 400.64 1,073,306.88 0.00 X-2 0.00 0.00 0.00 0.00 0.00 B-1 11,287,000.00 11,287,000.00 0.00 0.00 0.00 B-2 5,643,000.00 5,643,000.00 0.00 0.00 0.00 B-3 3,320,000.00 3,320,000.00 0.00 0.00 0.00 B-4 1,660,000.00 1,660,000.00 0.00 0.00 0.00 B-5 996,000.00 996,000.00 0.00 0.00 0.00 B-6 2,323,950.00 2,323,950.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------- Totals 663,942,050.00 644,055,213.47 1,041.62 4,258,781.34 0.00 - ----------------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------------- A-1 0.00 3,186,115.44 439,601,283.15 0.95932961 3,186,115.44 X-1 0.00 0.00 0.00 0.00000000 0.00 A-2 0.00 1,073,707.52 174,964,157.36 0.96947016 1,073,707.52 X-2 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 11,287,000.00 1.00000000 0.00 B-2 0.00 0.00 5,643,000.00 1.00000000 0.00 B-3 0.00 0.00 3,320,000.00 1.00000000 0.00 B-4 0.00 0.00 1,660,000.00 1.00000000 0.00 B-5 0.00 0.00 996,000.00 1.00000000 0.00 B-6 0.00 0.00 2,323,950.00 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 - ------------------------------------------------------------------------------------------------------- Totals 0.00 4,259,822.96 639,795,390.51 0.96363137 4,259,822.96 - -------------------------------------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ---------------------------------------------------------------------------------------- A-1 458,238,000.00 966.28258370 0.00139879 6.95157202 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 180,474,000.00 975.41953345 0.00221993 5.94715516 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 996,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,323,950.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 - ---------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------------- A-1 0.00000000 6.95297081 959.32961289 0.95932961 6.95297081 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 5.94937509 969.47015836 0.96947016 5.94937509 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 A-R 0.00000000 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-1 458,238,000.00 1.41000% 442,787,398.59 520,275.19 0.00 0.00 X-1 0.00 0.80000% 570,924,121.28 380,616.08 0.00 0.00 A-2 180,474,000.00 1.55125% 176,037,864.88 227,565.61 0.00 0.00 X-2 0.00 0.44857% 618,825,263.47 231,320.25 0.00 0.00 B-1 11,287,000.00 1.68000% 11,287,000.00 15,801.80 0.00 0.00 X-B 0.00 0.95678% 11,287,000.00 8,999.29 0.00 0.00 B-2 5,643,000.00 2.63678% 5,643,000.00 12,399.44 0.00 0.00 B-3 3,320,000.00 2.63678% 3,320,000.00 7,295.08 0.00 0.00 B-4 1,660,000.00 2.63678% 1,660,000.00 3,647.54 0.00 0.00 B-5 996,000.00 2.63678% 996,000.00 2,188.52 0.00 0.00 B-6 2,323,950.00 2.63678% 2,323,950.00 5,106.45 0.00 0.00 A-R 100.00 2.62135% 0.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------------------------------------- Totals 663,942,050.00 1,415,215.25 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 0.00 520,275.19 0.00 439,601,283.15 X-1 0.00 0.00 380,616.08 0.00 549,902,617.37 A-2 0.00 0.00 227,565.62 0.00 174,964,157.36 X-2 0.00 0.00 231,320.25 0.00 614,565,440.51 B-1 0.00 0.00 15,801.80 0.00 11,287,000.00 X-B 0.00 0.00 8,999.29 0.00 11,287,000.00 B-2 0.00 0.00 12,399.44 0.00 5,643,000.00 B-3 0.00 0.00 7,295.08 0.00 3,320,000.00 B-4 0.00 0.00 3,647.54 0.00 1,660,000.00 B-5 0.00 0.00 2,188.52 0.00 996,000.00 B-6 0.00 0.00 5,106.45 0.00 2,323,950.00 A-R 0.00 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------- Totals 0.00 0.00 1,415,215.26 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-1 458,238,000.00 1.41000% 966.28258370 1.13538203 0.00000000 0.00000000 X-1 0.00 0.80000% 893.86784855 0.59591190 0.00000000 0.00000000 A-2 180,474,000.00 1.55125% 975.41953345 1.26093293 0.00000000 0.00000000 X-2 0.00 0.44857% 968.86431360 0.36216675 0.00000000 0.00000000 B-1 11,287,000.00 1.68000% 1000.00000000 1.40000000 0.00000000 0.00000000 X-B 0.00 0.95678% 1000.00000000 0.79731461 0.00000000 0.00000000 B-2 5,643,000.00 2.63678% 1000.00000000 2.19731349 0.00000000 0.00000000 B-3 3,320,000.00 2.63678% 1000.00000000 2.19731325 0.00000000 0.00000000 B-4 1,660,000.00 2.63678% 1000.00000000 2.19731325 0.00000000 0.00000000 B-5 996,000.00 2.63678% 1000.00000000 2.19730924 0.00000000 0.00000000 B-6 2,323,950.00 2.63678% 1000.00000000 2.19731492 0.00000000 0.00000000 A-R 100.00 2.62135% 0.00000000 0.00000000 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 1.13538203 0.00000000 959.32961289 X-1 0.00000000 0.00000000 0.59591190 0.00000000 860.95551261 A-2 0.00000000 0.00000000 1.26093299 0.00000000 969.47015836 X-2 0.00000000 0.00000000 0.36216675 0.00000000 962.19491807 B-1 0.00000000 0.00000000 1.40000000 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.79731461 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.19731349 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.19731325 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.19731325 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.19730924 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.19731492 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - -----------------------------------------------------------------------------------------------
(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 5,851,714.49 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 17,938.73 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 5,869,653.22 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 194,615.00 Payment of Interest and Principal 5,675,038.22 ------------ Total Withdrawals (Pool Distribution Amount) 5,869,653.22 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 189,247.87 Master Servicing Fee 5,367.13 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 194,615.00 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------------------- Class A-1 Companion Sub Account 4,000.00 0.00 0.00 4,000.00 Class A-1 NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class A-2 Companion Sub Account 500.00 0.00 0.00 500.00 Class A-2 NAS Sub Account 2,000.00 0.00 0.00 2,000.00 Class B-1 Sub Account 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 14 7,184,767.58 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 360,984.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 87,500.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 1 100,000.00 120 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 1 165,294.32 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------ -------------------- -------------------- 19 7,898,545.90 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 0.755532% 1.122978% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.107933% 0.056422% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.053967% 0.013676% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.053967% 0.015630% 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 0.053967% 0.025835% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------------ -------------------- -------------------- 1.025364% 1.234541% 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 14 7,184,767.58 60 Days 0 0.00 60 Days 2 360,984.00 90 Days 0 0.00 90 Days 1 87,500.00 120 Days 0 0.00 120 Days 1 100,000.00 150 Days 0 0.00 150 Days 0. 0.00 180+ Days 0 0.00 180+ Days 1 165,294.32 -------------------- ------------------------ 0 0.00 19 7,898,545.90 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 0.755532% 1.122978% 60 Days 0.000000% 0.000000% 60 Days 0.107933% 0.056422% 90 Days 0.000000% 0.000000% 90 Days 0.053967% 0.013676% 120 Days 0.000000% 0.000000% 120 Days 0.053967% 0.015630% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.053967% 0.025835% -------------------- --------------------- 0.000000% 0.000000% 1.025364% 1.234541%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 17,938.73
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 25,229,950.00 3.80002806% 25,229,950.00 3.94344041% 96.056560% 0.000000% Class X-1 25,229,950.00 3.80002806% 25,229,950.00 3.94344041% 0.000000% 0.000000% Class X-2 25,229,950.00 3.80002806% 25,229,950.00 3.94344041% 0.000000% 0.000000% Class B-1 13,942,950.00 2.10002799% 13,942,950.00 2.17928266% 1.764158% 44.736514% Class B-2 8,299,950.00 1.25010327% 8,299,950.00 1.29728193% 0.882001% 22.366275% Class B-3 4,979,950.00 0.75005895% 4,979,950.00 0.77836603% 0.518916% 13.158964% Class B-4 3,319,950.00 0.50003679% 3,319,950.00 0.51890808% 0.259458% 6.579482% Class B-5 2,323,950.00 0.35002349% 2,323,950.00 0.36323331% 0.155675% 3.947689% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.363233% 9.211077%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- POOL 1 - 1 MONTH No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 504,336.66 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- -------------------- -------------------- 1 504,336.66 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 0.564972% 0.722686% 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% --------------------- -------------------- -------------------- 0.564972% 0.722686% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ---------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 504,336.66 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------- --------------------- 0 0.00 1 504,336.66 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 0.564972% 0.722686% 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% 0.564972% 0.722686%
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------------------------- POOL 1 - 6 MONTH 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 8 4,830,656.53 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 360,984.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 87,500.00 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 ---------------------- ------------------- ---------------- 11 5,279,140.53 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 0.696864% 1.245283% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.174216% 0.093057% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.087108% 0.022556% 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% --------------------- ------------------------ -------------------- 0.958188% 1.360897% 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 8 4,830,656.53 60 Days 0 0.00 60 Days 2 360,984.00 90 Days 0 0.00 90 Days 1 87,500.00 120 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 11 5,279,140.53 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 0.696864% 1.245283% 60 Days 0.000000% 0.000000% 60 Days 0.174216% 0.093057% 90 Days 0.000000% 0.000000% 90 Days 0.087108% 0.022556% 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% 0.958188% 1.360897%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- POOL 2 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 5 1,849,774.39 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 1 100,000.00 120 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 1 165,294.32 180+ Days 0 0.00 180+ Days 0 0.00 ---------------------- ------------------ ----------------- 7 2,115,068.71 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 0.946970% 1.015838% 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 0.189394% 0.054917% 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 0.189394% 0.090774% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- -------------------- -------------------- 1.325758% 1.161529% 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 5 1,849,774.39 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 1 100,000.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 1 165,294.32 ------------------- ---------------------- 0 0.00 7 2,115,068.71 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 0.946970% 1.015838% 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 0.189394% 0.054917% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.189394% 0.090774% -------------------- --------------------- 0.000000% 0.000000% 1.325758% 1.161529%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.999427% Weighted Average Net Coupon 2.646821% Weighted Average Pass-Through Rate 2.636821% Weighted Average Maturity (Stepdown Calculation) 325 Beginning Scheduled Collateral Loan Count 1,862 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 1,853 Beginning Scheduled Collateral Balance 644,055,213.66 Ending Scheduled Collateral Balance 639,795,390.70 Ending Actual Collateral Balance at 30-Jan-2004 639,796,082.97 Monthly P&I Constant 1,610,871.90 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,619,600.10 Ending Scheduled Balance for Premium Loans 639,795,390.70 Scheduled Principal 1,041.62 Unscheduled Principal 4,258,781.34
GROUP POOL 1 - 1 MONTH POOL 1 - 6 MONTH POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.856956 3.015840 3.018759 2.999427 Weighted Average Net Rate 2.515779 2.662236 2.663923 2.646821 Pass-Through Rate 2.505779 2.652236 2.653923 2.636821 Weighted Average Maturity 310 326 331 325 Record Date 01/30/2004 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 166,643.99 983,047.10 461,180.81 1,610,871.90 Beginning Loan Count 177 1,155 530 1,862 Loans Paid in Full 0 7 2 9 Ending Loan Count 177 1,148 528 1,853 Beginning Scheduled Balance 69,899,430.93 390,989,032.52 183,166,750.21 644,055,213.66 Ending Scheduled Balance 69,786,303.53 387,916,044.48 182,093,042.69 639,795,390.70 Scheduled Principal 227.67 413.31 400.64 1,041.62 Unscheduled Principal 112,899.73 3,072,574.73 1,073,306.88 4,258,781.34 Scheduled Interest 166,416.32 982,633.79 460,780.17 1,609,830.28 Servicing Fee 19,873.38 115,212.79 54,161.70 189,247.87 Master Servicing Fee 582.49 3,258.25 1,526.39 5,367.13 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 145,960.45 864,162.75 405,092.08 1,415,215.28 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 Pool 1 - 1 Month 1 Month LIBOR Loan Balance 69,786,303.53 6 Month LIBOR Loan Balance 387,916,044.48 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 96.072571% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000% Group 1 - 6 Month 6 Month LIBOR Loan Balance 182,093,042.69 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 96.107981% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000%