Certificateholder Distribution Summary for SMT Series 2003-1 Administered by Wells Fargo Bank Minnesota, N.A.

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Summary

This document is a distribution summary for certificateholders of the SMT Series 2003-1, prepared by Wells Fargo Bank Minnesota, N.A. It details the interest and principal payments made to holders of various classes of certificates as of January 30, 2004, with distributions occurring on February 20, 2004. The summary includes beginning balances, distribution amounts, and ending balances for each class, as well as information on realized losses and principal reductions. All calculations are made in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 3 f97116mexv10w1.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 2003-1 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 ----- ----- ----------- ------- ---- ------- ------------ ------------ 1A 81743PAA4 SEN 1.48000% 700,288,217.43 863,688.80 7,290,798.04 2A 81743PAB2 SEN 1.59000% 168,765,678.89 223,614.52 2,246,816.66 X-1A 81743PAC0 IO 0.92174% 0.00 122,790.97 0.00 X-1B 81743PAD8 IO 1.12426% 0.00 506,317.45 0.00 X-2 81743PAE6 IO 1.02525% 0.00 144,188.45 0.00 X-B 81743PAF3 IO 0.58903% 0.00 7,807.08 0.00 A-R 81743PAG1 R 2.74482% 0.00 0.00 0.00 B-1 81743PAH9 SUB 1.98000% 15,905,000.00 26,243.25 0.00 B-2 81743PAJ5 SUB 2.56903% 8,210,000.00 17,576.44 0.00 B-3 81743PAK2 SUB 2.56903% 5,644,000.00 12,083.00 0.00 B-4 SEQ0301B4 SUB 2.56903% 2,565,000.00 5,491.30 0.00 B-5 SEQ0301B5 SUB 2.56903% 1,539,000.00 3,294.78 0.00 B-6 SEQ0301B6 SUB 2.56903% 4,105,618.00 8,789.54 0.00 Totals 907,022,514.32 1,941,885.58 9,537,614.70
Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss ----- ----- ------------- ------- ------------ ------------- 1A 81743PAA4 0.00 692,997,419.39 8,154,486.84 0.00 2A 81743PAB2 0.00 166,518,862.23 2,470,431.18 0.00 X-1A 81743PAC0 0.00 0.00 122,790.97 0.00 X-1B 81743PAD8 0.00 0.00 506,317.45 0.00 X-2 81743PAE6 0.00 0.00 144,188.45 0.00 X-B 81743PAF3 0.00 0.00 7,807.08 0.00 A-R 81743PAG1 0.00 0.00 0.00 0.00 B-1 81743PAH9 0.00 15,905,000.00 26,243.25 0.00 B-2 81743PAJ5 0.00 8,210,000.00 17,576.44 0.00 B-3 81743PAK2 0.00 5,644,000.00 12,083.00 0.00 B-4 SEQ0301B4 0.00 2,565,000.00 5,491.30 0.00 B-5 SEQ0301B5 0.00 1,539,000.00 3,294.78 0.00 B-6 SEQ0301B6 0.00 4,105,618.00 8,789.54 0.00 Totals 0.00 897,484,899.62 11,479,500.28 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) - --------------------------------------------------------------------------------------------------- 1A 798,206,000.00 700,288,217.43 0.00 7,290,798.04 0.00 0.00 2A 190,000,000.00 168,765,678.89 0.00 2,246,816.66 0.00 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 0.00 X-1B 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 X-B 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 Totals 1,026,174,718.00 907,022,514.32 0.00 9,537,614.70 0.00 0.00
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------ 1A 7,290,798.04 692,997,419.39 0.86819370 7,290,798.04 2A 2,246,816.66 166,518,862.23 0.87641506 2,246,816.66 X-1A 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 15,905,000.00 1.00000000 0.00 B-2 0.00 8,210,000.00 1.00000000 0.00 B-3 0.00 5,644,000.00 1.00000000 0.00 B-4 0.00 2,565,000.00 1.00000000 0.00 B-5 0.00 1,539,000.00 1.00000000 0.00 B-6 0.00 4,105,618.00 1.00000000 0.00 Totals 9,537,614.70 897,484,899.62 0.87459268 9,537,614.70
(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) - ------------------------------------------------------------------------------------------------------ 1A 798,206,000.00 877.32767911 0.00000000 9.13398050 0.00000000 0.00000000 2A 190,000,000.00 888.24041521 0.00000000 11.82535084 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 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 X-B 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 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------- 1A 9.13398050 868.19369861 0.86819370 9.13398050 2A 11.82535084 876.41506437 0.87641506 11.82535084 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 X-B 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
(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 Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - -------------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 700,288,217.43 863,688.80 0.00 0.00 0.00 0.00 2A 190,000,000.00 1.59000% 168,765,678.89 223,614.52 0.00 0.00 0.00 0.00 X-1A 0.00 0.92174% 159,860,510.23 122,790.97 0.00 0.00 0.00 0.00 X-1B 0.00 1.12426% 540,427,708.19 506,317.46 0.00 0.00 0.00 0.00 X-2 0.00 1.02525% 168,765,678.89 144,188.46 0.00 0.00 0.00 0.00 X-B 0.00 0.58903% 15,905,000.00 7,807.08 0.00 0.00 0.00 0.00 A-R 100.00 2.74482% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 1.98000% 15,905,000.00 26,243.35 0.00 0.00 0.00 0.00 B-2 8,210,000.00 2.56903% 8,210,000.00 17,576.44 0.00 0.00 0.00 0.00 B-3 5,644,000.00 2.56903% 5,644,000.00 12,083.00 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2.56903% 2,565,000.00 5,491.30 0.00 0.00 0.00 0.00 B-5 1,539,000.00 2.56903% 1,539,000.00 3,294.78 0.00 0.00 0.00 0.00 B-6 4,105,618.00 2.56903% 4,105,618.00 8,789.54 0.00 0.00 0.00 0.00 Totals 1,026,174,718.00 1,941,885.60 0.00 0.00 0.00 0.00
Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - -------------------------------------------------------------- 1A 863,688.80 0.00 692,997,419.39 2A 223,614.52 0.00 166,518,862.23 X-1A 122,790.97 0.00 159,070,732.23 X-1B 506,317.45 0.00 533,926,688.15 X-2 144,188.45 0.00 166,518,862.23 X-B 7,807.08 0.00 15,905,000.00 A-R 0.00 0.00 0.00 B-1 26,243.25 0.00 15,905,000.00 B-2 17,576.44 0.00 8,210,000.00 B-3 12,083.00 0.00 5,644,000.00 B-4 5,491.30 0.00 2,565,000.00 B-5 3,294.78 0.00 1,539,000.00 B-6 8,789.54 0.00 4,105,618.00 Totals 1,941,885.58 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 877.32767911 1.08203747 0.00000000 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.59000% 888.24041521 1.17691853 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.92174% 872.70514629 0.67033635 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.12426% 878.70444273 0.82324314 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.02525% 888.24041521 0.75888663 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.58903% 1000.00000000 0.49085696 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74482% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1.98000% 1000.00000000 1.65000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.56903% 1000.00000000 2.10485749 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.56903% 1000.00000000 2.14085755 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.56903% 1000.00000000 2.14085770 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.56903% 1000.00000000 2.14085770 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.56903% 1000.00000000 2.14085675 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----------------------------------------------------------- 1A 1.08203747 0.00000000 868.19369861 2A 1.17691853 0.00000000 876.41506437 X-1A 0.67033635 0.00000000 868.39361667 X-1B 0.82324312 0.00000000 868.13415719 X-2 0.75888658 0.00000000 876.41506437 X-B 0.49085696 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.000000000 B-1 1.65000000 0.00000000 1000.00000000 B-2 2.14085749 0.00000000 1000.00000000 B-3 2.14085755 0.00000000 1000.00000000 B-4 2.14085770 0.00000000 1000.00000000 B-5 2.14085770 0.00000000 1000.00000000 B-6 2.14085675 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 11,772,139.42 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 671.43 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,772,810.85 Withdrawals Reimbursement for Servicer Advances 671.43 Payment of Service Fee 292,639.15 Payment of Interest and Principal 11,479,500.27 ------------- Total Withdrawals (Pool Distribution Amount) 11,772,810.85 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 285,080.62 Master Servicing Fee 7,558.53 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 292,639.15 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund 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 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 1 280,250.00 120 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 --------------------- ----------------- -------------------- 1 280,250.00 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 0.038865% 0.031226% 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% ---------------------- -------------------- -------------------- 0.038865% 0.031226% 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 1 280,250.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- -------------------- 0 0.00 1 280,250.00 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 0.038865% 0.031226% 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% 0.038865% 0.031226%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 671.43
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 1,026,174,618.00 99.99999026% 897,484,899.62 100.00000000% 95.769442% 0.000000% Class 1A 227,968,618.00 22.21538048% 204,487,480.23 22.78450371% 77.215496% 1,825.184734% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.23055786% 18.553946% 438.569722% Class X-1-A 37,968,618.00 3.70001495% 37,968,618.00 4.23055786% 0.000000% 0.000000% Class X-1-B 37,968,618.00 3.70001495% 37,968,618.00 4.23055786% 0.000000% 0.000000% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.23055786% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.45838320% 1.772175% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.54360458% 0.914779% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.91473606% 0.628869% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.62893738% 0.285799% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.45745817% 0.171479% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.457458% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
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 1 280,250.00 120 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 ---------- ---------- ---------- --------- ----------- --------- 1 280,250.00 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 0.048709% 0.038726% 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% ---------- ---------- ---------- --------- ----------- --------- 0.048709% 0.038726% 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 1 280,250.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- --------- -------- ---------- 0 0.00 1 280,250.00 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 0.048709% 0.038726% 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% 0.048709% 0.038726% -------- --------- -------- ----------
POOL 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 2.956299% Weighted Average Net Coupon 2.579134% Weighted Average Pass-Through Rate 2.569134% Weighted Average Maturity (Stepdown Calculation) 315 Beginning Scheduled Collateral Loan Count 2,596 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 2,573 Beginning Scheduled Collateral Balance 907,022,514.32 Ending Scheduled Collateral Balance 897,484,899.62 Ending Actual Collateral Balance at 30-Jan-2004 897,488,100.32 Monthly P&I Constant 2,234,524.71 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,398,214.91 Ending Scheduled Balance for Premium Loans 897,484,899.62 Scheduled Principal 0.00 Unscheduled Principal 9,537,614.70
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month Collateral Description Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.945714 3.000245 2.956299 Weighted Average Net Rate 2.568028 2.625245 2.579134 Pass-Through Rate 2.558028 2.615245 2.569134 Weighted Average Maturity 313 321 315 Record Date 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 1,794,324.98 440,199.73 2,234,524.71 Beginning Loan Count 2,070 526 2,596 Loans Paid in Full 17 6 23 Ending Loan Count 2,053 520 2,573 Beginning Scheduled Balance 730,956,993.43 176,065,520.89 907,022,514.32 Ending Scheduled Balance 723,666,195.39 173,818,704.23 897,484,899.62 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 7,290,798.04 2,246,816.66 9,537,614.70 Scheduled Interest 1,794,324.98 440,199.73 2,234,524.71 Servicing Fee 230,060.14 55,020.48 285,080.62 Master Servicing Fee 6,091.32 1,467.21 7,558.53 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 Net Interest 1,558,173.52 383,712.04 1,941,885.56 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 One Month Libor Loan Balance 166,110,447.47 Six Month Libor Loan Balance 557,555,747.92 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 173,818,704.23 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%