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EX-10.1 3 f96263cexv10w1.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 2002-9 RECORD DATE: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Certificate Interest Principal Current Class CUSIP Description Pass-Through Rate Balance Distribution Distribution Realized Loss - -------- --------- ----------- ----------------- -------------- -------------- ------------- ------------- 1A 81743SAA8 SEN 1.49875% 334,586,750.16 417,884.91 4,703,823.82 0.00 2A 81743SAB6 SEN 2.73894% 119,924,368.06 273,721.01 1,033,980.31 0.00 X-1A 81743SAC4 IO 0.94252% 0.00 140,082.20 0.00 0.00 X-1B 81743SAD2 IO 1.00919% 0.00 131,407.82 0.00 0.00 X-B 81743SAE0 IO 0.65541% 0.00 4,220.43 0.00 0.00 A-R 81743SAF7 SEN 3.15893% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 1.89875% 7,702,000.00 12,186.81 0.00 0.00 B-2 81743SAH3 SUB 2.55416% 4,564,000.00 9,714.30 0.00 0.00 B-3 81743SAJ9 SUB 2.55416% 3,424,000.00 7,287.86 0.00 0.00 B-4 SMT0209B4 SUB 2.55416% 1,426,000.00 3,035.19 0.00 0.00 B-5 SMR0209B5 SUB 2.55416% 856,000.00 1,821.96 0.00 0.00 B-6 SMT0209B6 SUB 2.55416% 1,997,086.78 4,250.72 0.00 0.00 - -------- --------- ----------- ------- -------------- -------------- ------------- ------------- Totals 474,480,205.00 1,005,613.21 5,737,804.13 0.00 - -------- --------- ----------- ------- -------------- -------------- ------------- ------------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - -------- --------- -------------- ------------ ------------- 1A 81743SAA8 329,882,926.34 5,121,708.73 0.00 2A 81743SAB6 118,890,387.75 1,307,701.32 0.00 X-1A 81743SAC4 0.00 140,082.20 0.00 X-1B 81743SAD2 0.00 131,407.82 0.00 X-B 81743SAE0 0.00 4,220.43 0.00 A-R 81743SAF7 0.00 0.00 0.00 B-1 81743SAG5 7,702,000.00 12,186.81 0.00 B-2 81743SAH3 4,564,000.00 9,714.30 0.00 B-3 81743SAJ9 3,424,000.00 7,287.86 0.00 B-4 SMT0209B4 1,426,000.00 3,035.19 0.00 B-5 SMR0209B5 856,000.00 1,821.96 0.00 B-6 SMT0209B6 1,997,086.78 4,250.72 0.00 - -------- --------- -------------- ------------ ------------- Totals 468,742,400.87 6,743,417.34 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 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- 1A 381,698,000.00 334,586,750.16 0.00 4,703,823.82 0.00 0.00 4,703,823.82 2A 168,875,000.00 119,924,368.06 0.00 1,033,980.31 0.00 0.00 1,033,980.31 X-1A 0.00 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 0.00 X-B 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 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 0.00 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- Totals 570,533,186.78 474,480,205.00 0.00 5,737,804.13 0.00 0.00 5,737,804.13 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------ ------------------ ------------------ --------------- 1A 329,882,926.34 0.86427150 4,703,823.82 2A 118,890,387.75 0.70401414 1,033,980.31 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 7,702,000.00 1.00000000 0.00 B-2 4,564,000.00 1.00000000 0.00 B-3 3,424,000.00 1.00000000 0.00 B-4 1,426,000.00 1.00000000 0.00 B-5 856,000.00 1.00000000 0.00 B-6 1,997,086.78 1.00000000 0.00 - ------ ------------------ ------------------ --------------- Totals 468,742,400.87 0.82158656 5,737,804.13 - ------ ------------------ ------------------ ---------------
(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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- -------------- ------------- ------------ ------------ ---------- ---------- --------------- 1A 381,698,000.00 876.59521275 0.00000000 12.32370810 0.00000000 0.00000000 12.32370810 2A 168,875,000.00 710.13689451 0.00000000 6.12275535 0.00000000 0.00000000 6.12275535 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ------------------ --------------- 1A 864.27150465 0.86427150 12.32370810 2A 704.01413916 0.70401414 6.12275535 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 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- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- 1A 381,698,000.00 1.49875% 334,586,750.16 417,884.91 0.00 0.00 0.00 2A 168,875,000.00 2.73894% 119,924,368.06 273,721.01 0.00 0.00 0.00 X-1A 0.00 0.94252% 178,341,526.65 140,075.07 0.00 0.00 0.00 X-1B 0.00 1.00919% 156,245,223.51 131,401.13 0.00 0.00 0.00 X-B 0.00 0.65541% 7,702,000.00 4,206.61 0.00 0.00 0.00 A-R 100.00 3.15893% 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.89875% 7,702,000.00 12,186.81 0.00 0.00 0.00 B-2 4,564,000.00 2.55416% 4,564,000.00 9,714.30 0.00 0.00 0.00 B-3 3,424,000.00 2.55416% 3,424,000.00 7,287.86 0.00 0.00 0.00 B-4 1,426,000.00 2.55416% 1,426,000.00 3,035.19 0.00 0.00 0.00 B-5 856,000.00 2.55416% 856,000.00 1,821.96 0.00 0.00 0.00 B-6 1,997,086.78 2.55416% 1,997,086.78 4,250.72 0.00 0.00 0.00 - ------ -------------- ------- -------------- ------------ ---------- --------- --------- Totals 570,533,186.78 1,005,585.57 0.00 0.00 0.00 - ------ -------------- ------- -------------- ------------ ---------- --------- --------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------ -------- -------------- --------- -------------- 1A 0.00 417,884.91 0.00 329,882,926.34 2A 0.00 273,721.01 0.00 118,890,387.75 X-1A 0.00 140,082.20 0.00 175,600,751.69 X-1B 0.00 131,407.82 0.00 154,282,174.65 X-B 0.00 4,220.43 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 12,186.81 0.00 7,702,000.00 B-2 0.00 9,714.30 0.00 4,564,000.00 B-3 0.00 7,287.86 0.00 3,424,000.00 B-4 0.00 3,035.19 0.00 1,426,000.00 B-5 0.00 1,821.96 0.00 856,000.00 B-6 0.00 4,250.72 0.00 1,997,086.78 - ------ -------- -------------- --------- -------------- Totals 0.00 1,005,613.12 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 Original Face Certificate Certificate/ Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - --------- -------------- ----------- ---------------- ---------- ---------- ---------- ---------- 1A 381,698,000.00 1.49875% 876.59521275 1.09483090 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 2.73894% 710.13689451 1.62084980 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.94252% 875.22517199 0.68742950 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.00919% 878.16425694 0.73852994 0.00000000 0.00000000 0.00000000 X-B 0.00 0.65541% 1000.00000000 0.54617112 0.00000000 0.00000000 0.00000000 A-R 100.00 3.15893% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.89875% 1000.00000000 1.58229161 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.55416% 1000.00000000 2.12846188 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.55416% 1000.00000000 2.12846379 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.55416% 1000.00000000 2.12846424 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.55416% 1000.00000000 2.12845794 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.55416% 1000.00000000 2.12846034 0.00000000 0.00000000 0.00000000 Remaining Unpaid Ending Realized Total Interest Interest Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - --------- ---------- -------------- ---------- ------------------ 1A 0.00000000 1.09483090 0.00000000 864.27150465 2A 0.00000000 1.62084980 0.00000000 704.01413916 X-1A 0.00000000 0.68746450 0.00000000 861.77460172 X-1B 0.00000000 0.73856754 0.00000000 867.13109186 X-B 0.00000000 0.54796546 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.58229161 0.00000000 1000.00000000 B-2 0.00000000 2.12846188 0.00000000 1000.00000000 B-3 0.00000000 2.12846379 0.00000000 1000.00000000 B-4 0.00000000 2.12846424 0.00000000 1000.00000000 B-5 0.00000000 2.12845794 0.00000000 1000.00000000 B-6 0.00000000 2.12846034 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 6,895,442.13 Liquidations, Insurance Proceeds, Reserve Funds 27.64 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,895,469.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 152,052.43 Payment of Interest and Principal 6,743,417.34 ------------ Total Withdrawals (Pool Distribution Amount) 6,895,469.77 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 148,493.83 Master Servicing Fee 3,558.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 152,052.43 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- X-1 Basis Risk Reserve Fund 5,000.00 13.82 13.82 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 13.82 13.82 5,000.00
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
Original $ Original % Current $ Current % Current Class % Prepayment % -------------- ------------ -------------- ------------- --------------- ------------- Class A 570,533,086.78 99.99998247% 468,742,400.87 100.00000000% 95.739859% 0.000000% Class 1A 188,844,086.78 33.09957968% 138,859,474.53 29.62383481% 70.376165% 1,651.968014% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.26014091% 25.363694% 595.372182% Class X-1-A 19,969,086.78 3.50007453% 19,969,086.78 4.26014091% 0.000000% 0.000000% Class X-1-B 19,969,086.78 3.50007453% 19,969,086.78 4.26014091% 0.000000% 0.000000% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.61702094% 1.643120% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.64335182% 0.973669% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.91288665% 0.730465% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.60866838% 0.304218% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.42605209% 0.182616% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.426052% 10.000892%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.01752746% 100,000.00 0.02133368% Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.10775601% Special Hazard 6,000,000.00 1.05164785% 5,997,988.72 1.27959167%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP GROUP 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 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 2.927763% Weighted Average Net Coupon 2.552210% Weighted Average Pass-Through Rate 2.543210% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 1,301 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 1,291 Beginning Scheduled Collateral Balance 474,480,205.01 Ending Scheduled Collateral Balance 468,742,400.88 Ending Actual Collateral Balance at 31-Dec-2003 468,741,474.46 Monthly P&I Constant 1,157,638.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,700,886.26 Ending Scheduled Balance for Premium Loans 468,742,400.88 Scheduled Principal 0.00 Unscheduled Principal 5,737,804.13
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.791376% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
1 2 TOTAL Mixed ARM 6 Month ARM Mixed ARM Collateral Description Weighted Average Coupon Rate 2.857157 3.122936 2.927763 Weighted Average Net Rate 2.481403 2.747936 2.552210 Pass-Through Rate 2.472403 2.738936 2.543210 Weighted Average Maturity 300 342 316 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 829,601.20 328,036.80 1,157,638.00 Beginning Loan Count 920 381 1,301 Loans Paid in Full 7 3 10 Ending Loan Count 913 378 1,291 Beginning Scheduled Balance 348,430,836.95 126,049,368.06 474,480,205.01 Ending Scheduled Balance 343,727,013.13 125,015,387.75 468,742,400.88 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,703,823.82 1,033,980.31 5,737,804.13 Scheduled Interest 829,601.20 328,036.80 1,157,638.00 Servicing Fee 109,103.40 39,390.43 148,493.83 Master Servicing Fee 2,613.23 945.37 3,558.60 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 717,884.57 287,701.00 1,005,585.57 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 1 One Month LIBOR Loans 182,970,129.89 Six Month LIBOR Loans 160,756,883.24