Wells Fargo Bank Minnesota, N.A. SMT Series 2003-1 Certificateholder Distribution Statement (December 2003)

Contract Categories: Business Finance › Trust Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-1 trust. It summarizes the interest and principal payments made to certificateholders as of December 31, 2003, with distributions occurring on January 20, 2004. The statement details the amounts paid to each class of certificateholders, the remaining balances, and confirms that all distributions were made in accordance with the Pooling and Servicing Agreement. No realized losses were reported for this period.

Read More Arrow
EX-10.1 3 f96263gexv10w1.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: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- --------------------------------------------------------------------------------------------------------------------------------- Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss - --------------------------------------------------------------------------------------------------------------------------------- 1A 81743PAA4 SEN 1.52875% 707,826,747.93 901,741.78 7,538,530.50 0.00 2A 81743PAB2 SEN 1.59000% 172,048,970.77 227,964.89 3,283,291.88 0.00 X-1A 81743PAC0 IO 0.87377% 0.00 117,198.91 0.00 0.00 X-1B 81743PAD8 IO 1.07113% 0.00 488,152.67 0.00 0.00 X-2 81743PAE6 IO 1.02494% 0.00 146,956.41 0.00 0.00 X-B 81743PAF3 IO 0.53777% 0.00 7,134.62 0.00 0.00 A-R 81743PAG1 R 2.74552% 0.00 0.00 0.00 0.00 B-1 81743PAH9 SUB 2.02875% 15,905,000.00 26,889.39 0.00 0.00 B-2 81743PAJ5 SUB 2.56652% 8,210,000.00 17,559.28 0.00 0.00 B-3 81743PAK2 SUB 2.56652% 5,644,000.00 12,071.21 0.00 0.00 B-4 SEQ0301B4 SUB 2.56652% 2,565,000.00 5,485.94 0.00 0.00 B-5 SEQ0301B5 SUB 2.56652% 1,539,000.00 3,291.56 0.00 0.00 B-6 SEQ0301B6 SUB 2.56652% 4,105,618.00 8,780.96 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 917,844,336.70 1,963,227.62 10,821,822.38 0.00 - --------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ------------------------------------------------------------------------------- 1A 81743PAA4 700,288,217.43 8,440,272.28 0.00 2A 81743PAB2 168,765,678.89 3,511,256.77 0.00 X-1A 81743PAC0 0.00 117,198.91 0.00 X-1B 81743PAD8 0.00 488,152.67 0.00 X-2 81743PAE6 0.00 146,956.41 0.00 X-B 81743PAF3 0.00 7,134.62 0.00 A-R 81743PAG1 0.00 0.00 0.00 B-1 81743PAH9 15,905,000.00 26,889.39 0.00 B-2 81743PAJ5 8,210,000.00 17,559.28 0.00 B-3 81743PAK2 5,644,000.00 12,071.21 0.00 B-4 SEQ0301B4 2,565,000.00 5,485.94 0.00 B-5 SEQ0301B5 1,539,000.00 3,291.56 0.00 B-6 SEQ0301B6 4,105,618.00 8,780.96 0.00 - -------------------------------------------------------------------------- Totals 907,022,514.32 12,785,050.00 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 - ------------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 707,826,747.93 23.19 7,538,507.31 0.00 0.00 7,538,530.50 2A 190,000,000.00 172,048,970.77 0.00 3,283,291.88 0.00 0.00 3,283,291.88 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-2 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 15,905,000.00 15,905,000.00 0.00 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 0.00 B-3 5,644,000.00 5,644,000.00 0.00 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 0.00 B-5 1,539,000.00 1,539,000.00 0.00 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 0.00 - --------------------------------------------------------------------------------------------------------------------------- Totals 1,026,174,718.00 917,844,336.70 23.19 10,821,799.19 0.00 0.00 10,821,822.38 - --------------------------------------------------------------------------------------------------------------------------- - --------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - --------------------------------------------------------------------- 1A 700,288,217.43 0.87732768 7,538,530.50 2A 168,765,678.89 0.88824042 3,283,291.88 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 15,905,000.00 1.00000000 0.00 B-2 8,210,000.00 1.00000000 0.00 B-3 5,644,000.00 1.00000000 0.00 B-4 2,565,000.00 1.00000000 0.00 B-5 1,539,000.00 1.00000000 0.00 B-6 4,105,618.00 1.00000000 0.00 - ------------------------------------------------------------------- Totals 907,022,514.32 0.88388702 10,821,822.38 - -------------------------------------------------------------------
(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 798,206,000.00 886.77202117 0.00002905 9.44431301 0.00000000 0.00000000 9.44434206 2A 190,000,000.00 905.52089879 0.00000000 17.28048358 0.00000000 0.00000000 17.28048358 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-2 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 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ---------------------------------------------------------------------- 1A 877.32767911 0.87732768 9.44434206 2A 888.24041521 0.88824042 17.28048358 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 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 Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----------------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.52875% 707,826,747.93 901,741.78 0.00 0.00 0.00 0.00 2A 190,000,000.00 1.59000% 172,048,970.77 227,964.89 0.00 0.00 0.00 0.00 X-1A 0.00 0.87377% 160,953,306.38 117,196.23 0.00 0.00 0.00 0.00 X-1B 0.00 1.07113% 546,873,442.54 488,141.53 0.00 0.00 0.00 0.00 X-2 0.00 1.02494% 172,048,970.77 146,949.51 0.00 0.00 0.00 0.00 X-B 0.00 0.53777% 15,905,000.00 7,127.71 0.00 0.00 0.00 0.00 A-R 100.00 2.74552% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 2.02875% 15,905,000.00 26,889.39 0.00 0.00 0.00 0.00 B-2 8,210,000.00 2.56652% 8,210,000.00 17,559.28 0.00 0.00 0.00 0.00 B-3 5,644,000.00 2.56652% 5,644,000.00 12,071.12 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2.56652% 2,565,000.00 5,485.94 0.00 0.00 0.00 0.00 B-5 1,539,000.00 2.56652% 1,539,000.00 3,291.56 0.00 0.00 0.00 0.00 B-6 4,105,618.00 2.56652% 4,105,618.00 8,780.96 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- Totals 1,026,174,718.00 1,963,199.99 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----------------------------------------------------------- 1A 901,741.78 0.00 700,288,217.43 2A 227,964.89 0.00 168,765,678.89 X-1A 117,198.91 0.00 159,860,510.23 X-1B 488,152.67 0.00 540,427,708.19 X-2 146,956.41 0.00 168,765,678.89 X-B 7,134.62 0.00 15,905,000.00 A-R 0.00 0.00 0.00 B-1 26,889.39 0.00 15,905,000.00 B-2 17,559.28 0.00 8,210,000.00 B-3 12,071.21 0.00 5,644,000.00 B-4 5,485.94 0.00 2,565,000.00 B-5 3,291.56 0.00 1,539,000.00 B-6 8,780.96 0.00 4,105,618.00 - ----------------------------------------------------------- Totals 1,963,227.62 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 (5) Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----------------------------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.52875% 886.77202117 1.12971060 0.00000000 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.59000% 905.52089879 1.19981521 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.87377% 878.67090245 0.63979374 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.07113% 889.18483692 0.79369012 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.02494% 905.52089879 0.77341847 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.53777% 1000.00000000 0.44814272 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74552% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 2.02875% 1000.00000000 1.69062496 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.56652% 1000.00000000 2.13876736 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.56652% 1000.00000000 2.13876860 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.56652% 1000.00000000 2.13876803 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.56652% 1000.00000000 2.13876543 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.56652% 1000.00000000 2.13876693 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------------------------------- - -------------------------------------------------------------- Remaining Unpaid Class (5) Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - -------------------------------------------------------------- 1A 1.12971060 0.00000000 877.32767911 2A 1.19981521 0.00000000 888.24041521 X-1A 0.63980837 0.00000000 872.70514629 X-1B 0.79370823 0.00000000 878.70444273 X-2 0.77345479 0.00000000 888.24041521 X-B 0.44857718 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.000000000 B-1 1.69062496 0.00000000 1000.00000000 B-2 2.13876736 0.00000000 1000.00000000 B-3 2.13876860 0.00000000 1000.00000000 B-4 2.13876803 0.00000000 1000.00000000 B-5 2.13876543 0.00000000 1000.00000000 B-6 2.13876693 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 13,081,133.51 Liquidations, Insurance Proceeds, Reserve Funds 27.63 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 671.43 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 13,081,832.57 Withdrawals Reimbursement for Servicer Advances 671.43 Payment of Service Fee 296,111.14 Payment of Interest and Principal 12,785,050.00 ------------- Total Withdrawals (Pool Distribution Amount) 13,081,832.57 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 288,462.42 Master Servicing Fee 7,648.72 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 296,111.14 ==========
- ---------------------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ---------------------------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 13.82 13.82 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 6.91 6.91 2,500.00 Class X-B Reserve Fund Sub Account 2,500.00 6.91 6.91 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 1 280,250.00 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 ----------------------- -------------------- -------------------- 1 280,250.00 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 0.038521% 0.030898% 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% --------------------- -------------------- -------------------- 0.038521% 0.030898% 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 1 280,250.00 120 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 1 280,250.00 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 0.038521% 0.030898% 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% 0.038521% 0.030898% - --------------------- -------- -------- --------
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% 907,022,514.32 100.00000000% 95.813928% 0.000000% Class 1A 227,968,618.00 22.21538048% 206,734,296.89 22.79263123% 77.207369% 1,844.386902% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.18607228% 18.606559% 444.487284% Class X-1-A 37,968,618.00 3.70001495% 37,968,618.00 4.18607728% 0.000000% 0.00000% Class X-1-B 37,968,618.00 3.70001495% 37,968,618.00 4.18607728% 0.000000% 0.00000% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.18607228% 0.000000% 0.00000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.43253256% 1.753540% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.52737311% 0.905159% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.90511733% 0.622256% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.62232391% 0.282793% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.45264786% 0.169676% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.452648% 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 1 280,250.00 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 --------- ----------- -------- ---------- --------- --------- 1 280,250.00 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 0.048309% 0.038340% 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% -------- --------- -------- -------- -------- -------- 0.048309% 0.038340% 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 1 280,250.00 120 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 1 280,250.00 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 0.048309% 0.038340% 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% 0.048309% 0.038340% - ----------------------------------------------------------------------
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 2.953849% Weighted Average Net Coupon 2.576710% Weighted Average Pass-Through Rate 2.566710% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 2,618 Number of Loans Paid in Full 22 Ending Scheduled Collateral Loan Count 2,596 Beginning Scheduled Collateral Balance 917,844,336.70 Ending Scheduled Collateral Balance 907,022,514.32 Ending Actual Collateral Balance at 31-Dec-2003 907,024,483.60 Monthly P&I Constant 2,259,334.31 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,703,816.32 Ending Scheduled Balance for Premium Loans 907,022,514.32 Scheduled Principal 23.19 Unscheduled Principal 10,821,799.19
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month LIBOR Collateral Description Mixed ARM ARM Mixed ARM Weighted Average Coupon Rate 2.942656 2.999937 2.953849 Weighted Average Net Rate 2.564997 2.624937 2.576710 Pass-Through Rate 2.554997 2.614937 2.566710 Weighted Average Maturity 314 322 316 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 1,810,971.65 448,362.66 2,259,334.31 Beginning Loan Count 2,088 530 2,618 Loans Paid in Full 18 4 22 Ending Loan Count 2,070 526 2,596 Beginning Scheduled Balance 738,495,523.93 179,348,812.77 917,844,336.70 Ending Scheduled Balance 730,956,993.43 176,065,520.89 907,022,514.32 Scheduled Principal 23.19 0.00 23.19 Unscheduled Principal 7,538,507.31 3,283,291.88 10,821,799.19 Scheduled Interest 1,810,948.46 448,362.66 2,259,311.12 Servicing Fee 232,415.92 56,046.50 288,462.42 Master Servicing Fee 6,154.15 1,494.57 7,648.72 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 1,572,378.39 390,821.59 1,963,199.98 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 166,861,521.95 Six Month Libor Loan Balance 564,095,471.48 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 176,065,520.89 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%