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EX-10.1 3 f96263kexv10w1.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 2003-5 RECORD DATE: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Ending Certificate Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance - ---------------------------------------------------------------------------------------------------------------------------------- A-1 81743PCJ3 SEN 1.45875% 648,831,556.44 788,735.86 7,054,507.29 0.00 641,777,049.15 A-2 81743PCK0 SEN 1.53125% 145,943,238.66 186,229.65 3,784,388.65 0.00 142,158,850.01 X-1A 81743PCL8 IO 1.02688% 0.00 75,849.88 0.00 0.00 0.00 X-1B 81743PCM6 IO 1.26229% 0.00 589,282.36 0.00 0.00 0.00 X-2 81743PCN4 IO 1.17582% 0.00 143,006.98 0.00 0.00 0.00 X-B 81743PCP9 IO 0.94343% 0.00 11,831.40 0.00 0.00 0.00 A-R 81743PCQ7 R 2.70140% 0.00 0.00 0.00 0.00 0.00 B-1 81743PCR5 SUB 1.74875% 15,043,000.00 21,922.04 0.00 0.00 15,043,000.00 B-2 81743PCS3 SUB 2.69218% 6,447,000.00 14,463.73 0.00 0.00 6,447,000.00 B-3 81743PCT1 SUB 2.69218% 6,017,000.00 13,499.03 0.00 0.00 6,017,000.00 B-4 SEQ0305B4 SUB 2.69218% 2,149,000.00 4,821.24 0.00 0.00 2,149,000.00 B-5 SEQ0305B5 SUB 2.69218% 1,289,000.00 2,891.85 0.00 0.00 1,289,000.00 B-6 SEQ0305B6 SUB 2.69218% 3,439,209.40 7,715.80 0.00 0.00 3,439,209.40 - -------------------------------------------------------------------------------------------------------------------------------- Totals 829,159,004.50 1,860,249.82 10,838,895.94 0.00 818,320,108.56 - --------------------------------------------------------------------------------------------------------------------------------
Total Cumulative Class CUSIP Distribution Realized Loss - ----------------------------------------------------- A-1 81743PCJ3 7,843,243.15 0.00 A-2 81743PCK0 3,970,618.30 0.00 X-1A 81743PCL8 75,849.88 0.00 X-1B 81743PCM6 589,282.36 0.00 X-2 81743PCN4 143,006.98 0.00 X-B 81743PCP9 11,831.40 0.00 A-R 81743PCQ7 0.00 0.00 B-1 81743PCR5 21,922.04 0.00 B-2 81743PCS3 14,463.73 0.00 B-3 81743PCT1 13,499.03 0.00 B-4 SEQ0305B4 4,821.24 0.00 B-5 SEQ0305B5 2,891.85 0.00 B-6 SEQ0305B6 7,715.80 0.00 - ------------------------------------------------ Totals 12,699,145.76 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 Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----------------------------------------------------------------------------------------------------------------------------- A-1 675,596,000.00 648,831,556.44 330.26 7,054,177.03 0.00 0.00 7,054,507.29 641,777,049.15 A-2 149,609,000.00 145,943,238.66 6.10 3,784,382.55 0.00 0.00 3,784,388.65 142,158,850.01 X-1A 0.00 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 0.00 X-2 0.00 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 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,043,000.00 15,043,000.00 0.00 0.00 0.00 0.00 0.00 15,043,000.00 B-2 6,447,000.00 6,447,000.00 0.00 0.00 0.00 0.00 0.00 6,447,000.00 B-3 6,017,000.00 6,017,000.00 0.00 0.00 0.00 0.00 0.00 6,017,000.00 B-4 2,149,000.00 2,149,000.00 0.00 0.00 0.00 0.00 0.00 2,149,000.00 B-5 1,289,000.00 1,289,000.00 0.00 0.00 0.00 0.00 0.00 1,289,000.00 B-6 3,439,209.40 3,439,209.40 0.00 0.00 0.00 0.00 0.00 3,439,209.40 - --------------------------------------------------------------------------------------------------------------------------- Totals 859,589,309.40 829,159,004.50 336.36 10,838,559.58 0.00 0.00 10,838,895.94 818,320,108.56 - ---------------------------------------------------------------------------------------------------------------------------
Ending Certificate Total Principal Class Percentage Distribution - ---------------------------------------------- A-1 0.94994205 7,054,507.29 A-2 0.95020253 3,784,388.65 X-1A 0.00000000 0.00 X-1B 0.00000000 0.00 X-2 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 - --------------------------------------------- Totals 0.95198963 10,838,895.94 - ---------------------------------------------
(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 Ending Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - -------------------------------------------------------------------------------------------------------------------------------- A-1 675,596,000.00 960.38395201 0.00048884 10.44141326 0.00000000 0.00000000 10.44190210 949.94204991 A-2 149,609,000.00 975.49772179 0.00004077 25.29515303 0.00000000 0.00000000 25.29519381 950.20252799 X-1A 0.00 0.00000000 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 0.00000000 X-2 0.00 0.00000000 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 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 6,447,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 6,017,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,149,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 1,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 3,439,209.40 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
Ending Certificate Total Principal Class Percentage Distribution - ----------------------------------------------- A-1 0.94994205 10.44190210 A-2 0.95020253 25.29519381 X-1A 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 X-2 0.00000000 0.00000000 X-B 0.00000000 0.00000000 A-R 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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 Total Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ---------------------------------------------------------------------------------------------------------------------------------- A-1 675,596,000.00 1.45875% 648,831,556.44 788,735.86 0.00 0.00 0.00 0.00 788,735.86 A-2 149,609,000.00 1.53125% 145,943,238.66 186,229.65 0.00 0.00 0.00 0.00 186,229.65 X-1A 0.00 1.02688% 88,635,720.72 75,848.80 0.00 0.00 0.00 0.00 75,849.88 X-1B 0.00 1.26229% 560,195,835.72 589,273.96 0.00 0.00 0.00 0.00 589,282.36 X-2 0.00 1.17582% 145,943,238.66 143,002.24 0.00 0.00 0.00 0.00 143,006.98 X-B 0.00 0.94343% 15,043,000.00 11,826.66 0.00 0.00 0.00 0.00 11,831.40 A-R 100.00 2.70140% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,043,000.00 1.74875% 15,043,000.00 21,922.04 0.00 0.00 0.00 0.00 21,922.04 B-2 6,447,000.00 2.69218% 6,447,000.00 14,463.73 0.00 0.00 0.00 0.00 14,463.73 B-3 6,017,000.00 2.69218% 6,017,000.00 13,499.03 0.00 0.00 0.00 0.00 13,499.03 B-4 2,149,000.00 2.69218% 2,149,000.00 4,821.24 0.00 0.00 0.00 0.00 4,821.24 B-5 1,289,000.00 2.69218% 1,289,000.00 2,891.85 0.00 0.00 0.00 0.00 2,891.85 B-6 3,439,209.40 2.69218% 3,439,209.40 7,715.80 0.00 0.00 0.00 0.00 7,715.80 --------------------------------------------------------------------------------------------------------------------------- Totals 859,589,309.40 1,860,230.86 0.00 0.00 0.00 0.00 1,860,249.82 - ---------------------------------------------------------------------------------------------------------------------------------
Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------------------------------------ A-1 0.00 641,777,049.15 A-2 0.00 142,158,850.01 X-1A 0.00 88,539,867.69 X-1B 0.00 553,237,181.46 X-2 0.00 142,158,850.01 X-B 0.00 15,043,000.00 A-R 0.00 0.00 B-1 0.00 15,043,000.00 B-2 0.00 6,447,000.00 B-3 0.00 6,017,000.00 B-4 0.00 2,149,000.00 B-5 0.00 1,289,000.00 B-6 0.00 3,439,209.40 ------------------------------ Totals 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) - ------------------------------------------------------------------------------------------------------------------------- A-1 675,596,000.00 1.45875% 960.38395201 1.16746674 0.00000000 0.00000000 0.00000000 0.00000000 A-2 149,609,000.00 1.53125% 975.49772179 1.24477572 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.02688% 985.85898375 0.84363528 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.26229% 956.47336708 1.00612110 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.17582% 975.49772179 0.95583982 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.94343% 1000.00000000 0.78619025 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.70140% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1.74875% 1000.00000000 1.45729176 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 2.69218% 1000.00000000 2.24348224 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 2.69218% 1000.00000000 2.24348180 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 2.69218% 1000.00000000 2.24348069 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 2.69218% 1000.00000000 2.24348332 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 2.69218% 1000.00000000 2.24348073 0.00000000 0.00000000 0.00000000 0.00000000
Remaining Unpaid Class (5) Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - ---------------------------------------------------------------- A-1 1.16746674 0.00000000 949.94204991 A-2 1.24477572 0.00000000 950.20252799 X-1A 0.84364729 0.00000000 984.79284958 X-1B 1.00613544 0.00000000 944.59222295 X-2 0.95587151 0.00000000 950.20252799 X-B 0.78650535 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.45729176 0.00000000 1000.00000000 B-2 2.24348224 0.00000000 1000.00000000 B-3 2.24348180 0.00000000 1000.00000000 B-4 2.24348069 0.00000000 1000.00000000 B-5 2.24348332 0.00000000 1000.00000000 B-6 2.24348073 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 12,972,220.36 Liquidations, Insurance Proceeds, Reserve Funds 18.97 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 17,740.45 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 12,989,979.78 Withdrawals Reimbursement for Servicer Advances 26,381.73 Payment of Service Fee 264,452.29 Payment of Interest and Principal 12,699,145.76 ------------- Total Withdrawals (Pool Distribution Amount) 12,989,979.78 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 259,270.07 Master Servicing Fee 5,182.22 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 264,452.29 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ---------------------- --------- ----------- -------- -------- Class X-1 Reserve Fund 5,000.00 9.49 9.49 5,000.00 Class X-2 Reserve Fund 2,500.00 4.74 4.74 2,500.00 Class X-B Reserve Fund 2,500.00 4.74 4.74 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 21 6,941,073.17 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 400,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 255,000.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------------- -------------------- --------------------- 23 7,596,073.17 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 0.945520% 0.848209% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.045025% 0.048881% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.045025% 0.031161% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ----------------------- ---------------------- ----------------------- 1.035570% 0.928251% 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 21 6,941,073.17 60 Days 0 0.00 60 Days 1 400,000.00 90 Days 0 0.00 90 Days 1 255,000.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- -------------------------- 0 0.00 23 7,596,073.17 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 0.945520% 0.848209% 60 Days 0.000000% 0.000000% 60 Days 0.045025% 0.048881% 90 Days 0.000000% 0.000000% 90 Days 0.045025% 0.031161% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------------------- ------------------------ 0.000000% 0.000000% 1.035570% 0.928251%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 17,740.45
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 34,384,209.40 4.00007411% 34,384,209.40 4.20180429% 95.798196% 0.000000% Class X-1-A 34,384,209.40 4.00007411% 34,384,209.40 4.20180429% 0.000000% 0.000000% Class X-1-B 34,384,209.40 4.00007411% 34,384,209.40 4.20180429% 0.000000% 0.000000% Class X-2 34,384,209.40 4.00007411% 34,384,209.40 4.20180429% 0.000000% 0.000000% Class B-1 19,341,209.40 2.25005234% 19,341,209.40 2.36352611% 1.838278% 43.749734% Class B-2 12,894,209.40 1.50004302% 12,894,209.40 1.57569260% 0.787834% 18.749886% Class B-3 6,877,209.40 0.80005758% 6,877,209.40 0.84040577% 0.735287% 17.499312% Class B-4 4,728,209.40 0.55005447% 4,728,209.40 0.57779460% 0.262611% 6.249962% Class B-5 3,439,209.40 0.40009914% 3,439,209.40 0.42027678% 0.157518% 3.748814% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.420277% 10.002293%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------- --------------------------------------- --------------------------------------- ONE-MONTH LIBOR - GROUP 1 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 - -------------------------------------- ----------------------------------------- ONE-MONTH LIBOR - GROUP 1 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%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------- --------------------------------------- --------------------------------------- SIX-MONTH LIBOR - GROUP 1 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 16 5,488,933.17 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 400,000.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 255,000.00 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 ------------------------- --------------------- ---------------------- 18 6,143,933.17 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 0.982198% 0.950458% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.061387% 0.069264% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.061387% 0.044156% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ----------------------- ---------------------- ----------------------- 1.104972% 1.063877% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - -------------------------------------- ------------------------------------------ SIX-MONTH LIBOR - GROUP 1 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 16 5,488,933.17 60 Days 0 0.00 60 Days 1 400,000.00 90 Days 0 0.00 90 Days 1 255,000.00 120 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 18 6,143,933.17 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 0.982198% 0.950458% 60 Days 0.000000% 0.000000% 60 Days 0.061387% 0.069264% 90 Days 0.000000% 0.000000% 90 Days 0.061387% 0.044156% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------------------- ------------------------ 0.000000% 0.000000% 1.104972% 1.063877%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------- --------------------------------------- --------------------------------------- SIX-MONTH LIBOR - GROUP 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 1,452,140.00 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 ------------------------- --------------------- ---------------------- 5 1,452,140.00 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 1.275510% 0.978574% 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% ----------------------- ---------------------- ----------------------- 1.275510% 0.978574% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - -------------------------------------- ------------------------------------------ SIX-MONTH LIBOR - GROUP 2 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 1,452,140.00 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 5 1,452,140.00 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 1.275510% 0.978574% 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% 1.275510% 0.978574%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.074947% Weighted Average Net Coupon 2.699718% Weighted Average Pass-Through Rate 2.692218% Weighted Average Maturity (Stepdown Calculation) 332 Beginning Scheduled Collateral Loan Count 2,240 Number of Loans Paid in Full 19 Ending Scheduled Collateral Loan Count 2,221 Beginning Scheduled Collateral Balance 829,159,004.50 Ending Scheduled Collateral Balance 818,320,108.56 Ending Actual Collateral Balance at 31-Dec-2003 818,321,173.13 Monthly P&I Constant 2,125,019.54 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,621,986.46 Ending Scheduled Balance for Premium Loans 818,320,108.56 Scheduled Principal 336.36 Unscheduled Principal 10,838,559.58
MISCELLANEOUS REPORTING Pro Rata Senior Percent - Group 1 95.841893% Pro Rata Senior Percent - Group 2 95.903077% Senior Percent - Group 1 100.000000% Senior Percent - Group 2 100.000000% Senior Prepayment Percent - Group 1 100.000000% Senior Prepayment Percent - Group 2 100.000000% Subordinate Percent - Group 1 0.000000% Subordinate Percent - Group 2 0.000000% Subordinate Prepayment Percent - Group 1 0.000000% Subordinate Prepayment Percent - Group 2 0.000000% Principal Transfer Amount - Group 1 0.00 Principal Transfer Amount - Group 2 0.00 Interest Transfer Amount - Group 1 0.00 Interest Transfer Amount - Group 2 0.00
GROUP 1 MO. LIBOR - GR 1 6 MO LIBOR - GR 1 6 MO LIBOR - GR 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.868134 3.103823 3.089720 3.074947 Weighted Average Net Rate 2.493134 2.728538 2.714568 2.699718 Pass-Through Rate 2.485634 2.721038 2.707068 2.692218 Weighted Average Maturity 317 335 332 332 Record Date 12/31/2003 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 221,051.43 1,512,139.56 391,828.55 2,125,019.54 Beginning Loan Count 200 1,643 397 2,240 Loans Paid in Full 0 14 5 19 Ending Loan Count 200 1,629 392 2,221 Beginning Scheduled Balance 92,481,187.39 584,499,969.54 152,177,847.57 829,159,004.50 Ending Scheduled Balance 92,423,399.99 577,503,249.65 148,393,458.92 818,320,108.56 Scheduled Principal 11.10 319.16 6.10 336.36 Unscheduled Principal 57,776.30 6,996,400.73 3,784,382.55 10,838,559.58 Scheduled Interest 221,040.33 1,511,820.40 391,822.45 2,124,683.18 Servicing Fee 28,900.37 182,794.85 47,574.85 259,270.07 Master Servicing Fee 578.00 3,653.11 951.11 5,182.22 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 191,561.96 1,325,372.44 343,296.49 1,860,230.89 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