All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
(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
(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
(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
(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 10,597,033.27 Liquidations, Insurance Proceeds, Reserve Funds 9.72 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,807.95 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,615,850.94 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 201,346.41 Payment of Interest and Principal 10,414,504.53 ------------- Total Withdrawals (Pool Distribution Amount) 10,615,850.94 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 ====
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------- Class A-1 Companion Sub Account 4,000.00 3.89 3.89 4,000.00 Class A-1 NAS Sub Account 1,000.00 0.97 0.97 1,000.00 Class A-2 Companion Sub Account 500.00 0.49 0.49 500.00 Class A-2 NAS Sub Account 2,000.00 1.94 1.94 2,000.00 Class B-1 Sub Account 2,500.00 2.43 2.43 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 18 7,649,994.53 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 87,500.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 100,000.00 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 1 167,341.10 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- ------------ --------- --------- --------- --------- 21 8,004,835.63 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 0.966702% 1.187800% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.053706% 0.013586% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.053706% 0.015527% 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 0.053706% 0.025983% 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% -------- -------- -------- -------- -------- -------- 1.127820% 1.242896% 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 18 7,649,994.53 60 Days 0 0.00 60 Days 1 87,500.00 90 Days 0 0.00 90 Days 1 100,000.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 1 167,341.10 180+ Days 0 0.00 180+ Days 0 0.00 -------- --------- --------- ------------ 0 0.00 21 8,004,835.63 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 0.966702% 1.187800% 60 Days 0.000000% 0.000000% 60 Days 0.053706% 0.013586% 90 Days 0.000000% 0.000000% 90 Days 0.053706% 0.015527% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.053706% 0.025983% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- --------- 0.000000% 0.000000% 1.127820% 1.242896%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,807.95
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % - ---------------------------------------------------------------------------------------------------------------------------------- Class A 25,229,950.00 3.80002806% 25,229,950.00 3.91735824% 96.082642% 0.000000% Class X-1 25,229,950.00 3.80002806% 25,229,950.00 3.91735824% 0.000000% 0.000000% Class X-2 25,229,950.00 3.80002806% 25,229,950.00 3.91735824% 0.000000% 0.000000% Class B-1 13,942,950.00 2.10002799% 13,942,950.00 2.16486874% 1.752490% 44.736514% Class B-2 8,299,950.00 1.25010327% 8,299,950.00 1.28870162% 0.876167% 22.366275% Class B-3 4,979,950.00 0.75005895% 4,979,950.00 0.77321787% 0.515484% 13.158964% Class B-4 3,319,950.00 0.50003679% 3,319,950.00 0.51547599% 0.257742% 6.579482% Class B-5 2,323,950.00 0.35002349% 2,323,950.00 0.36083087% 0.154645% 3.947689% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.360831% 9.211077%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
ELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------- POOL 1 - 1 MONTH No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 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%
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- POOL 1 - 6 MONTH No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 13 4,771,479.63 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 87,500.00 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 ---------- ------------ -------- -------- -------- -------- 14 4,858,979.63 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 1.125541% 1.220375% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.086580% 0.022379% 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% -------- -------- -------- -------- -------- -------- 1.212121% 1.242754% 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 13 4,771,479.63 60 Days 0 0.00 60 Days 1 87,500.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- --------- ------------ 0 0.00 14 4,858,979.63 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 1.125541% 1.220375% 60 Days 0.000000% 0.000000% 60 Days 0.086580% 0.022379% 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% 1.212121% 1.242754% - ------------------------------------------------------------------
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- POOL 2 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 5 2,878,514.90 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 1 100,000.00 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 1 167,341.10 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ------------ -------- -------- -------- -------- 7 3,145,856.00 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 0.943396% 1.571549% 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 0.188679% 0.054596% 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 0.188679% 0.091361% 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% --------- -------- -------- -------- -------- -------- 1.320755% 1.717506% 0.000000% 0.000000% 0.000000% 0.000000% - --------------------------------------------------------------------------------------------------------------
REO TOTAL - --------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 5 2,878,514.90 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 100,000.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 1 167,341.10 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- --------- ------------ 0 0.00 7 3,145,856.00 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 0.943396% 1.571549% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.188679% 0.054596% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.188679% 0.091361% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- --------- 0.000000% 0.000000% 1.320755% 1.717506% - ------------------------------------------------------------------
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.993328% Weighted Average Net Coupon 2.640638% Weighted Average Pass-Through Rate 2.623343% Weighted Average Maturity (Stepdown Calculation) 326 Beginning Scheduled Collateral Loan Count 1,879 Number of Loans Paid in Full 17 Ending Scheduled Collateral Loan Count 1,862 Beginning Scheduled Collateral Balance 653,042,080.46 Ending Scheduled Collateral Balance 644,055,213.66 Ending Actual Collateral Balance at 31-Dec-2003 644,047,117.17 Monthly P&I Constant 1,629,667.81 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,359,338.99 Ending Scheduled Balance for Premium Loans 644,055,213.66 Scheduled Principal 693.41 Unscheduled Principal 8,986,173.39
GROUP POOL 1 - 1 MONTH POOL 1 - 6 MONTH POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.857631 3.009884 3.009255 2.993328 Weighted Average Net Rate 2.516264 2.656171 2.654462 2.640638 Pass-Through Rate 2.496086 2.636009 2.644462 2.623343 Weighted Average Maturity 311 327 332 326 Record Date 12/31/2003 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 167,366.83 999,823.42 462,477.56 1,629,667.81 Beginning Loan Count 178 1,167 534 1,879 Loans Paid in Full 1 12 4 17 Ending Loan Count 177 1,155 530 1,862 Beginning Scheduled Balance 70,248,906.79 398,425,839.90 184,367,333.77 653,042,080.46 Ending Scheduled Balance 68,899,430.93 390,989,032.52 183,166,750.21 644,055,213.66 Scheduled Principal 78.93 477.14 137.34 693.41 Unscheduled Principal 349,396.93 7,436,330.24 1,200,446.22 8,986,173.39 Scheduled Interest 167,287.90 999,346.28 462,340.22 1,628,974.40 Servicing Fee 19,983.93 117,440.41 54,510.21 191,934.55 Master Servicing Fee 1,181.20 6,694.26 1,536.40 9,411.86 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 146,122.77 875,211.61 406,293.61 1,427,627.99 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group Pool 1 - 1 Month 1 Month LIBOR Loan Balance 69,899,430.93 6 Month LIBOR Loan Balance 390,989,032.52 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 96.137819% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000% Group 1 - 6 Month 6 Month LIBOR Loan Balance 183,166,750.21 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 96.133325% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000%