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EX-10.1 3 f96263mexv10w1.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 2003-8 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 - ------ --------- ----------- ----------------- -------------- ------------ ------------ ------------- A-1 81743PDX1 SEN 1.46625% 791,768,000.00 870,697.37 2,696,789.55 0.00 X-1 81743PDZ6 IO 0.80000% 0.00 627,845.33 0.00 0.00 A-2 81743PDY9 SEN 1.56000% 150,000,000.00 175,500.00 1,133,431.59 0.00 X-2 81743PEA0 IO 0.42114% 0.00 330,515.57 0.00 0.00 B-1 81743PED4 SUB 1.73625% 14,166,000.00 18,446.79 0.00 0.00 X-B 81743PEB8 IO 0.77206% 0.00 14,456.88 0.00 0.00 B-2 81743PEE2 SUB 2.39625% 8,304,000.00 14,923.84 0.00 0.00 B-3 81743PEF9 SUB 2.55421% 4,884,000.00 10,395.62 0.00 0.00 B-4 81743PEG7 SUB 2.55421% 2,443,000.00 5,199.94 0.00 0.00 B-5 81743PEH5 SUB 2.55421% 1,465,000.00 3,118.26 0.00 0.00 B-6 81743PEJ1 SUB 2.55421% 3,908,267.00 8,318.77 0.00 0.00 A-R 81743PEC6 RES 2.55607% 100.00 0.21 100.00 0.00 - ------ --------- ----------- ----------------- -------------- ------------ ------------ ------------- Totals 976,938,367.00 2,079,418.58 3,830,321.14 0.00 - ------ --------- ----------- ----------------- -------------- ------------ ------------ ------------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - ------ --------- ------------------ ------------ ------------- A-1 81743PDX1 789,071,210.45 3,567,486.92 0.00 X-1 81743PDZ6 0.00 627,845.33 0.00 A-2 81743PDY9 148,866,568.41 1,308,931.59 0.00 X-2 81743PEA0 0.00 330,515.57 0.00 B-1 81743PED4 14,166,000.00 18,446.79 0.00 X-B 81743PEB8 0.00 14,456.88 0.00 B-2 81743PEE2 8,304,000.00 14,923.84 0.00 B-3 81743PEF9 4,884,000.00 10,395.62 0.00 B-4 81743PEG7 2,443,000.00 5,199.94 0.00 B-5 81743PEH5 1,465,000.00 3,118.26 0.00 B-6 81743PEJ1 3,908,267.00 8,318.77 0.00 A-R 81743PEC6 0.00 100.21 0.00 - ------ --------- ------------------ ------------ ------------- Totals 973,108,045.86 5,909,739.72 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 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- A-1 791,768,000.00 791,768,000.00 0.00 2,696,789.55 0.00 0.00 2,696,789.55 X-1 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 150,000,000.00 0.00 1,133,431.59 0.00 0.00 1,133,431.59 X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 14,166,000.00 14,166,000.00 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 B-2 8,304,000.00 8,304,000.00 0.00 0.00 0.00 0.00 0.00 B-3 4,884,000.00 4,884,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2,443,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,465,000.00 1,465,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,908,267.00 3,908,267.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 0.00 0.00 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- Totals 976,938,367.00 976,938,367.00 0.00 3,830,321.14 0.00 0.00 3,830,321.14 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------ ------------------ ------------------ --------------- A-1 789,071,210.45 0.99659396 2,696,789.55 X-1 0.00 0.00000000 0.00 A-2 148,866,568.41 0.99244379 1,133,431.59 X-2 0.00 0.00000000 0.00 B-1 14,166,000.00 1.00000000 0.00 X-B 0.00 0.00000000 0.00 B-2 8,304,000.00 1.00000000 0.00 B-3 4,884,000.00 1.00000000 0.00 B-4 2,443,000.00 1.00000000 0.00 B-5 1,465,000.00 1.00000000 0.00 B-6 3,908,267.00 1.00000000 0.00 A-R 0.00 0.00000000 100.00 - ------ ------------------ ------------------ --------------- Totals 973,108,045.86 0.99607926 3,830,321.14 - ------ ------------------ ------------------ ---------------
(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 - ----- -------------- ------------- ------------ ------------- ---------- ---------- --------------- A-1 791,768,000.00 1000.00000000 0.00000000 3.40603504 0.00000000 0.00000000 3.40603504 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 1000.00000000 0.00000000 7.55621060 0.00000000 0.00000000 7.55621060 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1000.00000000 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 B-2 8,304,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------------------ ------------------ --------------- A-1 996.59396496 0.99659396 3.40603504 X-1 0.00000000 0.00000000 0.00000000 A-2 992.44378940 0.99244379 7.55621060 X-2 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 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 A-R 0.00000000 0.00000000 1000.00000000
(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 - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- A-1 791,768,000.00 1.46625% 791,768,000.00 870,697.37 0.00 0.00 0.00 X-1 0.00 0.80000% 941,768,000.00 627,845.33 0.00 0.00 0.00 A-2 150,000,000.00 1.56000% 150,000,000.00 175,500.00 0.00 0.00 0.00 X-2 0.00 0.42114% 941,768,000.00 330,515.57 0.00 0.00 0.00 B-1 14,166,000.00 1.73625% 14,166,000.00 18,446.79 0.00 0.00 0.00 X-B 0.00 0.77206% 22,470,000.00 14,456.88 0.00 0.00 0.00 B-2 8,304,000.00 2.39625% 8,304,000.00 14,923.85 0.00 0.00 0.00 B-3 4,884,000.00 2.55421% 4,884,000.00 10,395.62 0.00 0.00 0.00 B-4 2,443,000.00 2.55421% 2,443,000.00 5,199.94 0.00 0.00 0.00 B-5 1,465,000.00 2.55421% 1,465,000.00 3,118.26 0.00 0.00 0.00 B-6 3,908,267.00 2.55421% 3,908,267.00 8,318.77 0.00 0.00 0.00 A-R 100.00 2.55607% 100.00 0.21 0.00 0.00 0.00 - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- Totals 976,938,367.00 2,079,418.59 0.00 0.00 0.00 - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------ -------- -------------- --------- -------------- A-1 0.00 870,697.37 0.00 789,071,210.45 X-1 0.00 627,845.33 0.00 907,319,431.93 A-2 0.00 175,500.00 0.00 148,866,568.41 X-2 0.00 330,515.57 0.00 937,937,778.86 B-1 0.00 18,446.79 0.00 14,166,000.00 X-B 0.00 14,456.88 0.00 22,470,000.00 B-2 0.00 14,923.84 0.00 8,304,000.00 B-3 0.00 10,395.62 0.00 4,884,000.00 B-4 0.00 5,199.94 0.00 2,443,000.00 B-5 0.00 3,118.26 0.00 1,465,000.00 B-6 0.00 8,318.77 0.00 3,908,267.00 A-R 0.00 0.21 0.00 0.00 - ------ -------- -------------- --------- -------------- Totals 0.00 2,079,418.58 0.00 - ------ -------- -------------- --------- --------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ---------- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- A-1 791,768,000.00 1.46625% 1000.00000000 1.09968750 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 1000.00000000 0.66666666 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 1.56000% 1000.00000000 1.17000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.42114% 1000.00000000 0.35095222 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1.73625% 1000.00000000 1.30218763 0.00000000 0.00000000 0.00000000 X-B 0.00 0.77206% 1000.00000000 0.64338585 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 2.39625% 1000.00000000 1.79718810 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 2.55421% 1000.00000000 2.12850532 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 2.55421% 1000.00000000 2.12850594 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 2.55421% 1000.00000000 2.12850512 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 2.55421% 1000.00000000 2.12850606 0.00000000 0.00000000 0.00000000 A-R 100.00 2.55607% 1000.00000000 2.10000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - ---------- ---------- -------------- ---------- ------------------- A-1 0.00000000 1.09968750 0.00000000 996.59396496 X-1 0.00000000 0.66666666 0.00000000 963.42138608 A-2 0.00000000 1.17000000 0.00000000 992.44378940 X-2 0.00000000 0.35095222 0.00000000 995.93294618 B-1 0.00000000 1.30218763 0.00000000 1000.00000000 X-B 0.00000000 0.64338585 0.00000000 1000.00000000 B-2 0.00000000 1.79718690 0.00000000 1000.00000000 B-3 0.00000000 2.12850532 0.00000000 1000.00000000 B-4 0.00000000 2.12850594 0.00000000 1000.00000000 B-5 0.00000000 2.12850512 0.00000000 1000.00000000 B-6 0.00000000 2.12850606 0.00000000 1000.00000000 A-R 0.00000000 2.10000000 0.00000000 0.00000000
(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 5,262,466.94 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 806.25 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 5,263,273.19 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 311,894.37 Payment of Interest and Principal 4,951,378.82 ------------ Total Withdrawals (Pool Distribution Amount) 5,263,273.19 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 307,416.75 Master Servicing Fee 4,477.62 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 311,894.37 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- Class 1-A Companion Sub Account 4,000.00 0.00 0.00 4,000.00 Class 1-A NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class 2-A Companion Sub Account 2,000.00 0.00 0.00 2,000.00 Class 2-A NAS Sub Account 500.00 0.00 0.00 500.00 Class X-B Sub Account 2,000.00 0.00 0.00 2,000.00
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 1 322,500.00 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 ----------------------- --------------------- --------------------- 1 322,500.00 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 0.035702% 0.033141% 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% ----------------------- --------------------- --------------------- 0.035702% 0.033141% 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 1 322,500.00 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 1 322,500.00 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 0.035702% 0.033141% 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% 0.035702% 0.033141%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 806.25
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 35,170,267.00 3.60004973% 35,170,267.00 3.61422014% 96.385780% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 3.61422014% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 3.61422014% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.15847223% 1.455748% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.30512403% 0.853348% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.80322704% 0.501897% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.55217579% 0.251051% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.40162724% 0.150549% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.401627% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- --------------------------------- --------------------------------- POOL 1 -- 1 MO LIBOR 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 - ---------------------------------- ---------------------------------- POOL 1 -- 1 MO LIBOR 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 MO LIBOR 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 1 322,500.00 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 ----------------------- --------------------- --------------------- 1 322,500.00 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 0.047985% 0.046126% 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% ----------------------- --------------------- --------------------- 0.047985% 0.046126% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ---------------------------------- ----------------------------------- POOL 1 -- 6 MO LIBOR 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 1 322,500.00 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 1 322,500.00 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 0.047985% 0.046126% 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% 0.047985% 0.046126%
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 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 - ---------------------------------- ---------------------------------- POOL 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 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 2.937315% Weighted Average Net Coupon 2.559706% Weighted Average Pass-Through Rate 2.554206% Weighted Average Maturity (Stepdown Calculation) 322 Beginning Scheduled Collateral Loan Count 2,805 Number of Loans Paid in Full 4 Ending Scheduled Collateral Loan Count 2,801 Beginning Scheduled Collateral Balance 976,938,367.00 Ending Scheduled Collateral Balance 973,108,046.81 Ending Actual Collateral Balance at 31-Dec-2003 973,108,438.42 Monthly P&I Constant 2,391,312.96 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,834,879.63 Ending Scheduled Balance for Premium Loans 973,108,046.81 Scheduled Principal 0.00 Unscheduled Principal 3,830,321.14
GROUP POOL 1 -- 1 MO LIBOR POOL 1 -- 6 MO LIBOR POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 MonthLIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.800697 2.963000 2.926419 2.937315 Weighted Average Net Rate 2.410377 2.587326 2.549852 2.559706 Pass-Through Rate 2.404877 2.581826 2.544352 2.554206 Weighted Average Maturity 307 324 323 322 Record Date 12/31/2003 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 278,985.49 1,732,861.95 379,465.52 2,391,312.96 Beginning Loan Count 243 2,087 475 2,805 Loans Paid in Full 0 3 1 4 Ending Loan Count 243 2,804 474 2,801 Beginning Scheduled Balance 119,535,472.03 701,800,234.90 155,602,661.02 976,938,367.95 Ending Scheduled Balance 119,466,562.00 699,172,255.38 154,469,229.43 973,108,046.81 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 68,910.03 2,627,979.52 1,133,431.59 3,830,321.14 Scheduled Interest 278,985.49 1,732,861.95 379,465.52 2,391,312.96 Servicing Fee 38,880.88 219,706.79 48,829.08 307,416.75 Master Servicing Fee 547.87 3,216.57 713.18 4,477.62 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 239,556.74 1,509,938.59 329,923.26 2,079,418.59 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 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.400058% Senior Percentage 96.400058% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.599942% Subordinate Prepayment Percentage 0.000000% Group Pool 1 -- 6 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.399380% Senior Percentage 96.399380% Senior Prepayment Percentage 100.000000% Subordinate Percentage 3.600620% Subordinate Prepayment Percentage 0.000000%