Wells Fargo Bank Minnesota, N.A. SMT Series 2003-4 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 2003-4 trust. It summarizes the interest and principal payments made to certificateholders as of the December 22, 2003 distribution date, based on the Pooling and Servicing Agreement. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all calculations were made in accordance with the governing agreement. No realized losses are reported for this period.

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EX-10.1 3 f95574exv10w1.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 2003-4 RECORD DATE: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Current Ending Cumulative Class Pass-Through Certificate Interest Principal Realized Certificate Total Realized Class CUSIP Description Rate Balance Distribution Distribution Loss Balance Distribution Loss - ------ --------- ----------- ------------ -------------- ------------ ------------ -------- -------------- ------------ ---------- 1-A-1 81743PBH8 SEN 1.43000% 145,152,616.80 172,973.53 1,375,922.60 0.00 143,776,994.20 1,548,896.13 0.00 1-A-2 81743PBJ4 SEN 1.45375% 148,090,672.75 179,405.68 615,154.85 0.00 147,475,517.90 794,560.53 0.00 1-X-1A 81743PBM7 IO 0.88493% 0.00 50,790.06 0.00 0.00 0.00 50,790.06 0.00 1-X-1B 81743PBN5 IO 1.04002% 0.00 66,110.24 0.00 0.00 0.00 66,110.24 0.00 1-X-2 81743PBP0 IO 1.01429% 0.00 125,171.95 0.00 0.00 0.00 125,171.95 0.00 1-X-B 81743PBQ8 IO 0.66259% 0.00 2,133.53 0.00 0.00 0.00 2,133.53 0.00 1-A-R 81743PBL9 R 2.39032% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1-B-1 81743PBK1 SUB 1.77000% 3,864,000.00 5,699.40 0.00 0.00 3,864,000.00 5,699.40 0.00 1-B-2 81743PBR6 SUB 2.43240% 2,628,000.00 5,326.95 0.00 0.00 2,628,000.00 5,326.95 0.00 1-B-3 81743PBS4 SUB 2.43240% 1,546,000.00 3,133.74 0.00 0.00 1,546,000.00 3,133.74 0.00 1-B-4 81743PBT2 SUB 2.43240% 773,000.00 1,566.87 0.00 0.00 773,000.00 1,566.87 0.00 1-B-5 81743PBU9 SUB 2.43240% 464,000.00 940.53 0.00 0.00 464,000.00 940.53 0.00 1-B-6 81743PBV7 SUB 2.43240% 1,236,668.87 2,506.72 0.00 0.00 1,236,668.87 2,506.72 0.00 2-A-1 81743PBW5 SEN 1.47000% 182,656,968.91 223,754.79 50,961.29 0.00 182,606,007.62 274,716.08 0.00 2-M-1 81743PBX3 MEZ 1.59000% 9,986,000.00 13,231.45 0.00 0.00 9,986,000.00 13,231.45 0.00 2-X-1 81743PCA2 IO 0.91954% 0.00 139,967.36 0.00 0.00 0.00 139,967.36 0.00 2-X-M 81743PCB0 IO 0.79954% 0.00 6,653.53 0.00 0.00 0.00 6,653.53 0.00 2-X-B 81743PCC8 IO 0.61954% 0.00 1,222.05 0.00 0.00 0.00 1,222.05 0.00 2-A-R 81743PBZ8 R 2.34132% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2-B-1 81743PBY1 SUB 1.77000% 2,367,000.00 3,491.33 0.00 0.00 2,367,000.00 3,491.33 0.00 2-B-2 81743PCD6 SUB 2.38954% 824,000.00 1,640.82 0.00 0.00 824,000.00 1,640.82 0.00 2-B-3 81743PCE4 SUB 2.38954% 1,235,000.00 2,459.24 0.00 0.00 1,235,000.00 2,459.24 0.00 2-B-4 81743PCF1 SUB 2.38954% 618,000.00 1,230.61 0.00 0.00 618,000.00 1,230.61 0.00 2-B-5 81743PCG9 SUB 2.38954% 515,000.00 1,025.51 0.00 0.00 515,000.00 1,025.51 0.00 2-B-6 81743PCH7 SUB 2.38954% 1,845.10 0.00 0.00 926,589.00 1,845.10 0.00 - ------ --------- ---------- ---------- -------------- ------------ ------------ ---- -------------- ------------ ---- Totals 1,012,280.99 2,042,038.74 0.00 500,841,477.59 3,054,319.73 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 Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------ --------- 1-A-1 148,641,000.00 145,152,616.80 0.00 1,375,922.60 0.00 1-A-2 150,000,000.00 148,090,672.75 0.00 615,514.85 0.00 1-X-1A 0.00 0.00 0.00 0.00 0.00 1-X-1B 0.00 0.00 0.00 0.00 0.00 1-X-2 0.00 0.00 0.00 0.00 0.00 1-X-B 0.00 0.00 0.00 0.00 0.00 1-A-R 100.00 0.00 0.00 0.00 0.00 1-B-1 3,864,000.00 3,864,000.00 0.00 0.00 0.00 1-B-2 2,628,000.00 2,628,000.00 0.00 0.00 0.00 1-B-3 1,546,000.00 1,546,000.00 0.00 0.00 0.00 1-B-4 773,000.00 773,000.00 0.00 0.00 0.00 1-B-5 464,000.00 464,000.00 0.00 0.00 0.00 1-B-6 1,236,668.87 1,236,668.87 0.00 0.00 0.00 2-A-1 189,415,000.00 182,656,968.91 9,443.05 41,518.24 0.00 2-M-1 9,986,000.00 9,986,000.00 0.00 0.00 0.00 2-X-1 0.00 0.00 0.00 0.00 0.00 2-X-M 0.00 0.00 0.00 0.00 0.00 2-X-B 0.00 0.00 0.00 0.00 0.00 2-A-R 100.00 0.00 0.00 0.00 0.00 2-B-1 2,367,000.00 2,367,000.00 0.00 0.00 0.00 2-B-2 824,000.00 824,000.00 0.00 0.00 0.00 2-B-3 1,235,000.00 1,235,000.00 0.00 0.00 0.00 2-B-4 618,000.00 618,000.00 0.00 0.00 0.00 2-B-5 515,000.00 515,000.00 0.00 0.00 0.00 2-B-6 926,589.00 926,589.00 0.00 0.00 0.00 - ------ -------------- -------------- -------- ------------ ---- Totals 515,039,457.87 502,883,516.33 9,443.05 2,032,595.69 0.00 - ------ -------------- -------------- -------- ------------ ----
Total Ending Ending Total Realized Principal Certificate Certificate Principal Loss (1) Reduction Balance Percentage Distribution - -------- ------------ -------------- ----------- ------------ 0.00 1,375,922.60 143,776,694.20 0.96727480 1,375,922.60 0.00 615,154.85 147,475,517.90 0.98317012 615,154.85 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 3,864,000.00 1.00000000 0.00 0.00 0.00 2,628,000.00 1.00000000 0.00 0.00 0.00 1,546,000.00 1.00000000 0.00 0.00 0.00 773,000.00 1.00000000 0.00 0.00 0.00 464,000.00 1.00000000 0.00 0.00 0.00 1,236,668.87 1.00000000 0.00 0.00 50,961.29 182,606,007.62 0.96405252 50,961.29 0.00 0.00 9,986,000.00 1.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 0.00 0.00000000 0.00 0.00 0.00 2,367,000.00 1.00000000 0.00 0.00 0.00 824,000.00 1.00000000 0.00 0.00 0.00 1,235,000.00 1.00000000 0.00 0.00 0.00 618,000.00 1.00000000 0.00 0.00 0.00 515,000.00 1.00000000 0.00 0.00 0.00 926,589.00 1.00000000 0.00 ---- ------------ -------------- ---------- ------------ 0.00 2,042,038.74 500,841,477.59 0.97243322 2,042,038.74 ---- ------------ -------------- ---------- ------------
(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 Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------ ----------- 1-A-1 148,641,000.00 976.53148727 0.00000000 9.25668288 0.00000000 1-A-2 150,000,000.00 987.27115167 0.00000000 4.10103233 0.00000000 1-X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-2 2,628,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-3 1,546,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-4 773,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-5 464,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 1-B-6 1,236,668.87 1000.00000000 0.00000000 0.00000000 0.00000000 2-A-1 189,415,000.00 964.32156329 0.04985376 0.21919193 0.00000000 2-M-1 9,986,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-X-M 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-R 100.00 0.00000000 0.0000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-2 824,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-3 1,235,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-4 618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-5 515,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-B-6 926,589.00 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total Realized Principal Certificate Certificate Principal Loss (3) Reduction Balance Percentage Distribution - ---------- ---------- ------------- ----------- ------------ 0.00000000 9.25668288 967.27480439 0.96727480 9.25668288 0.00000000 4.10103233 983.17011933 0.98317012 4.10103233 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.26904569 964.05251759 0.96405252 0.26904569 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 0.00000000 0.00000000 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 Current Certificate/ Current Unpaid Original Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall - ------ --------------- ----------- -------------- ------------ ---------- 1-A-1 148,641,000.00 1.43000% 145,152,616.80 172,973.54 0.00 1-A-2 150,000,000.00 1.45375% 148,090,672.75 179,405.68 0.00 1-X-1A 0.00 0.88493% 68,873,164.50 50,790.06 0.00 1-X-1B 0.00 1.04002% 76,279,452.30 66,110.24 0.00 1-X-2 0.00 1.01429% 148,090,672.75 125,171.95 0.00 1-X-B 0.00 0.66259% 3,864,000.00 2,133.53 0.00 1-A-R 100.00 2.39032% 0.00 0.00 0.00 1-B-1 3,864,000.00 1.77000% 3,864,000.00 5,699.40 0.00 1-B-2 2,628,000.00 2.43240% 2,628,000.00 5,326.95 0.00 1-B-3 1,546,000.00 2.43240% 1,546,000.00 3,133.74 0.00 1-B-4 773,000.00 2.43240% 773,000.00 1,566.87 0.00 1-B-5 464,000.00 2.43240% 464,000.00 940.53 0.00 1-B-6 1,236,668.87 2.43240% 1,236,668.87 2,506.72 0.00 2-A-1 189,415,000.00 1.47000% 182,656,968.91 223,754.79 0.00 2-M-1 9,986,000.00 1.59000% 9,986,000.00 13,231.45 0.00 2-X-1 0.00 0.91954% 182,656,968.91 139,967.36 0.00 2-X-M 0.00 0.79954% 9,986,000.00 6,653.53 0.00 2-X-B 0.00 0.61954% 2,367,000.00 1,222.05 0.00 2-A-R 100.00 2.34132% 0.00 0.00 0.00 2-B-1 2,367,000.00 1.77000% 2,367,000.00 3,491.33 0.00 2-B-2 824,000.00 2.38954% 824,000.00 1,640.82 0.00 2-B-3 1,235,000.00 2.38954% 1,235,000.00 2,459.24 0.00 2-B-4 618,000.00 2.38954% 618,000.00 1,230.61 0.00 2-B-5 515,000.00 2.38954% 515,000.00 1,025.51 0.00 2-B-6 926,589.00 2.38954% 926,589.00 1,845.10 0.00 - ------ -------------- ---------- -------------- ------------ ---- Totals 515,039,457.87 1,012,281.00 0.00 - ------ -------------- ---------- -------------- ------------ ----
Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Shortfall Shortfall Loss (4) Distribution Shortfall Balance - --------- --------- -------- -------------- --------- -------------- 0.00 0.00 0.00 172,973.53 0.00 143,776,694.20 0.00 0.00 0.00 179,405.68 0.00 147,475,517.90 0.00 0.00 0.00 50,790.06 0.00 68,604,808.91 0.00 0.00 0.00 66,110.24 0.00 75,171,885.29 0.00 0.00 0.00 125,171.95 0.00 147,475,517.90 0.00 0.00 0.00 2,133.53 0.00 3,864,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,699.40 0.00 3,864,000.00 0.00 0.00 0.00 5,326.95 0.00 2,628,000.00 0.00 0.00 0.00 3,133.74 0.00 1,546,000.00 0.00 0.00 0.00 1,566.87 0.00 773,000.00 0.00 0.00 0.00 940.53 0.00 464,000.00 0.00 0.00 0.00 2,506.72 0.00 1,236,668.87 0.00 0.00 0.00 223,754.79 0.00 182,606,007.62 0.00 0.00 0.00 13,231.45 0.00 9,986,000.00 0.00 0.00 0.00 139,967.36 0.00 182,606,007.62 0.00 0.00 0.00 6,653.53 0.00 9,986,000.00 0.00 0.00 0.00 1,222.05 0.00 2,367,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,491.33 0.00 2,367,000.00 0.00 0.00 0.00 1,640.82 0.00 824,000.00 0.00 0.00 0.00 2,459.24 0.00 1,235,000.00 0.00 0.00 0.00 1,230.61 0.00 618,000.00 0.00 0.00 0.00 1,025.51 0.00 515,000.00 0.00 0.00 0.00 1,845.10 0.00 926,589.00 ---- ---- ---- ------------ ---- -------------- 0.00 0.00 0.00 1,012,280.99 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 Current Beginning Current Unpaid Original Face Certificate Certificate/ Accrued Interest Class (5) Amount Rate Notional Balance Interest Shortfall - --------- -------------- ----------- ---------------- ---------- ---------- 1-A-1 148,641,000.00 1.43000% 976.53148727 1.16370006 0.00000000 1-A-2 150,000,000.00 1.45375% 987.27115167 1.19603787 0.00000000 1-X-1A 0.00 0.88493% 978.85097556 0.72184718 0.00000000 1-X-1B 0.00 1.04002% 974.44664338 0.84453807 0.00000000 1-X-2 0.00 1.01429% 987.27115167 0.83447967 0.00000000 1-X-B 0.00 0.66259% 1000.00000000 0.55215580 0.00000000 1-A-R 100.00 2.39032% 0.00000000 0.00000000 0.00000000 1-B-1 3,864,000.00 1.77000% 1000.00000000 1.47500000 0.00000000 1-B-2 2,628,000.00 2.43240% 1000.00000000 2.02699772 0.00000000 1-B-3 1,546,000.00 2.43240% 1000.00000000 2.02699871 0.00000000 1-B-4 773,000.00 2.43240% 1000.00000000 2.02699871 0.00000000 1-B-5 464,000.00 2.43240% 1000.00000000 2.02700431 0.00000000 1-B-6 1,236,668.87 2.43240% 1000.00000000 2.02699369 0.00000000 2-A-1 189,415,000.00 1.47000% 964.32156329 1.18129393 0.00000000 2-M-1 9,986,000.00 1.59000% 1000.00000000 1.32500000 0.00000000 2-X-1 0.00 0.91954% 964.32156329 0.73894549 0.00000000 2-X-M 0.00 0.79954% 000.00000000 0.66628580 0.00000000 2-X-B 0.00 0.61954% 1000.00000000 0.51628644 0.00000000 2-A-R 100.00 2.34132% 0.00000000 0.00000000 0.00000000 2-B-1 2,367,000.00 1.77000% 1000.00000000 1.47500211 0.00000000 2-B-2 824,000.00 2.38954% 1000.00000000 1.99128641 0.00000000 2-B-3 1,235,000.00 2.38954% 1000.00000000 1.99128745 0.00000000 2-B-4 618,000.00 2.38954% 1000.00000000 1.99127832 0.00000000 2-B-5 515,000.00 2.38954% 1000.00000000 1.99128155 0.00000000 2-B-6 926,589.00 2.38954% 1000.00000000 1.99128200 0.00000000
Non- Remaining Current Supported Unpaid Interest Interest Realized Total Interest Interest Ending Certificate/ Shortfall Shortfall Loss (6) Distribution Shortfall Notational Balance - ---------- ---------- ---------- -------------- ---------- ------------------- 0.00000000 0.00000000 0.00000000 1.16369999 0.00000000 967.27480439 0.00000000 0.00000000 0.00000000 1.19603787 0.00000000 983.17011933 0.00000000 0.00000000 0.00000000 0.72184718 0.00000000 975.03700631 0.00000000 0.00000000 0.00000000 0.84453807 0.00000000 960.29781401 0.00000000 0.00000000 0.00000000 0.83447967 0.00000000 983.17011933 0.00000000 0.00000000 0.00000000 0.55215580 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1.47500000 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 2.02699772 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 2.02699871 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 2.02699871 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 2.02700431 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 2.02699369 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.18129393 0.00000000 964.05251759 0.00000000 0.00000000 0.00000000 1.32500000 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 0.73894549 0.00000000 964.05251759 0.00000000 0.00000000 0.00000000 0.66628580 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 0.51628644 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1.47500211 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.99128641 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.99128745 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.99127832 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.99128155 0.00000000 1000.00000000 0.00000000 0.00000000 0.00000000 1.99128200 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 3,198,274.07 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,798.88 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 3,200,072.95 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 145,753.22 Payment of Interest and Principal 3,054,319.73 ------------ Total Withdrawals (Pool Distribution Amount) 3,200,072.95 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 144,705.55 Master Servicing Fee 1,047.67 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 145,753.22 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ --------- ----------- -------- -------- 1-X-1A Reserve Fund 4,000.00 0.00 0.00 4,000.00 1-X-2 Reserve Fund 4,000.00 0.00 0.00 4,000.00 1-X-1B Reserve Fund 2,000.00 0.00 0.00 2,000.00 2-X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 2-X-B Reserve Fund 2,500.00 0.00 0.00 2,500.00 2-X-M Reserve Fund 2,500.00 0.00 0.00 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 1 959,400.00 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 --------- --------- --------- --------- --------- --------- 1 959,400.00 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 0.097276% 0.191558% 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% --------- --------- --------- --------- --------- --------- 0.097276% 0.191558% 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 1 959,400.00 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 1 959,400.00 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 0.097276% 0.191558% 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% 0.097276% 0.191558%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,798.88 GROUP 1A - 1 MO.
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 1 959,400.00 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 --------- --------- --------- --------- --------- --------- 1 959,400.00 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 0.625000% 1.349342% 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% --------- --------- --------- --------- --------- --------- 0.625000% 1.349342% 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 1 959,400.00 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 1 959,400.00 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 0.625000% 1.349342% 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% 0.625000% 1.349342%
Group 1A - 6 Mo.
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ----------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance --------- --------- --------- --------- --------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- --------- --------- --------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance --------- --------- --------- --------- --------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ----------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance --------- --------- --------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- --------- --------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance --------- --------- --------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000%
GROUP 1B
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ----------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance --------- --------- ----------- ----------- --------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- ----------- ----------- --------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance --------- --------- ----------- ----------- --------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ----------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance ---------- ----------- --------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---------- ----------- --------- --------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance ---------- ----------- --------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000%
Group 2
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------- ----------------------------------- ---------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance --------- --------- --------- --------- ----------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- --------- --------- ----------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance --------- --------- --------- --------- ----------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ----------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance --------- --------- --------- --------- 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------- --------- --------- --------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance --------- --------- --------- --------- 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------- --------- --------- --------- 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.763344% Weighted Average Net Coupon 2.418042% Weighted Average Pass-Through Rate 2.415542% Weighted Average Maturity (Stepdown Calculation) 319 Beginning Scheduled Collateral Loan Count 1,031 Number of Loans Paid in Full 3 Ending Scheduled Collateral Loan Count 1,028 Beginning Scheduled Collateral Balance 502,883,517.08 Ending Scheduled Collateral Balance 500,841,478.34 Ending Actual Collateral Balance at 28-Nov-2003 500,841,478.34 Monthly P&I Constant 1,167,476.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 500,841,478.34 Scheduled Principal 9,443.05 Unscheduled Principal 2,032,595.69
MISCELLANEOUS REPORTING
Group 1A Pro Rata Senior Percentage 96.520918% Group 1B Pro Rata Senior Percentage 96.557572% Group 2 Pro Rata Senior Percentage 91.728163% Group 1A Senior Percentage 100.000000% Group 1B Senior Percentage 100.000000% Group 2 Senior Percentage 100.000000% Group 1A Senior Prepayment Percentage 100.000000% Group 1B Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 1 Subordinate Percentage 0.000000% Group 2 Subordinate Percentage 0.000000% Group 1 Subordinate Prepay Percentage 0.000000% Group 2 Subordinate Prepay Percentage 0.000000%
GROUP GROUP 1A - 1 MO GROUP 1A - 6 MO GROUP 1B GROUP 2 TOTAL ----- ---------------- ---------------- ---------------- ----------------- ---------------- Collateral Description 1 Month 6 Month 6 Month 1 Month LIBOR ARM LIBOR ARM LIBOR ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.692432 2.847522 2.845536 2.692042 2.763344 Weighted Average Net Rate 2.317432 2.472522 2.470536 2.392042 2.418042 Pass-Through Rate 2.314932 2.470022 2.468036 2.389542 2.415542 Weighted Average Maturity 295 295 295 348 319 Record Date 11/28/2003 11/28/2003 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 160,100.28 187,530.51 363,684.05 456,161.82 1,167,476.66 Beginning Loan Count 161 238 421 211 1,031 Loans Paid in Full 1 2 0 0 3 Ending Loan Count 160 236 421 211 1,028 Beginning Scheduled Balance 71,355,687.72 79,028,934.08 153,370,336.62 199,128,558.66 502,883,517.08 Ending Scheduled Balance 71,101,324.12 77,907,375.08 152,755,181.77 199,077,597.37 500,841,478.34 Scheduled Principal 0.00 0.00 0.00 9,443.05 9,443.05 Unscheduled Principal 254,363.60 1,121,559.00 615,154.85 41,518.24 2,032,595.69 Scheduled Interest 160,100.28 187,530.51 363,684.05 446,718.77 1,158,033.61 Servicing Fee 22,298.65 24,696.54 47,928.23 49,782.13 144,705.55 Master Servicing Fee 0.00 0.00 0.00 0.00 0.00 Trustee Fee 148.66 164.64 319.52 414.85 1,047.67 FRY Amount 0.00 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 0.00 Net Interest 137,652.97 162,669.33 315,436.30 396,521.79 1,012,280.39 Realized Loss Amount 0.00 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00 0.00