Wells Fargo Bank Minnesota, N.A. SMT Series 2003-5 Certificateholder Distribution Statement (December 2003)

Contract Categories: Business Operations › Administration Agreements
Summary

This document is a distribution statement prepared by Wells Fargo Bank Minnesota, N.A. as Certificate Administrator for the SMT Series 2003-5 trust. It details the interest and principal payments made to holders of various classes of certificates as of the November 28, 2003 record date and December 22, 2003 distribution date. The statement includes payment amounts, outstanding balances, and realized losses for each certificate class, in accordance with the Pooling and Servicing Agreement governing the trust.

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EX-10.1 3 f95559eexv10w1.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: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - ------------------------------------------------------------------------------------------------------------------------------------ A-1 81743PCJ3 SEN 1.43000% 655,914,133.70 781,631.01 7,082,577.26 0.00 A-2 81743PCK0 SEN 1.53125% 147,293,393.28 187,952.51 1,350,154.62 0.00 X-1A 81743PCL8 IO 1.05598% 0.00 78,118.77 0.00 0.00 X-1B 81743PCM6 IO 1.29697% 0.00 612,969.32 0.00 0.00 X-2 81743PCN4 IO 1.17614% 0.00 144,365.15 0.00 0.00 X-B 81743PCP9 IO 0.97672% 0.00 12,243.95 0.00 0.00 A-R 81743PCQ7 R 2.70197% 0.00 0.00 0.00 0.00 B-1 81743PCR5 SUB 1.72000% 15,043,000.00 21,561.63 0.00 0.00 B-2 81743PCS3 SUB 2.69672% 6,447,000.00 14,488.11 0.00 0.00 B-3 81743PCT1 SUB 2.69672% 6,017,000.00 13,521.78 0.00 0.00 B-4 SEQ0305B4 SUB 2.69672% 2,149,000.00 4,829.37 0.00 0.00 B-5 SEQ0305B5 SUB 2.69672% 1,289,000.00 2,896.72 0.00 0.00 B-6 SEQ0305B6 SUB 2.69672% 3,439,209.40 7,728.81 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------------ Totals 837,591,736.38 1,882,307.13 8,432,731.88 0.00 Certificate Class Ending Certificate Total Cumulative Class CUSIP Description Balance Distribution Realized Loss - --------------------------------------------------------------------------------------------------------- A-1 81743PCJ3 SEN 648,831,556.44 7,864,208.27 0.00 A-2 81743PCK0 SEN 145,943,238.66 1,538,107.13 0.00 X-1A 81743PCL8 IO 0.00 78,118.77 0.00 X-1B 81743PCM6 IO 0.00 612,969.32 0.00 X-2 81743PCN4 IO 0.00 144,365.15 0.00 X-B 81743PCP9 IO 0.00 12,243.95 0.00 A-R 81743PCQ7 R 0.00 0.00 0.00 B-1 81743PCR5 SUB 15,043,000.00 21,561.63 0.00 B-2 81743PCS3 SUB 6,447,000.00 14,488.11 0.00 B-3 81743PCT1 SUB 6,017,000.00 13,521.78 0.00 B-4 SEQ0305B4 SUB 2,149,000.00 4,829.37 0.00 B-5 SEQ0305B5 SUB 1,289,000.00 2,896.72 0.00 B-6 SEQ0305B6 SUB 3,439,209.40 7,728.81 0.00 - ---------------------------------------------------------------------------------------------------------- Totals 829,159,004.50 10,315,039.01 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 - ----------------------------------------------------------------------------------------------- A-1 675,596,000.00 655,914,133.70 2,027.54 7,080,549.72 0.00 A-2 149,609,000.00 147,293,393.28 233.32 1,349,921.30 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 15,043,000.00 15,043,000.00 0.00 0.00 0.00 B-2 6,447,000.00 6,447,000.00 0.00 0.00 0.00 B-3 6,017,000.00 6,017,000.00 0.00 0.00 0.00 B-4 2,149,000.00 2,149,000.00 0.00 0.00 0.00 B-5 1,289,000.00 1,289,000.00 0.00 0.00 0.00 B-6 3,439,209.40 3,439,209.40 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------- Totals 859,589,309.40 837,591,736.38 2,260.86 8,430,471.02 0.00 Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------------- A-1 0.00 7,082,577.26 648,831,556.44 0.96038395 7,082,577.26 A-2 0.00 1,350,154.62 145,943,238.66 0.97549772 1,350,154.62 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 15,043,000.00 1.00000000 0.00 B-2 0.00 0.00 6,447,000.00 1.00000000 0.00 B-3 0.00 0.00 6,017,000.00 1.00000000 0.00 B-4 0.00 0.00 2,149,000.00 1.00000000 0.00 B-5 0.00 0.00 1,289,000.00 1.00000000 0.00 B-6 0.00 0.00 3,439,209.40 1.00000000 0.00 - --------------------------------------------------------------------------------------------------- Totals 0.00 8,432,731.88 829,159,004.50 0.96459902 8,432,731.88
(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 - ---------------------------------------------------------------------------------------- A-1 675,596,000.00 970.86740256 0.00300111 10.48044944 0.00000000 A-2 149,609,000.00 984.52227660 0.00155953 9.02299527 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 1000.00000000 0.00000000 0.00000000 0.00000000 Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------------- A-1 0.00000000 10.48345055 960.38395201 0.96038395 10.48345055 A-2 0.00000000 9.02455481 975.49772179 0.97549772 9.02455481 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 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 Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----- -------------- ---------------- -------------- ------------ ---------- --------- --------- -------- A-1 675,596,000.00 1.43000% 655,914,133.70 781,631.01 0.00 0.00 0.00 0.00 A-2 149,609,000.00 1.53125% 147,293,393.28 187,952.51 0.00 0.00 0.00 0.00 X-1A 0.00 1.05598% 88,773,182.01 78,118.77 0.00 0.00 0.00 0.00 X-1B 0.00 1.29697% 567,140,951.69 612,969.32 0.00 0.00 0.00 0.00 X-2 0.00 1.17614% 147,293,393.28 144,365.15 0.00 0.00 0.00 0.00 X-B 0.00 0.97672% 15,043,000.00 12,243.95 0.00 0.00 0.00 0.00 A-R 100.00 2.70197% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,043,000.00 1.72000% 15,043,000.00 21,561.63 0.00 0.00 0.00 0.00 B-2 6,447,000.00 2.69672% 6,447,000.00 14,488.11 0.00 0.00 0.00 0.00 B-3 6,017,000.00 2.69672% 6,017,000.00 13,521.78 0.00 0.00 0.00 0.00 B-4 2,149,000.00 2.69672% 2,149,000.00 4,829.37 0.00 0.00 0.00 0.00 B-5 1,289,000.00 2.69672% 1,289,000.00 2,896.72 0.00 0.00 0.00 0.00 B-6 3,439,209.40 2.69672% 3,439,209.40 7,728.81 0.00 0.00 0.00 0.00 -------------- ------- -------------- ------------ ---- ---- ---- ---- Totals 859,589,309.40 1,882,307.13 0.00 0.00 0.00 0.00 -------------- ------------ ---- ---- ---- ---- Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ----- -------------- --------- -------------- A-1 781,631.01 0.00 648,831,556.44 A-2 187,952.51 0.00 145,943,238.66 X-1A 78,118.77 0.00 88,635,720.72 X-1B 612,969.32 0.00 560,195,835.72 X-2 144,365.15 0.00 145,943,238.66 X-B 12,243.95 0.00 15,043,000.00 A-R 0.00 0.00 0.00 B-1 21,561.63 0.00 15,043,000.00 B-2 14,488.11 0.00 6,447,000.00 B-3 13,521.78 0.00 6,017,000.00 B-4 4,829.37 0.00 2,149,000.00 B-5 2,896.72 0.00 1,289,000.00 B-6 7,728.81 0.00 3,439,209.40 ------------ ---- -------------- Totals 1,882,307.13 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 Realized Class(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - -------- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- A-1 675,596,000.00 1.43000% 970.86740256 1.15695032 0.00000000 0.00000000 0.00000000 0.00000000 A-2 149,609,000.00 1.53125% 984.52227660 1.25629147 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.05598% 987.38790964 0.86888323 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.29697% 968.33139607 1.04657834 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.17614% 984.52227660 0.96494964 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.97672% 1000.00000000 0.81393007 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.70197% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1.72000% 1000.00000000 1.43333311 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 2.69672% 1000.00000000 2.24726384 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 2.69672% 1000.00000000 2.24726276 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 2.69672% 1000.00000000 2.24726384 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 2.69672% 1000.00000000 2.24726144 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 2.69672% 1000.00000000 2.24726357 0.00000000 0.00000000 0.00000000 0.00000000 -------------- ------- ------------- ---------- ---------- ---------- ---------- ---------- Remaining Unpaid Total Interest Interest Ending Certificate/ Class(5) Distribution Shortfall Notational Balance - -------- -------------- ---------- ------------------ A-1 1.15695032 0.00000000 960.38395201 A-2 1.25629147 0.00000000 975.49772179 X-1A 0.86888323 0.00000000 985.85898375 X-1B 1.04657834 0.00000000 956.47336708 X-2 0.96494964 0.00000000 975.49772179 X-B 0.81393007 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.43333311 0.00000000 1000.00000000 B-2 2.24726384 0.00000000 1000.00000000 B-3 2.24726276 0.00000000 1000.00000000 B-4 2.24726384 0.00000000 1000.00000000 B-5 2.24726144 0.00000000 1000.00000000 B-6 2.24726357 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 10,572,425.63 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 26,381.73 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,598,807.36 Withdrawals Reimbursement for Servicer Advances 16,628.09 Payment of Service Fee 267,140.27 Payment of Interest and Principal 10,315,039.00 ------------- Total Withdrawals (Pool Distribution Amount) 10,598,807.36 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 261,905.33 Master Servicing Fee 5,234.94 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 267,140.27 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ---------------------- ---------- ----------- -------- -------- Class X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-B 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 32 9,776,843.18 30 Days 0 0.00 30 Days 0 0.00 60 Days 3 944,418.19 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 500,000.00 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 -- ------------- --- ---- --- ---- 36 11,221,261.37 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 1.428571% 1.179125% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.133929% 0.113900% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.044643% 0.060302% 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% -------- -------- -------- --------- -------- -------- 1.607143% 1.353327% 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 32 9,776,843.18 60 Days 0 0.00 60 Days 3 944,418.19 90 Days 0 0.00 90 Days 1 500,000.00 120 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 36 11,221,261.37 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 1.428571% 1.179125% 60 Days 0.000000% 0.000000% 60 Days 0.133929% 0.113900% 90 Days 0.000000% 0.000000% 90 Days 0.044643% 0.060302% 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% 1.607143% 1.353327%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 26,381.73
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 4.14687765% 95.853122% 0.000000% Class X-1-A 34,384,209.40 4.00007411% 34,384,209.40 4.14687765% 0.000000% 0.000000% Class X-1-B 34,384,209.40 4.00007411% 34,384,209.40 4.14687765% 0.000000% 0.000000% Class X-2 34,384,209.40 4.00007411% 34,384,209.40 4.14687765% 0.000000% 0.000000% Class B-1 19,341,209.40 2.25005234% 19,341,209.00 2.33262972% 1.814248% 43.749734% Class B-2 12,894,209.40 1.50004302% 12,894,209.40 1.55509490% 0.777535% 18.749886% Class B-3 6,877,209.40 0.80005758% 6,877,209.40 0.82941985% 0.725675% 17.499312% Class B-4 4,728,209.40 0.55005447% 4,728,209.40 0.57024158% 0.259178% 6.249962% Class B-5 3,439,209.40 0.40009914% 3,439,209.40 0.41478286% 0.155459% 3.748814% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.414783% 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 2 431,935.61 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 149,000.00 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 --- ---------- --- ---- --- ---- 3 580,935.61 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 1.000000% 0.467052% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.500000% 0.161114% 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% -------- --------- -------- -------- -------- -------- 1.500000% 0.628165% 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 2 431,935.61 60 Days 0 0.00 60 Days 1 149,000.00 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 3 580,935.61 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 1.000000% 0.467052% 60 Days 0.000000% 0.000000% 60 Days 0.500000% 0.161114% 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% 1.500000% 0.628165%
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 22 6,751,045.87 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 795,418.19 60 Days 0 0.00 60 Days 0 0.00 90 Days 1 500,000.00 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 --- ------------ --- ---- --- ---- 25 8,046,464.06 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 1.339014% 1.155009% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.121729% 0.136085% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.060864% 0.085543% 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% -------- -------- -------- -------- -------- -------- 1.521607% 1.376636% 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 22 6,751,045.87 60 Days 0 0.00 60 Days 2 795,418.19 90 Days 0 0.00 90 Days 1 500,000.00 120 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 25 8,046,464.06 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 1.339014% 1.155009% 60 Days 0.000000% 0.000000% 60 Days 0.121729% 0.136085% 90 Days 0.000000% 0.000000% 90 Days 0.060864% 0.085543% 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% 1.521607% 1.376636%
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 8 2,593,861.70 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 --- ------------ --- ---- --- ---- 8 2,593,861.70 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 2.015113% 1.704493% 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% -------- -------- -------- -------- -------- -------- 2.015113% 1.704493% 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 8 2,593,861.70 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 8 2,593,861.70 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 2.015113% 1.704493% 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% 2.015113% 1.704493%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.079468% Weighted Average Net Coupon 2.704242% Weighted Average Pass-Through Rate 2.696742% Weighted Average Maturity (Stepdown Calculation) 333 Beginning Scheduled Collateral Loan Count 2,255 Number of Loans Paid in Full 15 Ending Scheduled Collateral Loan Count 2,240 Beginning Scheduled Collateral Balance 837,591,736.38 Ending Scheduled Collateral Balance 829,159,004.50 Ending Actual Collateral Balance at 28-Nov-2003 829,161,007.21 Monthly P&I Constant 2,151,708.27 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,237,768.64 Ending Scheduled Balance for Premium Loans 829,159,004.50 Scheduled Principal 2,260.86 Unscheduled Principal 8,430,471.02
MISCELLANEOUS REPORTING Pro Rata Senior Percent - Group 1 95.884945% Pro Rata Senior Percent - Group 2 95.939106% 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 2.868478 3.109748 3.090044 3.079468 Weighted Average Net Rate 2.493478 2.734467 2.714894 2.704242 Pass-Through Rate 2.485978 2.726967 2.707394 2.696742 Weighted Average Maturity 318 336 333 333 Record Date 11/28/2003 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 221,364.47 1,534,770.22 395,573.58 2,151,708.77 Beginning Loan Count 200 1,655 400 2,225 Loans Paid in Full 0 12 3 15 Ending Loan Count 200 1,643 397 2,240 Beginning Scheduled Balance 92,583,024.60 591,480,709.59 153,528,002.19 837,591,736.38 Ending Scheduled Balance 92,481,187.39 584,499,969.54 152,177,847.57 829,159,004.50 Scheduled Principal 54.16 1,973.38 233.32 2,260.86 Unscheduled Principal 101,783.05 6,978,766.67 1,349,921.30 8,430,471.02 Scheduled Interest 221,310.31 1,532,796.84 395,340.26 2,149,447.41 Servicing Fee 28,932.19 184,976.37 47,996.77 261,905.33 Master Servicing Fee 578.64 3,696.75 959.55 5,234.94 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 191,799.48 1,344,123.72 346,383.94 1,882,307.14 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