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EX-10.1 3 f95559kexv10w1.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 2003-7 RECORD DATE: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------------------------------------------------------------------------------------------ A-1 81743PDK9 SEN 1.43875% 290,000,000.00 289,748.26 A-2 81743PDL7 SEN 1.57375% 505,100,000.00 552,014.67 X-1 81743PDM5 IO 0.80000% 0.00 530,066.66 X-2 81743PDN3 IO 0.60089% 0.00 398,141.34 A-R 81743PDQ6 RES 2.63063% 100.00 0.22 B-1 81743PDR4 SUB 1.66875% 16,607,000.00 19,245.09 B-2 81743PDS2 SUB 2.67132% 6,642,000.00 14,785.75 B-3 81743PDT0 SUB 2.67132% 4,982,000.00 11,090.42 B-4 SMT0307B4 SUB 2.67132% 2,490,000.00 5,542.99 B-5 SMT0307B5 SUB 2.67132% 1,660,000.00 3,695.32 B-6 SMT0307B6 SUB 2.67132% 2,910,544.86 6,479.16 X-B 81743PDP8 IO 1.28069% 0.00 17,723.73 - ----------------------------------------------------------------------------------------- Totals 830,391,644.86 1,848,533.61 - ----------------------------------------------------------------------------------------- Principal Current Ending Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ----------------------------------------------------------------------------------------------- A-1 1,692,979.96 0.00 288,307,020.04 1,982,728.22 0.00 A-2 2,547,400.76 0.00 502,552,599.24 3,099,415.43 0.00 X-1 0.00 0.00 0.00 530,066.66 0.00 X-2 0.00 0.00 0.00 398,141.34 0.00 A-R 100.00 0.00 0.00 100.22 0.00 B-1 0.00 0.00 16,607,000.00 19,245.09 0.00 B-2 0.00 0.00 6,642,000.00 14,785.75 0.00 B-3 0.00 0.00 4,982,000.00 11,090.42 0.00 B-4 0.00 0.00 2,490,000.00 5,542.99 0.00 B-5 0.00 0.00 1,660,000.00 3,695.32 0.00 B-6 0.00 0.00 2,910,544.86 6,479.16 0.00 X-B 0.00 0.00 0.00 17,723.73 0.00 - ------------------------------------------------------------------------------------------ Totals 4,240,480.72 0.00 826,151,164.14 6,089,014.33 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 Class Amount Balance Distribution Distribution Accretion Loss (1) - ---------------------------------------------------------------------------------------------------- A-1 290,000,000.00 290,000,000.00 0.00 1,692,979.96 0.00 0.00 A-2 505,100,000.00 505,100,000.00 0.00 2,547,400.76 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 100.00 0.00 100.00 0.00 0.00 B-1 16,607,000.00 16,607,000.00 0.00 0.00 0.00 0.00 B-2 6,642,000.00 6,642,000.00 0.00 0.00 0.00 0.00 B-3 4,982,000.00 4,982,000.00 0.00 0.00 0.00 0.00 B-4 2,490,000.00 2,490,000.00 0.00 0.00 0.00 0.00 B-5 1,660,000.00 1,660,000.00 0.00 0.00 0.00 0.00 B-6 2,910,544.86 2,910,544.86 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------- Totals 830,391,644.8 6 830,391,644.86 0.00 4,240,480.72 0.00 0.00 - -------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------- A-1 1,692,979.96 288,307,020.04 0.99416214 1,692,979.96 A-2 2,547,400.76 502,552,599.24 0.99495664 2,547,400.76 X-1 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00000000 0.00 A-R 100.00 0.00 0.00000000 100.00 B-1 0.00 16,607,000.00 1.00000000 0.00 B-2 0.00 6,642,000.00 1.00000000 0.00 B-3 0.00 4,982,000.00 1.00000000 0.00 B-4 0.00 2,490,000.00 1.00000000 0.00 B-5 0.00 1,660,000.00 1.00000000 0.00 B-6 0.00 2,910,544.86 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 - ------------------------------------------------------------------------------------- Totals 4,240,480.72 826,151,164.14 0.99489340 4,240,480.72 - -------------------------------------------------------------------------------------
(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 Class Amount Balance Distribution Distribution Accretion Loss (3) - ------------------------------------------------------------------------------------------------------- A-1 290,000,000.00 1000.00000000 0.00000000 5.83786193 0.00000000 0.00000000 A-2 505,100,000.00 1000.00000000 0.00000000 5.04335926 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 1000.00000000 0.00000000 1000.00000000 0.00000000 0.00000000 B-1 16,607,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,642,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,982,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,490,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,910,544.86 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------------- A-1 5.83786193 994.16213807 0.99416214 5.83786193 A-2 5.04335926 949.95664074 0.99495664 5.04335926 X-1 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 A-R 1000.00000000 0.00000000 0.00000000 1000.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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-1 290,000,000.00 1.43875% 290,000,000.00 289,748.26 0.00 0.00 0.00 0.00 A-2 505,100,000.00 1.57375% 505,100,000.00 552,014.67 0.00 0.00 0.00 0.00 X-1 0.00 0.80000% 795,100,000.00 530,066.67 0.00 0.00 0.00 0.00 X-2 0.00 0.60089% 795,100,000.00 398,141.34 0.00 0.00 0.00 0.00 A-R 100.00 2.63063% 100.00 0.22 0.00 0.00 0.00 0.00 B-1 16,607,000.00 1.66875% 16,607,000.00 19,245.09 0.00 0.00 0.00 0.00 B-2 6,642,000.00 2.67132% 6,642,000.00 14,785.75 0.00 0.00 0.00 0.00 B-3 4,982,000.00 2.67132% 4,982,000.00 11,090.42 0.00 0.00 0.00 0.00 B-4 2,490,000.00 2.67132% 2,490,000.00 5,542.99 0.00 0.00 0.00 0.00 B-5 1,660,000.00 2.67132% 1,660,000.00 3,695.32 0.00 0.00 0.00 0.00 B-6 2,910,544.86 2.67132% 2,910,544.86 6,479.16 0.00 0.00 0.00 0.00 X-B 0.00 1.28069% 16,607,000.00 17,723.73 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------ Totals 830,391,644.86 1,848,533.62 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------------------------------------------------- A-1 289,748.26 0.00 288,307,020.04 A-2 552,014.67 0.00 502,552,599.24 X-1 530,066.66 0.00 769,568,863.95 X-2 398,141.34 0.00 790,859,619.28 A-R 0.22 0.00 0.00 B-1 19,245.09 0.00 16,607,000.00 B-2 14,785.75 0.00 6,642,000.00 B-3 11,090.42 0.00 4,982,000.00 B-4 5,542.99 0.00 2,490,000.00 B-5 3,695.32 0.00 1,660,000.00 B-6 6,478.16 0.00 2,910,544.86 X-B 17,723.73 0.00 16,607,000.00 - ------------------------------------------------- Totals 1,848,533.61 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-1 290,000,000.00 1.43875% 1000.00000000 0.99913193 0.00000000 0.00000000 0.00000000 0.00000000 A-2 505,100,000.00 1.57375% 1000.00000000 1.09288194 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 1000.00000000 0.66666667 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.60089% 1000.00000000 0.50074373 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.63063% 1000.00000000 2.20000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 16,607,000.00 1.66875% 1000.00000000 1.15885410 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,642,000.00 2.67132% 1000.00000000 2.22609907 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,982,000.00 2.67132% 1000.00000000 2.22609795 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,490,000.00 2.67132% 1000.00000000 2.22610040 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,660,000.00 2.67132% 1000.00000000 2.22609639 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,910,544.86 2.67132% 1000.00000000 2.22609866 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 1.28069% 1000.00000000 1.06724454 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Total Interest Interest Ending Certificate/ Class (5) Distribution Shortfall Notational Balance - ------------------------------------------------------------- A-1 0.99913193 0.00000000 994.16213807 A-2 1.09288194 0.00000000 994.95660474 X-1 0.66666666 0.00000000 967.88940253 X-2 0.50074373 0.00000000 994.66685861 A-R 2.20000000 0.00000000 0.00000000 B-1 1.15885410 0.00000000 1000.00000000 B-2 2.22609907 0.00000000 1000.00000000 B-3 2.22609795 0.00000000 1000.00000000 B-4 2.22610040 0.00000000 1000.00000000 B-5 2.22609639 0.00000000 1000.00000000 B-6 2.22609866 0.00000000 1000.00000000 X-B 1.06724454 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 6,307,111.81 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,089.02 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,319,200.83 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 230,186.50 Payment of Interest and Principal 6,089,014.33 ------------ Total Withdrawals (Pool Distribution Amount) 6,319,200.83 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 226,264.58 Master Servicing Fee 3,921.92 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 230,186.50 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------- Pool 1 Companion Reserve Fund 4,000.00 0.00 0.00 4,000.00 Pool 1 NAS Reserve Fund 1,000.00 0.00 0.00 1,000.00 Pool 2 Companion Reserve Fund 500.00 0.00 0.00 500.00 Pool 2 NAS Reserve Fund 2,000.00 0.00 0.00 2,000.00 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 21 5,527,839.58 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 ------------------------- --------------------- --------------------- 21 5,527,839.58 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 0.989632% 0.767959% 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% ----------------------- -------------------- -------------------- 0.989632% 0.767959% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------------------------------------------------ No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 21 5,527,839.58 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 21 5,527,839.58 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 0.989632% 0.767959% 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% 0.989632% 0.767959%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 12,089.02
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 35,291,544.86 4.24998795% 35,291,544.86 4.90292310% 109.871186% 0.000000% Class X-1 35,291,544.86 4.24998795% 35,291,544.86 4.90292310% 0.000000% 0.000000% Class X-2 35,291,544.86 4.24998795% 35,291,544.86 4.90292310% 0.000000% 0.000000% Class B-1 18,684,544.86 2.25008825% 18,684,544.86 2.59577434% 2.307149% 47.056597% Class B-2 12,042,544.86 1.45022471% 12,042,544.86 1.67302598% 0.922748% 18.820372% Class B-3 7,060,544.86 0.85026685% 7,060,544.86 0.98089524% 0.692131% 14.116696% Class B-4 4,750,544.86 0.55040834% 4,750,544.86 0.64396880% 0.345926% 7.055514% Class B-5 2,910,544.86 0.35050267% 2,910,544.86 0.40435117% 0.230618% 4.703676% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.404351% 8.247145%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------- GROUP ONE - A 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 3 1,436,913.07 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 -------- ------------ -------- --------- ------- --------- 3 1,436,913.07 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 1.363636% 1.770503% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.363636% 1.770503% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------------------------------------------- GROUP ONE - A 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 3 1,436,913.07 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 3 1,436,913.07 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 1.363636% 1.770503% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- ------------ 0.000000% 0.000000% 1.363636% 1.770503%
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------- GROUP ONE - B 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 3 681,950.00 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 -------- ---------- ------- ---- ----- ----- 3 681,950.00 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 0.553506% 0.37628'1% 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% -------- --------- -------- -------- -------- -------- 0.553506% 0.37628'1% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------------------------------------------ GROUP ONE - B 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 3 681,950.00 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 3 681,950.00 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 0.553506% 0.37628'1% 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% 0.553506% 0.37628'1%
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------- GROUP TWO 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 15 3,408,976.51 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 -------- ------------ ------- -------- ------- ------ 15 3,408,976.51 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 1.102941% 0.745267% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 1.102941% 0.745267% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ------------------------------------------------------------------------ GROUP TWO 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 15 3,408,976.51 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 15 3,408,976.51 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 1.102941% 0.745267% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ------------------- -------------------- 0.000000% 0.000000% 1.102941% 0.745267%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.051986% Weighted Average Net Coupon 2.725011% Weighted Average Pass-Through Rate 2.670486% Weighted Average Maturity (Stepdown Calculation) 351 Beginning Scheduled Collateral Loan Count 2,128 Number of Loans Paid in Full 6 Ending Scheduled Collateral Loan Count 2,122 Beginning Scheduled Collateral Balance 830,391,645.00 Ending Scheduled Collateral Balance 719,806,208.75 Ending Actual Collateral Balance at 28-Nov-2003 719,809,418.11 Monthly P&I Constant 1,841,483.64 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,010,451.88 Ending Scheduled Balance for Premium Loans 719,806,208.75 Scheduled Principal 0.00 Unscheduled Principal 4,240,480.72
GROUP GROUP ONE - A GROUP ONE - B GROUP TWO TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.849629 3.083490 3.075345 3.051986 Weighted Average Net Rate 2.474629 2.708490 2.700345 2.725011 Pass-Through Rate 2.468129 2.701990 2.693845 2.670486 Weighted Average Maturity 327 354 354 351 Record Date 11/28/2003 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 193,581.88 469,116.58 1,178,785.18 1,841,483.64 Beginning Loan Count 220 544 1,364 2,128 Loans Paid in Full 0 2 4 6 Ending Loan Count 220 542 1,360 2,122 Beginning Scheduled Balance 81,518,771.89 182,565,825.89 459,962,091.69 724,046,689.47 Ending Scheduled Balance 81,157,723.71 181,233,794.11 457,414,690.93 719,806,208.75 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 361,048.18 1,332,031.78 2,547,400.76 4,240,480.72 Scheduled Interest 193,581.88 469,115.58 1,178,785.18 1,841,483.64 Servicing Fee 25,474.61 57,051.82 143,738.15 226,264.58 Master Servicing Fee 441.56 988.90 2,491.46 3,921.92 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 167,665.71 411,075.86 1,032,555.57 1,611,297.14 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