Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2003-3 (the Certificates)

EX-10.1 3 f95106hexv10w1.htm EXHIBIT 10.1 exv10w1

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) ###-###-####
	Fax:	(301) ###-###-####

SMT SERIES 2003-3
Record Date: October 31, 2003
Distribution Date: November 20, 2003

Certificateholder Distribution Summary


			Certificate					Beginning
			Class		Certificate Pass-			Certificate		Interest
Class		CUSIP	Description		Through Rate			Balance		Distribution

	A-1	81743PAT3	SEN			1.45000	%		364,246,164.36		440,130.78
	A-2	81743PAU0	SEN			1.34000	%		146,423,902.87		163,506.69
	X-1A	81743PAV8	IO			0.93873	%		0.00		77,480.88
	X-1B	81743PAW6	IO			1.30022	%		0.00		287,350.07
	X-2	81743PAX4	IO			1.40480	%		0.00		171,413.04
	X-B	81743PAY2	IO			0.90823	%		0.00		6,868.49
	A-R	81743PBA3		R		2.63263	%		0.00		0.00
	B-1	81743PBB1	SUB			1.77000	%		9,075,000.00		13,385.62
	B-2	81743PBC9	SUB			2.67823	%		4,675,000.00		10,433.94
	B-3	81743PBD7	SUB			2.67823	%		2,475,000.00		5,523.85
	B-4	81743PBE5	SUB			2.67823	%		1,650,000.00		3,682.57
	B-5	81743PBF2	SUB			2.67823	%		825,000.00		1,841.28
	B-6	81743PBG0	SUB			2.67823	%		1,925,608.17		4,297.68

Totals									531,295,675.40		1,185,914.89

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Principal		Current Realized		Ending Certificate		Total		Cumulative
Class		Distribution		Loss		Balance		Distribution		Realized Loss

	A-1		2,277,472.25		0.00		361,968,692.11		2,717,603.03		0.00
	A-2		4,051,710.25		0.00		142,372,192.62		4,215,216.94		0.00
	X-1A		0.00		0.00		0.00		77,480.88		0.00
	X-1B		0.00		0.00		0.00		287,350.07		0.00
	X-2		0.00		0.00		0.00		171,413.04		0.00
	X-B		0.00		0.00		0.00		6,868.49		0.00
	A-R		0.00		0.00		0.00		0.00		0.00
	B-1		0.00		0.00		9,075,000.00		13,385.62		0.00
	B-2		0.00		0.00		4,675,000.00		10,433.94		0.00
	B-3		0.00		0.00		2,475,000.00		5,523.85		0.00
	B-4		0.00		0.00		1,650,000.00		3,682.57		0.00
	B-5		0.00		0.00		825,000.00		1,841.28		0.00
	B-6		0.00		0.00		1,925,608.17		4,297.68		0.00

Totals			6,329,182.50		0.00		524,966,492.90		7,515,097.39		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		379,455,000.00		364,246,164.36		0.00	2,277,472.25	0.00		0.00
	A-2		149,922,000.00		146,423,902.87		297.28	4,051,412.97	0.00		0.00
	X-1A		0.00		0.00		0.00	0.00	0.00		0.00
	X-1B		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
	X-B		0.00		0.00		0.00	0.00	0.00		0.00
	A-R		100.00		0.00		0.00	0.00	0.00		0.00
	B-1		9,075,000.00		9,075,000.00		0.00	0.00	0.00		0.00
	B-2		4,675,000.00		4,675,000.00		0.00	0.00	0.00		0.00
	B-3		2,475,000.00		2,475,000.00		0.00	0.00	0.00		0.00
	B-4		1,650,000.00		1,650,000.00		0.00	0.00	0.00		0.00
	B-5		825,000.00		825,000.00		0.00	0.00	0.00		0.00
	B-6		1,925,608.17		1,925,608.17		0.00	0.00	0.00		0.00

Totals			550,002,708.17		531,295,675.40		297.28	6,328,885.22	0.00		0.00

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class		Reduction		Balance		Percentage		Distribution

	A-1		2,277,472.25		361,968,692.11		0.95391731		2,277,472.25
	A-2		4,051,710.25		142,372,192.62		0.94964176		4,051,710.25
	X-1A		0.00		0.00		0.00000000		0.00
	X-1B		0.00		0.00		0.00000000		0.00
	X-2		0.00		0.00		0.00000000		0.00
	X-B		0.00		0.00		0.00000000		0.00
	A-R		0.00		0.00		0.00000000		0.00
	B-1		0.00		9,075,000.00		1.00000000		0.00
	B-2		0.00		4,675,000.00		1.00000000		0.00
	B-3		0.00		2,475,000.00		1.00000000		0.00
	B-4		0.00		1,650,000.00		1.00000000		0.00
	B-5		0.00		825,000.00		1.00000000		0.00
	B-6		0.00		1,925,608.17		1.00000000		0.00

Totals			6,329,182.50		524,966,492.90		0.95447983		6,329,182.50

(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		379,455,000.00		959.91926410		0.00000000		6.00195609		0.00000000		0.00000000
	A-2		149,922,000.00		976.66721942		0.00198290		27.02347201		0.00000000		0.00000000
	X-1A		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	X-1B		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
	X-B		0.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	A-R		100.00		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-1		9,075,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-2		4,675,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-3		2,475,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-4		1,650,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-5		825,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-6		1,925,608.17		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class		Reduction		Balance		Percentage		Distribution

	A-1		6.00195609		953.91730801		0.95391731		6.00195609
	A-2		27.02545490		949.64176452		0.94964176		27.02545490
	X-1A		0.00000000		0.00000000		0.00000000		0.00000000
	X-1B		0.00000000		0.00000000		0.00000000		0.00000000
	X-2		0.00000000		0.00000000		0.00000000		0.00000000
	X-B		0.00000000		0.00000000		0.00000000		0.00000000
	A-R		0.00000000		0.00000000		0.00000000		0.00000000
	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

(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


											Payment of
							Beginning		Current		Unpaid
		Original Face		Current			Certificate/		Accrued		Interest
Class		Amount		Certificate Rate			Notional Balance		Interest		Shortfall

	A-1		379,455,000.00		1.45000	%		364,246,164.36		440,130.78		0.00
	A-2		149,922,000.00		1.34000	%		146,423,902.87		163,506.69		0.00
	X-1A		0.00		0.93873	%		99,045,551.68		77,480.88		0.00
	X-1B		0.00		1.30022	%		265,200,612.68		287,350.07		0.00
	X-2		0.00		1.40480	%		146,423,902.87		171,413.04		0.00
	X-B		0.00		0.90823	%		9,075,000.00		6,868.49		0.00
	A-R		100.00		2.63263	%		0.00		0.00		0.00
	B-1		9,075,000.00		1.77000	%		9,075,000.00		13,385.63		0.00
	B-2		4,675,000.00		2.67823	%		4,675,000.00		10,433.94		0.00
	B-3		2,475,000.00		2.67823	%		2,475,000.00		5,523.85		0.00
	B-4		1,650,000.00		2.67823	%		1,650,000.00		3,682.57		0.00
	B-5		825,000.00		2.67823	%		825,000.00		1,841.28		0.00
	B-6		1,925,608.17		2.67823	%		1,925,608.17		4,297.68		0.00

Totals			550,002,708.17							1,185,914.90		0.00

[Additional columns below]

[Continued from above table, first column(s) repeated]


				Non-						Remaining		Ending
		Current		Supported						Unpaid		Certificate/
		Interest		Interest		Realized		Total Interest		Interest		Notational
Class		Shortfall		Shortfall		Loss (4)		Distribution		Shortfall		Balance

	A-1		0.00		0.00		0.00		440,130.78		0.00		361,968,692.11
	A-2		0.00		0.00		0.00		163,506.69		0.00		142,372,192.62
	X-1A		0.00		0.00		0.00		77,480.88		0.00		98,902,597.89
	X-1B		0.00		0.00		0.00		287,350.07		0.00		263,066,094.22
	X-2		0.00		0.00		0.00		171,413.04		0.00		142,372,192.62
	X-B		0.00		0.00		0.00		6,868.49		0.00		9,075,000.00
	A-R		0.00		0.00		0.00		0.00		0.00		0.00
	B-1		0.00		0.00		0.00		13,385.62		0.00		9,075,000.00
	B-2		0.00		0.00		0.00		10,433.94		0.00		4,675,000.00
	B-3		0.00		0.00		0.00		5,523.85		0.00		2,475,000.00
	B-4		0.00		0.00		0.00		3,682.57		0.00		1,650,000.00
	B-5		0.00		0.00		0.00		1,841.28		0.00		825,000.00
	B-6		0.00		0.00		0.00		4,297.68		0.00		1,925,608.17

Totals			0.00		0.00		0.00		1,185,914.89		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				Unpaid		Current
Class		Original Face		Certificate			Certificate/		Current Accrued		Interest		Interest
(5)		Amount		Rate			Notional Balance		Interest		Shortfall		Shortfall

	A-1		379,455,000.00		1.45000	%		959.91926410		1.15990244		0.00000000		0.00000000
	A-2		149,922,000.00		1.34000	%		976.66721942		1.09061172		0.00000000		0.00000000
	X-1A		0.00		0.93873	%		982.28666237		0.76841851		0.00000000		0.00000000
	X-1B		0.00		1.30022	%		951.82467819		1.03132072		0.00000000		0.00000000
	X-2		0.00		1.40480	%		976.66721942		1.14334814		0.00000000		0.00000000
	X-B		0.00		0.90823	%		1000.00000000		0.75685840		0.00000000		0.00000000
	A-R		100.00		2.63263	%		0.00000000		0.00000000		0.00000000		0.00000000
	B-1		9,075,000.00		1.77000	%		1000.00000000		1.47500055		0.00000000		0.00000000
	B-2		4,675,000.00		2.67823	%		1000.00000000		2.23185882		0.00000000		0.00000000
	B-3		2,475,000.00		2.67823	%		1000.00000000		2.23185859		0.00000000		0.00000000
	B-4		1,650,000.00		2.67823	%		1000.00000000		2.23186061		0.00000000		0.00000000
	B-5		825,000.00		2.67823	%		1000.00000000		2.23185455		0.00000000		0.00000000
	B-6		1,925,608.17		2.67823	%		1000.00000000		2.23185592		0.00000000		0.00000000

[Additional columns below]

[Continued from above table, first column(s) repeated]


		Non-						Remaining
		Supported						Unpaid
Class		Interest		Realized		Total Interest		Interest		Ending Certificate/
(5)		Shortfall		Loss (6)		Distribution		Shortfall		Notational Balance

	A-1		0.00000000		0.00000000		1.15990244		0.00000000		953.91730801
	A-2		0.00000000		0.00000000		1.09061172		0.00000000		949.64176452
	X-1A		0.00000000		0.00000000		0.76841851		0.00000000		980.86891469
	X-1B		0.00000000		0.00000000		1.03132072		0.00000000		944.16373305
	X-2		0.00000000		0.00000000		1.14334814		0.00000000		949.64176452
	X-B		0.00000000		0.00000000		0.75685840		0.00000000		1000.00000000
	A-R		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
	B-1		0.00000000		0.00000000		1.47499945		0.00000000		1000.00000000
	B-2		0.00000000		0.00000000		2.23185882		0.00000000		1000.00000000
	B-3		0.00000000		0.00000000		2.23185859		0.00000000		1000.00000000
	B-4		0.00000000		0.00000000		2.23186061		0.00000000		1000.00000000
	B-5		0.00000000		0.00000000		2.23185455		0.00000000		1000.00000000
	B-6		0.00000000		0.00000000		2.23185592		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	7,688,057.45
	Liquidations, Insurance Proceeds, Reserve Funds	0.00
	Proceeds from Repurchased Loans	0.00
	Other Amounts (Servicer Advances)	6,214.78
	Realized Losses (Gains, Subsequent Expenses & Recoveries)	0.00
	Prepayment Penalties	0.00

Total Deposits		7,694,272.23
Withdrawals
	Reimbursement for Servicer Advances	8,251.37
	Payment of Service Fee	170,923.48
	Payment of Interest and Principal	7,515,097.38

Total Withdrawals (Pool Distribution Amount)		7,694,272.23
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			166,496.03
Master Servicing Fee			4,427.45
Supported Prepayment/Curtailment Interest Shortfall			0.00

Net Servicing Fee			170,923.48


	Beginning		Current		Current		Ending
Account Type	Balance		Withdrawals		Deposits		Balance

Reserve Fund		5,000.00		0.00		0.00		5,000.00
Reserve Fund		2,500.00		0.00		0.00		2,500.00
Reserve Fund		2,500.00		0.00		0.00		2,500.00

Loan Status Stratification/Credit Enhancement Statement


DELINQUENT					BANKRUPTCY					FORECLOSURE

	No. of		Balance			No. of		Principal			No. of		Principal
	Loans		Principal			Loans		Balance			Loans		Balance

0-29 Days		0		0.00	0-29 Days		0		0.00	0-29 Days		0		0.00
30 Days		7		2,560,832.90	30 Days		0		0.00	30 Days		0		0.00
60 Days		0		0.00	60 Days		0		0.00	60 Days		0		0.00
90 Days		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

		7		2,560,832.90			0		0.00			0		0.00


	No. of			Balance				No. of			Principal				No. of			Principal
	Loans			Principal				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		0.454841	%		0.487808	%	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	%

		0.454841	%		0.487808	%			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		7		2,560,832.90
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			7		2,560,832.90


	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		0.454841	%		0.487808	%
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	%			0.454841	%		0.487808	%


Current Period Class A Insufficient Funds:			0.00			Principal Balance of Contaminated Properties			0.00			Periodic Advance			6,214.78

Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage


		Original $		Original %			Current $		Current %			Current Class %			Prepayment %

	Class A		20,625,608.17		3.75009211	%		20,625,608.17		3.92893803	%		96.071062	%		0.000000	%
Class X-2			20,625,608.17		3.75009211	%		20,625,608.17		3.92893808	%		0.000000	%		0.000000	%
Class B-1			11,550,608.17		2.10010024	%		11,550,608.17		2.20025627	%		1.728682	%		43.998703	%
Class B-2			6,875,608.17		1.25010442	%		6,875,608.17		1.30972324	%		0.890533	%		22.665998	%
Class B-3			4,400,608.17		0.80010664	%		4,400,608.17		0.83826458	%		0.471459	%		11.999646	%
Class B-4			2,750,608.17		0.50010811	%		2,750,608.17		0.52395881	%		0.314306	%		7.999764	%
Class B-5			1,925,608.17		0.35010885	%		1,925,608.17		0.36680592	%		0.157153	%		3.999882	%
Class B-6			0.00		0.00000000	%		0.00		0.00000000	%		0.366806	%		9.336007	%

Please refer to the prospectus supplement for a full description of loss exposure

Delinquency Status By Group

Group 1


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		4		2,073,092.04	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

		4		2,073,092.04			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		0.366300	%		0.550252	%	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	%

		0.366300	%		0.550252	%			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		4		2,073,092.04
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			4		2,073,092.04


	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		0.366300	%		0.550252	%
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	%			0.366300	%		0.550252	%

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		3		487,740.86	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		487,740.86			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		0.671141	%		0.329078	%	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	%

		0.671141	%		0.329078	%			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		3		487,740.86
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		487,740.86


	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		0.671141	%		0.329078	%
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	%			0.671141	%		0.329078	%

Collateral Statement


Collateral Description	Mixed Arm
Weighted Average Gross Coupon		3.064595	%
Weighted Average Net Coupon		2.688542	%
Weighted Average Pass-Through Rate		2.678542	%
Weighted Average Maturity (Stepdown Calculation)		353
Beginning Scheduled Collateral Loan Count		1,551
Number of Loans Paid in Full		12
Ending Scheduled Collateral Loan Count		1,539
Beginning Scheduled Collateral Balance		531,295,675.40
Ending Scheduled Collateral Balance		524,966,492.90
Ending Actual Collateral Balance at 31-Oct-2003		524,967,423.00
Monthly P&I Constant		1,357,135.67
Special Servicing Fee		0.00
Prepayment Penalties		0.00
Realized Loss Amount		0.00
Cumulative Realized Loss		0.00
Class A Optimal Amount		7,469,063.96
Ending Scheduled Balance for Premium Loans		524,966,492.90
Scheduled Principal		297.28
Unscheduled Principal		6,328,885.22

Miscellaneous Reporting


Group 1 One Month Libor Loan Balance	102,942,077.40
Group 1 Six Month Libor Loan Balance	273,810,504.58
Group 2 Six Month Libor Loan Balance	148,213,910.92
Pro-Rata Senior Percent	96.117866	%
Group 1 Senior Percent	100.000000	%
Group 2 Senior Percent	100.000000	%
Group 1 Senior Prepayment Percent	100.000000	%
Group 2 Senior Prepayment Percent	100.000000	%


Group	1		2		Total
Collateral Description	Mixed ARM		Mixed ARM		Mixed ARM
Weighted Average Coupon Rate		3.038402		3.129796		3.064595
Weighted Average Net Rate		2.661927		2.754796		2.688542
Pass-Through Rate		2.651927		2.744796		2.678542
Weighted Average Maturity		328		332		353
Record Date		10/31/2003		10/31/2003		10/31/2003
Principal and Interest Constant		959,704.84		397,430.83		1,357,135.67
Beginning Loan Count		1,097		454		1,551
Loans Paid in Full		5		7		12
Ending Loan Count		1,092		447		1,539
Beginning Scheduled Balance		379,030,054.23		152,265,621.17		531,295,675.40
Ending Scheduled Balance		376,752,581.98		148,213,910.92		524,966,492.90
Scheduled Principal		0.00		297.28		297.28
Unscheduled Principal		2,277,472.25		4,051,412.97		6,328,885.22
Scheduled Interest		959,704.84		397,133.55		1,356,838.39
Servicing Fee		118,913.03		47,583.00		166,496.03
Master Servicing Fee		3,158.58		1,268.87		4,427.45
Trustee Fee		0.00		0.00		0.00
FRY Amount		0.00		0.00		0.00
Special Hazard Fee		0.00		0.00		0.00
Other Fee		0.00		0.00		0.00
Pool Insurance Fee		0.00		0.00		0.00
Spread 1		0.00		0.00		0.00
Spread 2		0.00		0.00		0.00
Spread 3		0.00		0.00		0.00
Net Interest		837,633.23		348,281.68		1,185,914.91
Realized Loss Amount		0.00		0.00		0.00
Cumulative Realized Loss		0.00		0.00		0.00
Percentage of Cumulative Losses		0.00		0.00		0.00
Prepayment Penalties		0.00		0.00		0.00
Special Servicing Fee		0.00		0.00		0.00