Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 8 (the Certificates)
EX-10.1 3 f94356aexv10w1.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 2002-8 RECORD DATE: SEPTEMBER 30, 2003 DISTRIBUTION DATE: OCTOBER 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - -------------------------------------------------------------------------------------------------- 1-A1 81743RAA0 SEN 1.25000% 0.00 0.00 0.00 1-A2 81743RAB8 SEN 3.45500% 40,088,476.08 115,421.40 3,971,813.32 2A 81743RAC6 SEN 1.42000% 396,742,418.80 469,478.53 4,742,314.17 3A 81743RAD4 SEN 2.97547% 40,356,298.34 100,065.76 773,671.77 X-1 81743RAE2 IO 1.80531% 0.00 63,310.23 0.00 X-2A 81743RAFf9 IO 1.02396% 0.00 140,985.50 0.00 X-2B 81743AFG7 IO 1.22551% 0.00 236,441.19 0.00 X-B 81743RAH5 IO 1.28129% 0.00 9,683.34 0.00 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 B-1 81743RAK8 SUB 1.79500% 9,069,000.00 13,565.71 0.00 B-2 81743RAL6 SUB 3.07629% 5,505,000.00 14,112.47 0.00 B-3 81743RAM4 SUB 3.07629% 3,886,000.00 9,962 .05 0.00 B-4 SMT0208B4 SUB 3.07629% 1,618,000.00 4,147.86 0.00 B-5 SMT0208B5 SUB 3.07629% 970,000.00 2,486.67 0.00 B-6 SMT0208B6 SUB 3.07629% 2,306,324.82 5,912.43 0.00 - -------------------------------------------------------------------------------------------------- Totals 500,541,518.04 1,182,573.14 9,487,799.26 - -------------------------------------------------------------------------------------------------- Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss - ---------------------------------------------------------------------- 1-A1 0.00 0.00 0.00 0.00 1-A2 0.00 36,116,662.76 4,087,234.72 0.00 2A 0.00 392,000,104.63 5,211,792.70 0.00 3A 0.00 39,582,626.57 873,737.53 0.00 X-1 0.00 0.00 60,310.23 0.00 X-2A 0.00 0.00 140,985.50 0.00 X-2B 0.00 0.00 236,441.19 0.00 X-B 0.00 0.00 9,683.34 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 9,069,000.00 13,565.71 0.00 B-2 0.00 5,505,000.00 14,112.47 0.00 B-3 0.00 3,886,000.00 9,962.05 0.00 B-4 0.00 1,618,000.00 4,147.86 0.00 B-5 0.00 970,000.00 2,486.67 0.00 B-6 0.00 2,306,324.82 5,912.43 0.00 - ----------------------------------------------------------------- Totals 0.00 491,053,718.78 10,670,372.40 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) - ------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 40,088,476.08 0.00 3,971,813.32 0.00 0.00 2A 463,097,000.00 396,742,418.80 0.00 4,742,314.17 0.00 0.00 3A 49,973,000.00 40,356,298.34 0.00 773,671.77 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 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 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------ Totals 647,892,424.82 500,541,518.04 0.00 9,487,799.26 0.00 0.00 - ------------------------------------------------------------------------------------------ Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------- 1-A1 0.00 0.00 0.00000000 0.00 1-A2 3,971,813.32 36,116,662.76 0.58756854 3,971,813.32 2A 4,742,314.17 392,000,104.63 0.84647515 4,742,314.17 3A 773,671.77 39,582,626.57 0.79208025 773,671.77 X-1 0.00 0.00 0.00000000 0.00 X-2A 0.00 0.00 0.00000000 0.00 X-2B 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 9,069,000.00 1.00000000 0.00 B-2 0.00 5,505,000.00 1.00000000 0.00 B-3 0.00 3,886,000.00 1.00000000 0.00 B-4 0.00 1,618,000.00 1.00000000 0.00 B-5 0.00 970,000.00 1.00000000 0.00 B-6 0.00 2,306,324.82 1.00000000 0.00 - --------------------------------------------------------------------------------- Totals 9,487,799.26 491,053,718.78 0.75792477 9,487,799.26 - ---------------------------------------------------------------------------------
(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) - ------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 652.18448754 0.00000000 64.61595171 0.00000000 0.00000000 2A 463,097,000.00 856.71558831 0.00000000 10.24043380 0.00000000 0.00000000 3A 49,973,000.00 807.56205031 0.00000000 15.48179557 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 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 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 64.61595171 587.56853582 0.58756854 64.61595171 2A 10.24043380 846.47515451 0.84647515 10.24043380 3A 15.48179557 792.08025474 0.79208025 15.48179557 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 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 Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ---------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.25000% 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 40,088,476.08 115,421.40 0.00 0.00 0.00 2A 463,097,000.00 1.42000% 396,742,418.80 469,478.53 0.00 0.00 0.00 3A 49,973,000.00 2.97547% 40,356,298.34 100,065.76 0.00 0.00 0.00 X-1 0.00 1.80531% 40,088,476.08 60,310.23 0.00 0.00 0.00 X-2A 0.00 1.02396% 165,223,318.73 140,985.50 0.00 0.00 0.00 X-2B 0.00 1.22551% 231,519,100.07 236,441.20 0.00 0.00 0.00 X-B 0.00 1.28129% 9,069,000.00 9,683.34 0.00 0.00 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 1.79500% 9,069,000.00 13,565.71 0.00 0.00 0.00 B-2 5,505,000.00 3.07629% 5,505,000.00 14,112.47 0.00 0.00 0.00 B-3 3,886,000.00 3.07629% 3,886,000.00 9,962.05 0.00 0.00 0.00 B-4 1,618,000.00 3.07629% 1,618,000.00 4,147.86 0.00 0.00 0.00 B-5 970,000.00 3.07629% 970,000.00 2,486.67 0.00 0.00 0.00 B-6 2,306,324.82 3.07629% 2,306,324.82 5,912.43 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------- Totals 647,892,424.82 1,182,573.15 0.00 0.00 0.00 - -------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------- 1-A1 0.00 0.00 0.00 0.00 1-A2 0.00 115,421.40 0.00 36,116,662.76 2A 0.00 469,478.53 0.00 392,000,104.63 3A 0.00 100,065.76 0.00 39,582,626.57 X-1 0.00 60,310.23 0.00 36,116,662.76 X-2A 0.00 140,985.50 0.00 161,831,796.26 X-2B 0.00 236,441.19 0.00 230,168,308.37 X-B 0.00 9,683.34 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 13,565.71 0.00 9,069,000.00 B-2 0.00 14,112.47 0.00 5,505,000.00 B-3 0.00 9,962.05 0.00 3,886,000.00 B-4 0.00 4,147.86 0.00 1,618,000.00 B-5 0.00 2,486.67 0.00 970,000.00 B-6 0.00 5,912.43 0.00 2,306,324.82 - ------------------------------------------------------------- Totals 0.00 1,182,573.14 0.00 - -------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT Payment of Non- Current Beginning Unpaid Current Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.25000% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 652.18448754 1.87774777 0.00000000 0.00000000 0.00000000 2A 463,097,000.00 1.42000% 856.71558831 1.01378012 0.00000000 0.00000000 0.00000000 3A 49,973,000.00 2.97547% 807.56205031 2.00239649 0.00000000 0.00000000 0.00000000 X-1 0.00 1.80531% 359.64111745 0.54105420 0.00000000 0.00000000 0.00000000 X-2A 0.00 1.02396% 877.14571564 0.74847079 0.00000000 0.00000000 0.00000000 X-2B 0.00 1.22551% 842.70807646 0.86062406 0.00000000 0.00000000 0.00000000 X-B 0.00 1.28129% 1000.00000000 1.06774065 0.00000000 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.79500% 1000.00000000 1.49583306 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 3.07629% 1000.00000000 2.56357312 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 3.07629% 1000.00000000 2.56357437 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 3.07629% 1000.00000000 2.56357231 0.00000000 0.00000000 0.00000000 B-5 970,000.00 3.07629% 1000.00000000 2.56357732 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 3.07629% 1000.00000000 2.56357212 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------- Remaining Unpaid Original Face Realized Total Interest Interest Ending Certificate/ Class (5) Amount Loss (6) Distribution Shortfall Notational Balance - -------------------------------------------------------------------------------------- 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 0.00000000 1.87774777 0.00000000 587.56853582 2A 463,097,000.00 0.00000000 1.01378012 0.00000000 846.47515451 3A 49,973,000.00 0.00000000 2.00239649 0.00000000 792.08025474 X-1 0.00 0.00000000 0.54105420 0.00000000 324.00924714 X-2A 0.00 0.00000000 0.74847079 0.00000000 859.14063363 X-2B 0.00 0.00000000 0.86062403 0.00000000 837.79131980 X-B 0.00 0.00000000 1.06774065 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 0.00000000 1.49583306 0.00000000 1000.00000000 B-2 5,505,000.00 0.00000000 2.56357312 0.00000000 1000.00000000 B-3 3,886,000.00 0.00000000 2.56357437 0.00000000 1000.00000000 B-4 1,618,000.00 0.00000000 2.56357231 0.00000000 1000.00000000 B-5 970,000.00 0.00000000 2.56357732 0.00000000 1000.00000000 B-6 2,306,324.82 0.00000000 2.56357212 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 10,830,475.02 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 10,830,475.02 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 160,102.62 Payment of Interest and Principal 10,670,372.40 ------------- Total Withdrawals (Pool Distribution Amount) 10,830,475.02 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 156,348.55 Master Servicing Fee 3,754.07 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 160,102.62 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------- Class X-1 Basis Risk Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B Basis Risk 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 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% - ---------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class% Prepayment% -------------- ------------ -------------- ------------- -------------- ------------- Class A 647,892,324.82 99.99998457% 491,053,718.78 100.00000000% 95.244039% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 491,053,718.78 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 454,937,056.02 92.64506888% 7.354931% 154.646572% Class 2A 73,327,324.82 11.31782407% 62,936,951.39 12.81671414% 79.828355% 1,678.490419% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 4.75596130% 8.060753% 169.487351% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 4.75596130% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 2.90911651% 1.846845% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.78805709% 1.121059% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 0.99669845% 0.791359% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.66720293% 0.329496% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.46966854% 0.197534% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.469669% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure Original $ Original % Current $ Current % Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02566827% Fraud 19,436,773.00 3.00000004% 10,357,716.80 2.10928385% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 3.15637565%
Limit of subordinate's exposure to certain types of losses 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 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% - ----------------------------------------------------------------
GROUP 3 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 3.218936% Weighted Average Net Coupon 2.844105% Weighted Average Pass-Through Rate 2.835105% Weighted Average Maturity (Stepdown Calculation) 317 Beginning Scheduled Collateral Loan Count 1,322 Number of Loans Paid in Full 23 Ending Scheduled Collateral Loan Count 1,299 Beginning Scheduled Collateral Balance 500,541,518.04 Ending Scheduled Collateral Balance 491,053,718.78 Ending Actual Collateral Balance at 30-Sept-2003 491,047,211.85 Monthly P&I Constant 1,342,675.76 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 10,610,501.88 Ending Scheduled Balance for Premium Loans 491,053,718.78 Scheduled Principal 0.00 Unscheduled Principal 9,487,799.26
MISCELLANEOUS REPORTING One Month Libor Loan Balance 168,971,420.08 Six Month Libor Loan Balance - POOL 1 40,279,945.65 Six Month Libor Loan Balance - POOL 2 240,322,772.29 Six Month Libor Loan Balance - POOL 3 41,479,580.76 Pro Rata Senior Percent 95.334188% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.519314 2.958732 3.359469 3.218936 Weighted Average Net Rate 5.269314 2.570577 2.984469 2.844105 Pass-Through Rate 5.260314 2.561577 2.975469 2.835105 Weighted Average Maturity 341 308 345 317 Record Date 09/30/2003 09/30/2003 09/30/2003 09/30/2003 Principal and Interest Constant 203,532.78 1,020,852.57 118,290.41 1,342,675.76 Beginning Loan Count 90 1,106 126 1,322 Loans Paid in Full 8 13 2 23 Ending Loan Count 82 1,093 124 1,299 Beginning Scheduled Balance 44,251,758.97 414,036,506.54 42,253,252.53 500,541,518.04 Ending Scheduled Balance 40,279,945.65 409,294,192.37 41,479,580.76 491,053,718.78 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 3,971,813.32 4,742,314.17 773,671.77 9,487,799.26 Scheduled Interest 203,532.78 1,020,852.57 118,290.41 1,342,675.76 Servicing Fee 9,219.12 133,925.29 13,204.14 156,348.55 Master Servicing Fee 331.89 3,105.28 316.90 3,754.07 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 193,981.77 883,822.00 104,769.37 1,182,573.14 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
