SMT Series 2003-3 Certificateholder Distribution Statement by Wells Fargo Bank Minnesota, N.A.

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 2003-3 trust. It summarizes the payments of interest and principal made to certificateholders as of the September 30, 2003 record date and October 20, 2003 distribution date. The statement details the amounts distributed to each class of certificates, the remaining balances, and confirms that all distributions were made in accordance with the Pooling and Servicing Agreement. No realized losses are reported for this period.

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EX-10.1 3 f94356hexv10w1.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 2003-3 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 - ----------------------------------------------------------------------------------------------------- A-1 81743PAT3 SEN 1.45000% 373,289,398.99 451,058.02 9,043,234.63 A-2 81743PAU0 SEN 1.34000% 147,654,996.12 164,881.41 1,231,093.25 X-1A 81743PAV8 IO 0.93848% 0.00 77,783.06 0.00 X-1B 81743PAW6 IO 1.30492% 0.00 297,772.96 0.00 X-2 81743PAX4 IO 1.40737% 0.00 173,170.68 0.00 X-B 81743PAY2 IO 0.91280% 0.00 6,903.05 0.00 A-R 81743PBA3 R 2.63318% 0.00 0.00 0.00 B-1 81743PBB1 SUB 1.77000% 9,075,000.00 13,385.63 0.00 B-2 81743PBC9 SUB 2.68280% 4,675,000.00 10,451.74 0.00 B-3 81743PBD7 SUB 2.68280% 2,475,000.00 5,533.27 0.00 B-4 81743PBE5 SUB 2.68280% 1,650,000.00 3,688.85 0.00 B-5 81743PBF2 SUB 2.68280% 825,000.00 1,844.42 0.00 B-6 81743PBG0 SUB 2.68280% 1,925,608.17 4,305.02 0.00 - ----------------------------------------------------------------------------------------------------- Totals 541,570,003.28 1,210,778.11 10,274,327.88 - ----------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----------------------------------------------------------------------------------------- A-1 81743PAT3 0.00 364,246,164.36 9,494,292.65 0.00 A-2 81743PAU0 0.00 146,423,902.87 1,395,974.66 0.00 X-1A 81743PAV8 0.00 0.00 77,783.06 0.00 X-1B 81743PAW6 0.00 0.00 297,772.96 0.00 X-2 81743PAX4 0.00 0.00 173,170.68 0.00 X-B 81743PAY2 0.00 0.00 6,903.05 0.00 A-R 81743PBA3 0.00 0.00 0.00 0.00 B-1 81743PBB1 0.00 9,075,000.00 13,385.63 0.00 B-2 81743PBC9 0.00 4,675,000.00 10,451.74 0.00 B-3 81743PBD7 0.00 2,475,000.00 5,533.27 0.00 B-4 81743PBE5 0.00 1,650,000.00 3,688.85 0.00 B-5 81743PBF2 0.00 825,000.00 1,844.42 0.00 B-6 81743PBG0 0.00 1,925,608.17 4,305.02 0.00 - ----------------------------------------------------------------------------------------- Totals 0.00 531,295,675.40 11,485,105.99 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-1 379,455,000.00 373,289,398.99 0.00 9,043,234.63 0.00 0.00 A-2 149,922,000.00 147,654,996.12 0.00 1,231,093.25 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 550,002,708.17 541,570,003.28 0.00 10,274,327.88 0.00 0.00 - --------------------------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- Original Face Total Principal Ending Certificate Ending Certificate Total Principal Class Amount Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------------------------------- A-1 379,455,000.00 9,043,234.63 364,246,164.36 0.95991926 9,043,234.63 A-2 149,922,000.00 1,231,093.25 146,423,902.87 0.97666722 1,231,093.25 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 100.00 0.00 0.00 0.00000000 0.00 B-1 9,075,000.00 0.00 9,075,000.00 1.00000000 0.00 B-2 4,675,000.00 0.00 4,675,000.00 1.00000000 0.00 B-3 2,475,000.00 0.00 2,475,000.00 1.00000000 0.00 B-4 1,650,000.00 0.00 1,650,000.00 1.00000000 0.00 B-5 825,000.00 0.00 825,000.00 1.00000000 0.00 B-6 1,925,608.17 0.00 1,925,608.17 1.00000000 0.00 - ----------------------------------------------------------------------------------------------------------- Totals 550,002,708.17 10,274,327.88 531,295,675.40 0.96598738 10,274,327.88 - -----------------------------------------------------------------------------------------------------------
(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 Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ------------------------------------------------------------------------------------------------------ A-1 379,455,000.00 983.75143031 0.00000000 23.83216621 0.00000000 0.00000000 A-2 149,922,000.00 984.87877776 0.00000000 8.21155834 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 - ------------------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------------------- Original Face Total Principal Ending Certificate Ending Certificate Total Principal Class Amount Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------------------------------- A-1 379,455,000.00 23.83216621 959.91926410 0.95991926 23.83216621 A-2 149,922,000.00 8.21155834 976.66721942 0.97666722 8.21155834 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 9,075,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 4,675,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 2,475,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 1,650,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 825,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 1,925,608.17 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 Certificate/ Current Unpaid Current Non-Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ----------------------------------------------------------------------------------------------------------------------------------- A-1 379,455,000.00 1.45000% 373,289,398.99 451,058.02 0.00 0.00 0.00 0.00 A-2 149,922,000.00 1.34000% 147,654,996.12 164,881.41 0.00 0.00 0.00 0.00 X-1A 0.00 0.93848% 99,458,019.30 77,783.06 0.00 0.00 0.00 0.00 X-1B 0.00 1.30492% 273,831,379.69 297,772.96 0.00 0.00 0.00 0.00 X-2 0.00 1.40737% 147,654,996.12 173,170.68 0.00 0.00 0.00 0.00 X-B 0.00 0.91280% 9,075,000.00 6,903.05 0.00 0.00 0.00 0.00 A-R 100.00 2.63318% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,075,000.00 1.77000% 9,075,000.00 13,385.63 0.00 0.00 0.00 0.00 B-2 4,675,000.00 2.68280% 4,675,000.00 10,451.74 0.00 0.00 0.00 0.00 B-3 2,475,000.00 2.68280% 2,475,000.00 5,533.27 0.00 0.00 0.00 0.00 B-4 1,650,000.00 2.68280% 1,650,000.00 3,688.85 0.00 0.00 0.00 0.00 B-5 825,000.00 2.68280% 825,000.00 1,844.42 0.00 0.00 0.00 0.00 B-6 1,925,608.17 2.68280% 1,925,608.17 4,305.02 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- Totals 550,002,708.17 1,210,778.10 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Original Face Total Interest Interest Notational Class Amount Distribution Shortfall Balance - ------------------------------------------------------------------------------- A-1 379,455,000.00 451,058.02 0.00 364,246,164.36 A-2 149,922,000.00 164,881.41 0.00 146,423,902.87 X-1A 0.00 77,783.06 0.00 99,045,551.68 X-1B 0.00 297,772.96 0.00 265,200,612.68 X-2 0.00 173,170.68 0.00 146,423,902.87 X-B 0.00 6,903.05 0.00 9,075,000.00 A-R 100.00 0.00 0.00 0.00 B-1 9,075,000.00 13,385.63 0.00 9,075,000.00 B-2 4,675,000.00 10,451.74 0.00 4,675,000.00 B-3 2,475,000.00 5,533.27 0.00 2,475,000.00 B-4 1,650,000.00 3,688.85 0.00 1,650,000.00 B-5 825,000.00 1,844.42 0.00 825,000.00 B-6 1,925,608.17 4,305.02 0.00 1,925,608.17 - ------------------------------------------------------------------------------- Totals 550,002,708.17 1,210,778.11 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 Non-Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------------------------------------------------------------------------------------------------------------------------------------ A-1 379,455,000.00 1.45000% 983.75143031 1.18869964 0.00000000 0.00000000 0.00000000 0.00000000 A-2 149,922,000.00 1.34000% 984.87877776 1.09978129 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.93848% 986.37732001 0.77141539 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.30492% 982.80114144 1.06872925 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.40737% 984.87877776 1.15507184 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.91280% 1000.00000000 0.76066667 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.63318% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,075,000.00 1.77000% 1000.00000000 1.47500055 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,675,000.00 2.68280% 1000.00000000 2.23566631 0.00000000 0.00000000 0.00000000 0.00000000 B-3 2,475,000.00 2.68280% 1000.00000000 2.23566465 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,650,000.00 2.68280% 1000.00000000 2.23566667 0.00000000 0.00000000 0.00000000 0.00000000 B-5 825,000.00 2.68280% 1000.00000000 2.23566061 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,925,608.17 2.68280% 1000.00000000 2.23566771 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------------------ - ----------------------------------------------------------------------------------- Remaining Unpaid Ending Certificate/ Class Original Face Total Interest Interest Notational (5) Amount Distribution Shortfall Balance - ----------------------------------------------------------------------------------- A-1 379,455,000.00 1.18869964 0.00000000 959.91926410 A-2 149,922,000.00 1.09978129 0.00000000 976.66721942 X-1A 0.00 0.77141539 0.00000000 982.28666237 X-1B 0.00 1.06872925 0.00000000 951.82467819 X-2 0.00 1.15507184 0.00000000 976.66721942 X-B 0.00 0.76066667 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 B-1 9,075,000.00 1.47500055 0.00000000 1000.00000000 B-2 4,675,000.00 2.23566631 0.00000000 1000.00000000 B-3 2,475,000.00 2.23566465 0.00000000 1000.00000000 B-4 1,650,000.00 2.23566667 0.00000000 1000.00000000 B-5 825,000.00 2.23566061 0.00000000 1000.00000000 B-6 1,925,608.17 2.23566771 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 11,656,868.63 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 8,251.37 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,665,120.00 Withdrawals Reimbursement for Servicer Advances 5,794.17 Payment of Service Fee 174,219.84 Payment of Interest and Principal 11,485,105.99 ------------- Total Withdrawals (Pool Distribution Amount) 11,665,120.00 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 169,706.77 Master Servicing Fee 4,513.07 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 174,219.84 ==========
- ---------------------------------------------------------------------------- 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 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 3,407,672.19 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 3,407,672.19 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 0.515796% 0.641387% 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% --------------------- -------------------- -------------------- 0.515796% 0.641387% 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 3,407,672.19 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 3,407,672.19 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 0.515796% 0.641387% 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% 0.515796% 0.641387%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 8,251.37
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 3.88213365% 96.117866% 0.000000% Class X-2 20,625,608.17 3.75009211% 20,625,608.17 3.88213365% 0.000000% 0.000000% Class B-1 11,550,608.17 2.10010024% 11,550,608.17 2.17404521% 1.708088% 43.998703% Class B-2 6,875,608.17 1.25010442% 6,875,608.17 1.29412086% 0.879924% 22.665998% Class B-3 4,400,608.17 0.80010664% 4,400,608.17 0.82827856% 0.465842% 11.999646% Class B-4 2,750,608.17 0.50010811% 2,750,608.17 0.51771703% 0.310562% 7.999764% Class B-5 1,925,608.17 0.35010885% 1,925,608.17 0.36243626% 0.155281% 3.999882% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.362436% 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 6 2,365,172.19 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 ------------------- ------------------ ------------------ 6 2,365,172.19 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 0.546946% 0.624005% 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% --------------------- -------------------- -------------------- 0.546946% 0.624005% 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 6 2,365,172.19 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 6 2,365,172.19 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 0.546946% 0.624005% 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% 0.546946% 0.624005%
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 2 1,042,500.00 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 -------------------- ------------------ ------------------- 2 1,042,500.00 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 0.440529% 0.684656% 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% --------------------- -------------------- --------------------- 0.440529% 0.684656% 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 1,042,500.00 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 2 1,042,500.00 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 0.440529% 0.684656% 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% 0.440529% 0.684656%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.068851% Weighted Average Net Coupon 2.692818% Weighted Average Pass-Through Rate 2.682818% Weighted Average Maturity (Stepdown Calculation) 354 Beginning Scheduled Collateral Loan Count 1,571 Number of Loans Paid in Full 20 Ending Scheduled Collateral Loan Count 1,551 Beginning Scheduled Collateral Balance 541,570,003.28 Ending Scheduled Collateral Balance 531,295,675.40 Ending Actual Collateral Balance at 30-Sept-2003 531,297,213.12 Monthly P&I Constant 1,384,997.97 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,438,994.02 Ending Scheduled Balance for Premium Loans 531,295,675.40 Scheduled Principal 0.00 Unscheduled Principal 10,274,327.88
MISCELLANEOUS REPORTING Group 1 One Month Libor Loan Balance 103,065,576.25 Group 1 Six Month Libor Loan Balance 275,964,477.98 Group 2 Six Month Libor Loan Balance 152,265,621.17 Pro-Rata Senior Percent 96.191516% 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 3.043728 3.132367 3.068851 Weighted Average Net Rate 2.667286 2.757367 2.692818 Pass-Through Rate 2.657286 2.747367 2.682818 Weighted Average Maturity 329 333 354 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal and Interest Constant 984,324.56 400,673.41 1,384,997.97 Beginning Loan Count 1,114 457 1,571 Loans Paid in Full 17 3 20 Ending Loan Count 1,097 454 1,551 Beginning Scheduled Balance 388,073,288.86 155,496,714.42 541,570,003.28 Ending Scheduled Balance 379,030,054.23 152,265,621.17 531,295,675.40 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 9,043,234.63 1,231,093.25 10,274,327.88 Scheduled Interest 984,324.56 400,673.41 1,384,997.97 Servicing Fee 121,739.04 47,967.73 169,706.77 Master Servicing Fee 3,233.93 1,279.14 4,513.07 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 859,351.59 351,426.54 1,210,778.13 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