-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B6YKABCVm9giqEfChs+D4MQirGGVXFXTeDYZgkEgsvsyIYdtd0I5e6Z/j8jC7BEI 4VjkgK/PD6N8+kwuKoVXXQ== 0000950134-04-004683.txt : 20040405 0000950134-04-004683.hdr.sgml : 20040405 20040405162538 ACCESSION NUMBER: 0000950134-04-004683 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040322 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEQUOIA RESIDENTIAL FUNDING INC CENTRAL INDEX KEY: 0001176320 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 352170972 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-90772-01 FILM NUMBER: 04717803 BUSINESS ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 BUSINESS PHONE: 4153897373 MAIL ADDRESS: STREET 1: 591 REDWOOD HWY STREET 2: SUITE 3160 CITY: MILL VALLEY STATE: CA ZIP: 94941 8-K 1 f97888ae8vk.txt FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 March 22, 2004 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. (as Depositor of Sequoia Mortgage Trust 8, the Issuer of Mortgage Pass-Through Certificates under a Pooling and Servicing Agreement dated as of July 1, 2002) SEQUOIA RESIDENTIAL FUNDING, INC. ------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) Delaware 333-90772 35-2170972 -------- --------- ---------- (State or Other (Commission (I.R.S. Employer Jurisdiction of File Number) Identification No.) Incorporation) One Belvedere Place, Suite 330, Mill Valley, CA 94941 ----------------------------------------------------- (Address of Principal Executive Offices) (415) 381-1765 -------------- (Registrant's Telephone Number, Including Area Code) 591 Redwood Highway, Suite 3160, Mill Valley, CA 94941 ------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) INFORMATION TO BE INCLUDED IN THE REPORT Item 5. OTHER EVENTS Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 8 (the "Certificates"). The following exhibit which relates specifically to the Certificates is included with this Current Report: Item 7(c). Exhibits 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, March 22, 2004. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: April 2, 2004 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis ------------------------------------ Harold F. Zagunis Chief Financial Officer, Treasurer and Secretary EXHIBIT INDEX
Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, March 22, 2004............................ 5
EX-10.1 3 f97888aexv10w1.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: FEBRUARY 27, 2004 DISTRIBUTION DATE: MARCH 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ------ ---------- ----------- ------------ -------------- ------------ ------------ 1-A1 81743RAA0 SEN 1.22125% 0.00 0.00 0.00 1-A2 81743RAB8 SEN 3.45500% 28,543,169.05 82,180.54 951,313.25 2A 81743RAC6 SEN 1.39125% 374,140,463.65 433,769.10 3,653,824.53 3A 81743RAD4 SEN 2.97484% 35,612,614.63 88,284.82 1,168,503.87 X-1 81743RAE2 IO 1.76663% 0.00 42,021.10 0.00 X-2A 81743RAFf9 IO 1.05074% 0.00 135,108.39 0.00 X-2B 81743AFG7 IO 1.17379% 0.00 215,039.22 0.00 X-B 81743RAH5 IO 1.26808% 0.00 9,583.52 0.00 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 B-1 81743RAK8 SUB 1.76625% 9,069,000.00 13,348.43 0.00 B-2 81743RAL6 SUB 3.03433% 5,505,000.00 13,919.99 0.00 B-3 81743RAM4 SUB 3.03433% 3,886,000.00 9,826.17 0.00 B-4 SMT0208B4 SUB 3.03433% 1,618,000.00 4,091.29 0.00 B-5 SMT0208B5 SUB 3.03433% 970,000.00 2,452.75 0.00 B-6 SMT0208B6 SUB 3.03433% 2,306,324.82 5,831.79 0.00 -------------- ------------ ------------ Totals 461,650,572.15 1,055,457.11 5,773,641.65 -------------- ------------ ------------
Current Ending Cumulative Realized Certificate Total Realized Class CUSIP Loss Balance Distribution Loss - ------ ---------- -------- -------------- ------------ -------------- 1-A1 81743RAA0 0.00 0.00 0.00 0.00 1-A2 81743RAB8 0.00 27,591,855.80 1,033,493.79 0.00 2A 81743RAC6 0.00 370,486,639.12 4,087,593.63 0.00 3A 81743RAD4 0.00 34,444,110.76 1,256,788.69 0.00 X-1 81743RAE2 0.00 0.00 42,021.10 0.00 X-2A 81743RAFf9 0.00 0.00 135,108.39 0.00 X-2B 81743AFG7 0.00 0.00 215,039.22 0.00 X-B 81743RAH5 0.00 0.00 9,583.52 0.00 A-R 81743RAJ1 0.00 0.00 0.00 0.00 B-1 81743RAK8 0.00 9,069,000.00 13,348.43 0.00 B-2 81743RAL6 0.00 5,505,000.00 13,919.99 0.00 B-3 81743RAM4 0.00 3,886,000.00 9,826.17 0.00 B-4 SMT0208B4 0.00 1,618,000.00 4,091.29 0.00 B-5 SMT0208B5 0.00 970,000.00 2,452.75 0.00 B-6 SMT0208B6 0.00 2,306,324.82 5,831.79 0.00 ---- --------------- ------------ ---- Totals 0.00 455,876,930.50 6,829,098.76 0.00 ---- -------------- ------------ ----
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ------ -------------- -------------- ------------ ------------ --------- 1-A1 50,000,000.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 28,543,169.05 0.00 951,313.25 0.00 2A 463,097,000.00 374,140,463.65 0.00 3,653,824.53 0.00 3A 49,973,000.00 35,612,614.63 0.00 1,168,503.87 0.00 X-1 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 9,069,000.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- Totals 647,892,424.82 461,650,572.15 0.00 5,773,641.65 0.00 -------------- -------------- ---- ------------ ----
Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------ -------- --------------- -------------- ----------- --------------- 1-A1 0.00 0.00 0.00 0.00000000 0.00 1-A2 0.00 951,313.25 27,591,855.80 0.44888163 951,313.25 2A 0.00 3,653,824.53 370,486,639.12 0.80001952 3,653,824.53 3A 0.00 1,168,503.87 34,444,110.76 0.68925441 1,168,503.87 X-1 0.00 0.00 0.00 0.00000000 0.00 X-2A 0.00 0.00 0.00 0.00000000 0.00 X-2B 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 9,069,000.00 1.00000000 0.00 B-2 0.00 0.00 5,505,000.00 1.00000000 0.00 B-3 0.00 0.00 3,886,000.00 1.00000000 0.00 B-4 0.00 0.00 1,618,000.00 1.00000000 0.00 B-5 0.00 0.00 970,000.00 1.00000000 0.00 B-6 0.00 0.00 2,306,324.82 1.00000000 0.00 ---- ------------ -------------- ----------- ------------ Totals 0.00 5,773,641.65 455,876,930.50 0.70363059 5,773,641.65 ---- ------------ -------------- ----------- ------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----- -------------- ------------- ------------ ------------ ---------- 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 464.35818719 0.00000000 15.47656097 0.00000000 2A 463,097,000.00 807.90949553 0.00000000 7.88997668 0.00000000 3A 49,973,000.00 712.63711664 0.00000000 23.38270406 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 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 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Realized Principal Certificate Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----- ---------- ----------- ------------- ----------- --------------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 0.00000000 15.47656097 448.88162621 0.44888163 15.47656097 2A 0.00000000 7.88997668 800.01951885 0.80001952 7.88997668 3A 0.00000000 23.38270406 689.25441258 0.68925441 23.38270406 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Original Face Certificate Certificate/ Accrued Interest Class Amount Rate Notional Balance Interest Shortfall - ------ -------------- ----------- ---------------- ------------ ---------- 1-A1 50,000,000.00 1.22125% 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 28,543,169.05 82,180.54 0.00 2A 463,097,000.00 1.39125% 374,140,463.65 433,769.10 0.00 3A 49,973,000.00 2.97484% 35,612,614.63 88,284.82 0.00 X-1 0.00 1.76663% 28,543,169.05 42,021.10 0.00 X-2A 0.00 1.05074% 154,300,346.81 135,108.39 0.00 X-2B 0.00 1.17379% 219,840,116.84 215,039.22 0.00 X-B 0.00 1.26808% 9,069,000.00 9,583.52 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 B-1 9,069,000.00 1.76625% 9,069,000.00 13,348.43 0.00 B-2 5,505,000.00 3.03433% 5,505,000.00 13,919.99 0.00 B-3 3,886,000.00 3.03433% 3,886,000.00 9,826.17 0.00 B-4 1,618,000.00 3.03433% 1,618,000.00 4,091.29 0.00 B-5 970,000.00 3.03433% 970,000.00 2,452.75 0.00 B-6 2,306,324.82 3.03433% 2,306,324.82 5,831.79 0.00 -------------- ------------ ---- Totals 647,892,424.82 1,055,457.11 0.00 -------------- ------------ ----
Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ------ --------- ------------- -------- -------------- --------- -------------- 1-A1 0.00 0.00 0.00 0.00 0.00 0.00 1-A2 0.00 0.00 0.00 82,180.54 0.00 27,591,855.80 2A 0.00 0.00 0.00 433,769.10 0.00 370,486,639.12 3A 0.00 0.00 0.00 88,284.82 0.00 34,444,110.76 X-1 0.00 0.00 0.00 42,021.10 0.00 27,591,855.80 X-2A 0.00 0.00 0.00 135,108.39 0.00 152,869,164.45 X-2B 0.00 0.00 0.00 215,039.22 0.00 217,617,474.67 X-B 0.00 0.00 0.00 9,583.52 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 13,348.43 0.00 9,069,000.00 B-2 0.00 0.00 0.00 13,919.99 0.00 5,505,000.00 B-3 0.00 0.00 0.00 9,826.17 0.00 3,886,000.00 B-4 0.00 0.00 0.00 4,091.29 0.00 1,618,000.00 B-5 0.00 0.00 0.00 2,452.75 0.00 970,000.00 B-6 0.00 0.00 0.00 5,831.79 0.00 2,306,324.82 ---- ---- ---- ------------ ---- Totals 0.00 0.00 0.00 1,055,457.11 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 Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ------ -------------- ----------- ---------------- --------------- ---------- ---------- 1-A1 50,000,000.00 1.22125% 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 464.35818719 1.33696460 0.00000000 0.00000000 2A 463,097,000.00 1.39125% 807.90949553 0.93667007 0.00000000 0.00000000 3A 49,973,000.00 2.97484% 712.63711664 1.76665039 0.00000000 0.00000000 X-1 0.00 1.76663% 256.06603734 0.37697904 0.00000000 0.00000000 X-2A 0.00 1.05074% 819.15730277 0.71727009 0.00000000 0.00000000 X-2B 0.00 1.17379% 800.19765943 0.78272284 0.00000000 0.00000000 X-B 0.00 1.26808% 1000.00000000 1.05673393 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.76625% 1000.00000000 1.47187452 0.00000000 0.00000000 B-2 5,505,000.00 3.03433% 1000.00000000 2.52860854 0.00000000 0.00000000 B-3 3,886,000.00 3.03433% 1000.00000000 2.52860782 0.00000000 0.00000000 B-4 1,618,000.00 3.03433% 1000.00000000 2.52860939 0.00000000 0.00000000 B-5 970,000.00 3.03433% 1000.00000000 2.52860825 0.00000000 0.00000000 B-6 2,306,324.82 3.03433% 1000.00000000 2.52860740 0.00000000 0.00000000
Remaining Non-Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - ------ ------------- ---------- -------------- ---------- ------------------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 0.00000000 0.00000000 1.33696460 0.00000000 448.88162621 2A 0.00000000 0.00000000 0.93667007 0.00000000 800.01951885 3A 0.00000000 0.00000000 1.76665039 0.00000000 689.25441258 X-1 0.00000000 0.00000000 0.37697904 0.00000000 247.53163060 X-2A 0.00000000 0.00000000 0.71727009 0.00000000 811.55937117 X-2B 0.00000000 0.00000000 0.78272284 0.00000000 792.10744784 X-B 0.00000000 0.00000000 1.05673393 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.47187452 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.52860854 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.52860782 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.52860939 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.52860825 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.52860740 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 6,977,438.02 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 520.86 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,977,858.88 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 148,860.12 Payment of Interest and Principal 6,829,098.76 ------------ Total Withdrawals (Pool Distribution Amount) 6,977,958.88 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 145,397.75 Master Servicing Fee 3,462.37 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 148,860.12 ==========
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 1 208,344.32 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 ----------------------- --------------------- ---------------------- 1 208,344.32 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 0.081967% 0.045702% 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% -------------------- ------------------- -------------------- 0.081967% 0.045702% 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 1 208,344.32 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 1 208,344.32 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 0.081967% 0.045702% 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% 0.081967% 0.045702%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 520.86
Original $ Original% Current $ Current % Current Class % Prepayment % -------------- ------------ -------------- ------------- --------------- ------------- Class A 647,892,324.82 99.99998457% 455,876,930.50 100.00000000% 94.877055% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 455,876,930.50 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 428,285,074.70 93.94752093% 6.052479% 118.144524% Class 2A 73,327,324.82 11.31782407% 57,798,435.58 12.67851732% 81.269004% 1,586.372725% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 7.555572% 147.484935% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 0.000000% 0.000000% Class X-2-A 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 0.000000% 0.000000% Class X-2-B 23,354,324.82 3.60466089% 23,354,324.82 5.12294509% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 3.13359239% 1.989353% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.92602964% 1.207563% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 1.07360660% 0.852423% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.71868625% 0.354920% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.50590953% 0.212777% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.505910% 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 0.02764891% Fraud 19,436,773.00 3.00000004% 10,357,716.80 2.27240232% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 3.39993076%
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 1 208,344.32 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 ----------------------- --------------------- ---------------------- 1 208,344.32 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 0.892857% 0.573308% 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% -------------------- ------------------- -------------------- 0.892857% 0.573308% 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 1 208,344.32 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 1 208,344.32 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 0.892857% 0.573308% 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% 0.892857% 0.573308%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.130464% Weighted Average Net Coupon 2.752522% Weighted Average Pass-Through Rate 2.743522% Weighted Average Maturity (Stepdown Calculation) 312 Beginning Scheduled Collateral Loan Count 1,230 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 1,220 Beginning Scheduled Collateral Balance 461,650,572.15 Ending Scheduled Collateral Balance 455,876,930.50 Ending Actual Collateral Balance at 27-Feb-2004 455,873,418.06 Monthly P&I Constant 1,204,317.26 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,770,044.82 Ending Scheduled Balance for Premium Loans 455,876,930.50 Scheduled Principal 0.00 Unscheduled Principal 5,773,641.65
MISCELLANEOUS REPORTING One Month Libor Loan Balance 160,005,002.73 Six Month Libor Loan Balance - POOL 1 31,755,138.69 Six Month Libor Loan Balance - POOL 2 227,775,724.13 Six Month Libor Loan Balance - POOL 3 36,341,064.95 Pro Rata Senior Percent 94.941125% 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 5.480633 2.912211 3.358839 3.130464 Weighted Average Net Rate 5.230634 2.523297 2.983839 2.752522 Pass-Through Rate 5.221633 2.514296 2.974839 2.743522 Weighted Average Maturity 336 303 340 312 Record Date 02/27/2004 02/27/2004 02/27/2004 02/27/2004 Principal and Interest Constant 149,376.73 949,950.04 104,990.49 1,204,317.26 Beginning Loan Count 67 1,049 114 1,230 Loans Paid in Full 2 7 2 10 Ending Loan Count 65 1,043 112 1,220 Beginning Scheduled Balance 32,706,451.94 391,434,551.39 37,509,568.82 461,650,572.15 Ending Scheduled Balance 31,755,138.69 387,780,726.86 36,341,064.95 455,876,930.50 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 951,313.25 3,653,824.53 1,168,503.87 5,773,641.65 Scheduled Interest 149,376.73 949,950.04 104,990.49 1,204,317.26 Servicing Fee 6,813.84 126,862.17 11,721.74 145,397.75 Master Servicing Fee 245.30 2,935.75 281.32 3,462.37 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 142,317.59 820,152.12 92,987.43 1,055,457.14 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
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