EX-10.1 3 f97888kexv10w1.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 2003-6 RECORD DATE: FEBRUARY 27, 2004 DISTRIBUTION DATE: MARCH 22, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution ------------------------------------------------------------------------------------------------------------------ A-1 81743PCX2 SEN 1.40125% 439,601,283.15 513,326.08 4,020,349.70 X-1 81743PCZ7 IO 0.80000% 0.00 366,601.75 0.00 A-2 81743PCY0 SEN 1.55125% 174,964,157.36 226,177.62 2,274,477.04 X-2 81743PDA1 IO 0.50005% 0.00 256,091.85 0.00 B-1 81743PDD5 SUB 1.67125% 11,287,000.00 15,719.50 0.00 X-B 81743PDB9 IO 0.98851% 0.00 9,297.79 0.00 B-2 81743PDE3 SUB 2.65976% 5,643,000.00 12,507.54 0.00 B-3 81743PDF0 SUB 2.65976% 3,320,000.00 7,358.68 0.00 B-4 81743PDG8 SUB 2.65976% 1,660,000.00 3,679.34 0.00 B-5 81743PDH6 SUB 2.65976% 996,000.00 2,207.60 0.00 B-6 81743PDJ2 SUB 2.65976% 2,323,950.00 5,150.96 0.00 A-R 81743PDC7 RES 2.62771% 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------------ Totals 639,795,390.51 1,418,118.71 6,294,826.74 ------------------------------------------------------------------------------------------------------------------ Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss ------------------------------------------------------------------------------------------------- A-1 81743PCX2 0.00 435,580,933.45 4,533,675.78 0.00 X-1 81743PCZ7 0.00 0.00 366,601.75 0.00 A-2 81743PCY0 0.00 172,689,680.32 2,500,654.66 0.00 X-2 81743PDA1 0.00 0.00 256,091.85 0.00 B-1 81743PDD5 0.00 11,287,000.00 15,719.50 0.00 X-B 81743PDB9 0.00 0.00 9,297.79 0.00 B-2 81743PDE3 0.00 5,643,000.00 12,507.54 0.00 B-3 81743PDF0 0.00 3,320,000.00 7,358.68 0.00 B-4 81743PDG8 0.00 1,660,000.00 3,679.34 0.00 B-5 81743PDH6 0.00 996,000.00 2,207.60 0.00 B-6 81743PDJ2 0.00 2,323,950.00 5,150.96 0.00 A-R 81743PDC7 0.00 0.00 0.00 0.00 -------------------------------------------------------------------------------------------- Totals 0.00 633,500,563.77 7,712,945.45 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 ----------------------------------------------------------------------------------------------- A-1 458,238,000.00 439,601,283.15 223.22 4,020,126.48 0.00 X-1 0.00 0.00 0.00 0.00 0.00 A-2 180,474,000.00 174,964,157.36 364.62 2,274,112.42 0.00 X-2 0.00 0.00 0.00 0.00 0.00 B-1 11,287,000.00 11,287,000.00 0.00 0.00 0.00 B-2 5,643,000.00 5,643,000.00 0.00 0.00 0.00 B-3 3,320,000.00 3,320,000.00 0.00 0.00 0.00 B-4 1,660,000.00 1,660,000.00 0.00 0.00 0.00 B-5 996,000.00 996,000.00 0.00 0.00 0.00 B-6 2,323,950.00 2,323,950.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 --------------------------------------------------------------------------------------------- Totals 663,942,050.00 639,795,390.51 587.84 6,294,238.90 0.00 --------------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution ---------------------------------------------------------------------------------------------------- A-1 0.00 4,020,349.70 435,580,933.45 0.95055612 4,020,349.70 X-1 0.00 0.00 0.00 0.00000000 0.00 A-2 0.00 2,274,477.04 172,689,680.32 0.95686736 2,274,477.04 X-2 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 11,287,000.00 1.00000000 0.00 B-2 0.00 0.00 5,643,000.00 1.00000000 0.00 B-3 0.00 0.00 3,320,000.00 1.00000000 0.00 B-4 0.00 0.00 1,660,000.00 1.00000000 0.00 B-5 0.00 0.00 996,000.00 1.00000000 0.00 B-6 0.00 0.00 2,323,950.00 1.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 -------------------------------------------------------------------------------------------------- Totals 0.00 6,294,826.74 633,500,563.77 0.95415039 6,294,826.74 --------------------------------------------------------------------------------------------------
(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 ---------------------------------------------------------------------------------------- A-1 458,238,000.00 959.32961289 0.00048713 8.77300983 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 180,474,000.00 969.47015836 0.00202035 0.00202035 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 11,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 996,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,323,950.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution --------------------------------------------------------------------------------------------------- A-1 0.00000000 8.77349696 950.55611593 0.95055612 8.77349696 X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 12.60279619 956.86736217 0.95686736 12.60279619 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 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 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Original Face Current Notional Accrued Interest Class Amount Certificate Rate Balance Interest Shortfall -------------------------------------------------------------------------------------------------- A-1 458,238,000.00 1.40125% 439,601,283.15 513,326.08 0.00 X-1 0.00 0.80000% 549,902,617.37 366,601.74 0.00 A-2 180,474,000.00 1.55125% 174,964,157.36 226,177.62 0.00 X-2 0.00 0.50005% 614,565,440.51 256,091.85 0.00 B-1 11,287,000.00 1.67125% 11,287,000.00 15,719.50 0.00 X-B 0.00 0.98851% 11,287,000.00 9,297.79 0.00 B-2 5,643,000.00 2.65976% 5,643,000.00 12,507.54 0.00 B-3 3,320,000.00 2.65976% 3,320,000.00 7,358.68 0.00 B-4 1,660,000.00 2.65976% 1,660,000.00 3,679.34 0.00 B-5 996,000.00 2.65976% 996,000.00 2,207.60 0.00 B-6 2,323,950.00 2.65976% 2,323,950.00 5,150.96 0.00 A-R 100.00 2.62771% 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------- Totals 663,942,050.00 1,418,118.70 0.00 ---------------------------------------------------------------------------------------------- Remaining Ending Current Non-Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance --------------------------------------------------------------------------------------------------- A-1 0.00 0.00 0.00 513,326.08 0.00 435,580,933.45 X-1 0.00 0.00 0.00 366,601.75 0.00 529,622,370.86 A-2 0.00 0.00 0.00 226,177.62 0.00 172,689,680.32 X-2 0.00 0.00 0.00 256,091.85 0.00 608,270,613.77 B-1 0.00 0.00 0.00 15,719.50 0.00 11,287,000.00 X-B 0.00 0.00 0.00 9,297.79 0.00 11,287,000.00 B-2 0.00 0.00 0.00 12,507.54 0.00 5,643,000.00 B-3 0.00 0.00 0.00 7,358.68 0.00 3,320,000.00 B-4 0.00 0.00 0.00 3,679.34 0.00 1,660,000.00 B-5 0.00 0.00 0.00 2,207.60 0.00 996,000.00 B-6 0.00 0.00 0.00 5,150.96 0.00 2,323,950.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 --------------------------------------------------------------------------------------------------- Totals 0.00 0.00 0.00 1,418,118.71 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 (5) Original Face Certificate Certificate/ Current Accrued Interest Interest Amount Rate Notional Balance Interest Shortfall Shortfall ---------------------------------------------------------------------------------------------------------- A-1 458,238,000.00 1.40125% 959.32961289 1.12021718 0.00000000 0.00000000 X-1 0.00 0.80000% 860.95551261 0.57397033 0.00000000 0.00000000 A-2 180,474,000.00 1.55125% 969.47015836 1.25324213 0.00000000 0.00000000 X-2 0.00 0.50005% 962.19491807 0.40095043 0.00000000 0.00000000 B-1 11,287,000.00 1.67125% 1000.00000000 1.39270843 0.00000000 0.00000000 X-B 0.00 0.98851% 1000.00000000 0.82376096 0.00000000 0.00000000 B-2 5,643,000.00 2.65976% 1000.00000000 2.21646996 0.00000000 0.00000000 B-3 3,320,000.00 2.65976% 1000.00000000 2.21646988 0.00000000 0.00000000 B-4 1,660,000.00 2.65976% 1000.00000000 2.21646988 0.00000000 0.00000000 B-5 996,000.00 2.65976% 1000.00000000 2.21646586 0.00000000 0.00000000 B-6 2,323,950.00 2.65976% 1000.00000000 2.21646765 0.00000000 0.00000000 A-R 100.00 2.62771% 0.00000000 0.00000000 0.00000000 0.00000000 Non- Remaining Supported Unpaid Class (5) Interest Realized Total Interest Interest Ending Certificate/ Shortfall Loss (6) Distribution Shortfall Notational Balance --------------------------------------------------------------------------------------------- A-1 0.00000000 0.00000000 1.12021718 0.00000000 950.55611593 X-1 0.00000000 0.00000000 0.57397035 0.00000000 829.20372697 A-2 0.00000000 0.00000000 1.25324213 0.00000000 956.86736217 X-2 0.00000000 0.00000000 0.40095043 0.00000000 952.33941709 B-1 0.00000000 0.00000000 1.39270843 0.00000000 1000.00000000 X-B 0.00000000 0.00000000 0.82376096 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.21646996 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.21646988 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.21646988 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.21646586 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.21646765 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
(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 7,907,360.93 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 16,853.29 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,924,214.22 Withdrawals Reimbursement for Servicer Advances 17,938.73 Payment of Service Fee 193,330.04 Payment of Interest and Principal 7,712,945.45 ------------ Total Withdrawals (Pool Distribution Amount) 7,924,214.22 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 187,998.38 Master Servicing Fee 5,331.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 193,330.04 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance -------------------------------------------------------------------------------------------------------- Class A-1 Companion Sub Account 4,000.00 0.00 0.00 4,000.00 Class A-1 NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class A-2 Companion Sub Account 500.00 0.00 0.00 500.00 Class A-2 NAS Sub Account 2,000.00 0.00 0.00 2,000.00 Class B-1 Sub Account 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 18 6,898,610.72 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 1 165,484.00 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 1 162,241.99 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------ ---------------------- ----------------------- 20 7,226,336.71 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 0.979858% 1.088965% 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 0.054437% 0.026122% 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 0.054437% 0.025610% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- -------------------- --------------------- 1.088732% 1.140698% 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 18 6,898,610.72 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 165,484.00 120 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 1 162,241.99 ---------------------- ------------------------ 0 0.00 20 7,226,336.71 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 0.979858% 1.088965% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.054437% 0.026122% 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 0.054437% 0.025610% -------------------- --------------------- 0.000000% 0.000000% 1.088732% 1.140698%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 16,853.29
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current$ Current% Current Class% Prepayment% ---------- --------- --------- --------- --------------- ------------ Class A 25,229,950.00 3.80002806% 25,229,950.00 3.98262471% 96.017375% 0.000000% Class X-1 25,229,950.00 3.80002806% 25,229,950.00 3.98262471% 0.000000% 0.000000% Class X-2 25,229,950.00 3.80002806% 25,229,950.00 3.98262471% 0.000000% 0.000000% Class B-1 13,942,950.00 2.10002799% 13,942,950.00 2.20093727% 1.781687% 44.736514% Class B-2 8,299,950.00 1.25010327% 8,299,950.00 1.31017247% 0.890765% 22.366275% Class B-3 4,979,950.00 0.75005895% 4,979,950.00 0.78610033% 0.524072% 13.158964% Class B-4 3,319,950.00 0.50003679% 3,319,950.00 0.52406425% 0.262036% 6.579482% Class B-5 2,323,950.00 0.35002349% 2,323,950.00 0.36684261% 0.157222% 3.947689% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.366843% 9.211077%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE --------------------------------------------------------------------------------------------------------------- POOL 1 - 1 MONTH 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 1 172,414.04 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 ------------------------ ---------------------- ---------------------- 1 172,414.04 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 0.568182% 0.247796% 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% ------------------------ ---------------------- ---------------------- 0.568182% 0.247796% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL --------------------------------------------------------------------------- POOL 1 - 1 MONTH 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 1 172,414.04 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 1 172,414.04 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 0.568182% 0.247796% 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% 0.568182% 0.247796%
DELINQUENT BANKRUPTCY FORECLOSURE --------------------------------------------------------------------------------------------------------------- POOL 1 - 6 MONTH 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 9 2,892,279.45 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 1 165,484.00 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 ------------------------ ---------------------- ---------------------- 10 3,057,763.45 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 0.790861% 0.752995% 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 0.087873% 0.043083% 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% --------------------- -------------------- -------------------- 0.878735% 0.796078% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL --------------------------------------------------------------------------- POOL 1 - 6 MONTH 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 9 2,892,279.45 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 165,484.00 120 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 10 3,057,763.45 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 0.790861% 0.752995% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.087873% 0.043083% 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% 0.878735% 0.796078%
DELINQUENT BANKRUPTCY FORECLOSURE --------------------------------------------------------------------------------------------------------------- POOL 2 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 3,833,917.23 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 1 162,241.99 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------ ---------------------- ---------------------- 9 3,996,159.22 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 1.529637% 2.132098% 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 0.191205% 0.090225% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- -------------------- -------------------- 1.720841% 2.222323% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL --------------------------------------------------------------------------- POOL 2 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 3,833,917.23 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 1 162,241.99 ---------------------- ------------------------ 0 0.00 9 3,996,159.22 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 1.529637% 2.132098% 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 0.191205% 0.090225% -------------------- --------------------- 0.000000% 0.000000% 1.720841% 2.222323%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.022433% Weighted Average Net Coupon 2.669823% Weighted Average Pass-Through Rate 2.659823% Weighted Average Maturity (Stepdown Calculation) 324 Beginning Scheduled Collateral Loan Count 1,853 Number of Loans Paid in Full 16 Ending Scheduled Collateral Loan Count 1,837 Beginning Scheduled Collateral Balance 639,795,390.70 Ending Scheduled Collateral Balance 633,500,563.96 Ending Actual Collateral Balance at 27-Feb-2004 633,501,413.88 Monthly P&I Constant 1,612,036.57 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,657,024.04 Ending Scheduled Balance for Premium Loans 633,500,563.96 Scheduled Principal 587.84 Unscheduled Principal 6,294,238.90
GROUP POOL 1 - 1 MONTH POOL 1 - 6 MONTH POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.856967 3.041375 3.045494 3.022433 Weighted Average Net Rate 2.515832 2.687766 2.690614 2.669823 Pass-Through Rate 2.505832 2.677766 2.680614 2.659823 Weighted Average Maturity 309 325 330 324 Record Date 02/27/2004 02/27/2004 02/27/2004 02/27/2004 Principal and Interest Constant 166,251.65 983,284.27 462,500.65 1,612,036.57 Beginning Loan Count 177 1,148 528 1,853 Loans Paid in Full 1 10 5 16 Ending Loan Count 176 1,138 523 1,837 Beginning Scheduled Balance 69,786,303.53 387,916,044.48 182,093,042.69 639,795,390.70 Ending Scheduled Balance 69,578,988.91 384,103,009.40 179,818,565.65 633,500,563.96 Scheduled Principal 104.03 119.19 364.62 587.84 Unscheduled Principal 207,210.59 3,812,915.89 2,274,112.42 6,294,238.90 Scheduled Interest 166,147.62 983,165.08 462,136.03 1,611,448.73 Servicing Fee 19,838.75 114,308.68 53,850.95 187,998.38 Master Servicing Fee 581.56 3,232.65 1,517.45 5,331.66 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 145,727.31 865,623.75 406,767.63 1,418,118.69 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
MISCELLANEOUS REPORTING
Group Pool 1 - 1 Month 1 Month LIBOR Loan Balance 69,578,988.91 6 Month LIBOR Loan Balance 384,103,009.40 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 96.045232% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000% Group 1 - 6 Month 6 Month LIBOR Loan Balance 179,818,565.65 Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Pro-Rata Pct 96.085031% Senior Pct 100.000000% Senior Prepay Pct 100.000000% Subordinate Pct 0.000000% Subordinate Prepay Pct 0.000000%