-----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, BAsqg9D0YRNeadi/rsEuyIQLFfFOG3R3d2CoLyi39mbm5F+6puP+TH0Nk0slGVrO 0m2b+H+q0mhvt8EXmRfF6g== 0000950149-03-000863.txt : 20030414 0000950149-03-000863.hdr.sgml : 20030414 20030414170425 ACCESSION NUMBER: 0000950149-03-000863 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030320 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030414 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: 03649008 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 f89235e8vk.htm FORM 8-K e8vk
Table of Contents

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 20, 2003
Date of Report (Date of Earliest Event Reported)

 
SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 9, the Issuer of Mortgage
Pass-Through Certificates under a Pooling and Servicing Agreement dated
as of August 1, 2002)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-90772   35-2170972
 
 
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)
 
591 Redwood Highway, Suite 3160, Mill Valley, CA 94941
(Address of Principal Executive Offices)
 
(415) 381-1765
(Registrant’s Telephone Number,
Including Area Code)
 
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

 

INFORMATION TO BE INCLUDED IN THE REPORT
Item 5. Other Events
Item 7(c). Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 10.1

Table of Contents

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 9 (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 20, 2003.

 

Table of Contents

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 10, 2003

         
    SEQUOIA RESIDENTIAL FUNDING, INC.
         
    By:   /s/ Harold F. Zagunis
       
        Harold F. Zagunis
Chief Financial Officer, Treasurer
and Secretary

 

Table of Contents

EXHIBIT INDEX

             
Exhibit Number       Page Number
     
10.1   Monthly Payment Date Statement relating to the distribution to Certificateholders, March 20, 2003     5  

  EX-10.1 3 f89235exv10w1.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 2002-9 RECORD DATE: FEBRUARY 28, 2003 DISTRIBUTION DATE: MARCH 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution ----- ----- ----------- ------------ ------- ------------ ------------ 1A 81743SAA8 SEN 1.69000% 370,527,214.93 521,825.83 1,036,898.50 2A 81743SAB6 SEN 3.00947% 156,574,721.67 392,672.31 4,629,773.16 X-1A 81743SAC4 IO 1.02021% 0.00 168,078.51 0.00 X-1B 81743SAD2 IO 1.03691% 0.00 149,338.57 0.00 X-B 81743SAE0 IO 0.71740% 0.00 4,604.50 0.00 A-R 81743SAF7 SEN 3.21184% 0.00 0.00 0.00 B-1 81743SAG5 SUB 2.09000% 7,702,000.00 13,414.32 0.00 B-2 81743SAH3 SUB 2.80740% 4,564,000.00 10,677.47 0.00 B-3 81743SAJ9 SUB 2.80740% 3,424,000.00 8,010.44 0.00 B-4 SMT0209B4 SUB 2.80740% 1,426,000.00 3,336.12 0.00 B-5 SMR0209B5 SUB 2.80740% 856,000.00 2,002.61 0.00 B-6 SMT0209B6 SUB 2.80740% 1,997,086.78 4,672.18 0.00 -------------- ------------ ------------ Totals 547,071,023.38 1,278,632.86 5,666,671.66 -------------- ------------ ------------
Ending Current Certificate Total Cumulative Class Realized Loss Balance Distribution Realized Loss ----- ------------- ------- ------------ ------------- 1A 0.00 369,490,316.43 1,558,724.33 0.00 2A 0.00 151,944,948.51 5,022,445.47 0.00 X-1A 0.00 0.00 168,078.51 0.00 X-1B 0.00 0.00 149,338.57 0.00 X-B 0.00 0.00 4,604.50 0.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 7,702,000.00 13,414.32 0.00 B-2 0.00 4,564,000.00 10,677.47 0.00 B-3 0.00 3,424,000.00 8,010.44 0.00 B-4 0.00 1,426,000.00 3,336.12 0.00 B-5 0.00 856,000.00 2,002.61 0.00 B-6 0.00 1,997,086.78 4,672.18 0.00 ---- -------------- ------------ ---- Totals 0.00 541,404,351.72 6,945,304.52 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) ----- ------ ------- ------------ ------------ --------- -------- 1A 381,698,000.00 370,527,214.93 0.10 1,036,898.40 0.00 0.00 2A 168,875,000.00 156,574,721.67 2.90 4,629,770.26 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-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 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 -------------- -------------- ---- ------------ ---- ---- Totals 570,533,186.78 547,071,023.38 3.00 5,666,668.66 0.00 0.00 -------------- -------------- ---- ------------ ---- ----
Ending Ending Total Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ 1A 1,036,898.50 369,490,316.43 0.96804025 1,036,898.50 2A 4,629,773.16 151,944,948.51 0.89974803 4,629,773.16 X-1A 0.00 0.00 0.00000000 0.00 X-1B 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 7,702,000.00 1.00000000 0.00 B-2 0.00 4,564,000.00 1.00000000 0.00 B-3 0.00 3,424,000.00 1.00000000 0.00 B-4 0.00 1,426,000.00 1.00000000 0.00 B-5 0.00 856,000.00 1.00000000 0.00 B-6 0.00 1,997,086.78 1.00000000 0.00 ------------ -------------- ---------- ------------ Totals 5,666,671.66 541,404,351.72 0.94894454 5,666,671.66 ------------ -------------- ---------- ------------
(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) ----- ------ ------- ------------ ------------ --------- -------- 1A 381,698,000.00 970.75685946 0.00000026 2.71660540 0.00000000 0.00000000 2A 168,875,000.00 927.16341477 0.00001717 27.41536793 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-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 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Principal Certificate Certificate Total Principal Class Reduction Balance Percentage Distribution ----- --------- ------- ---------- ------------ 1A 2.71660567 968.04025379 0.96804025 2.71660567 2A 27.41538511 899.74802967 0.89974803 27.41538511 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Payment of Current Beginning Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall ----- ------ ---- ---------------- -------- --------- --------- 1A 381,698,000.00 1.69000% 370,527,214.93 521,825.83 0.00 0.00 2A 168,875,000.00 3.00947% 156,574,721.67 392,672.31 0.00 0.00 X-1A 0.00 1.02021% 197,699,294.52 168,078.51 0.00 0.00 X-1B 0.00 1.03691% 172,827,920.41 149,338.57 0.00 0.00 X-B 0.00 0.71740% 7,702,000.00 4,604.50 0.00 0.00 A-R 100.00 3.21184% 0.00 0.00 0.00 0.00 B-1 7,702,000.00 2.09000% 7,702,000.00 13,414.32 0.00 0.00 B-2 4,564,000.00 2.80740% 4,564,000.00 10,677.47 0.00 0.00 B-3 3,424,000.00 2.80740% 3,424,000.00 8,010.44 0.00 0.00 B-4 1,426,000.00 2.80740% 1,426,000.00 3,336.12 0.00 0.00 B-5 856,000.00 2.80740% 856,000.00 2,002.61 0.00 0.00 B-6 1,997,086.78 2.80740% 1,997,086.78 4,672.18 0.00 0.00 -------------- ------------ ---- ---- Totals 570,533,186.78 1,278,632.86 0.00 0.00 -------------- ------------ ---- ----
Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance ----- --------- -------- ------------ --------- ------- 1A 0.00 0.00 521,825.83 0.00 369,490,316.43 2A 0.00 0.00 392,672.31 0.00 151,944,948.51 X-1A 0.00 0.00 168,078.51 0.00 196,796,284.83 X-1B 0.00 0.00 149,338.57 0.00 172,694,031.60 X-B 0.00 0.00 4,604.50 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,414.32 0.00 7,702,000.00 B-2 0.00 0.00 10,677.47 0.00 4,564,000.00 B-3 0.00 0.00 8,010.44 0.00 3,424,000.00 B-4 0.00 0.00 3,336.12 0.00 1,426,000.00 B-5 0.00 0.00 2,002.61 0.00 856,000.00 B-6 0.00 0.00 4,672.18 0.00 1,997,086.78 ---- ---- ------------ ---- Totals 0.00 0.00 1,278,632.86 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 Current Unpaid Current Class Original Face Certificate Certificate/ Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall --- ------ ---- ---------------- -------- --------- --------- 1A 381,698,000.00 1.69000% 970.75685946 1.36714925 0.00000000 0.00000000 2A 168,875,000.00 3.00947% 927.16341477 2.32522463 0.00000000 0.00000000 X-1A 0.00 1.02021% 970.22495153 0.82485860 0.00000000 0.00000000 X-1B 0.00 1.03691% 971.36602897 0.83934594 0.00000000 0.00000000 X-B 0.00 0.71740% 1000.00000000 0.59783173 0.00000000 0.00000000 A-R 100.00 3.21184% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 2.09000% 1000.00000000 1.74166710 0.00000000 0.00000000 B-2 4,564,000.00 2.80740% 1000.00000000 2.33949825 0.00000000 0.00000000 B-3 3,424,000.00 2.80740% 1000.00000000 2.33949766 0.00000000 0.00000000 B-4 1,426,000.00 2.80740% 1000.00000000 2.33949509 0.00000000 0.00000000 B-5 856,000.00 2.80740% 1000.00000000 2.33949766 0.00000000 0.00000000 B-6 1,997,086.78 2.80740% 1000.00000000 2.33949774 0.00000000 0.00000000
Remaining Non-Supported Unpaid Class Interest Realized Total Interest Interest Ending Certificate/ (5) Shortfall Loss (6) Distribution Shortfall Notational Balance --- --------- -------- ------------ --------- ------------------ 1A 0.00000000 0.00000000 1.36714925 0.00000000 968.04025379 2A 0.00000000 0.00000000 2.32522463 0.00000000 899.74802967 X-1A 0.00000000 0.00000000 0.82485860 0.00000000 965.79335993 X-1B 0.00000000 0.00000000 0.83934594 0.00000000 970.61351721 X-B 0.00000000 0.00000000 0.59783173 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.74166710 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.33949825 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.33949766 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.33949509 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.33949766 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.33949774 0.00000000 1000.00000000
(5) Per $1 denomination (6) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 7,111,494.66 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 9,091.32 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,120,585.98 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 175,281.46 Payment of Interest and Principal 6,945,304.52 ------------ Total Withdrawals (Pool Distribution Amount) 7,120,585.98 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 171,178.43 Master Servicing Fee 4,103.03 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 175,281.46 ============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
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 9 3,260,819.73 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 558,117.66 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 --------------------- --------------------- --------------------- 11 3,818,937.39 0 0.00 0 0.00
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 9 3,260,819.73 60 Days 0 0.00 60 Days 2 558,117.66 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 11 3,818,937.39
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------- ---------------------------------- ---------------------------------- 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 0.614754% 0.602303% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.136612% 0.103089% 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% --------------------- --------------------- --------------------- 0.751366% 0.705393% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - --------------------------------- ------------------------------------- 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 0.614754% 0.602303% 60 Days 0.000000% 0.000000% 60 Days 0.136612% 0.103089% 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% 0.751366% 0.705393%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 9,091.32
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 541,404,351.72 100.00000000% 96.311613% 0.000000% Class 1A 188,844,086.78 33.09957968% 171,914,035.29 31.75335306% 68.246647% 1,850.311537% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 3.68838683% 28.064966% 760.900837% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.26579021% 1.422597% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.42279735% 0.842993% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.79036801% 0.632429% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.52697892% 0.263389% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.36887158% 0.158107% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.368872% 10.000892%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.01752746% 100,000.00 0.01847048% Fraud 17,115,996.00 3.00000007% 17,115,996.00 3.16140717% Special Hazard 6,000,000.00 1.05164785% 5,999,000.00 1.10804429%
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 7 2,622,356.73 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+Days 0 0.00 180+ Days 0 0.00 --------------------- -------------------- --------------------- 7 2,622,356.73 0 0.00 0 0.00
REO TOTAL - ---------------------------------- ----------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0. 0.00 30 Days 7 2,622,356.73 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+Days 0 0.00 -------------------- --------------------- 0 0.00 7 2,622,356.73
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------- --------------------------------- ----------------------------------- 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 0.697906% 0.684097% 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% --------------------- -------------------- --------------------- 0.697906% 0.684097% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------------- ----------------------------------- 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 0.697906% 0.684097% 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% 0.697906% 0.684097%
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 2 638,463.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 2 558,117.66 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---------------------- -------------------- -------------------- 4 1,196,580.66 0 0.00 0 0.00
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 2 638,463.00 60 Days 0 0.00 60 Days 2 558,117.66 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------------------- ---------------------- 0 0.00 4 1,196,580.66
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------- ---------------------------------- ---------------------------------- 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 0.433839% 0.403936% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.433839% 0.353104% 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% ---------------------- -------------------- -------------------- 0.867679% 0.757040% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ----------------------------------- ------------------------------------ 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 0.433839% 0.403936% 60 Days 0.000000% 0.000000% 60 Days 0.433839% 0.353104% 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% 0.867679% 0.757040%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.189160% Weighted Average Net Coupon 2.813681% Weighted Average Pass-Through Rate 2.804681% Weighted Average Maturity (Stepdown Calculation) 326 Beginning Scheduled Collateral Loan Count 1,474 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 1,464 Beginning Scheduled Collateral Balance 547,071,023.39 Ending Scheduled Collateral Balance 541,404,351.73 Ending Actual Collateral Balance at 28-Feb-2003 541,391,556.93 Monthly P&I Constant 1,453,917.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,898,586.88 Ending Scheduled Balance for Premium Loans 541,404,351.73 Scheduled Principal 3.00 Unscheduled Principal 5,666,668.66
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.349818% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.102679 3.393469 3.189160 Weighted Average Net Rate 2.762996 3.018469 2.813681 Pass-Through Rate 2.717996 3.009469 2.804681 Weighted Average Maturity 310 352 326 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal and Interest Constant 993,817.39 460,099.95 1,453,917.34 Beginning Loan Count 1,005 469 1,474 Loans Paid in Full 2 8 10 Ending Loan Count 1,003 461 1,464 Beginning Scheduled Balance 384,371,301.72 162,699,721.67 547,071,023.39 Ending Scheduled Balance 383,334,403.22 158,069,948.51 541,404,351.73 Scheduled Principal 0.10 2.90 3.00 Unscheduled Principal 1,036,898.40 4,629,770.26 5,666,668.66 Scheduled Interest 993,817.29 460,097.05 1,453,914.34 Servicing Fee 120,334.77 50,843.66 171,178.43 Master Servicing Fee 2,882.78 1,220.25 4,103.03 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 870,599.74 408,033.14 1,278,632.88 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
MISCELLANEOUS REPORTING
Group 1 ------- One Month LIBOR Loans 204,169,860.61 Six Month LIBOR Loans 179,164,542.61
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