-----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, WUNsi8/cKi0bzoBJud1NToFxPckyMgQWWFkDNTKsc+1QU8nbkVW9BKe6vWxNc4ni 0DLvuJX7et4Px6C8SxZ4JA== 0000950149-03-001332.txt : 20030611 0000950149-03-001332.hdr.sgml : 20030611 20030611140610 ACCESSION NUMBER: 0000950149-03-001332 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030520 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030611 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: 03740468 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 f90804de8vk.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

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

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 11, the Issuer of Mortgage Pass-Through
Certificates under a Pooling and Servicing Agreement dated as of
October 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 11 (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, May 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: June 6, 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, May 20, 2003     5  

  EX-10.1 3 f90804dexv10w1.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 2002-11 RECORD DATE: APRIL 30, 2003 DISTRIBUTION DATE: MAY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- -------------------------------------------------------------------------------------- Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - -------------------------------------------------------------------------------------- A 81744AAA6 SEN 1.77938% 670,237,852.46 993,839.86 X-1A 81744AAC2 IO 0.94222% 0.00 147,677.87 X-1B 81744AAD0 IO 1.08500% 0.00 435,951.44 X-B 81744AAE8 IO 0.52494% 0.00 4,254.60 A-R 81744AAF5 SEN 3.26676% 0.00 0.00 B-1 81744AAB4 SUB 2.29938% 9,726,000.00 18,636.47 B-2 81744AAG3 SUB 2.82432% 5,764,000.00 13,566.13 B-3 81744AAH1 SUB 2.82432% 3,962,000.00 9,324.95 B-4 SMT0211B4 SUB 2.82432% 1,801,000.00 4,238.83 B-5 SMT0211B5 SUB 2.82432% 1,080,000.00 2,541.88 B-6 SMT0211B6 SUB 2.82432% 2,882,787.00 6,784.92 - -------------------------------------------------------------------------------------- Totals 695,453,639.46 1,636,816.95 - -------------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------------------- Principal Current Ending Certificate Total Cumulative Class CUSIP Distribution Realized Loss Balance Distribution Realized Loss - ----------------------------------------------------------------------------------------------------------- A 81744AAA6 4,168,461.65 0.00 666,069,390.81 5,162,301.51 0.00 X-1A 81744AAC2 0.00 0.00 0.00 147,677.87 0.00 X-1B 81744AAD0 0.00 0.00 0.00 435,951.44 0.00 X-B 81744AAE8 0.00 0.00 0.00 4,254.60 0.00 A-R 81744AAF5 0.00 0.00 0.00 0.00 0.00 B-1 81744AAB4 0.00 0.00 9,726,000.00 18,636.47 0.00 B-2 81744AAG3 0.00 0.00 5,764,000.00 13,566.13 0.00 B-3 81744AAH1 0.00 0.00 3,962,000.00 9,324.95 0.00 B-4 SMT0211B4 0.00 0.00 1,801,000.00 4,238.83 0.00 B-5 SMT0211B5 0.00 0.00 1,080,000.00 2,541.88 0.00 B-6 SMT0211B6 0.00 0.00 2,882,787.00 6,784.92 0.00 - ----------------------------------------------------------------------------------------------------------- Totals 4,168,461.65 0.00 691,285,177.81 5,805,278.60 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 695,210,000.00 670,237,852.46 0.00 4,168,461.65 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 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 9,726,000.00 9,726,000.00 0.00 0.00 0.00 B-2 5,726,000.00 5,764,000.00 0.00 0.00 0.00 B-3 3,962,000.00 3,962,000.00 0.00 0.00 0.00 B-4 1,801,000.00 1,801,000.00 0.00 0.00 0.00 B-5 1,080,000.00 1,080,000.00 0.00 0.00 0.00 B-6 2,882,787.00 2,882,787.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------- Totals 720,425,887.00 695,453,639.46 0.00 4,168,461.65 0.00 - ---------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------------------- Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------------------------- A 0.00 4,168,461.65 666,069,390.81 0.95808373 4,168,461.65 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-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 9,726,000.00 1.00000000 0.00 B-2 0.00 0.00 5,764,000.00 1.00000000 0.00 B-3 0.00 0.00 3,962,000.00 1.00000000 0.00 B-4 0.00 0.00 1,801,000.00 1.00000000 0.00 B-5 0.00 0.00 1,080,000.00 1.00000000 0.00 B-6 0.00 0.00 2,882,787.00 1.00000000 0.00 - ---------------------------------------------------------------------------------------------- Totals 0.00 4,168,461.65 691,285,177.81 0.95955072 4,168,461.65 - ----------------------------------------------------------------------------------------------
(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 - -------------------------------------------------------------------------------- A 695,210,000.00 964.07970607 0.00000000 5.99597481 0.00000000 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-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 9,726,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 5,764,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 3,962,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,801,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,080,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 2,882,787.00 1000.00000000 0.00000000 0.00000000 0.00000000 - -------------------------------------------------------------------------------- - ----------------------------------------------------------------------------------------------- Ending Realized Total Principal Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------------------- A 0.00000000 5.99597481 958.08373126 0.95808373 0.99597481 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 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
- ------------------------------------------------------------------------------------------------ Beginning Payment of Current Certificate/ Current Unpaid Current Original Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------ A 695,210,000.00 1.77938% 670,237,852.46 993,839.86 0.00 0.00 X-1A 0.00 0.94222% 188,080,422.85 147,677.87 0.00 0.00 X-1B 0.00 1.08500% 482,157,429.61 435,951.44 0.00 0.00 X-B 0.00 0.52494% 9,726,000.00 4,254.60 0.00 0.00 A-R 100.00 3.26676% 0.00 0.00 0.00 0.00 B-1 9,726,000.00 2.29938% 9,726,000.00 18,636.47 0.00 0.00 B-2 5,764,000.00 2.82432% 5,764,000.00 13,566.13 0.00 0.00 B-3 3,962,000.00 2.82432% 3,962,000.00 9,324.95 0.00 0.00 B-4 1,801,000.00 2.82432% 1,801,000.00 4,238.83 0.00 0.00 B-5 1,080,000.00 2.82432% 1,080,000.00 2,541.88 0.00 0.00 B-6 2,882,787.00 2.82432% 2,882,787.00 6,784.92 0.00 0.00 - ------------------------------------------------------------------------------------------------ Totals 720,425,887.00 1,636,816.95 0.00 0.00 - ------------------------------------------------------------------------------------------------ - -------------------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - -------------------------------------------------------------------------------- A 0.00 0.00 993,839.86 0.00 666,069,390.81 X-1A 0.00 0.00 147,677.87 0.00 187,192,305.18 X-1B 0.00 0.00 435,951.44 0.00 478,877,085.63 X-B 0.00 0.00 4,254.60 0.00 9,726,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 18,636.47 0.00 9,726,000.00 B-2 0.00 0.00 13,566.13 0.00 5,764,000.00 B-3 0.00 0.00 9,324.95 0.00 3,962,000.00 B-4 0.00 0.00 4,238.83 0.00 1,801,000.00 B-5 0.00 0.00 2,541.88 0.00 1,080,000.00 B-6 0.00 0.00 6,784.92 0.00 2,882,787.00 - -------------------------------------------------------------------------------- Totals 0.00 0.00 1,636,816.95 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ---------------------------------------------------------------------------------------------------- A 695,210,000.00 1.77938% 964.07970607 1.42955346 0.00000000 0.00000000 X-1A 0.00 0.94222% 980.80444818 0.77011264 0.00000000 0.00000000 X-1B 0.00 1.08500% 957.70951471 0.86593054 0.00000000 0.00000000 X-B 0.00 0.52494% 1000.00000000 0.43744602 0.00000000 0.00000000 A-R 100.00 3.26676% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,726,000.00 2.29938% 1000.00000000 1.91614950 0.00000000 0.00000000 B-2 5,726,000.00 2.82432% 1000.00000000 2.35359646 0.00000000 0.00000000 B-3 3,962,000.00 2.82432% 1000.00000000 2.35359667 0.00000000 0.00000000 B-4 1,801,000.00 2.82432% 1000.00000000 2.35359800 0.00000000 0.00000000 B-5 1,080,000.00 2.82432% 1000.00000000 2.35359259 0.00000000 0.00000000 B-6 2,882,787.00 2.82432% 1000.00000000 2.35359740 0.00000000 0.00000000 - ---------------------------------------------------------------------------------------------------- - -------------------------------------------------------------------------------------------- Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class (5) Shortfall Loss (6) Distribution Shortfall Notational Balance - -------------------------------------------------------------------------------------------- A 0.00000000 0.00000000 1.42955346 0.00000000 958.08373126 X-1A 0.00000000 0.00000000 0.77011264 0.00000000 976.17307960 X-1B 0.00000000 0.00000000 0.86593054 0.00000000 951.19376602 X-B 0.00000000 0.00000000 0.43744602 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.91614950 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.35359646 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.35359667 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.35359800 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.35359259 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.35359740 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 6,014,480.98 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,867.06 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 6,019,348.04 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 214,069.44 Payment of Interest and Principal 5,805,278.60 ------------ Total Withdrawals (Pool Distribution Amount) 6,019,348.04 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 210,012.60 Master Servicing Fee 4,056.84 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 214,069.44 ==========
- ----------------------------------------------------------------------------------------------------- Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------------- Class X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-B 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 3 1,736,875.55 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 1 123,750.00 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 1,860,625.55 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 0.152362% 0.251256% 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 0.050787% 0.017902% 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% ------------------------- --------------------- --------------------- 0.203149% 0.269157% 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 3 1,736,875.55 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 123,750.00 120 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 1,860,625.55 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 0.152362% 0.251256% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.050787% 0.017902% 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% 0.203149% 0.269157% - ------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,867.06
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 25,215,787.00 3.50012228% 25,215,787.00 3.64766782% 96.352332% 0.000000% Class B-1 15,489,787.00 2.15008751% 15,489,787.00 2.24072315% 1.406945% 38.571075% Class B-2 9,725,787.00 1.35000521% 9,725,787.00 1.40691386% 0.833809% 22.858696% Class B-3 5,763,787.00 0.80005273% 5,763,787.00 0.83377847% 0.573135% 15.712379% Class B-4 3,962,787.00 0.55006172% 3,962,787.00 0.57324924% 0.260529% 7.142351% Class B-5 2,882,787.00 0.40015039% 2,882,787.00 0.41701859% 0.156231% 4.283031% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.417018% 11.432469%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 119,754.00 0.01662267% 119,754.00 0.01732339% Fraud 21,612,777.00 3.00000005% 21,612,777.00 3.12646324% Special Hazard 11,600,000.00 1.61015869% 11,600,000.00 1.67803395%
Limit of subordinate's exposure to certain types of losses COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.193690% Weighted Average Net Coupon 2.831315% Weighted Average Pass-Through Rate 2.824315% Weighted Average Maturity (Stepdown Calculation) 320 Beginning Scheduled Collateral Loan Count 1,981 Number of Loans Paid in Full 12 Ending Scheduled Collateral Loan Count 1,969 Beginning Scheduled Collateral Balance 695,453,639.46 Ending Scheduled Collateral Balance 691,285,177.81 Ending Actual Collateral Balance at 30-Apr-2003 691,277,848.22 Monthly P&I Constant 1,850,886.36 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 5,162,301.51 Ending Scheduled Balance for Premium Loans 691,285,177.81 Scheduled Principal 0.00 Unscheduled Principal 4,168,461.65
MISCELLANEOUS REPORTING Pro Rata Senior Percentage 96.374196% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% One Month LIBOR Loan Balance 194,278,956.15 Six Month LIBOR Loan Balance 497,006,221.66
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