-----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, WtSuZi1Qxn7yfosfX5mcEZrA8Z7N0+3gYcm53PqZBLfyOhR6qvoGmoVxv9RfYF84 KNcLUyTpGyJOCIa+RL0iew== 0000950149-03-001333.txt : 20030611 0000950149-03-001333.hdr.sgml : 20030611 20030611140639 ACCESSION NUMBER: 0000950149-03-001333 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: 03740469 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 f90804ee8vk.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 10, the Issuer of Mortgage Pass-Through
Certificates under a Pooling and Servicing Agreement dated as of
September 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 10 (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 f90804eexv10w1.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 2002-10 RECORD DATE: APRIL 30, 2003 DISTRIBUTION DATE: MAY 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ----------------------------------------------------------------------------------------------- Certificate Certificate Class Pass-Through Beginning Interest Principal Class CUSIP Description Rate Certificate Balance Distribution Distribution - ----------------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.72938% 790,940,172.64 1,139,863.43 9,690,513.07 2A-1 81743VAB9 SEN 1.70839% 185,042,623.79 263,590.13 3,266,238.49 2A-2 81743VAN3 SEN 2.00938% 3,500,000.00 5,860.69 0.00 X-1A 81743VAC7 IO 1.15840% 0.00 364,731.97 0.00 X-1B 81743VAD5 IO 1.23674% 0.00 425,754.66 0.00 X-2 81743VAP8 IO 1.25564% 0.00 197,284.90 0.00 X-B 81743VAE3 IO 0.69709% 0.00 14,943.87 0.00 A-R 81743VAF0 SEN 3.37678% 0.00 0.00 0.00 B-1 81743VAG8 SUB 2.12938% 12,600,000.00 22,358.49 0.00 B-2 81743VAH6 SUB 2.12938% 8,400,000.00 14,905.66 0.00 B-3 81743VAJ2 SUB 2.72938% 4,725,000.00 10,746.93 0.00 B-4 SMT0210B4 SUB 2.93667% 2,625,000.00 6,423.97 0.00 B-5 SMT0210B5 SUB 2.93667% 2,100,000.00 5,139.18 0.00 B-6 SMT0210B6 SUB 2.93667% 3,685,162.00 9,018.43 0.00 - ----------------------------------------------------------------------------------------------- Totals 1,013,617,958.43 2,480,622.31 12,956,751.56 - ----------------------------------------------------------------------------------------------- - ---------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ---------------------------------------------------------------------------------- 1A 81743VAA1 0.00 781,249,659.57 10,830,376.50 0.00 2A-1 81743VAB9 0.00 181,776,385.30 3,529,828.62 0.00 2A-2 81743VAN3 0.00 3,500,000.00 5,860.69 0.00 X-1A 81743VAC7 0.00 0.00 364,731.97 0.00 X-1B 81743VAD5 0.00 0.00 425,754.66 0.00 X-2 81743VAP8 0.00 0.00 197,284.90 0.00 X-B 81743VAE3 0.00 0.00 14,943.87 0.00 A-R 81743VAF0 0.00 0.00 0.00 0.00 B-1 81743VAG8 0.00 12,600,000.00 22,358.49 0.00 B-2 81743VAH6 0.00 8,400,000.00 14,905.66 0.00 B-3 81743VAJ2 0.00 4,725,000.00 10,746.93 0.00 B-4 SMT0210B4 0.00 2,625,000.00 6,423.97 0.00 B-5 SMT0210B5 0.00 2,100,000.00 5,139.18 0.00 B-6 SMT0210B6 0.00 3,685,162.00 9,018.43 0.00 - ---------------------------------------------------------------------------------- Totals 0.00 1,000,661,206.87 15,437,373.87 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 - ---------------------------------------------------------------------------------- 1A 822,375,000.00 790,940,172.64 0.00 9,690,513.07 0.00 2A-1 190,000,000.00 185,042,623.79 0.00 3,266,238.49 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 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-2 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 12,600,000.00 12,600,000.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 - ---------------------------------------------------------------------------------- Totals 1,050,010,262.00 1,013,617,958.43 0.00 12,956,751.56 0.00 - ---------------------------------------------------------------------------------- - ------------------------------------------------------------------------------------------ Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------ 1A 0.00 9,690,513.07 781,249,659.57 0.94999199 9,690,513.07 2A-1 0.00 3,266,238.49 181,776,385.30 0.95671782 3,266,238.49 2A-2 0.00 0.00 3,500,000.00 1.00000000 0.00 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 12,600,000.00 1.00000000 0.00 B-2 0.00 0.00 8,400,000.00 1.00000000 0.00 B-3 0.00 0.00 4,725,000.00 1.00000000 0.00 B-4 0.00 0.00 2,625,000.00 1.00000000 0.00 B-5 0.00 0.00 2,100,000.00 1.00000000 0.00 B-6 0.00 0.00 3,685,162.00 1.00000000 0.00 - ------------------------------------------------------------------------------------------ Totals 0.00 12,956,751.56 1,000,661,206.87 0.95300136 12,956,751.56 - ------------------------------------------------------------------------------------------
(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 - ------------------------------------------------------------------------------ 1A 822,375,000.00 961.77555573 0.00000000 11.78356962 0.00000000 2A-1 190,000,000.00 973.90854626 0.00000000 17.19072889 0.00000000 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 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-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------ - -------------------------------------------------------------------------------------- Ending Realized Total Principal Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------- 1A 0.00000000 11.78356962 949.99198610 0.94999199 11.78356962 2A-1 0.00000000 17.19072889 956.71781737 0.95671782 17.19072889 2A-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 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-2 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 Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------ 1A 822,375,000.00 1.72938% 790,940,172.64 1,139,863.43 0.00 0.00 2A-1 190,000,000.00 1.70839% 185,042,623.79 263,590.13 0.00 0.00 2A-2 3,500,000.00 2.00938% 3,500,000.00 5,860.69 0.00 0.00 X-1A 0.00 1.15840% 377,831.666.52 364,731.97 0.00 0.00 X-1B 0.00 1.23674% 413,108,506.12 425,754.66 0.00 0.00 X-2 0.00 1.25564% 188,542,623.79 197,284.90 0.00 0.00 X-B 0.00 0.69709% 25,725,000.00 14,943.87 0.00 0.00 A-R 100.00 3.37678% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 2.12938% 12,600,000.00 22,358.49 0.00 0.00 B-2 8,400,000.00 2.12938% 8,400,000.00 14,905.66 0.00 0.00 B-3 4,725,000.00 2.72938% 4,725,000.00 10,746.93 0.00 0.00 B-4 2,625,000.00 2.93667% 2,625,000.00 6,423.97 0.00 0.00 B-5 2,100,000.00 2.93667% 2,100,000.00 5,139.18 0.00 0.00 B-6 3,685,162.00 2.93667% 3,685,162.00 9,018.43 0.00 0.00 - ------------------------------------------------------------------------------------------------ Totals 1,050,010,262.00 2,480,622.31 0.00 0.00 - ------------------------------------------------------------------------------------------------ - ----------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ----------------------------------------------------------------------- 1A 0.00 0.00 1,139,863.43 0.00 781,249,659.57 2A-1 0.00 0.00 263,590.13 0.00 181,776,385.30 2A-2 0.00 0.00 5,860.69 0.00 3,500,000.00 X-1A 0.00 0.00 364,731.97 0.00 372,934,288.25 X-1B 0.00 0.00 425,754.66 0.00 408,315,371.32 X-2 0.00 0.00 197,284.90 0.00 185,276,385.30 X-B 0.00 0.00 14,943.87 0.00 25,725,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 22,358.49 0.00 12,600,000.00 B-2 0.00 0.00 14,905.66 0.00 8,400,000.00 B-3 0.00 0.00 10,746.93 0.00 4,725,000.00 B-4 0.00 0.00 6,423.97 0.00 2,625,000.00 B-5 0.00 0.00 5,139.18 0.00 2,100,000.00 B-6 0.00 0.00 9,018.43 0.00 3,685,162.00 - ----------------------------------------------------------------------- Totals 0.00 0.00 2,480,622.31 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 Amount Rate Notional Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------ 1A 822,375,000.00 1.72938% 961.77555573 1.38606284 0.00000000 0.00000000 2A-1 190,000,000.00 1.70839% 973.90854626 1.38731647 0.00000000 0.00000000 2A-2 3,500,000.00 2.00938% 1000.00000000 1.67448286 0.00000000 0.00000000 X-1A 0.00 1.15840% 961.50208372 0.92816611 0.00000000 0.00000000 X-1B 0.00 1.23674% 962.02581120 0.99147552 0.00000000 0.00000000 X-2 0.00 1.25564% 974.38048470 1.01956021 0.00000000 0.00000000 X-B 0.00 0.69709% 1000.00000000 0.58090845 0.00000000 0.00000000 A-R 100.00 3.37678% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 2.12938% 1000.00000000 1.77448333 0.00000000 0.00000000 B-2 8,400,000.00 2.12938% 1000.00000000 1.77448333 0.00000000 0.00000000 B-3 4,725,000.00 2.72938% 1000.00000000 2.27448254 0.00000000 0.00000000 B-4 2,625,000.00 2.93667% 1000.00000000 2.44722667 0.00000000 0.00000000 B-5 2,100,000.00 2.93667% 1000.00000000 2.44722857 0.00000000 0.00000000 B-6 3,685,162.00 2.93667% 1000.00000000 2.44722756 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------ - --------------------------------------------------------------------------------- Non- Remaining Supported Unpaid Interest Realized Total Interest Interest Ending Certificate/ Class Shortfall Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------- 1A 0.00000000 0.00000000 1.38606284 0.00000000 949.99198610 2A-1 0.00000000 0.00000000 1.38731647 0.00000000 956.71781737 2A-2 0.00000000 0.00000000 1.67448286 0.00000000 1000.00000000 X-1A 0.00000000 0.00000000 0.92816611 0.00000000 949.03928659 X-1B 0.00000000 0.00000000 0.99147552 0.00000000 950.86380575 X-2 0.00000000 0.00000000 1.01956021 0.00000000 957.50069922 X-B 0.00000000 0.00000000 0.58090845 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.77448333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 1.77448333 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.27448254 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.44722667 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.44722857 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.44722756 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 15,643,662.20 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 4,882.08 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 15,648,544.28 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 211,170.41 Payment of Interest and Principal 15,437,373.87 ------------- Total Withdrawals (Pool Distribution Amount) 15,648,544.28 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 211,170.41 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 211,170.41 =============
- ------------------------------------------------------------------------------------------ Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------ Class X-A Basis Risk Reserve Fund 8,000.00 0.00 0.00 8,000.00 Class X-B Basis Risk Reserve Fund 2,000.00 0.00 0.00 2,000.00 - ------------------------------------------------------------------------------------------
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 2 1,800,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 41,716.18 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------------------------- ----------------------- ----------------------- 2 1,841,716.18 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 0.074710% 0.179881% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.037355% 0.004169% 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% ------------------------- ----------------------- ----------------------- 0.112066% 0.184050% 0.000000% 0.000000% 0.000000% 0.000000% - --------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------ REO TOTAL - ------------------------------------------------------------------------ No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 2 1,800,000.00 60 Days 0 0.00 60 Days 1 41,716.18 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ---------------------- ------------------------- 0 0.00 2 1,841,716.18 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 0.074710% 0.179881% 60 Days 0.000000% 0.000000% 60 Days 0.037355% 0.004169% 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% 0.112066% 0.184050% - ------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 4,882.08
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
- ------------------------------------------------------------------------------------------------------------- Original $ Original % Current $ Current % Current Class % Prepayment % ---------------- ------------- ---------------- ------------- --------------- ------------- Class A 1,050,010,162.00 99.99999048% 1,000,661,206.87 100.00000000% 96.588739% 0.000000% Class 1A 227,635,162.00 21.67932736% 219,411,547.30 21.92665667% 78.073343% 2,288.694747% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.76102938% 18.165627% 532.519474% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.41126065% 0.349769% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.41126065% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.15209322% 1.259167% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.31264827% 0.839445% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.84046048% 0.472188% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.57813393% 0.262327% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.36827270% 0.209861% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.368273% 10.795795%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 163,046.00 0.01552804% 163,046.00 0.01629383% Fraud 31,500,308.00 3.00000001% 31,500,308.00 3.14794935% Special Hazard 11,240,000.00 1.07046573% 11,119,781.26 1.11124336%
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 2 1,800,000.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 1 41,716.18 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 ------------------------ ---------------------- ---------------------- 3 1,841,716.18 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 0.094563% 0.222529% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.047281% 0.005157% 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% ------------------------ ---------------------- ---------------------- 0.141844% 0.227687% 0.000000% 0.000000% 0.000000% 0.000000% - -------------------------------------------------------------------------------------------------------------- - ------------------------------------------------------------------------- REO TOTAL - ------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0. 0.00 30 Days 2 1,800,000.00 60 Days 0 0.00 60 Days 1 41,716.18 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 3 1,841,716.18 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 0.094563% 0.222529% 60 Days 0.000000% 0.000000% 60 Days 0.047281% 0.005157% 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% 0.141844% 0.227687% - -------------------------------------------------------------------------
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% - -------------------------------------------------------------------------
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.186754% Weighted Average Net Coupon 2.936754% Weighted Average Pass-Through Rate 2.936754% Weighted Average Maturity (Stepdown Calculation) 291 Beginning Scheduled Collateral Loan Count 2,703 Number of Loans Paid in Full 26 Ending Scheduled Collateral Loan Count 2,677 Beginning Scheduled Collateral Balance 1,013,617,958.43 Ending Scheduled Collateral Balance 1,000,661,206.87 Ending Actual Collateral Balance at 30-Apr-03 1,000,661,207.47 Monthly P&I Constant 2,691,792.73 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 15,353,837.35 Ending Scheduled Balance for Premium Loans 1,000,661,206.87 Scheduled Principal 0.00 Unscheduled Principal 12,956,751.56
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 3.178692 3.220590 3.186754 Weighted Average Net Rate 2.928692 2.970590 2.936754 Pass-Through Rate 2.928692 2.970590 2.936754 Weighted Average Maturity 291 291 291 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal and Interest Constant 2,168,323.93 523,468.80 2,691,792.73 Beginning Loan Count 2,136 576 2,703 Loans Paid in Full 21 5 26 Ending Loan Count 2,115 562 2,677 Beginning Scheduled Balance 818,572,169.64 195,045,788.79 1,013,617,958.43 Ending Scheduled Balance 808,881,656.57 191,779,550.30 1,000,661,206.87 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 9,690,513.07 3,266,238.49 12,956,751.56 Scheduled Interest 2,168,323.93 523,468.80 2,691,792.73 Servicing Fee 170,535.87 40,634.54 211,170.41 Master Servicing Fee 0.00 0.00 0.00 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 1,997,788.06 482,834.26 2,480,622.32 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 386,124,590.49 Six Month LIBOR Loans 422,757,066.08 Pro Rata Senior Percentage 96.624366% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.665826% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
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