-----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, J3m81yJsy5jceRxc/dvm6XH4tzETvscS1VBOmeGaRREEDjPN4ToSlmV7hUwgHop6 8aN9GTDC5SMfLcUi7ql7MQ== 0000950149-03-002145.txt : 20030912 0000950149-03-002145.hdr.sgml : 20030912 20030912144759 ACCESSION NUMBER: 0000950149-03-002145 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030820 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030912 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: 03893674 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 f93089ge8vk.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

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

SEQUOIA RESIDENTIAL FUNDING, INC.

(as Depositor of Sequoia Mortgage Trust 2003-1, the Issuer of Mortgage Pass-Through Certificates under a Pooling and Servicing Agreement dated as of February 1, 2003)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-100520-01   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)

 

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 2003-1 (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, August 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: September 11, 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, August 20, 2003     5  

  EX-10.1 3 f93089gexv10w1.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 2003-1 RECORD DATE: JULY 31, 2003 DISTRIBUTION DATE: AUGUST 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution - ------------------------------------------------------------------------------ 1A 81743PAA4 SEN 1.48000% 763,242,934.51 941,332.95 2A 81743PAB2 SEN 1.74000% 179,956,051.41 260,936.27 X-1A 81743PAC0 IO 1.17618% 0.00 172,590.75 X-1B 81743PAD8 IO 1.25245% 0.00 612,818.76 X-2 81743PAE6 IO 1.00371% 0.00 150,520.31 X-B 81743PAF3 IO 0.74040% 0.00 9,813.39 A-R 81743PAG1 R 2.75784% 0.00 0.00 B-1 81743PAH9 SUB 1.98000% 15,905,000.00 26,243.25 B-2 81743PAJ5 SUB 2.72040% 8,210,000.00 18,612.07 B-3 81743PAK2 SUB 2.72040% 5,644,000.00 12,794.95 B-4 SEQ0301B4 SUB 2.72040% 2,565,000.00 5,814.86 B-5 SEQ0301B5 SUB 2.72040% 1,539,000.00 3,488.91 B-6 SEQ0301B6 SUB 2.72040% 4,105,618.00 9,307.44 - ------------------------------------------------------------------------------ Totals 981,167,603.92 2,224,273.91 - ------------------------------------------------------------------------------
Ending Cumulative Principal Current Certificate Total Realized Class Distribution Realized Loss Balance Distribution Loss - -------------------------------------------------------------------------------- 1A 12,101,016.54 0.00 751,141,917.97 13,042,349.49 0.00 2A 1,885,292.94 0.00 178,070,758.47 2,146,229.21 0.00 X-1A 0.00 0.00 0.00 172,590.75 0.00 X-1B 0.00 0.00 0.00 612,818.76 0.00 X-2 0.00 0.00 0.00 150,520.31 0.00 X-B 0.00 0.00 0.00 9,813.39 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 15,905,000.00 26,243.25 0.00 B-2 0.00 0.00 8,210,000.00 18,612.07 0.00 B-3 0.00 0.00 5,644,000.00 12,794.95 0.00 B-4 0.00 0.00 2,565,000.00 5,814.86 0.00 B-5 0.00 0.00 1,539,000.00 3,488.91 0.00 B-6 0.00 0.00 4,105,618.00 9,307.44 0.00 - -------------------------------------------------------------------------------- Totals 13,986,309.48 0.00 967,181,294.44 16,210,583.39 00.00 - --------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ----------------------------------------------------------------------------------- 1A 798,206,000.00 763,242,934.51 0.00 12,101,016.54 0.00 2A 190,000,000.00 179,956,051.41 0.00 1,885,292.94 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 15,905,000.00 15,905,000.00 0.00 0.00 0.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------- Totals 1,026,174,718.00 981,167,603.92 0.00 13,986,309.48 0.00 - -----------------------------------------------------------------------------------
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (1) Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------- 1A 0.00 12,101,016.54 751,141,917.97 0.94103767 12,101,016.54 2A 0.00 1,885,292.94 178,070,758.47 0.93721452 1,885,292.94 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 15,905,000.00 1.00000000 0.00 B-2 0.00 0.00 8,210,000.00 1.00000000 0.00 B-3 0.00 0.00 5,644,000.00 1.00000000 0.00 B-4 0.00 0.00 2,565,000.00 1.00000000 0.00 B-5 0.00 0.00 1,539,000.00 1.00000000 0.00 B-6 0.00 0.00 4,105,618.00 1.00000000 0.00 - ---------------------------------------------------------------------------- Totals 0.00 13,986,309.48 967,181,294.44 0.94251133 13,986,309.48 - ----------------------------------------------------------------------------
(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
Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - ---------------------------------------------------------------------------------- 1A 798,206,000.00 956.19794202 0.00000000 15.16026758 0.00000000 2A 190,000,000.00 947.13711268 0.00000000 9.92259442 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 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000
Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution - ---------------------------------------------------------------------------- 1A 0.00000000 15.16026758 941.03767445 0.94103767 15.16026758 2A 0.00000000 9.92259442 937.21451826 0.93721452 9.92259442 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
Payment Beginning of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class Amount Rate Balance Interest Shortfall - ----------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 763,242,934.51 941,332.95 0.00 2A 190,000,000.00 1.74000% 179,956,051.41 260,936.27 0.00 X-1A 0.00 1.17618% 176,085,421.66 172,590.75 0.00 X-1B 0.00 1.25245% 587,157,513.84 612,818.76 0.00 X-2 0.00 1.00371% 179,956,051.41 150,520.31 0.00 X-B 0.00 0.74040% 15,905,000.00 9,813.39 0.00 A-R 100.00 2.75784% 0.00 0.00 0.00 B-1 15,905,000.00 1.98000% 15,905,000.00 26,243.25 0.00 B-2 8,210,000.00 2.72040% 8,210,000.00 18,612.07 0.00 B-3 5,644,000.00 2.72040% 5,644,000.00 12,794.95 0.00 B-4 2,565,000.00 2.72040% 2,565,000.00 5,814.86 0.00 B-5 1,539,000.00 2.72040% 1,539,000.00 3,488.91 0.00 B-6 4,105,618.00 2.72040% 4,105,618.00 9,307.44 0.00 Totals 1,026,174,718.00 2,224,273.91 0.00
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ---------------------------------------------------------------------------------- 1A 0.00 0.00 0.00 941,332.95 0.00 751,141,917.97 2A 0.00 0.00 0.00 260,936.27 0.00 178,070,758.47 X-1A 0.00 0.00 0.00 172,590.75 0.00 171,166,750.16 X-1B 0.00 0.00 0.00 612,818.76 0.00 579,975,168.80 X-2 0.00 0.00 0.00 150,520.31 0.00 178,070,758.47 X-B 0.00 0.00 0.00 9,813.39 0.00 15,905,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 26,243.25 0.00 15,905,000.00 B-2 0.00 0.00 0.00 18,612.07 0.00 8,210,000.00 B-3 0.00 0.00 0.00 12,794.95 0.00 5,644,000.00 B-4 0.00 0.00 0.00 5,814.86 0.00 2,565,000.00 B-5 0.00 0.00 0.00 3,488.91 0.00 1,539,000.00 B-6 0.00 0.00 0.00 9,307.44 0.00 4,105,618.00 Totals 0.00 0.00 0.00 2,224,273.91 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 Beginning of Original Current Certificate/ Current Unpaid Face Certificate Notional Accrued Interest Class(5) Amount Rate Balance Interest Shortfall - ---------------------------------------------------------------------------------- 1A 798,206,000.00 1.48000% 956.19794202 1.17931079 0.00000000 2A 190,000,000.00 1.74000% 947.13711268 1.37334879 0.00000000 X-1A 0.00 1.17618% 961.27963965 0.94220165 0.00000000 X-1B 0.00 1.25245% 954,68442528 0.99640814 0.00000000 X-2 0.00 1.00371% 947.13711268 0.79221216 0.00000000 X-B 0.00 0.74040% 1000.00000000 0.61700031 0.00000000 A-R 100.00 2.75784% 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1.98000% 1000.00000000 1.65000000 0.00000000 B-2 8,210,000.00 2.72040% 1000.00000000 2.26700000 0.00000000 B-3 5,644,000.00 2.72040% 1000.00000000 2.26700035 0.00000000 B-4 2,565,000.00 2.72040% 1000.00000000 2.26700195 0.00000000 B-5 1,539,000.00 2.72040% 1000.00000000 2.26699805 0.00000000 B-6 4,105,618.00 2.72040% 1000.00000000 2.26700097 0.00000000
Non- Remaining Ending Current Supported Total Unpaid Certificate/ Interest Interest Realized Interest Interest Notational Class(5) Shortfall Shortfall Loss (6) Distribution Shortfall Balance - ------------------------------------------------------------------------------------- 1A 0.00000000 0.00000000 0.00000000 1.17931079 0.00000000 941.03767445 2A 0.00000000 0.00000000 0.00000000 1.37334879 0.00000000 937.21451826 X-1A 0.00000000 0.00000000 0.00000000 0.94220165 0.00000000 934.42779285 X-1B 0.00000000 0.00000000 0.00000000 0.99640814 0.00000000 943.00634438 X-2 0.00000000 0.00000000 0.00000000 0.79221216 0.00000000 937.21451826 X-B 0.00000000 0.00000000 0.00000000 0.61700031 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.000000000 B-1 0.00000000 0.00000000 0.00000000 1.65000000 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.26700000 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.26700035 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.26700195 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.26699805 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.26700097 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 16,527,565.21 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 16,527,565.21 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 316,981.82 Payment of Interest and Principal 16,210,583.39 ------------- Total Withdrawals (Pool Distribution Amount) 16,527,565.21 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 308,805.43 Master Servicing Fee 8,176.39 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------- Net Servicing Fee 316,981.82 =============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT - ------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
BANKRUPTCY - ------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
FORECLOSURE - ------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
REO - ------------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
TOTAL - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % ---------------- ----------- -------------- ------------ --------------- ------------- Class A 1,026,174,618.00 99.99999026% 967,181,294.44 100.00000000% 96.074302% 0.000000% Class 1A 227,968,618.00 22.21538048% 216,039,376.47 22.33700938% 77.662991% 1,978.323040% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 3.92569813% 18.411311% 468.994575% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 3.92569813% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.28122878% 1.644469% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.43237034% 0.848858% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.84881894% 0.583551% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.58361530% 0.265204% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.42449311% 0.159122% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.424493% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
DELINQUENT - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
BANKRUPTCY - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
FORECLOSURE - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
REO - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0. 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
TOTAL - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
POOL 2
DELINQUENT - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
BANKRUPTCY - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
FORECLOSURE - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
REO - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 - ----------------------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
TOTAL - ----------------------------------- No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 --------------------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% --------------------- 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed Arm Weighted Average Gross Coupon 3.108039% Weighted Average Net Coupon 2.730360% Weighted Average Pass-Through Rate 2.720360% Weighted Average Maturity (Stepdown Calculation) 321 Beginning Scheduled Collateral Loan Count 2,761 Number of Loans Paid in Full 22 Ending Scheduled Collateral Loan Count 2,739 Beginning Scheduled Collateral Balance 981,167,603.92 Ending Scheduled Collateral Balance 967,181,294.44 Ending Actual Collateral Balance at 31-July-2003 967,183,378.24 Monthly P&I Constant 2,541,255.74 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 16,124,508.53 Ending Scheduled Balance for Premium Loans 967,181,294.44 Scheduled Principal 0.00 Unscheduled Principal 13,986,309.48
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month Collateral Description Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 3.103162 3.128714 3.108039 Weighted Average Net Rate 2.724851 2.753714 2.730360 Pass-Through Rate 2.714851 2.743714 2.720360 Weighted Average Maturity 319 327 321 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal and Interest Constant 2,053,030.66 488,225.08 2,541,255.74 Beginning Loan Count 2,205 556 2,761 Loans Paid in Full 18 4 22 Ending Loan Count 2,187 552 2,739 Beginning Scheduled Balance 793,911,710.51 187,255,893.41 981,167,603.92 Ending Scheduled Balance 781,810,693.97 185,370,600.47 967,181,294.44 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 12,101,016.54 1,885,292.94 13,986,309.48 Scheduled Interest 2,053,030.66 488,255.08 2,541,255.74 Servicing Fee 250,287.97 58,517.46 308,805.43 Master Servicing Fee 6,615.92 1,560.47 8,176.39 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 1,796,126.77 428,147.15 2,224,273.92 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 Pool 1 One Month Libor Loan Balance 178,155,408.92 Six Month Libor Loan Balance 603,655,285.05 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 185,370,600.47 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%
-----END PRIVACY-ENHANCED MESSAGE-----