e8vk

-----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, TidYCT3q9ndZYGy8oDihp8IywdThGDONs6djQr3h+NUIZONvKXZA0UQJdijTQ7Py SSiXUoC6hA59mTPF7mZ9vg== 0000950149-03-002270.txt : 20031008 0000950149-03-002270.hdr.sgml : 20031008 20031008154244 ACCESSION NUMBER: 0000950149-03-002270 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030922 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031008 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: 03933357 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 f93523be8vk.htm FORM 8-K e8vk

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

September 22, 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.)

One Belvedere Place, Suite 330, Mill Valley, CA 94941
(Address of Principal Executive Offices)

(415) 381-1765
(Registrant’s Telephone Number,
Including Area Code)

591 Redwood Highway, Suite 3160, Mill Valley, CA 94941
(Former Name or Former Address, if Changed Since Last Report)

TABLE OF CONTENTS


	Item 5. Other Events
	Item 7(c). Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 10.1

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, September 22, 2003.

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: October 7, 2003


		SEQUOIA RESIDENTIAL FUNDING, INC

		By:		/s/ Harold F. Zagunis

				Harold F. Zagunis
				Chief Financial Officer, Treasurer and Secretary

EXHIBIT INDEX


Exhibit
Number		Page Number

10.1	Monthly Payment Date Statement relating to the distribution to
	Certificateholders, September 22, 2003	5

EX-10.1 3 f93523bexv10w1.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: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Current Class CUSIP Description Rate Balance Distribution Distribution Realized Loss - ----------- ------------- ------------ -------------- -------------- ------------- ------------- -------------- 1A 81743SAA8 SEN 1.46000% 352,015,215.88 428,285.17 6,056,753.79 0.00 2A 81743SAB6 SEN 2.74321% 133,961,567.32 306,237.58 5,891,809.54 0.00 X-1A 81743SAC4 IO 0.99253% 0.00 155,534.48 0.00 0.00 X-1B 81743SAD2 IO 1.05242% 0.00 143,804.65 0.00 0.00 X-B 81743SAE0 IO 0.70103% 0.00 4,499.46 0.00 0.00 A-R 81743SAF7 SEN 3.16089% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 1.86000% 7,702,000.00 11,938.10 0.00 0.00 B-2 81743SAH3 SUB 2.56103% 4,564,000.00 9,740.46 0.00 0.00 B-3 81743SAJ9 SUB 2.56103% 3,424,000.00 7,307.48 0.00 0.00 B-4 SMT0209B4 SUB 2.56103% 1,426,000.00 3,043.36 0.00 0.00 B-5 SMR0209B5 SUB 2.56103% 856,000.00 1,826.87 0.00 0.00 B-6 SMT0209B6 SUB 2.56103% 1,997,086.78 4,262.17 0.00 0.00 ----------- ------------ ------------- -------------- ------------- ------------- -------------- Totals 505,945,869.98 1,076,479.78 11,948,563.33 0.00 Ending Certificate Total Cumulative Class Balance Distribution Realized Loss - ----------- -------------- --------------- ------------- 1A 345,958,462.09 6,485,038.96 0.00 2A 128,069,757.78 6,198,047.12 0.00 X-1A 0.00 155,534.48 0.00 X-1B 0.00 143,804.65 0.00 X-B 0.00 4,499.46 0.00 A-R 0.00 0.00 0.00 B-1 7,702,000.00 11,938.10 0.00 B-2 4,564,000.00 9,740.46 0.00 B-3 3,424,000.00 7,307.48 0.00 B-4 1,426,000.00 3,043.36 0.00 B-5 856,000.00 1,826.87 0.00 B-6 1,997,086.78 4,262.17 0.00 -------------- --------------- ------------- Totals 493,997,306.65 13,025,043.11 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 Total Principal Class Amount Balance Distribution Distribution Accretion Loss(1) Reduction - ----------- -------------- --------------- ------------- -------------- ---------- ----------- --------------- 1A 381,698,000.00 352,015,215.88 1,705.23 6,055,048.56 0.00 0.00 6,056,753.79 2A 168,875,000.00 133,961,567.32 0.00 5,891,809.54 0.00 0.00 5,891,809.54 X-1A 0.00 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 0.00 X-B 0.00 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 0.00 B-1 7,702,000.00 7,702,000.00 0.00 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 0.00 B-3 3,424,000.00 3,424,000.00 0.00 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 0.00 B-5 856,000.00 856,000.00 0.00 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 0.00 -------------- --------------- ------------- -------------- ---------- ----------- ------------- Totals 570,533,186.78 505,945,869.98 1,705.23 11,946,858.10 0.00 0.00 11,948,563.33 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ----------- -------------- ------------- --------------- 1A 345,958,462.09 0.90638835 6,056,753.79 2A 128,069,757.78 0.75837014 5,891,809.54 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 7,702,000.00 1.00000000 0.00 B-2 4,564,000.00 1.00000000 0.00 B-3 3,424,000.00 1.00000000 0.00 B-4 1,426,000.00 1.00000000 0.00 B-5 856,000.00 1.00000000 0.00 B-6 1,997,086.78 1.00000000 0.00 -------------- ------------- --------------- Totals 493,997,306.65 0.86585201 11,948,563.33
(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 Total Original Face Certificate Principal Principal Realized Principal Class Amount Balance Distribution Distribution Accretion Loss(3) Reduction - ------------ -------------- --------------- ------------- ------------- ------------ ----------- ------------ 1A 381,698,000.00 922.25664318 0.00446759 15.86382778 0.00000000 0.00000000 15.86829537 2A 168,875,000.00 793.25872580 0.00000000 34.88858351 0.00000000 0.00000000 34.88858351 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 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 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Ending Certificate Certificate Total Principal Class Balance Percentage Distribution - ------------ -------------- ------------ --------------- 1A 906.38834782 0.90638835 15.86829537 2A 758.37014229 0.75837014 34.88858351 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 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 Non- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss(4) - ---------- -------------- ----------- -------------- ----------- ---------- ---------- ---------- --------- 1A 381,698,000.00 1.46000% 352,015,215.88 428,285.18 0.00 0.00 0.00 0.00 2A 168,875,000.00 2.74321% 133,961,567.32 306,237.58 0.00 0.00 0.00 0.00 X-1A 0.00 0.99253% 188,045,616.75 155,534.48 0.00 0.00 0.00 0.00 X-1B 0.00 1.05242% 163,969,599.13 143,804.65 0.00 0.00 0.00 0.00 X-B 0.00 0.70103% 7,702,000.00 4,499.46 0.00 0.00 0.00 0.00 A-R 100.00 3.16089% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.86000% 7,702,000.00 11,938.10 0.00 0.00 0.00 0.00 B-2 4,564,000.00 2.56103% 4,564,000.00 9,740.46 0.00 0.00 0.00 0.00 B-3 3,424,000.00 2.56103% 3,424,000.00 7,307.48 0.00 0.00 0.00 0.00 B-4 1,426,000.00 2.56103% 1,426,000.00 3,043.36 0.00 0.00 0.00 0.00 B-5 856,000.00 2.56103% 856,000.00 1,826.87 0.00 0.00 0.00 0.00 B-6 1,997,086.78 2.56103% 1,997,086.78 4,262.17 0.00 0.00 0.00 0.00 -------------- ------------ ---------- ---------- ---------- --------- Totals 570,533,186.78 1,076,479.79 0.00 0.00 0.00 0.00 -------------- ------------ ---------- ---------- ---------- --------- Remaining Ending Total Unpaid Certificate/ Interest Interest Notational Class Distribution Shortfall Balance - ---------- ------------ ----------- -------------- 1A 428,285.17 0.00 345,958,462.09 2A 306,237.58 0.00 128,069,757.78 X-1A 155,534.48 0.00 184,901,725.59 X-1B 143,804.65 0.00 161,056,736.50 X-B 4,499.46 0.00 7,702,000.00 A-R 0.00 0.00 0.00 B-1 11,938.10 0.00 7,702,000.00 B-2 9,740.46 0.00 4,564,000.00 B-3 7,307.48 0.00 3,424,000.00 B-4 3,043.36 0.00 1,426,000.00 B-5 1,826.87 0.00 856,000.00 B-6 4,262.17 0.00 1,997,086.78 ------------ ----------- Totals 1,076,479.78 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 Non- Current Beginning Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall -------- -------------- ----------- ---------------- ------------ ------------- ----------- ---------- 1A 381,698,000.00 1.46000% 922.25664318 1.12207892 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 2.74321% 793.25872580 1.81339796 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.99253% 922.84876301 0.76329778 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.05242% 921.57851579 0.80824297 0.00000000 0.00000000 0.00000000 X-B 0.00 0.70103% 1000.00000000 0.58419372 0.00000000 0.00000000 0.00000000 A-R 100.00 3.16089% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.86000% 1000.00000000 1.55000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.56013% 1000.00000000 2.13419369 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.56103% 1000.00000000 2.13419393 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.56103% 1000.00000000 2.13419355 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.56103% 1000.00000000 2.13419393 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.56103% 1000.00000000 2.13419369 0.00000000 0.00000000 0.00000000 Remaining Ending Total Unpaid Certificate/ Realized Interest Interest Notational Class(5) Loss(6) Distribution Shortfall Balance -------- ---------- ------------ ---------- ------------- 1A 0.00000000 1.12207889 0.00000000 906.38834782 2A 0.00000000 1.81339796 0.00000000 758.37014229 X-1A 0.00000000 0.76329778 0.00000000 907.41986805 X-1B 0.00000000 0.80824297 0.00000000 905.20699550 X-B 0.00000000 0.58419372 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.55000000 0.00000000 1000.00000000 B-2 0.00000000 2.13419369 0.00000000 1000.00000000 B-3 0.00000000 2.13419393 0.00000000 1000.00000000 B-4 0.00000000 2.13419355 0.00000000 1000.00000000 B-5 0.00000000 2.13419393 0.00000000 1000.00000000 B-6 0.00000000 2.13419369 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 13,216,755.16 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 13,216,755.16 Withdrawals Reimbursement for Servicer Advances 29,590.61 Payment of Service Fee 162,121.44 Payment of Interest and Principal 13,025,043.11 ------------- Total Withdrawals (Pool Distribution Amount) 13,216,755.16 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 0.01 ============

SERVICING FEES Gross Servicing Fee 158,326.84 Master Servicing Fee 3,794.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 162,121.44 ============

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 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%
~~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 570,533,086.78 99.99998247% 493,997,306.65 100.00000000% 95.957653% 0.000000% Class 1A 188,844,086.78 33.09957968% 148,038,844.56 29.96754083% 70.032459% 1,732.470122% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.04234730% 25.925194% 641.340083% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.48322949% 1.559118% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.55933781% 0.923892% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.86621662% 0.693121% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.57755108% 0.288666% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.40427078% 0.173280% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.404271% 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 0.02024303% Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.00000000% Special Hazard 6,000,000.00 1.05164785% 5,997,988.72 1.21417438%
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 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% 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% 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 2.937708% Weighted Average Net Coupon 2.562190% Weighted Average Pass-Through Rate 2.553190% Weighted Average Maturity (Stepdown Calculation) 320 Beginning Scheduled Collateral Loan Count 1,376 Number of Loans Paid in Full 27 Ending Scheduled Collateral Loan Count 1,349 Beginning Scheduled Collateral Balance 505,945,869.99 Ending Scheduled Collateral Balance 493,997,306.66 Ending Actual Collateral Balance at 29-Aug-2003 493,990,280.81 Monthly P&I Constant 1,240,306.45 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,982,425.23 Ending Scheduled Balance for Premium Loans 493,997,306.66 Scheduled Principal 1,705.23 Unscheduled Principal 11,946,858.10
MISCELLANEOUS REPORTING Pro Rata Senior Percent 96.053118% 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 2.865148 3.127213 2.937708 Weighted Average Net Rate 2.489430 2.752213 2.562190 Pass-Through Rate 2.480430 2.743213 2.553190 Weighted Average Maturity 304 346 320 Record Date 08/29/2003 08/29/2003 08/29/2003 Principal and Interest Constant 875,239.35 365,067.10 1,240,306.45 Beginning Loan Count 960 416 1,376 Loans Paid in Full 16 11 27 Ending Loan Count 944 405 1,349 Beginning Scheduled Balance 365,859,302.67 140,086,567.32 505,945,869.99 Ending Scheduled Balance 359,802,548.88 134,194,757.78 493,997,306.66 Scheduled Principal 1,705.23 0.00 1,705.23 Unscheduled Principal 6,055,048.56 5,891,809.54 11,946,858.10 Scheduled Interest 873,534.12 365,067.10 1,238,601.22 Servicing Fee 114,549.79 43,777.05 158,326.84 Master Servicing Fee 2,743.95 1,050.65 3,794.60 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 756,240.38 320,239.40 1,076,479.78 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 192,300,866.87 Six Month LIBOR Loans 167,501,682.01~~

~~-----END PRIVACY-ENHANCED MESSAGE-----~~

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