-----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, EXnlK5lSXPR5b4fpjMuykg2kfN1PWvDGypjITvYsX0SDUq/LpJhj+R8E0VUrdRYB qAJxAL+1CJ6j0Q11UTgx1g== 0000950149-03-002272.txt : 20031008 0000950149-03-002272.hdr.sgml : 20031008 20031008154348 ACCESSION NUMBER: 0000950149-03-002272 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: 03933362 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 f93523de8vk.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

September 22, 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.)

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 3100, Mill Valley, CA 94941
(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 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, September 22, 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: October 7, 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, September 22, 2003  
5

  EX-10.1 3 f93523dexv10w1.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: AUGUST 29, 2003 DISTRIBUTION DATE: SEPTEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Class Pass-Through Beginning Interest Class CUSIP Description Rate Certificate Balance Distribution - ------------------ ------------------ ------------------ ------------------ -------------------- ------------------ A 81744AAA6 SEN 1.56000% 634,557,428.12 824,924.62 X-1A 81744AAC2 IO 0.91328% 0.00 137,541.59 X-1B 81744AAD0 IO 1.15391% 0.00 436,404.80 X-B 81744AAE8 IO 0.56538% 0.00 4,582.40 A-R 81744AAF5 SEN 3.25304% 0.00 0.00 B-1 81744AAB4 SUB 2.08000% 9,726,000.00 16,858.40 B-2 81744AAG3 SUB 2.64538% 5,764,000.00 12,706.64 B-3 81744AAH1 SUB 2.64538% 3,962,000.00 8,734.16 B-4 SMT0211B4 SUB 2.64538% 1,801,000.00 3,970.27 B-5 SMT0211B5 SUB 2.64538% 1,080,000.00 2,380.84 B-6 SMT0211B6 SUB 2.64538% 2,882,787.00 6,355.05 ------------------ ------------------ ------------------ -------------------- ------------------ Totals 659,773,215.12 1,454,458.77 ------------------ ------------------ ------------------ -------------------- ------------------ Ending Principal Current Certificate Total Cumulative Class Distribution Realized Loss Balance Distribution Realized Loss - ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ A 11,081,568.75 0.00 623,475,859.37 11,906,493.37 0.00 X-1A 0.00 0.00 0.00 137,541.59 0.00 X-1B 0.00 0.00 0.00 436,404.80 0.00 X-B 0.00 0.00 0.00 4,582.40 0.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 9,726,000.00 16,858.40 0.00 B-2 0.00 0.00 5,764,000.00 12,706.64 0.00 B-3 0.00 0.00 3,962,000.00 8,734.16 0.00 B-4 0.00 0.00 1,801,000.00 3,970.27 0.00 B-5 0.00 0.00 1,080,000.00 2,380.84 0.00 B-6 0.00 0.00 2,882,787.00 6,355.05 0.00 ------------------ ------------------ ------------------ ------------------ ------------------ Totals 11,081,568.75 0.00 648,691,646.37 12,536,027.52 0.00 ------------------ ------------------ ------------------ ------------------ ------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Certificate Principal Principal Class Face Amount Balance Distribution Distribution Accretion - -------------------- ------------------ ------------------ ------------------ -------------------- ------------------ A 695,210,000.00 634,557,428.12 0.00 11,081,568.75 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 720,425,887.00 659,773,215.12 0.00 11,081,568.75 0.00 ------------------ ------------------ ------------------ -------------------- ------------------ Ending Ending Realized Total Principal Certificate Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - --------------------- ----------------- ------------------ ------------------ -------------------- ------------------ A 0.00 11,081,568.75 623,475,859.37 0.89681659 11,081,568.75 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 11,081,568.75 648,691,646.37 0.90042801 11,081,568.75 ----------------- ------------------ ------------------ -------------------- ------------------
(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 Certificate Principal Principal Class Face Amount Balance Distribution Distribution Accretion - -------------------- ---------------- ---------------- ---------------- ---------------- ---------------- A 695,210,000.00 912.75647376 0.00000000 15.93988687 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 15.93988687 896.81658689 0.89681659 15.93988687 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
Payment of Beginning Current Unpaid Original Face Current Certificate Certificate/ Accrued Interest Class Amount Rate Notional Balance Interest Shortfall - ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ A 695,210,000.00 1.56000% 634,557,428.12 824,924.66 0.00 X-1A 0.00 0.91328% 180,721,813.54 137,541.59 0.00 X-1B 0.00 1.15391% 453,835,614.85 436,404.80 0.00 X-B 0.00 0.56538% 9,726,000.00 4,582.40 0.00 A-R 100.00 3.25304% 0.00 0.00 0.00 B-1 9,726,000.00 2.08000% 9,726,000.00 16,858.40 0.00 B-2 5,764,000.00 2.64538% 5,764,000.00 12,706.64 0.00 B-3 3,962,000.00 2.64538% 3,962,000.00 8,734.16 0.00 B-4 1,801,000.00 2.64538% 1,801,000.00 3,970.27 0.00 B-5 1,080,000.00 2.64538% 1,080,000.00 2,380.84 0.00 B-6 2,882,787.00 2.64538% 2,882,787.00 6,355.05 0.00 ------------------ ------------------ ------------------ ------------------ ------------------ Totals 720,425,887.00 1,454,458.81 0.00 Non- Remaining Ending Current Supported Unpaid Certificate/ Interest Interest Realized Total Interest Interest Notational Class Shortfall Shortfall Loss (4) Distribution Shortfall Balance - ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- A 0.00 0.00 0.00 824,924.62 0.00 623,475,859.37 X-1A 0.00 0.00 0.00 137,541.59 0.00 178,853,451.24 X-1B 0.00 0.00 0.00 436,404.80 0.00 444,622,408.13 X-B 0.00 0.00 0.00 4,582.40 0.00 9,726,000.00 A-R 0.00 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 0.00 16,858.40 0.00 9,726,000.00 B-2 0.00 0.00 0.00 12,706.64 0.00 5,764,000.00 B-3 0.00 0.00 0.00 8,734.16 0.00 3,962,000.00 B-4 0.00 0.00 0.00 3,970.27 0.00 1,801,000.00 B-5 0.00 0.00 0.00 2,380.84 0.00 1,080,000.00 B-6 0.00 0.00 0.00 6,355.05 0.00 2,882,787.00 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- Totals 0.00 0.00 0.00 1,454,458.77 0.00
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Current Beginning Current Unpaid Class Original Face Certificate Certificate/ Accrued Interest (5) Amount Rate Notional Balance Interest Shortfall - ------------------ ------------------ ------------------ ------------------ ------------------ ------------------ A 695,210,000.00 1.56000% 912.75647376 1.18658342 0.00000000 X-1A 0.00 0.91328% 942.43066832 0.71725383 0.00000000 X-1B 0.00 1.15391% 901.45388105 0.86683105 0.00000000 X-B 0.00 0.56538% 1000.00000000 0.47114950 0.00000000 A-R 100.00 3.25304% 0.00000000 0.00000000 0.00000000 B-1 9,726,000.00 2.08000% 1000.00000000 1.73333333 0.00000000 B-2 5,726,000.00 2.64538% 1000.00000000 2.20448300 0.00000000 B-3 3,962,000.00 2.64538% 1000.00000000 2.20448258 0.00000000 B-4 1,801,000.00 2.64538% 1000.00000000 2.20448084 0.00000000 B-5 1,080,000.00 2.64538% 1000.00000000 2.20448148 0.00000000 B-6 2,882,787.00 2.64538% 1000.00000000 2.20448129 0.00000000 ------------------ ------------------ ------------------ ------------------ ------------------ Remaining Ending Current Non-Supported Unpaid Certificate/ Class Interest Interest Realized Total Interest Interest Notational (5) Shortfall Shortfall Loss (6) Distribution Shortfall Balance - ------------------ ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- A 0.00000000 0.00000000 0.00000000 1.18658336 0.00000000 896.81658689 X-1A 0.00000000 0.00000000 0.00000000 0.71725383 0.00000000 932.68750618 X-1B 0.00000000 0.00000000 0.00000000 0.86683105 0.00000000 883.15368502 X-B 0.00000000 0.00000000 0.00000000 0.47114950 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 0.00000000 1.73333333 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 0.00000000 2.20448300 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 0.00000000 2.20448258 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 0.00000000 2.20448084 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 0.00000000 2.20448148 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 0.00000000 2.20448129 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 12,743,181.93 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 247.55 Realized Losses 0.00 Prepayment Penalties 0.00 ------------------ Total Deposits 12,743,429.48 Withdrawals Reimbursement for Servicer Advances 4,593.59 Payment of Service Fee 202,808.35 Payment of Interest and Principal 12,536,027.54 ------------------ Total Withdrawals (Pool Distribution Amount) 12,743,429.48 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 198,959.69 Master Servicing Fee 3,848.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 202,808.35 ============
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 1 103,945.68 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 ------------ ----------- ------------ ------------ ------------- ------------- 1 103,945.68 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 0.053735% 0.016024% 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% ------------ ----------- ------------ ------------ ------------- ------------- 0.053735% 0.016024% 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 1 103,945.68 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 1 103,945.68 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 0.053735% 0.016024% 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% 0.053735% 0.016024%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 247.55
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 3.88717616% 96.112824% 0.000000% Class B-1 15,489,787.00 2.15008751% 15,489,787.00 2.38785054% 1.499326% 38.571075% Class B-2 9,725,787.00 1.35000521% 9,725,787.00 1.49929278% 0.888558% 22.858696% Class B-3 5,763,787.00 0.80005273% 5,763,787.00 0.88852493% 0.610768% 15.712379% Class B-4 3,962,787.00 0.55006172% 3,962,787.00 0.61088917% 0.277636% 7.142351% Class B-5 2,882,787.00 0.40015039% 2,882,787.00 0.44440020% 0.166489% 4.283031% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.444400% 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 0.01846085% Fraud 21,612,777.00 3.00000005% 21,612,777.00 3.33174893% Special Hazard 11,600,000.00 1.61015869% 11,600,000.00 1.78821480%
Limit of subordinate's exposure to certain types of losses COLLATERAL STATEMENT
Collateral Description Mixed ARM Weighted Average Gross Coupon 3.014249% Weighted Average Net Coupon 2.652380% Weighted Average Pass-Through Rate 2.645380% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 1,887 Number of Loans Paid in Full 26 Ending Scheduled Collateral Loan Count 1,861 Beginning Scheduled Collateral Balance 659,773,215.12 Ending Scheduled Collateral Balance 648,691,646.37 Ending Actual Collateral Balance at 29-Aug-2003 648,692,196.76 Monthly P&I Constant 1,657,267.19 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,906,493.41 Ending Scheduled Balance for Premium Loans 648,691,646.37 Scheduled Principal 0.00 Unscheduled Principal 11,081,568.75
MISCELLANEOUS REPORTING
Pro Rata Senior Percentage 96.178113% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% One Month LIBOR Loan Balance 186,086,979.95 Six Month LIBOR Loan Balance 462,604,666.42
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