-----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, Ar13zGerSe8+pg3cg+u/l3zreUeJAzz8BI5al6KWm36Svm/Q+hPdwXWIDs+TmVNk xev5Z6UH2k4RSRl1PY/zYQ== 0000950149-03-002571.txt : 20031107 0000950149-03-002571.hdr.sgml : 20031107 20031107161217 ACCESSION NUMBER: 0000950149-03-002571 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031020 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031107 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: 03985368 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 f94356ce8vk.htm 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

October 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.)

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)

 

 

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, October 20, 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: November 6, 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, October 20, 2003     5  

  EX-10.1 3 f94356cexv10w1.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: SEPTEMBER 30, 2003 DISTRIBUTION DATE: OCTOBER 30, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
- ---------------------------------------------------------------------------------------- Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution - ---------------------------------------------------------------------------------------- 1A 81743VAA1 SEN 1.52000% 744,488,235.64 943,018.43 10,103,799.62 2A-1 81743VAB9 SEN 1.50000% 173,456,856.99 216,821.07 2,445,548.48 2A-2 81743VAN3 SEN 1.80000% 3,500,000.00 5,250.00 0.00 X-1A 81743VAC7 IO 1.11591% 0.00 328,522.71 0.00 X-1B 81743VAD5 IO 1.19421% 0.00 389,323.47 0.00 X-2 81743VAP8 IO 1.21201% 0.00 178,727.66 0.00 X-B 81743VAE3 IO 0.65464% 0.00 14,033.89 0.00 A-R 81743VAF0 SEN 3.37715% 0.00 0.00 0.00 B-1 81743VAG8 SUB 1.92000% 12,600,000.00 20,160.00 0.00 B-2 81743VAH6 SUB 1.92000% 8,400,000.00 13,440.00 0.00 B-3 81743VAJ2 SUB 2.52000% 4,725,000.00 9,922.50 0.00 B-4 SMT0210B4 SUB 2.68485% 2,625,000.00 5,873.10 0.00 B-5 SMT0210B5 SUB 2.68485% 2,100,000.00 4,698.48 0.00 B-6 SMT0210B6 SUB 2.68485% 3,685,162.00 8,245.08 0.00 - ---------------------------------------------------------------------------------------- Totals 955,580,254.63 2,138,036.39 12,549,348.10 - ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------- Ending Current Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ----------------------------------------------------------------------------- 1A 81743VAA1 0.00 734,384,436.02 11,046,818.05 0.00 2A-1 81743VAB9 0.00 171,011,308.51 2,662,369.55 0.00 2A-2 81743VAN3 0.00 3,500,000.00 5,250.00 0.00 X-1A 81743VAC7 0.00 0.00 328,522.71 0.00 X-1B 81743VAD5 0.00 0.00 389,323.47 0.00 X-2 81743VAP8 0.00 0.00 178,727.66 0.00 X-B 81743VAE3 0.00 0.00 14,033.89 0.00 A-R 81743VAF0 0.00 0.00 0.00 0.00 B-1 81743VAG8 0.00 12,600,000.00 20,160.00 0.00 B-2 81743VAH6 0.00 8,400,000.00 13,440.00 0.00 B-3 81743VAJ2 0.00 4,725,000.00 9,922.50 0.00 B-4 SMT0210B4 0.00 2,625,000.00 5,873.10 0.00 B-5 SMT0210B5 0.00 2,100,000.00 4,698.48 0.00 B-6 SMT0210B6 0.00 3,685,162.00 8,245.08 0.00 - ----------------------------------------------------------------------------- Totals 0.00 943,030,906.53 14,687,384.49 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 Class Amount Balance Distribution Distribution Accretion Loss (1) - --------------------------------------------------------------------------------------------- 1A 822,375,000.00 744,488,235.64 0.00 10,103,799.62 0.00 0.00 2A-1 190,000,000.00 173,456,856.99 0.00 2,445,548.48 0.00 0.00 2A-2 3,500,000.00 3,500,000.00 0.00 0.00 0.00 0.00 X-1A 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 X-2 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 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 12,600,000.00 0.00 0.00 0.00 0.00 B-2 8,400,000.00 8,400,000.00 0.00 0.00 0.00 0.00 B-3 4,725,000.00 4,725,000.00 0.00 0.00 0.00 0.00 B-4 2,625,000.00 2,625,000.00 0.00 0.00 0.00 0.00 B-5 2,100,000.00 2,100,000.00 0.00 0.00 0.00 0.00 B-6 3,685,162.00 3,685,162.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 955,580,254.63 0.00 12,549,348.10 0.00 0.00 - ---------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------- Total Ending Ending Original Face Principal Certificate Certificate Total Principal Class Amount Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------- 1A 822,375,000.00 10,103,799.62 734,384,436.02 0.89300433 10,103,799.62 2A-1 190,000,000.00 2,445,548.48 171,011,308.51 0.90005952 2,445,548.48 2A-2 3,500,000.00 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 100.00 0.00 0.00 0.00000000 0.00 B-1 12,600,000.00 0.00 12,600,000.00 1.00000000 0.00 B-2 8,400,000.00 0.00 8,400,000.00 1.00000000 0.00 B-3 4,725,000.00 0.00 4,725,000.00 1.00000000 0.00 B-4 2,625,000.00 0.00 2,625,000.00 1.00000000 0.00 B-5 2,100,000.00 0.00 2,100,000.00 1.00000000 0.00 B-6 3,685,162.00 0.00 3,685,162.00 1.00000000 0.00 - --------------------------------------------------------------------------------------- Totals 1,050,010,262.00 12,549,348.10 943,030,906.53 0.89811590 12,549,348.10 - ---------------------------------------------------------------------------------------
(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 Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ---------------------------------------------------------------------------------------- 1A 822,375,000.00 905.29045221 0.00000000 12.28612205 0.00000000 0.00000000 2A-1 190,000,000.00 912.93082626 0.00000000 12.87130779 0.00000000 0.00000000 2A-2 3,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,400,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,725,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,625,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 2,100,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,685,162.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------- Ending Ending Original Face Total Principal Certificate Certificate Total Principal Class Amount Reduction Balance Percentage Distribution - ----------------------------------------------------------------------------------- 1A 822,375,000.00 12.28612205 893.00433017 0.89300433 12.28612205 2A-1 190,000,000.00 12.87130779 900.05951847 0.90005952 12.87130779 2A-2 3,500,000.00 0.00000000 1000.00000000 1.00000000 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 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 8,400,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 4,725,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 2,625,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 2,100,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 3,685,162.00 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 Current Beginning Current Unpaid Current Original Face Certificate Certificate/ Accrued Interest Interest Class Amount Rate Notional Balance Interest Shortfall Shortfall - ----------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.52000% 744,488,235.64 943,018.43 0.00 0.00 2A-1 190,000,000.00 1.50000% 173,456,856.99 216,821.07 0.00 0.00 2A-2 3,500,000.00 1.80000% 3,500,000.00 5,250.00 0.00 0.00 X-1A 0.00 1.11591% 353,277,362.00 328,522.71 0.00 0.00 X-1B 0.00 1.19421% 391,210,873.64 389,323.47 0.00 0.00 X-2 0.00 1.21201% 176,956,856.99 178,727.66 0.00 0.00 X-B 0.00 0.65464% 25,725,000.00 14,033.89 0.00 0.00 A-R 100.00 3.37715% 0.00 0.00 0.00 0.00 B-1 12,600,000.00 1.92000% 12,600,000.00 20,160.00 0.00 0.00 B-2 8,400,000.00 1.92000% 8,400,000.00 13,440.00 0.00 0.00 B-3 4,725,000.00 2.52000% 4,725,000.00 9,922.50 0.00 0.00 B-4 2,625,000.00 2.68485% 2,625,000.00 5,873.10 0.00 0.00 B-5 2,100,000.00 2.68485% 2,100,000.00 4,698.48 0.00 0.00 B-6 3,685,162.00 2.68485% 3,685,162.00 8,245.08 0.00 0.00 - ----------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 2,138,036.39 0.00 0.00 - -----------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------- Remaining Ending Non-Supported Unpaid Certificate/ Original Face Interest Realized Total Interest Interest Notational Class Amount Shortfall Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 0.00 0.00 943,018.43 0.00 734,384,436.02 2A-1 190,000,000.00 0.00 0.00 216,821.07 0.00 171,011,308.51 2A-2 3,500,000.00 0.00 0.00 5,250.00 0.00 3,500,000.00 X-1A 0.00 0.00 0.00 328,522.71 0.00 346,782,683.38 X-1B 0.00 0.00 0.00 389,323.47 0.00 387,601,752.64 X-2 0.00 0.00 0.00 178,727.66 0.00 174,511,308.51 X-B 0.00 0.00 0.00 14,033.89 0.00 25,725,000.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 12,600,000.00 0.00 0.00 20,160.00 0.00 12,600,000.00 B-2 8,400,000.00 0.00 0.00 13,440.00 0.00 8,400,000.00 B-3 4,725,000.00 0.00 0.00 9,922.50 0.00 4,725,000.00 B-4 2,625,000.00 0.00 0.00 5,873.10 0.00 2,625,000.00 B-5 2,100,000.00 0.00 0.00 4,698.48 0.00 2,100,000.00 B-6 3,685,162.00 0.00 0.00 8,245.08 0.00 3,685,162.00 - ------------------------------------------------------------------------------------------------------- Totals 1,050,010,262.00 0.00 0.00 2,138,036.39 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 Current Original Face Certificate Certificate/ Accrued Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 1.52000% 905.29045221 1.14670124 0.00000000 0.00000000 2A-1 190,000,000.00 1.50000% 912.93082626 1.14116353 0.00000000 0.00000000 2A-2 3,500,000.00 1.80000% 1000.00000000 1.50000000 0.00000000 0.00000000 X-1A 0.00 1.11591% 899.01654571 0.83602117 0.00000000 0.00000000 X-1B 0.00 1.19421% 911.03173255 0.90663644 0.00000000 0.00000000 X-2 0.00 1.21201% 914.50572088 0.92365716 0.00000000 0.00000000 X-B 0.00 0.65464% 1000.00000000 0.54553508 0.00000000 0.00000000 A-R 100.00 3.37715% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 B-2 8,400,000.00 1.92000% 1000.00000000 1.60000000 0.00000000 0.00000000 B-3 4,725,000.00 2.52000% 1000.00000000 2.10000000 0.00000000 0.00000000 B-4 2,625,000.00 2.68485% 1000.00000000 2.23737143 0.00000000 0.00000000 B-5 2,100,000.00 2.68485% 1000.00000000 2.23737143 0.00000000 0.00000000 B-6 3,685,162.00 2.68485% 1000.00000000 2.23737247 0.00000000 0.00000000 - -------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------- Remaining Non-Supported Unpaid Ending Original Face Interest Realized Total Interest Interest Certificate/ Class (5) Amount Shortfall Loss (6) Distribution Shortfall Notational Balance - -------------------------------------------------------------------------------------------------------------- 1A 822,375,000.00 0.00000000 0.00000000 1.14670124 0.00000000 893.00433017 2A-1 190,000,000.00 0.00000000 0.00000000 1.14116353 0.00000000 900.05951847 2A-2 3,500,000.00 0.00000000 0.00000000 1.50000000 0.00000000 1000.00000000 X-1A 0.00 0.00000000 0.00000000 0.83602117 0.00000000 882.48895531 X-1B 0.00 0.00000000 0.00000000 0.90663644 0.00000000 902.62699746 X-2 0.00 0.00000000 0.00000000 0.92365716 0.00000000 901.86722744 X-B 0.00 0.00000000 0.00000000 0.54553508 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 12,600,000.00 0.00000000 0.00000000 1.60000000 0.00000000 1000.00000000 B-2 8,400,000.00 0.00000000 0.00000000 1.60000000 0.00000000 1000.00000000 B-3 4,725,000.00 0.00000000 0.00000000 2.10000000 0.00000000 1000.00000000 B-4 2,625,000.00 0.00000000 0.00000000 2.23737143 0.00000000 1000.00000000 B-5 2,100,000.00 0.00000000 0.00000000 2.23737143 0.00000000 1000.00000000 B-6 3,685,162.00 0.00000000 0.00000000 2.23737247 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 14,884,865.21 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 2,062.50 Realized Losses 0.00 Prepayment Penalties 0.00 -------------------- Total Deposits 14,886,927.71 Withdrawals Reimbursement for Servicer Advances 464.00 Payment of Service Fee 199,079.23 Payment of Interest and Principal 14,687,384.48 -------------------- Total Withdrawals (Pool Distribution Amount) 14,886,927.71 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 199,079.23 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------------ Net Servicing Fee 199,079.23 ==================
- -------------------------------------------------------------------------------------------------------- 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 1 825,000.00 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 ----------- -------------- ----------- ------------ ----------- ------------ 1 825,000.00 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 0.039809% 0.087484% 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% ----------- -------------- ----------- ------------ ----------- ------------ 0.039809% 0.087484% 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 1 825,000.00 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 1 825,000.00 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 0.039809% 0.087484% 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% 0.039809% 0.087484% - ------------------------------------------------------------------------
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 2,062.50
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% 943,030,906.53 100.00000000% 96.380271% 0.000000% Class 1A 227,635,162.00 21.67932736% 208,646,470.51 22.12509357% 77.874906% 2,151.401643% Class 2-A-1 37,635,162.00 3.58426611% 37,635,162.00 3.99087259% 18.134221% 500.982853% Class 2-A-2 34,135,162.00 3.25093604% 34,135,162.00 3.61972887% 0.371144% 10.253357% Class X-2 34,135,162.00 3.25093604% 34,135,162.00 3.61972887% 0.000000% 0.000000% Class B-1 21,535,162.00 2.05094776% 21,535,162.00 2.28361148% 1.336117% 36.912085% Class B-2 13,135,162.00 1.25095558% 13,135,162.00 1.39286654% 0.890745% 24.608057% Class B-3 8,410,162.00 0.80095998% 8,410,162.00 0.89182252% 0.501044% 13.842032% Class B-4 5,785,162.00 0.55096242% 5,785,162.00 0.61346473% 0.278358% 7.690018% Class B-5 3,685,162.00 0.35096438% 3,685,162.00 0.39077850% 0.222686% 6.152014% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.390778% 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 0.01728957% Fraud 31,500,308.00 3.00000001% 18,795,490.62 1.99309381% Special Hazard 11,240,000.00 1.07046573% 10,830,553.62 1.14848342% 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 1 825,000.00 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 ----------- ------------- ----------- ----------- ----------- ----------- 1 825,000.00 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 0.050378% 0.108265% 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% ----------- ------------- ----------- ----------- ----------- ----------- 0.050378% 0.108265% 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 1 825,000.00 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 1 825,000.00 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 0.050378% 0.108265% 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% 0.050378% 0.108265% - --------------------------------------------------------------------------
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 2.934907% Weighted Average Net Coupon 2.684907% Weighted Average Pass-Through Rate 2.684907% Weighted Average Maturity (Stepdown Calculation) 286 Beginning Scheduled Collateral Loan Count 2,545 Number of Loans Paid in Full 33 Ending Scheduled Collateral Loan Count 2,512 Beginning Scheduled Collateral Balance 955,580,254.63 Ending Scheduled Collateral Balance 943,030,906.53 Ending Actual Collateral Balance at 30-Sept-2003 943,030,907.64 Monthly P&I Constant 2,337,115.61 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,611,011.44 Ending Scheduled Balance for Premium Loans 943,030,906.53 Scheduled Principal 0.00 Unscheduled Principal 12,549,348.10
- ----------------------------------------------------------------------------------------------------- GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.927057 2.967942 2.934907 Weighted Average Net Rate 2.677057 2.717942 2.684907 Pass-Through Rate 2.677057 2.717942 2.684907 Weighted Average Maturity 286 286 286 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal and Interest Constant 1,883,366.69 453,748.92 2,337,115.61 Beginning Loan Count 2,011 534 2,545 Loans Paid in Full 26 7 33 Ending Loan Count 1,985 527 2,512 Beginning Scheduled Balance 772,120,232.64 183,460,021.99 955,580,254.63 Ending Scheduled Balance 762,016,433.02 181,014,473.51 943,030,906.53 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 10,103,799.62 2,445,548.48 12,549,348.10 Scheduled Interest 1,883,366.69 453,748.92 2,337,115.61 Servicing Fee 160,858.39 38,220.84 199,079.23 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 1,722,508.30 415,528.08 2,138,036.38 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 359,830,751.39 Six Month LIBOR Loans 402,185,681.63 Pro Rata Senior Percentage 96.421283% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group 2 Pro Rata Senior Percentage 96.455269% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
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