EX-10.1 3 f94356fexv10w1.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: SEPTEMBER 30, 2003 DISTRIBUTION DATE: OCTOBER 20, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution ---------------------------------------------------------------------------------------------- 1A 81743PAA4 SEN 1.50000% 737,456,382.51 921,820.48 11,019,494.04 2A 81743PAB2 SEN 1.59000% 176,219,185.35 233,490.42 1,135,379.50 X-1A 81743PAC0 IO 0.90358% 0.00 125,602.33 0.00 X-1B 81743PAD8 IO 1.11011% 0.00 527,902.24 0.00 X-2 81743PAE6 IO 1.03007% 0.00 151,265.15 0.00 X-B 81743PAF3 IO 0.57429% 0.00 7,611.73 0.00 A-R 81743PAG1 R 2.74621% 0.00 0.00 0.00 B-1 81743PAH9 SUB 2.00000% 15,905,000.00 26,508.33 0.00 B-2 81743PAJ5 SUB 2.57429% 8,210,000.00 17,612.43 0.00 B-3 81743PAK2 SUB 2.57429% 5,644,000.00 12,107.74 0.00 B-4 SEQ0301B4 SUB 2.57429% 2,565,000.00 5,502.54 0.00 B-5 SEQ0301B5 SUB 2.57429% 1,539,000.00 3,301.53 0.00 B-6 SEQ0301B6 SUB 2.57429% 4,105,618.00 8,807.54 0.00 ---------------------------------------------------------------------------------------------- Totals 951,644,185.86 2,041,532.46 12,154,873.54 ---------------------------------------------------------------------------------------------- Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss ---------------------------------------------------------------------------------- 1A 81743PAA4 0.00 726,436,888.47 11,941,314.52 0.00 2A 81743PAB2 0.00 175,083,805.85 1,368,869.92 0.00 X-1A 81743PAC0 0.00 0.00 125,602.33 0.00 X-1B 81743PAD8 0.00 0.00 527,902.24 0.00 X-2 81743PAE6 0.00 0.00 151,265.15 0.00 X-B 81743PAF3 0.00 0.00 7,611.73 0.00 A-R 81743PAG1 0.00 0.00 0.00 0.00 B-1 81743PAH9 0.00 15,905,000.00 26,508.33 0.00 B-2 81743PAJ5 0.00 8,210,000.00 17,612.43 0.00 B-3 81743PAK2 0.00 5,644,000.00 12,107.74 0.00 B-4 SEQ0301B4 0.00 2,565,000.00 5,502.54 0.00 B-5 SEQ0301B5 0.00 1,539,000.00 3,301.53 0.00 B-6 SEQ0301B6 0.00 4,105,618.00 8,807.54 0.00 ---------------------------------------------------------------------------------- Totals 0.00 939,489,312.32 14,196,406.00 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 798,206,000.00 737,456,382.51 3.77 11,019,490.27 0.00 0.00 2A 190,000,000.00 176,219,185.35 0.00 1,135,379.50 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 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 ------------------------------------------------------------------------------------------ Totals 1,026,174,718.00 951,644,185.86 3.77 12,154,869.77 0.00 0.00 ------------------------------------------------------------------------------------------ Original Face Total Principal Ending Certificate Ending Certificate Total Principal Class Amount Reduction Balance Percentage Distribution -------------------------------------------------------------------------------------------------- 1A 798,206,000.00 11,019,494.04 726,436,888.47 0.91008698 11,019,494.04 2A 190,000,000.00 1,135,379.50 175,083,805.85 0.92149372 1,135,379.50 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 15,905,000.00 0.00 15,905,000.00 1.00000000 0.00 B-2 8,210,000.00 0.00 8,210,000.00 1.00000000 0.00 B-3 5,644,000.00 0.00 5,644,000.00 1.00000000 0.00 B-4 2,565,000.00 0.00 2,565,000.00 1.00000000 0.00 B-5 1,539,000.00 0.00 1,539,000.00 1.00000000 0.00 B-6 4,105,618.00 0.00 4,105,618.00 1.00000000 0.00 -------------------------------------------------------------------------------------------------- Totals 1,026,174,718.00 12,154,873.54 939,489,312.32 0.91552569 12,154,873.54 --------------------------------------------------------------------------------------------------
(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 798,206,000.00 923.89230664 0.00000472 13.80532127 0.00000000 0.00000000 2A 190,000,000.00 927.46939658 0.00000000 5.97568158 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 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ----------------------------------------------------------------------------------------
Original Face Total Principal Ending Certificate Ending Certificate Total Principal Class Amount Reduction Balance Percentage Distribution ----------------------------------------------------------------------------------------------- 1A 798,206,000.00 13.80532599 910.08698064 0.91008698 13.80532599 2A 190,000,000.00 5.97568158 921.49371500 0.92149372 5.97568158 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 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 8,210,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 5,644,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 2,565,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 1,539,000.00 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 4,105,618.00 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall ---------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.50000% 737,456,382.51 921,820.48 0.00 0.00 0.00 2A 190,000,000.00 1.59000% 176,219,185.35 233,490.42 0.00 0.00 0.00 X-1A 0.00 0.90358% 166,806,090.11 125,602.33 0.00 0.00 0.00 X-1B 0.00 1.11011% 570,650,293.39 527,902.24 0.00 0.00 0.00 X-2 0.00 1.03007% 176,219,185.35 151,265.15 0.00 0.00 0.00 X-B 0.00 0.57429% 15,905,000.00 7,611.73 0.00 0.00 0.00 A-R 100.00 2.74621% 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 2.00000% 15,905,000.00 26,508.33 0.00 0.00 0.00 B-2 8,210,000.00 2.57429% 8,210,000.00 17,612.43 0.00 0.00 0.00 B-3 5,644,000.00 2.57429% 5,644,000.00 12,107.74 0.00 0.00 0.00 B-4 2,565,000.00 2.57429% 2,565,000.00 5,502.54 0.00 0.00 0.00 B-5 1,539,000.00 2.57429% 1,539,000.00 3,301.53 0.00 0.00 0.00 B-6 4,105,618.00 2.57429% 4,105,618.00 8,807.54 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------- Totals 1,026,174,718.00 2,041,532.46 0.00 0.00 0.00 ---------------------------------------------------------------------------------------------------------- Remaining Ending Unpaid Certificate/ Original Face Realized Total Interest Interest Notational Class Amount Loss (4) Distribution Shortfall Balance ----------------------------------------------------------------------------- 1A 798,206,000.00 0.00 921,820.48 0.00 726,436,888.47 2A 190,000,000.00 0.00 233,490.42 0.00 175,083,805.85 X-1A 0.00 0.00 125,602.33 0.00 165,277,665.15 X-1B 0.00 0.00 527,902.24 0.00 561,159,224.31 X-2 0.00 0.00 151,265.15 0.00 175,083,805.85 X-B 0.00 0.00 7,611.73 0.00 15,905,000.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 0.00 26,508.33 0.00 15,905,000.00 B-2 8,210,000.00 0.00 17,612.43 0.00 8,210,000.00 B-3 5,644,000.00 0.00 12,107.74 0.00 5,644,000.00 B-4 2,565,000.00 0.00 5,502.54 0.00 2,565,000.00 B-5 1,539,000.00 0.00 3,301.53 0.00 1,539,000.00 B-6 4,105,618.00 0.00 8,807.54 0.00 4,105,618.00 ----------------------------------------------------------------------------- Totals 1,026,174,718.00 0.00 2,041,532.46 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 Unpaid Current Supported Class (5) Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall ------------------------------------------------------------------------------------------------------------- 1A 798,206,000.00 1.50000% 923.89230664 1.15486539 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.59000% 927.46939658 1.22889695 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.90358% 910.62222347 0.68568404 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.11011% 927.84463204 0.85833875 0.00000000 0.00000000 0.00000000 X-2 0.00 1.03007% 927.46939658 0.79613237 0.00000000 0.00000000 0.00000000 X-B 0.00 0.57429% 1000.00000000 0.47857466 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74621% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 2.00000% 1000.00000000 1.66666646 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.57429% 1000.00000000 2.14524117 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.57429% 1000.00000000 2.14524096 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.57429% 1000.00000000 2.14523977 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.57429% 1000.00000000 2.14524366 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.57429% 1000.00000000 2.14524098 0.00000000 0.00000000 0.00000000 ------------------------------------------------------------------------------------------------------------- Remaining Unpaid Class (5) Original Face Realized Total Interest Interest Ending Certificate/ Amount Loss (6) Distribution Shortfall Notational Balance -------------------------------------------------------------------------------------- 1A 798,206,000.00 0.00000000 1.15486539 0.00000000 910.08698064 2A 190,000,000.00 0.00000000 1.22889695 0.00000000 921.49371500 X-1A 0.00 0.00000000 0.68568404 0.00000000 902.27829709 X-1B 0.00 0.00000000 0.85833875 0.00000000 912.41269833 X-2 0.00 0.00000000 0.79613237 0.00000000 921.49371500 X-B 0.00 0.00000000 0.47857466 0.00000000 1000.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.000000000 B-1 15,905,000.00 0.00000000 1.66666646 0.00000000 1000.00000000 B-2 8,210,000.00 0.00000000 2.14524117 0.00000000 1000.00000000 B-3 5,644,000.00 0.00000000 2.14524096 0.00000000 1000.00000000 B-4 2,565,000.00 0.00000000 2.14523977 0.00000000 1000.00000000 B-5 1,539,000.00 0.00000000 2.14524366 0.00000000 1000.00000000 B-6 4,105,618.00 0.00000000 2.14524098 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 14,503,644.80 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 14,503,644.80 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 307,238.81 Payment of Interest and Principal 14,196,405.99 ------------- Total Withdrawals (Pool Distribution Amount) 14,503,644.80 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 299,308.46 Master Servicing Fee 7,930.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 307,238.81 ==========
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 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 1,026,174,618.00 99.99999026% 939,489,312.32 100.00000000% 95.958590% 0.000000% Class 1A 227,968,618.00 22.21538048% 213,052,423.85 22.67747180% 77.322528% 1,913.256070% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.01414032% 18.636061% 461.127676% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.04141032% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.34846929% 1.692941% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.47459027% 0.873879% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.87383836% 0.600752% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.60081769% 0.273021% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.43700529% 0.163812% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.437005% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 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% -------------------- -------------------- -------------------- 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% -------------------- --------------------
POOL 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 2.961743% Weighted Average Net Coupon 2.584322% Weighted Average Pass-Through Rate 2.574322% Weighted Average Maturity (Stepdown Calculation) 319 Beginning Scheduled Collateral Loan Count 2,702 Number of Loans Paid in Full 34 Ending Scheduled Collateral Loan Count 2,668 Beginning Scheduled Collateral Balance 951,644,185.86 Ending Scheduled Collateral Balance 939,489,312.32 Ending Actual Collateral Balance at 30-Sept-2003 939,490,547.86 Monthly P&I Constant 2,348,775.01 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 14,114,954.15 Ending Scheduled Balance for Premium Loans 939,489,312.32 Scheduled Principal 3.77 Unscheduled Principal 12,154,869.77
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 2.951391 3.005070 2.961743 Weighted Average Net Rate 2.573392 2.630070 2.584322 Pass-Through Rate 2.563392 2.620070 2.574322 Weighted Average Maturity 317 325 319 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal and Interest Constant 1,889,202.00 459,573.01 2,348,775.01 Beginning Loan Count 2,155 547 2,702 Loans Paid in Full 29 5 34 Ending Loan Count 2,126 542 2,668 Beginning Scheduled Balance 768,125,158.51 183,519,027.35 951,644,185.86 Ending Scheduled Balance 757,105,664.47 182,383,647.85 939,489,312.32 Scheduled Principal 3.77 0.00 3.77 Unscheduled Principal 11,019,490.27 1,135,379.50 12,154,869.77 Scheduled Interest 1,889,198.23 459,573.01 2,348,771.24 Servicing Fee 241,958.75 57,349.71 299,308.46 Master Servicing Fee 6,401.03 1,529.32 7,930.35 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 1,640,838.45 400,693.98 2,041,532.43 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 172,255,371.82 Six Month Libor Loan Balance 584,850,292.65 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 182,383,647.85 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%