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, HlbEo1Dn+FP2bscPwlFG1fPlKX6tW8A7RFJGoAKiLshzZ1RXc6DJFWlqT/lbOEdS BNzI0qGr5imoNIGV1r1wsQ== 0000950149-03-002902.txt : 20031210 0000950149-03-002902.hdr.sgml : 20031210 20031210150416 ACCESSION NUMBER: 0000950149-03-002902 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031120 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031210 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: 031047152 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 f95106be8vk.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

November 20, 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, November 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: December 9, 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, November 20, 2003		5

EX-10.1 3 f95106bexv10w1.htm EXHIBIT 10.1 exv10w1

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: October 31, 2003
Distribution Date: November 20, 2003

Certificateholder Distribution Summary


			Certificate				Beginning
			Class	Certificate			Certificate		Interest
Class		CUSIP	Description	Pass-Through Rate			Balance		Distribution

	1A	81743SAA8	SEN		1.47000	%		340,435,519.28		417,033.50
	2A	81743SAB6	SEN		2.74252	%		125,528,249.44		286,885.96
	X-1A	81743SAC4	IO		0.97587	%		0.00		148,161.95
	X-1B	81743SAD2	IO		1.04282	%		0.00		137,517.10
	X-B	81743SAE0	IO		0.68843	%		0.00		4,418.59
	A-R	81743SAF7	SEN		3.16130	%		0.00		0.00
	B-1	81743SAG5	SUB		1.87000	%		7,702,000.00		12,002.28
	B-2	81743SAH3	SUB		2.55843	%		4,564,000.00		9,730.57
	B-3	81743SAJ9	SUB		2.55843	%		3,424,000.00		7,300.06
	B-4	SMT0209B4	SUB		2.55843	%		1,426,000.00		3,040.27
	B-5	SMR0209B5	SUB		2.55843	%		856,000.00		1,825.02
	B-6	SMT0209B6	SUB		2.55843	%		1,997,086.78		4,257.84

Totals								485,932,855.50		1,032,173.14

[Additional columns below]

[Continued from above table, first column(s) repeated]

Ending

Principal Current Certificate Total Cumulative

Class Distribution Realized Loss Balance Distribution Realized Loss

1A
3,295,548.12 0.00 337,139,971.16 3,712,581.62 0.00

2A
4,241,721.78 0.00 121,286,527.66 4,528,607.74 0.00

X-1A
0.00 0.00 0.00 148,161.95 0.00

X-1B
0.00 0.00 0.00 137,517.10 0.00

X-B
0.00 0.00 0.00 4,418.59 0.00

A-R
0.00 0.00 0.00 0.00 0.00

B-1
0.00 0.00 7,702,000.00 12,002.28 0.00

B-2
0.00 0.00 4,564,000.00 9,730.57 0.00

B-3
0.00 0.00 3,424,000.00 7,300.06 0.00

B-4
0.00 0.00 1,426,000.00 3,040.27 0.00

B-5
0.00 0.00 856,000.00 1,825.02 0.00

B-6
0.00 0.00 1,997,086.78 4,257.84 0.00

Totals
7,537,269.90 0.00 478,395,585.60 8,569,443.04 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		381,698,000.00		340,435,519.28		0.00		3,295,548.12		0.00		0.00
	2A		168,875,000.00		125,528,249.44		0.00		4,241,721.78		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-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		7,702,000.00		7,702,000.00		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
	B-3		3,424,000.00		3,424,000.00		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
	B-5		856,000.00		856,000.00		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

Totals			570,533,186.78		485,932,855.50		0.00		7,537,269.90		0.00		0.00

[Additional columns below]

[Continued from above table, first column(s) repeated]

Total Principal Ending Certificate Ending Certificate Total Principal

Class Reduction Balance Percentage Distribution

1A
3,295,548.12 337,139,971.16 0.88328448 3,295,548.12

2A
4,241,721.78 121,286,527.66 0.71820298 4,241,721.78

X-1A
0.00 0.00 0.00000000 0.00

X-1B
0.00 0.00 0.00000000 0.00

X-B
0.00 0.00 0.00000000 0.00

A-R
0.00 0.00 0.00000000 0.00

B-1
0.00 7,702,000.00 1.00000000 0.00

B-2
0.00 4,564,000.00 1.00000000 0.00

B-3
0.00 3,424,000.00 1.00000000 0.00

B-4
0.00 1,426,000.00 1.00000000 0.00

B-5
0.00 856,000.00 1.00000000 0.00

B-6
0.00 1,997,086.78 1.00000000 0.00

Totals
7,537,269.90 478,395,585.60 0.83850615 7,537,269.90

(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		381,698,000.00		891.91860200		0.00000000		8.63411867		0.00000000		0.00000000
2A		168,875,000.00		743.32050001		0.00000000		25.11752439		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-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		7,702,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-2		4,564,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-3		3,424,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-4		1,426,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-5		856,000.00		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-6		1,997,086.78		1000.00000000		0.00000000		0.00000000		0.00000000		0.00000000

[Additional columns below]

[Continued from above table, first column(s) repeated]

Total Principal Ending Certificate Ending Certificate Total Principal

Class Reduction Balance Percentage Distribution

1A
8.63411867 883.28448334 0.88328448 8.63411867

2A
25.11752349 718.20297652 0.71820298 25.11752349

X-1A
0.00000000 0.00000000 0.00000000 0.00000000

X-1B
0.00000000 0.00000000 0.00000000 0.00000000

X-B
0.00000000 0.00000000 0.00000000 0.00000000

A-R
0.00000000 0.00000000 0.00000000 0.00000000

B-1
0.00000000 1000.00000000 1.00000000 0.00000000

B-2
0.00000000 1000.00000000 1.00000000 0.00000000

B-3
0.00000000 1000.00000000 1.00000000 0.00000000

B-4
0.00000000 1000.00000000 1.00000000 0.00000000

B-5
0.00000000 1000.00000000 1.00000000 0.00000000

B-6
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		Realized
Class		Amount		Certificate Rate			Balance		Interest		Shortfall		Shortfall		Shortfall		Loss (4)

	1A		381,698,000.00		1.47000	%		340,435,519.28		417,035.51		0.00		0.00		0.00		0.00
	2A		168,875,000.00		2.74252	%		125,528,249.44		286,885.96		0.00		0.00		0.00		0.00
	X-1A		0.00		0.97587	%		182,190,529.93		148,161.95		0.00		0.00		0.00		0.00
	X-1B		0.00		1.04282	%		158,244,989.35		137,517.10		0.00		0.00		0.00		0.00
	X-B		0.00		0.68843	%		7,702,000.00		4,418.59		0.00		0.00		0.00		0.00
	A-R		100.00		3.16130	%		0.00		0.00		0.00		0.00		0.00		0.00
	B-1		7,702,000.00		1.87000	%		7,702,000.00		12,002.28		0.00		0.00		0.00		0.00
	B-2		4,564,000.00		2.55843	%		4,564,000.00		9,730.57		0.00		0.00		0.00		0.00
	B-3		3,424,000.00		2.55843	%		3,424,000.00		7,300.06		0.00		0.00		0.00		0.00
	B-4		1,426,000.00		2.55843	%		1,426,000.00		3,040.27		0.00		0.00		0.00		0.00
	B-5		856,000.00		2.55843	%		856,000.00		1,825.02		0.00		0.00		0.00		0.00
	B-6		1,997,086.78		2.55843	%		1,997,086.78		4,257.84		0.00		0.00		0.00		0.00

Totals			570,533,186.78							1,032,173.15		0.00		0.00		0.00		0.00

[Additional columns below]

[Continued from above table, first column(s) repeated]

Remaining Ending

Unpaid Certificate/

Total Interest Interest Notational

Class Distribution Shortfall Balance

1A
417,033.50 0.00 337,139,971.16

2A
286,885.96 0.00 121,286,527.66

X-1A
148,161.95 0.00 180,354,893.65

X-1B
137,517.10 0.00 156,785,077.51

X-B
4,418.59 0.00 7,702,000.00

A-R
0.00 0.00 0.00

B-1
12,002.28 0.00 7,702,000.00

B-2
9,730.57 0.00 4,564,000.00

B-3
7,300.06 0.00 3,424,000.00

B-4
3,040.27 0.00 1,426,000.00

B-5
1,825.02 0.00 856,000.00

B-6
4,257.84 0.00 1,997,086.78

Totals
1,032,173.14 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		Realized
Class (5)	Amount		Rate			Notional Balance		Interest		Shortfall		Shortfall		Shortfall		Loss (6)

1A		381,698,000.00		1.47000	%		891.91860200		1.09260028		0.00000000		0.00000000		0.00000000		0.00000000
2A		168,875,000.00		2.74252	%		743.32050001		1.69880657		0.00000000		0.00000000		0.00000000		0.00000000
X-1A		0.00		0.97587	%		894.11446054		0.72711651		0.00000000		0.00000000		0.00000000		0.00000000
X-1B		0.00		1.04282	%		889.40378698		0.77290428		0.00000000		0.00000000		0.00000000		0.00000000
X-B		0.00		0.68843	%		1000.00000000		0.57369385		0.00000000		0.00000000		0.00000000		0.00000000
A-R		100.00		3.16130	%		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000		0.00000000
B-1		7,702,000.00		1.87000	%		1000.00000000		1.55833290		0.00000000		0.00000000		0.00000000		0.00000000
B-2		4,564,000.00		2.55843	%		1000.00000000		2.13202673		0.00000000		0.00000000		0.00000000		0.00000000
B-3		3,424,000.00		2.55843	%		1000.00000000		2.13202687		0.00000000		0.00000000		0.00000000		0.00000000
B-4		1,426,000.00		2.55843	%		1000.00000000		2.13202665		0.00000000		0.00000000		0.00000000		0.00000000
B-5		856,000.00		2.55843	%		1000.00000000		2.13203271		0.00000000		0.00000000		0.00000000		0.00000000
B-6		1,997,086.78		2.55843	%		1000.00000000		2.13202553		0.00000000		0.00000000		0.00000000		0.00000000

[Additional columns below]

[Continued from above table, first column(s) repeated]

Remaining

Unpaid

Total Interest Interest Ending Certificate/

Class (5) Distribution Shortfall Notational Balance

1A
1.09260026 0.00000000 883.28448334

2A
1.69880657 0.00000000 718.20297652

X-1A
0.72711651 0.00000000 885.10593006

X-1B
0.77290428 0.00000000 881.19846481

X-B
0.57369385 0.00000000 1000.00000000

A-R
0.00000000 0.00000000 0.00000000

B-1
1.55833290 0.00000000 1000.00000000

B-2
2.13202673 0.00000000 1000.00000000

B-3
2.13202687 0.00000000 1000.00000000

B-4
2.13202665 0.00000000 1000.00000000

B-5
2.13203271 0.00000000 1000.00000000

B-6
2.13202553 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	8,725,160.31
	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		8,725,160.31
Withdrawals
	Reimbursement for Servicer Advances	0.00
	Payment of Service Fee	155,717.26
	Payment of Interest and Principal	8,569,443.05

Total Withdrawals (Pool Distribution Amount)		8,725,160.31
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			152,072.77
Master Servicing Fee			3,644.49
Supported Prepayment/Curtailment Interest Shortfall			0.00

Net Servicing Fee			155,717.26


	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	%		478,395,585.60		100.00000000	%		95.825821	%		0.000000	%
	Class 1A		188,844,086.78		33.09957968	%		141,255,614.44		29.52694772	%		70.473052	%		1,688.309410	%
	Class 2A		19,969,086.78		3.50007453	%		19,969,086.78		4.17417873	%		25.352769	%		607.371429	%
Class B-1			12,267,086.78		2.15010924	%		12,267,086.78		2.56421404	%		1.609965	%		38.569616	%
Class B-2			7,703,086.78		1.35015578	%		7,703,086.78		1.61019186	%		0.954022	%		22.855327	%
Class B-3			4,279,086.78		0.75001540	%		4,279,086.78		0.89446619	%		0.715726	%		17.146503	%
Class B-4			2,853,086.78		0.50007376	%		2,853,086.78		0.59638652	%		0.298080	%		7.141038	%
Class B-5			1,997,086.78		0.35003867	%		1,997,086.78		0.41745510	%		0.178931	%		4.286626	%
Class B-6			0.00		0.00000000	%		0.00		0.00000000	%		0.417455	%		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		0.02090320	%
		Fraud		17,115,996.00		3.00000007	%		9,879,946.13		2.06522519	%
Special Hazard				6,000,000.00		1.05164785	%		5,997,988.72		1.25377175	%

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	%


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	%

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		2.933468	%
Weighted Average Net Coupon		2.557928	%
Weighted Average Pass-Through Rate		2.548928	%
Weighted Average Maturity (Stepdown Calculation)		318
Beginning Scheduled Collateral Loan Count		1,329
Number of Loans Paid in Full		18
Ending Scheduled Collateral Loan Count		1,311
Beginning Scheduled Collateral Balance		485,932,855.51
Ending Scheduled Collateral Balance		478,395,585.61
Ending Actual Collateral Balance at 31-Oct-2003		478,393,578.09
Monthly P&I Constant		1,187,890.43
Special Servicing Fee		0.00
Prepayment Penalties		0.00
Realization Loss Amount		0.00
Cumulative Realized Loss		0.00
Class A Optimal Amount		8,526,868.43
Ending Scheduled Balance for Premium Loans		478,395,585.61
Scheduled Principal		0.00
Unscheduled Principal		7,537,269.90

Miscellaneous Reporting


Pro Rata Senior Percent	95.890567	%
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		2.861730		3.126515		2.933468
Weighted Average Net Rate		2.485989		2.751515		2.557928
Pass-Through Rate		2.476989		2.742515		2.548928
Weighted Average Maturity		302		344		318
Record Date		10/31/2003		10/31/2003		10/31/2003
Principal and Interest Constant		844,877.17		343,013.26		1,187,890.43
Beginning Loan Count		932		397		1,329
Loans Paid in Full		7		11		18
Ending Loan Count		925		386		1,311
Beginning Scheduled Balance		354,279,606.07		131,653,249.44		485,932,855.51
Ending Scheduled Balance		350,984,057.95		127,411,527.66		478,395,585.61
Scheduled Principal		0.00		0.00		0.00
Unscheduled Principal		3,295,548.12		4,241,721.78		7,537,269.90
Scheduled Interest		844,877.17		343,013.26		1,187,890.43
Servicing Fee		110,931.12		41,141.65		152,072.77
Master Servicing Fee		2,657.09		987.40		3,644.49
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		731,288.96		300,884.21		1,032,173.17
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			187,760,864.51
Six Month LIBOR Loans			163,223,193.44

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

Table of Contents

Table of Contents

Table of Contents

Table of Contents


		Total Principal		Ending Certificate		Ending Certificate		Total Principal
Class		Reduction		Balance		Percentage		Distribution

	1A		3,295,548.12		337,139,971.16		0.88328448		3,295,548.12
	2A		4,241,721.78		121,286,527.66		0.71820298		4,241,721.78
	X-1A		0.00		0.00		0.00000000		0.00
	X-1B		0.00		0.00		0.00000000		0.00
	X-B		0.00		0.00		0.00000000		0.00
	A-R		0.00		0.00		0.00000000		0.00
	B-1		0.00		7,702,000.00		1.00000000		0.00
	B-2		0.00		4,564,000.00		1.00000000		0.00
	B-3		0.00		3,424,000.00		1.00000000		0.00
	B-4		0.00		1,426,000.00		1.00000000		0.00
	B-5		0.00		856,000.00		1.00000000		0.00
	B-6		0.00		1,997,086.78		1.00000000		0.00

Totals			7,537,269.90		478,395,585.60		0.83850615		7,537,269.90


				Remaining		Ending
				Unpaid		Certificate/
		Total Interest		Interest		Notational
Class		Distribution		Shortfall		Balance

	1A		417,033.50		0.00		337,139,971.16
	2A		286,885.96		0.00		121,286,527.66
	X-1A		148,161.95		0.00		180,354,893.65
	X-1B		137,517.10		0.00		156,785,077.51
	X-B		4,418.59		0.00		7,702,000.00
	A-R		0.00		0.00		0.00
	B-1		12,002.28		0.00		7,702,000.00
	B-2		9,730.57		0.00		4,564,000.00
	B-3		7,300.06		0.00		3,424,000.00
	B-4		3,040.27		0.00		1,426,000.00
	B-5		1,825.02		0.00		856,000.00
	B-6		4,257.84		0.00		1,997,086.78

Totals			1,032,173.14		0.00