-----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, RJ+vh2HhG2UmMGtE48VvVwOYz3mtRJov5QVmbSZSgUpSRuOZnGFaF+bpEzjPsBlC V0vK4PaISCTl+IypstJ9Uw== 0000950149-04-000085.txt : 20040107 0000950149-04-000085.hdr.sgml : 20040107 20040107130122 ACCESSION NUMBER: 0000950149-04-000085 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20031223 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040107 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: 04512507 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 f95495e8vk.txt CURRENT REPORT 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 December 23, 2003 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. (as Depositor with respect to the issuance of Sequoia Mortgage Trust 2003-7, Mortgage Pass-Through Certificates) SEQUOIA RESIDENTIAL FUNDING, INC. --------------------------------- (Exact Name of Registrant as Specified in Its Charter) Delaware 333-103634 35-2170972 -------- ---------- ---------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Identification of Incorporation) No.) One Belvedere Place, Suite 330 Mill Valley, CA 94941 --------------------- (Address of Principal Executive Offices) (415) 389-7373 -------------- (Registrant's Telephone Number, Including Area Code) Not Applicable -------------- (Former Name or Former Address, if Changed Since Last Report) INFORMATION TO BE INCLUDED IN THE REPORT ITEM 5. OTHER EVENTS On November 1, 2003, Sequoia Residential Funding, Inc. (the "Depositor"), Wells Fargo Bank Minnesota, National Association (the "Master Servicer" and "Securities Administrator"), and HSBC Bank USA (the "Trustee") entered into a Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), pursuant to which the Sequoia Mortgage Trust 2003-7 Mortgage Pass-Through Certificates in the approximate aggregate principal amount of $823,331,000 were issued. In connection with the offering of Mortgage Pass-Through Certificates, RWT Holdings, Inc. ("RWT") and the Depositor entered into a Mortgage Loan Purchase and Sale Agreement dated November 1, 2003 (the "Mortgage Loan Purchase Agreement"), pursuant to which RWT conveyed to the Depositor as of the initial closing on November 25, 2003, all of its interest in the Initial Mortgage Loans. Also pursuant to the Mortgage Loan Purchase Agreement between RWT and the Depositor, RWT conveyed to the Depositor as of the Subsequent Transfer Date on December 23, 2003 (the "Subsequent Closing"), the Subsequent Mortgage Loans. A description of the Subsequent Mortgage Loan Collateral is attached hereto as Exhibit 99.1. The opinion as to federal income tax matters in connection with the Subsequent Closing is attached hereto as Exhibit 99.2. ITEM 7(c). EXHIBITS 99. 1 Description of the Subsequent Mortgage Loan Collateral. 99.2 Opinion of Chapman and Cutler LLP, dated December 23, 2003, as to federal income tax matters in connection with the issuance of the Sequoia Mortgage Trust 2003-7 Mortgage Pass-Through Certificates and the Subsequent Closing. 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 23, 2003 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis ----------------------------- Harold F. Zagunis Secretary EXHIBIT INDEX Exhibit Number 99.1 Description of Subsequent Mortgage Loan Collateral. 99.2 Opinion of Chapman and Cutler LLP, dated December 23, 2003, as to federal income tax matters in connection with the issuance of the Sequoia Mortgage Trust 2003-7 Mortgage Pass-Through Certificates and the Subsequent Closing. EX-99.1 3 f95495exv99w1.txt EXHIBIT 99.1 . . . EXHIBIT 99.1
Loan No Index Type Original Balance Current Balance Cut Off Date ------- ---------- ---------------- --------------- ------------ 82517897 LIBOR 1 M 343,800.00 343,800.00 12/1/2003 82748500 LIBOR 1 M 483,000.00 483,000.00 12/1/2003 200376234 LIBOR 1 M 515,000.00 515,000.00 12/1/2003 82709106 LIBOR 1 M 620,000.00 620,000.00 12/1/2003 200312056 LIBOR 1 M 620,000.00 620,000.00 12/1/2003 82673708 LIBOR 1 M 650,000.00 650,000.00 12/1/2003 82394305 LIBOR 1 M 880,000.00 880,000.00 12/1/2003 82759440 LIBOR 1 M 1,000,000.00 1,000,000.00 12/1/2003 108399148 LIBOR 1 M 600,000.00 599,749.43 12/1/2003 108676008 LIBOR 1 M 1,000,000.00 100,000.00 12/1/2003 82478694 LIBOR 6 M 240,000.00 236,842.46 12/1/2003 82567835 LIBOR 6 M 129,000.00 128,401.02 12/1/2003 82610981 LIBOR 6 M 800,000.00 799,999.99 12/1/2003 82503418 LIBOR 6 M 531,500.00 531,499.99 12/1/2003 82678038 LIBOR 6 M 230,250.00 229,750.00 12/1/2003 82725417 LIBOR 6 M 600,000.00 600,000.00 12/1/2003 200265940 LIBOR 6 M 650,000.00 649,622.92 12/1/2003 200322733 LIBOR 6 M 204,000.00 202,440.50 12/1/2003 200276723 LIBOR 6 M 88,500.00 88,500.00 12/1/2003 82694019 LIBOR 6 M 200,000.00 199,863.78 12/1/2003 82591090 LIBOR 6 M 188,300.00 188,300.00 12/1/2003 82776170 LIBOR 6 M 142,500.00 142,499.99 12/1/2003 82656307 LIBOR 6 M 270,000.00 270,000.00 12/1/2003 200122737 LIBOR 6 M 400,000.00 400,000.00 12/1/2003 82651399 LIBOR 6 M 249,600.00 249,600.00 12/1/2003 82571464 LIBOR 6 M 420,000.00 420,000.00 12/1/2003 108699059 LIBOR 6 M 219,000.00 219,000.00 12/1/2003 108699554 LIBOR 6 M 317,000.00 317,000.00 12/1/2003 82638966 LIBOR 6 M 202,000.00 202,000.00 12/1/2003 200385714 LIBOR 6 M 110,200.00 110,200.00 12/1/2003 82662958 LIBOR 6 M 145,000.00 144,429.24 12/1/2003 82667320 LIBOR 6 M 200,400.00 200,400.00 12/1/2003 82667338 LIBOR 6 M 165,000.00 165,000.00 12/1/2003 82657693 LIBOR 6 M 88,400.00 88,400.00 12/1/2003 82673419 LIBOR 6 M 128,000.00 127,799.99 12/1/2003 82669326 LIBOR 6 M 568,000.00 563,000.00 12/1/2003 82187170 LIBOR 6 M 218,000.00 218,000.00 12/1/2003 82647959 LIBOR 6 M 315,000.00 314,320.31 12/1/2003 200389302 LIBOR 6 M 775,600.00 775,600.00 12/1/2003 200388676 LIBOR 6 M 262,500.00 262,500.00 12/1/2003 200386902 LIBOR 6 M 422,800.00 422,800.00 12/1/2003 82654286 LIBOR 6 M 250,000.00 249,999.98 12/1/2003 82675315 LIBOR 6 M 185,000.00 185,000.00 12/1/2003 82649898 LIBOR 6 M 143,900.00 143,297.31 12/1/2003 82186792 LIBOR 6 M 304,000.00 303,999.98 12/1/2003 200373363 LIBOR 6 M 148,400.00 148,400.00 12/1/2003 82677576 LIBOR 6 M 367,500.00 367,500.00 12/1/2003 200378602 LIBOR 6 M 337,500.00 337,500.00 12/1/2003 82682451 LIBOR 6 M 309,800.00 306,799.99 12/1/2003 82681768 LIBOR 6 M 195,000.00 195,000.00 12/1/2003 82680240 LIBOR 6 M 68,000.00 67,699.75 12/1/2003
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date ------- -------------- ---------- ------------ ------------ ------------ ---------------- 82517897 3.000 2.625 860.00 1.875 12 10/22/2003 82748500 2.625 2.250 1,057.00 1.500 12 10/20/2003 200376234 3.000 2.625 1,288.00 1.875 12 10/24/2003 82709106 3.000 2.625 1,550.00 1.875 12 10/17/2003 200312056 2.875 2.500 1,485.00 1.750 12 10/27/2003 82673708 3.000 2.625 1,625.00 1.875 12 10/9/2003 82394305 2.625 2.250 1,925.00 1.500 12 10/16/2003 82759440 2.625 2.250 2,188.00 1.500 12 10/29/2003 108399148 2.750 2.375 1,375.00 1.625 11.75 7/29/2003 108676008 3.375 3.000 2,812.00 1.875 12 7/3/2003 82478694 3.000 2.625 594.61 1.875 12 9/4/2003 82567835 3.000 2.625 322.50 1.875 12 9/29/2003 82610981 3.125 2.750 2,083.33 1.875 12 10/10/2003 82503418 3.125 2.750 1,384.12 2.000 12 10/6/2003 82678038 3.125 2.750 599.61 2.000 12 9/29/2003 82725417 2.875 2.500 1,437.50 1.750 12 10/8/2003 200265940 3.250 2.875 1,760.42 2.000 12 10/3/2003 200322733 3.125 2.750 531.25 2.000 12 9/29/2003 200276723 3.250 2.875 239.69 2.000 12 10/6/2003 82694019 3.125 2.750 520.83 2.000 12 10/10/2003 82591090 3.250 2.875 509.98 2.000 12 10/8/2003 82776170 3.125 2.750 371.09 2.000 12 10/20/2003 82656307 3.125 2.750 703.13 2.000 12 10/2/2003 200122737 3.125 2.750 1,041.67 2.000 12 9/23/2003 82651399 3.125 2.750 650.00 2.000 12 10/10/2003 82571464 3.000 2.625 1,050.00 1.875 12 10/9/2003 108699059 3.125 2.750 570.31 2.125 12 7/25/2003 108699554 3.000 2.625 792.50 1.875 11.75 7/11/2003 82638966 3.250 2.875 547.00 2.000 12 10/22/2003 200385714 3.125 2.750 287.00 1.875 12 10/21/2003 82662958 3.125 2.750 378.00 2.000 12 10/3/2003 82667320 3.125 2.750 522.00 1.875 12 10/21/2003 82667338 3.125 2.750 430.00 2.000 12 10/17/2003 82657693 3.000 2.625 221.00 1.875 12 10/1/2003 82673419 3.125 2.750 333.00 2.000 12 10/6/2003 82669326 3.000 2.625 1,420.00 1.750 12 10/20/2003 82187170 3.250 2.875 590.00 2.000 12 10/13/2003 82647959 3.125 2.750 820.00 2.000 12 10/15/2003 200389302 3.250 2.875 2,101.00 2.000 12 10/23/2003 200388676 3.000 2.625 656.00 1.875 12 10/8/2003 200386902 3.125 2.750 1,101.00 1.875 12 10/21/2003 82654286 3.125 2.750 651.00 2.000 12 10/14/2003 82675315 3.125 2.750 482.00 1.875 12 10/24/2003 82649898 3.125 2.750 375.00 2.000 12 10/6/2003 82186792 2.875 2.500 728.00 1.875 12 6/30/2003 200373363 3.250 2.875 402.00 2.000 12 10/22/2003 82677576 3.000 2.625 919.00 1.875 12 10/17/2003 200378602 3.000 2.625 844.00 1.875 12 10/15/2003 82682451 3.125 2.750 807.00 2.000 12 10/16/2003 82681768 3.000 2.625 488.00 1.875 12 10/3/2003 82680240 3.000 2.625 170.00 1.875 12 9/25/2003
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type ------- ------------------ ------------- ------------ ------------- ------------- 82517897 12/1/2003 11/1/2033 89.30 89.30 PD 82748500 12/1/2003 11/1/2033 58.33 58.33 SF 200376234 12/1/2003 11/1/2033 73.47 73.47 SF 82709106 12/1/2003 11/1/2033 71.26 71.26 SF 200312056 12/1/2003 11/1/2033 80.00 80.00 SF 82673708 12/1/2003 11/1/2033 52.00 52.00 LC 82394305 12/1/2003 11/1/2033 71.26 71.26 SF 82759440 12/1/2003 11/1/2033 42.35 42.35 SF 108399148 9/1/2003 8/1/2033 64.94 64.94 SF 108676008 9/1/2003 8/1/2033 50.00 50.00 SF 82478694 11/1/2003 10/1/2033 77.42 77.42 SF 82567835 12/1/2003 11/1/2033 71.67 71.67 SF 82610981 12/1/2003 11/1/2033 80.00 91.43 PD 82503418 12/1/2003 11/1/2033 59.52 59.52 SF 82678038 12/1/2003 11/1/2033 75.00 75.00 SF 82725417 12/1/2003 11/1/2033 47.06 47.06 SF 200265940 12/1/2003 11/1/2033 59.91 59.91 SF 200322733 11/1/2003 10/1/2033 51.13 51.13 PD 200276723 12/1/2003 11/1/2033 75.00 75.00 SF 82694019 12/1/2003 11/1/2033 68.97 68.97 LC 82591090 12/1/2003 11/1/2033 76.86 76.86 PD 82776170 12/1/2003 11/1/2033 75.00 75.00 PD 82656307 12/1/2003 11/1/2033 72.97 72.97 SF 200122737 11/1/2003 10/1/2033 53.33 53.33 LC 82651399 12/1/2003 11/1/2033 58.25 58.25 SF 82571464 12/1/2003 11/1/2033 62.69 62.69 SF 108699059 8/1/2003 7/1/2033 85.88 85.88 PD 108699554 9/1/2003 8/1/2033 77.32 77.32 SF 82638966 12/1/2003 11/1/2033 70.88 70.88 PD 200385714 12/1/2003 11/1/2033 79.86 79.86 SF 82662958 11/1/2003 10/1/2033 65.91 65.91 SF 82667320 12/1/2003 11/1/2033 72.35 72.35 PD 82667338 12/1/2003 11/1/2033 75.00 75.00 SF 82657693 12/1/2003 11/1/2033 70.72 70.72 SF 82673419 12/1/2003 11/1/2033 42.67 42.67 SF 82669326 12/1/2003 11/1/2033 46.56 46.56 SF 82187170 12/1/2003 11/1/2033 66.06 66.06 PA 82647959 12/1/2003 11/1/2033 70.00 70.00 PD 200389302 12/1/2003 11/1/2033 80.00 80.00 PD 200388676 12/1/2003 11/1/2033 75.00 75.00 SF 200386902 12/1/2003 11/1/2033 78.30 78.30 SF 82654286 12/1/2003 11/1/2033 71.43 71.43 PD 82675315 12/1/2003 11/1/2033 53.78 53.78 PD 82649898 12/1/2003 11/1/2033 73.80 73.79 SF 82186792 8/1/2003 7/1/2033 57.91 57.90 SF 200373363 12/1/2003 11/1/2033 70.00 70.00 SF 82677576 12/1/2003 11/1/2033 75.00 75.00 PD 200378602 12/1/2003 11/1/2033 75.00 75.00 PD 82682451 12/1/2003 11/1/2033 72.05 72.05 PD 82681768 12/1/2003 11/1/2033 75.88 75.88 SF 82680240 11/1/2003 10/1/2033 75.56 75.56 SF
Loan No Group ------- ----- 82517897 1 82748500 1 200376234 1 82709106 1 200312056 1 82673708 1 82394305 1 82759440 1 108399148 1 108676008 1 82478694 1 82567835 1 82610981 1 82503418 1 82678038 1 82725417 1 200265940 1 200322733 1 200276723 1 82694019 1 82591090 1 82776170 1 82656307 1 200122737 1 82651399 1 82571464 1 108699059 1 108699554 1 82638966 1 200385714 1 82662958 1 82667320 1 82667338 1 82657693 1 82673419 1 82669326 1 82187170 1 82647959 1 200389302 1 200388676 1 200386902 1 82654286 1 82675315 1 82649898 1 82186792 1 200373363 1 82677576 1 200378602 1 82682451 1 82681768 1 82680240 1
Loan No Index Type Original Balance Current Balance Cut Off Date ------- ---------- ---------------- --------------- ------------ 82679093 LIBOR 6 M 76,000.00 76,000.00 12/1/2003 200391241 LIBOR 6 M 236,000.00 235,323.23 12/1/2003 200360287 LIBOR 6 M 198,900.00 198,300.00 12/1/2003 200367456 LIBOR 6 M 159,900.00 159,800.00 12/1/2003 200369395 LIBOR 6 M 154,000.00 154,000.00 12/1/2003 200371441 LIBOR 6 M 167,200.00 167,200.00 12/1/2003 200364016 LIBOR 6 M 275,000.00 275,000.00 12/1/2003 82219288 LIBOR 6 M 147,000.00 143,978.93 12/1/2003 750059131 LIBOR 6 M 525,000.00 525,000.00 12/1/2003 82405739 LIBOR 6 M 772,000.00 772,000.00 12/1/2003 82391301 LIBOR 6 M 177,000.00 175,198.36 12/1/2003 82303140 LIBOR 6 M 553,500.00 553,500.00 12/1/2003 82264391 LIBOR 6 M 600,000.00 600,000.00 12/1/2003 82433004 LIBOR 6 M 345,100.00 343,822.31 12/1/2003 81916587 LIBOR 6 M 406,000.00 406,000.00 12/1/2003 81981862 LIBOR 6 M 180,500.00 178,994.75 12/1/2003 82247602 LIBOR 6 M 520,000.00 520,000.00 12/1/2003 82525965 LIBOR 6 M 194,000.00 194,000.00 12/1/2003 82519125 LIBOR 6 M 100,000.00 100,000.00 12/1/2003 82514381 LIBOR 6 M 50,000.00 50,000.00 12/1/2003 82415274 LIBOR 6 M 122,500.00 121,500.00 12/1/2003 82503251 LIBOR 6 M 568,000.00 568,000.00 12/1/2003 200466084 LIBOR 6 M 101,600.00 101,600.00 12/1/2003 82494410 LIBOR 6 M 575,000.00 575,000.00 12/1/2003 82476896 LIBOR 6 M 149,000.00 149,000.00 12/1/2003 82473661 LIBOR 6 M 58,000.00 58,000.00 12/1/2003 82466681 LIBOR 6 M 189,000.00 189,000.00 12/1/2003 82510298 LIBOR 6 M 256,000.00 256,000.00 12/1/2003 750061962 LIBOR 6 M 417,000.00 416,899.99 12/1/2003 200409795 LIBOR 6 M 199,000.00 198,999.99 12/1/2003 200405249 LIBOR 6 M 400,000.00 400,000.00 12/1/2003 200402683 LIBOR 6 M 220,000.00 220,000.00 12/1/2003 200411379 LIBOR 6 M 142,000.00 141,781.50 12/1/2003 200396190 LIBOR 6 M 917,000.00 917,000.00 12/1/2003 200392553 LIBOR 6 M 611,900.00 611,900.00 12/1/2003 200392538 LIBOR 6 M 450,000.00 450,000.00 12/1/2003 200402444 LIBOR 6 M 265,000.00 265,000.00 12/1/2003 200441293 LIBOR 6 M 100,000.00 100,000.00 12/1/2003 82793837 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 200319051 LIBOR 6 M 637,000.00 636,826.25 12/1/2003 200306611 LIBOR 6 M 1,000,000.00 1,000,000.00 12/1/2003 82696956 LIBOR 6 M 100,000.00 100,000.00 12/1/2003 200451110 LIBOR 6 M 190,400.00 190,100.00 12/1/2003 82046301 LIBOR 6 M 350,000.00 349,248.12 12/1/2003 82050741 LIBOR 6 M 164,300.00 164,300.00 12/1/2003 200446078 LIBOR 6 M 324,950.00 324,950.00 12/1/2003 200411114 LIBOR 6 M 389,250.00 389,250.00 12/1/2003 200391449 LIBOR 6 M 770,000.00 770,000.00 12/1/2003 200305480 LIBOR 6 M 308,500.00 308,500.00 12/1/2003 200422160 LIBOR 6 M 999,950.00 999,950.00 12/1/2003 200417301 LIBOR 6 M 213,000.00 213,000.00 12/1/2003
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date ------- -------------- ---------- ------------ ------------ ------------ ---------------- 82679093 3.125 2.750 198.00 2.000 12 10/16/2003 200391241 3.125 2.750 615.00 2.000 12 10/17/2003 200360287 3.125 2.750 518.00 2.000 12 10/27/2003 200367456 3.125 2.750 416.00 2.000 12 10/15/2003 200369395 3.000 2.625 385.00 1.875 12 10/24/2003 200371441 3.125 2.750 435.00 2.000 12 10/16/2003 200364016 3.000 2.625 688.00 1.875 12 10/7/2003 82219288 3.000 2.625 368.00 1.875 12 7/2/2003 750059131 3.125 2.750 1,367.00 1.875 12 10/24/2003 82405739 3.000 2.625 1,930.00 1.750 12 10/16/2003 82391301 3.250 2.875 479.00 2.000 12 9/2/2003 82303140 3.000 2.625 1,384.00 1.875 12 10/17/2003 82264391 2.875 2.500 1,438.00 1.750 12 7/23/2003 82433004 3.000 2.625 863.00 1.750 12 9/9/2003 81916587 3.000 2.625 1,015.00 2.000 12 6/27/2003 81981862 2.875 2.500 432.00 1.875 12 7/3/2003 82247602 3.125 2.750 1,354.00 2.000 12 7/3/2003 82525965 3.125 2.750 505.00 2.000 12 10/3/2003 82519125 3.125 2.750 260.00 2.000 12 10/10/2003 82514381 3.125 2.750 130.00 2.000 12 10/9/2003 82415274 3.125 2.750 319.00 2.000 12 10/14/2003 82503251 3.125 2.750 1,479.00 2.000 12 10/10/2003 200466084 3.250 2.875 275.00 2.000 12 10/30/2003 82494410 2.875 2.500 1,378.00 1.750 12 10/2/2003 82476896 3.125 2.750 388.00 2.000 12 10/10/2003 82473661 3.000 2.625 145.00 1.875 12 10/6/2003 82466681 3.000 2.625 472.00 1.875 12 8/14/2003 82510298 3.125 2.750 667.00 2.000 12 10/2/2003 750061962 3.250 2.875 1,129.00 2.000 12 10/21/2003 200409795 2.875 2.500 477.00 1.750 12 10/2/2003 200405249 3.125 2.750 1,042.00 2.000 12 10/27/2003 200402683 3.250 2.875 596.00 2.000 12 10/24/2003 200411379 3.125 2.750 370.00 1.875 12 10/29/2003 200396190 3.125 2.750 2,388.00 1.875 12 10/27/2003 200392553 3.125 2.750 1,593.00 2.000 12 10/23/2003 200392538 3.125 2.750 1,172.00 1.875 12 10/22/2003 200402444 3.125 2.750 690.00 2.000 12 10/14/2003 200441293 3.250 2.875 271.00 2.000 12 10/21/2003 82793837 3.250 2.875 542.00 2.000 12 10/21/2003 200319051 3.125 2.750 1,659.00 2.000 12 9/29/2003 200306611 3.250 2.875 2,708.00 2.000 12 10/21/2003 82696956 3.125 2.750 260.00 2.000 12 10/17/2003 200451110 3.250 2.875 516.00 2.000 12 10/24/2003 82046301 3.000 2.625 875.00 1.875 12 7/3/2003 82050741 3.125 2.750 428.00 2.000 12 7/3/2003 200446078 3.125 2.750 846.00 1.875 12 10/28/2003 200411114 3.250 2.875 1,054.00 2.000 12 10/21/2003 200391449 3.250 2.875 2,085.00 2.000 12 10/27/2003 200305480 3.125 2.750 803.00 2.000 12 9/26/2003 200422160 3.125 2.750 2,604.00 1.875 12 10/28/2003 200417301 3.000 2.625 532.00 1.875 12 10/15/2003
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type - --------- ------------------ ------------- ------------ ------------- ------------- 82679093 12/1/2003 11/1/2033 76.77 76.77 SF 200391241 12/1/2003 11/1/2033 59.75 59.75 PD 200360287 12/1/2003 11/1/2033 62.16 62.16 PD 200367456 12/1/2003 11/1/2033 79.99 79.99 PD 200369395 12/1/2003 11/1/2033 59.23 59.23 SF 200371441 12/1/2003 11/1/2033 80.00 80.00 PD 200364016 12/1/2003 11/1/2033 71.43 71.43 SF 82219288 9/1/2003 8/1/2033 73.50 73.50 SF 750059131 12/1/2003 11/1/2033 66.46 66.46 SF 82405739 12/1/2003 11/1/2033 67.72 67.72 SF 82391301 11/1/2003 10/1/2033 53.64 53.64 SF 82303140 12/1/2003 11/1/2033 79.07 79.07 PD 82264391 9/1/2003 8/1/2033 79.47 79.47 SF 82433004 11/1/2003 10/1/2033 62.75 62.75 SF 81916587 8/1/2003 7/1/2033 70.00 70.00 SF 81981862 9/1/2003 8/1/2033 75.21 75.21 SF 82247602 9/1/2003 8/1/2033 59.09 59.09 SF 82525965 12/1/2003 11/1/2033 74.05 74.05 SF 82519125 12/1/2003 11/1/2033 80.00 80.00 SF 82514381 12/1/2003 11/1/2033 75.76 75.76 SF 82415274 12/1/2003 11/1/2033 76.09 76.09 SF 82503251 12/1/2003 11/1/2033 76.24 76.24 SF 200466084 12/1/2003 11/1/2033 80.00 80.00 PD 82494410 12/1/2003 11/1/2033 71.88 71.88 CP 82476896 12/1/2003 11/1/2033 64.78 64.78 PA 82473661 12/1/2003 11/1/2033 58.59 58.59 SF 82466681 10/1/2003 9/1/2033 77.78 77.78 SF 82510298 12/1/2003 11/1/2033 74.20 74.20 SF 750061962 12/1/2003 11/1/2033 74.46 74.46 SF 200409795 12/1/2003 11/1/2033 39.80 39.80 SF 200405249 12/1/2003 11/1/2033 80.00 80.00 PD 200402683 12/1/2003 11/1/2033 55.56 55.56 PD 200411379 12/1/2003 11/1/2033 66.05 66.05 SF 200396190 12/1/2003 11/1/2033 73.63 73.63 PD 200392553 12/1/2003 11/1/2033 79.99 79.99 PD 200392538 12/1/2003 11/1/2033 64.29 64.29 SF 200402444 12/1/2003 11/1/2033 55.56 55.56 SF 200441293 12/1/2003 11/1/2033 45.74 45.74 SF 82793837 12/1/2003 11/1/2033 80.00 80.00 SF 200319051 11/1/2003 10/1/2033 50.96 50.96 SF 200306611 12/1/2003 11/1/2033 60.61 60.61 SF 82696956 12/1/2003 11/1/2033 74.91 74.91 SF 200451110 12/1/2003 11/1/2033 79.67 79.67 PD 82046301 9/1/2003 8/1/2033 59.83 59.83 SF 82050741 9/1/2003 8/1/2033 44.65 44.65 SF 200446078 12/1/2003 11/1/2033 74.99 74.99 SF 200411114 12/1/2003 11/1/2033 75.00 75.00 SF 200391449 12/1/2003 11/1/2033 70.00 70.00 SF 200305480 11/1/2003 10/1/2033 53.19 53.19 SF 200422160 12/1/2003 11/1/2033 58.31 58.31 PD 200417301 12/1/2003 11/1/2033 71.00 71.00 PD
Loan No Group - --------- ----- 82679093 1 200391241 1 200360287 1 200367456 1 200369395 1 200371441 1 200364016 1 82219288 1 750059131 1 82405739 1 82391301 1 82303140 1 82264391 1 82433004 1 81916587 1 81981862 1 82247602 1 82525965 1 82519125 1 82514381 1 82415274 1 82503251 1 200466084 1 82494410 1 82476896 1 82473661 1 82466681 1 82510298 1 750061962 1 200409795 1 200405249 1 200402683 1 200411379 1 200396190 1 200392553 1 200392538 1 200402444 1 200441293 1 82793837 1 200319051 1 200306611 1 82696956 1 200451110 2 82046301 2 82050741 2 200446078 2 200411114 2 200391449 2 200305480 2 200422160 2 200417301 2
Loan No Index Type Original Balance Current Balance Cut Off Date - --------- ---------- ---------------- --------------- ------------ 200412104 LIBOR 6 M 395,000.00 395,000.00 12/1/2003 200411932 LIBOR 6 M 650,000.00 650,000.00 12/1/2003 82791138 LIBOR 6 M 331,000.00 329,055.70 12/1/2003 82801754 LIBOR 6 M 305,000.00 305,000.00 12/1/2003 82801390 LIBOR 6 M 400,000.00 399,999.98 12/1/2003 82800152 LIBOR 6 M 262,000.00 262,000.00 12/1/2003 82797960 LIBOR 6 M 911,500.00 911,500.00 12/1/2003 82797879 LIBOR 6 M 133,500.00 133,500.00 12/1/2003 82810755 LIBOR 6 M 240,000.00 239,500.00 12/1/2003 82786401 LIBOR 6 M 350,000.00 350,000.00 12/1/2003 82825068 LIBOR 6 M 180,000.00 180,000.00 12/1/2003 200354645 LIBOR 6 M 217,000.00 217,000.00 12/1/2003 108590530 LIBOR 6 M 561,400.00 561,400.00 12/1/2003 108552639 LIBOR 6 M 210,000.00 208,897.39 12/1/2003 82840257 LIBOR 6 M 231,200.00 231,200.00 12/1/2003 82834102 LIBOR 6 M 394,000.00 394,000.00 12/1/2003 82778895 LIBOR 6 M 408,000.00 408,000.00 12/1/2003 82823105 LIBOR 6 M 480,000.00 480,000.00 12/1/2003 82816620 LIBOR 6 M 550,000.00 550,000.00 12/1/2003 82811670 LIBOR 6 M 177,100.00 177,100.00 12/1/2003 82811332 LIBOR 6 M 297,000.00 297,000.00 12/1/2003 82832460 LIBOR 6 M 495,000.00 495,000.00 12/1/2003 82714650 LIBOR 6 M 567,000.00 567,000.00 12/1/2003 82728973 LIBOR 6 M 289,000.00 288,999.55 12/1/2003 82725003 LIBOR 6 M 583,000.00 582,421.60 12/1/2003 82724469 LIBOR 6 M 350,000.00 349,873.96 12/1/2003 82721754 LIBOR 6 M 415,500.00 415,500.00 12/1/2003 82721697 LIBOR 6 M 308,500.00 306,436.44 12/1/2003 82717166 LIBOR 6 M 395,000.00 395,000.00 12/1/2003 82716556 LIBOR 6 M 136,800.00 136,800.00 12/1/2003 82756651 LIBOR 6 M 232,500.00 232,500.00 12/1/2003 82714205 LIBOR 6 M 294,000.00 294,000.00 12/1/2003 82713272 LIBOR 6 M 191,900.00 191,588.76 12/1/2003 82712829 LIBOR 6 M 800,000.00 800,000.00 12/1/2003 82711508 LIBOR 6 M 291,200.00 291,199.98 12/1/2003 82711359 LIBOR 6 M 250,000.00 249,500.00 12/1/2003 82709247 LIBOR 6 M 225,000.00 225,000.00 12/1/2003 82777657 LIBOR 6 M 450,000.00 450,000.00 12/1/2003 82776873 LIBOR 6 M 568,000.00 567,999.99 12/1/2003 82776386 LIBOR 6 M 316,400.00 316,400.00 12/1/2003 82775313 LIBOR 6 M 177,600.00 177,600.00 12/1/2003 82704305 LIBOR 6 M 106,100.00 106,099.99 12/1/2003 82754805 LIBOR 6 M 140,500.00 140,500.00 12/1/2003 82770546 LIBOR 6 M 600,000.00 600,000.00 12/1/2003 82768458 LIBOR 6 M 214,000.00 212,976.58 12/1/2003 82764143 LIBOR 6 M 203,500.00 202,500.00 12/1/2003 82759010 LIBOR 6 M 120,000.00 119,000.00 12/1/2003 82779059 LIBOR 6 M 637,500.00 637,500.00 12/1/2003 200307262 LIBOR 6 M 112,000.00 112,000.00 12/1/2003 200319002 LIBOR 6 M 1,000,000.00 999,999.99 12/1/2003 200318533 LIBOR 6 M 82,500.00 82,341.37 12/1/2003
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date - --------- -------------- ---------- ------------ ------------ ------------ ---------------- 200412104 3.250 2.875 1,070.00 2.000 12 10/21/2003 200411932 3.250 2.875 1,760.00 2.000 12 10/16/2003 82791138 3.125 2.750 862.00 2.000 12 10/22/2003 82801754 3.125 2.750 794.00 2.000 12 10/20/2003 82801390 3.250 2.875 1,083.00 2.000 12 10/24/2003 82800152 3.000 2.625 655.00 1.875 12 10/21/2003 82797960 3.250 2.875 2,469.00 2.000 12 10/27/2003 82797879 3.000 2.625 334.00 1.875 12 10/17/2003 82810755 3.250 2.875 650.00 2.000 12 10/27/2003 82786401 3.250 2.875 948.00 2.000 12 10/20/2003 82825068 3.125 2.750 469.00 1.875 12 10/28/2003 200354645 3.125 2.750 565.00 2.000 12 10/23/2003 108590530 3.125 2.750 1,462.00 1.875 12 9/17/2003 108552639 3.125 2.750 547.00 2.000 12 7/3/2003 82840257 3.250 2.875 626.00 2.000 12 10/27/2003 82834102 3.000 2.625 985.00 1.875 12 10/28/2003 82778895 3.125 2.750 1,062.00 1.875 12 10/23/2003 82823105 3.125 2.750 1,250.00 1.875 12 10/28/2003 82816620 3.125 2.750 1,432.00 2.000 12 10/24/2003 82811670 3.250 2.875 480.00 2.000 12 10/24/2003 82811332 3.125 2.750 773.00 1.875 12 10/23/2003 82832460 3.000 2.625 1,238.00 1.750 12 10/17/2003 82714650 3.000 2.625 1,418.00 1.875 12 10/22/2003 82728973 3.000 2.625 722.00 1.875 12 10/21/2003 82725003 3.000 2.625 1,458.00 1.875 12 10/13/2003 82724469 3.125 2.750 911.00 2.000 12 10/14/2003 82721754 3.125 2.750 1,082.00 2.000 12 10/16/2003 82721697 3.000 2.625 771.00 1.750 12 10/22/2003 82717166 3.125 2.750 1,029.00 2.000 12 10/13/2003 82716556 2.750 2.375 314.00 1.625 12 10/10/2003 82756651 3.125 2.750 605.00 2.000 12 10/23/2003 82714205 3.000 2.625 735.00 1.875 12 10/6/2003 82713272 3.125 2.750 500.00 2.000 12 10/15/2003 82712829 3.000 2.625 2,000.00 1.875 12 10/16/2003 82711508 3.125 2.750 758.00 2.000 12 10/17/2003 82711359 3.000 2.625 625.00 1.875 12 10/10/2003 82709247 3.125 2.750 586.00 1.875 12 10/20/2003 82777657 3.000 2.625 1,125.00 1.875 12 10/22/2003 82776873 3.250 2.875 1,538.00 2.000 12 10/21/2003 82776386 3.125 2.750 824.00 1.875 12 10/17/2003 82775313 3.000 2.625 444.00 1.875 12 10/16/2003 82704305 3.125 2.750 276.00 2.000 12 10/10/2003 82754805 3.125 2.750 366.00 1.875 12 10/24/2003 82770546 3.250 2.875 1,625.00 2.000 12 10/21/2003 82768458 3.125 2.750 557.00 2.000 12 10/21/2003 82764143 3.125 2.750 530.00 2.000 12 10/20/2003 82759010 3.000 2.625 300.00 1.875 12 10/10/2003 82779059 3.125 2.750 1,660.00 1.875 12 10/21/2003 200307262 2.875 2.500 268.00 1.750 12 10/7/2003 200319002 3.250 2.875 2,708.00 2.000 12 10/24/2003 200318533 3.000 2.625 206.00 1.875 12 10/8/2003
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type - --------- ------------------ ------------- ------------ ------------- ------------- 200412104 12/1/2003 11/1/2033 64.75 64.75 SF 200411932 12/1/2003 11/1/2033 59.09 59.09 PD 82791138 12/1/2003 11/1/2033 66.20 66.20 SF 82801754 12/1/2003 11/1/2033 74.39 74.39 SF 82801390 12/1/2003 11/1/2033 60.61 60.61 SF 82800152 12/1/2003 11/1/2033 74.22 74.22 SF 82797960 12/1/2003 11/1/2033 55.24 55.24 SF 82797879 12/1/2003 11/1/2033 71.01 71.01 PD 82810755 12/1/2003 11/1/2033 80.00 80.00 PD 82786401 12/1/2003 11/1/2033 45.75 45.75 SF 82825068 12/1/2003 11/1/2033 75.00 75.00 SF 200354645 12/1/2003 11/1/2033 56.22 56.22 SF 108590530 11/1/2003 10/1/2033 79.99 79.99 PD 108552639 9/1/2003 8/1/2033 52.50 52.50 PD 82840257 12/1/2003 11/1/2033 80.00 80.00 SF 82834102 12/1/2003 11/1/2033 74.34 74.34 SF 82778895 12/1/2003 11/1/2033 65.81 65.81 SF 82823105 12/1/2003 11/1/2033 69.57 69.57 SF 82816620 12/1/2003 11/1/2033 69.62 69.62 PD 82811670 12/1/2003 11/1/2033 70.00 70.00 SF 82811332 12/1/2003 11/1/2033 54.00 54.00 PD 82832460 12/1/2003 11/1/2033 66.00 66.00 SF 82714650 12/1/2003 11/1/2033 60.00 60.00 SF 82728973 12/1/2003 11/1/2033 75.07 75.06 SF 82725003 12/1/2003 11/1/2033 74.84 74.84 SF 82724469 12/1/2003 11/1/2033 73.84 73.84 SF 82721754 12/1/2003 11/1/2033 44.20 44.20 SF 82721697 12/1/2003 11/1/2033 56.61 56.61 PD 82717166 12/1/2003 11/1/2033 64.23 64.23 SF 82716556 12/1/2003 11/1/2033 80.00 80.00 PD 82756651 12/1/2003 11/1/2033 72.66 72.66 SF 82714205 12/1/2003 11/1/2033 70.00 70.00 PD 82713272 12/1/2003 11/1/2033 79.99 79.99 PD 82712829 12/1/2003 11/1/2033 69.57 69.57 SF 82711508 12/1/2003 11/1/2033 68.52 68.52 SF 82711359 12/1/2003 11/1/2033 65.79 65.79 SF 82709247 12/1/2003 11/1/2033 41.67 41.67 SF 82777657 12/1/2003 11/1/2033 64.29 64.29 SF 82776873 12/1/2003 11/1/2033 74.25 74.25 SF 82776386 12/1/2003 11/1/2033 70.00 70.00 SF 82775313 12/1/2003 11/1/2033 80.00 80.00 SF 82704305 12/1/2003 11/1/2033 66.73 66.73 SF 82754805 12/1/2003 11/1/2033 78.93 78.93 SF 82770546 12/1/2003 11/1/2033 56.08 56.07 SF 82768458 12/1/2003 11/1/2033 69.26 69.26 PD 82764143 12/1/2003 11/1/2033 56.53 56.53 PD 82759010 12/1/2003 11/1/2033 63.16 63.16 PD 82779059 12/1/2003 11/1/2033 75.00 75.00 PD 200307262 12/1/2003 11/1/2033 56.00 56.00 SF 200319002 12/1/2003 11/1/2033 58.82 58.82 SF 200318533 12/1/2003 11/1/2033 75.00 75.00 SF
Loan No Group - --------- ----- 200412104 2 200411932 2 82791138 2 82801754 2 82801390 2 82800152 2 82797960 2 82797879 2 82810755 2 82786401 2 82825068 2 200354645 2 108590530 2 108552639 2 82840257 2 82834102 2 82778895 2 82823105 2 82816620 2 82811670 2 82811332 2 82832460 2 82714650 2 82728973 2 82725003 2 82724469 2 82721754 2 82721697 2 82717166 2 82716556 2 82756651 2 82714205 2 82713272 2 82712829 2 82711508 2 82711359 2 82709247 2 82777657 2 82776873 2 82776386 2 82775313 2 82704305 2 82754805 2 82770546 2 82768458 2 82764143 2 82759010 2 82779059 2 200307262 2 200319002 2 200318533 2
Loan No Index Type Original Balance Current Balance Cut Off Date - --------- ---------- ---------------- --------------- ------------ 200316685 LIBOR 6 M 85,500.00 83,500.00 12/1/2003 200314953 LIBOR 6 M 357,000.00 357,000.00 12/1/2003 200313658 LIBOR 6 M 197,500.00 197,500.00 12/1/2003 200319390 LIBOR 6 M 222,400.00 222,400.00 12/1/2003 200311066 LIBOR 6 M 388,350.00 388,350.00 12/1/2003 200307072 LIBOR 6 M 494,000.00 493,961.81 12/1/2003 200305803 LIBOR 6 M 296,000.00 295,999.99 12/1/2003 82526047 LIBOR 6 M 134,500.00 134,500.00 12/1/2003 200368645 LIBOR 6 M 207,000.00 206,460.92 12/1/2003 82691775 LIBOR 6 M 1,350,000.00 1,350,000.00 12/1/2003 200302230 LIBOR 6 M 616,000.00 616,000.00 12/1/2003 82696600 LIBOR 6 M 130,000.00 129,999.99 12/1/2003 200353662 LIBOR 6 M 60,750.00 60,149.99 12/1/2003 200350148 LIBOR 6 M 325,000.00 325,000.00 12/1/2003 200341683 LIBOR 6 M 650,000.00 649,925.00 12/1/2003 200341618 LIBOR 6 M 338,350.00 338,350.00 12/1/2003 200319192 LIBOR 6 M 562,000.00 560,463.54 12/1/2003 200293967 LIBOR 6 M 300,000.00 300,000.00 12/1/2003 82689910 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 200340024 LIBOR 6 M 160,000.00 160,000.00 12/1/2003 200337871 LIBOR 6 M 233,000.00 233,000.00 12/1/2003 200337160 LIBOR 6 M 93,600.00 93,600.00 12/1/2003 200336352 LIBOR 6 M 222,700.00 222,700.00 12/1/2003 200328755 LIBOR 6 M 220,500.00 220,500.00 12/1/2003 200328060 LIBOR 6 M 315,000.00 315,000.00 12/1/2003 200326783 LIBOR 6 M 426,800.00 426,800.00 12/1/2003 200321826 LIBOR 6 M 207,500.00 207,499.99 12/1/2003 200268803 LIBOR 6 M 224,000.00 224,000.00 12/1/2003 200266971 LIBOR 6 M 200,000.00 199,841.66 12/1/2003 200253664 LIBOR 6 M 253,000.00 253,000.00 12/1/2003 200239424 LIBOR 6 M 800,000.00 799,779.84 12/1/2003 82702101 LIBOR 6 M 298,000.00 297,999.99 12/1/2003 82702903 LIBOR 6 M 510,000.00 510,000.00 12/1/2003 200269850 LIBOR 6 M 181,500.00 181,500.00 12/1/2003 200186153 LIBOR 6 M 167,000.00 163,570.92 12/1/2003 200153757 LIBOR 6 M 188,500.00 188,500.00 12/1/2003 200115863 LIBOR 6 M 817,500.00 817,500.00 12/1/2003 200101038 LIBOR 6 M 388,900.00 388,900.00 12/1/2003 200075083 LIBOR 6 M 590,000.00 590,000.00 12/1/2003 200066348 LIBOR 6 M 182,000.00 182,000.00 12/1/2003 108724774 LIBOR 6 M 345,000.00 344,862.50 12/1/2003 200354306 LIBOR 6 M 297,000.00 297,000.00 12/1/2003 82697954 LIBOR 6 M 148,800.00 148,800.00 12/1/2003 200293314 LIBOR 6 M 486,800.00 486,017.00 12/1/2003 82698614 LIBOR 6 M 318,000.00 318,000.00 12/1/2003 200292407 LIBOR 6 M 635,000.00 635,000.00 12/1/2003 200285765 LIBOR 6 M 322,700.00 322,700.00 12/1/2003 200269843 LIBOR 6 M 307,100.00 307,100.00 12/1/2003 200276434 LIBOR 6 M 135,000.00 134,999.99 12/1/2003 82698770 LIBOR 6 M 129,000.00 129,000.00 12/1/2003 200275030 LIBOR 6 M 152,000.00 152,000.00 12/1/2003
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date - --------- -------------- ---------- ------------ ------------ ------------ ---------------- 200316685 3.125 2.750 223.00 2.000 12 10/3/2003 200314953 3.250 2.875 967.00 2.000 12 10/17/2003 200313658 3.125 2.750 514.00 2.000 12 10/14/2003 200319390 3.125 2.750 579.00 2.000 12 10/21/2003 200311066 3.000 2.625 971.00 1.875 12 10/14/2003 200307072 3.125 2.750 1,286.00 2.000 12 9/26/2003 200305803 3.125 2.750 771.00 2.000 12 10/17/2003 82526047 3.000 2.625 336.00 1.875 12 10/3/2003 200368645 3.125 2.750 539.00 2.000 12 10/16/2003 82691775 3.000 2.625 3,375.00 1.750 12 10/27/2003 200302230 3.125 2.750 1,604.00 2.000 12 9/26/2003 82696600 3.125 2.750 339.00 2.000 12 10/15/2003 200353662 3.125 2.750 158.00 2.000 12 10/17/2003 200350148 3.125 2.750 846.00 1.875 12 10/23/2003 200341683 3.000 2.625 1,625.00 1.875 12 10/20/2003 200341618 3.125 2.750 881.00 1.875 12 10/9/2003 200319192 3.125 2.750 1,464.00 2.000 12 10/10/2003 200293967 3.125 2.750 781.00 2.000 12 10/3/2003 82689910 3.125 2.750 521.00 2.000 12 10/23/2003 200340024 3.125 2.750 417.00 2.000 12 10/13/2003 200337871 3.125 2.750 607.00 2.000 12 10/15/2003 200337160 3.250 2.875 254.00 2.000 12 10/22/2003 200336352 3.125 2.750 580.00 1.875 12 10/22/2003 200328755 3.125 2.750 574.00 2.000 12 10/13/2003 200328060 3.000 2.625 788.00 1.875 12 10/7/2003 200326783 3.000 2.625 1,067.00 1.875 12 10/8/2003 200321826 3.125 2.750 540.00 2.000 12 9/26/2003 200268803 3.000 2.625 560.00 1.875 12 10/21/2003 200266971 3.125 2.750 521.00 1.875 12 10/13/2003 200253664 3.000 2.625 632.00 1.875 12 10/13/2003 200239424 3.000 2.625 2,000.00 1.750 12 10/21/2003 82702101 3.125 2.750 776.00 2.000 12 10/22/2003 82702903 3.000 2.625 1,275.00 1.875 12 10/9/2003 200269850 3.250 2.875 492.00 2.000 12 10/27/2003 200186153 3.125 2.750 435.00 1.875 12 10/16/2003 200153757 3.000 2.625 471.00 1.750 12 9/24/2003 200115863 3.000 2.625 2,044.00 1.875 12 10/16/2003 200101038 2.875 2.500 932.00 1.750 12 8/26/2003 200075083 3.125 2.750 1,536.00 2.000 12 10/3/2003 200066348 3.125 2.750 474.00 1.875 12 10/27/2003 108724774 3.000 2.625 862.00 1.875 12 10/10/2003 200354306 3.125 2.750 773.00 2.000 12 10/8/2003 82697954 3.125 2.750 388.00 2.000 12 10/17/2003 200293314 3.000 2.625 1,217.00 1.875 12 10/1/2003 82698614 3.000 2.625 795.00 1.875 12 10/13/2003 200292407 3.125 2.750 1,654.00 2.000 12 10/28/2003 200285765 3.000 2.625 807.00 1.875 12 10/14/2003 200269843 3.125 2.750 800.00 2.000 12 9/25/2003 200276434 3.125 2.750 352.00 1.875 12 10/24/2003 82698770 3.125 2.750 336.00 2.000 12 10/23/2003 200275030 3.250 2.875 412.00 2.000 12 10/24/2003
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type - --------- ------------------ ------------- ------------ ------------- ------------- 200316685 12/1/2003 11/1/2033 71.25 71.25 SF 200314953 12/1/2003 11/1/2033 70.00 70.00 SF 200313658 12/1/2003 11/1/2033 40.72 40.72 SF 200319390 12/1/2003 11/1/2033 80.00 80.00 PD 200311066 12/1/2003 11/1/2033 57.53 57.53 SF 200307072 11/1/2003 10/1/2033 65.87 65.87 SF 200305803 12/1/2003 11/1/2033 80.00 80.00 PD 82526047 12/1/2003 11/1/2033 73.90 73.90 SF 200368645 12/1/2003 11/1/2033 76.67 76.67 SF 82691775 12/1/2003 11/1/2033 75.00 75.00 SF 200302230 11/1/2003 10/1/2033 38.50 38.50 SF 82696600 12/1/2003 11/1/2033 78.79 78.79 SF 200353662 12/1/2003 11/1/2033 51.48 51.48 SF 200350148 12/1/2003 11/1/2033 72.22 72.22 PD 200341683 12/1/2003 11/1/2033 68.78 68.78 SF 200341618 12/1/2003 11/1/2033 62.66 62.66 SF 200319192 12/1/2003 11/1/2033 78.60 78.60 SF 200293967 12/1/2003 11/1/2033 80.00 80.00 SF 82689910 12/1/2003 11/1/2033 80.00 80.00 PA 200340024 12/1/2003 11/1/2033 80.00 80.00 HC 200337871 12/1/2003 11/1/2033 73.50 73.50 SF 200337160 12/1/2003 11/1/2033 80.00 80.00 PD 200336352 12/1/2003 11/1/2033 74.98 74.98 PD 200328755 12/1/2003 11/1/2033 76.56 76.56 SF 200328060 12/1/2003 11/1/2033 70.00 70.00 SF 200326783 12/1/2003 11/1/2033 50.81 50.81 SF 200321826 11/1/2003 10/1/2033 76.29 76.29 PD 200268803 12/1/2003 11/1/2033 75.17 75.17 SF 200266971 12/1/2003 11/1/2033 74.07 74.07 SF 200253664 12/1/2003 11/1/2033 76.67 76.67 SF 200239424 12/1/2003 11/1/2033 68.67 68.67 SF 82702101 12/1/2003 11/1/2033 75.25 75.25 LC 82702903 12/1/2003 11/1/2033 74.89 74.89 SF 200269850 12/1/2003 11/1/2033 72.60 72.60 SF 200186153 12/1/2003 11/1/2033 37.11 37.11 SF 200153757 11/1/2003 10/1/2033 65.00 65.00 PA 200115863 12/1/2003 11/1/2033 75.69 75.69 SF 200101038 10/1/2003 9/1/2033 57.19 57.19 SF 200075083 12/1/2003 11/1/2033 78.67 78.67 LC 200066348 12/1/2003 11/1/2033 71.37 71.37 SF 108724774 12/1/2003 11/1/2033 75.00 75.00 HC 200354306 12/1/2003 11/1/2033 67.50 67.50 SF 82697954 12/1/2003 11/1/2033 63.32 63.32 SF 200293314 12/1/2003 11/1/2033 67.91 67.91 PD 82698614 12/1/2003 11/1/2033 48.18 48.18 SF 200292407 12/1/2003 11/1/2033 48.85 48.85 SF 200285765 12/1/2003 11/1/2033 78.71 78.71 PD 200269843 11/1/2003 10/1/2033 79.99 79.99 PD 200276434 12/1/2003 11/1/2033 39.71 39.71 PD 82698770 12/1/2003 11/1/2033 79.63 79.63 SF 200275030 12/1/2003 11/1/2033 67.56 67.56 LC
Loan No Group - --------- ----- 200316685 2 200314953 2 200313658 2 200319390 2 200311066 2 200307072 2 200305803 2 82526047 2 200368645 2 82691775 2 200302230 2 82696600 2 200353662 2 200350148 2 200341683 2 200341618 2 200319192 2 200293967 2 82689910 2 200340024 2 200337871 2 200337160 2 200336352 2 200328755 2 200328060 2 200326783 2 200321826 2 200268803 2 200266971 2 200253664 2 200239424 2 82702101 2 82702903 2 200269850 2 200186153 2 200153757 2 200115863 2 200101038 2 200075083 2 200066348 2 108724774 2 200354306 2 82697954 2 200293314 2 82698614 2 200292407 2 200285765 2 200269843 2 200276434 2 82698770 2 200275030 2
Loan No Index Type Original Balance Current Balance Cut Off Date ------- ---------- ---------------- --------------- ------------ 200273977 LIBOR 6 M 225,000.00 225,000.00 12/1/2003 200272078 LIBOR 6 M 116,700.00 116,317.76 12/1/2003 200295426 LIBOR 6 M 92,400.00 91,800.00 12/1/2003 82542556 LIBOR 6 M 307,000.00 306,000.00 12/1/2003 82565847 LIBOR 6 M 83,000.00 83,000.00 12/1/2003 82561333 LIBOR 6 M 105,000.00 104,826.93 12/1/2003 82581232 LIBOR 6 M 240,000.00 240,000.00 12/1/2003 82533050 LIBOR 6 M 335,000.00 335,000.00 12/1/2003 82528993 LIBOR 6 M 89,800.00 89,799.40 12/1/2003 82543927 LIBOR 6 M 199,500.00 199,500.00 12/1/2003 82597568 LIBOR 6 M 347,000.00 347,000.00 12/1/2003 82612250 LIBOR 6 M 187,500.00 187,500.00 12/1/2003 82609447 LIBOR 6 M 254,000.00 254,000.00 12/1/2003 82607839 LIBOR 6 M 94,000.00 93,235.00 12/1/2003 82605890 LIBOR 6 M 109,600.00 109,600.00 12/1/2003 82573064 LIBOR 6 M 82,000.00 82,000.00 12/1/2003 82603341 LIBOR 6 M 215,000.00 215,000.00 12/1/2003 82578576 LIBOR 6 M 227,000.00 224,862.63 12/1/2003 82597006 LIBOR 6 M 59,600.00 59,600.00 12/1/2003 82595877 LIBOR 6 M 197,000.00 196,999.98 12/1/2003 82595323 LIBOR 6 M 97,400.00 97,400.00 12/1/2003 82594318 LIBOR 6 M 160,000.00 160,000.00 12/1/2003 82591884 LIBOR 6 M 70,000.00 69,774.00 12/1/2003 82751884 LIBOR 6 M 397,500.00 397,499.98 12/1/2003 82749722 LIBOR 6 M 336,000.00 335,910.00 12/1/2003 82749185 LIBOR 6 M 160,000.00 160,000.00 12/1/2003 82749169 LIBOR 6 M 240,000.00 240,000.00 12/1/2003 82747262 LIBOR 6 M 188,000.00 188,000.00 12/1/2003 82746975 LIBOR 6 M 316,000.00 315,999.98 12/1/2003 82746348 LIBOR 6 M 180,000.00 179,935.29 12/1/2003 82740259 LIBOR 6 M 210,000.00 210,000.00 12/1/2003 82743543 LIBOR 6 M 450,000.00 450,000.00 12/1/2003 82614306 LIBOR 6 M 166,750.00 166,750.00 12/1/2003 82732819 LIBOR 6 M 385,000.00 385,000.00 12/1/2003 82733197 LIBOR 6 M 225,000.00 225,000.00 12/1/2003 82735101 LIBOR 6 M 642,000.00 642,000.00 12/1/2003 82739194 LIBOR 6 M 210,000.00 210,000.00 12/1/2003 82613050 LIBOR 6 M 142,000.00 142,000.00 12/1/2003 82631870 LIBOR 6 M 427,500.00 427,500.00 12/1/2003 82635681 LIBOR 6 M 300,000.00 299,581.25 12/1/2003 82630997 LIBOR 6 M 536,000.00 536,000.00 12/1/2003 82630179 LIBOR 6 M 143,500.00 142,860.92 12/1/2003 82628884 LIBOR 6 M 428,000.00 427,281.13 12/1/2003 82626995 LIBOR 6 M 155,600.00 155,600.00 12/1/2003 82625260 LIBOR 6 M 35,000.00 34,900.00 12/1/2003 82623984 LIBOR 6 M 500,000.00 500,000.00 12/1/2003 82621228 LIBOR 6 M 520,000.00 519,999.99 12/1/2003 82631755 LIBOR 6 M 175,000.00 175,000.00 12/1/2003 200271641 LIBOR 6 M 55,000.00 55,000.00 12/1/2003 200251007 LIBOR 6 M 260,000.00 259,461.74 12/1/2003 200245538 LIBOR 6 M 130,000.00 129,999.98 12/1/2003
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date ------- -------------- ---------- ------------ ------------ ------------ ---------------- 200273977 3.000 2.625 562.00 1.875 12 10/9/2003 200272078 3.125 2.750 304.00 1.875 12 9/26/2003 200295426 3.000 2.625 231.00 1.875 12 10/6/2003 82542556 3.250 2.875 831.00 2.000 12 10/14/2003 82565847 3.125 2.750 216.00 2.000 12 9/25/2003 82561333 3.250 2.875 284.00 2.000 12 9/23/2003 82581232 3.000 2.625 600.00 1.875 12 10/23/2003 82533050 3.125 2.750 872.00 1.875 12 10/10/2003 82528993 3.000 2.625 224.00 1.875 12 9/30/2003 82543927 3.125 2.750 520.00 2.000 12 9/16/2003 82597568 3.125 2.750 904.00 2.000 12 10/6/2003 82612250 3.125 2.750 488.00 2.000 12 10/8/2003 82609447 3.000 2.625 635.00 1.875 12 10/8/2003 82607839 3.000 2.625 235.00 1.875 12 9/30/2003 82605890 3.000 2.625 274.00 1.875 12 10/22/2003 82573064 3.000 2.625 205.00 1.875 12 9/25/2003 82603341 2.875 2.500 515.00 1.750 12 10/9/2003 82578576 3.000 2.625 568.00 1.875 12 9/30/2003 82597006 3.000 2.625 149.00 1.875 12 10/2/2003 82595877 3.125 2.750 513.00 2.000 12 10/20/2003 82595323 3.250 2.875 264.00 2.000 12 10/17/2003 82594318 3.000 2.625 400.00 1.875 12 10/6/2003 82591884 3.000 2.625 175.00 1.875 12 10/3/2003 82751884 3.250 2.875 1,077.00 2.000 12 10/28/2003 82749722 3.250 2.875 910.00 2.000 12 10/20/2003 82749185 3.125 2.750 417.00 2.000 12 10/17/2003 82749169 3.125 2.750 625.00 2.000 12 10/14/2003 82747262 3.125 2.750 490.00 2.000 12 10/23/2003 82746975 3.250 2.875 856.00 2.000 12 10/28/2003 82746348 3.125 2.750 469.00 2.000 12 10/20/2003 82740259 3.125 2.750 547.00 1.875 12 10/23/2003 82743543 3.250 2.875 1,219.00 2.000 12 10/23/2003 82614306 3.125 2.750 434.00 1.875 12 10/21/2003 82732819 3.125 2.750 1,003.00 1.875 12 10/23/2003 82733197 3.000 2.625 562.00 1.875 12 10/16/2003 82735101 3.000 2.625 1,605.00 1.750 12 10/21/2003 82739194 3.125 2.750 547.00 1.875 12 10/10/2003 82613050 3.250 2.875 385.00 2.000 12 10/21/2003 82631870 3.000 2.625 1,069.00 1.875 12 10/15/2003 82635681 3.125 2.750 781.00 1.875 12 10/22/2003 82630997 3.000 2.625 1,340.00 1.875 12 10/7/2003 82630179 2.750 2.375 329.00 1.625 12 10/9/2003 82628884 3.125 2.750 1,115.00 2.000 12 10/2/2003 82626995 3.125 2.750 405.00 2.000 12 10/10/2003 82625260 3.125 2.750 91.00 2.000 12 10/16/2003 82623984 2.875 2.500 1,198.00 1.750 12 10/21/2003 82621228 2.875 2.500 1,246.00 1.750 12 10/7/2003 82631755 3.125 2.750 456.00 2.000 12 10/7/2003 200271641 3.375 3.000 154.69 2.250 12 9/25/2003 200251007 3.375 3.000 731.25 2.125 12 9/15/2003 200245538 3.250 2.875 352.08 2.125 12 9/19/2003
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type ------- ------------------ ------------- ------------ ------------- ------------- 200273977 12/1/2003 11/1/2033 71.43 71.43 SF 200272078 11/1/2003 10/1/2033 77.80 77.80 SF 200295426 12/1/2003 11/1/2033 66.00 66.00 SF 82542556 12/1/2003 11/1/2033 64.50 64.50 PD 82565847 11/1/2003 10/1/2033 46.11 46.11 SF 82561333 11/1/2003 10/1/2033 50.00 50.00 SF 82581232 12/1/2003 11/1/2033 67.42 67.42 PA 82533050 12/1/2003 11/1/2033 52.10 52.10 PD 82528993 12/1/2003 11/1/2033 65.07 65.07 SF 82543927 11/1/2003 10/1/2033 57.00 57.00 SF 82597568 12/1/2003 11/1/2033 68.04 68.04 SF 82612250 12/1/2003 11/1/2033 70.76 70.75 SF 82609447 12/1/2003 11/1/2033 63.50 63.50 SF 82607839 12/1/2003 11/1/2033 78.99 78.99 SF 82605890 12/1/2003 11/1/2033 80.00 80.00 PA 82573064 11/1/2003 10/1/2033 78.02 78.02 SF 82603341 12/1/2003 11/1/2033 64.18 64.18 SF 82578576 11/1/2003 10/1/2033 79.37 79.37 SF 82597006 12/1/2003 11/1/2033 74.97 74.97 SF 82595877 12/1/2003 11/1/2033 60.62 60.62 SF 82595323 12/1/2003 11/1/2033 56.30 56.30 SF 82594318 12/1/2003 11/1/2033 76.19 76.19 SF 82591884 12/1/2003 11/1/2033 72.17 72.16 LC 82751884 12/1/2003 11/1/2033 75.00 75.00 PD 82749722 12/1/2003 11/1/2033 61.65 61.65 PD 82749185 12/1/2003 11/1/2033 55.17 55.17 PD 82749169 12/1/2003 11/1/2033 75.00 75.00 SF 82747262 12/1/2003 11/1/2033 77.05 77.05 PD 82746975 12/1/2003 11/1/2033 73.49 73.49 SF 82746348 12/1/2003 11/1/2033 75.00 75.00 SF 82740259 12/1/2003 11/1/2033 66.67 66.67 SF 82743543 12/1/2003 11/1/2033 45.00 45.00 SF 82614306 12/1/2003 11/1/2033 65.39 65.39 SF 82732819 12/1/2003 11/1/2033 77.00 77.00 SF 82733197 12/1/2003 11/1/2033 62.85 62.85 SF 82735101 12/1/2003 11/1/2033 64.85 64.85 PD 82739194 12/1/2003 11/1/2033 79.25 79.25 SF 82613050 12/1/2003 11/1/2033 66.98 66.98 PD 82631870 12/1/2003 11/1/2033 75.00 75.00 SF 82635681 12/1/2003 11/1/2033 59.29 59.29 SF 82630997 12/1/2003 11/1/2033 73.93 73.93 SF 82630179 12/1/2003 11/1/2033 89.97 89.97 SF 82628884 12/1/2003 11/1/2033 64.07 64.07 SF 82626995 12/1/2003 11/1/2033 79.39 79.39 SF 82625260 12/1/2003 11/1/2033 38.89 38.89 SF 82623984 12/1/2003 11/1/2033 45.46 45.45 SF 82621228 12/1/2003 11/1/2033 59.43 59.43 SF 82631755 12/1/2003 11/1/2033 70.00 70.00 PA 200271641 11/1/2003 10/1/2033 31.43 31.43 SF 200251007 11/1/2003 10/1/2033 68.42 68.42 SF 200245538 11/1/2003 10/1/2033 39.39 39.39 PA
Loan No Group ------- ----- 200273977 2 200272078 2 200295426 2 82542556 2 82565847 2 82561333 2 82581232 2 82533050 2 82528993 2 82543927 2 82597568 2 82612250 2 82609447 2 82607839 2 82605890 2 82573064 2 82603341 2 82578576 2 82597006 2 82595877 2 82595323 2 82594318 2 82591884 2 82751884 2 82749722 2 82749185 2 82749169 2 82747262 2 82746975 2 82746348 2 82740259 2 82743543 2 82614306 2 82732819 2 82733197 2 82735101 2 82739194 2 82613050 2 82631870 2 82635681 2 82630997 2 82630179 2 82628884 2 82626995 2 82625260 2 82623984 2 82621228 2 82631755 2 200271641 2 200251007 2 200245538 2
Loan No Index Type Original Balance Current Balance Cut Off Date ------- ---------- ---------------- --------------- ------------ 200147486 LIBOR 6 M 560,000.00 560,000.00 12/1/2003 82687492 LIBOR 6 M 290,500.00 290,499.98 12/1/2003 82627647 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 82597485 LIBOR 6 M 149,000.00 150,066.71 12/1/2003 82718263 LIBOR 6 M 140,000.00 140,000.00 12/1/2003 82611963 LIBOR 6 M 111,350.00 111,321.58 12/1/2003 82732017 LIBOR 6 M 96,000.00 95,970.75 12/1/2003 82574682 LIBOR 6 M 205,000.00 205,000.00 12/1/2003 200327708 LIBOR 6 M 999,950.00 999,950.00 12/1/2003 200277382 LIBOR 6 M 401,400.00 401,399.99 12/1/2003 750066052 LIBOR 6 M 400,000.00 400,000.00 12/1/2003 9402390490133 LIBOR 1 M 400,000.00 400,000.00 12/1/2003 9402390490405 LIBOR 1 M 700,000.00 700,000.00 12/1/2003 9402390490520 LIBOR 1 M 920,000.00 920,000.00 12/1/2003 9402390490737 LIBOR 1 M 167,200.00 167,200.00 12/1/2003 9402390490441 LIBOR 1 M 200,000.00 200,000.00 12/1/2003 9402390490269 LIBOR 1 M 200,000.00 200,000.00 12/1/2003 9402390489583 LIBOR 1 M 350,000.00 350,000.00 12/1/2003 9402390487926 LIBOR 1 M 350,000.00 350,000.00 12/1/2003 9402390490205 LIBOR 1 M 1,000,000.00 1,000,000.00 12/1/2003 9402390489391 LIBOR 1 M 300,000.00 300,000.00 12/1/2003 9402390489371 LIBOR 1 M 300,000.00 300,000.00 12/1/2003 9402390487095 LIBOR 1 M 1,000,000.00 1,000,000.00 12/1/2003 9402390491285 LIBOR 6 M 220,000.00 220,000.00 12/1/2003 9402390486538 LIBOR 6 M 403,000.00 402,124.56 12/1/2003 9402390486558 LIBOR 6 M 536,000.00 534,678.35 12/1/2003 9402390488477 LIBOR 6 M 104,000.00 100,000.00 12/1/2003 9402390486999 LIBOR 6 M 122,000.00 120,750.00 12/1/2003 9402390490397 LIBOR 6 M 344,400.00 344,400.00 12/1/2003 9402390491282 LIBOR 6 M 88,000.00 88,000.00 12/1/2003 9402391489360 LIBOR 6 M 168,000.00 168,000.00 12/1/2003 9402390489033 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 9402390487626 LIBOR 6 M 311,000.00 311,000.00 12/1/2003 9402390488507 LIBOR 6 M 316,000.00 316,000.00 12/1/2003 9402390488546 LIBOR 6 M 416,000.00 416,000.00 12/1/2003 9402390489241 LIBOR 6 M 430,000.00 430,000.00 12/1/2003 9402390488470 LIBOR 6 M 500,000.00 500,000.00 12/1/2003 9402390489110 LIBOR 6 M 778,000.00 778,000.00 12/1/2003 9402390488482 LIBOR 6 M 1,000,000.00 1,000,000.00 12/1/2003 9402390488097 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 9402390485301 LIBOR 6 M 300,000.00 300,000.00 12/1/2003 9402390489495 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 9402390486589 LIBOR 6 M 202,000.00 202,000.00 12/1/2003 9402390487707 LIBOR 6 M 228,200.00 228,200.00 12/1/2003 9402390489352 LIBOR 6 M 236,800.00 236,800.00 12/1/2003 9402390488330 LIBOR 6 M 270,000.00 270,000.00 12/1/2003 9402390491075 LIBOR 6 M 312,000.00 312,000.00 12/1/2003 9402390485524 LIBOR 6 M 278,000.00 277,900.00 12/1/2003 9402390489367 LIBOR 6 M 110,000.00 110,000.00 12/1/2003 9402390486554 LIBOR 6 M 60,000.00 60,000.00 12/1/2003 9402390490994 LIBOR 6 M 198,600.00 198,600.00 12/1/2003
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date - ------------------------------------------------------------------------------------------------------------------------ 200147486 3.250 2.875 1,516.67 2.125 12 8/22/2003 82687492 3.375 3.000 817.03 2.250 12 9/25/2003 82627647 3.250 2.875 541.67 2.125 12 9/25/2003 82597485 3.375 3.000 409.72 2.125 12 9/30/2003 82718263 2.875 2.500 335.42 1.750 12 10/15/2003 82611963 3.125 2.750 289.97 2.000 12 9/25/2003 82732017 3.000 2.625 240.00 1.875 12 10/8/2003 82574682 2.875 2.500 491.15 1.750 12 10/6/2003 200327708 3.125 2.750 2,604.04 2.000 12 10/1/2003 200277382 3.250 2.875 1,087.13 2.000 12 9/26/2003 750066052 3.375 3.000 1,125.00 2.250 12 10/16/2003 9402390490133 3.125 2.750 1,042.00 2.000 12 11/5/2003 9402390490405 3.125 2.750 1,823.00 2.000 12 11/14/2003 9402390490520 3.125 2.750 2,396.00 2.000 12 11/13/2003 9402390490737 3.125 2.750 435.00 2.000 12 11/5/2003 9402390490441 3.125 2.750 521.00 2.000 12 11/26/2003 9402390490269 3.125 2.750 521.00 2.000 12 10/31/2003 9402390489583 2.625 2.250 766.00 1.500 12 10/31/2003 9402390487926 2.625 2.250 766.00 1.500 12 10/24/2003 9402390490205 2.625 2.250 2,188.00 1.500 12 10/21/2003 9402390489391 2.625 2.250 656.00 1.500 12 10/16/2003 9402390489371 2.625 2.250 656.00 1.500 12 10/9/2003 9402390487095 2.125 1.750 1,771.00 1.000 12 9/5/2003 9402390491285 2.875 2.500 527.00 1.625 12 11/20/2003 9402390486538 3.000 2.625 1,005.00 1.875 12 9/23/2003 9402390486558 3.000 2.625 1,337.00 1.875 12 9/24/2003 9402390488477 3.250 2.875 271.00 2.125 12 9/25/2003 9402390486999 3.375 3.000 340.00 2.125 12 9/3/2003 9402390490397 3.250 2.875 933.00 2.000 12 11/12/2003 9402390491282 2.875 2.500 211.00 1.625 12 11/26/2003 9402391489360 2.750 2.375 385.00 1.625 12 10/9/2003 9402390489033 2.875 2.500 479.00 1.625 12 11/6/2003 9402390487626 3.000 2.625 778.00 1.875 12 10/15/2003 9402390488507 3.000 2.625 790.00 1.875 12 9/18/2003 9402390488546 3.125 2.750 1,083.00 1.875 12 9/23/2003 9402390489241 3.000 2.625 1,075.00 1.875 12 10/3/2003 9402390488470 3.000 2.625 1,250.00 1.875 12 9/22/2003 9402390489110 3.000 2.625 1,945.00 1.875 12 11/1/2003 9402390488482 2.875 2.500 2,396.00 1.750 12 9/19/2003 9402390488097 3.125 2.750 521.00 1.875 12 10/29/2003 9402390485301 3.250 2.875 812.00 2.125 12 9/17/2003 9402390489495 3.375 3.000 562.00 2.125 12 10/20/2003 9402390486589 3.250 2.875 547.00 2.125 12 10/3/2003 9402390487707 3.250 2.875 618.00 2.125 12 9/24/2003 9402390489352 3.250 2.875 641.00 2.125 12 10/10/2003 9402390488330 3.250 2.875 731.00 2.125 12 9/16/2003 9402390491075 3.125 2.750 812.00 1.875 12 11/26/2003 9402390485524 3.375 3.000 782.00 2.125 12 9/5/2003 9402390489367 3.250 2.875 298.00 2.125 12 10/10/2003 9402390486554 3.250 2.875 162.00 2.125 12 9/22/2003 9402390490994 3.250 2.875 538.00 2.125 12 11/21/2003
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type - ------------------------------------------------------------------------------------------------------------------- 200147486 10/1/2003 9/1/2033 80.00 80.00 SF 82687492 11/1/2003 10/1/2033 70.00 70.00 SF 82627647 11/1/2003 10/1/2033 57.64 57.64 SF 82597485 11/1/2003 10/1/2033 47.45 47.45 SF 82718263 12/1/2003 11/1/2033 80.00 80.00 SF 82611963 11/1/2003 10/1/2033 89.80 89.80 SF 82732017 12/1/2003 11/1/2033 80.00 80.00 SF 82574682 12/1/2003 11/1/2033 73.21 73.21 PD 200327708 11/1/2003 10/1/2033 36.50 36.49 PD 200277382 11/1/2003 10/1/2033 90.00 90.00 PD 750066052 12/1/2003 11/1/2033 80.00 80.00 LC 9402390490133 1/1/2004 12/1/2028 44.44 44.44 PU 9402390490405 1/1/2004 12/1/2028 46.67 46.67 SF 9402390490520 1/1/2004 12/1/2028 80.00 80.00 PU 9402390490737 1/1/2004 12/1/2028 84.02 69.95 SF 9402390490441 1/1/2004 12/1/2028 63.69 63.69 SF 9402390490269 12/1/2003 11/1/2028 20.10 20.10 SF 9402390489583 1/1/2004 12/1/2028 63.64 63.64 PU 9402390487926 12/1/2003 11/1/2028 78.04 78.04 SF 9402390490205 12/1/2003 11/1/2028 68.97 68.97 SF 9402390489391 12/1/2003 11/1/2028 50.08 50.08 SF 9402390489371 12/1/2003 11/1/2028 75.00 75.00 CU 9402390487095 11/1/2003 10/1/2028 100.00 70.00 PU 9402390491285 1/1/2004 12/1/2028 80.00 80.00 PU 9402390486538 11/1/2003 10/1/2028 89.16 69.91 SF 9402390486558 11/1/2003 10/1/2028 80.00 80.00 SF 9402390488477 11/1/2003 10/1/2028 52.00 52.00 SF 9402390486999 11/1/2003 10/1/2028 35.36 35.36 CP 9402390490397 1/1/2004 12/1/2028 70.00 70.00 SF 9402390491282 1/1/2004 12/1/2028 76.52 80.00 SF 9402391489360 12/1/2003 11/1/2028 80.00 80.00 SF 9402390489033 1/1/2004 12/1/2028 79.68 79.68 PU 9402390487626 12/1/2003 11/1/2028 29.62 29.62 PU 9402390488507 11/1/2003 10/1/2028 80.00 80.00 CP 9402390488546 11/1/2003 10/1/2028 80.00 80.00 CP 9402390489241 12/1/2003 11/1/2028 47.78 47.78 CP 9402390488470 11/1/2003 10/1/2028 68.97 68.97 CP 9402390489110 12/1/2003 11/1/2028 100.00 69.92 SF 9402390488482 11/1/2003 10/1/2028 80.00 80.00 SF 9402390488097 12/1/2003 11/1/2028 45.45 45.45 CU 9402390485301 11/1/2003 10/1/2028 20.00 20.00 PU 9402390489495 12/1/2003 11/1/2028 38.91 38.91 SF 9402390486589 12/1/2003 11/1/2028 42.08 42.08 SF 9402390487707 11/1/2003 10/1/2028 67.12 67.12 PU 9402390489352 12/1/2003 11/1/2028 42.98 42.98 SF 9402390488330 11/1/2003 10/1/2028 69.41 69.41 SF 9402390491075 1/1/2004 12/1/2028 70.91 70.91 CP 9402390485524 11/1/2003 10/1/2028 66.19 66.19 TH 9402390489367 12/1/2003 11/1/2028 63.22 63.22 SF 9402390486554 11/1/2003 10/1/2028 38.71 38.71 SF 9402390490994 1/1/2004 12/1/2028 66.42 66.42 SF
Loan No Group - ------------------------------- 200147486 2 82687492 2 82627647 2 82597485 2 82718263 2 82611963 2 82732017 2 82574682 2 200327708 2 200277382 2 750066052 2 9402390490133 1 9402390490405 1 9402390490520 1 9402390490737 1 9402390490441 1 9402390490269 1 9402390489583 1 9402390487926 1 9402390490205 1 9402390489391 1 9402390489371 1 9402390487095 1 9402390491285 1 9402390486538 1 9402390486558 1 9402390488477 1 9402390486999 1 9402390490397 1 9402390491282 1 9402391489360 2 9402390489033 2 9402390487626 2 9402390488507 2 9402390488546 2 9402390489241 2 9402390488470 2 9402390489110 2 9402390488482 2 9402390488097 2 9402390485301 2 9402390489495 2 9402390486589 2 9402390487707 2 9402390489352 2 9402390488330 2 9402390491075 2 9402390485524 2 9402390489367 2 9402390486554 2 9402390490994 2
Loan No Index Type Original Balance Current Balance Cut Off Date - -------------------------------------------------------------------------------------------------- 9402390487857 LIBOR 6 M 165,000.00 165,000.00 12/1/2003 9402390488072 LIBOR 6 M 740,000.00 740,000.00 12/1/2003 9402390491668 LIBOR 6 M 136,000.00 136,000.00 12/1/2003 9402390490664 LIBOR 6 M 160,000.00 160,000.00 12/1/2003 9402390486222 LIBOR 6 M 161,000.00 161,000.00 12/1/2003 9402390486223 LIBOR 6 M 189,000.00 189,000.00 12/1/2003 9402390487803 LIBOR 6 M 192,000.00 192,000.00 12/1/2003 9402390489566 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 9402390489152 LIBOR 6 M 1,000,000.00 1,000,000.00 12/1/2003 9402390486620 LIBOR 6 M 572,000.00 572,000.00 12/1/2003 9402390489304 LIBOR 6 M 600,000.00 600,000.00 12/1/2003 9402390487455 LIBOR 6 M 650,000.00 650,000.00 12/1/2003 9402390488062 LIBOR 6 M 724,500.00 724,500.00 12/1/2003 9402390490576 LIBOR 6 M 400,000.00 400,000.00 12/1/2003 9402390485842 LIBOR 6 M 150,000.00 150,000.00 12/1/2003 9402390488563 LIBOR 6 M 153,000.00 153,000.00 12/1/2003 9402390490587 LIBOR 6 M 300,000.00 300,000.00 12/1/2003 9402390488851 LIBOR 6 M 200,000.00 200,000.00 12/1/2003 - ------------- -------------- 324 106,342,922.32 ============= ==============
Loan No Current Coupon Net Coupon Original P&I Gross Margin Maximum Rate Origination Date - ------------------------------------------------------------------------------------------------------------------------ 9402390487857 3.250 2.875 447.00 2.125 12 10/8/2003 9402390488072 3.250 2.875 2,004.00 2.000 12 10/20/2003 9402390491668 3.125 2.750 354.00 1.875 12 11/21/2003 9402390490664 3.125 2.750 417.00 1.875 12 10/31/2003 9402390486222 3.125 2.750 419.00 1.875 12 10/27/2003 9402390486223 3.125 2.750 492.00 1.875 12 10/27/2003 9402390487803 3.000 2.625 480.00 1.875 12 10/7/2003 9402390489566 3.125 2.750 521.00 1.875 12 10/24/2003 9402390489152 3.250 2.875 2,708.00 2.125 12 9/25/2003 9402390486620 3.250 2.875 1,549.00 2.125 12 10/14/2003 9402390489304 3.250 2.875 1,625.00 2.125 12 10/10/2003 9402390487455 3.250 2.875 1,760.00 2.125 12 9/22/2003 9402390488062 3.250 2.875 1,962.00 2.125 12 10/16/2003 9402390490576 2.875 2.500 958.00 1.625 12 11/21/2003 9402390485842 2.750 2.375 344.00 1.625 12 9/24/2003 9402390488563 2.750 2.375 351.00 1.625 12 9/24/2003 9402390490587 2.875 2.500 719.00 1.625 12 11/21/2003 9402390488851 2.625 2.250 438.00 1.625 12 10/27/2003 - ------------- 324 =============
Loan No First Payment Date Maturity Date Original LTV Original ELTV Property Type - ------------------------------------------------------------------------------------------------------------------ 9402390487857 12/1/2003 11/1/2028 59.67 59.67 PU 9402390488072 12/1/2003 11/1/2028 80.00 80.00 SF 9402390491668 1/1/2004 12/1/2028 80.00 80.00 SF 9402390490664 12/1/2003 11/1/2028 80.00 80.00 SF 9402390486222 12/1/2003 11/1/2028 70.00 70.00 SF 9402390486223 12/1/2003 11/1/2028 70.00 70.00 SF 9402390487803 12/1/2003 11/1/2028 80.00 60.00 SF 9402390489566 12/1/2003 11/1/2028 41.67 41.67 CP 9402390489152 11/1/2003 10/1/2028 55.96 55.96 SF 9402390486620 12/1/2003 11/1/2028 61.64 61.64 SF 9402390489304 12/1/2003 11/1/2028 54.55 54.55 SF 9402390487455 11/1/2003 10/1/2028 48.63 48.63 SF 9402390488062 12/1/2003 11/1/2028 69.97 69.97 CU 9402390490576 1/1/2004 12/1/2028 80.00 80.00 SF 9402390485842 11/1/2003 10/1/2028 61.98 61.98 SF 9402390488563 11/1/2003 10/1/2028 38.25 38.25 2F 9402390490587 1/1/2004 12/1/2028 80.00 80.00 SF 9402390488851 12/1/2003 11/1/2028 78.43 78.43 SF - ------------- 324 =============
Loan No Group - --------------------------- 9402390487857 2 9402390488072 2 9402390491668 2 9402390490664 2 9402390486222 2 9402390486223 2 9402390487803 2 9402390489566 2 9402390489152 2 9402390486620 2 9402390489304 2 9402390487455 2 9402390488062 2 9402390490576 2 9402390485842 2 9402390488563 2 9402390490587 2 9402390488851 2 - ------------- 324 =============
EX-99.2 4 f95495exv99w2.txt EXHIBIT 99.2 EXHIBIT 99.2 [Letterhead of Chapman and Cutler LLP] December 23, 2003 TO THE PARTIES LISTED ON SCHEDULE A HERETO Re: Sequoia Mortgage Trust 2003-7 Ladies and Gentlemen: You have requested our supplemental opinion in connection with certain federal income tax matters related to the transfer on December 23, 2003 of Subsequent Mortgage Loans to Sequoia Mortgage Trust 2003-7 (the "Trust Fund") pursuant to (a) that certain Pooling and Servicing Agreement, dated as of November 1, 2003 (the "Pooling and Servicing Agreement"), among Sequoia Residential Funding, Inc. (the "Depositor"), HSBC Bank USA, as Trustee, and Wells Fargo Bank Minnesota, National Association, as Master Servicer and Securities Administrator, and (b) that certain Mortgage Loan Purchase and Sale Agreement, dated as of November 1, 2003 (the "Mortgage Loan Purchase Agreement"), between RWT Holdings, Inc. and the Depositor. The $830,391,645 Sequoia Mortgage Trust 2003-7 Mortgage Pass-Through Certificates (the "Certificates") were issued pursuant to the Pooling and Servicing Agreement. Each capitalized term used but not defined herein has the meaning assigned thereto in the Pooling and Servicing Agreement. We have acted as special tax counsel to the Depositor in connection with the above transaction. In formulating our opinions, we have reviewed final copies, dated on or before the date hereof, of (i) the Prospectus for this transaction, (ii) the Pooling and Servicing Agreement and the forms of Certificates issued pursuant thereto, (iii) the Mortgage Loan Purchase Agreement, (iv) the Purchase Agreements and the Servicing Agreements, (v) the Acknowledgments, dated as of November 25, 2003, assigning rights under the Purchase Agreements and the Servicing Agreements, and (vi) such resolutions, certificates, records, and other documents provided by the Depositor as we have deemed necessary or appropriate as a basis for the opinions set forth below. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as originals or finals, the conformity to original documents of all documents submitted to us as certified, conformed or other copies, and the authenticity of the originals of such copies. In rendering our opinions, we have assumed that the transactions described in or contemplated by the foregoing documents have been and will be consummated in accordance with the terms of such operative documents, and that such documents accurately reflect the material facts of such transactions. Our opinion is also based on the Internal Revenue Code of 1986, as amended, administrative rulings, judicial decisions, Treasury regulations and other applicable authorities. The statutory provisions, regulations, and interpretations on which our opinion is based are subject to change, possibly TO THE PARTIES LISTED ON SCHEDULE A HERETO December 23, 2003 Page 2 retroactively. In addition, there can be no complete assurance that the Internal Revenue Service will not take positions contrary to the conclusions stated in our opinion. Based on the foregoing, we are of the opinion that, assuming (i) the making of a timely election to treat the Trust Fund as consisting of multiple, tiered REMICs, each comprised of the assets and interests specified in the Pooling and Servicing Agreement (and, in particular, excluding from the assets of each such REMIC the Reserve Fund, the Capitalized Interest Account, the Pre-Funding Accounts and the Additional Collateral) and (ii) compliance with the provisions of the Pooling and Servicing Agreement, the Mortgage Loan Purchase Agreement, the Purchase Agreements, the Servicing Agreements and the Acknowledgments, for federal income tax purposes: 1. each segregated asset pool for which the Pooling and Servicing Agreement directs the Trustee to make a REMIC election will continue to qualify as a REMIC within the meaning of Section 860D of the Code; 2. the Reserve Fund will continue to be an "outside reserve fund" that is beneficially owned by the Class X-1, Class X-2 and Class X-B Certificate Owners; and 3. the rights of the Certificate Owners with respect to the Reserve Fund will continue to represent, for federal income tax purposes, contractual rights that are separate from their regular interests within the meaning of Treasury Regulations Section 1.860G-2(i). Other than as expressly stated above, we express no opinion on any issue relating to the Depositor, the Trust Fund, or to any other securities issued by them, or under any law other than the federal income tax laws. TO THE PARTIES LISTED ON SCHEDULE A HERETO December 23, 2003 Page 3 We are furnishing this opinion to you solely in connection with the transfer of the Subsequent Mortgage Loans and it is not to be relied upon by any other person or for any other purpose without our express written permission. Very truly yours, /s/ Chapman and Cutler LLP SCHEDULE A Redwood Trust, Inc. One Belvedere Place Suite 300 Mill Valley, CA 94941 Sequoia Residential Funding, Inc. One Belvedere Place Suite 330 Mill Valley, CA 94941 Greenwich Capital Markets, Inc. 600 Steamboat Road Greenwich, CT 06830 Merrill Lynch, Pierce, Fenner & Smith Incorporated 4 World Financial Center, 10/F New York, NY 10080 Banc of America Securities LLC 214 North Tryon Street NC1-027-21-04 Charlotte, NC 28255 Morgan Stanley & Co. Incorporated 1585 Broadway New York, NY 10036 Wells Fargo Bank Minnesota, National Association 9062 Old Annapolis Road Columbia, MD 21045 HSBC Bank USA 452 Fifth Avenue New York, NY 10018 -----END PRIVACY-ENHANCED MESSAGE-----