-----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, EnInFQJKUMw43HZpucCcXQjPrahCSRW+nQqvG4gxdjwz10radFy7we/XGxt+w9Rc /UtJSiHyF/rNIQ6MzGF1EQ== 0000950149-04-000109.txt : 20040109 0000950149-04-000109.hdr.sgml : 20040109 20040109152809 ACCESSION NUMBER: 0000950149-04-000109 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031222 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040109 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: 04517841 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 f95559ae8vk.htm FORM 8-K e8vk
Table of Contents

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

December 22, 2003
Date of Report (Date of Earliest Event Reported)

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 2003-1, the Issuer of Mortgage Pass-
Through Certificates under a Pooling and Servicing Agreement
dated as of February 1, 2003)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-100520-01   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)

 

Item 5. Other Events
Item 7(c). Exhibits
SIGNATURE
EXHIBIT INDEX
Exhibit 10.1

Table of Contents

INFORMATION TO BE INCLUDED IN THE REPORT

Item 5. Other Events

      Sequoia Residential Funding, Inc. has previously registered the offer and sale of Mortgage Pass-Through Certificates issued by Sequoia Mortgage Trust 2003-1 (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, December 22, 2003.

 

Table of Contents

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: January 9, 2004

         
    SEQUOIA RESIDENTIAL FUNDING, INC.
         
    By:        /s/ Harold F. Zagunis
Harold F. Zagunis
Chief Financial Officer, Treasurer
and Secretary

 

Table of Contents

EXHIBIT INDEX

             
Exhibit Number     Page Number
   
10.1   Monthly Payment Date Statement relating to the distribution to Certificateholders, December 22, 2003 5  

  EX-10.1 3 f95559aexv10w1.txt EXHIBIT 10.1 EXHIBIT 10.1 CONTACT: CUSTOMER SERVICES -- CTSLINK WELLS FARGO BANK MINNESOTA, N.A. SECURITIES ADMINISTRATION SERVICES 7485 NEW HORIZON WAY FREDERICK, MD 21703 WWW.CTSLINK.COM TELEPHONE: (301) 815-6600 FAX: (301) 315-6660 SMT SERIES 2003-1 RECORD DATE: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending Class Pass- Certificate Interest Principal Current Certificate Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance - ----- --------- ----------- ------------ -------------- ------------ ------------ ------------- -------------- 1A 81743PAA4 SEN 1.50000% 715,264,944.88 894,081.18 7,438,196.95 0.00 707,826,747.93 2A 81743PAB2 SEN 1.59000% 173,824,519.51 230,317.49 1,775,548.74 0.00 172,048,970.77 X-1A 81743PAC0 IO 0.90308% 0.00 123,341.77 0.00 0.00 0.00 X-1B 81743PAD8 IO 1.10238% 0.00 506,515.26 0.00 0.00 0.00 X-2 81743PAE6 IO 1.02692% 0.00 148,752.92 0.00 0.00 0.00 X-B 81743PAF3 IO 0.56829% 0.00 7,532.16 0.00 0.00 0.00 A-R 81743PAG1 R 2.74583% 0.00 0.00 0.00 0.00 0.00 B-1 81743PAH9 SUB 2.00000% 15,905,000.00 26,508.33 0.00 0.00 15,905,000.00 B-2 81743PAJ5 SUB 2.56829% 8,210,000.00 17,571.36 0.00 0.00 8,210,000.00 B-3 81743PAK2 SUB 2.56829% 5,644,000.00 12,079.51 0.00 0.00 5,644,000.00 B-4 SEQ0301B4 SUB 2.56829% 2.565,000.00 5,489.71 0.00 0.00 2,565,000.00 B-5 SEQ0301B5 SUB 2.56829% 1,539,000.00 3,293.83 0.00 0.00 1,539,000.00 B-6 SEQ0301B6 SUR 2.56829% 4,105,618.00 8,787.00 0.00 0.00 4,105,618.00 -------------- ------------ ------------ ---- -------------- Totals 927,058,082.39 1,984,270.52 9,213,745.69 0.00 917,844,336.70 -------------- ------------ ------------ ---- -------------- Certificate Class Total Cumulative Class CUSIP Description Distribution Realized Loss - ----- --------- ----------- ------------- ------------- 1A 81743PAA4 SEN 8,332,278.13 0.00 2A 81743PAB2 SEN 2,005,866.23 0.00 X-1A 81743PAC0 IO 123,341.77 0.00 X-1B 81743PAD8 IO 506,515.26 0.00 X-2 81743PAE6 IO 148,752.92 0.00 X-B 81743PAF3 IO 7,532.16 0.00 A-R 81743PAG1 R 0.00 0.00 B-1 81743PAH9 SUB 26,508.33 0.00 B-2 81743PAJ5 SUB 17,571.36 0.00 B-3 81743PAK2 SUB 12,079.51 0.00 B-4 SEQ0301B4 SUB 5,489.71 0.00 B-5 SEQ0301B5 SUB 3,293.83 0.00 B-6 SEQ0301B6 SUB 8,787.00 0.00 ------------- ---- Totals 11,198,016.21 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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance - ----- ---------------- -------------- ------------ ------------ --------- -------- ------------- -------------- 1A 798,206,000.00 715,264,944.88 17.71 7,438,179.24 0.00 0.00 7,4387,196.95 707,826,747.93 2A 190,000,000.00 173,824,519.51 128.12 1,775,420.62 0.00 0.00 1,775,548.74 172,048,970.77 X-1A 0.00 0.00 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 0.00 0.00 X-2 0.00 0.00 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 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 15,905,000.00 B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 8,210,000.00 B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 5,644,000.00 B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 2,565,000.00 B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 1,539,000.00 B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 4,105,618.00 ---------------- -------------- ------ ------------ ---- ---- ------------- -------------- Totals 1,026,174,718.00 927,058,082.39 145.83 9,213,599.86 0.00 0.00 9,213,745.69 917,844,336.70 ---------------- -------------- ------ ------------ ---- ---- ------------- -------------- Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- 1A 0.88677202 7,438,196.95 2A 0.90552090 1,775,548.74 X-1A 0.00000000 0.00 X-1B 0.00000000 0.00 X-2 0.00000000 0.00 X-B 0.00000000 0.00 A-R 0.00000000 0.00 B-1 1.00000000 0.00 B-2 1.00000000 0.00 B-3 1.00000000 0.00 B-4 1.00000000 0.00 B-5 1.00000000 0.00 B-6 1.00000000 0.00 ----------- -------------- Totals 0.89443281 9,213,745.69 ----------- --------------
(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 Total Ending Original Face Certificate Principal Principal Realized Principal Certificate Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance - ----- -------------- -------------- ------------ ------------ ---------- ---------- ---------- ------------- 1A 798,206,000.00 896.09066441 0.00002219 9.31862106 0.00000000 0.00000000 9.31864324 886.77202117 2A 190,000,000.00 914.86589216 0.00067432 9.34431905 0.00000000 0.00000000 9.34499337 905.52089879 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000 Ending Certificate Total Principal Class Percentage Distribution - ----- ----------- --------------- 1A 0.88677202 9.31864324 2A 0.90552090 9.34499337 X-1A 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 X-2 0.00000000 0.00000000 X-B 0.00000000 0.00000000 A-R 0.00000000 0.00000000 B-1 1.00000000 0.00000000 B-2 1.00000000 0.00000000 B-3 1.00000000 0.00000000 B-4 1.00000000 0.00000000 B-5 1.00000000 0.00000000 B-6 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- Current Certificate/ Current Unpaid Current Supported Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution - ------ ---------------- ----------- -------------- ------------ ---------- --------- --------- -------- ------------- 1A 798,206,000.00 1.50000% 715,264,944.88 894,081.18 0.00 0.00 0.00 0.00 894,081.18 2A 190,000,000.00 1.59000% 173,824,519.51 230,317.49 0.00 0.00 0.00 0.00 230,317.49 X-1A 0.00 0.90308% 163,895,317.39 123,341.77 0.00 0.00 0.00 0.00 123,341.77 X-1B 0.00 1.10238% 551,369,628.48 506,515.26 0.00 0.00 0.00 0.00 506,515.26 X-2 0.00 1.02692% 173,824,519.51 148,752.92 0.00 0.00 0.00 0.00 148,752.92 X-B 0.00 0.56829% 15,905,000.00 7,532.16 0.00 0.00 0.00 0.00 7,532.16 A-R 100.00 2.74583% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B-1 15,905,000.00 2.00000% 15,905,000.00 26,508.33 0.00 0.00 0.00 0.00 26,508.33 B-2 8,210,000.00 2.56829% 8,210,000.00 17,571.36 0.00 0.00 0.00 0.00 17,571.36 B-3 5,644,000.00 2.56829% 5,644,000.00 12,079.51 0.00 0.00 0.00 0.00 12,079.51 B-4 2,565,000.00 2.56829% 2,565,000.00 5,489.71 0.00 0.00 0.00 0.00 5,489.71 B-5 1,539,000.00 2.56829% 1,539,000.00 3,293.83 0.00 0.00 0.00 0.00 3,293.83 B-6 4,105,618.00 2.56829% 4,105,618.00 8,787.00 0.00 0.00 0.00 0.00 8,787.00 ---------------- ------------ ---- ---- ---- ---- ------------ Totals 1,026,174,718.00 1,984,270.52 0.00 0.00 0.00 0.00 1,984,270.52 ---------------- ------------ ---- ---- ---- ---- ------------ Remaining Ending Unpaid Certificate/ Interest Notational Class Shortfall Balance - ------ --------- -------------- 1A 0.00 707,826,747.93 2A 0.00 172,048,970.77 X-1A 0.00 160,953,306.38 X-1B 0.00 546,873,442.54 X-2 0.00 172,048,970.77 X-B 0.00 15,905,000.00 A-R 0.00 0.00 B-1 0.00 15,905,000.00 B-2 0.00 8,210,000.00 B-3 0.00 5,644,000.00 B-4 0.00 2,565,000.00 B-5 0.00 1,539,000.00 B-6 0.00 4,105,618.00 ---- Totals 0.00 ----
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ---------- 1A 798,206,000.00 1.50000% 896.09066441 1.12011333 0.00000000 0.00000000 0.00000000 0.00000000 2A 190,000,000.00 1.59000% 914.86589216 1.21219732 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.90308% 894.73183047 0.67334326 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.10238% 896.49537726 0.82356475 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 1.02692% 914.86589216 0.78291011 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.56829% 1000.00000000 0.47357183 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.74583% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,905,000.00 2.00000% 1000.00000000 1.66666646 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,210,000.00 2.56829% 1000.00000000 2.14023873 0.00000000 0.00000000 0.00000000 0.00000000 B-3 5,644,000.00 2.56829% 1000.00000000 2.14023919 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,565,000.00 2.56829% 1000.00000000 2.14023782 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,539,000.00 2.56829% 1000.00000000 2.14024042 0.00000000 0.00000000 0.00000000 0.00000000 B-6 4,105,618.00 2.56829% 1000.00000000 2.14023808 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Unpaid Class Total Interest Interest Ending Certificate/ (5) Distribution Shortfall Notational Balance - ----- -------------- ---------- ------------------- 1A 1.12011333 0.00000000 886.77202117 2A 1.21219732 0.00000000 905.52089879 X-1A 0.67334326 0.00000000 878.67090245 X-1B 0.82356475 0.00000000 889.18483692 X-2 0.78291011 0.00000000 905.52089879 X-B 0.47357183 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.000000000 B-1 1.66666646 0.00000000 1000.00000000 B-2 2.14023873 0.00000000 1000.00000000 B-3 2.14023919 0.00000000 1000.00000000 B-4 2.14023782 0.00000000 1000.00000000 B-5 2.14024042 0.00000000 1000.00000000 B-6 2.14023808 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 11,497,542.91 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 671.43 Realized Losses 0.00 Prepayment Penalties 0.00 ------------- Total Deposits 11,498,214.34 Withdrawals Reimbursement for Servicer Advances 1,130.92 Payment of Service Fee 299,067.21 Payment of Interest and Principal 11,198,016.21 ------------- Total Withdrawals (Pool Distribution Amount) 11,498,214.34 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 291,341.72 Master Servicing Fee 7,725.49 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 299,067.21 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------------- Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 280,250.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ---------- -------- -------- -------- -------- 1 280,250.00 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 0.038197% 0.030533% 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% -------- ---------- -------- -------- -------- -------- 0.038197% 0.030533% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - -------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 1 280,250.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ---------- 0 0.00 1 280,250.00 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 0.038197% 0.030533% 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% 0.038197% 0.030533%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 671.43
Original $ Original% Current $ Current % Current Class % Prepayment % ---------------- ----------- -------------- ------------- --------------- ------------- Class A 1,026,174,618.00 99.99999026% 917,844,336.70 100.00000000% 95.863284% 0.000000% Class 1A 227,968,618.00 22.21538048% 210,017,588.77 22.88161297% 77.118387% 1,864.241537% Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 18.744896% 453.134667% Class X-1-A 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 0.000000% 0.000000% Class X-1-B 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 0.000000% 0.000000% Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 0.000000% 0.000000% Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.40385184% 1.732865% 41.889858% Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.50936465% 0.894487% 21.623120% Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.89444557% 0.614919% 14.864908% Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.61498642% 0.279459% 6.755579% Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.44731093% 0.167675% 4.053347% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.447311% 10.813188%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP POOL 1
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 1 280,250.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- ---------- -------- -------- -------- -------- 1 280,250.00 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 0.047893% 0.037949% 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% -------- -------- -------- -------- -------- -------- 0.047893% 0.037949% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ------------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0. 0.00 30 Days 1 280,250.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- ----------- 0 0.00 1 280,250.00 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 0.047893% 0.037949% 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% 0.047893% 0.037949%
POOL 2
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- -------- -------- -------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ---------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- -------- -------- -------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.955592% Weighted Average Net Coupon 2.578474% Weighted Average Pass-Through Rate 2.568474% Weighted Average Maturity (Stepdown Calculation) 317 Beginning Scheduled Collateral Loan Count 2,643 Number of Loans Paid in Full 25 Ending Scheduled Collateral Loan Count 2,618 Beginning Scheduled Collateral Balance 927,058,082.39 Ending Scheduled Collateral Balance 917,844,336.70 Ending Actual Collateral Balance at 28-Nov-2003 917,845,779.80 Monthly P&I Constant 2,283,483.56 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,116,754.31 Ending Scheduled Balance for Premium Loans 917,844,336.70 Scheduled Principal 145.83 Unscheduled Principal 9,213,599.86
MISCELLANEOUS REPORTING Cap Agreement Deposit - 1 month Libor Loan 0 Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL 6 Month Collateral Description Mixed ARM LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.944343 3.001918 2.955592 Weighted Average Net Rate 2.566711 2.626918 2.578474 Pass-Through Rate 2.556711 2.616918 2.568474 Weighted Average Maturity 315 323 317 Record Date 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 1,830,255.06 453,228.50 2,283,483.56 Beginning Loan Count 2,107 536 2,643 Loans Paid in Full 19 6 25 Ending Loan Count 2,088 530 2,618 Beginning Scheduled Balance 745,933,720.88 181,124,361.51 927,058,082.39 Ending Scheduled Balance 738,495,523.93 179,348,812.77 917,844,336.70 Scheduled Principal 17.71 128.12 145.83 Unscheduled Principal 7,438,179.24 1,775,420.62 9,213,599.86 Scheduled Interest 1,830,237.35 453,100.38 2,283,337.73 Servicing Fee 234,740.36 56,601.36 291,341.72 Master Servicing Fee 6,216.12 1,509.37 7,725.49 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 1,589,280.87 394,989.65 1,984,270.52 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group Pool 1 One Month Libor Loan Balance 167,927,104.35 Six Month Libor Loan Balance 570,568,419.58 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000% Group Pool 2 Six Month Libor Loan Balance 179,348,812.77 Senior Percent 100.000000% Senior Prepayment Percent 100.000000% Subordinate Percent 0.000000% Subordinate Prepayment Percent 0.000000%
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