-----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, Bn6yveJdeml697eAoQGPSktIV3kcbZT21bLTuHkE/SOtLBsiZdJuCGT5XlZtT9pV b+DyPaAQVsJ5g2a72LNNiA== 0000950149-04-000112.txt : 20040109 0000950149-04-000112.hdr.sgml : 20040109 20040109153004 ACCESSION NUMBER: 0000950149-04-000112 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: 04517859 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 f95559de8vk.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 2003-3, the Issuer of Mortgage Pass-
Through Certificates under a Pooling and Servicing Agreement
dated as of June 1, 2003)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-103634   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 2003-3 (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 f95559dexv10w1.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 2003-3 RECORD DATE: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Class CUSIP Description Through Rate Balance Distribution - ------------------------------------------------------------------------------------------------ A-1 81743PAT3 SEN 1.45000% 361,968,692.11 437,378.83 A-2 81743PAU0 SEN 1.34000% 142,372,192.62 158,982.28 X-1A 81743PAV8 IO 0.93526% 0.00 77,083.07 X-1B 81743PAW6 IO 1.20509% 0.00 264,182.22 X-2 81743PAX4 IO 1.30269% 0.00 154,555.10 X-B 81743PAY2 IO 0.82873% 0.00 6,267.28 A-R 81743PBA3 R 2.42138% 0.00 0.00 B-1 81743PBB1 SUB 1.77000% 9,075,000.00 13,385.62 B-2 81743PBC9 SUB 2.59873% 4,675,000.00 10,124.23 B-3 81743PBD7 SUB 2.59873% 2,475,000.00 5,359.88 B-4 81743PBE5 SUB 2.59873% 1,650,000.00 3,573.26 B-5 81743PBF2 SUB 2.59873% 825,000.00 1,786.63 B-6 81743PBG0 SUB 2.59873% 1,925,608.17 4,170.12 - ----------------------------------------------------------------------------------------------- Totals 524,966,492.90 1,136,848.52 - ----------------------------------------------------------------------------------------------- Principal Current Ending Certificate Total Cumulative Class CUSIP Distribution Realized Loss Balance Distribution Realized Loss - ---------------------------------------------------------------------------------------------------------------------- A-1 81743PAT3 4,434,275.50 0.00 357,534,416.61 4,871,654.33 0.00 A-2 81743PAU0 1,283,519.85 0.00 141,088,672.77 1,442,502.13 0.00 X-1A 81743PAV8 0.00 0.00 0.00 77,083.07 0.00 X-1B 81743PAW6 0.00 0.00 0.00 264,182.22 0.00 X-2 81743PAX4 0.00 0.00 0.00 154,555.10 0.00 X-B 81743PAY2 0.00 0.00 0.00 6,267.28 0.00 A-R 81743PBA3 0.00 0.00 0.00 0.00 0.00 B-1 81743PBB1 0.00 0.00 9,075,000.00 13,385.62 0.00 B-2 81743PBC9 0.00 0.00 4,675,000.00 10,124.23 0.00 B-3 81743PBD7 0.00 0.00 2,475,000.00 5,359.88 0.00 B-4 81743PBE5 0.00 0.00 1,650,000.00 3,573.26 0.00 B-5 81743PBF2 0.00 0.00 825,000.00 1,786.63 0.00 B-6 81743PBG0 0.00 0.00 1,925,608.17 4,170.12 0.00 - ------------------------------------------------------------------------------------------------------------------- Totals 5,717,795.35 0.00 519,248,697.55 6,854,643.87 0.00 - -------------------------------------------------------------------------------------------------------------------
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - -------------------------------------------------------------------------------------------------------------------- A-1 379,455,000.00 361,968,692.11 0.00 4,434,275.50 0.00 A-2 149,922,000.00 142,372,192.62 0.00 1,283,519.85 0.00 X-1A 0.00 0.00 0.00 0.00 0.00 X-1B 0.00 0.00 0.00 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 B-1 9,075,000.00 9,075,000.00 0.00 0.00 0.00 B-2 4,675,000.00 4,675,000.00 0.00 0.00 0.00 B-3 2,475,000.00 2,475,000.00 0.00 0.00 0.00 B-4 1,650,000.00 1,650,000.00 0.00 0.00 0.00 B-5 825,000.00 825,000.00 0.00 0.00 0.00 B-6 1,925,608.17 1,925,608.17 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------ Totals 550,002,708.17 524,966,492.90 0.00 5,717,795.35 0.00 - ------------------------------------------------------------------------------------------------------------------ Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (1) Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------------------------------------- A-1 0.00 4,434,275.50 357,534,416.61 0.94223140 4,434,275.50 A-2 0.00 1,283,519.85 141,088,672.77 0.94108051 1,283,519.85 X-1A 0.00 0.00 0.00 0.00000000 0.00 X-1B 0.00 0.00 0.00 0.00000000 0.00 X-2 0.00 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00 0.00000000 0.00 B-1 0.00 0.00 9,075,000.00 1.00000000 0.00 B-2 0.00 0.00 4,675,000.00 1.00000000 0.00 B-3 0.00 0.00 2,475,000.00 1.00000000 0.00 B-4 0.00 0.00 1,650,000.00 1.00000000 0.00 B-5 0.00 0.00 825,000.00 1.00000000 0.00 B-6 0.00 0.00 1,925,608.17 1.00000000 0.00 - ------------------------------------------------------------------------------------------------------------------------- Totals 0.00 5,717,795.35 519,248,697.55 0.94408389 5,717,795.35 - -------------------------------------------------------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Class Amount Balance Distribution Distribution Accretion - --------------------------------------------------------------------------------------------------------------------- A-1 379,455,000.00 953.91730801 0.00000000 11.68590610 0.00000000 A-2 149,922,000.00 949.64176562 0.00000000 8.56125085 0.00000000 X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,075,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 4,675,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-3 2,475,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-4 1,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-5 825,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-6 1,925,608.17 1000.00000000 0.00000000 0.00000000 0.00000000 Realized Total Principal Ending Certificate Ending Certificate Total Principal Class Loss (3) Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------------------------------------------- A-1 0.00000000 11.68590610 942.23140191 0.94223140 11.68590610 A-2 0.00000000 8.56125085 941.08051367 0.94108051 8.56125085 X-1A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 0.00000000 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ---------------------------------------------------------------------------------------------------------------------------- A-1 379,455,000.00 1.45000% 361,968,692.11 437,378.84 0.00 0.00 A-2 149,922,000.00 1.34000% 143,372,192.62 158,982.28 0.00 0.00 X-1A 0.00 0.93526% 98,902,597.89 77,083.07 0.00 0.00 X-1B 0.00 1.20509% 263,066,094.22 264,182.22 0.00 0.00 X-2 0.00 1.30269% 142,372,192.62 154,555.10 0.00 0.00 X-B 0.00 0.82873% 9,075,000.00 6,267.28 0.00 0.00 A-R 100.00 2.42138% 0.00 0.00 0.00 0.00 B-1 9,075,000.00 1.77000% 9,075,000.00 13,385.63 0.00 0.00 B-2 4,675,000.00 2.59873% 4,675,000.00 10,124.23 0.00 0.00 B-3 2,475,000.00 2.59873% 2,475,000.00 5,359.88 0.00 0.00 B-4 1,650,000.00 2.59873% 1,650,000.00 3,573.26 0.00 0.00 B-5 825,000.00 2.59873% 825,000.00 1,786.63 0.00 0.00 B-6 1,925,608.17 2.59873% 1,925,608.17 4,170.12 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------- Totals 550,002,708.17 1,136,848.54 0.00 0.00 - -------------------------------------------------------------------------------------------------------------------------- Non- Remaining Ending Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------------------------------------------------------ A-1 0.00 0.00 437,378.83 0.00 357,534,416.61 A-2 0.00 0.00 158,982.28 0.00 141,088,672.77 X-1A 0.00 0.00 77,083.07 0.00 96,981,099.84 X-1B 0.00 0.00 264,182.22 0.00 260,553,316.77 X-2 0.00 0.00 154,555.10 0.00 141,088,672.77 X-B 0.00 0.00 6,267.28 0.00 9,075,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,385.62 0.00 9,075,000.00 B-2 0.00 0.00 10,124.23 0.00 4,675,000.00 B-3 0.00 0.00 5,359.88 0.00 2,475,000.00 B-4 0.00 0.00 3,573.26 0.00 1,650,000.00 B-5 0.00 0.00 1,786.63 0.00 825,000.00 B-6 0.00 0.00 4,170.12 0.00 1,925,608.17 - ------------------------------------------------------------------------------------------------------------ Totals 0.00 0.00 1,136,848.52 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 Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - ------------------------------------------------------------------------------------------------------------------------------------ A-1 379,455,000.00 1.45000% 953.91730801 1.15265009 0.00000000 0.00000000 0.00000000 A-2 149,922,000.00 1.34000% 949.64176452 1.06043329 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.93526% 980.86891469 0.76447322 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.20509% 944.16373305 0.94816959 0.00000000 0.00000000 0.00000000 X-2 0.00 1.30269% 949.64176452 1.03090340 0.00000000 0.00000000 0.00000000 X-B 0.00 0.82873% 1000.00000000 0.69060937 0.00000000 0.00000000 0.00000000 A-R 100.00 2.42138% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,075,000.00 1.77000% 1000.00000000 1.47500055 0.00000000 0.00000000 0.00000000 B-2 4,675,000.00 2.59873% 1000.00000000 2.16561070 0.00000000 0.00000000 0.00000000 B-3 2,475,000.00 2.59873% 1000.00000000 2.16560808 0.00000000 0.00000000 0.00000000 B-4 1,650,000.00 2.59873% 1000.00000000 2.16561212 0.00000000 0.00000000 0.00000000 B-5 825,000.00 2.59873% 1000.00000000 2.16561212 0.00000000 0.00000000 0.00000000 B-6 1,925,608.17 2.59873% 1000.00000000 2.16561192 0.00000000 0.00000000 0.00000000 Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class Loss (6) Distribution Shortfall Notational Balance - ---------------------------------------------------------------------------------------------- A-1 0.00000000 1.15265006 0.00000000 942.23140191 A-2 0.00000000 1.06043329 0.00000000 941.08051367 X-1A 0.00000000 0.76447322 0.00000000 961.81241115 X-1B 0.00000000 0.94816959 0.00000000 935.14518832 X-2 0.00000000 1.03090340 0.00000000 941.08051367 X-B 0.00000000 0.69060937 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.47499945 0.00000000 1000.00000000 B-2 0.00000000 2.16561070 0.00000000 1000.00000000 B-3 0.00000000 2.16560808 0.00000000 1000.00000000 B-4 0.00000000 2.16561212 0.00000000 1000.00000000 B-5 0.00000000 2.16561212 0.00000000 1000.00000000 B-6 0.00000000 2.16561192 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 7,022,158.88 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 7,592.67 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 7,029,751.55 Withdrawals Reimbursement for Servicer Advances 6,214.78 Payment of Service Fee 168,892.90 Payment of Interest and Principal 6,854,643.87 ------------ Total Withdrawals (Pool Distribution Amount) 7,029,751.55 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 164,518.17 Master Servicing Fee 4,374.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 168,892.90 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------ --------- ----------- -------- -------- Reserve Fund 5,000.00 0.00 0.00 5,000.00 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Reserve Fund 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 11 3,298,330.51 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 ------------------------- -------------------- -------------------- 11 3,298,330.51 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 0.720839% 0.635211% 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% ----------------------- -------------------- -------------------- 0.720839% 0.635211% 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 11 3,298,330.51 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 11 3,298,330.51 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 0.720839% 0.635211% 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% 0.720839% 0.635211%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 7,592.67
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ Original % Current $ Current % Current Class % Prepayment % ------------- ---------- ------------- ---------- --------------- ------------ Class A 20,625,608.17 3.75009211% 20,625,608.17 3.97220220% 96.027798% 0.000000% Class X-1-A 20,625,608.17 3.75009211% 20,625,608.17 3.97220220% 0.000000% 0.000000% Class X-1-B 20,625,608.17 3.75009211% 20,625,608.17 3.97220220% 0.000000% 0.000000% Class X-2 20,625,608.17 3.75009211% 20,625,608.17 3.97220220% 0.000000% 0.000000% Class B-1 11,550,608.17 2.10010024% 11,550,608.17 2.22448477% 1.747717% 43.998703% Class B-2 6,875,608.17 1.25010442% 6,875,608.17 1.32414548% 0.900339% 22.665998% Class B-3 4,400,608.17 0.80010664% 4,400,608.17 1.32414548% 0.476650% 11.999646% Class B-4 2,750,608.17 0.50010811% 2,750,608.17 0.84749527% 0.317767% 7.999764% Class B-5 1,925,608.17 0.35010885% 1,925,608.17 0.37084507% 0.158883% 3.999882% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.370845% 9.336007%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP GROUP 1
DELINQUENT BANKRUPTCY FORECLOSURE - ---------------------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 9 2,744,912.18 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 ------------------------- ------------------- ----------------- 9 2,744,912.18 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 0.831025% 0.737248% 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% -------------------------- -------------------- --------------------- 0.831025% 0.737248% 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 9 2,744,912.18 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 9 2,744,912.18 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 0.831025% 0.737248% 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% 0.831025% 0.737248% -------------------- -----------------------
GROUP 2
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------------ No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 2 533,418.33 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 --------------------- ------------------- -------------------- 2 533,418.33 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 0.451467% 0.376653% 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% ---------------------- -------------------- --------------------- 0.451467% 0.376653% 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 2 533,418.33 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 2 533,418.33 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 0.451467% 0.376653% 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% 0.451467% 0.376653% -------------------- ---------------------
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.984742% Weighted Average Net Coupon 2.608677% Weighted Average Pass-Through Rate 2.598677% Weighted Average Maturity (Stepdown Calculation) 352 Beginning Scheduled Collateral Loan Count 1,539 Number of Loans Paid in Full 13 Ending Scheduled Collateral Loan Count 1,526 Beginning Scheduled Collateral Balance 524,966,492.90 Ending Scheduled Collateral Balance 519,248,697.55 Ending Actual Collateral Balance at 38-Nov-2003 519,249,281.55 Monthly P&I Constant 1,305,741.42 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,809,976.86 Ending Scheduled Balance for Premium Loans 519,248,697.55 Scheduled Principal 0.00 Unscheduled Principal 5,717,795.35
MISCELLANEOUS REPORTING Group 1 One Month Libor Loan Balance 100,991,225.40 Group 1 Six Month Libor Loan Balance 271,327,081.08 Group 2 Six Month Libor Loan Balance 146,930,391.07 Pro-Rata Senior Percent 96.071062% Group 1 Senior Percent 100.000000% Group 2 Senior Percent 100.000000% Group 1 Senior Prepayment Percent 100.000000% Group 2 Senior Prepayment Percent 100.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 2.967849 3.027685 2.984742 Weighted Average Net Rate 2.591364 2.652685 2.608677 Pass-Through Rate 2.581364 2.642685 2.598677 Weighted Average Maturity 327 331 352 Record Date 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 931,787.22 373,954.20 1,305,741.42 Beginning Loan Count 1,092 447 1,539 Loans Paid in Full 9 4 13 Ending Loan Count 1,083 443 1,526 Beginning Scheduled Balance 376,752,581.98 148,213,910.92 524,966,492.90 Ending Scheduled Balance 372,318,306.48 146,930,391.07 519,248,697.55 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,434,275.50 1,283,519.85 5,717,795.35 Scheduled Interest 931,787.22 373,954.20 1,305,741.42 Servicing Fee 118,201.33 46,316.84 164,518.17 Master Servicing Fee 3,139.61 1,235.12 4,374.73 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 810,446.28 326,402.24 1,136,848.52 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
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