-----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, DWntThGmV1mfjdPNI3ZmBurF5abAblClMSUhOzML5+RR9wqCyMRrahBGQuJxxebf X67m7PTW4k9rkUcU75up1w== 0000950149-04-000117.txt : 20040109 0000950149-04-000117.hdr.sgml : 20040109 20040109153343 ACCESSION NUMBER: 0000950149-04-000117 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: 04517879 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 f95559ie8vk.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 9, the Issuer of Mortgage Pass-Through
Certificates under a Pooling and Servicing Agreement dated as of August 1, 2002)

SEQUOIA RESIDENTIAL FUNDING, INC.

(Exact Name of Registrant as Specified in Its Charter)
         
Delaware   333-90772   35-2170972
 
 
(State or Other Jurisdiction of Incorporation)   (Commission File Number)   (I.R.S. Employer Identification No.)

One Belvedere Place, Suite 330, Mill Valley, CA 94941

(Address of Principal Executive Offices)

(415) 381-1765

(Registrant’s Telephone Number,
Including Area Code)

591 Redwood Highway, Suite 3160, Mill Valley, CA 94941

(Former Name or Former Address, if Changed Since Last Report)

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 9 “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 f95559iexv10w1.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 2002-9 RECORD DATE: NOVEMBER 28, 2003 DISTRIBUTION DATE: DECEMBER 22, 2003 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss ----- ----- ----------- ------------ ------- ------------ ------------ ------------- 1A 81743SAA8 SEN 1.47000% 337,139,971.16 412,996.46 2,553,221.00 0.00 2A 81743SAB6 SEN 2.73939% 121,286,527.66 276,875.65 1,362,159.60 0.00 X-1A 81743SAC4 IO 0.97588% 0.00 146,671.22 0.00 0.00 X-1B 81743SAD2 IO 1.04167% 0.00 136,098.49 0.00 0.00 X-B 81743SAE0 IO 0.68712% 0.00 4,410.15 0.00 0.00 A-R 81743SAF7 SEN 3.16053% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 1.87000% 7,702,000.00 12,002.28 0.00 0.00 B-2 81743SAH3 SUB 2.55712% 4,564,000.00 9,725.37 0.00 0.00 B-3 81743SAJ9 SUB 2.55712% 3,424,000.00 7,296.31 0.00 0.00 B-4 SMT0209B4 SUB 2.55712% 1,426,000.00 3,038.71 0.00 0.00 B-5 SMR0209B5 SUB 2.55712% 856,000.00 1,824.08 0.00 0.00 B-6 SMT0209B6 SUB 2.55712% 1,997,086.78 4,255.66 0.00 0.00 - ------ --------- ----------- ------- -------------- ------------ ------------ ---- Totals 478,395,585.60 1,015,194.58 3,915,380.60 0.00 Ending Certificate Total Cumulative Class Balance Distribution Realized Loss ----- ------- ------------ ------------- 1A 334,586,750.16 2,966,217.46 0.00 2A 119,924,368.06 1,639,035.25 0.00 X-1A 0.00 146,671.22 0.00 X-1B 0.00 136,098.49 0.00 X-B 0.00 4,410.15 0.00 A-R 0.00 0.00 0.00 B-1 7,702,000.00 12,002.28 0.00 B-2 4,564,000.00 9,725.57 0.00 B-3 3,424,000.00 7,296.31 0.00 B-4 1,426,000.00 3,038.71 0.00 B-5 856,000.00 1,824.08 0.00 B-6 1,997,086.78 4,255.66 0.00 - ------ -------------- ------------ ---- Totals 474,480,205.00 4,930,575.18 0.00
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee. PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction ----- ------ ------- ------------ ------------ --------- -------- --------- 1A 381,698,000.00 337,139,971.16 0.00 2,553,221.00 0.00 0.00 2,553,221.00 2A 168,875,000.00 121,286,527.66 0.00 1,362,159.60 0.00 0.00 1,362,159.60 X-1A 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 X-B 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 B-1 7,702,000.00 7,702,000.00 0.00 0.00 0.00 0.00 0.00 B-2 4,564,000.00 4,564,000.00 0.00 0.00 0.00 0.00 0.00 B-3 3,424,000.00 3,424,000.00 0.00 0.00 0.00 0.00 0.00 B-4 1,426,000.00 1,426,000.00 0.00 0.00 0.00 0.00 0.00 B-5 856,000.00 856,000.00 0.00 0.00 0.00 0.00 0.00 B-6 1,997,086.78 1,997,086.78 0.00 0.00 0.00 0.00 0.00 - ------ -------------- -------------- ---- ------------ ---- ---- ------------ Totals 570,533,186.78 478,395,585.60 0.00 3,915,380.60 0.00 0.00 3,915,380.60 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution ----- ------- ---------- ------------ 1A 334,586,750.16 0.87659521 2,553,221.00 2A 119,924,368.06 0.71013689 1,362,159.60 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 7,702,000.00 1.00000000 0.00 B-2 4,564,000.00 1.00000000 0.00 B-3 3,424,000.00 1.00000000 0.00 B-4 1,426,000.00 1.00000000 0.00 B-5 856,000.00 1.00000000 0.00 B-6 1,997,086.78 1.00000000 0.00 - ------ -------------- ---------- ------------ Totals 474,480,205.00 0.83164348 3,915,380.60
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Total Principal Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction - ----- ------ ------- ------------ ------------ --------- -------- --------- 1A 381,698,000.00 883.28448334 0.00000000 6.68927058 0.00000000 0.00000000 6.68927058 2A 168,875,000.00 718.20297652 0.00000000 8.06608201 0.00000000 0.00000000 8.06608210 X-1A 0.00 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 X-B 0.00 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 B-1 7,702,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ----- ------- ---------- ------------ 1A 876.59521275 0.87659521 6.68927058 2A 710.13689451 0.71013689 8.06608201 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1000.00000000 1.00000000 0.00000000 B-2 1000.00000000 1.00000000 0.00000000 B-3 1000.00000000 1.00000000 0.00000000 B-4 1000.00000000 1.00000000 0.00000000 B-5 1000.00000000 1.00000000 0.00000000 B-6 1000.00000000 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Original Face Current Notional Accrued Interest Interest Interest Realized Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) - ------------------------------------------------------------------------------------------------------------------------ 1A 381,698,000.00 1.47000% 337,139,971.16 412,996.46 0.00 0.00 0.00 0.00 2A 168,875,000.00 2.73939% 121,286,527.66 276,875.65 0.00 0.00 0.00 0.00 X-1A 0.00 0.97588% 180,354,893.65 146,671.22 0.00 0.00 0.00 0.00 X-1B 0.00 1.04167% 156,785,077.51 136,098.49 0.00 0.00 0.00 0.00 X-B 0.00 0.68712% 7,702,000.00 4,410.15 0.00 0.00 0.00 0.00 A-R 100.00 3.16053% 0.00 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.87000% 7,702,000.00 12,002.28 0.00 0.00 0.00 0.00 B-2 4,564,000.00 2.55712% 4,564,000.00 9,725.57 0.00 0.00 0.00 0.00 B-3 3,424,000.00 2.55712% 3,424,000.00 7,296.31 0.00 0.00 0.00 0.00 B-4 1,426,000.00 2.55712% 1,426,000.00 3,038.71 0.00 0.00 0.00 0.00 B-5 856,000.00 2.55712% 856,000.00 1,824.08 0.00 0.00 0.00 0.00 B-6 1,997,086.78 2.55712% 1,997,086.78 4,255.66 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ Totals 570,533,186.78 1,015,194.58 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------ Remaining Ending Unpaid Certificate/ Total Interest Interest Notational Class Distribution Shortfall Balance - ------------------------------------------------------------- 1A 412,996.46 0.00 334,586,750.16 2A 276,875.65 0.00 119,924,368.06 X-1A 146,671.22 0.00 178,341,526.65 X-1B 136,098.49 0.00 156,245,223.51 X-B 4,410.15 0.00 7,702,000.00 A-R 0.00 0.00 0.00 B-1 12,002.28 0.00 7,702,000.00 B-2 9,725.57 0.00 4,564,000.00 B-3 7,296.31 0.00 3,424,000.00 B-4 3,038.71 0.00 1,426,000.00 B-5 1,824.08 0.00 856,000.00 B-6 4,255.66 0.00 1,997,086.78 - ------------------------------------------------------------- Totals 1,015,194.58 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
Beginning Payment of Non- Certificate/ Current Unpaid Current Supported Class Original Face Current Notional Accrued Interest Interest Interest Realized (5) Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall Loss (6) - ------------------------------------------------------------------------------------------------------------------------------------ 1A 381,698,000.00 1.47000% 883.28448334 1.08202348 0.00000000 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 2.73939% 718.20297652 1.63953013 0.00000000 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.97588% 885.10593006 0.71980063 0.00000000 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.04167% 881.19846481 0.76493109 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.68712% 1000.00000000 0.57259803 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 3.16053% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.87000% 1000.00000000 1.55833290 0.00000000 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.55712% 1000.00000000 2.13093120 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.55712% 1000.00000000 2.13093166 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.55712% 1000.00000000 2.13093268 0.00000000 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.55712% 1000.00000000 2.13093458 0.00000000 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.55712% 1000.00000000 2.13093394 0.00000000 0.00000000 0.00000000 0.00000000 Remaining Ending Unpaid Certificate/ Class Total Interest Interest Notational (5) Distribution Shortfall Balance - ------------------------------------------------------------- 1A 1.08202348 0.00000000 876.59521275 2A 1.63953013 0.00000000 710.13689451 X-1A 0.71980063 0.00000000 875.22517199 X-1B 0.76493109 0.00000000 878.16425694 X-B 0.57259803 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 B-1 1.55833290 0.00000000 1000.00000000 B-2 2.13093120 0.00000000 1000.00000000 B-3 2.13093166 0.00000000 1000.00000000 B-4 2.13093268 0.00000000 1000.00000000 B-5 2.13093458 0.00000000 1000.00000000 B-6 2.13093394 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 5,083,880.51 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 5,083,880.51 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 153,305.33 Payment of Interest and Principal 4,930,575.18 ------------ Total Withdrawals (Pool Distribution Amount) 5,083,880.51 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 149,717.37 Master Servicing Fee 3,587.96 Supported Prepayment/Curtailment Interest Shortfall 0.00 ------------ Net Servicing Fee 153,305.33 ============
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ------------------------------------------------------------------------------------------------------------ X-1 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 0.00 0.00 5,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE REO - ------------------------------------------------------------------------------------------------------------------------------------ No. of Principal No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 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 30 Days 0 0.00 60 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 90 Days 0 0.00 120 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 0.00 150 Days 0 0.00 180+ 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 0 0.00 No. of Principal No. of Principal No. of Principal No. of Principal Loans Balance 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% 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% 30 Days 0.000000% 0.000000% 60 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% 90 Days 0.000000% 0.000000% 120 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% 150 Days 0.000000% 0.000000% 180+ 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% 0.000000% 0.000000% TOTAL - ------------------------------------ No. of Principal Loans Balance 0-29 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 -------- ------- 0 0.00 No. of Principal Loans Balance 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- 0.000000% 0.000000%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original % Current $ Current % Current Class % Prepayment % ---------- ---------- --------- --------- --------------- ------------ Class A 570,533,086.78 99.99998247% 474,480,205.00 100.00000000% 95.791376% 0.000000% Class 1A 188,844,086.78 33.09957968% 139,893,454.84 29.48351762% 70.516482% 1,675.523542% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.20862379% 25.274894% 600.550087% Class X-1-A 19,969,086.78 3.50007453% 19,969,086.78 4.20862379% 0.000000% 0.000000% Class X-1-B 19,969,086.78 3.50007453% 19,969,086.78 4.20862379% 0.000000% 0.000000% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.5837377% 1.623250% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.62347906% 0.961895% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.90184727% 0.721632% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.60130786% 0.300539% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.42089992% 0.180408% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.420900% 10.000892%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.01752746% 100,000.00 0.02107569% Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.08226729% Special Hazard 6,000,000.00 1.05164785% 5,997,988.72 1.26411780%
Limit of subordinate's exposure to certain types of losses DELINQUENCY STATUS BY GROUP GROUP 1
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+Days 0 0.00 180+ Days 0 0.00 -------- ------- -------- -------- -------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ----------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+Days 0 0.00 -------- ------- --------- --------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000%
GROUP 2
DELINQUENT BANKRUPTCY FORECLOSURE - --------------------------------------------------------------------------------------------------- No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 -------- --------- -------- -------- --------- --------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% REO TOTAL - ---------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ------- -------- -------- ---------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------- -------- -------- -------- 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.931047% Weighted Average Net Coupon 2.555498% Weighted Average Pass-Through Rate 2.546498% Weighted Average Maturity (Stepdown Calculation) 317 Beginning Scheduled Collateral Loan Count 1,311 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 1,301 Beginning Scheduled Collateral Balance 478,395,585.61 Ending Scheduled Collateral Balance 474,480,205.01 Ending Actual Collateral Balance at 28-Nov-2003 474,478,598.82 Monthly P&I Constant 1,168,499.92 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,888,022.42 Ending Scheduled Balance for Premium Loans 474,480,205.01 Scheduled Principal 0.00 Unscheduled Principal 3,915,380.60
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.825821% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 TOTAL Collateral Description Mixed ARM 6 Month ARM Mixed ARM Weighted Average Coupon Rate 2.861225 3.123387 2.931047 Weighted Average Net Rate 2.485477 2.748387 2.555498 Pass-Through Rate 2.476477 2.739387 2.546498 Weighted Average Maturity 301 343 317 Record Date 11/28/2003 11/28/2003 11/28/2003 Principal and Interest Constant 836,870.29 331,629.63 1,168,499.92 Beginning Loan Count 925 386 1,311 Loans Paid in Full 5 5 10 Ending Loan Count 920 381 1,301 Beginning Scheduled Balance 350,984,057.95 127,411,527.66 478,395,585.61 Ending Scheduled Balance 348,430,836.95 126,049,368.06 474,480,205.01 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,553,221.00 1,362,159.60 3,915,380.60 Scheduled Interest 836,870.29 331,629.63 1,168,499.92 Servicing Fee 109,901.27 39,816.10 149,717.37 Master Servicing Fee 2,632.37 955.59 3,587.96 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 724,336.65 290,857.94 1,015,194.59 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING Group 1 One Month LIBOR Loans 185,720,705.81 Six Month LIBOR Loans 162,710,131.14
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