-----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, A1IDDU40/dk93vsdLNurOjSQoZVANG5OtnfQOjm3sQHcdx5FNoaVJkitvNOuZgUF Gi3nkCEKCwKb7Lc+kG/+og== 0000950149-04-000323.txt : 20040209 0000950149-04-000323.hdr.sgml : 20040209 20040206184446 ACCESSION NUMBER: 0000950149-04-000323 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040120 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040209 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: 04575618 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 f96263be8vk.htm CURRENT REPORT 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

January 20, 2004
Date of Report (Date of Earliest Event Reported)

SEQUOIA RESIDENTIAL FUNDING, INC.
(as Depositor of Sequoia Mortgage Trust 8, the Issuer of Mortgage Pass-Through
Certificates under a Pooling and Servicing Agreement dated as of July 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 8 (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, January 20, 2004.

 

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: February 6, 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, January 20, 2004     5  

  EX-10.1 3 f96263bexv10w1.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 2002-8 RECORD DATE: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - ---------------------------------------------------------------------------------------------------------------- 1-A1 81743RAA0 SEN 1.27875% 0.00 0.00 0.00 1-A2 81743RAB8 SEN 3.45500% 32,416,097.72 93,331.35 2,552,788.45 2A 81743RAC6 SEN 1.44875% 381,676,551.11 460,794.92 4,357,876.98 3A 81743RAD4 SEN 2.97527% 37,954,852.90 94,104.80 1,522,001.24 X-1 81743RAE2 IO 1.78469% 0.00 48,217.59 0.00 X-2A 81743RAFf9 IO 0.99239% 0.00 129,460.42 0.00 X-2B 81743AFG7 IO 1.11858% 0.00 209,870.56 0.00 X-B 81743RAH5 IO 1.21478% 0.00 9,187.60 0.00 A-R 81743RAJ1 SEN 5.37281% 0.00 0.00 0.00 B-1 81743RAK8 SUB 1.82375% 9,069,000.00 13,782.99 0.00 B-2 81743RAL6 SUB 3.03853% 5,505,000.00 13,939.25 0.00 B-3 81743RAM4 SUB 3.03853% 3,886,000.00 9,839.77 0.00 B-4 SMT0208B4 SUB 3.03853% 1,618,000.00 4,096.95 0.00 B-5 SMT0208B5 SUB 3.03853% 970,000.00 2,456.14 0.00 B-6 SMT0208B6 SUB 3.03853% 2,306,324.82 5,839.86 0.00 - ---------------------------------------------------------------------------------------------------------------- Totals 475,401,826.55 1,094,922.20 8,432,666.67 - ----------------------------------------------------------------------------------------------------------------
Ending Current Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - ------------------------------------------------------------------------------------------------ 1-A1 81743RAA0 0.00 0.00 0.00 0.00 1-A2 81743RAB8 0.00 29,863,309.27 2,646,119.80 0.00 2A 81743RAC6 0.00 377,318,674.13 4,818,671.90 0.00 3A 81743RAD4 0.00 36,432,851.66 1,616,106.04 0.00 X-1 81743RAE2 0.00 0.00 48,217.59 0.00 X-2A 81743RAFf9 0.00 0.00 129,460.42 0.00 X-2B 81743AFG7 0.00 0.00 209,870.56 0.00 X-B 81743RAH5 0.00 0.00 9,187.60 0.00 A-R 81743RAJ1 0.00 0.00 0.00 0.00 B-1 81743RAK8 0.00 9,069,000.00 13,782.99 0.00 B-2 81743RAL6 0.00 5,505,000.00 13,939.25 0.00 B-3 81743RAM4 0.00 3,886,000.00 9,839.77 0.00 B-4 SMT0208B4 0.00 1,618,000.00 4,096.95 0.00 B-5 SMT0208B5 0.00 970,000.00 2,456.14 0.00 B-6 SMT0208B6 0.00 2,306,324.82 5,839.86 0.00 - ------------------------------------------------------------------------------------------------ Totals 0.00 466,969,159.88 9,527,588.87 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 Realized Class Amount Balance Distribution Distribution Accretion Loss (1) - ------------------------------------------------------------------------------------------------------ 1-A1 50,000,000.00 0.00 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 32,416,097.72 0.00 2,552,788.45 0.00 0.00 2A 463,097,000.00 381,676,551.11 0.00 4,357,876.98 0.00 0.00 3A 49,973,000.00 37,954,852.90 0.00 1,522,001.24 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 X-2A 0.00 0.00 0.00 0.00 0.00 0.00 X-2B 0.00 0.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 B-1 9,069,000.00 9,069,000.00 0.00 0.00 0.00 0.00 B-2 5,505,000.00 5,505,000.00 0.00 0.00 0.00 0.00 B-3 3,886,000.00 3,886,000.00 0.00 0.00 0.00 0.00 B-4 1,618,000.00 1,618,000.00 0.00 0.00 0.00 0.00 B-5 970,000.00 970,000.00 0.00 0.00 0.00 0.00 B-6 2,306,324.82 2,306,324.82 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------ Totals 647,892,424.82 475,401,826.55 0.00 8,432,666.67 0.00 0.00 - ------------------------------------------------------------------------------------------------------
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------- 1-A1 0.00 0.00 0.00000000 0.00 1-A2 2,552,788.45 29,863,309.27 0.48583506 2,552,788.45 2A 4,357,876.98 377,318,674.13 0.81477244 4,357,876.98 3A 1,522,001.24 36,432,851.66 0.72905072 1,522,001.24 X-1 0.00 0.00 0.00000000 0.00 X-2A 0.00 0.00 0.00000000 0.00 X-2B 0.00 0.00 0.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 B-1 0.00 9,069,000.00 1.00000000 0.00 B-2 0.00 5,505,000.00 1.00000000 0.00 B-3 0.00 3,886,000.00 1.00000000 0.00 B-4 0.00 1,618,000.00 1.00000000 0.00 B-5 0.00 970,000.00 1.00000000 0.00 B-6 0.00 2,306,324.82 1.00000000 0.00 - -------------------------------------------------------------------------------------------- Totals 8,432,666.67 466,969,159.88 0.72075107 8,432,666.67 - --------------------------------------------------------------------------------------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Original Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (3) - ---------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 527.36542136 0.00000000 41.53036458 0.00000000 0.00000000 2A 463,097,000.00 824.18273301 0.00000000 9.41028981 0.00000000 0.00000000 3A 49,973,000.00 759.50719188 0.00000000 30.45647129 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 5,505,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 3,886,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 1,618,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 970,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 2,306,324.82 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ----------------------------------------------------------------------------------------------------------
Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - --------------------------------------------------------------------------------------------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 41.53036458 485.83505678 0.48583506 41.53036458 2A 9.41028981 814.77244320 0.81477244 9.41028981 3A 30.45647129 729.05072059 0.72905072 30.45647129 X-1 0.00000000 0.00000000 0.00000000 0.00000000 X-2A 0.00000000 0.00000000 0.00000000 0.00000000 X-2B 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 B-2 0.00000000 1000.00000000 1.00000000 0.00000000 B-3 0.00000000 1000.00000000 1.00000000 0.00000000 B-4 0.00000000 1000.00000000 1.00000000 0.00000000 B-5 0.00000000 1000.00000000 1.00000000 0.00000000 B-6 0.00000000 1000.00000000 1.00000000 0.00000000 - ------------------------------------------------------------------------------------------
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Certificate/ Current Unpaid Current Original Face Current Notional Accrued Interest Interest Class Amount Certificate Rate Balance Interest Shortfall Shortfall - ----------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.27875% 0.00 0.00 0.00 0.00 1-A2 61,468,000.00 3.45500% 32,416,097.72 93,331.35 0.00 0.00 2A 463,097,000.00 1.44875% 381,676,551.11 460,794.92 0.00 0.00 3A 49,973,000.00 2.97527% 37,954,852.90 94,104.80 0.00 0.00 X-1 0.00 1.78469% 32,416,097.72 48,210.68 0.00 0.00 X-2A 0.00 0.99239% 156,538,224.55 129,455.14 0.00 0.00 X-2B 0.00 1.11858% 225,138,326.56 209,862.01 0.00 0.00 X-B 0.00 1.21478% 9,069,000.00 9,180.69 0.00 0.00 A-R 100.00 5.37281% 0.00 0.00 0.00 0.00 B-1 9,069,000.00 1.82375% 9,069,000.00 13,782.99 0.00 0.00 B-2 5,505,000.00 3.03853% 5,505,000.00 13,939.25 0.00 0.00 B-3 3,886,000.00 3.03853% 3,886,000.00 9,839.77 0.00 0.00 B-4 1,618,000.00 3.03853% 1,618,000.00 4,096.95 0.00 0.00 B-5 970,000.00 3.03853% 970,000.00 2,456.14 0.00 0.00 B-6 2,306,324.82 3.03853% 2,306,324.82 5,839.86 0.00 0.00 - ----------------------------------------------------------------------------------------------------------- Totals 647,892,424.82 1,094,894.55 0.00 0.00 - -----------------------------------------------------------------------------------------------------------
Remaining Ending Non-Supported Unpaid Certificate/ Interest Realized Total Interest Interest Notational Class Shortfall Loss (4) Distribution Shortfall Balance - ------------------------------------------------------------------------------------- 1-A1 0.00 0.00 0.00 0.00 0.00 1-A2 0.00 0.00 93,331.35 0.00 29,863,309.27 2A 0.00 0.00 460,794.92 0.00 377,318,674.13 3A 0.00 0.00 94,104.80 0.00 36,432,851.66 X-1 0.00 0.00 48,217.59 0.00 29,863,309.27 X-2A 0.00 0.00 129,460.42 0.00 155,920,336.73 X-2B 0.00 0.00 209,870.56 0.00 221,398,337.40 X-B 0.00 0.00 9,187.60 0.00 9,069,000.00 A-R 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 13,782.99 0.00 9,069,000.00 B-2 0.00 0.00 13,939.25 0.00 5,505,000.00 B-3 0.00 0.00 9,839.77 0.00 3,886,000.00 B-4 0.00 0.00 4,096.95 0.00 1,618,000.00 B-5 0.00 0.00 2,456.14 0.00 970,000.00 B-6 0.00 0.00 5,839.86 0.00 2,306,324.82 - ------------------------------------------------------------------------------------- Totals 0.00 0.00 1,094,922.20 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 Current Beginning Unpaid Current Class Original Face Certificate Certificate/ Current Accrued Interest Interest (5) Amount Rate Notional Balance Interest Shortfall Shortfall - ------------------------------------------------------------------------------------------------------- 1-A1 50,000,000.00 1.27875% 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 61,468,000.00 3.45500% 527.36542136 1.51837297 0.00000000 0.00000000 2A 463,097,000.00 1.44875% 824.18273301 0.99502895 0.00000000 0.00000000 3A 49,973,000.00 2.97527% 759.50719188 1.88311288 0.00000000 0.00000000 X-1 0.00 1.78469% 290.81079521 0.43250691 0.00000000 0.00000000 X-2A 0.00 0.99239% 831.03785866 0.68725784 0.00000000 0.00000000 X-2B 0.00 1.11858% 819.48265199 0.76387827 0.00000000 0.00000000 X-B 0.00 1.21478% 1000.00000000 1.01231558 0.00000000 0.00000000 A-R 100.00 5.37281% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,069,000.00 1.82375% 1000.00000000 1.51979160 0.00000000 0.00000000 B-2 5,505,000.00 3.03853% 1000.00000000 2.53210718 0.00000000 0.00000000 B-3 3,886,000.00 3.03853% 1000.00000000 2.53210757 0.00000000 0.00000000 B-4 1,618,000.00 3.03853% 1000.00000000 2.53210754 0.00000000 0.00000000 B-5 970,000.00 3.03853% 1000.00000000 2.53210309 0.00000000 0.00000000 B-6 2,306,324.82 3.03853% 1000.00000000 2.53210647 0.00000000 0.00000000 - -------------------------------------------------------------------------------------------------------
Non- Supported Remaining Interest Unpaid Class Shortfall Realized Total Interest Interest Ending Certificate/ (5) Loss (6) Distribution Shortfall Notational Balance - --------------------------------------------------------------------------------------------- 1-A1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A2 0.00000000 0.00000000 1.51837297 0.00000000 485.83505678 2A 0.00000000 0.00000000 0.99502895 0.00000000 814.77244320 3A 0.00000000 0.00000000 1.88311288 0.00000000 729.05072059 X-1 0.00000000 0.00000000 0.43256890 0.00000000 267.90925889 X-2A 0.00000000 0.00000000 0.68728587 0.00000000 827.75758528 X-2B 0.00000000 0.00000000 0.76390940 0.00000000 805.86943792 X-B 0.00000000 0.00000000 1.01307752 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 1.51979160 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 2.53210718 0.00000000 1000.00000000 B-3 0.00000000 0.00000000 2.53210757 0.00000000 1000.00000000 B-4 0.00000000 0.00000000 2.53210754 0.00000000 1000.00000000 B-5 0.00000000 0.00000000 2.53210309 0.00000000 1000.00000000 B-6 0.00000000 0.00000000 2.53210647 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 9,680,418.34 Liquidations, Insurance Proceeds, Reserve Funds 27.64 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 9,680,445.98 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 152,857.11 Payment of Interest and Principal 9,527,588.87 ------------ Total Withdrawals (Pool Distribution Amount) 9,680,445.98 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 149,291.59 Master Servicing Fee 3,565.52 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 152,857.11 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - ----------------------------------------------------------------------------------------------------- Class X-1 Basis Risk Reserve Fund 2,500.00 6.91 6.91 2,500.00 Class X-2 Basis Risk Reserve Fund 5,000.00 13.82 13.82 5,000.00 Class X-B Basis Risk Reserve Fund 2,500.00 6.91 6.91 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 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 ----------------------- --------------------- --------------------- 0 0.00 0 0.00 0 0.00 No. of Principal No. of Principal No. of Principal Loans Balance Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% ---------------------- -------------------- --------------------- 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL - ----------------------------------------------------------------------- No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0 0.00 0-29 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00 --------------------- ---------------------- 0 0.00 0 0.00 No. of Principal No. of Principal Loans Balance Loans Balance 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% -------------------- --------------------- 0.000000% 0.000000% 0.000000% 0.000000%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
Original $ Original% Current $ Current % Current Class % Prepayment % -------------- ------------- -------------- ------------ --------------- ------------- Class A 647,892,324.82 99.99998457% 466,969,159.88 100.00000000% 94.998744% 0.000000% Class 1-A-1 597,892.324.82 92.28265402% 466,969,159.88 100.00000000% 0.000000% 0.000000% Class 1-A-2 536,424,324.82 82.79527654% 437,105,850.61 93.60486477% 6.395135% 127.870574% Class 2A 73,327,324.82 11.31782407% 59,787,176.48 12.80323876% 80.801626% 1,615.626558% Class 3A 23,354,324.82 3.60466089% 23,354,324.82 5.00125636% 7.801982% 156.000449% Class X-1 23,354,324.82 3.60466089% 23,354,324.82 5.00125636% 0.000000% 0.000000% Class X-2-A 23,354,324.82 3.60466089% 23,354,324.82 5.00125636% 0.000000% 0.000000% Class X-2-B 23,354,324.82 3.60466089% 23,354,324.82 5.00125636% 0.000000% 0.000000% Class B-1 14,285,324.82 2.20489147% 14,285,324.82 3.05915809% 1.942098% 38.832208% Class B-2 8,780,324.82 1.35521338% 8,780,324.82 1.88027938% 1.178879% 23.571651% Class B-3 4,894,324.82 0.75542245% 4,894,324.82 1.04810451% 0.832175% 16.639316% Class B-4 3,276,324.82 0.50568963% 3,276,324.82 0.70161482% 0.346490% 6.928053% Class B-5 2,306,324.82 0.35597342% 2,306,324.82 0.49389232% 0.207722% 4.153406% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.493892% 9.875365%
Please refer to the prospectus supplement for a full description of loss exposure
Original $ Original % Current $ Current % Bankruptcy 126,045.00 0.01945462% 126,045.00 0.02699215% Fraud 19,436,773.00 3.00000004% 10,357,716.80 2.21807299% Special Hazard 15,500,000.00 2.39237247% 15,499,500.00 3.31916994%
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%
Group 3
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 3.149550% Weighted Average Net Coupon 2.772711% Weighted Average Pass-Through Rate 2.763711% Weighted Average Maturity (Stepdown Calculation) 314 Beginning Scheduled Collateral Loan Count 1,262 Number of Loans Paid in Full 18 Ending Scheduled Collateral Loan Count 1,244 Beginning Scheduled Collateral Balance 475,401,826.55 Ending Scheduled Collateral Balance 466,969,159.88 Ending Actual Collateral Balance at 31-Dec-2003 466,965,225.09 Monthly P&I Constant 1,247,751.66 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,468,425.57 Ending Scheduled Balance for Premium Loans 466,969,159.88 Scheduled Principal 0.00 Unscheduled Principal 8,432,666.67
MISCELLANEOUS REPORTING One Month Libor Loan Balance 163,066,815.74 Six Month Libor Loan Balance - POOL 1 34,026,592.16 Six Month Libor Loan Balance - POOL 2 231,545,946.13 Six Month Libor Loan Balance - POOL 3 38,329,805.85 Pro Rata Senior Percent 95.087456% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
GROUP 1 2 3 TOTAL Collateral Description Mixed ARM Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.498694 2.913223 3.359265 3.149550 Weighted Average Net Rate 5.248694 2.524571 2.984265 2.772711 Pass-Through Rate 5.239694 2.515571 2.975264 2.763711 Weighted Average Maturity 338 305 342 314 Record Date 12/31/2003 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 167,615.68 968,575.32 111,560.06 1,247,751.66 Beginning Loan Count 74 1,069 119 1,262 Loans Paid in Full 4 11 3 18 Ending Loan Count 70 1,058 116 1,244 Beginning Scheduled Balance 36,579,380.61 398,970,638.85 39,851,807.09 475,401,826.55 Ending Scheduled Balance 34,026,592.16 394,612,761.87 38,329,805.85 466,969,159.88 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 2,552,788.45 4,357,876.98 1,522,001.24 8,432,666.67 Scheduled Interest 167,615.68 968,575.32 111,560.66 1,247,751.66 Servicing Fee 7,620.70 129,217.20 12,453.69 149,291.59 Master Servicing Fee 274.35 2,992.28 298.89 3,565.52 Trustee Fee 0.00 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 0.00 Pool Insurance Fee 0.00 0.00 0.00 0.00 Spread 1 0.00 0.00 0.00 0.00 Spread 2 0.00 0.00 0.00 0.00 Spread 3 0.00 0.00 0.00 0.00 Net Interest 159,720.63 836,365.84 98,808.08 1,094,894.55 Realized Loss Amount 0.00 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 0.00
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