-----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, GbHghYqO5wMSt+uYjk6V8NpAgJVbNY786oXRGIRl3Akz4kwr/U2JAVfsVvlOlcgv LcrsYzWJduzW0DR8SKk2ww== 0000950149-04-000324.txt : 20040209 0000950149-04-000324.hdr.sgml : 20040209 20040206184443 ACCESSION NUMBER: 0000950149-04-000324 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: 04575617 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 f96263ce8vk.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 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 (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 f96263cexv10w1.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: DECEMBER 31, 2003 DISTRIBUTION DATE: JANUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Certificate Interest Principal Current Class CUSIP Description Pass-Through Rate Balance Distribution Distribution Realized Loss - -------- --------- ----------- ----------------- -------------- -------------- ------------- ------------- 1A 81743SAA8 SEN 1.49875% 334,586,750.16 417,884.91 4,703,823.82 0.00 2A 81743SAB6 SEN 2.73894% 119,924,368.06 273,721.01 1,033,980.31 0.00 X-1A 81743SAC4 IO 0.94252% 0.00 140,082.20 0.00 0.00 X-1B 81743SAD2 IO 1.00919% 0.00 131,407.82 0.00 0.00 X-B 81743SAE0 IO 0.65541% 0.00 4,220.43 0.00 0.00 A-R 81743SAF7 SEN 3.15893% 0.00 0.00 0.00 0.00 B-1 81743SAG5 SUB 1.89875% 7,702,000.00 12,186.81 0.00 0.00 B-2 81743SAH3 SUB 2.55416% 4,564,000.00 9,714.30 0.00 0.00 B-3 81743SAJ9 SUB 2.55416% 3,424,000.00 7,287.86 0.00 0.00 B-4 SMT0209B4 SUB 2.55416% 1,426,000.00 3,035.19 0.00 0.00 B-5 SMR0209B5 SUB 2.55416% 856,000.00 1,821.96 0.00 0.00 B-6 SMT0209B6 SUB 2.55416% 1,997,086.78 4,250.72 0.00 0.00 - -------- --------- ----------- ------- -------------- -------------- ------------- ------------- Totals 474,480,205.00 1,005,613.21 5,737,804.13 0.00 - -------- --------- ----------- ------- -------------- -------------- ------------- ------------- Ending Certificate Total Cumulative Class CUSIP Balance Distribution Realized Loss - -------- --------- -------------- ------------ ------------- 1A 81743SAA8 329,882,926.34 5,121,708.73 0.00 2A 81743SAB6 118,890,387.75 1,307,701.32 0.00 X-1A 81743SAC4 0.00 140,082.20 0.00 X-1B 81743SAD2 0.00 131,407.82 0.00 X-B 81743SAE0 0.00 4,220.43 0.00 A-R 81743SAF7 0.00 0.00 0.00 B-1 81743SAG5 7,702,000.00 12,186.81 0.00 B-2 81743SAH3 4,564,000.00 9,714.30 0.00 B-3 81743SAJ9 3,424,000.00 7,287.86 0.00 B-4 SMT0209B4 1,426,000.00 3,035.19 0.00 B-5 SMR0209B5 856,000.00 1,821.96 0.00 B-6 SMT0209B6 1,997,086.78 4,250.72 0.00 - -------- --------- -------------- ------------ ------------- Totals 468,742,400.87 6,743,417.34 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 381,698,000.00 334,586,750.16 0.00 4,703,823.82 0.00 0.00 4,703,823.82 2A 168,875,000.00 119,924,368.06 0.00 1,033,980.31 0.00 0.00 1,033,980.31 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 570,533,186.78 474,480,205.00 0.00 5,737,804.13 0.00 0.00 5,737,804.13 - ------ -------------- -------------- ------------ ------------ --------- -------- --------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution - ------ ------------------ ------------------ --------------- 1A 329,882,926.34 0.86427150 4,703,823.82 2A 118,890,387.75 0.70401414 1,033,980.31 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 468,742,400.87 0.82158656 5,737,804.13 - ------ ------------------ ------------------ ---------------
(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 381,698,000.00 876.59521275 0.00000000 12.32370810 0.00000000 0.00000000 12.32370810 2A 168,875,000.00 710.13689451 0.00000000 6.12275535 0.00000000 0.00000000 6.12275535 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 864.27150465 0.86427150 12.32370810 2A 704.01413916 0.70401414 6.12275535 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 Class Amount Certificate Rate Balance Interest Shortfall Shortfall Shortfall - ------ -------------- ---------------- -------------- ------------ ---------- --------- --------- 1A 381,698,000.00 1.49875% 334,586,750.16 417,884.91 0.00 0.00 0.00 2A 168,875,000.00 2.73894% 119,924,368.06 273,721.01 0.00 0.00 0.00 X-1A 0.00 0.94252% 178,341,526.65 140,075.07 0.00 0.00 0.00 X-1B 0.00 1.00919% 156,245,223.51 131,401.13 0.00 0.00 0.00 X-B 0.00 0.65541% 7,702,000.00 4,206.61 0.00 0.00 0.00 A-R 100.00 3.15893% 0.00 0.00 0.00 0.00 0.00 B-1 7,702,000.00 1.89875% 7,702,000.00 12,186.81 0.00 0.00 0.00 B-2 4,564,000.00 2.55416% 4,564,000.00 9,714.30 0.00 0.00 0.00 B-3 3,424,000.00 2.55416% 3,424,000.00 7,287.86 0.00 0.00 0.00 B-4 1,426,000.00 2.55416% 1,426,000.00 3,035.19 0.00 0.00 0.00 B-5 856,000.00 2.55416% 856,000.00 1,821.96 0.00 0.00 0.00 B-6 1,997,086.78 2.55416% 1,997,086.78 4,250.72 0.00 0.00 0.00 - ------ -------------- ------- -------------- ------------ ---------- --------- --------- Totals 570,533,186.78 1,005,585.57 0.00 0.00 0.00 - ------ -------------- ------- -------------- ------------ ---------- --------- --------- Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance - ------ -------- -------------- --------- -------------- 1A 0.00 417,884.91 0.00 329,882,926.34 2A 0.00 273,721.01 0.00 118,890,387.75 X-1A 0.00 140,082.20 0.00 175,600,751.69 X-1B 0.00 131,407.82 0.00 154,282,174.65 X-B 0.00 4,220.43 0.00 7,702,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 12,186.81 0.00 7,702,000.00 B-2 0.00 9,714.30 0.00 4,564,000.00 B-3 0.00 7,287.86 0.00 3,424,000.00 B-4 0.00 3,035.19 0.00 1,426,000.00 B-5 0.00 1,821.96 0.00 856,000.00 B-6 0.00 4,250.72 0.00 1,997,086.78 - ------ -------- -------------- --------- -------------- Totals 0.00 1,005,613.12 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 Current Unpaid Current Supported Original Face Certificate Certificate/ Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall - --------- -------------- ----------- ---------------- ---------- ---------- ---------- ---------- 1A 381,698,000.00 1.49875% 876.59521275 1.09483090 0.00000000 0.00000000 0.00000000 2A 168,875,000.00 2.73894% 710.13689451 1.62084980 0.00000000 0.00000000 0.00000000 X-1A 0.00 0.94252% 875.22517199 0.68742950 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.00919% 878.16425694 0.73852994 0.00000000 0.00000000 0.00000000 X-B 0.00 0.65541% 1000.00000000 0.54617112 0.00000000 0.00000000 0.00000000 A-R 100.00 3.15893% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,702,000.00 1.89875% 1000.00000000 1.58229161 0.00000000 0.00000000 0.00000000 B-2 4,564,000.00 2.55416% 1000.00000000 2.12846188 0.00000000 0.00000000 0.00000000 B-3 3,424,000.00 2.55416% 1000.00000000 2.12846379 0.00000000 0.00000000 0.00000000 B-4 1,426,000.00 2.55416% 1000.00000000 2.12846424 0.00000000 0.00000000 0.00000000 B-5 856,000.00 2.55416% 1000.00000000 2.12845794 0.00000000 0.00000000 0.00000000 B-6 1,997,086.78 2.55416% 1000.00000000 2.12846034 0.00000000 0.00000000 0.00000000 Remaining Unpaid Ending Realized Total Interest Interest Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance - --------- ---------- -------------- ---------- ------------------ 1A 0.00000000 1.09483090 0.00000000 864.27150465 2A 0.00000000 1.62084980 0.00000000 704.01413916 X-1A 0.00000000 0.68746450 0.00000000 861.77460172 X-1B 0.00000000 0.73856754 0.00000000 867.13109186 X-B 0.00000000 0.54796546 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.58229161 0.00000000 1000.00000000 B-2 0.00000000 2.12846188 0.00000000 1000.00000000 B-3 0.00000000 2.12846379 0.00000000 1000.00000000 B-4 0.00000000 2.12846424 0.00000000 1000.00000000 B-5 0.00000000 2.12845794 0.00000000 1000.00000000 B-6 0.00000000 2.12846034 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 6,895,442.13 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 6,895,469.77 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 152,052.43 Payment of Interest and Principal 6,743,417.34 ------------ Total Withdrawals (Pool Distribution Amount) 6,895,469.77 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 148,493.83 Master Servicing Fee 3,558.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 152,052.43 ==========
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance ------------ ------- ----------- -------- ------- X-1 Basis Risk Reserve Fund 5,000.00 13.82 13.82 5,000.00 X-2 Basis Risk Reserve Fund 5,000.00 13.82 13.82 5,000.00
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 570,533,086.78 99.99998247% 468,742,400.87 100.00000000% 95.739859% 0.000000% Class 1A 188,844,086.78 33.09957968% 138,859,474.53 29.62383481% 70.376165% 1,651.968014% Class 2A 19,969,086.78 3.50007453% 19,969,086.78 4.26014091% 25.363694% 595.372182% Class X-1-A 19,969,086.78 3.50007453% 19,969,086.78 4.26014091% 0.000000% 0.000000% Class X-1-B 19,969,086.78 3.50007453% 19,969,086.78 4.26014091% 0.000000% 0.000000% Class B-1 12,267,086.78 2.15010924% 12,267,086.78 2.61702094% 1.643120% 38.569616% Class B-2 7,703,086.78 1.35015578% 7,703,086.78 1.64335182% 0.973669% 22.855327% Class B-3 4,279,086.78 0.75001540% 4,279,086.78 0.91288665% 0.730465% 17.146503% Class B-4 2,853,086.78 0.50007376% 2,853,086.78 0.60866838% 0.304218% 7.141038% Class B-5 1,997,086.78 0.35003867% 1,997,086.78 0.42605209% 0.182616% 4.286626% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.426052% 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 0.02133368% Fraud 17,115,996.00 3.00000007% 9,879,946.13 2.10775601% Special Hazard 6,000,000.00 1.05164785% 5,997,988.72 1.27959167%
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 2.927763% Weighted Average Net Coupon 2.552210% Weighted Average Pass-Through Rate 2.543210% Weighted Average Maturity (Stepdown Calculation) 316 Beginning Scheduled Collateral Loan Count 1,301 Number of Loans Paid in Full 10 Ending Scheduled Collateral Loan Count 1,291 Beginning Scheduled Collateral Balance 474,480,205.01 Ending Scheduled Collateral Balance 468,742,400.88 Ending Actual Collateral Balance at 31-Dec-2003 468,741,474.46 Monthly P&I Constant 1,157,638.00 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realization Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 6,700,886.26 Ending Scheduled Balance for Premium Loans 468,742,400.88 Scheduled Principal 0.00 Unscheduled Principal 5,737,804.13
MISCELLANEOUS REPORTING Pro Rata Senior Percent 95.791376% Senior Percentage 100.000000% Senior Prepay Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
1 2 TOTAL Mixed ARM 6 Month ARM Mixed ARM Collateral Description Weighted Average Coupon Rate 2.857157 3.122936 2.927763 Weighted Average Net Rate 2.481403 2.747936 2.552210 Pass-Through Rate 2.472403 2.738936 2.543210 Weighted Average Maturity 300 342 316 Record Date 12/31/2003 12/31/2003 12/31/2003 Principal and Interest Constant 829,601.20 328,036.80 1,157,638.00 Beginning Loan Count 920 381 1,301 Loans Paid in Full 7 3 10 Ending Loan Count 913 378 1,291 Beginning Scheduled Balance 348,430,836.95 126,049,368.06 474,480,205.01 Ending Scheduled Balance 343,727,013.13 125,015,387.75 468,742,400.88 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 4,703,823.82 1,033,980.31 5,737,804.13 Scheduled Interest 829,601.20 328,036.80 1,157,638.00 Servicing Fee 109,103.40 39,390.43 148,493.83 Master Servicing Fee 2,613.23 945.37 3,558.60 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 717,884.57 287,701.00 1,005,585.57 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 182,970,129.89 Six Month LIBOR Loans 160,756,883.24
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