-----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, RL/KeMNnHlK5cf0jKC/DXSEud/Pht0vd7P1MgZn8x0gzgC6wQtLHyAp3uerJPa3a UcEo2Ry+HmNxsrcfryQILw== 0000950149-04-000563.txt : 20040308 0000950149-04-000563.hdr.sgml : 20040308 20040305183401 ACCESSION NUMBER: 0000950149-04-000563 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040220 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040308 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: 04653215 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 f97116ae8vk.txt FORM 8-K 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 February 20, 2004 Date of Report (Date of Earliest Event Reported) SEQUOIA RESIDENTIAL FUNDING, INC. (as Depositor of Sequoia Mortgage Trust 2003-8, the Issuer of Mortgage Pass-Through Certificates under a Pooling and Servicing Agreement dated as of December 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) 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 2003-8 (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, February 20, 2004. 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: March 5, 2004 SEQUOIA RESIDENTIAL FUNDING, INC. By: /s/ Harold F. Zagunis ----------------------------------- Harold F. Zagunis Chief Financial Officer, Treasurer and Secretary EXHIBIT INDEX
Exhibit Number Page Number - -------------- ----------- 10.1 Monthly Payment Date Statement relating to the distribution to Certificateholders, February 20, 2004............................. 5
EX-10.1 3 f97116aexv10w1.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 2003-8 RECORD DATE: JANUARY 30, 2004 DISTRIBUTION DATE: FEBRUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Class CUSIP Description Through Rate Balance Distribution Distribution - -------------------------------------------------------------------------------------------------------------------------------- A-1 81743PDX1 SEN 1.42000% 789,071,210.45 933,734.26 5,471,234.27 X-1 81743PDZ6 IO 0.80000% 0.00 604,879.62 0.00 A-2 81743PDY9 SEN 1.56000% 148,866,568.41 193,526.54 474,149.97 X-2 81743PEA0 IO 0.33707% 0.00 263,455.74 0.00 B-1 81743PED4 SUB 1.69000% 14,166,000.00 19,950.45 0.00 X-B 81743PEB8 IO 0.61925% 0.00 11,595.53 0.00 B-2 81743PEE2 SUB 2.35000% 8,304,000.00 16,262.00 0.00 B-3 81743PEF9 SUB 2.55316% 4,884,000.00 10,391.37 0.00 B-4 81743PEG7 SUB 2.55316% 2,443,000.00 5,197.81 0.00 B-5 81743PEH5 SUB 2.55316% 1,465,000.00 3,116.99 0.00 B-6 81743PEJ1 SUB 2.55316% 3,908,267.00 8,315.37 0.00 A-R 81743PEC6 RES 2.55789% 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------------ Totals 973,108,045.86 2,070,425.68 5,945,384.24 - ------------------------------------------------------------------------------------------------------------------------------ Current Ending Certificate Total Cumulative Class CUSIP Realized Loss Balance Distribution Realized Loss - --------------------------------------------------------------------------------------------------------------------- A-1 81743PDX1 0.00 783,599,976.18 6,404,968.53 0.00 X-1 81743PDZ6 0.00 0.00 604,879.62 0.00 A-2 81743PDY9 0.00 148,392,418.44 667,676.51 0.00 X-2 81743PEA0 0.00 0.00 263,455.74 0.00 B-1 81743PED4 0.00 14,166,000.00 19,950.45 0.00 X-B 81743PEB8 0.00 0.00 11,595.53 0.00 B-2 81743PEE2 0.00 8,304,000.00 16,262.00 0.00 B-3 81743PEF9 0.00 4,884,000.00 10,391.37 0.00 B-4 81743PEG7 0.00 2,443,000.00 5,197.81 0.00 B-5 81743PEH5 0.00 1,465,000.00 3,116.99 0.00 B-6 81743PEJ1 0.00 3,908,267.00 8,315.37 0.00 A-R 81743PEC6 0.00 0.00 0.00 0.00 - ----------------------------------------------------------------------------------------------------------------- Totals 0.00 967,162,661.62 8,015,809.92 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) - -------------------------------------------------------------------------------------------------------------------------- A-1 791,768,000.00 789,071,210.45 0.00 5,471,234.27 0.00 0.00 X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-2 150,000,000.00 148,866,568.41 0.00 474,149.97 0.00 0.00 X-2 0.00 0.00 0.00 0.00 0.00 0.00 B-1 14,166,000.00 14,166,000.00 0.00 0.00 0.00 0.00 X-B 0.00 0.00 0.00 0.00 0.00 0.00 B-2 8,304,000.00 8,304,000.00 0.00 0.00 0.00 0.00 B-3 4,884,000.00 4,884,000.00 0.00 0.00 0.00 0.00 B-4 2,443,000.00 2,443,000.00 0.00 0.00 0.00 0.00 B-5 1,465,000.00 1,465,000.00 0.00 0.00 0.00 0.00 B-6 3,908,267.00 3,908,267.00 0.00 0.00 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- Totals 976,938,367.00 973,108,045.86 0.00 5,945,384,24 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - ------------------------------------------------------------------------------------------------------------- A-1 5,471,234.27 783,599,976.18 0.98968382 5,471,234.27 X-1 0.00 0.00 0.00000000 0.00 A-2 474,149.97 148,392,418.44 0.98928279 474,149.97 X-2 0.00 0.00 0.00000000 0.00 B-1 0.00 14,166,000.00 1.00000000 0.00 X-B 0.00 0.00 0.00000000 0.00 B-2 0.00 8,304,000.00 1.00000000 0.00 B-3 0.00 4,884,000.00 1.00000000 0.00 B-4 0.00 2,443,000.00 1.00000000 0.00 B-5 0.00 1,465,000.00 1.00000000 0.00 B-6 0.00 3,908,267.00 1.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 - ---------------------------------------------------------------------------------------------------------- Totals 5,945,384.24 967,162,661.62 0.98999353 5,945,384.24 - ----------------------------------------------------------------------------------------------------------
(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) - ------------------------------------------------------------------------------------------------------------------------- A-1 791,768,000.00 996.59396496 0.00000000 6.91014826 0.00000000 0.00000000 X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 992.44378940 0.00000000 3.16099980 0.00000000 0.00000000 X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------- Total Principal Ending Certificate Ending Certificate Total Principal Class Reduction Balance Percentage Distribution - -------------------------------------------------------------------------------------------------- A-1 6.91014826 989.68381670 0.98968382 6.91014826 X-1 0.00000000 0.00000000 0.00000000 0.00000000 A-2 3.16099980 989.28278960 0.98928279 3.16099980 X-2 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1000.00000000 1.00000000 0.00000000 X-B 0.00000000 0.00000000 0.00000000 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 A-R 0.00000000 0.00000000 0.00000000 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-1 791,768,000.00 1.42000% 789,071,210.45 933,734.27 0.00 0.00 X-1 0.00 0.80000% 907,319,431.93 604,879.62 0.00 0.00 A-2 150,000,000.00 1.56000% 148,866,568.41 193,526.54 0.00 0.00 X-2 0.00 0.33707% 937,937,778.86 263,455.75 0.00 0.00 B-1 14,166,000.00 1.69000% 14,166,000.00 19,950.45 0.00 0.00 X-B 0.00 0.61925% 22,470,000.00 11,595.53 0.00 0.00 B-2 8,304,000.00 2.35000% 8,304,000.00 16,262.00 0.00 0.00 B-3 4,884,000.00 2.55316% 4,884,000.00 10,391.37 0.00 0.00 B-4 2,443,000.00 2.55316% 2,443,000.00 5,197.81 0.00 0.00 B-5 1,465,000.00 2.55316% 1,465,000.00 3,116.99 0.00 0.00 B-6 3,908,267.00 2.55316% 3,908,267.00 8,315.37 0.00 0.00 A-R 100.00 2.55789% 0.00 0.00 0.00 0.00 - ------------------------------------------------------------------------------------------------------------------------- Totals 976,938,367.00 2,070,425.70 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 0.00 933,734.26 0.00 783,599,976.18 X-1 0.00 0.00 604,879.62 0.00 874,085,488.12 A-2 0.00 0.00 193,526.54 0.00 148,392,418.44 X-2 0.00 0.00 263,455.74 0.00 931,992,394.62 B-1 0.00 0.00 19,950.45 0.00 14,166,000.00 X-B 0.00 0.00 11,595.53 0.00 22,470,000.00 B-2 0.00 0.00 16,262.00 0.00 8,304,000.00 B-3 0.00 0.00 10,391.37 0.00 4,884,000.00 B-4 0.00 0.00 5,197.81 0.00 2,443,000.00 B-5 0.00 0.00 3,116.99 0.00 1,465,000.00 B-6 0.00 0.00 8,315.37 0.00 3,908,267.00 A-R 0.00 0.00 0.00 0.00 0.00 - --------------------------------------------------------------------------------------------------------- Totals 0.00 0.00 2,070,425.68 0.00 - ---------------------------------------------------------------------------------------------------------
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non- Current Beginning Unpaid Current Supported Class (5) Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6) - ------------------------------------------------------------------------------------------------------------------------- A-1 791,768,000.00 1.42000% 996.59396496 1.17930286 0.00000000 0.00000000 0.00000000 0.00000000 X-1 0.00 0.80000% 963.42138608 0.64228092 0.00000000 0.00000000 0.00000000 0.00000000 A-2 150,000,000.00 1.56000% 992.44378940 1.29017693 0.00000000 0.00000000 0.00000000 0.00000000 X-2 0.00 0.33707% 995.93294618 0.27974591 0.00000000 0.00000000 0.00000000 0.00000000 B-1 14,166,000.00 1.69000% 1000.00000000 1.40833333 0.00000000 0.00000000 0.00000000 0.00000000 X-B 0.00 0.61925% 1000.00000000 0.51604495 0.00000000 0.00000000 0.00000000 0.00000000 B-2 8,304,000.00 2.35000% 1000.00000000 1.95833333 0.00000000 0.00000000 0.00000000 0.00000000 B-3 4,884,000.00 2.55316% 1000.00000000 2.12763514 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,443,000.00 2.55316% 1000.00000000 2.12763406 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,465,000.00 2.55316% 1000.00000000 2.12763823 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,908,267.00 2.55316% 1000.00000000 2.12763611 0.00000000 0.00000000 0.00000000 0.00000000 A-R 100.00 2.55789% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 - ------------------------------------------------------------------------------------------------------------------------- Remaining Unpaid Class (5) Total Interest Interest Ending Certificate/ Distribution Shortfall Notational Balance - ---------------------------------------------------------------- A-1 1.17930285 0.00000000 989.68381670 X-1 0.64228092 0.00000000 928.13249985 A-2 1.29017693 0.00000000 989.28278960 X-2 0.27974590 0.00000000 989.61994315 B-1 1.40833333 0.00000000 1000.00000000 X-B 0.51604495 0.00000000 1000.00000000 B-2 1.95833333 0.00000000 1000.00000000 B-3 2.12763514 0.00000000 1000.00000000 B-4 2.12763406 0.00000000 1000.00000000 B-5 2.12763823 0.00000000 1000.00000000 B-6 2.12763611 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 - -------------------------------------------------------------
(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 8,320,698.82 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 6,596.68 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,327,295.50 Withdrawals Reimbursement for Servicer Advances 806.25 Payment of Service Fee 310,679.33 Payment of Interest and Principal 8,015,809.92 ------------ Total Withdrawals (Pool Distribution Amount) 8,327,295.50 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 306,219.26 Master Servicing Fee 4,460.07 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 310,679.33 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance - -------------------------------------------------------------------------------- Class 1-A Companion Sub Account 4,000.00 0.00 0.00 4,000.00 Class 1-A NAS Sub Account 1,000.00 0.00 0.00 1,000.00 Class 2-A Companion Sub Account 2,000.00 0.00 0.00 2,000.00 Class 2-A NAS Sub Account 500.00 0.00 0.00 500.00 Class X-B Sub Account 2,000.00 0.00 0.00 2,000.00
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 10 3,107,823.04 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 ----------------------- -------------------- -------------------- 10 3,107,823.04 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 0.358166% 0.321334% 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% ----------------------- -------------------- -------------------- 0.358166% 0.321334% 0.000000% 0.000000% 0.000000% 0.000000% Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 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 10 3,107,823.04 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 10 3,107,823.04 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 0.358166% 0.321334% 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% 0.358166% 0.321334% 0.00 Periodic Advance 6,596.68
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ------------- ----------- ------------- ----------- --------------- ------------ Class A 35,170,267.00 3.60004973% 35,170,267.00 3.63643763% 96.363562% 0.000000% Class X-1 35,170,267.00 3.60004973% 35,170,267.00 3.63643763% 0.000000% 0.000000% Class X-2 35,170,267.00 3.60004973% 35,170,267.00 3.63643763% 0.000000% 0.000000% Class B-1 21,004,267.00 2.15000943% 21,004,267.00 2.17174089% 1.464697% 40.278341% Class B-2 12,700,267.00 1.30000698% 12,700,267.00 1.31314695% 0.858594% 23.610853% Class B-3 7,816,267.00 0.80007780% 7,816,267.00 0.80816468% 0.504982% 13.886730% Class B-4 5,373,267.00 0.55001085% 5,373,267.00 0.55557014% 0.252295% 6.946208% Class B-5 3,908,267.00 0.40005257% 3,908,267.00 0.40409614% 0.151474% 4.165450% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.404096% 11.112418%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------- POOL 1 -- 1 MO LIBOR 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%
DELINQUENT BANKRUPTCY FORECLOSURE - ------------------------------------------------------------------------------------------------------ POOL 1 -- 6 MO LIBOR 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 7 2,522,823.04 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 ----------------------- -------------------- -------------------- 7 2,522,823.04 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 0.336862% 0.363181% 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% ----------------------- -------------------- -------------------- 0.336862% 0.363181% 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 7 2,522,823.04 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 7 2,522,823.04 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 0.336862% 0.363181% 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% 0.336862% 0.363181%
DELINQUENT BANKRUPTCY FORECLOSURE - -------------------------------------------------------------------------------------------------- POOL 2 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 3 585,000.00 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 --------------------- -------------------- -------------------- 3 585,000.00 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 0.634249% 0.379882% 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% --------------------- -------------------- -------------------- 0.634249% 0.379882% 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 3 585,000.00 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 3 585,000.00 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 0.634249% 0.379882% 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% 0.634249% 0.379882%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 2.936289% Weighted Average Net Coupon 2.558671% Weighted Average Pass-Through Rate 2.553171% Weighted Average Maturity (Stepdown Calculation) 321 Beginning Scheduled Collateral Loan Count 2,801 Number of Loans Paid in Full 9 Ending Scheduled Collateral Loan Count 2,792 Beginning Scheduled Collateral Balance 973,108,046.81 Ending Scheduled Collateral Balance 967,162,662.57 Ending Actual Collateral Balance at 30-Jan-2004 967,163,259.08 Monthly P&I Constant 2,381,105.04 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 7,940,980.41 Ending Scheduled Balance for Premium Loans 967,162,662.57 Scheduled Principal 0.00 Unscheduled Principal 5,945,384.24
GROUP POOL 1--1 MO LIBOR POOL 1--6 MO LIBOR POOL 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.791136 2.963752 2.924243 2.936289 Weighted Average Net Rate 2.400808 2.588076 2.547664 2.558671 Pass-Through Rate 2.395308 2.582576 2.542164 2.553171 Weighted Average Maturity 306 323 322 321 Record Date 01/30/2004 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 277,872.82 1,726,810.96 376,421.26 2,381,105.04 Beginning Loan Count 243 2,084 474 2,801 Loans Paid in Full 2 6 1 9 Ending Loan Count 241 2,078 473 2,792 Beginning Scheduled Balance 119,466,562.00 699,172,255.38 154,469,229.43 973,108,046.81 Ending Scheduled Balance 118,521,767.85 694,645,815.26 153,995,079.46 967,162,662.57 Scheduled Principal 0.00 0.00 0.00 0.00 Unscheduled Principal 944,794.15 4,526,440.12 474,149.97 5,945,384.24 Scheduled Interest 277,872.82 1,726,810.96 376,421.26 2,381,105.04 Servicing Fee 38,859.29 218,885.09 48,474.88 306,219.26 Master Servicing Fee 547.55 3,204.53 707.99 4,460.07 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 238,465.98 1,504,721.34 327,238.39 2,070,425.71 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
MISCELLANEOUS REPORTING Group Pool 1--1 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.388199% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000% Group Pool 1--6 Mo LIBOR Interest Transfer Amount 0.00 Principal Transfer Amount 0.00 Prorata Senior Percent 96.372960% Senior Percentage 100.000000% Senior Prepayment Percentage 100.000000% Subordinate Percentage 0.000000% Subordinate Prepayment Percentage 0.000000%
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