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%