EX-10.1 3 f97116fexv10w1.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 2003-5 RECORD DATE: JANUARY 30, 2004 DISTRIBUTION DATE: FEBRUARY 20, 2004 CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning Class Certificate Pass- Certificate Interest Principal Current Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss -------------------------------------------------------------------------------------------------------------------------- A-1 81743PCJ3 SEN 1.41000% 641,777,049.15 754,088.04 4,589,147.94 0.00 A-2 81743PCK0 SEN 1.53125% 142,158,850.01 181,400.62 1,952,171.81 0.00 X-1A 81743PCL8 IO 1.07602% 0.00 79,392.30 0.00 0.00 X-1B 81743PCM6 IO 1.34183% 0.00 618,627.13 0.00 0.00 X-2 81743PCN4 IO 1.19869% 0.00 142,003.83 0.00 0.00 X-B 81743PCP9 IO 0.01784% 0.00 12,759.50 0.00 0.00 A-R 81743PCQ7 R 2.69861% 0.00 0.00 0.00 0.00 B-1 81743PCR5 SUB 1.70000% 15,043,000.00 21,310.92 0.00 0.00 B-2 81743PCS3 SUB 2.71784% 6,447,000.00 14,601.61 0.00 0.00 B-3 81743PCT1 SUB 2.71784% 6,017,000.00 13,627.71 0.00 0.00 B-4 SEQ0305B4 SUB 2.71784% 2,149,000.00 4,867.20 0.00 0.00 B-5 SEQ0305B5 SUB 2.71784% 1,289,000.00 2,919.42 0.00 0.00 B-6 SEQ0305B6 SUB 2.71784% 3,439,209.40 7,789.36 0.00 0.00 ---------------------------------------------------------------------------------------------------------------------- Totals 818,320,108.56 1,853,387.64 6,541,319.75 0.00 ---------------------------------------------------------------------------------------------------------------------- Ending Total Cumulative Class CUSIP Certificate Balance Distribution Realized Loss ----------------------------------------------------------------------------------- A-1 81743PCJ3 637,187,901.21 5,343,235.98 0.00 A-2 81743PCK0 140,206,678.20 2,133,572.43 0.00 X-1A 81743PCL8 0.00 79,392.30 0.00 X-1B 81743PCM6 0.00 618,627.13 0.00 X-2 81743PCN4 0.00 142,003.83 0.00 X-B 81743PCP9 0.00 12,759.50 0.00 A-R 81743PCQ7 0.00 0.00 0.00 B-1 81743PCR5 15,043,000.00 21,310.92 0.00 B-2 81743PCS3 6,447,000.00 14,601.61 0.00 B-3 81743PCT1 6,017,000.00 13,627.71 0.00 B-4 SEQ0305B4 2,149,000.00 4,867.20 0.00 B-5 SEQ0305B5 1,289,000.00 2,919.42 0.00 B-6 SEQ0305B6 3,439,209.40 7,789.36 0.00 ------------------------------------------------------------------------------- Totals 811,778,788.81 8,394,707.39 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 ------------------------------------------------------------------------------------------------------------------------ A-1 675,596,000.00 641,777,049.15 1,400.08 4,587,747.86 0.00 0.00 4,589,147.94 A-2 149,609,000.00 142,158,850.01 1.56 1,952,170.25 0.00 0.00 1,952,171.81 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-2 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 15,043,000.00 15,043,000.00 0.00 0.00 0.00 0.00 0.00 B-2 6,447,000.00 6,447,000.00 0.00 0.00 0.00 0.00 0.00 B-3 6,017,000.00 6,017,000.00 0.00 0.00 0.00 0.00 0.00 B-4 2,149,000.00 2,149,000.00 0.00 0.00 0.00 0.00 0.00 B-5 1,289,000.00 1,289,000.00 0.00 0.00 0.00 0.00 0.00 B-6 3,439,209.40 3,439,209.40 0.00 0.00 0.00 0.00 0.00 --------------------------------------------------------------------------------------------------------------------- Totals 859,589,309.40 818,320,108.56 1,401.64 6,539,918.11 0.00 0.00 6,541,319.75 --------------------------------------------------------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution -------------------------------------------------------------------- A-1 637,187,901.21 0.94314931 4,589,147.94 A-2 140,206,678.20 0.93715404 1,952,171.81 X-1A 0.00 0.00000000 0.00 X-1B 0.00 0.00000000 0.00 X-2 0.00 0.00000000 0.00 X-B 0.00 0.00000000 0.00 A-R 0.00 0.00000000 0.00 B-1 15,043,000.00 1.00000000 0.00 B-2 6,447,000.00 1.00000000 0.00 B-3 6,017,000.00 1.00000000 0.00 B-4 2,149,000.00 1.00000000 0.00 B-5 1,289,000.00 1.00000000 0.00 B-6 3,439,209.40 1.00000000 0.00 ----------------------------------------------------------------- Totals 811,778,788.81 0.94437981 6,541,319.75 -----------------------------------------------------------------
(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 ----------------------------------------------------------------------------------------------------------------------------- A-1 675,596,000.00 949.94204991 0.00207236 6.79066759 0.00000000 0.00000000 6.79273995 A-2 149,609,000.00 950.20252799 0.00001043 13.04848137 0.00000000 0.00000000 13.04848180 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-2 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 15,043,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 --------------------------------------------------------------------------------------------------------------------------- Ending Certificate Ending Certificate Total Principal Class Balance Percentage Distribution --------------------------------------------------------------------- A-1 943.14930996 0.94314931 6.79273995 A-2 937.15403619 0.93715404 13.04849180 X-1A 0.00000000 0.00000000 0.00000000 X-1B 0.00000000 0.00000000 0.00000000 X-2 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 Current Certificate/ Current Unpaid Current Non-Supported Original Face Certificate Notional Accrued Interest Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall Shortfall ------------------------------------------------------------------------------------------------------------ A-1 675,596,000.00 1.41000% 641,777,049.15 754,088.03 0.00 0.00 0.00 A-2 149,609,000.00 1.53125% 142,158,850.01 181,400.62 0.00 0.00 0.00 X-1A 0.00 1.07602% 88,539,867.69 79,392.30 0.00 0.00 0.00 X-1B 0.00 1.34183% 553,237,181.46 618,627.13 0.00 0.00 0.00 X-2 0.00 1.19869% 142,158,850.01 142,003.83 0.00 0.00 0.00 X-B 0.00 1.01784% 15,043,000.00 12,759.50 0.00 0.00 0.00 A-R 100.00 2.69861% 0.00 0.00 0.00 0.00 0.00 B-1 15,043,000.00 1.70000% 15,043,000.00 21,310.92 0.00 0.00 0.00 B-2 6,447,000.00 2.71784% 6,447,000.00 14,601.61 0.00 0.00 0.00 B-3 6,017,000.00 2.71784% 6,017,000.00 13,627.71 0.00 0.00 0.00 B-4 2,149,000.00 2.71784% 2,149,000.00 4,867.20 0.00 0.00 0.00 B-5 1,289,000.00 2.71784% 1,289,000.00 2,919.42 0.00 0.00 0.00 B-6 3,439,209.40 2.71784% 3,439,209.40 7,789.36 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------ Totals 859,589,309.40 1,853,387.63 0.00 0.00 0.00 ------------------------------------------------------------------------------------------------------------
Remaining Ending Unpaid Certificate/ Realized Total Interest Interest Notational Class Loss (4) Distribution Shortfall Balance -------------------------------------------------------------- A-1 0.00 754,088.04 0.00 637,187,901.21 A-2 0.00 181,400.62 0.00 140,206,678.20 X-1A 0.00 79,392.30 0.00 87,696,007.05 X-1B 0.00 618,627.13 0.00 549,491,894.16 X-2 0.00 142,003.83 0.00 140,206,678.20 X-B 0.00 12,759.50 0.00 15,043,000.00 A-R 0.00 0.00 0.00 0.00 B-1 0.00 21,310.92 0.00 15,043,000.00 B-2 0.00 14,601.61 0.00 6,447,000.00 B-3 0.00 13,627.71 0.00 6,017,000.00 B-4 0.00 4,867.20 0.00 2,149,000.00 B-5 0.00 2,919.42 0.00 1,289,000.00 B-6 0.00 7,789.36 0.00 3,439,209.40 -------------------------------------------------------------- Totals 0.00 1,853,387.64 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 Non-Supported Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall ------------------------------------------------------------------------------------------------------------------------- A-1 675,596,000.00 1.41000% 949.94204991 1.11618190 0.00000000 0.00000000 0.00000000 A-2 149,609,000.00 1.53125% 950.20252799 1.21249804 0.00000000 0.00000000 0.00000000 X-1A 0.00 1.07602% 984.79284958 0.88304818 0.00000000 0.00000000 0.00000000 X-1B 0.00 1.34183% 944.59222295 1.05623844 0.00000000 0.00000000 0.00000000 X-2 0.00 1.19869% 950.20252799 0.94916636 0.00000000 0.00000000 0.00000000 X-B 0.00 1.01784% 1000.00000000 0.84820182 0.00000000 0.00000000 0.00000000 A-R 100.00 2.69861% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 15,043,000.00 1.70000% 1000.00000000 1.41666689 0.00000000 0.00000000 0.00000000 B-2 6,447,000.00 2.71784% 1000.00000000 2.26486893 0.00000000 0.00000000 0.00000000 B-3 6,017,000.00 2.71784% 1000.00000000 2.26486787 0.00000000 0.00000000 0.00000000 B-4 2,149,000.00 2.71784% 1000.00000000 2.26486738 0.00000000 0.00000000 0.00000000 B-5 1,289,000.00 2.71784% 1000.00000000 2.26487199 0.00000000 0.00000000 0.00000000 B-6 3,439,209.40 2.71784% 1000.00000000 2.26486936 0.00000000 0.00000000 0.00000000
Remaining Unpaid Realized Total Interest Interest Ending Certificate/ Class (5) Loss (6) Distribution Shortfall Notational Balance ------------------------------------------------------------------------------ A-1 0.00000000 1.11618192 0.00000000 943.14930996 A-2 0.00000000 1.21249804 0.00000000 937.15403619 X-1A 0.00000000 0.88304818 0.00000000 975.40693173 X-1B 0.00000000 1.05623844 0.00000000 938.19755286 X-2 0.00000000 0.94916636 0.00000000 937.15403619 X-B 0.00000000 0.84820182 0.00000000 1000.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.41666689 0.00000000 1000.00000000 B-2 0.00000000 2.26486893 0.00000000 1000.00000000 B-3 0.00000000 2.26486787 0.00000000 1000.00000000 B-4 0.00000000 2.26486738 0.00000000 1000.00000000 B-5 0.00000000 2.26487199 0.00000000 1000.00000000 B-6 0.00000000 2.26486936 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 8,661,481.24 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,963.95 Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 ------------ Total Deposits 8,673,445.19 Withdrawals Reimbursement for Servicer Advances 17,740.45 Payment of Service Fee 260,997.36 Payment of Interest and Principal 8,394,707.38 ------------ Total Withdrawals (Pool Distribution Amount) 8,673,445.19 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 255,882.87 Master Servicing Fee 5,114.49 Supported Prepayment/Curtailment Interest Shortfall 0.00 ---------- Net Servicing Fee 260,997.36 ==========
OTHER ACCOUNTS
Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance --------------------------------------------------------------------------- Class X-1 Reserve Fund 5,000.00 0.00 0.00 5,000.00 Class X-2 Reserve Fund 2,500.00 0.00 0.00 2,500.00 Class X-B Reserve Fund 2,500.00 0.00 0.00 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 17 4,649,497.00 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 1 400,000.00 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 ------------------------- --------------------- ---------------------- 18 5,049,497.00 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 0.770975% 0.572753% 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 0.045351% 0.049274% 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% ---------------------- -------------------- -------------------- 0.816327% 0.622027% 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 17 4,649,497.00 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 400,000.00 120 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 18 5,049,497.00 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 0.770975% 0.572753% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.045351% 0.049274% 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% 0.816327% 0.622027%
0.00 Periodic Advance 11,963.95
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment % ---------- --------- --------- --------- --------------- ------------ Class A 34,384,209.40 4.00007411% 34,384,209.40 4.23566246% 95.764338% 0.000000% Class X-1-A 34,384,209.40 4.00007411% 34,384,209.40 4.23566246% 0.000000% 0.000000% Class X-1-B 34,384,209.40 4.00007411% 34,384,209.40 4.23566246% 0.000000% 0.000000% Class X-2 34,384,209.40 4.00007411% 34,384,209.40 4.23566246% 0.000000% 0.000000% Class B-1 19,341,209.40 2.25005234% 19,341,209.40 2.83257142% 1.853091% 43.749734% Class B-2 12,894,209.40 1.50004302% 12,894,209.40 1.58838954% 0.794182% 18.749886% Class B-3 6,877,209.40 0.80005758% 6,877,209.40 0.84717777% 0.741212% 17.499312% Class B-4 4,728,209.40 0.55005447% 4,728,209.40 0.58245047% 0.264727% 6.249962% Class B-5 3,439,209.40 0.40009914% 3,439,209.40 0.42366337% 0.158787% 3.748814% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.423663% 10.002293%
Please refer to the prospectus supplement for a full description of loss exposure DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- ONE-MONTH LIBOR - GROUP 1 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 1 141,000.00 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 ----------------------- --------------------- ---------------------- 1 141,000.00 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 0.502513% 0.153980% 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% ---------------------- -------------------- --------------------- 0.502513% 0.153980% 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 1 141,000.00 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 1 141,000.00 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 0.502513% 0.153980% 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% 0.502513% 0.153980%
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- SIX-MONTH LIBOR - GROUP 1 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 11 3,567,828.48 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 1 400,000.00 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 ------------------------ --------------------- ---------------------- 12 3,967,828.47 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 0.680272% 0.621823% 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 0.061843% 0.069714% 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% --------------------- -------------------- --------------------- 0.742115% 0.691537% 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 11 3,567,828.48 60 Days 0 0.00 60 Days 0 0.00 90 Days 0 0.00 90 Days 1 400,000.00 120 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 12 3,967,828.47 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 0.680272% 0.621823% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.061843% 0.069714% 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% 0.742115% 0.691537%
DELINQUENT BANKRUPTCY FORECLOSURE ---------- ---------- ----------- SIX-MONTH LIBOR - GROUP 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 5 940,668.53 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 ------------------------ --------------------- ---------------------- 5 940,668.53 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 1.285347% 0.642352% 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% --------------------- -------------------- --------------------- 1.285347% 0.642352% 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 5 940,668.53 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 5 940,668.53 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 1.285347% 0.642352% 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% 1.285347% 0.642352%
COLLATERAL STATEMENT
Collateral Description Mixed Arm Weighted Average Gross Coupon 3.100574% Weighted Average Net Coupon 2.725342% Weighted Average Pass-Through Rate 2.717842% Weighted Average Maturity (Stepdown Calculation) 331 Beginning Scheduled Collateral Loan Count 2,221 Number of Loans Paid in Full 16 Ending Scheduled Collateral Loan Count 2,205 Beginning Scheduled Collateral Balance 818,320,108.56 Ending Scheduled Collateral Balance 811,778,788.81 Ending Actual Collateral Balance at 30-Jan-2004 811,781,024.94 Monthly P&I Constant 2,115,786.64 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 8,316,831.66 Ending Scheduled Balance for Premium Loans 811,778,788.81 Scheduled Principal 1,401.64 Unscheduled Principal 6,539,918.11
MISCELLANEOUS REPORTING Pro Rata Senior Percent - Group 1 95.798107% Pro Rata Senior Percent - Group 2 95.798596% Senior Percent - Group 1 100.000000% Senior Percent - Group 2 100.000000% Senior Prepayment Percent - Group 1 100.000000% Senior Prepayment Percent - Group 2 100.000000% Subordinate Percent - Group 1 0.000000% Subordinate Percent - Group 2 0.000000% Subordinate Prepayment Percent - Group 1 0.000000% Subordinate Prepayment Percent - Group 2 0.000000% Principal Transfer Amount - Group 1 0.00 Principal Transfer Amount - Group 2 0.00 Interest Transfer Amount - Group 1 0.00 Interest Transfer Amount - Group 2 0.00
GROUP 1 MO. LIBOR - GR 1 6 MO LIBOR - GR 1 6 MO LIBOR - GR 2 TOTAL Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM Weighted Average Coupon Rate 2.868521 3.134622 3.112597 3.100574 Weighted Average Net Rate 2.493521 2.759334 2.737441 2.725342 Pass-Through Rate 2.486021 2.751834 2.729941 2.717842 Weighted Average Maturity 316 334 331 331 Record Date 01/30/2004 01/30/2004 01/30/2004 01/30/2004 Principal and Interest Constant 220,939.04 1,509,938.48 384,909.12 2,115,786.64 Beginning Loan Count 200 1,629 392 2,221 Loans Paid in Full 1 12 3 16 Ending Loan Count 199 1,617 389 2,205 Beginning Scheduled Balance 92,423,399.99 577,503,249.65 148,393,458.92 818,320,108.56 Ending Scheduled Balance 91,570,229.33 573,767,272.37 146,441,287.11 811,778,788.81 Scheduled Principal 6.98 1,393.10 1.56 1,401.64 Unscheduled Principal 853,163.68 3,734,584.18 1,952,170.25 6,539,918.11 Scheduled Interest 220,932.06 1,508,545.38 384,907.56 2,114,385.00 Servicing Fee 28,882.31 180,608.34 46,392.22 255,882.87 Master Servicing Fee 577.64 3,609.39 927.46 5,114.49 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 191,472.11 1,324,327.65 337,587.88 1,853,387.64 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