-----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, O6gF+k61G1Cl5FIq1MgS+xFnZxDk44atd6nbQdCDY7ZQuHi5jGMwuoT9Ji6J41oT OqAp6NVJeXD4PwUJsKEyPQ== 0001056404-03-001708.txt : 20030929 0001056404-03-001708.hdr.sgml : 20030929 20030929082039 ACCESSION NUMBER: 0001056404-03-001708 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030915 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ABSC HOME EQUITY LOAN TRUST SERIES 2003-HE3 CENTRAL INDEX KEY: 0001237274 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-86750-05 FILM NUMBER: 03913644 BUSINESS ADDRESS: STREET 1: 11 MADISON AVE STREET 2: PARK AVE PLAZA CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 2123252000 FORMER COMPANY: FORMER CONFORMED NAME: HOME EQUITY LOAN TRUST SERIES 2003-HE3 DATE OF NAME CHANGE: 20030530 8-K 1 abs03he3.txt SEOTEMBER 8K UNITED STATES 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 Date of Report (Date of earliest event reported): September 15, 2003 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2003-HE3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-86750-05 54-2116934 Pooling and Servicing Agreement) (Commission 54-2116935 (State or other File Number) 54-2116936 jurisdiction 54-2116937 of Incorporation) 54-2116938 54-2116939 54-2116940 IRS EIN c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On September 15, 2003 a distribution was made to holders of ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2003-HE3 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2003-HE3 Trust, relating to the September 15, 2003 distribution. 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 hereunto duly authorized. ASSET BACKED SECURIETIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2003-HE3 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/22/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2003-HE3 Trust, relating to the September 15, 2003 distribution. EX-99.1
Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/15/03 ABSC Series: 2003-HE3 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-IO 04541GEK4 SEN IO 4.00000% 0.00 151,333.33 0.00 B-IO 04541GED0 SUB IO 3.50000% 0.00 151,666.67 0.00 A-INV-IO 04541GEC2 SEN IO 0.20000% 0.00 94,756.67 0.00 A1 04541GEH1 SEN 1.44000% 295,887,891.18 366,900.99 6,497,595.06 A2 04541GEJ7 SEN 1.46000% 191,224,760.93 240,412.02 4,296,775.14 M1 04541GEL2 MEZ 1.94000% 39,440,000.00 65,886.71 0.00 M2 04541GEM0 MEZ 3.11000% 33,380,000.00 89,393.49 0.00 M3 04541GEN8 MEZ 3.46000% 10,620,000.00 31,641.70 0.00 M4 04541GEP3 MEZ 5.11000% 15,200,000.00 66,884.22 0.00 M5 04541GEQ1 MEZ 5.11000% 9,112,000.00 40,095.33 0.00 X 04541GEE8 SUB OC 0.00000% 0.01 0.45 0.00 P 04541GEF5 SEN 0.00000% 100.00 174,159.56 0.00 Totals 594,864,752.12 1,473,131.14 10,794,370.20
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 151,333.33 0.00 B-IO 0.00 0.00 151,666.67 0.00 A-INV-IO 0.00 0.00 94,756.67 0.00 A1 0.00 289,390,296.12 6,864,496.05 0.00 A2 0.00 186,927,985.79 4,537,187.16 0.00 M1 0.00 39,440,000.00 65,886.71 0.00 M2 0.00 33,380,000.00 89,393.49 0.00 M3 0.00 10,620,000.00 31,641.70 0.00 M4 0.00 15,200,000.00 66,884.22 0.00 M5 0.00 9,112,000.00 40,095.33 0.00 X 0.00 0.01 0.45 0.00 P 0.00 100.00 174,159.56 0.00 Totals 0.00 584,070,381.92 12,267,501.34 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 Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 A-INV-IO 0.00 0.00 0.00 0.00 0.00 0.00 A1 302,800,000.00 295,887,891.18 0.00 6,497,595.06 0.00 0.00 A2 196,200,000.00 191,224,760.93 0.00 4,296,775.14 0.00 0.00 M1 39,440,000.00 39,440,000.00 0.00 0.00 0.00 0.00 M2 33,380,000.00 33,380,000.00 0.00 0.00 0.00 0.00 M3 10,620,000.00 10,620,000.00 0.00 0.00 0.00 0.00 M4 15,200,000.00 15,200,000.00 0.00 0.00 0.00 0.00 M5 9,112,000.00 9,112,000.00 0.00 0.00 0.00 0.00 X 0.01 0.01 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 606,752,100.01 594,864,752.12 0.00 10,794,370.20 0.00 0.00 (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 Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-IO 0.00 0.00 0.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 A-INV-IO 0.00 0.00 0.00000000 0.00 A1 6,497,595.06 289,390,296.12 0.95571432 6,497,595.06 A2 4,296,775.14 186,927,985.79 0.95274203 4,296,775.14 M1 0.00 39,440,000.00 1.00000000 0.00 M2 0.00 33,380,000.00 1.00000000 0.00 M3 0.00 10,620,000.00 1.00000000 0.00 M4 0.00 15,200,000.00 1.00000000 0.00 M5 0.00 9,112,000.00 1.00000000 0.00 X 0.00 0.01 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 10,794,370.20 584,070,381.92 0.96261782 10,794,370.20
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-INV-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 302,800,000.00 977.17269214 0.00000000 21.45837206 0.00000000 A2 196,200,000.00 974.64200270 0.00000000 21.89997523 0.00000000 M1 39,440,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 33,380,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 10,620,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 15,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 9,112,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.01 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-INV-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 21.45837206 955.71432008 0.95571432 21.45837206 A2 0.00000000 21.89997523 952.74202747 0.95274203 21.89997523 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall A-IO 0.00 4.00000% 45,400,000.00 151,333.33 0.00 0.00 B-IO 0.00 3.50000% 52,000,000.00 151,666.67 0.00 0.00 A-INV-IO 0.00 0.20000% 550,200,000.00 94,756.67 0.00 0.00 A1 302,800,000.00 1.44000% 295,887,891.18 366,900.99 0.00 0.00 A2 196,200,000.00 1.46000% 191,224,760.93 240,412.02 0.00 0.00 M1 39,440,000.00 1.94000% 39,440,000.00 65,886.71 0.00 0.00 M2 33,380,000.00 3.11000% 33,380,000.00 89,393.49 0.00 0.00 M3 10,620,000.00 3.46000% 10,620,000.00 31,641.70 0.00 0.00 M4 15,200,000.00 5.11000% 15,200,000.00 66,884.22 0.00 0.00 M5 9,112,000.00 5.11000% 9,112,000.00 40,095.33 0.00 0.00 X 0.01 0.00000% 0.01 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 606,752,100.01 1,298,971.13 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-IO 0.00 0.00 151,333.33 0.00 44,400,000.00 B-IO 0.00 0.00 151,666.67 0.00 52,000,000.00 A-INV-IO 0.00 0.00 94,756.67 0.00 526,900,000.00 A1 0.00 0.00 366,900.99 0.00 289,390,296.12 A2 0.00 0.00 240,412.02 0.00 186,927,985.79 M1 0.00 0.00 65,886.71 0.00 39,440,000.00 M2 0.00 0.00 89,393.49 0.00 33,380,000.00 M3 0.00 0.00 31,641.70 0.00 10,620,000.00 M4 0.00 0.00 66,884.22 0.00 15,200,000.00 M5 0.00 0.00 40,095.33 0.00 9,112,000.00 X 0.00 0.00 0.45 0.00 0.01 P 0.00 0.00 174,159.56 0.00 100.00 Totals 0.00 0.00 1,473,131.14 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-IO 0.00 4.00000% 955.78947368 3.18596484 0.00000000 0.00000000 B-IO 0.00 3.50000% 1000.00000000 2.91666673 0.00000000 0.00000000 A-INV-IO 0.00 0.20000% 917.00000000 0.15792778 0.00000000 0.00000000 A1 302,800,000.00 1.44000% 977.17269214 1.21169415 0.00000000 0.00000000 A2 196,200,000.00 1.46000% 974.64200270 1.22534159 0.00000000 0.00000000 M1 39,440,000.00 1.94000% 1000.00000000 1.67055553 0.00000000 0.00000000 M2 33,380,000.00 3.11000% 1000.00000000 2.67805542 0.00000000 0.00000000 M3 10,620,000.00 3.46000% 1000.00000000 2.97944444 0.00000000 0.00000000 M4 15,200,000.00 5.11000% 1000.00000000 4.40027763 0.00000000 0.00000000 M5 9,112,000.00 5.11000% 1000.00000000 4.40027766 0.00000000 0.00000000 X 0.01 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-IO 0.00000000 0.00000000 3.18596484 0.00000000 934.73684211 B-IO 0.00000000 0.00000000 2.91666673 0.00000000 1000.00000000 A-INV-IO 0.00000000 0.00000000 0.15792778 0.00000000 878.16666667 A1 0.00000000 0.00000000 1.21169415 0.00000000 955.71432008 A2 0.00000000 0.00000000 1.22534159 0.00000000 952.74202747 M1 0.00000000 0.00000000 1.67055553 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.67805542 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.97944444 0.00000000 1000.00000000 M4 0.00000000 0.00000000 4.40027763 0.00000000 1000.00000000 M5 0.00000000 0.00000000 4.40027766 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1741595.60000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,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 12,312,923.58 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 133,675.64 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 174,159.56 Total Deposits 12,620,758.78 Withdrawals Reimbursement for Servicer Advances 93,197.12 Payment of Service Fee 260,060.32 Payment of Interest and Principal 12,267,501.34 Total Withdrawals (Pool Distribution Amount) 12,620,758.78 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 248,813.32 Strip Amount 11,247.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 260,060.32
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.45 0.45 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 3 0 0 3 262,801.66 0.00 0.00 262,801.66 30 Days 66 0 0 0 66 10,209,596.45 0.00 0.00 0.00 10,209,596.45 60 Days 36 0 0 0 36 5,125,239.02 0.00 0.00 0.00 5,125,239.02 90 Days 14 0 1 0 15 2,255,377.39 0.00 117,534.14 0.00 2,372,911.53 120 Days 0 0 4 0 4 0.00 0.00 513,630.28 0.00 513,630.28 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 116 3 5 0 124 17,590,212.86 262,801.66 631,164.42 0.00 18,484,178.94 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.079470% 0.000000% 0.000000% 0.079470% 0.044646% 0.000000% 0.000000% 0.044646% 30 Days 1.748344% 0.000000% 0.000000% 0.000000% 1.748344% 1.734468% 0.000000% 0.000000% 0.000000% 1.734468% 60 Days 0.953642% 0.000000% 0.000000% 0.000000% 0.953642% 0.870707% 0.000000% 0.000000% 0.000000% 0.870707% 90 Days 0.370861% 0.000000% 0.026490% 0.000000% 0.397351% 0.383157% 0.000000% 0.019967% 0.000000% 0.403125% 120 Days 0.000000% 0.000000% 0.105960% 0.000000% 0.105960% 0.000000% 0.000000% 0.087259% 0.000000% 0.087259% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.072848% 0.079470% 0.132450% 0.000000% 3.284768% 2.988332% 0.044646% 0.107226% 0.000000% 3.140205%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 133,675.64
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.698936% Weighted Average Net Coupon 7.198936% Weighted Average Pass-Through Rate 7.198936% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 3,815 Number Of Loans Paid In Full 40 Ending Scheduled Collateral Loan Count 3,775 Beginning Scheduled Collateral Balance 597,151,947.36 Ending Scheduled Collateral Balance 588,629,741.00 Ending Actual Collateral Balance at 31-Aug-2003 588,629,741.00 Monthly P &I Constant 4,309,682.66 Special Servicing Fee 0.00 Prepayment Penalties 174,159.56 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 588,629,741.00 Scheduled Principal 478,487.38 Unscheduled Principal 8,043,718.98 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 14,258,683.44 Overcollateralized Amount 2,287,195.25 Overcollateralized Deficiency Amount 11,971,488.20 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,272,163.84
Miscellaneous Reporting Overcollateralized Amount 2,287,195.25 Overcollateralization Deficiency Amount 11,971,488.20 Overcollateralization Release Amount 0.00 Overcollateralization Target Amount 14,258,683.44 A1 PTR (excl CAP) for Next Distribution 1.450% A2 PTR (excl CAP) for Next Distribution 1.470% M1 PTR (excl CAP) for Next Distribution 1.950% M2 PTR (excl CAP) for Next Distribution 3.120% M3 PTR (excl CAP) for Next Distribution 3.470% M4 PTR (excl CAP) for Next Distribution 5.120% M5 PTR (excl CAP) for Next Distribution 5.120% Overcollateralization Increase 2,272,163.84 Percentage of PPP being passed 90.9091% Has a Stepdown Date occurred? If so, wh NO Did a Trigger Event occur? NO
Group Level Collateral Statement Group Sub Group 1 Sub Group 1 Sub Group 1 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.684172 7.559492 7.934004 Weighted Average Net Rate 7.184172 7.059492 7.434004 Weighted Average Maturity (3) (3) (3) Beginning Loan Count 1,889 103 471 Loans Paid In Full 24 1 3 Ending Loan Count 1,865 102 468 Beginning Scheduled Balance 289,701,298.60 14,897,814.00 58,023,482.73 Ending scheduled Balance 285,424,188.98 14,632,878.11 57,435,646.19 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 2,072,808.04 105,340.85 439,304.73 Scheduled Principal 217,712.58 11,490.93 55,672.61 Unscheduled Principal 4,059,397.04 253,444.96 532,163.93 Scheduled Interest 1,855,095.46 93,849.92 383,632.12 Servicing Fees 120,708.88 6,207.42 24,176.46 Master Servicing Fees 0.00 0.00 0.00 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 Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 1,734,386.58 87,642.50 359,455.66 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 Pass-Through Rate 7.184172 7.059492 7.434004
Group Level Collateral Statement Group Sub Group 2 Sub Group 2 Sub Group 2 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.479184 7.346615 8.176592 Weighted Average Net Rate 6.979184 6.846615 7.676592 Weighted Average Maturity (3) (3) (3) Beginning Loan Count 755 32 565 Loans Paid In Full 10 1 1 Ending Loan Count 745 31 564 Beginning Scheduled Balance 164,031,275.17 5,919,051.06 64,579,025.80 Ending scheduled Balance 161,204,128.18 5,496,002.00 64,436,897.54 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 1,149,553.53 40,968.40 501,707.11 Scheduled Principal 127,203.51 4,730.91 61,676.84 Unscheduled Principal 2,699,943.48 418,318.15 80,451.42 Scheduled Interest 1,022,350.02 36,237.49 440,030.27 Servicing Fees 68,346.37 2,466.27 26,907.92 Master Servicing Fees 0.00 0.00 0.00 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 Fee 1 0.00 0.00 0.00 Spread Fee 2 0.00 0.00 0.00 Spread Fee 3 0.00 0.00 0.00 Net Interest 954,003.65 33,771.22 413,122.35 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 Pass-Through Rate 6.979184 6.846615 7.676592
Group Level Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.698936 Weighted Average Net Rate 7.198936 Weighted Average Maturity 350.00 Record Date 08/31/2003 Principal And Interest Constant 4,309,682.66 Beginning Loan Count 3,815 Loans Paid In Full 40 Ending Loan Count 3,775 Beginning Scheduled Balance 597,151,947.36 Ending Scheduled Balance 588,629,741.00 Scheduled Principal 478,487.38 Unscheduled Principal 8,043,718.98 Scheduled Interest 3,831,195.28 Servicing Fee 248,813.32 Master Servicing Fee 0.00 Trustee Fee 0.00 Fry Amount 0.00 Special Hazard Fee 0.00 Other Fee 0.00 Pool Insurance Fee 0.00 Spread 1 0.00 Spread 2 0.00 Spread 3 0.00 Net Interest 3,582,381.96 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.198936
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