-----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, ReaXXGoQdSoTJ2outuGHcL1jITjmm2uI2Kf6TqiAKqlz7OFvtQi4F4zoxK0iaaY1 Sehv+kMa2pdjTUTm/QtpPg== 0001056404-03-002213.txt : 20031124 0001056404-03-002213.hdr.sgml : 20031124 20031124095643 ACCESSION NUMBER: 0001056404-03-002213 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031115 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031124 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: 031019607 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 NOVEMBER 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): November 17, 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 54-2116940 Pooling and Servicing Agreement) (Commission 54-2116934 (State or other File Number) 54-2116935 jurisdiction 54-2116937 of Incorporation) 54-2116939 54-2116938 54-2116936 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 November 17, 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 November 17, 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 SECURITIES 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/21/03 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 November 17, 2003 distribution. EX-99.1
Asset Backed Securities Corp Home Equity Loan Trust Asset-Backed Pass-Through Certificates Record Date: 10/31/03 Distribution Date: 11/17/03 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% 0.00 144,666.67 0.00 B-IO 04541GED0 SUB IO 3.50000% 0.00 151,666.67 0.00 A-INV-IO 04541GEC2 SEN IO 0.19000% 0.00 87,867.08 0.00 A1 04541GEH1 SEN 1.45000% 279,714,312.29 371,786.94 8,862,062.71 A2 04541GEJ7 SEN 1.47000% 180,200,847.85 242,820.64 7,239,231.15 M1 04541GEL2 MEZ 1.95000% 39,440,000.00 70,499.00 0.00 M2 04541GEM0 MEZ 3.12000% 33,380,000.00 95,466.80 0.00 M3 04541GEN8 MEZ 3.47000% 10,620,000.00 33,780.45 0.00 M4 04541GEP3 MEZ 5.12000% 15,200,000.00 71,338.67 0.00 M5 04541GEQ1 MEZ 5.12000% 9,112,000.00 42,765.65 0.00 X 04541GEE8 SUB OC 0.00000% 0.01 0.46 0.00 P 04541GEF5 SEN 0.00000% 100.00 294,411.95 0.00 Totals 567,667,260.15 1,607,070.98 16,101,293.86
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 144,666.67 0.00 B-IO 0.00 0.00 151,666.67 0.00 A-INV-IO 0.00 0.00 87,867.08 0.00 A1 0.00 270,852,249.58 9,233,849.65 0.00 A2 0.00 172,961,616.70 7,482,051.79 0.00 M1 0.00 39,440,000.00 70,499.00 0.00 M2 0.00 33,380,000.00 95,466.80 0.00 M3 0.00 10,620,000.00 33,780.45 0.00 M4 0.00 15,200,000.00 71,338.67 0.00 M5 0.00 9,112,000.00 42,765.65 0.00 X 0.00 0.01 0.46 0.00 P 0.00 100.00 294,411.95 0.00 Totals 0.00 551,565,966.29 17,708,364.84 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 302,800,000.00 279,714,312.29 0.00 8,862,062.71 0.00 0.00 A2 196,200,000.00 180,200,847.85 0.00 7,239,231.15 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 606,752,100.01 567,667,260.15 0.00 16,101,293.86 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 8,862,062.71 270,852,249.58 0.89449224 8,862,062.71 A2 7,239,231.15 172,961,616.70 0.88155768 7,239,231.15 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 16,101,293.86 551,565,966.29 0.90904665 16,101,293.86
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 302,800,000.00 923.75928762 0.00000000 29.26704990 0.00000000 A2 196,200,000.00 918.45488201 0.00000000 36.89720260 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 29.26704990 894.49223771 0.89449224 29.26704990 A2 0.00000000 36.89720260 881.55767941 0.88155768 36.89720260 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, Bankruptcy, 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% 43,400,000.00 144,666.67 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 0.19000% 504,500,000.00 87,867.08 0.00 0.00 A1 302,800,000.00 1.45000% 279,714,312.29 371,786.94 0.00 0.00 A2 196,200,000.00 1.47000% 180,200,847.85 242,820.64 0.00 0.00 M1 39,440,000.00 1.95000% 39,440,000.00 70,499.00 0.00 0.00 M2 33,380,000.00 3.12000% 33,380,000.00 95,466.80 0.00 0.00 M3 10,620,000.00 3.47000% 10,620,000.00 33,780.45 0.00 0.00 M4 15,200,000.00 5.12000% 15,200,000.00 71,338.67 0.00 0.00 M5 9,112,000.00 5.12000% 9,112,000.00 42,765.65 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 1,312,658.57 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 0.00 144,666.67 0.00 42,400,000.00 B-IO 0.00 0.00 151,666.67 0.00 52,000,000.00 A-INV-IO 0.00 0.00 87,867.08 0.00 483,100,000.00 A1 0.00 0.00 371,786.94 0.00 270,852,249.58 A2 0.00 0.00 242,820.64 0.00 172,961,616.70 M1 0.00 0.00 70,499.00 0.00 39,440,000.00 M2 0.00 0.00 95,466.80 0.00 33,380,000.00 M3 0.00 0.00 33,780.45 0.00 10,620,000.00 M4 0.00 0.00 71,338.67 0.00 15,200,000.00 M5 0.00 0.00 42,765.65 0.00 9,112,000.00 X 0.00 0.00 0.46 0.00 0.01 P 0.00 0.00 294,411.95 0.00 100.00 Totals 0.00 0.00 1,607,070.98 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 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% 913.68421053 3.04561411 0.00000000 0.00000000 B-IO 0.00 3.50000% 1000.00000000 2.91666673 0.00000000 0.00000000 A-INV-IO 0.00 0.19000% 840.83333333 0.14644513 0.00000000 0.00000000 A1 302,800,000.00 1.45000% 923.75928762 1.22783005 0.00000000 0.00000000 A2 196,200,000.00 1.47000% 918.45488201 1.23761794 0.00000000 0.00000000 M1 39,440,000.00 1.95000% 1000.00000000 1.78750000 0.00000000 0.00000000 M2 33,380,000.00 3.12000% 1000.00000000 2.86000000 0.00000000 0.00000000 M3 10,620,000.00 3.47000% 1000.00000000 3.18083333 0.00000000 0.00000000 M4 15,200,000.00 5.12000% 1000.00000000 4.69333355 0.00000000 0.00000000 M5 9,112,000.00 5.12000% 1000.00000000 4.69333297 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 3.04561411 0.00000000 892.63157895 B-IO 0.00000000 0.00000000 2.91666673 0.00000000 1000.00000000 A-INV-IO 0.00000000 0.00000000 0.14644513 0.00000000 805.16666667 A1 0.00000000 0.00000000 1.22783005 0.00000000 894.49223771 A2 0.00000000 0.00000000 1.23761794 0.00000000 881.55767941 M1 0.00000000 0.00000000 1.78750000 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.86000000 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.18083333 0.00000000 1000.00000000 M4 0.00000000 0.00000000 4.69333355 0.00000000 1000.00000000 M5 0.00000000 0.00000000 4.69333297 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 2944119.50000000 0.00000000 1000.00000000 (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 17,634,640.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 166,748.13 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 294,411.95 Total Deposits 18,095,801.00 Withdrawals Reimbursement for Servicer Advances 137,309.52 Payment of Service Fee 250,126.64 Payment of Interest and Principal 17,708,364.84 Total Withdrawals (Pool Distribution Amount) 18,095,801.00 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 239,352.34 Strip Amount 10,774.30 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 250,126.64
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.46 0.46 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 11 0 0 11 996,293.86 0.00 0.00 996,293.86 30 Days 90 2 0 0 92 12,236,650.75 232,366.20 0.00 0.00 12,469,016.95 60 Days 14 1 15 0 30 1,985,429.97 75,016.28 2,713,210.82 0.00 4,773,657.07 90 Days 0 0 20 0 20 0.00 0.00 2,904,689.50 0.00 2,904,689.50 120 Days 4 1 11 1 17 278,232.09 97,163.28 1,753,376.25 37,356.31 2,166,127.93 150 Days 0 1 4 0 5 0.00 62,697.46 782,244.88 0.00 844,942.34 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 108 16 50 1 175 14,500,312.81 1,463,537.08 8,153,521.45 37,356.31 24,154,727.65 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 0.303114% 0.000000% 0.000000% 0.303114% 0.177746% 0.000000% 0.000000% 0.177746% 30 Days 2.480022% 0.055112% 0.000000% 0.000000% 2.535134% 2.183103% 0.041456% 0.000000% 0.000000% 2.224559% 60 Days 0.385781% 0.027556% 0.413337% 0.000000% 0.826674% 0.354214% 0.013383% 0.484056% 0.000000% 0.851653% 90 Days 0.000000% 0.000000% 0.551116% 0.000000% 0.551116% 0.000000% 0.000000% 0.518217% 0.000000% 0.518217% 120 Days 0.110223% 0.027556% 0.303114% 0.027556% 0.468449% 0.049639% 0.017335% 0.312814% 0.006665% 0.386452% 150 Days 0.000000% 0.027556% 0.110223% 0.000000% 0.137779% 0.000000% 0.011186% 0.139558% 0.000000% 0.150744% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.976026% 0.440893% 1.377790% 0.027556% 4.822265% 2.586956% 0.261105% 1.454645% 0.006665% 4.309370%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 166,748.13
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.689317% Weighted Average Net Coupon 7.189364% Weighted Average Pass-Through Rate 7.189364% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 3,700 Number Of Loans Paid In Full 71 Ending Scheduled Collateral Loan Count 3,629 Beginning Scheduled Collateral Balance 574,499,253.80 Ending Scheduled Collateral Balance 560,516,430.59 Ending Actual Collateral Balance at 31-Oct-2003 560,516,430.59 Monthly P &I Constant 4,150,035.33 Special Servicing Fee 0.00 Prepayment Penalties 294,411.95 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 560,516,430.59 Scheduled Principal 468,466.08 Unscheduled Principal 13,514,357.13 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 6,831,993.66 Overcollateralized Deficiency Amount 7,426,689.78 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 2,118,470.65
Miscellaneous Reporting Overcollateralization Release Amount 0.00 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 2,118,470.65 Percentage of PPP being passed 100.00% 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 7.673230 7.582456 7.929652 Weighted Average Net Rate 7.173230 7.082456 7.429652 Weighted Average Maturity (5) (5) (5) Beginning Loan Count 1,826 101 461 Loans Paid In Full 37 0 6 Ending Loan Count 1,789 101 455 Beginning Scheduled Balance 278,747,506.82 14,480,965.44 55,928,854.16 Ending scheduled Balance 271,707,141.55 14,470,752.55 55,283,364.09 Record Date 10/31/2003 10/31/2003 10/31/2003 Principal And Interest Constant 1,995,216.42 102,730.49 424,665.10 Scheduled Principal 212,805.03 11,229.42 55,084.83 Unscheduled Principal 6,827,560.24 (1,016.53) 590,405.24 Scheduled Interest 1,782,411.39 91,501.07 369,580.27 Servicing Fees 116,144.79 6,033.74 23,303.69 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 1,666,266.60 85,467.33 346,276.58 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 7.173230 7.082456 7.429652
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 7.465837 7.277003 8.173878 Weighted Average Net Rate 6.965837 6.777005 7.673878 Weighted Average Maturity (5) (5) (5) Beginning Loan Count 730 30 552 Loans Paid In Full 21 0 7 Ending Loan Count 709 30 545 Beginning Scheduled Balance 157,350,840.23 5,368,334.58 62,622,752.57 Ending scheduled Balance 152,269,261.70 5,363,943.91 61,421,966.79 Record Date 10/31/2003 10/31/2003 10/31/2003 Principal And Interest Constant 1,102,836.45 36,944.75 487,642.12 Scheduled Principal 123,873.39 4,390.26 61,083.15 Unscheduled Principal 4,957,705.14 0.41 1,139,702.63 Scheduled Interest 978,963.06 32,554.49 426,558.97 Servicing Fees 65,562.85 2,236.80 26,092.81 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 913,400.21 30,317.69 400,466.16 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.965837 6.777003 7.673878
Group Level Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.689317 Weighted Average Net Rate 7.189364 Weighted Average Maturity 348.00 Record Date 10/31/2003 Principal And Interest Constant 4,150,035.33 Beginning Loan Count 3,700 Loans Paid In Full 71 Ending Loan Count 3,629 Beginning Scheduled Balance 574,499,253.80 Ending Scheduled Balance 560,516,430.59 Scheduled Principal 468,466.08 Unscheduled Principal 13,514,357.13 Scheduled Interest 3,681,569.25 Servicing Fee 239,374.68 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 3,442,194.57 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.0000 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.189364
-----END PRIVACY-ENHANCED MESSAGE-----