-----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, L/4rkf8aR01tMmAEYzhSirwH8P6rkcljuOvWjb+lJPSuXcpobYEHEhrJ7cK1n++W ugIY2Dfam0ejPXno/4U1yw== 0001056404-03-002563.txt : 20031224 0001056404-03-002563.hdr.sgml : 20031224 20031224103523 ACCESSION NUMBER: 0001056404-03-002563 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031215 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031224 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/A SEC ACT: 1934 Act SEC FILE NUMBER: 333-86750-05 FILM NUMBER: 031072978 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/A 1 abs03he3.txt DECEMBER 8-K/A 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): July 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 54-2116940 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 Subsequent to filing the 8-K relating to the payment date on July 15, 2003, a revision was made to the ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset-Backed Pass-Through Certificates, Series 2003-HE3 which was not included in the original 8-K filed. This revision was not previously disclosed in a 1934 Act filing. An amended 8-K will be filed. The revised data has been and will continue to be available on the Wells Fargo Bank, Minnesota, as Trustee, website at www.ctslink.com. 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 Amended monthly report distributed to holders of Asset-Backed Pass-Through Certificates, Series 2003-HE3 Trust, relating to the July 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 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: 11/4/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Amended monthly report distributed to holders of Asset-Backed Pass-Through Certificates, Series 2003-HE3 Trust, relating to the July 15, 2003 distribution. EX-99.1
Asset Backed Securities Corp Home Equity Loan Trust Asset- Backed Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/15/03 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% 0.00 158,333.33 0.00 B-IO 04541GED0 SUB IO 3.50000% 0.00 212,333.33 0.00 A-INV-IO 04541GEC2 SEN IO 0.00000% 0.00 0.00 0.00 A1 04541GEH1 SEN 1.65000% 302,800,000.00 582,890.00 2,498,221.10 A2 04541GEJ7 SEN 1.67000% 196,200,000.00 382,263.00 2,005,493.24 M1 04541GEL2 MEZ 2.15000% 39,440,000.00 98,928.67 0.00 M2 04541GEM0 MEZ 3.32000% 33,380,000.00 129,291.87 0.00 M3 04541GEN8 MEZ 3.67000% 10,620,000.00 45,471.30 0.00 M4 04541GEP3 MEZ 5.32000% 15,200,000.00 94,341.33 0.00 M5 04541GEQ1 MEZ 5.32000% 9,112,000.00 56,555.15 0.00 X 04541GEE8 SUB OC 0.00000% 0.01 1,863,132.00 0.00 P 04541GEF5 SEN 0.00000% 100.00 21,974.80 0.00 Totals 606,752,100.01 3,645,514.78 4,503,714.34
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 158,333.33 0.00 B-IO 0.00 0.00 212,333.33 0.00 A-INV-IO 0.00 0.00 0.00 0.00 A1 0.00 300,301,778.90 3,081,111.10 0.00 A2 0.00 194,194,506.76 2,387,756.24 0.00 M1 0.00 39,440,000.00 98,928.67 0.00 M2 0.00 33,380,000.00 129,291.87 0.00 M3 0.00 10,620,000.00 45,471.30 0.00 M4 0.00 15,200,000.00 94,341.33 0.00 M5 0.00 9,112,000.00 56,555.15 0.00 X 0.00 0.01 1,863,132.00 0.00 P 0.00 100.00 21,974.80 0.00 Totals 0.00 602,248,385.67 8,149,229.12 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 302,800,000.00 302,800,000.00 0.00 2,498,221.10 0.00 0.00 A2 196,200,000.00 196,200,000.00 0.00 2,005,493.24 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 606,752,100.01 606,752,100.01 0.00 4,503,714.34 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 2,498,221.10 300,301,778.90 0.99174960 2,498,221.10 A2 2,005,493.24 194,194,506.76 0.98977832 2,005,493.24 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 4,503,714.34 602,248,385.67 0.99257734 4,503,714.34
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 1000.00000000 0.00000000 8.25039993 0.00000000 A2 196,200,000.00 1000.00000000 0.00000000 10.22167808 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 8.25039993 991.74960007 0.99174960 8.25039993 A2 0.00000000 10.22167808 989.77832192 0.98977832 10.22167808 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% 47,500,000.00 158,333.33 0.00 0.00 B-IO 0.00 3.50000% 52,000,000.00 212,333.33 0.00 0.00 A-INV-IO 0.00 0.00000% 600,000,000.00 0.00 0.00 0.00 A1 302,800,000.00 1.65000% 302,800,000.00 582,890.00 0.00 0.00 A2 196,200,000.00 1.67000% 196,200,000.00 382,263.00 0.00 0.00 M1 39,440,000.00 2.15000% 39,440,000.00 98,928.67 0.00 0.00 M2 33,380,000.00 3.32000% 33,380,000.00 129,291.87 0.00 0.00 M3 10,620,000.00 3.67000% 10,620,000.00 45,471.30 0.00 0.00 M4 15,200,000.00 5.32000% 15,200,000.00 94,341.33 0.00 0.00 M5 9,112,000.00 5.32000% 9,112,000.00 56,555.15 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 1,760,407.98 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 0.00 158,333.33 0.00 46,400,000.00 B-IO 0.00 0.00 212,333.33 0.00 52,000,000.00 A-INV-IO 0.00 0.00 0.00 0.00 574,600,000.00 A1 0.00 0.00 582,890.00 0.00 300,301,778.90 A2 0.00 0.00 382,263.00 0.00 194,194,506.76 M1 0.00 0.00 98,928.67 0.00 39,440,000.00 M2 0.00 0.00 129,291.87 0.00 33,380,000.00 M3 0.00 0.00 45,471.30 0.00 10,620,000.00 M4 0.00 0.00 94,341.33 0.00 15,200,000.00 M5 0.00 0.00 56,555.15 0.00 9,112,000.00 X 7,663.26 0.00 1,863,132.00 0.00 0.01 P 0.00 0.00 21,974.80 0.00 100.00 Totals 7,663.26 0.00 3,645,514.78 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% 1000.00000000 3.33333326 0.00000000 0.00000000 B-IO 0.00 3.50000% 1000.00000000 4.08333327 0.00000000 0.00000000 A-INV-IO 0.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 A1 302,800,000.00 1.65000% 1000.00000000 1.92500000 0.00000000 0.00000000 A2 196,200,000.00 1.67000% 1000.00000000 1.94833333 0.00000000 0.00000000 M1 39,440,000.00 2.15000% 1000.00000000 2.50833342 0.00000000 0.00000000 M2 33,380,000.00 3.32000% 1000.00000000 3.87333343 0.00000000 0.00000000 M3 10,620,000.00 3.67000% 1000.00000000 4.28166667 0.00000000 0.00000000 M4 15,200,000.00 5.32000% 1000.00000000 6.20666645 0.00000000 0.00000000 M5 9,112,000.00 5.32000% 1000.00000000 6.20666703 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 3.33333326 0.00000000 976.84210526 B-IO 0.00000000 0.00000000 4.08333327 0.00000000 1000.00000000 A-INV-IO 0.00000000 0.00000000 0.00000000 0.00000000 957.66666667 A1 0.00000000 0.00000000 1.92500000 0.00000000 991.74960007 A2 0.00000000 0.00000000 1.94833333 0.00000000 989.77832192 M1 0.00000000 0.00000000 2.50833342 0.00000000 1000.00000000 M2 0.00000000 0.00000000 3.87333343 0.00000000 1000.00000000 M3 0.00000000 0.00000000 4.28166667 0.00000000 1000.00000000 M4 0.00000000 0.00000000 6.20666645 0.00000000 1000.00000000 M5 0.00000000 0.00000000 6.20666703 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 219748.00000000 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 8,356,137.59 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 35,171.23 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 21,974.80 Total Deposits 8,413,283.62 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 264,054.50 Payment of Interest and Principal 8,149,229.12 Total Withdrawals (Pool Distribution Amount) 8,413,283.62 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 7,663.26
SERVICING FEES Gross Servicing Fee 252,318.50 Strip Amount 11,736.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 264,054.50
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 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 1 0 0 1 128,867.02 0.00 0.00 128,867.02 30 Days 26 0 0 0 26 4,191,246.95 0.00 0.00 0.00 4,191,246.95 60 Days 4 0 0 0 4 514,094.50 0.00 0.00 0.00 514,094.50 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 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 30 1 0 0 31 4,705,341.45 128,867.02 0.00 0.00 4,834,208.47 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 0.026035% 0.000000% 0.000000% 0.026035% 0.021398% 0.000000% 0.000000% 0.021398% 30 Days 0.676907% 0.000000% 0.000000% 0.000000% 0.676907% 0.695933% 0.000000% 0.000000% 0.000000% 0.695933% 60 Days 0.104140% 0.000000% 0.000000% 0.000000% 0.104140% 0.085362% 0.000000% 0.000000% 0.000000% 0.085362% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.781047% 0.026035% 0.000000% 0.000000% 0.807081% 0.781295% 0.021398% 0.000000% 0.000000% 0.802693%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 35,171.23
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.703815% Weighted Average Net Coupon 7.204793% Weighted Average Pass-Through Rate 7.166427% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 3,862 Number Of Loans Paid In Full 21 Ending Scheduled Collateral Loan Count 3,841 Beginning Scheduled Collateral Balance 606,752,100.01 Ending Scheduled Collateral Balance 602,248,773.24 Ending Actual Collateral Balance at 30-Jun-2003 602,248,773.24 Monthly P &I Constant 4,371,516.85 Special Servicing Fee 0.00 Prepayment Penalties 21,974.80 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 602,248,773.24 Scheduled Principal 476,259.63 Unscheduled Principal 4,027,454.71 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 387.58 Overcollateralized Deficiency Amount 14,258,295.86 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 1,883,688.42
Miscellaneous Reporting Overcollateralization Release Amount 0.00 A1 PTR (excl CAP) for Next Distribution 1.436880% A2 PTR (excl CAP) for Next Distribution 1.456880% M1 PTR (excl CAP) for Next Distribution 1.936880% M2 PTR (excl CAP) for Next Distribution 3.106880% M3 PTR (excl CAP) for Next Distribution 3.456880% M4 PTR (excl CAP) for Next Distribution 5.106880% M5 PTR (excl CAP) for Next Distribution 5.106880% Overcollateralization Increase 0.00 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 7.691010 7.559192 7.942902 Weighted Average Net Rate 7.192316 7.059191 7.442902 Weighted Average Maturity (1) (1) (1) Beginning Loan Count 1,917 103 473 Loans Paid In Full 13 0 0 Ending Loan Count 1,904 103 473 Beginning Scheduled Balance 294,645,285.13 14,921,917.46 58,600,462.93 Ending scheduled Balance 292,237,954.63 14,909,645.19 58,521,844.60 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 2,105,437.42 105,282.39 442,870.74 Scheduled Principal 217,004.26 11,284.36 54,989.29 Unscheduled Principal 2,190,326.24 987.91 23,629.04 Scheduled Interest 1,888,433.16 93,998.03 387,881.45 Servicing Fees 122,448.08 6,217.47 24,416.86 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 1,765,985.08 87,780.56 363,464.59 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 7.192316 7.059192 7.442902
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 7.483033 7.385931 8.180182 Weighted Average Net Rate 6.983033 6.914877 7.680565 Weighted Average Maturity (1) (1) (1) Beginning Loan Count 767 34 568 Loans Paid In Full 5 1 2 Ending Loan Count 762 33 566 Beginning Scheduled Balance 167,365,591.94 6,364,363.38 64,854,866.74 Ending scheduled Balance 165,915,410.83 5,991,019.29 64,672,898.70 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 1,171,216.59 43,874.57 502,835.14 Scheduled Principal 127,548.12 4,702.28 60,731.32 Unscheduled Principal 1,322,632.99 368,641.81 121,236.72 Scheduled Interest 1,043,668.47 39,172.29 442,103.82 Servicing Fees 69,735.66 2,498.30 27,002.13 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 973,932.81 36,673.99 415,101.69 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 6.983033 6.914877 7.680565
Group Level Collateral Statement Group Total Collateral Description Fixed & Mixed ARM Weighted Average Coupon Rate 7.703815 Weighted Average Net Rate 7.204793 Weighted Average Maturity 352.00 Record Date 06/30/2003 Principal And Interest Constant 4,371,516.85 Beginning Loan Count 3,862 Loans Paid In Full 21 Ending Loan Count 3,841 Beginning Scheduled Balance 606,752,487.58 Ending Scheduled Balance 602,248,773.24 Scheduled Principal 476,259.63 Unscheduled Principal 4,027,454.71 Scheduled Interest 3,895,257.22 Servicing Fee 252,318.50 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 3,642,938.72 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 7.166427
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