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 2002-7
Record Date: October 31, 2003
Distribution Date: November 20, 2003
Certificateholder Distribution Summary
Certificate | Beginning | |||||||||||||||||||||||||
Class | Certificate Pass- | Certificate | Interest | Principal | ||||||||||||||||||||||
Class | CUSIP | Description | Through Rate | Balance | Distribution | Distribution | ||||||||||||||||||||
A | 81743YAA5 | SEN | 1.46000 | % | 444,788,747.98 | 541,159.64 | 8,627,922.40 | |||||||||||||||||||
A-R | SMT0207AR | SEN | 3.50930 | % | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-1 | 81743YAE7 | SUB | 1.87000 | % | 8,080,000.00 | 12,591.33 | 0.00 | |||||||||||||||||||
B-2 | 81743YAF4 | SUB | 2.67118 | % | 5,771,000.00 | 12,846.14 | 0.00 | |||||||||||||||||||
B-3 | 81743YAG2 | SUB | 2.67118 | % | 3,463,000.00 | 7,708.57 | 0.00 | |||||||||||||||||||
B-4 | SMT0207B4 | SUB | 2.67118 | % | 1,442,000.00 | 3,209.87 | 0.00 | |||||||||||||||||||
B-5 | SMT0207B5 | SUB | 2.67118 | % | 1,154,000.00 | 2,568.78 | 0.00 | |||||||||||||||||||
B-6 | SMT0207B6 | SUB | 2.67118 | % | 2,600,498.71 | 5,788.66 | 0.00 | |||||||||||||||||||
X-1 | 81743YAC1 | SEN | 1.00848 | % | 0.00 | 66,355.59 | 0.00 | |||||||||||||||||||
X-2 | 81743YAD9 | SEN | 1.24512 | % | 0.00 | 387,970.91 | 0.00 | |||||||||||||||||||
Totals | 467,299,246.69 | 1,040,199.49 | 8,627,922.40 | |||||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Ending | ||||||||||||||||||
Current | Certificate | Total | Cumulative | |||||||||||||||
Class | Realized Loss | Balance | Distribution | Realized Loss | ||||||||||||||
A | 0.00 | 436,160,825.58 | 9,169,082.04 | 0.00 | ||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||
B-1 | 0.00 | 8,080,000.00 | 12,591.33 | 0.00 | ||||||||||||||
B-2 | 0.00 | 5,771,000.00 | 12,846.14 | 0.00 | ||||||||||||||
B-3 | 0.00 | 3,463,000.00 | 7,708.57 | 0.00 | ||||||||||||||
B-4 | 0.00 | 1,442,000.00 | 3,209.87 | 0.00 | ||||||||||||||
B-5 | 0.00 | 1,154,000.00 | 2,568.78 | 0.00 | ||||||||||||||
B-6 | 0.00 | 2,600,498.71 | 5,788.66 | 0.00 | ||||||||||||||
X-1 | 0.00 | 0.00 | 66,355.59 | 0.00 | ||||||||||||||
X-2 | 0.00 | 0.00 | 387,970.91 | 0.00 | ||||||||||||||
Totals | 0.00 | 458,671,324.29 | 9,668,121.89 | 0.00 | ||||||||||||||
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement
Beginning | Scheduled | Unscheduled | ||||||||||||||||||||||||
Original Face | Certificate | Principal | Principal | Realized | ||||||||||||||||||||||
Class | Amount | Balance | Distribution | Distribution | Accretion | Loss (1) | ||||||||||||||||||||
A | 554,686,000.00 | 444,788,747.98 | 2.15 | 8,627,920.25 | 0.00 | 0.00 | ||||||||||||||||||||
A-R | 100.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-1 | 8,080,000.00 | 8,080,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-2 | 5,771,000.00 | 5,771,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-3 | 3,463,000.00 | 3,463,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-4 | 1,442,000.00 | 1,442,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-5 | 1,154,000.00 | 1,154,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-6 | 2,600,498.71 | 2,600,498.71 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
X-1 | 50.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
X-2 | 50.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
Totals | 577,196,698.71 | 467,299,246.69 | 2.15 | 8,627,920.25 | 0.00 | 0.00 | ||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Ending | Ending | |||||||||||||||||
Total Principal | Certificate | Certificate | Total Principal | |||||||||||||||
Class | Reduction | Balance | Percentage | Distribution | ||||||||||||||
A | 8,627,922.40 | 436,160,825.58 | 0.78632023 | 8,627,922.40 | ||||||||||||||
A-R | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
B-1 | 0.00 | 8,080,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-2 | 0.00 | 5,771,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-3 | 0.00 | 3,463,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-4 | 0.00 | 1,442,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-5 | 0.00 | 1,154,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-6 | 0.00 | 2,600,498.71 | 1.00000000 | 0.00 | ||||||||||||||
X-1 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
X-2 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
Totals | 8,627,922.40 | 458,671,324.29 | 0.79465341 | 8,627,922.40 | ||||||||||||||
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description.
Principal Distribution Factors Statement
Beginning | Scheduled | Unscheduled | |||||||||||||||||||||||
Original Face | Certificate | Principal | Principal | Realized | |||||||||||||||||||||
Class | Amount | Balance | Distribution | Distribution | Accretion | Loss (3) | |||||||||||||||||||
A | 554,686,000.00 | 801.87484086 | 0.00000388 | 15.55460251 | 0.00000000 | 0.00000000 | |||||||||||||||||||
A-R | 100.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-1 | 8,080,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-2 | 5,771,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-3 | 3,463,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-4 | 1,442,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-5 | 1,154,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-6 | 2,600,498.71 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
X-1 | 50.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
X-2 | 50.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Ending | Ending | ||||||||||||||||
Total Principal | Certificate | Certificate | Total Principal | ||||||||||||||
Class | Reduction | Balance | Percentage | Distribution | |||||||||||||
A | 15.55460639 | 786.32023448 | 0.78632023 | 15.55460639 | |||||||||||||
A-R | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
B-1 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | |||||||||||||
B-2 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | |||||||||||||
B-3 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | |||||||||||||
B-4 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | |||||||||||||
B-5 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | |||||||||||||
B-6 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | |||||||||||||
X-1 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
X-2 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description.
Interest Distribution Statement
Beginning | Payment of | |||||||||||||||||||||||||
Certificate/ | Current | Unpaid | Current | |||||||||||||||||||||||
Original Face | Current | Notional | Accrued | Interest | Interest | |||||||||||||||||||||
Class | Amount | Certificate Rate | Balance | Interest | Shortfall | Shortfall | ||||||||||||||||||||
A | 554,686,000.00 | 1.46000 | % | 444,788,747.98 | 541,159.64 | 0.00 | 0.00 | |||||||||||||||||||
A-R | 100.00 | 3.50930 | % | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-1 | 8,080,000.00 | 1.87000 | % | 8,080,000.00 | 12,591.33 | 0.00 | 0.00 | |||||||||||||||||||
B-2 | 5,771,000.00 | 2.67118 | % | 5,771,000.00 | 12,846.14 | 0.00 | 0.00 | |||||||||||||||||||
B-3 | 3,463,000.00 | 2.67118 | % | 3,463,000.00 | 7,708.57 | 0.00 | 0.00 | |||||||||||||||||||
B-4 | 1,442,000.00 | 2.67118 | % | 1,442,000.00 | 3,209.87 | 0.00 | 0.00 | |||||||||||||||||||
B-5 | 1,154,000.00 | 2.67118 | % | 1,154,000.00 | 2,568.78 | 0.00 | 0.00 | |||||||||||||||||||
B-6 | 2,600,498.71 | 2.67118 | % | 2,600,498.71 | 5,788.66 | 0.00 | 0.00 | |||||||||||||||||||
X-1 | 50.00 | 1.00848 | % | 78,956,928.58 | 66,355.59 | 0.00 | 0.00 | |||||||||||||||||||
X-2 | 50.00 | 1.24512 | % | 373,911,819.40 | 387,970.91 | 0.00 | 0.00 | |||||||||||||||||||
Totals | 577,196,698.71 | 1,040,199.49 | 0.00 | 0.00 | ||||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Non- | Remaining | Ending | ||||||||||||||||||||
Supported | Unpaid | Certificate/ | ||||||||||||||||||||
Interest | Realized | Total Interest | Interest | Notational | ||||||||||||||||||
Class | Shortfall | Loss (4) | Distribution | Shortfall | Balance | |||||||||||||||||
A | 0.00 | 0.00 | 541,159.64 | 0.00 | 436,160,825.58 | |||||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
B-1 | 0.00 | 0.00 | 12,591.33 | 0.00 | 8,080,000.00 | |||||||||||||||||
B-2 | 0.00 | 0.00 | 12,846.14 | 0.00 | 5,771,000.00 | |||||||||||||||||
B-3 | 0.00 | 0.00 | 7,708.57 | 0.00 | 3,463,000.00 | |||||||||||||||||
B-4 | 0.00 | 0.00 | 3,209.87 | 0.00 | 1,442,000.00 | |||||||||||||||||
B-5 | 0.00 | 0.00 | 2,568.78 | 0.00 | 1,154,000.00 | |||||||||||||||||
B-6 | 0.00 | 0.00 | 5,788.66 | 0.00 | 2,600,498.71 | |||||||||||||||||
X-1 | 0.00 | 0.00 | 66,355.59 | 0.00 | 76,838,113.34 | |||||||||||||||||
X-2 | 0.00 | 0.00 | 387,970.91 | 0.00 | 367,402,712.25 | |||||||||||||||||
Totals | 0.00 | 0.00 | 1,040,199.49 | 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 | Current | Unpaid | ||||||||||||||||||
Original Face | Certificate | Certificate/ | Accrued | Interest | |||||||||||||||||
Class (5) | Amount | Rate | Notional Balance | Interest | Shortfall | ||||||||||||||||
A | 554,686,000.00 | 1.46000 | % | 801.87484086 | 0.97561438 | 0.00000000 | |||||||||||||||
A-R | 100.00 | 3.50930 | % | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||
B-1 | 8,080,000.00 | 1.87000 | % | 1000.00000000 | 1.55833292 | 0.00000000 | |||||||||||||||
B-2 | 5,771,000.00 | 2.67118 | % | 1000.00000000 | 2.22598163 | 0.00000000 | |||||||||||||||
B-3 | 3,463,000.00 | 2.67118 | % | 1000.00000000 | 2.22598036 | 0.00000000 | |||||||||||||||
B-4 | 1,442,000.00 | 2.67118 | % | 1000.00000000 | 2.22598474 | 0.00000000 | |||||||||||||||
B-5 | 1,154,000.00 | 2.67118 | % | 1000.00000000 | 2.22597920 | 0.00000000 | |||||||||||||||
B-6 | 2,600,498.71 | 2.67118 | % | 1000.00000000 | 2.22598072 | 0.00000000 | |||||||||||||||
X-1 | 50.00 | 1.00848 | % | 1579138.57160000 | 1327.11180000 | 0.00000000 | |||||||||||||||
X-2 | 50.00 | 1.24512 | % | 7478236.38800000 | 7759.41820000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Non- | Remaining | ||||||||||||||||||||||||
Current | Supported | Unpaid | |||||||||||||||||||||||
Interest | Interest | Realized | Total Interest | Interest | Ending Certificate/ | ||||||||||||||||||||
Class (5) | Shortfall | Shortfall | Loss (6) | Distribution | Shortfall | Notational Balance | |||||||||||||||||||
A | 0.00000000 | 0.00000000 | 0.00000000 | 0.97561438 | 0.00000000 | 786.32023448 | |||||||||||||||||||
A-R | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-1 | 0.00000000 | 0.00000000 | 0.00000000 | 1.55833292 | 0.00000000 | 1000.00000000 | |||||||||||||||||||
B-2 | 0.00000000 | 0.00000000 | 0.00000000 | 2.22598163 | 0.00000000 | 1000.00000000 | |||||||||||||||||||
B-3 | 0.00000000 | 0.00000000 | 0.00000000 | 2.22598036 | 0.00000000 | 1000.00000000 | |||||||||||||||||||
B-4 | 0.00000000 | 0.00000000 | 0.00000000 | 2.22598474 | 0.00000000 | 1000.00000000 | |||||||||||||||||||
B-5 | 0.00000000 | 0.00000000 | 0.00000000 | 2.22597920 | 0.00000000 | 1000.00000000 | |||||||||||||||||||
B-6 | 0.00000000 | 0.00000000 | 0.00000000 | 2.22598072 | 0.00000000 | 1000.00000000 | |||||||||||||||||||
X-1 | 0.00000000 | 0.00000000 | 0.00000000 | 1327.11180000 | 0.00000000 | 1536762.26680000 | |||||||||||||||||||
X-2 | 0.00000000 | 0.00000000 | 0.00000000 | 7759.41820000 | 0.00000000 | 7348054.24500000 |
(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 | 9,818,251.99 | ||||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | ||||
Proceeds from Repurchased Loans | 0.00 | ||||
Other Amounts (Servicer Advances) | 295.99 | ||||
Realized Losses | 0.00 | ||||
Prepayment Penalties | 0.00 | ||||
Total Deposits | 9,818,547.98 | ||||
Withdrawals | |||||
Reimbursement for Servicer Advances | 295.99 | ||||
Payment of Service Fee | 150,130.10 | ||||
Payment of Interest and Principal | 9,668,121.89 | ||||
Total Withdrawals (Pool Distribution Amount) | 9,818,547.98 | ||||
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 | 146,235.94 | |||
Master Servicing Fee | 3,894.16 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 150,130.10 | |||
Beginning | Current | Current | Ending | |||||||||||||
Account Type | Balance | Withdrawals | Deposits | Balance | ||||||||||||
Basis Risk Reserve Fund – X-1 | 1,512.56 | 0.00 | 0.00 | 1,512.56 | ||||||||||||
Basis Risk Reserve Fund – X-2 | 8,487.44 | 0.00 | 0.00 | 8,487.44 |
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT | BANKRUPTCY | FORECLOSURE | |||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | ||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | ||||||||||||||||||||||||||||
30 Days | 1 | 149,550.97 | 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 | 149,550.97 | 0 | 0.00 | 0 | 0.00 |
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
30 Days | 0.078431 | % | 0.032606 | % | 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 | % | ||||||||||||||||||
0.078431 | % | 0.032606 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % |
REO | TOTAL | |||||||||||||||||||
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
30 Days | 0 | 0.00 | 30 Days | 1 | 149,550.97 | |||||||||||||||
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 | 149,550.97 |
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.078431 | % | 0.032606 | % | |||||||||||
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 | % | 0.078431 | % | 0.032606 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance | 295.99 |
Original $ | Original % | Current $ | Current % | |||||||||||||||
Bankruptcy | 100,261.00 | 0.01737033 | % | 100,261.00 | 0.02185901 | % | ||||||||||||
Fraud | 17,315,901.00 | 3.00000001 | % | 10,161,109.97 | 2.21533578 | % | ||||||||||||
Special Hazard | 5,771,967.00 | 1.00000000 | % | 4,700,000.00 | 1.02469890 | % |
Limit of subordinate’s exposure to certain types of losses
Delinquency Status By Group
One-Month Libor
DELINQUENT | BANKRUPTCY | FORECLOSURE | ||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | ||||||||||||||||||||||||
90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | ||||||||||||||||||||||||
120 Days | 0 | 0.00 | 120 Days | 0 | 0.00 | 120 Days | 0 | 0.00 | ||||||||||||||||||||||||
150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||
180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | ||||||||||||||||||||||||
0 | 0.00 | 0 | 0.00 | 0 | 0.00 |
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
90 Days | 0.000000 | % | 0.000000 | % | 90 Days | 0.000000 | % | 0.000000 | % | 90 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
120 Days | 0.000000 | % | 0.000000 | % | 120 Days | 0.000000 | % | 0.000000 | % | 120 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
150 Days | 0.000000 | % | 0.000000 | % | 150 Days | 0.000000 | % | 0.000000 | % | 150 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | 180+ Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % |
REO | Total | |||||||||||||||||||
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | |||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | |||||||||||||||
90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | |||||||||||||||
120 Days | 0 | 0.00 | 120 Days | 0 | 0.00 | |||||||||||||||
150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | |||||||||||||||
180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | |||||||||||||||
0 | 0.00 | 0 | 0.00 |
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
30 Days | 0.000000 | % | 0.00 | % | 30 Days | 0.000000 | % | 0.000000 | % | |||||||||||
60 Days | 0.000000 | % | 0.00 | % | 60 Days | 0.000000 | % | 0.000000 | % | |||||||||||
90 Days | 0.000000 | % | 0.00 | % | 90 Days | 0.000000 | % | 0.000000 | % | |||||||||||
120 Days | 0.000000 | % | 0.00 | % | 120 Days | 0.000000 | % | 0.000000 | % | |||||||||||
150 Days | 0.000000 | % | 0.00 | % | 150 Days | 0.000000 | % | 0.000000 | % | |||||||||||
180+ Days | 0.000000 | % | 0.00 | % | 180+ Days | 0.000000 | % | 0.000000 | % | |||||||||||
0.000000 | % | 0.00 | % | 0.000000 | % | 0.000000 | % |
Six-Month Libor
DELINQUENT | BANKRUPTCY | FORECLOSURE | ||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
30 Days | 1 | 149,550.97 | 30 Days | 0 | 0 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0 | 60 Days | 0 | 0.00 | ||||||||||||||||||||||||
90 Days | 0 | 0.00 | 90 Days | 0 | 0 | 90 Days | 0 | 0.00 | ||||||||||||||||||||||||
120 Days | 0 | 0.00 | 120 Days | 0 | 0 | 120 Days | 0 | 0.00 | ||||||||||||||||||||||||
150 Days | 0 | 0.00 | 150 Days | 0 | 0 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||
180+ Days | 0 | 0.00 | 180+ Days | 0 | 0 | 180+ Days | 0 | 0.00 | ||||||||||||||||||||||||
1 | 149,550.97 | 0 | 0 | 0 | 0.00 |
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
30 Days | 0.093458 | % | 0.039425 | % | 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 | % | ||||||||||||||||||
0.093458 | % | 0.039425 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % |
REO | TOTAL | |||||||||||||||||||
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
30 Days | 0 | 0.00 | 30 Days | 1 | 149,550.97 | |||||||||||||||
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 | 149,550.97 |
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.093458 | % | 0.039425 | % | |||||||||||
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 | % | 0.093458 | % | 0.039425 | % | |||||||||||||
Collateral Statement
Collateral Description | Mixed Fixed & Arm | |||
Weighted Average Gross Coupon | 3.056704 | % | ||
Weighted Average Net Coupon | 2.681178 | % | ||
Weighted Average Pass-Through Rate | 2.671178 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 342 | |||
Beginning Scheduled Collateral Loan Count | 1,297 | |||
Number of Loans Paid in Full | 22 | |||
Ending Scheduled Collateral Loan Count | 1,275 | |||
Beginning Scheduled Collateral Balance | 467,299,246.69 | |||
Ending Scheduled Collateral Balance | 458,671,324.29 | |||
Ending Actual Collateral Balance at 31-Oct-2003 | 458,666,916.80 | |||
Monthly P&I Constant | 1,190,331.76 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realization Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Scheduled Principal | 2.15 | |||
Unscheduled Principal | 8,627,920.25 |
Miscellaneous Reporting
Pro Rata Senior Percent | 95.182851 | % | ||
Senior Percent | 100.000000 | % | ||
Senior Prepay Percent | 100.000000 | % | ||
Subordinate Percent | 0.000000 | % | ||
Subordinate Prepay Percent | 0.000000 | % |
Group | One Month Libor | Six Month Libor | Total | |||||||||
Collateral Description | Monthly | 6 Month Arm | Mixed Fixed & Arm | |||||||||
Weighted Average Coupon Rate | 2.860798 | 3.098073 | 3.056704 | |||||||||
Weighted Average Net Rate | 2.485798 | 2.722435 | 2.681178 | |||||||||
Pass-Through Rate | 2.475798 | 2.712435 | 2.671178 | |||||||||
Weighted Average Maturity | 302 | 303 | 342 | |||||||||
Record Date | 10/31/2003 | 10/31/2003 | 10/31/2003 | |||||||||
Principal and Interest Constant | 194,231.17 | 996,100.59 | 1,190,331.76 | |||||||||
Beginning Loan Count | 207 | 1,090 | 1,297 | |||||||||
Loans Paid in Full | 2 | 20 | 22 | |||||||||
Ending Loan Count | 205 | 1,070 | 1,275 | |||||||||
Beginning Scheduled Balance | 81,472,862.53 | 385,826,384.16 | 467,299,246.69 | |||||||||
Ending Scheduled Balance | 79,334,084.51 | 379,337,239.78 | 458,671,324.29 | |||||||||
Scheduled Principal | 0.00 | 2.15 | 2.15 | |||||||||
Unscheduled Principal | 2,138,778.02 | 6,489,142.23 | 8,627,920.25 | |||||||||
Scheduled Interest | 194,231.17 | 996,098.44 | 1,190,329.61 | |||||||||
Servicing Fee | 25,460.26 | 120,775.68 | 146,235.94 | |||||||||
Master Servicing Fee | 678.94 | 3,215.22 | 3,894.16 | |||||||||
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 1 | 0.00 | 0.00 | 0.00 | |||||||||
Spread 2 | 0.00 | 0.00 | 0.00 | |||||||||
Spread 3 | 0.00 | 0.00 | 0.00 | |||||||||
Net Interest | 168,091.97 | 872,107.54 | 1,040,199.51 | |||||||||
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 |