EXHIBIT 10.1
Contact: | Customer Services — CTSLink | |
Wells Fargo Bank Minnesota, N.A. | ||
Securities Administration Services | ||
7485 New Horizon Way | ||
Frederick, MD 21703 | ||
www.ctslink.com | ||
Telephone: (301) 815-6600 | ||
Fax: (301) 315-6660 |
SMT SERIES 2003-2
Record Date: March 31, 2004
Distribution Date: April 20, 2004
Certificateholder Distribution Summary
Certificate | Beginning | |||||||||||||||||||||||||||||||||||
Class | Certificate Pass- | Certificate | Interest | Principal | Current | Ending Certificate | Total | Cumulative | ||||||||||||||||||||||||||||
Class | CUSIP | Description | Through Rate | Balance | Distribution | Distribution | Realized Loss | Balance | Distribution | Realized Loss | ||||||||||||||||||||||||||
A-1 | 81743PAP1 | SEN | 1.42000 | % | 449,547,243.65 | 531,964.24 | 8,425,054.20 | 0.00 | 441,122,189.45 | 8,957,018.44 | 0.00 | |||||||||||||||||||||||||
A-2 | 81743PAQ9 | SEN | 1.54625 | % | 269,551,677.77 | 347,328.57 | 5,436,786.67 | 0.00 | 264,114,891.10 | 5,784,115.24 | 0.00 | |||||||||||||||||||||||||
M-1 | 81743PAR7 | SUB | 1.74000 | % | 11,480,000.00 | 16,646.00 | 0.00 | 0.00 | 11,480,000.00 | 16,646.00 | 0.00 | |||||||||||||||||||||||||
M-2 | 81743PAS5 | SUB | 2.52000 | % | 4,920,000.00 | 10,332.00 | 0.00 | 0.00 | 4,920,000.00 | 10,332.00 | 0.00 | |||||||||||||||||||||||||
X | SMT03002X | IO | 0.00000 | % | 0.00 | 719,747.81 | 0.00 | 0.00 | 0.00 | 719,747.81 | 0.00 | |||||||||||||||||||||||||
R | SMT03002R | SUB | 0.00000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
Totals | 735,498,921.42 | 1,626,018.62 | 13,861,840.87 | 0.00 | 721,637,080.55 | 15,487,859.49 | 0.00 | |||||||||||||||||||||||||||||
All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement
Beginning | Scheduled | Unscheduled | ||||||||||||||||||||||||||||||||||||||
Original Face | Certificate | Principal | Principal | Realized | Total Principal | Ending Certificate | Ending Certificate | Total Principal | ||||||||||||||||||||||||||||||||
Class | Amount | Balance | Distribution | Distribution | Accretion | Loss (1) | Reduction | Balance | Percentage | Distribution | ||||||||||||||||||||||||||||||
A-1 | 500,000,000.00 | 449,547,243.65 | 0.00 | 8,425,054.20 | 0.00 | 0.00 | 8,425,054.20 | 441,122,189.45 | 0.88224438 | 8,425,054.20 | ||||||||||||||||||||||||||||||
A-2 | 303,600,000.00 | 269,551,677.77 | 0.00 | 5,436,786.67 | 0.00 | �� | 0.00 | 5,436,786.67 | 264,114,891.10 | 0.86994365 | 5,436,786.67 | |||||||||||||||||||||||||||||
M-1 | 11,480,000.00 | 11,480,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 11,480,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
M-2 | 4,920,000.00 | 4,920,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4,920,000.00 | 1.00000000 | 0.00 | ||||||||||||||||||||||||||||||
X | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||||||||||||||||||
Totals | 820,000,000.00 | 735,498,921.42 | 0.00 | 13,861,840.87 | 0.00 | 0.00 | 13,861,840.87 | 721,637,080.55 | 0.88004522 | 13,861,840.87 | ||||||||||||||||||||||||||||||
(1) | Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. |
Principal Distribution Factors Statement
Beginning | Scheduled | Unscheduled | ||||||||||||||||||||||||||||||||||||||
Original Face | Certificate | Principal | Principal | Realized | Total Principal | Ending Certificate | Ending Certificate | Total Principal | ||||||||||||||||||||||||||||||||
Class | Amount | Balance | Distribution | Distribution | Accretion | Loss (1) | Reduction | Balance | Percentage | Distribution | ||||||||||||||||||||||||||||||
A-1 | 500,000,000.00 | 899.09448730 | 0.00000000 | 16.85010840 | 0.00000000 | 0.00000000 | 16.85010840 | 882.24437890 | 0.88224438 | 16.85010840 | ||||||||||||||||||||||||||||||
A-2 | 303,600,000.00 | 887.85137605 | 0.00000000 | 17.90772948 | 0.00000000 | 0.00000000 | 17.90772948 | 869.94364657 | 0.86994365 | 17.90772948 | ||||||||||||||||||||||||||||||
M-1 | 11,480,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
M-2 | 4,920,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
X | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||
R | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 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 | Non- | Remaining | Ending | ||||||||||||||||||||||||||||||||||||||||
Certificate/ | Current | Unpaid | Current | Supported | Unpaid | Certificate/ | ||||||||||||||||||||||||||||||||||||||
Original Face | Current | Notional | Accrued | Interest | Interest | Interest | Realized | Total Interest | Interest | Notational | ||||||||||||||||||||||||||||||||||
Class | Amount | Certificate Rate | Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (4) | Distribution | Shortfall | Balance | |||||||||||||||||||||||||||||||||
A-1 | 500,000,000.00 | 1.42000 | % | 449,547,243.65 | 531,964.24 | 0.00 | 0.00 | 0.00 | 0.00 | 531,964.24 | 0.00 | 441,122,189.45 | ||||||||||||||||||||||||||||||||
A-2 | 303,600,000.00 | 1.54625 | % | 269,551,677.77 | 347,328.57 | 0.00 | 0.00 | 0.00 | 0.00 | 347,328.57 | 0.00 | 264,114,891.10 | ||||||||||||||||||||||||||||||||
M-1 | 11,480,000.00 | 1.74000 | % | 11,480,000.00 | 16,646.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16,646.00 | 0.00 | 11,480,000.00 | ||||||||||||||||||||||||||||||||
M-2 | 4,920,000.00 | 2.52000 | % | 4,920,000.00 | 10,332.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10,332.00 | 0.00 | 4,920,000.00 | ||||||||||||||||||||||||||||||||
X | 0.00 | 0.00000 | % | 735,498,921.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 719,747.81 | 0.00 | 721,637,080.55 | ||||||||||||||||||||||||||||||||
R | 0.00 | 0.00000 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||||||
Totals | 820,000,000.00 | 906,270.81 | 0.00 | 0.00 | 0.00 | 0.00 | 1,626,018.62 | 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 | Non- | Remaining | ||||||||||||||||||||||||||||||||||||||||||
Current | Beginning | Unpaid | Current | Supported | Unpaid | |||||||||||||||||||||||||||||||||||||||
Original Face | Certificate | Certificate/ | Current Accrued | Interest | Interest | Interest | Realized | Total Interest | Interest | Ending Certificate/ | ||||||||||||||||||||||||||||||||||
Class (5) | Amount | Rate | Notional Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (6) | Distribution | Shortfall | Notational Balance | |||||||||||||||||||||||||||||||||
A-1 | 500,000,000.00 | 1.42000 | % | 899.09448730 | 1.06392848 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1.06392848 | 0.00000000 | 882.24437890 | ||||||||||||||||||||||||||||||||
A-2 | 303,600,000.00 | 1.54625 | % | 887.85137605 | 1.14403350 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1.14403350 | 0.00000000 | 869.94364657 | ||||||||||||||||||||||||||||||||
M-1 | 11,480,000.00 | 1.74000 | % | 1000.00000000 | 1.45000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 1.45000000 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
M-2 | 4,920,000.00 | 2.52000 | % | 1000.00000000 | 2.10000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 2.10000000 | 0.00000000 | 1000.00000000 | ||||||||||||||||||||||||||||||||
X | 0.00 | 0.00000 | % | 896.94990417 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.87774123 | 0.00000000 | 880.4522018 | ||||||||||||||||||||||||||||||||
R | 0.00 | 0.00000 | % | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||||||||||
(5) | Per $1 denomination | |
(6) | Amount does not include excess special hazard, bankruptcy, or fraud losses unless otherwise disclosed. Please refer to the prospectus supplement for a full description. |
Certificateholder Account Statement
Certificate Account
Beginning Balance | 0.00 | |||
Deposits | ||||
Payments of Interest and Principal | 15,727,857.81 | |||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | |||
Proceeds from Repurchased Loans | 0.00 | |||
Other Amounts (Servicer Advances) | 10,628.24 | |||
Realized Losses | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Total Deposits | 15,738,486.05 | |||
Withdrawals | ||||
Reimbursement for Servicer Advances | 14,535.21 | |||
Payment of Service Fee | 236,091.35 | |||
Payment of Interest and Principal | 15,487,859.49 | |||
Total Withdrawals (Pool Distribution Amount) | 15,738,486.05 | |||
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 | 231,788.96 | |||
Master Servicing Fee | 4,302.39 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 236,091.35 | |||
Beginning | Current | Current | Ending | |||||||||||||
Account Type | Balance | Withdrawals | Deposits | Balance | ||||||||||||
Reserve Fund | 10,000.00 | 0.00 | 0.00 | 10,000.00 |
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT | BANKRUPTCY | FORECLOSURE | REO | TOTAL | ||||||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
30 Days | 8 | 3,895,601.90 | 30 Days | 1 | 152,768.00 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | 30 Days | 9 | 4,048,369.90 | ||||||||||||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | ||||||||||||||||||||||||
90 Days | 1 | 247,195.14 | 90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | 90 Days | 1 | 247,195.14 | ||||||||||||||||||||||||
120 Days | 0 | 0.00 | 120 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 | 150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||
180+ Days | 1 | 199,400.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 1 | 199,400.00 | ||||||||||||||||||||||||
10 | 4,342,197.04 | 1 | 152,768.00 | 0 | 0.00 | 0 | 0.00 | 11 | 4,494,965.04 | |||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||
0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | |||||||||||||||||||
30 Days | 0.396040% | 0.538298 | % | 30 Days | 0.049505% | 0.021110 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.445545% | 0.559408 | % | |||||||||||||||||||
60 Days | 0.000000% | 0.000000 | % | 60 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 | 0.049505% | 0.034158 | % | 90 Days | 0.000000% | 0.000000 | % | 90 Days | 0.000000% | 0.000000 | % | 90 Days | 0.000000% | 0.000000 | % | 90 Days | 0.049505% | 0.034158 | % | |||||||||||||||||||
120 Days | 0.000000% | 0.000000 | % | 120 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 | % | 150 Days | 0.000000% | 0.000000 | % | 150 Days | 0.000000% | 0.000000 | % | |||||||||||||||||||
180+ Days | 0.049505% | 0.027553 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.049505% | 0.027553 | % | |||||||||||||||||||
0.495050% | 0.600009 | % | 0.049505% | 0.021110 | % | 0.000000% | 0.000000 | % | 0.000000% | 0.000000 | % | 0.544554% | 0.621119 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance | 10,628.24 |
Delinquency Status By Group
Group 1
DELINQUENT | BANKRUPTCY | FORECLOSURE | REO | TOTAL | ||||||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
30 Days | 2 | 405,268.97 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | 30 Days | 0. | 0.00 | 30 Days | 2 | 405,268.97 | ||||||||||||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | ||||||||||||||||||||||||
90 Days | 1 | 247,195.14 | 90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | 90 Days | 1 | 247,195.14 | ||||||||||||||||||||||||
120 Days | 0 | 0.00 | 120 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 | 150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||
180+ Days | 1 | 199,400.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 1 | 199,400.00 | ||||||||||||||||||||||||
4 | 851,864.11 | 0 | 0.00 | 0 | 0.00 | 0 | 0.00 | 4 | 851,864.11 | |||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||
0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | |||||||||||||||||||
30 Days | 0.164609% | 0.089585 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.164609% | 0.089585 | % | |||||||||||||||||||
60 Days | 0.000000% | 0.000000 | % | 60 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 | 0.082305% | 0.054643 | % | 90 Days | 0.000000% | 0.000000 | % | 90 Days | 0.000000% | 0.000000 | % | 90 Days | 0.000000% | 0.000000 | % | 90 Days | 0.082305% | 0.054643 | % | |||||||||||||||||||
120 Days | 0.000000% | 0.000000 | % | 120 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 | % | 150 Days | 0.000000% | 0.000000 | % | 150 Days | 0.000000% | 0.000000 | % | |||||||||||||||||||
180+ Days | 0.082305% | 0.044077 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.082305% | 0.044077 | % | |||||||||||||||||||
0.329218% | 0.188305 | % | 0.000000% | 0.000000 | % | 0.000000% | 0.000000 | % | 0.000000% | 0.000000 | % | 0.329218% | 0.188305 | % | ||||||||||||||||||||||||
Group 2
DELINQUENT | BANKRUPTCY | FORECLOSURE | REO | TOTAL | ||||||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
30 Days | 6 | 3,490,332.93 | 30 Days | 1 | 152,768.00 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | 30 Days | 7 | 3,643,100.93 | ||||||||||||||||||||||||
60 Days | 0 | 0.00 | 60 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 | 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 | 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 | 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 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | ||||||||||||||||||||||||
6 | 3,490,332.93 | 1 | 152,768.00 | 0 | 0.00 | 0 | 0.00 | 7 | 3,643,100.93 | |||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||||
0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | 0-29 Days | 0.000000% | 0.000000 | % | |||||||||||||||||||
30 Days | 0.745342% | 1.286507 | % | 30 Days | 0.124224% | 0.056309 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.000000% | 0.000000 | % | 30 Days | 0.869565% | 1.342815 | % | |||||||||||||||||||
60 Days | 0.000000% | 0.000000 | % | 60 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 | % | 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 | % | 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 | % | 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 | % | 180+ Days | 0.000000% | 0.000000 | % | 180+ Days | 0.000000% | 0.000000 | % | |||||||||||||||||||
0.745342% | 1.286507 | % | 0.124224% | 0.056309 | % | 0.000000% | 0.000000 | % | 0.000000% | 0.000000 | % | 0.869565% | 1.342815 | % | ||||||||||||||||||||||||
Collateral Statement
Collateral Description | Mixed Arm | |||
Weighted Average Gross Coupon | 3.029673 | % | ||
Weighted Average Net Coupon | 2.652550 | % | ||
Weighted Average Pass-Through Rate | 2.645550 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 321 | |||
Beginning Scheduled Collateral Loan Count | 2,047 | |||
Number of Loans Paid in Full | 27 | |||
Ending Scheduled Collateral Loan Count | 2,020 | |||
Beginning Scheduled Collateral Balance | 737,548,921.42 | |||
Ending Scheduled Collateral Balance | 723,687,080.55 | |||
Ending Actual Collateral Balance at 31-Mar-2004 | 723,688,214.08 | |||
Monthly P&I Constant | 1,862,109.95 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realized Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Ending Scheduled Balance for Premium Loans | 723,687,080.55 | |||
Scheduled Principal | 0.00 | |||
Unscheduled Principal | 13,861,840.87 | |||
Required Overcollateralized Amount | 0.00 | |||
Overcollateralized Increase Amount | 0.00 | |||
Overcollateralized Reduction Amount | 0.00 | |||
Specified O/C Amount | 2,050,000.00 | |||
Overcollateralized Amount | 2,050,000.00 | |||
Overcollateralized Deficiency Amount | 0.00 | |||
Base Overcollateralization Amount | 0.00 | |||
Extra Principal Distribution Amount | 0.00 | |||
Excess Cash Amount | 719,747.82 |
Miscellaneous Reporting | ||||
Applied Loss Amount | 0.00 | |||
Group 1 – One-Month LIBOR Loans | 133,771,201.85 | |||
Group 1 – Six-Month LIBOR Loans | 318,613,121.00 | |||
Group 2 – Six Month LIBOR Loans | 271,302,757.70 | |||
M-1 Target Amount | 711,384,400.18 | |||
M-2 Target Amount | 720,068,645.15 | |||
Senior Target Amount | 691,121,161.93 |
Group | 1 | 2 | Total | |||||||||
Collateral Description | Mixed ARM | 6 Month ARM | Mixed ARM | |||||||||
Weighted Average Coupon Rate | 2.991970 | 3.092454 | 3.029673 | |||||||||
Weighted Average Net Rate | 2.615089 | 2.714928 | 2.652550 | |||||||||
Pass-Through Rate | 2.608089 | 2.707928 | 2.645550 | |||||||||
Weighted Average Maturity | 315 | 328 | 321 | |||||||||
Record Date | 03/31/2004 | 03/31/2004 | 03/31/2004 | |||||||||
Principal and Interest Constant | 1,148,939.71 | 713,170.24 | 1,862,109.95 | |||||||||
Beginning Loan Count | 1,232 | 815 | 2,047 | |||||||||
Loans Paid in Full | 17 | 10 | 27 | |||||||||
Ending Loan Count | 1,215 | 805 | 2,020 | |||||||||
Beginning Scheduled Balance | 460,809,377.05 | 276,739,544.37 | 737,548,921.42 | |||||||||
Ending Scheduled Balance | 452,384,322.85 | 271,302,757.70 | 723,687,080.55 | |||||||||
Scheduled Principal | 0.00 | 0.00 | 0.00 | |||||||||
Unscheduled Principal | 8,425,054.20 | 5,436,786.67 | 13,861,840.87 | |||||||||
Scheduled Interest | 1,148,939.71 | 713,170.24 | 1,862,109.95 | |||||||||
Servicing Fee | 144,725.26 | 87,063.70 | 231,788.96 | |||||||||
Master Servicing Fee | 2,688.08 | 1,614.31 | 4,302.39 | |||||||||
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 | 1,001,526.37 | 624,492.23 | 1,626,018.60 | |||||||||
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 |