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 2003-1
Record Date: October 31, 2003
Distribution Date: November 20, 2003
Certificateholder Distribution Summary
Certificate | Beginning | |||||||||||||||||||||
Class | Certificate Pass- | Certificate | Interest | |||||||||||||||||||
Class | CUSIP | Description | Through Rate | Balance | Distribution | |||||||||||||||||
1A | 81743PAA4 | SEN | 1.50000 | % | 726,436,888.47 | 908,046.11 | ||||||||||||||||
2A | 81743PAB2 | SEN | 1.59000 | % | 175,083,805.85 | 231,986.04 | ||||||||||||||||
X-1A | 81743PAC0 | IO | 0.90457 | % | 0.00 | 124,587.79 | ||||||||||||||||
X-1B | 81743PAD8 | IO | 1.10643 | % | 0.00 | 517,400.47 | ||||||||||||||||
X-2 | 81743PAE6 | IO | 1.02870 | % | 0.00 | 150,089.98 | ||||||||||||||||
X-B | 81743PAF3 | IO | 0.57169 | % | 0.00 | 7,577.25 | ||||||||||||||||
A-R | 81743PAG1 | R | 2.74551 | % | 0.00 | 0.00 | ||||||||||||||||
B-1 | 81743PAH9 | SUB | 2.00000 | % | 15,905,000.00 | 26,508.33 | ||||||||||||||||
B-2 | 81743PAJ5 | SUB | 2.57169 | % | 8,210,000.00 | 17,594.63 | ||||||||||||||||
B-3 | 81743PAK2 | SUB | 2.57169 | % | 5,644,000.00 | 12,095.51 | ||||||||||||||||
B-4 | SEQ0301B4 | SUB | 2.57169 | % | 2,565,000.00 | 5,496.98 | ||||||||||||||||
B-5 | SEQ0301B5 | SUB | 2.57169 | % | 1,539,000.00 | 3,298.19 | ||||||||||||||||
B-6 | SEQ0301B6 | SUB | 2.57169 | % | 4,105,618.00 | 8,798.64 | ||||||||||||||||
Totals | 939,489,312.32 | 2,013,479.92 | ||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Principal | Current | Ending Certificate | Total | Cumulative | ||||||||||||||||||
Class | Distribution | Realized Loss | Balance | Distribution | Realized Loss | |||||||||||||||||
1A | 11,171,943.59 | 0.00 | 715,264,944.88 | 12,079,989.70 | 0.00 | |||||||||||||||||
2A | 1,259,286.34 | 0.00 | 173,824,519.51 | 1,491,272.38 | 0.00 | |||||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 124,587.79 | 0.00 | |||||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 517,400.47 | 0.00 | |||||||||||||||||
X-2 | 0.00 | 0.00 | 0.00 | 150,089.98 | 0.00 | |||||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 7,577.25 | 0.00 | |||||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
B-1 | 0.00 | 0.00 | 15,905,000.00 | 26,508.33 | 0.00 | |||||||||||||||||
B-2 | 0.00 | 0.00 | 8,210,000.00 | 17,594.63 | 0.00 | |||||||||||||||||
B-3 | 0.00 | 0.00 | 5,644,000.00 | 12,095.51 | 0.00 | |||||||||||||||||
B-4 | 0.00 | 0.00 | 2,565,000.00 | 5,496.98 | 0.00 | |||||||||||||||||
B-5 | 0.00 | 0.00 | 1,539,000.00 | 3,298.19 | 0.00 | |||||||||||||||||
B-6 | 0.00 | 0.00 | 4,105,618.00 | 8,798.64 | 0.00 | |||||||||||||||||
Totals | 12,431,229.93 | 0.00 | 927,058,082.39 | 14,444,709.85 | 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) | ||||||||||||||||||||
1A | 798,206,000.00 | 726,436,888.47 | 63.33 | 11,171,880.26 | 0.00 | 0.00 | ||||||||||||||||||||
2A | 190,000,000.00 | 175,083,805.85 | 61.56 | 1,259,224.78 | 0.00 | 0.00 | ||||||||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
X-2 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
A-R | 100.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-1 | 15,905,000.00 | 15,905,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-2 | 8,210,000.00 | 8,210,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-3 | 5,644,000.00 | 5,644,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-4 | 2,565,000.00 | 2,565,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-5 | 1,539,000.00 | 1,539,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-6 | 4,105,618.00 | 4,105,618.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
Totals | 1,026,174,718.00 | 939,489,312.32 | 124.89 | 12,431,105.04 | 0.00 | 0.00 | ||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Total Principal | Ending Certificate | Ending Certificate | Total Principal | |||||||||||||||
Class | Reduction | Balance | Percentage | Distribution | ||||||||||||||
1A | 11,171,943.59 | 715,264,944.88 | 0.89609066 | 11,171,943.59 | ||||||||||||||
2A | 1,259,286.34 | 173,824,519.51 | 0.91486589 | 1,259,286.34 | ||||||||||||||
X-1A | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
X-1B | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
X-2 | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
X-B | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
A-R | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
B-1 | 0.00 | 15,905,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-2 | 0.00 | 8,210,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-3 | 0.00 | 5,644,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-4 | 0.00 | 2,565,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-5 | 0.00 | 1,539,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-6 | 0.00 | 4,105,618.00 | 1.00000000 | 0.00 | ||||||||||||||
Totals | 12,431,229.93 | 927,058,082.39 | 0.90341154 | 12,431,229.93 | ||||||||||||||
(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) | |||||||||||||||||||
1A | 798,206,000.00 | 910.08698064 | 0.00007934 | 13.99623689 | 0.00000000 | 0.00000000 | |||||||||||||||||||
2A | 190,000,000.00 | 921.49371500 | 0.00032400 | 6.62749884 | 0.00000000 | 0.00000000 | |||||||||||||||||||
X-1A | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
X-1B | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
X-2 | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
X-B | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
A-R | 100.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-1 | 15,905,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-2 | 8,210,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-3 | 5,644,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-4 | 2,565,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-5 | 1,539,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-6 | 4,105,618.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Total Principal | Ending Certificate | Ending Certificate | Total Principal | ||||||||||||||
Class | Reduction | Balance | Percentage | Distribution | |||||||||||||
1A | 13.99631623 | 896.09066441 | 0.89609066 | 13.99631623 | |||||||||||||
2A | 6.62782284 | 914.86589216 | 0.91486589 | 6.62782284 | |||||||||||||
X-1A | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
X-1B | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
X-2 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
X-B | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
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 |
(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- | ||||||||||||||||||||||||||||||||
Certificate/ | Current | Unpaid | Current | Supported | ||||||||||||||||||||||||||||||
Original Face | Current | Notional | Accrued | Interest | Interest | Interest | Realized | |||||||||||||||||||||||||||
Class | Amount | Certificate Rate | Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (4) | ||||||||||||||||||||||||||
1A | 798,206,000.00 | 1.50000 | % | 726,436,888.47 | 908,046.11 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
2A | 190,000,000.00 | 1.59000 | % | 175,083,805.85 | 231,986.04 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-1A | 0.00 | 0.90457 | % | 165,277,665.15 | 124,587.79 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-1B | 0.00 | 1.10643 | % | 561,159,224.31 | 517,400.47 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-2 | 0.00 | 1.02870 | % | 175,083,805.85 | 150,089.98 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-B | 0.00 | 0.57169 | % | 15,905,000.00 | 7,577.25 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
A-R | 100.00 | 2.74551 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-1 | 15,905,000.00 | 2.00000 | % | 15,905,000.00 | 26,508.33 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-2 | 8,210,000.00 | 2.57169 | % | 8,210,000.00 | 17,594.63 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-3 | 5,644,000.00 | 2.57169 | % | 5,644,000.00 | 12,095.51 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-4 | 2,565,000.00 | 2.57169 | % | 2,565,000.00 | 5,496.98 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-5 | 1,539,000.00 | 2.57169 | % | 1,539,000.00 | 3,298.19 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-6 | 4,105,618.00 | 2.57169 | % | 4,105,618.00 | 8,798.64 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
Totals | 1,026,174,718.00 | 2,013,479.92 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Remaining | ||||||||||||||
Unpaid | Ending Certificate/ | |||||||||||||
Total Interest | Interest | Notational | ||||||||||||
Class | Distribution | Shortfall | Balance | |||||||||||
1A | 908,046.11 | 0.00 | 715,264,944.88 | |||||||||||
2A | 231,986.04 | 0.00 | 173,824,519.51 | |||||||||||
X-1A | 124,587.79 | 0.00 | 163,895,317.39 | |||||||||||
X-1B | 517,400.47 | 0.00 | 551,369,628.48 | |||||||||||
X-2 | 150,089.98 | 0.00 | 173,824,519.51 | |||||||||||
X-B | 7,577.25 | 0.00 | 15,905,000.00 | |||||||||||
A-R | 0.00 | 0.00 | 0.00 | |||||||||||
B-1 | 26,508.33 | 0.00 | 15,905,000.00 | |||||||||||
B-2 | 17,594.63 | 0.00 | 8,210,000.00 | |||||||||||
B-3 | 12,095.51 | 0.00 | 5,644,000.00 | |||||||||||
B-4 | 5,496.98 | 0.00 | 2,565,000.00 | |||||||||||
B-5 | 3,298.19 | 0.00 | 1,539,000.00 | |||||||||||
B-6 | 8,798.64 | 0.00 | 4,150,618.00 | |||||||||||
Totals | 2,013,479.92 | 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- | ||||||||||||||||||||||||||||||||
Current | Beginning | Unpaid | Current | Supported | |||||||||||||||||||||||||||||
Original Face | Certificate | Certificate/ | Current Accrued | Interest | Interest | Interest | Realized | ||||||||||||||||||||||||||
Class (5) | Amount | Rate | Notional Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (6) | |||||||||||||||||||||||||
1A | 798,206,000.00 | 1.50000 | % | 910.08698064 | 1.13760873 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
2A | 190,000,000.00 | 1.59000 | % | 921.49371500 | 1.22097916 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-1A | 0.00 | 0.90457 | % | 902.27829079 | 0.68014549 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-1B | 0.00 | 1.10643 | % | 912.41269833 | 0.84126347 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-2 | 0.00 | 1.02870 | % | 921.49371500 | 0.78994726 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-B | 0.00 | 0.57169 | % | 1000.00000000 | 0.47640679 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
A-R | 100.00 | 2.74551 | % | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-1 | 15,905,000.00 | 2.00000 | % | 1000.00000000 | 1.66666646 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-2 | 8,210,000.00 | 2.57169 | % | 1000.00000000 | 2.14307308 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-3 | 5,644,000.00 | 2.57169 | % | 1000.00000000 | 2.14307406 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-4 | 2,565,000.00 | 2.57169 | % | 1000.00000000 | 2.14307212 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-5 | 1,539,000.00 | 2.57169 | % | 1000.00000000 | 2.14307342 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-6 | 4,105,618.00 | 2.57169 | % | 1000.00000000 | 2.14307322 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Remaining | |||||||||||||
Unpaid | |||||||||||||
Total Interest | Interest | Ending Certificate/ | |||||||||||
Class (5) | Distribution | Shortfall | Notational Balance | ||||||||||
1A | 1.13760873 | 0.00000000 | 896.09066441 | ||||||||||
2A | 1.22097916 | 0.00000000 | 914.86589216 | ||||||||||
X-1A | 0.68014549 | 0.00000000 | 894.73183047 | ||||||||||
X-1B | 0.84126347 | 0.00000000 | 896.49537726 | ||||||||||
X-2 | 0.78994726 | 0.00000000 | 914.86589216 | ||||||||||
X-B | 0.47640679 | 0.00000000 | 1000.00000000 | ||||||||||
A-R | 0.00000000 | 0.00000000 | 0.000000000 | ||||||||||
B-1 | 1.66666646 | 0.00000000 | 1000.00000000 | ||||||||||
B-2 | 2.14307308 | 0.00000000 | 1000.00000000 | ||||||||||
B-3 | 2.14307406 | 0.00000000 | 1000.00000000 | ||||||||||
B-4 | 2.14307212 | 0.00000000 | 1000.00000000 | ||||||||||
B-5 | 2.14307342 | 0.00000000 | 1000.00000000 | ||||||||||
B-6 | 2.14307322 | 0.00000000 | 1000.00000000 |
(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 | 14,746,634.55 | ||||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | ||||
Proceeds from Repurchased Loans | 0.00 | ||||
Other Amounts (Servicer Advances) | 1,130.92 | ||||
Realized Losses | 0.00 | ||||
Prepayment Penalties | 0.00 | ||||
Total Deposits | 14,747,765.47 | ||||
Withdrawals | |||||
Reimbursement for Servicer Advances | 0.00 | ||||
Payment of Service Fee | 303,055.61 | ||||
Payment of Interest and Principal | 14,444,709.86 | ||||
Total Withdrawals (Pool Distribution Amount) | 14,747,765.47 | ||||
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 | 295,226.53 | |||
Master Servicing Fee | 7,829.08 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 303,055.61 | |||
Beginning | Current | Current | Ending | |||||||||||||
Account Type | Balance | Withdrawals | Deposits | Balance | ||||||||||||
Class X-1 Reserve Fund Sub Account | 5,000.00 | 0.00 | 0.00 | 5,000.00 | ||||||||||||
Class X-2 Reserve Fund Sub Account | 2,500.00 | 0.00 | 0.00 | 2,500.00 | ||||||||||||
Class X-B Reserve Fund Sub Account | 2,500.00 | 0.00 | 0.00 | 2,500.00 |
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT | BANKRUPTCY | FORECLOSURE | ||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
30 Days | 2 | 501,142.31 | 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 | ||||||||||||||||||||||||
2 | 501,142.31 | 0 | 0.00 | 0 | 0.00 |
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
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 | % | ||||||||||||||||||
30 Days | 0.075672 | % | 0.054057 | % | 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 | % | ||||||||||||||||||
0.075672 | % | 0.054057 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % |
REO | TOTAL | |||||||||||||||||||
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | |||||||||||||||
30 Days | 0 | 0.00 | 30 Days | 2 | 501,142.31 | |||||||||||||||
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 | 2 | 501,142.31 |
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
0-29 Days | 0.000000 | % | 0.000000 | % | 0-29 Days | 0.000000 | % | 0.000000 | % | |||||||||||
30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.075672 | % | 0.054057 | % | |||||||||||
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 | % | 0.075672 | % | 0.054057 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance 1,130.92 |
Original $ | Original% | Current $ | Current % | Current Class % | Prepayment % | |||||||||||||||||||
Class A | 1,026,174,618.00 | 99.99999026 | % | 927,058,082.39 | 100.00000000 | % | 95.904397 | % | 0.000000 | % | ||||||||||||||
Class 1A | 227,968,618.00 | 22.21538048 | % | 211,793,137.51 | 22.84572472 | % | 77.154275 | % | 1,883.831918 | % | ||||||||||||||
Class 2A | 37,968,618.00 | 3.70001495 | % | 37,968,618.00 | 4.09560293 | % | 18.750122 | % | 457.811026 | % | ||||||||||||||
Class X-2 | 37,968,618.00 | 3.70001495 | % | 37,968,618.00 | 4.09560293 | % | 0.000000 | % | 0.000000 | % | ||||||||||||||
Class B-1 | 22,063,618.00 | 2.15008396 | % | 22,063,618.00 | 2.37996070 | % | 1.715642 | % | 41.889858 | % | ||||||||||||||
Class B-2 | 13,853,618.00 | 1.35002527 | % | 13,853,618.00 | 1.49436354 | % | 0.885597 | % | 21.623120 | % | ||||||||||||||
Class B-3 | 8,209,618.00 | 0.80002146 | % | 8,209,618.00 | 0.88555595 | % | 0.608808 | % | 14.864908 | % | ||||||||||||||
Class B-4 | 5,644,618.00 | 0.55006403 | % | 5,644,618.00 | 0.60887426 | % | 0.276682 | % | 6.755579 | % | ||||||||||||||
Class B-5 | 4,105,618.00 | 0.40008957 | % | 4,105,618.00 | 0.44286524 | % | 0.166009 | % | 4.053347 | % | ||||||||||||||
Class B-6 | 0.00 | 0.00000000 | % | 0.00 | 0.00000000 | % | 0.442865 | % | 10.813188 | % |
Please refer to the prospectus supplement for a full description of loss exposure
Delinquency Status By Group
Pool 1
DELINQUENT | BANKRUPTCY | FORECLOSURE | ||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
30 Days | 2 | 501,142.31 | 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 | ||||||||||||||||||||||||
2 | 501,142.31 | 0 | 0.00 | 0 | 0.00 |
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
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 | % | ||||||||||||||||||
30 Days | 0.094922 | % | 0.067183 | % | 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 | % | ||||||||||||||||||
0.094922 | % | 0.067183 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % | 0.000000 | % |
REO | TOTAL | |||||||||||||||||||
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | |||||||||||||||
30 Days | 0 | 0.00 | 30 Days | 2 | 501,142.31 | |||||||||||||||
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 | 2 | 501,142.31 |
No. of | Principal | No. of | Principal | |||||||||||||||||
Loans | Balance | Loans | Balance | |||||||||||||||||
0-29 Days | 0.000000 | % | 0.000000 | % | 0-29 Days | 0.000000 | % | 0.000000 | % | |||||||||||
30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.094922 | % | 0.067183 | % | |||||||||||
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 | % | 0.094922 | % | 0.067183 | % |
Pool 2
DELINQUENT | BANKRUPTCY | FORECLOSURE | ||||||||||||||||||||||||||||||
No. of | Principal | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Balance | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||
0-29 Days | 0.000000 | % | 0.000000 | % | 0-29 Days | 0.000000 | % | 0.000000 | % | 0-29 Days | 0.000000 | % | 0.000000 | % | |||||||||||||||||||
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 | |||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | |||||||||||||||
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 | |||||||||||||||||
0-29 Days | 0.000000 | % | 0.000000 | % | 0-29 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 | % | |||||||||||
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 | % | 0.000000 | % | 0.000000 | % |
Collateral Statement
Collateral Description | Mixed Arm | |||
Weighted Average Gross Coupon | 2.958887 | % | ||
Weighted Average Net Coupon | 2.581797 | % | ||
Weighted Average Pass-Through Rate | 2.571797 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 318 | |||
Beginning Scheduled Collateral Loan Count | 2,668 | |||
Number of Loans Paid in Full | 25 | |||
Ending Scheduled Collateral Loan Count | 2,643 | |||
Beginning Scheduled Collateral Balance | 939,489,312.32 | |||
Ending Scheduled Collateral Balance | 927,058,082.39 | |||
Ending Actual Collateral Balance at 31-Oct-2003 | 927,058,672.80 | |||
Monthly P&I Constant | 2,316,660.43 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realization Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Class A Optimal Amount | 14,363,340.32 | |||
Ending Scheduled Balance for Premium Loans | 927,058,082.39 | |||
Scheduled Principal | 124.89 | |||
Unscheduled Principal | 12,431,105.04 |
Miscellaneous Reporting
Cap Agreement Deposit – 1 month Libor Loan | 0 | |||
Cap Agreement Deposit – 6 month Libor Loan | 0 |
Group | 1 | 2 | Total | |||||||||
Collateral Description | Mixed ARM | 6 Month LIBOR ARM | Mixed ARM | |||||||||
Weighted Average Coupon Rate | 2.948093 | 3.003696 | 2.958887 | |||||||||
Weighted Average Net Rate | 2.570499 | 2.628696 | 2.581797 | |||||||||
Pass-Through Rate | 2.560499 | 2.618696 | 2.571797 | |||||||||
Weighted Average Maturity | 316 | 324 | 318 | |||||||||
Record Date | 10/31/2003 | 10/31/2003 | 10/31/2003 | |||||||||
Principal and Interest Constant | 1,860,078.04 | 456,582.39 | 2,316,660.43 | |||||||||
Beginning Loan Count | 2,126 | 542 | 2,668 | |||||||||
Loans Paid in Full | 19 | 6 | 25 | |||||||||
Ending Loan Count | 2,107 | 536 | 2,643 | |||||||||
Beginning Scheduled Balance | 757,105,664.47 | 182,383,647.85 | 939,489,312.32 | |||||||||
Ending Scheduled Balance | 745,933,720.88 | 181,124,361.51 | 927,058,082.39 | |||||||||
Scheduled Principal | 63.33 | 61.56 | 124.89 | |||||||||
Unscheduled Principal | 11,171,880.26 | 1,259,224.78 | 12,431,105.04 | �� | ||||||||
Scheduled Interest | 1,860,014.71 | 456,520.83 | 2,316,535.54 | |||||||||
Servicing Fee | 238,231.64 | 56,994.89 | 295,226.53 | |||||||||
Master Servicing Fee | 6,309.21 | 1,519.87 | 7,829.08 | |||||||||
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 | 1,615,473.86 | 398,006.07 | 2,013,479.33 | |||||||||
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 |
Miscellaneous Reporting
Group Pool 1 | ||||
One Month Libor Loan Balance | 170,922,739.39 | |||
Six Month Libor Loan Balance | 575,010,981.49 | |||
Senior Percent | 100.000000 | % | ||
Senior Prepayment Percent | 100.000000 | % | ||
Subordinate Percent | 0.000000 | % | ||
Subordinate Prepayment Percent | 0.000000 | % | ||
Group Pool 2 | ||||
Six Month Libor Loan Balance | 181,124,361.51 | |||
Senior Percent | 100.000000 | % | ||
Senior Prepayment Percent | 100.000000 | % | ||
Subordinate Percent | 0.000000 | % | ||
Subordinate Prepayment Percent | 0.000000 | % |