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: October 31, 2003
Distribution Date: November 20, 2003
Certificateholder Distribution Summary
Certificate | Beginning | ||||||||||||||||||||
Class | Certificate | Certificate | Interest | ||||||||||||||||||
Class | CUSIP | Description | Pass-Through Rate | Balance | Distribution | ||||||||||||||||
A-1 | 81743PAP1 | SEN | 1.45000 | % | 470,625,022.07 | 568,671.90 | |||||||||||||||
A-2 | 81743PAQ9 | SEN | 1.54625 | % | 280,625,075.93 | 361,597.10 | |||||||||||||||
M-1 | 81743PAR7 | SUB | 1.77000 | % | 11,480,000.00 | 16,933.10 | |||||||||||||||
M-2 | 81743PAS5 | SUB | 2.55000 | % | 4,920,000.00 | 10,455.00 | |||||||||||||||
X | SMT03002X | IO | 0.00000 | % | 0.00 | 719,081.31 | |||||||||||||||
R | SMT03002R | SUB | 0.00000 | % | 0.00 | 0.00 | |||||||||||||||
Totals | 767,650,098.00 | ||||||||||||||||||||
[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 | ||||||||||||||||
A-1 | 5,724,256.45 | 0.00 | 464,900,765.62 | 6,292,928.35 | 0.00 | ||||||||||||||||
A-2 | 3,836,043.63 | 0.00 | 276,789,032.30 | 4,197,640.73 | 0.00 | ||||||||||||||||
M-1 | 0.00 | 0.00 | 11,480,000.00 | 16,933.00 | 0.00 | ||||||||||||||||
M-2 | 0.00 | 0.00 | 4,920,000.00 | 10,455.00 | 0.00 | ||||||||||||||||
X | 0.00 | 0.00 | 0.00 | 719,083.31 | 0.00 | ||||||||||||||||
R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
Totals | 9,560,300.08 | 0.00 | 758,089,797.92 | 11,237,040.39 | 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-1 | 500,000,000.00 | 470,625,022.07 | 0.00 | 5,724,256.45 | 0.00 | 0.00 | |||||||||||||||||||
A-2 | 303,600,000.00 | 280,625,075.93 | 0.00 | 3,836,043.63 | 0.00 | 0.00 | |||||||||||||||||||
M-1 | 11,480,000.00 | 11,480,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
M-2 | 4,920,000.00 | 4,920,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
X | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
Totals | 820,000,000.00 | 767,650,098.00 | 0.00 | 9,560,300.08 | 0.00 | 0.00 | |||||||||||||||||||
[Additional columns below]
#091;Continued from above table, first column(s) repeated]
Total Principal | Ending Certificate | Ending Certificate | Total Principal | ||||||||||||||
Class | Reduction | Balance | Percentage | Distribution | |||||||||||||
A-1 | 5,724,256.45 | 464,900,765.62 | 0.92980153 | 5,724,256.45 | |||||||||||||
A-2 | 3,836,043.63 | 276,789,032.30 | 0.91168983 | 3,836,043.63 | |||||||||||||
M-1 | 0.00 | 11,480,000.00 | 1.00000000 | 0.00 | |||||||||||||
M-2 | 0.00 | 4,920,000.00 | 1.00000000 | 0.00 | |||||||||||||
X | 0.00 | 0.00 | 0.00000000 | 0.00 | |||||||||||||
R | 0.00 | 0.00 | 0.00000000 | 0.00 | |||||||||||||
Totals | 9,560,300.08 | 758,089,797.92 | 0.92449975 | 9,560,300.08 | |||||||||||||
(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-1 | 500,000,000.00 | 941.25004414 | 0.00000000 | 11.44851290 | 0.00000000 | 0.00000000 | ||||||||||||||||||
A-2 | 303,600,000.00 | 924.32501953 | 0.00000000 | 12.63518982 | 0.00000000 | 0.00000000 | ||||||||||||||||||
M-1 | 11,480,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
M-2 | 4,920,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
X | 0.00 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
R | 0.00 | 0.00000000 | 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 | ||||||||||||
A-1 | 11.44851290 | 929.80153124 | 0.92980153 | 11.44851290 | ||||||||||||
A-2 | 12.63518982 | 911.68982971 | 0.91168983 | 12.63518982 | ||||||||||||
M-1 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||
M-2 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||
X | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||
R | 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 | |||||||||||||||||||
Original Face | Current | Notional | Accrued | Interest | |||||||||||||||||
Class | Amount | Certificate Rate | Balance | Interest | Shortfall | ||||||||||||||||
A-1 | 500,000,000.00 | 1.45000 | % | 470,625,022.70 | 568,671.90 | 0.00 | |||||||||||||||
A-2 | 303,600,000.00 | 1.54625 | % | 280,625,075.93 | 361,597.10 | 0.00 | |||||||||||||||
M-1 | 11,480,000.00 | 1.77000 | % | 11,480,000.00 | 16,933.00 | 0.00 | |||||||||||||||
M-2 | 4,920,000.00 | 2.55000 | % | 4,920,000.00 | 10,455.00 | 0.00 | |||||||||||||||
X | 0.00 | 0.00000 | % | 767,650,098.00 | 0.00 | 0.00 | |||||||||||||||
R | 0.00 | 0.00000 | % | 0.00 | 0.00 | 0.00 | |||||||||||||||
Totals | 820,000,000.00 | 956,657.00 | 0.00 | ||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Non- | Remaining | Ending | |||||||||||||||||||||||
Current | Supported | Unpaid | Certificate/ | ||||||||||||||||||||||
Interest | Interest | Realized | Total Interest | Interest | Notational | ||||||||||||||||||||
Class | Shortfall | Shortfall | Loss (4) | Distribution | Shortfall | Balance | |||||||||||||||||||
A-1 | 0.00 | 0.00 | 0.00 | 568,671.90 | 0.00 | 464,900,765.62 | |||||||||||||||||||
A-2 | 0.00 | 0.00 | 0.00 | 361,597.10 | 0.00 | 276,789,032.30 | |||||||||||||||||||
M-1 | 0.00 | 0.00 | 0.00 | 16,933.00 | 0.00 | 11,480,000.00 | |||||||||||||||||||
M-2 | 0.00 | 0.00 | 0.00 | 10,455.00 | 0.00 | 4,920,000.00 | |||||||||||||||||||
X | 0.00 | 0.00 | 0.00 | 719,083.31 | 0.00 | 758,089,797.92 | |||||||||||||||||||
R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
Totals | 0.00 | 0.00 | 0.00 | 1,676,740.31 | 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 | Unpaid | ||||||||||||||||||
Class | Original Face | Certificate | Certificate/ | Current Accrued | Interest | |||||||||||||||
(5) | Amount | Rate | Notional Balance | Interest | Shortfall | |||||||||||||||
A-1 | 500,000,000.00 | 1.45000 | % | 941.25004414 | 1.13734380 | 0.00000000 | ||||||||||||||
A-2 | 303,600,000.00 | 1.54625 | % | 924.32501953 | 1.19103129 | 0.00000000 | ||||||||||||||
M-1 | 11,480,000.00 | 1.77000 | % | 1000.00000000 | 1.47500000 | 0.00000000 | ||||||||||||||
M-2 | 4,920,000.00 | 2.55000 | % | 1000.00000000 | 2.12500000 | 0.00000000 | ||||||||||||||
X | 0.00 | 0.00000 | % | 936.15865610 | 0.00000000 | 0.00000000 | ||||||||||||||
R | 0.00 | 0.00000 | % | 0.00000000 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Non- | Remaining | |||||||||||||||||||||||
Current | Supported | Unpaid | ||||||||||||||||||||||
Class | Interest | Interest | Realized | Total Interest | Interest | Ending Certificate/ | ||||||||||||||||||
(5) | Shortfall | Shortfall | Loss (6) | Distribution | Shortfall | Notational Balance | ||||||||||||||||||
A-1 | 0.00000000 | 0.00000000 | 0.00000000 | 1.13734380 | 0.00000000 | 929.80153124 | ||||||||||||||||||
A-2 | 0.00000000 | 0.00000000 | 0.00000000 | 1.19103129 | 0.00000000 | 911.68982971 | ||||||||||||||||||
M-1 | 0.00000000 | 0.00000000 | 0.00000000 | 1.47500000 | 0.00000000 | 1000.00000000 | ||||||||||||||||||
M-2 | 0.00000000 | 0.00000000 | 0.00000000 | 2.12500000 | 0.00000000 | 1000.00000000 | ||||||||||||||||||
X | 0.00000000 | 0.00000000 | 0.00000000 | 0.87693087 | 0.00000000 | 924.49975356 | ||||||||||||||||||
R | 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 | 11,481,508.41 | ||||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | ||||
Proceeds from Repurchased Loans | 0.00 | ||||
Other Amounts (Servicer Advances) | 7,819.78 | ||||
Realized Losses | 0.00 | ||||
Prepayment Penalties | 0.00 | ||||
Total Deposits | 11,489,328.19 | ||||
Withdrawals | |||||
Reimbursement for Servicer Advances | 5,934.62 | ||||
Payment of Service Fee | 246,353.17 | ||||
Payment of Interest and Principal | 11,237,040.40 | ||||
Total Withdrawals (Pool Distribution Amount) | 11,489,328.19 | ||||
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 | 241,863.25 | |||
Master Servicing Fee | 4,489.92 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 246,353.17 | |||
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 | ||||||||||||||||||||||||||||||
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 | 5 | 1,581,813.36 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||
60 Days | 2 | 1,699,399.99 | 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 | ||||||||||||||||||||||||
7 | 3,281,213.35 | 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 | 0.236855 | % | 0.208095 | % | 30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
60 Days | 0.094742 | % | 0.223564 | % | 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 | % | ||||||||||||||||||
0.331596 | % | 0.431659 | % | 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 | 5 | 1,581,813.36 | |||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 2 | 1,699,399.99 | |||||||||||||||
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 | 7 | 3,281,213.35 |
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 | 0.236855 | % | 0.208095 | % | |||||||||||
60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.094742 | % | 0.223564 | % | |||||||||||
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 | % | 0.331596 | % | 0.431659 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance 7,819.78 |
Delinquency Status By Group
Group 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 | 3 | 652,113.36 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||
60 Days | 1 | 199,400.00 | 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 | ||||||||||||||||||||||||
4 | 851,513.36 | 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 | 0.235479 | % | 0.136952 | % | 30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
60 Days | 0.078493 | % | 0.041876 | % | 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 | % | ||||||||||||||||||
0.313972 | % | 0.178828 | % | 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 | 3 | 652,113.36 | |||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 1 | 199,400.00 | |||||||||||||||
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 | 4 | 851,513.36 |
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 | 0.235479 | % | 0.136952 | % | |||||||||||
60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.078493 | % | 0.041876 | % | |||||||||||
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 | % | 0.313972 | % | 0.178828 | % |
Group 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 | 2 | 929,700.00 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||
60 Days | 1 | 1,499,999.99 | 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 | ||||||||||||||||||||||||
3 | 2,429,699.99 | 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 | 0.238949 | % | 0.327385 | % | 30 Days | 0.000000 | % | 0.000000 | % | 30 Days | 0.000000 | % | 0.000000 | % | ||||||||||||||||||
60 Days | 0.119474 | % | 0.528211 | % | 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 | % | ||||||||||||||||||
0.358423 | % | 0.855597 | % | 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 | 929,700.00 | |||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 1 | 1,499,999.99 | |||||||||||||||
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 | 3 | 2,429,699.99 |
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 | 0.238949 | % | 0.327385 | % | |||||||||||
60 Days | 0.000000 | % | 0.000000 | % | 60 Days | 0.119474 | % | 0.528211 | % | |||||||||||
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 | % | 0.358423 | % | 0.855597 | % |
Collateral Statement
Collateral Description | Mixed Arm | |||
Weighted Average Gross Coupon | 2.998197 | % | ||
Weighted Average Net Coupon | 2.621120 | % | ||
Weighted Average Pass-Through Rate | 2.614120 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 326 | |||
Beginning Scheduled Collateral Loan Count | 2,134 | |||
Number of Loans Paid in Full | 23 | |||
Ending Scheduled Collateral Loan Count | 2,111 | |||
Beginning Scheduled Collateral Balance | 769,700,098.00 | |||
Ending Scheduled Collateral Balance | 760,139,797.92 | |||
Ending Actual Collateral Balance at 31-Oct-2003 | 760,139,712.70 | |||
Monthly P&I Constant | 1,923,093.50 | |||
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 | 760,139,797.92 | |||
Scheduled Principal | 0.00 | |||
Unscheduled Principal | 9,560,300.08 | |||
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 | 719,083.31 |
Miscellaneous Reporting
M-1 Target Amount | 747,217,421.36 | |||
M-2 Target Amount | 756,339,098.93 | |||
Senior Target Amount | 725,933,507.01 | |||
Group 1 – One-Month LIBOR Loans | 139,614,431.81 | |||
Group 1 – Six-Month LIBOR Loans | 336,548,467.21 | |||
Group 2 – Six Month LIBOR Loans | 283,976,898.90 | |||
Applied Loss Amountn | 0 |
Group | 1 | 2 | Total | |||||||||
Collateral Description | Mixed ARM | 6 Month ARM | Mixed ARM | |||||||||
Weighted Average Coupon Rate | 2.967893 | 3.048935 | 2.998197 | |||||||||
Weighted Average Net Rate | 2.591076 | 2.671423 | 2.621120 | |||||||||
Pass-Through Rate | 2.584076 | 2.664423 | 2.614120 | |||||||||
Weighted Average Maturity | 320 | 333 | 326 | |||||||||
Record Date | 10/31/2003 | 10/31/2003 | 10/31/2003 | |||||||||
Principal and Interest Constant | 1,191,824.49 | 731,269.01 | 1,923,093.50 | |||||||||
Beginning Loan Count | 1,290 | 844 | 2,134 | |||||||||
Loans Paid in Full | 16 | 7 | 23 | |||||||||
Ending Loan Count | 1,274 | 837 | 2,111 | |||||||||
Beginning Scheduled Balance | 481,887,155.47 | 287,812,942.53 | 769,700,098.00 | |||||||||
Ending Scheduled Balance | 476,162,899.02 | 283,976,898.90 | 760,139,797.92 | |||||||||
Scheduled Principal | 0.00 | 0.00 | 0.00 | |||||||||
Unscheduled Principal | 5,724,256.45 | 3,836,043.63 | 9,560,300.08 | |||||||||
Scheduled Interest | 1,191,824.49 | 731,269.01 | 1,923,093.50 | |||||||||
Servicing Fee | 151,319.23 | 90,544.02 | 241,863.25 | |||||||||
Master Servicing Fee | 2,811.02 | 1,678.90 | 4,489.92 | |||||||||
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 | 1,037,694.24 | 639,046.09 | 1,676,740.33 | |||||||||
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 |