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 2003-3
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 | ||||||||||||||||
A-1 | 81743PAT3 | SEN | 1.45000 | % | 364,246,164.36 | 440,130.78 | |||||||||||||||
A-2 | 81743PAU0 | SEN | 1.34000 | % | 146,423,902.87 | 163,506.69 | |||||||||||||||
X-1A | 81743PAV8 | IO | 0.93873 | % | 0.00 | 77,480.88 | |||||||||||||||
X-1B | 81743PAW6 | IO | 1.30022 | % | 0.00 | 287,350.07 | |||||||||||||||
X-2 | 81743PAX4 | IO | 1.40480 | % | 0.00 | 171,413.04 | |||||||||||||||
X-B | 81743PAY2 | IO | 0.90823 | % | 0.00 | 6,868.49 | |||||||||||||||
A-R | 81743PBA3 | R | 2.63263 | % | 0.00 | 0.00 | |||||||||||||||
B-1 | 81743PBB1 | SUB | 1.77000 | % | 9,075,000.00 | 13,385.62 | |||||||||||||||
B-2 | 81743PBC9 | SUB | 2.67823 | % | 4,675,000.00 | 10,433.94 | |||||||||||||||
B-3 | 81743PBD7 | SUB | 2.67823 | % | 2,475,000.00 | 5,523.85 | |||||||||||||||
B-4 | 81743PBE5 | SUB | 2.67823 | % | 1,650,000.00 | 3,682.57 | |||||||||||||||
B-5 | 81743PBF2 | SUB | 2.67823 | % | 825,000.00 | 1,841.28 | |||||||||||||||
B-6 | 81743PBG0 | SUB | 2.67823 | % | 1,925,608.17 | 4,297.68 | |||||||||||||||
Totals | 531,295,675.40 | 1,185,914.89 | |||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Principal | Current Realized | Ending Certificate | Total | Cumulative | |||||||||||||||||
Class | Distribution | Loss | Balance | Distribution | Realized Loss | ||||||||||||||||
A-1 | 2,277,472.25 | 0.00 | 361,968,692.11 | 2,717,603.03 | 0.00 | ||||||||||||||||
A-2 | 4,051,710.25 | 0.00 | 142,372,192.62 | 4,215,216.94 | 0.00 | ||||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 77,480.88 | 0.00 | ||||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 287,350.07 | 0.00 | ||||||||||||||||
X-2 | 0.00 | 0.00 | 0.00 | 171,413.04 | 0.00 | ||||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 6,868.49 | 0.00 | ||||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||
B-1 | 0.00 | 0.00 | 9,075,000.00 | 13,385.62 | 0.00 | ||||||||||||||||
B-2 | 0.00 | 0.00 | 4,675,000.00 | 10,433.94 | 0.00 | ||||||||||||||||
B-3 | 0.00 | 0.00 | 2,475,000.00 | 5,523.85 | 0.00 | ||||||||||||||||
B-4 | 0.00 | 0.00 | 1,650,000.00 | 3,682.57 | 0.00 | ||||||||||||||||
B-5 | 0.00 | 0.00 | 825,000.00 | 1,841.28 | 0.00 | ||||||||||||||||
B-6 | 0.00 | 0.00 | 1,925,608.17 | 4,297.68 | 0.00 | ||||||||||||||||
Totals | 6,329,182.50 | 0.00 | 524,966,492.90 | 7,515,097.39 | 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 | 379,455,000.00 | 364,246,164.36 | 0.00 | 2,277,472.25 | 0.00 | 0.00 | |||||||||||||||||||
A-2 | 149,922,000.00 | 146,423,902.87 | 297.28 | 4,051,412.97 | 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 | 9,075,000.00 | 9,075,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-2 | 4,675,000.00 | 4,675,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-3 | 2,475,000.00 | 2,475,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-4 | 1,650,000.00 | 1,650,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-5 | 825,000.00 | 825,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-6 | 1,925,608.17 | 1,925,608.17 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
Totals | 550,002,708.17 | 531,295,675.40 | 297.28 | 6,328,885.22 | 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 | |||||||||||||
A-1 | 2,277,472.25 | 361,968,692.11 | 0.95391731 | 2,277,472.25 | |||||||||||||
A-2 | 4,051,710.25 | 142,372,192.62 | 0.94964176 | 4,051,710.25 | |||||||||||||
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 | 9,075,000.00 | 1.00000000 | 0.00 | |||||||||||||
B-2 | 0.00 | 4,675,000.00 | 1.00000000 | 0.00 | |||||||||||||
B-3 | 0.00 | 2,475,000.00 | 1.00000000 | 0.00 | |||||||||||||
B-4 | 0.00 | 1,650,000.00 | 1.00000000 | 0.00 | |||||||||||||
B-5 | 0.00 | 825,000.00 | 1.00000000 | 0.00 | |||||||||||||
B-6 | 0.00 | 1,925,608.17 | 1.00000000 | 0.00 | |||||||||||||
Totals | 6,329,182.50 | 524,966,492.90 | 0.95447983 | 6,329,182.50 | |||||||||||||
(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 | 379,455,000.00 | 959.91926410 | 0.00000000 | 6.00195609 | 0.00000000 | 0.00000000 | |||||||||||||||||||
A-2 | 149,922,000.00 | 976.66721942 | 0.00198290 | 27.02347201 | 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 | 9,075,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-2 | 4,675,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-3 | 2,475,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-4 | 1,650,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-5 | 825,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||
B-6 | 1,925,608.17 | 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 | |||||||||||||
A-1 | 6.00195609 | 953.91730801 | 0.95391731 | 6.00195609 | |||||||||||||
A-2 | 27.02545490 | 949.64176452 | 0.94964176 | 27.02545490 | |||||||||||||
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
Payment of | |||||||||||||||||||||
Beginning | Current | Unpaid | |||||||||||||||||||
Original Face | Current | Certificate/ | Accrued | Interest | |||||||||||||||||
Class | Amount | Certificate Rate | Notional Balance | Interest | Shortfall | ||||||||||||||||
A-1 | 379,455,000.00 | 1.45000 | % | 364,246,164.36 | 440,130.78 | 0.00 | |||||||||||||||
A-2 | 149,922,000.00 | 1.34000 | % | 146,423,902.87 | 163,506.69 | 0.00 | |||||||||||||||
X-1A | 0.00 | 0.93873 | % | 99,045,551.68 | 77,480.88 | 0.00 | |||||||||||||||
X-1B | 0.00 | 1.30022 | % | 265,200,612.68 | 287,350.07 | 0.00 | |||||||||||||||
X-2 | 0.00 | 1.40480 | % | 146,423,902.87 | 171,413.04 | 0.00 | |||||||||||||||
X-B | 0.00 | 0.90823 | % | 9,075,000.00 | 6,868.49 | 0.00 | |||||||||||||||
A-R | 100.00 | 2.63263 | % | 0.00 | 0.00 | 0.00 | |||||||||||||||
B-1 | 9,075,000.00 | 1.77000 | % | 9,075,000.00 | 13,385.63 | 0.00 | |||||||||||||||
B-2 | 4,675,000.00 | 2.67823 | % | 4,675,000.00 | 10,433.94 | 0.00 | |||||||||||||||
B-3 | 2,475,000.00 | 2.67823 | % | 2,475,000.00 | 5,523.85 | 0.00 | |||||||||||||||
B-4 | 1,650,000.00 | 2.67823 | % | 1,650,000.00 | 3,682.57 | 0.00 | |||||||||||||||
B-5 | 825,000.00 | 2.67823 | % | 825,000.00 | 1,841.28 | 0.00 | |||||||||||||||
B-6 | 1,925,608.17 | 2.67823 | % | 1,925,608.17 | 4,297.68 | 0.00 | |||||||||||||||
Totals | 550,002,708.17 | 1,185,914.90 | 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 | 440,130.78 | 0.00 | 361,968,692.11 | |||||||||||||||||||
A-2 | 0.00 | 0.00 | 0.00 | 163,506.69 | 0.00 | 142,372,192.62 | |||||||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 77,480.88 | 0.00 | 98,902,597.89 | |||||||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 287,350.07 | 0.00 | 263,066,094.22 | |||||||||||||||||||
X-2 | 0.00 | 0.00 | 0.00 | 171,413.04 | 0.00 | 142,372,192.62 | |||||||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 6,868.49 | 0.00 | 9,075,000.00 | |||||||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||
B-1 | 0.00 | 0.00 | 0.00 | 13,385.62 | 0.00 | 9,075,000.00 | |||||||||||||||||||
B-2 | 0.00 | 0.00 | 0.00 | 10,433.94 | 0.00 | 4,675,000.00 | |||||||||||||||||||
B-3 | 0.00 | 0.00 | 0.00 | 5,523.85 | 0.00 | 2,475,000.00 | |||||||||||||||||||
B-4 | 0.00 | 0.00 | 0.00 | 3,682.57 | 0.00 | 1,650,000.00 | |||||||||||||||||||
B-5 | 0.00 | 0.00 | 0.00 | 1,841.28 | 0.00 | 825,000.00 | |||||||||||||||||||
B-6 | 0.00 | 0.00 | 0.00 | 4,297.68 | 0.00 | 1,925,608.17 | |||||||||||||||||||
Totals | 0.00 | 0.00 | 0.00 | 1,185,914.89 | 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 | Current | ||||||||||||||||||||||
Class | Original Face | Certificate | Certificate/ | Current Accrued | Interest | Interest | |||||||||||||||||||
(5) | Amount | Rate | Notional Balance | Interest | Shortfall | Shortfall | |||||||||||||||||||
A-1 | 379,455,000.00 | 1.45000 | % | 959.91926410 | 1.15990244 | 0.00000000 | 0.00000000 | ||||||||||||||||||
A-2 | 149,922,000.00 | 1.34000 | % | 976.66721942 | 1.09061172 | 0.00000000 | 0.00000000 | ||||||||||||||||||
X-1A | 0.00 | 0.93873 | % | 982.28666237 | 0.76841851 | 0.00000000 | 0.00000000 | ||||||||||||||||||
X-1B | 0.00 | 1.30022 | % | 951.82467819 | 1.03132072 | 0.00000000 | 0.00000000 | ||||||||||||||||||
X-2 | 0.00 | 1.40480 | % | 976.66721942 | 1.14334814 | 0.00000000 | 0.00000000 | ||||||||||||||||||
X-B | 0.00 | 0.90823 | % | 1000.00000000 | 0.75685840 | 0.00000000 | 0.00000000 | ||||||||||||||||||
A-R | 100.00 | 2.63263 | % | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-1 | 9,075,000.00 | 1.77000 | % | 1000.00000000 | 1.47500055 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-2 | 4,675,000.00 | 2.67823 | % | 1000.00000000 | 2.23185882 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-3 | 2,475,000.00 | 2.67823 | % | 1000.00000000 | 2.23185859 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-4 | 1,650,000.00 | 2.67823 | % | 1000.00000000 | 2.23186061 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-5 | 825,000.00 | 2.67823 | % | 1000.00000000 | 2.23185455 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-6 | 1,925,608.17 | 2.67823 | % | 1000.00000000 | 2.23185592 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Non- | Remaining | ||||||||||||||||||||
Supported | Unpaid | ||||||||||||||||||||
Class | Interest | Realized | Total Interest | Interest | Ending Certificate/ | ||||||||||||||||
(5) | Shortfall | Loss (6) | Distribution | Shortfall | Notational Balance | ||||||||||||||||
A-1 | 0.00000000 | 0.00000000 | 1.15990244 | 0.00000000 | 953.91730801 | ||||||||||||||||
A-2 | 0.00000000 | 0.00000000 | 1.09061172 | 0.00000000 | 949.64176452 | ||||||||||||||||
X-1A | 0.00000000 | 0.00000000 | 0.76841851 | 0.00000000 | 980.86891469 | ||||||||||||||||
X-1B | 0.00000000 | 0.00000000 | 1.03132072 | 0.00000000 | 944.16373305 | ||||||||||||||||
X-2 | 0.00000000 | 0.00000000 | 1.14334814 | 0.00000000 | 949.64176452 | ||||||||||||||||
X-B | 0.00000000 | 0.00000000 | 0.75685840 | 0.00000000 | 1000.00000000 | ||||||||||||||||
A-R | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||
B-1 | 0.00000000 | 0.00000000 | 1.47499945 | 0.00000000 | 1000.00000000 | ||||||||||||||||
B-2 | 0.00000000 | 0.00000000 | 2.23185882 | 0.00000000 | 1000.00000000 | ||||||||||||||||
B-3 | 0.00000000 | 0.00000000 | 2.23185859 | 0.00000000 | 1000.00000000 | ||||||||||||||||
B-4 | 0.00000000 | 0.00000000 | 2.23186061 | 0.00000000 | 1000.00000000 | ||||||||||||||||
B-5 | 0.00000000 | 0.00000000 | 2.23185455 | 0.00000000 | 1000.00000000 | ||||||||||||||||
B-6 | 0.00000000 | 0.00000000 | 2.23185592 | 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 | 7,688,057.45 | ||||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | ||||
Proceeds from Repurchased Loans | 0.00 | ||||
Other Amounts (Servicer Advances) | 6,214.78 | ||||
Realized Losses (Gains, Subsequent Expenses & Recoveries) | 0.00 | ||||
Prepayment Penalties | 0.00 | ||||
Total Deposits | 7,694,272.23 | ||||
Withdrawals | |||||
Reimbursement for Servicer Advances | 8,251.37 | ||||
Payment of Service Fee | 170,923.48 | ||||
Payment of Interest and Principal | 7,515,097.38 | ||||
Total Withdrawals (Pool Distribution Amount) | 7,694,272.23 | ||||
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 | 166,496.03 | |||
Master Servicing Fee | 4,427.45 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 170,923.48 | |||
Beginning | Current | Current | Ending | ||||||||||||||||
Account Type | Balance | Withdrawals | Deposits | Balance | |||||||||||||||
Reserve Fund | 5,000.00 | 0.00 | 0.00 | 5,000.00 | |||||||||||||||
Reserve Fund | 2,500.00 | 0.00 | 0.00 | 2,500.00 | |||||||||||||||
Reserve Fund | 2,500.00 | 0.00 | 0.00 | 2,500.00 |
Loan Status Stratification/Credit Enhancement Statement
DELINQUENT | BANKRUPTCY | FORECLOSURE | ||||||||||||||||||||||||||||||
No. of | Balance | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Principal | Loans | Balance | Loans | Balance | |||||||||||||||||||||||||||
0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | 0-29 Days | 0 | 0.00 | ||||||||||||||||||||||||
30 Days | 7 | 2,560,832.90 | 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 | ||||||||||||||||||||||||
7 | 2,560,832.90 | 0 | 0.00 | 0 | 0.00 |
No. of | Balance | No. of | Principal | No. of | Principal | |||||||||||||||||||||||||||
Loans | Principal | 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 | 0.454841 | % | 0.487808 | % | 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 | % | ||||||||||||||||||
0.454841 | % | 0.487808 | % | 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 | 7 | 2,560,832.90 | |||||||||||||||
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 | 7 | 2,560,832.90 |
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 | 0.454841 | % | 0.487808 | % | |||||||||||
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 | % | 0.454841 | % | 0.487808 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance | 6,214.78 |
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ | Original % | Current $ | Current % | Current Class % | Prepayment % | ||||||||||||||||||||
Class A | 20,625,608.17 | 3.75009211 | % | 20,625,608.17 | 3.92893803 | % | 96.071062 | % | 0.000000 | % | |||||||||||||||
Class X-2 | 20,625,608.17 | 3.75009211 | % | 20,625,608.17 | 3.92893808 | % | 0.000000 | % | 0.000000 | % | |||||||||||||||
Class B-1 | 11,550,608.17 | 2.10010024 | % | 11,550,608.17 | 2.20025627 | % | 1.728682 | % | 43.998703 | % | |||||||||||||||
Class B-2 | 6,875,608.17 | 1.25010442 | % | 6,875,608.17 | 1.30972324 | % | 0.890533 | % | 22.665998 | % | |||||||||||||||
Class B-3 | 4,400,608.17 | 0.80010664 | % | 4,400,608.17 | 0.83826458 | % | 0.471459 | % | 11.999646 | % | |||||||||||||||
Class B-4 | 2,750,608.17 | 0.50010811 | % | 2,750,608.17 | 0.52395881 | % | 0.314306 | % | 7.999764 | % | |||||||||||||||
Class B-5 | 1,925,608.17 | 0.35010885 | % | 1,925,608.17 | 0.36680592 | % | 0.157153 | % | 3.999882 | % | |||||||||||||||
Class B-6 | 0.00 | 0.00000000 | % | 0.00 | 0.00000000 | % | 0.366806 | % | 9.336007 | % |
Please refer to the prospectus supplement for a full description of loss exposure
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 | 4 | 2,073,092.04 | 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 | ||||||||||||||||||||||||
4 | 2,073,092.04 | 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 | 0.366300 | % | 0.550252 | % | 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 | % | ||||||||||||||||||
0.366300 | % | 0.550252 | % | 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 | 4 | 2,073,092.04 | |||||||||||||||
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 | 4 | 2,073,092.04 |
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 | 0.366300 | % | 0.550252 | % | |||||||||||
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 | % | 0.366300 | % | 0.550252 | % |
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 | 3 | 487,740.86 | 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 | ||||||||||||||||||||||||
3 | 487,740.86 | 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 | 0.671141 | % | 0.329078 | % | 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 | % | ||||||||||||||||||
0.671141 | % | 0.329078 | % | 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 | 487,740.86 | |||||||||||||||
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 | 3 | 487,740.86 |
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 | 0.671141 | % | 0.329078 | % | |||||||||||
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 | % | 0.671141 | % | 0.329078 | % |
Collateral Statement
Collateral Description | Mixed Arm | |||
Weighted Average Gross Coupon | 3.064595 | % | ||
Weighted Average Net Coupon | 2.688542 | % | ||
Weighted Average Pass-Through Rate | 2.678542 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 353 | |||
Beginning Scheduled Collateral Loan Count | 1,551 | |||
Number of Loans Paid in Full | 12 | |||
Ending Scheduled Collateral Loan Count | 1,539 | |||
Beginning Scheduled Collateral Balance | 531,295,675.40 | |||
Ending Scheduled Collateral Balance | 524,966,492.90 | |||
Ending Actual Collateral Balance at 31-Oct-2003 | 524,967,423.00 | |||
Monthly P&I Constant | 1,357,135.67 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realized Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Class A Optimal Amount | 7,469,063.96 | |||
Ending Scheduled Balance for Premium Loans | 524,966,492.90 | |||
Scheduled Principal | 297.28 | |||
Unscheduled Principal | 6,328,885.22 |
Miscellaneous Reporting
Group 1 One Month Libor Loan Balance | 102,942,077.40 | |||
Group 1 Six Month Libor Loan Balance | 273,810,504.58 | |||
Group 2 Six Month Libor Loan Balance | 148,213,910.92 | |||
Pro-Rata Senior Percent | 96.117866 | % | ||
Group 1 Senior Percent | 100.000000 | % | ||
Group 2 Senior Percent | 100.000000 | % | ||
Group 1 Senior Prepayment Percent | 100.000000 | % | ||
Group 2 Senior Prepayment Percent | 100.000000 | % |
Group | 1 | 2 | Total | |||||||||
Collateral Description | Mixed ARM | Mixed ARM | Mixed ARM | |||||||||
Weighted Average Coupon Rate | 3.038402 | 3.129796 | 3.064595 | |||||||||
Weighted Average Net Rate | 2.661927 | 2.754796 | 2.688542 | |||||||||
Pass-Through Rate | 2.651927 | 2.744796 | 2.678542 | |||||||||
Weighted Average Maturity | 328 | 332 | 353 | |||||||||
Record Date | 10/31/2003 | 10/31/2003 | 10/31/2003 | |||||||||
Principal and Interest Constant | 959,704.84 | 397,430.83 | 1,357,135.67 | |||||||||
Beginning Loan Count | 1,097 | 454 | 1,551 | |||||||||
Loans Paid in Full | 5 | 7 | 12 | |||||||||
Ending Loan Count | 1,092 | 447 | 1,539 | |||||||||
Beginning Scheduled Balance | 379,030,054.23 | 152,265,621.17 | 531,295,675.40 | |||||||||
Ending Scheduled Balance | 376,752,581.98 | 148,213,910.92 | 524,966,492.90 | |||||||||
Scheduled Principal | 0.00 | 297.28 | 297.28 | |||||||||
Unscheduled Principal | 2,277,472.25 | 4,051,412.97 | 6,328,885.22 | |||||||||
Scheduled Interest | 959,704.84 | 397,133.55 | 1,356,838.39 | |||||||||
Servicing Fee | 118,913.03 | 47,583.00 | 166,496.03 | |||||||||
Master Servicing Fee | 3,158.58 | 1,268.87 | 4,427.45 | |||||||||
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 | 837,633.23 | 348,281.68 | 1,185,914.91 | |||||||||
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 |