EXHIBIT 10.1
Contact: | Customer Services – CTSLink | |
Wells Fargo Bank Minnesota, N.A | ||
Securities Administration Services | ||
7485 New Horizon Way | ||
Frederick, MD 21703 | ||
www.ctslink.com | ||
Telephone: (301) 815-6600 | ||
Fax: (301) 315-6660 |
SMT SERIES 2002-10
Distribution Date: November 20, 2003
Certificateholder Distribution Summary
Certificate | Certificate | |||||||||||||||||||
Class | Pass-Through | Beginning | Interest | |||||||||||||||||
Class | CUSIP | Description | Rate | Certificate Balance | Distribution | |||||||||||||||
1A | 81743VAA1 | SEN | 1.52000 | % | 734,384,436.02 | 930,220.28 | ||||||||||||||
2A-1 | 81743VAB9 | SEN | 1.50000 | % | 171,011,308.51 | 213,764.13 | ||||||||||||||
2A-2 | 81743VAN3 | SEN | 1.80000 | % | 3,500,000.00 | 5,250.00 | ||||||||||||||
X-1A | 81743VAC7 | IO | 1.11519 | % | 0.00 | 322,274.51 | ||||||||||||||
X-1B | 81743VAD5 | IO | 1.19436 | % | 0.00 | 385,778.29 | ||||||||||||||
X-2 | 81743VAP8 | IO | 1.21216 | % | 0.00 | 176,279.64 | ||||||||||||||
X-B | 81743VAE3 | IO | 0.65462 | % | 0.00 | 14,033.40 | ||||||||||||||
A-R | 81743VAF0 | SEN | 3.37720 | % | 0.00 | 0.00 | ||||||||||||||
B-1 | 81743VAG8 | SUB | 1.92000 | % | 12,600,000.00 | 20,160.00 | ||||||||||||||
B-2 | 81743VAH6 | SUB | 1.92000 | % | 8,400,000.00 | 13,440.00 | ||||||||||||||
B-3 | 81743VAJ2 | SUB | 2.52000 | % | 4,725,000.00 | 9,922.50 | ||||||||||||||
B-4 | SMT0210B4 | SUB | 2.68482 | % | 2,625,000.00 | 5,873.05 | ||||||||||||||
B-5 | SMT0210B5 | SUB | 2.68482 | % | 2,100,000.00 | 4.698.44 | ||||||||||||||
B-6 | SMT0210B6 | SUB | 2.68482 | % | 3,685,162.00 | 8,245.01 | ||||||||||||||
Totals | 943,030,906.53 | 2,109,939.25 | ||||||||||||||||||
[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 | 6,827,527.04 | 0.00 | 727,556,908.98 | 7,757,747.32 | 0.00 | |||||||||||||||
2A-1 | 1,742,406.86 | 0.00 | 169,268,901.65 | 1,956,170.99 | 0.00 | |||||||||||||||
2A-2 | 0.00 | 0.00 | 3,500,000.00 | 5,250.00 | 0.00 | |||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 322,274.51 | 0.00 | |||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 385,778.29 | 0.00 | |||||||||||||||
X-2 | 0.00 | 0.00 | 0.00 | 176,279.64 | 0.00 | |||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 14,033.40 | 0.00 | |||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||
B-1 | 0.00 | 0.00 | 12,600,000.00 | 20,160.00 | 0.00 | |||||||||||||||
B-2 | 0.00 | 0.00 | 8,400,000.00 | 13,440.00 | 0.00 | |||||||||||||||
B-3 | 0.00 | 0.00 | 4,725,000.00 | 9,922.50 | 0.00 | |||||||||||||||
B-4 | 0.00 | 0.00 | 2,625,000.00 | 5,873.05 | 0.00 | |||||||||||||||
B-5 | 0.00 | 0.00 | 2,100,000.00 | 4.698.44 | 0.00 | |||||||||||||||
B-6 | 0.00 | 0.00 | 3,685,162.00 | 8,245.01 | 0.00 | |||||||||||||||
Totals | 8,569,933.90 | 0.00 | 934,460,972.63 | 10,679,873.15 | 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 | 822,375,000.00 | 734,384,436.02 | 0.00 | 6,827,527.04 | 0.00 | 0.00 | ||||||||||||||||||
2A-1 | 190,000,000.00 | 171,011,308.51 | 0.00 | 1,742,406.86 | 0.00 | 0.00 | ||||||||||||||||||
2A-2 | 3,500,000.00 | 3,500,000.00 | 0.00 | 0.00 | 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 | 12,600,000.00 | 12,600,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
B-2 | 8,400,000.00 | 8,400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
B-3 | 4,725,000.00 | 4,725,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
B-4 | 2,625,000.00 | 2,625,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
B-5 | 2,100,000.00 | 2,100,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
B-6 | 3,685,162.00 | 3,685,162.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||
Totals | 1,050,010,262.00 | 943,030,906.53 | 0.00 | 8,569,933.90 | 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 | 6,827,527.04 | 727,556,908.98 | 0.88470212 | 6,827,527.04 | ||||||||||||
2A-1 | 1,742,406.86 | 169,268,901.65 | 0.89088896 | 1,742,406.86 | ||||||||||||
2A-2 | 0.00 | 3,500,000.00 | 1.00000000 | 0.00 | ||||||||||||
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 | 12,600,000.00 | 1.00000000 | 0.00 | ||||||||||||
B-2 | 0.00 | 8,400,000.00 | 1.00000000 | 0.00 | ||||||||||||
B-3 | 0.00 | 4,725,000.00 | 1.00000000 | 0.00 | ||||||||||||
B-4 | 0.00 | 2,625,000.00 | 1.00000000 | 0.00 | ||||||||||||
B-5 | 0.00 | 2,100,000.00 | 1.00000000 | 0.00 | ||||||||||||
B-6 | 0.00 | 3,685,162.00 | 1.00000000 | 0.00 | ||||||||||||
Totals | 8,569,933.90 | 934,460,972.63 | 0.88995413 | 8,569,933.90 | ||||||||||||
(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
Scheduled | Unscheduled | |||||||||||||||||||||||
Original Face | Beginning | Principal | Principal | Realized | ||||||||||||||||||||
Class | Amount | Certificate Balance | Distribution | Distribution | Accretion | Loss (3) | ||||||||||||||||||
1A | 822,375,000.00 | 893.00433017 | 0.00000000 | 8.30220646 | 0.00000000 | 0.00000000 | ||||||||||||||||||
2A-1 | 190,000,000.00 | 900.05951847 | 0.00000000 | 9.17056242 | 0.00000000 | 0.00000000 | ||||||||||||||||||
2A-2 | 3,500,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 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 | 12,600,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-2 | 8,400,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-3 | 4,725,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-4 | 2,625,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-5 | 2,100,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||
B-6 | 3,685,162.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Ending | ||||||||||||||||
Total Principal | Certificate | Ending Certificate | Total Principal | |||||||||||||
Class | Reduction | Balance | Percentage | Distribution | ||||||||||||
1A | 8.30220646 | 884.70212370 | 0.88470212 | 8.30220646 | ||||||||||||
2A-1 | 9.17056242 | 890.88895605 | 0.89088896 | 9.17056242 | ||||||||||||
2A-2 | 0.00000000 | 1000.00000000 | 1.00000000 | 0.00000000 | ||||||||||||
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 | 822,375,000.00 | 1.52000 | % | 734,384,436.02 | 930,220.29 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
2A-1 | 190,000,000.00 | 1.50000 | % | 171,011,308.51 | 213,764.14 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
2A-2 | 3,500,000.00 | 1.80000 | % | 3,500,000.00 | 5,250.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
X-1A | 0.00 | 1.11519 | % | 346,782,683.38 | 322,274.51 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
X-1B | 0.00 | 1.19436 | % | 387,601,752.64 | 385,778.29 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
X-2 | 0.00 | 1.21216 | % | 174,511,308.51 | 176,279.64 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
X-B | 0.00 | 0.65462 | % | 25,725,000.00 | 14,033.40 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
A-R | 100.00 | 3.37720 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
B-1 | 12,600,000.00 | 1.92000 | % | 12,600,000.00 | 20,160.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
B-2 | 8,400,000.00 | 1.92000 | % | 8,400,000.00 | 13,440.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
B-3 | 4,725,000.00 | 2.52000 | % | 4,725,000.00 | 9,922.50 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
B-4 | 2,625,000.00 | 2.68482 | % | 2,625,000.00 | 5,873.05 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
B-5 | 2,100,000.00 | 2.68482 | % | 2,100,000.00 | 4,698.44 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
B-6 | 3,685,162.00 | 2.68482 | % | 3,685,162.00 | 8,245.01 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||
Totals | 1,050,010,262.00 | 2,109,939.27 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Remaining | Ending | |||||||||||
Unpaid | Certificate/ | |||||||||||
Total Interest | Interest | Notational | ||||||||||
Class | Distribution | Shortfall | Balance | |||||||||
1A | 930,220.28 | 0.00 | 727,556,908.98 | |||||||||
2A-1 | 213,764.13 | 0.00 | 169,268,901.65 | |||||||||
2A-2 | 5,250.00 | 0.00 | 3,500,000.00 | |||||||||
X-1A | 322,274.51 | 0.00 | 343,047,870.29 | |||||||||
X-1B | 385,778.29 | 0.00 | 384,509,038.69 | |||||||||
X-2 | 176,279.64 | 0.00 | 172,768,901.65 | |||||||||
X-B | 14,033.40 | 0.00 | 25,725,000.00 | |||||||||
A-R | 0.00 | 0.00 | 0.00 | |||||||||
B-1 | 20,160.00 | 0.00 | 12,600,000.00 | |||||||||
B-2 | 13,440.00 | 0.00 | 8,400,000.00 | |||||||||
B-3 | 9,922.50 | 0.00 | 4,725,000.00 | |||||||||
B-4 | 5,873.05 | 0.00 | 2,625,000.00 | |||||||||
B-5 | 4,698.44 | 0.00 | 2,100,000.00 | |||||||||
B-6 | 8,245.01 | 0.00 | 3,685,162.00 | |||||||||
Totals | 2,109,939.25 | 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
Beginning | Payment of | Non- | ||||||||||||||||||||||||||||||
Current | Certificate/ | Current | Unpaid | Current | Supported | |||||||||||||||||||||||||||
Class | Original Face | Certificate | Notional | Accrued | Interest | Interest | Interest | Realized | ||||||||||||||||||||||||
(5) | Amount | Rate | Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (6) | ||||||||||||||||||||||||
1A | 822,375,000.00 | 1.52000 | % | 893.00433017 | 1.13113882 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
2A-1 | 190,000,000.00 | 1.50000 | % | 900.05951847 | 1.12507442 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
2A-2 | 3,500,000.00 | 1.80000 | % | 1000.00000000 | 1.50000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
X-1A | 0.00 | 1.11519 | % | 882.48895531 | 0.82012081 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
X-1B | 0.00 | 1.19436 | % | 902.62699746 | 0.89838061 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
X-2 | 0.00 | 1.21216 | % | 901.86722744 | 0.91100589 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
X-B | 0.00 | 0.65462 | % | 1000.00000000 | 0.54551603 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
A-R | 100.00 | 3.37720 | % | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
B-1 | 12,600,000.00 | 1.92000 | % | 1000.00000000 | 1.60000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
B-2 | 8,400,000.00 | 1.92000 | % | 1000.00000000 | 1.60000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
B-3 | 4,725,000.00 | 2.52000 | % | 1000.00000000 | 2.10000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
B-4 | 2,625,000.00 | 2.68482 | % | 1000.00000000 | 2.23735238 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
B-5 | 2,100,000.00 | 2.68482 | % | 1000.00000000 | 2.23735238 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||||||||||||
B-6 | 3,685,162.00 | 2.68482 | % | 1000.00000000 | 2.23735347 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 |
[Additional columns below]
[Continued from above table, first column(s) repeated]
Remaining | ||||||||||||
Unpaid | ||||||||||||
Class | Total Interest | Interest | Ending Certificate/ | |||||||||
(5) | Distribution | Shortfall | Notational Balance | |||||||||
1A | 1.13113881 | 0.00000000 | 884.70212370 | |||||||||
2A-1 | 1.12507437 | 0.00000000 | 890.88895605 | |||||||||
2A-2 | 1.50000000 | 0.00000000 | 1000.00000000 | |||||||||
X-1A | 0.82012081 | 0.00000000 | 872.98464192 | |||||||||
X-1B | 0.89838061 | 0.00000000 | 895.42484451 | |||||||||
X-2 | 0.91100589 | 0.00000000 | 892.86254083 | |||||||||
X-B | 0.54551603 | 0.00000000 | 1000.00000000 | |||||||||
A-R | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||
B-1 | 1.60000000 | 0.00000000 | 1000.00000000 | |||||||||
B-2 | 1.60000000 | 0.00000000 | 1000.00000000 | |||||||||
B-3 | 2.10000000 | 0.00000000 | 1000.00000000 | |||||||||
B-4 | 2.23735238 | 0.00000000 | 1000.00000000 | |||||||||
B-5 | 2.23735238 | 0.00000000 | 1000.00000000 | |||||||||
B-6 | 2.23735347 | 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 | 10,875,315.28 | ||||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | ||||
Proceeds from Repurchased Loans | 0.00 | ||||
Other Amounts (Servicer Advances) | 3,085.15 | ||||
Realized Losses | 0.00 | ||||
Prepayment Penalties | 0.00 | ||||
Total Deposits | 10,878,400.43 | ||||
Withdrawals | |||||
Reimbursement for Servicer Advances | 2,062.50 | ||||
Payment of Service Fee | 196,464.78 | ||||
Payment of Interest and Principal | 10,679,873.15 | ||||
Total Withdrawals (Pool Distribution Amount) | 10,878,400.43 | ||||
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 | 196,464.78 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 196,464.78 | |||
Beginning | Current | Current | Ending | |||||||||||||
Account Type | Balance | Withdrawals | Deposits | Balance | ||||||||||||
Class X-A Basis Risk Reserve Fund | 8,000.00 | 0.00 | 0.00 | 8,000.00 | ||||||||||||
Class X-B Basis Risk Reserve Fund | 2,000.00 | 0.00 | 0.00 | 2,000.00 |
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 | 3 | 1,315,871.08 | 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 | 1,315,871.08 | 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 | 0.120627 | % | 0.140816 | % | 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 | % | ||||||||||||||||||
0.120627 | % | 0.140816 | % | 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 | 1,315,871.08 | |||||||||||||||
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 | 1,315,871.08 |
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 | 0.120627 | % | 0.140816 | % | |||||||||||
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 | % | 0.120627 | % | 0.140816 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance | 3,085.15 |
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ | Original % | Current $ | Current % | Current Class % | Prepayment % | |||||||||||||||||||
Class A | 1,050,010,162.00 | 99.99999048 | % | 934,460,972.63 | 100.00000000 | % | 96.347075 | % | 0.000000 | % | ||||||||||||||
Class 1A | 227,635,162.00 | 21.67932736 | % | 206,904,063.65 | 22.14154146 | % | 77.858459 | % | 2,131.400194 | % | ||||||||||||||
Class 2-A-1 | 37,635,162.00 | 3.58426611 | % | 37,635,162.00 | 4.02747285 | % | 18.114069 | % | 495.878419 | % | ||||||||||||||
Class 2-A-2 | 34,135,162.00 | 3.25093604 | % | 34,135,162.00 | 3.65292538 | % | 0.374547 | % | 10.253357 | % | ||||||||||||||
Class X-2 | 34,135,162.00 | 3.25093604 | % | 34,135,162.00 | 3.65292538 | % | 0.000000 | % | 0.000000 | % | ||||||||||||||
Class B-1 | 21,535,162.00 | 2.05094776 | % | 21,535,162.00 | 2.30455446 | % | 1.348371 | % | 36.912085 | % | ||||||||||||||
Class B-2 | 13,135,162.00 | 1.25095558 | % | 13,135,162.00 | 1.40564051 | % | 0.898914 | % | 24.608057 | % | ||||||||||||||
Class B-3 | 8,410,162.00 | 0.80095998 | % | 8,410,162.00 | 0.90000142 | % | 0.505639 | % | 13.842032 | % | ||||||||||||||
Class B-4 | 5,785,162.00 | 0.55096242 | % | 5,785,162.00 | 0.61909081 | % | 0.280911 | % | 7.690018 | % | ||||||||||||||
Class B-5 | 3,685,162.00 | 0.35096438 | % | 3,685,162.00 | 0.39436232 | % | 0.224728 | % | 6.152014 | % | ||||||||||||||
Class B-6 | 0.00 | 0.00000000 | % | 0.00 | 0.00000000 | % | 0.394362 | % | 10.795795 | % |
Please refer to the prospectus supplement for a full description of loss exposure
Original $ | Original % | Current $ | Current % | |||||||||||||
Bankruptcy | 163,046.00 | 0.01552804 | % | 163,046.00 | 0.01744813 | % | ||||||||||
Fraud | 31,500,308.00 | 3.00000001 | % | 18,795,490.62 | 2.01137246 | % | ||||||||||
Special Hazard | 11,240,000.00 | 1.07046573 | % | 10,766,804.46 | 1.15219413 | % |
Limit of subordinate’s exposure to certain types of losses
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 | 2 | 1,027,471.80 | 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 | 1,027,471.80 | 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 | 0.101729 | % | 0.136055 | % | 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 | % | ||||||||||||||||||
0.101729 | % | 0.136055 | % | 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 | 1,027,471.80 | |||||||||||||||
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 | 1,027,471.80 |
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 | 0.101729 | % | 0.136055 | % | |||||||||||
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 | % | 0.101729 | % | 0.136055 | % |
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 | 1 | 288,399.28 | 30 Days | 0 | 0.00 | 30 Days | 0 | 0.00 | ||||||||||||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | ||||||||||||||||||||||||
90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | ||||||||||||||||||||||||
120 Days | 0 | 0.00 | 120 Days | 0 | 0.00 | 120 Days | 0 | 0.00 | ||||||||||||||||||||||||
150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | ||||||||||||||||||||||||
180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | ||||||||||||||||||||||||
1 | 288,399.28 | 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 | 0.191939 | % | 0.160872 | % | 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 | % | ||||||||||||||||||
0.191939 | % | 0.160872 | % | 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 | 1 | 288,399.28 | |||||||||||||||
60 Days | 0 | 0.00 | 60 Days | 0 | 0.00 | |||||||||||||||
90 Days | 0 | 0.00 | 90 Days | 0 | 0.00 | |||||||||||||||
120 Days | 0 | 0.00 | 120 Days | 0 | 0.00 | |||||||||||||||
150 Days | 0 | 0.00 | 150 Days | 0 | 0.00 | |||||||||||||||
180+ Days | 0 | 0.00 | 180+ Days | 0 | 0.00 | |||||||||||||||
0 | 0.00 | 1 | 288,399.28 |
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 | 0.191939 | % | 0.160872 | % | |||||||||||
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 | % | 0.191939 | % | 0.160872 | % |
Collateral Statement
Collateral Description | Mixed ARM | |||
Weighted Average Gross Coupon | 2.934882 | % | ||
Weighted Average Net Coupon | 2.684882 | % | ||
Weighted Average Pass-Through Rate | 2.684882 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 285 | |||
Beginning Scheduled Collateral Loan Count | 2,512 | |||
Number of Loans Paid in Full | 25 | |||
Ending Scheduled Collateral Loan Count | 2,487 | |||
Beginning Scheduled Collateral Balance | 943,030,906.53 | |||
Ending Scheduled Collateral Balance | 934,460,972.63 | |||
Ending Actual Collateral Balance at 31-Oct-2003 | 934,460,973.87 | |||
Monthly P&I Constant | 2,306,404.03 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realization Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Class A Optimal Amount | 10,603,500.76 | |||
Ending Scheduled Balance for Premium Loans | 934,460,972.63 | |||
Scheduled Principal | 0.00 | |||
Unscheduled Principal | 8,569,933.90 |
Group | 1 | 2 | Total | |||||||||
Collateral Description | Mixed ARM | 6 Month ARM | Mixed ARM | |||||||||
Weighted Average Coupon Rate | 2.926974 | 2.968176 | 2.934882 | |||||||||
Weighted Average Net Rate | 2.676974 | 2.718176 | 2.684882 | |||||||||
Pass-Through Rate | 2.676974 | 2.718176 | 2.684882 | |||||||||
Weighted Average Maturity | 285 | 285 | 285 | |||||||||
Record Date | 10/31/2003 | 10/31/2003 | 10/31/2003 | |||||||||
Principal and Interest Constant | 1,858,668.28 | 447,735.75 | 2,306,404.03 | |||||||||
Beginning Loan Count | 1,985 | 527 | 2,512 | |||||||||
Loans Paid in Full | 19 | 6 | 25 | |||||||||
Ending Loan Count | 1,966 | 521 | 2,487 | |||||||||
Beginning Scheduled Balance | 762,016,433.02 | 181,014,473.51 | 943,030,906.53 | |||||||||
Ending Scheduled Balance | 755,188,905.98 | 179,272,066.65 | 934,460,972.63 | |||||||||
Scheduled Principal | 0.00 | 0.00 | 0.00 | |||||||||
Unscheduled Principal | 6,827,527.04 | 1,742,406.86 | 8,569,933.90 | |||||||||
Scheduled Interest | 1,858,668.28 | 447,735.75 | 2,306,404.03 | |||||||||
Servicing Fee | 158,753.43 | 37,711.35 | 196,464.78 | |||||||||
Master Servicing Fee | 0.00 | 0.00 | 0.00 | |||||||||
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 | 1,699,914.85 | 410,024.40 | 2,109,939.25 | |||||||||
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 1 | ||||
One Month LIBOR Loans | 356,076,538.71 | |||
Six Month LIBOR Loans | 399,112,367.27 | |||
Pro Rata Senior Percentage | 96.373832 | % | ||
Senior Percentage | 100.000000 | % | ||
Senior Prepayment Percentage | 100.000000 | % | ||
Subordinate Percentage | 0.000000 | % | ||
Subordinate Prepayment Percentage | 0.000000 | % | ||
Group 2 | ||||
Pro Rata Senior Percentage | 96.407378 | % | ||
Senior Percentage | 100.000000 | % | ||
Senior Prepayment Percentage | 100.000000 | % | ||
Subordinate Percentage | 0.000000 | % | ||
Subordinate Prepayment Percentage | 0.000000 | % |