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 2002-11
Record Date: October 31, 2003
Distribution Date: November 20, 2003
Certificateholder Distribution Summary
Certificate | Certificate | |||||||||||||||||||||
Class | Pass-Through | Beginning | Interest | |||||||||||||||||||
Class | CUSIP | Description | Rate | Certificate Balance | Distribution | |||||||||||||||||
A | 81744AAA6 | SEN | 1.57000 | % | 617,787,354.37 | 808,271.77 | ||||||||||||||||
X-1A | 81744AAC2 | IO | 0.90058 | % | 0.00 | 133,003.03 | ||||||||||||||||
X-1B | 81744AAD0 | IO | 1.02343 | % | 0.00 | 375,736.97 | ||||||||||||||||
X-B | 81744AAE8 | IO | 0.46819 | % | 0.00 | 3,794.64 | ||||||||||||||||
A-R | 81744AAF5 | SEN | 3.25208 | % | 0.00 | 0.00 | ||||||||||||||||
B-1 | 81744AAB4 | SUB | 2.09000 | % | 9,726,000.00 | 16,939.45 | ||||||||||||||||
B-2 | 81744AAG3 | SUB | 2.55819 | % | 5,764,000.00 | 12,287.81 | ||||||||||||||||
B-3 | 81744AAH1 | SUB | 2.55819 | % | 3,962,000.00 | 8,446.27 | ||||||||||||||||
B-4 | SMT0211B4 | SUB | 2.55819 | % | 1,801,000.00 | 3,839.41 | ||||||||||||||||
B-5 | SMT0211B5 | SUB | 2.55819 | % | 1,080,000.00 | 2,302.37 | ||||||||||||||||
B-6 | SMT0211B6 | SUB | 2.55819 | % | 2,882,787.00 | 6,145.58 | ||||||||||||||||
Totals | 643,003,141.37 | 1,370,767.30 | ||||||||||||||||||||
[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 | 8,471,838.46 | 0.00 | 609,315,515.91 | 9,280,110.23 | 0.00 | |||||||||||||||||
X-1A | 0.00 | 0.00 | 0.00 | 133,003.03 | 0.00 | |||||||||||||||||
X-1B | 0.00 | 0.00 | 0.00 | 375,736.97 | 0.00 | |||||||||||||||||
X-B | 0.00 | 0.00 | 0.00 | 3,794.64 | 0.00 | |||||||||||||||||
A-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||
B-1 | 0.00 | 0.00 | 9,726,000.00 | 16,939.45 | 0.00 | |||||||||||||||||
B-2 | 0.00 | 0.00 | 5,764,000.00 | 12,287.81 | 0.00 | |||||||||||||||||
B-3 | 0.00 | 0.00 | 3,962,000.00 | 8,446.27 | 0.00 | |||||||||||||||||
B-4 | 0.00 | 0.00 | 1,801,000.00 | 3,839.41 | 0.00 | |||||||||||||||||
B-5 | 0.00 | 0.00 | 1,080,000.00 | 2,302.37 | 0.00 | |||||||||||||||||
B-6 | 0.00 | 0.00 | 2,882,787.00 | 6,145.58 | 0.00 | |||||||||||||||||
Totals | 8,471,838.46 | 0.00 | 634,531,302.91 | 9,842,605.76 | 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 | 695,210,000.00 | 617,787,354.37 | 0.00 | 8,471,838.45 | 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-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 | 9,726,000.00 | 9,726,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-2 | 5,726,000.00 | 5,764,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-3 | 3,962,000.00 | 3,962,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-4 | 1,801,000.00 | 1,801,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-5 | 1,080,000.00 | 1,080,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
B-6 | 2,882,787.00 | 2,882,787.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||
Totals | 720,425,887.00 | 643,003,141.37 | 0.00 | 8,471,838.45 | 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 | 8,471,838.46 | 609,315,515.91 | 0.87644815 | 8,471,838.46 | ||||||||||||||
X-1A | 0.00 | 0.00 | 0.00000000 | 0.00 | ||||||||||||||
X-1B | 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 | 9,726,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-2 | 0.00 | 5,764,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-3 | 0.00 | 3,962,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-4 | 0.00 | 1,801,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-5 | 0.00 | 1,080,000.00 | 1.00000000 | 0.00 | ||||||||||||||
B-6 | 0.00 | 2,882,787.00 | 1.00000000 | 0.00 | ||||||||||||||
Totals | 8,471,838.46 | 634,531,302.91 | 0.88077249 | 8,471,838.46 | ||||||||||||||
(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 | Certificate | Principal | Principal | Realized | ||||||||||||||||||||||
Class | Face Amount | Balance | Distribution | Distribution | Accretion | Loss (3) | ||||||||||||||||||||
A | 695,210,000.00 | 888.63415999 | 0.00000000 | 12.18601351 | 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-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 | 9,726,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||
B-2 | 5,764,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||
B-3 | 3,962,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||
B-4 | 1,801,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||
B-5 | 1,080,000.00 | 1000.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||
B-6 | 2,882,787.00 | 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 | |||||||||||||
A | 12.18601352 | 876.44814647 | 0.87644815 | 12.18601352 | |||||||||||||
X-1A | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | |||||||||||||
X-1B | 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 | Non- | |||||||||||||||||||||||||||||||||
Beginning | Current | Unpaid | Current | Supported | ||||||||||||||||||||||||||||||
Original Face | Current | Certificate/ | Accrued | Interest | Interest | Interest | Realized | |||||||||||||||||||||||||||
Class | Amount | Certificate Rate | Notional Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (4) | ||||||||||||||||||||||||||
A | 695,210,000.00 | 1.57000 | % | 617,787,354.37 | 808,271.79 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-1A | 0.00 | 0.90058 | % | 177,223,268.60 | 133,003.03 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-1B | 0.00 | 1.02343 | % | 440,564,085.77 | 375,736.97 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
X-B | 0.00 | 0.46819 | % | 9,726,000.00 | 3,794.64 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
A-R | 100.00 | 3.25208 | % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-1 | 9,726,000.00 | 2.09000 | % | 9,726,000.00 | 16,939.45 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-2 | 5,764,000.00 | 2.55819 | % | 5,764,000.00 | 12,287.81 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-3 | 3,962,000.00 | 2.55819 | % | 3,962,000.00 | 8,446.27 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-4 | 1,801,000.00 | 2.55819 | % | 1,801,000.00 | 3,839.41 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-5 | 1,080,000.00 | 2.55819 | % | 1,080,000.00 | 2,302.37 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
B-6 | 2,882,787.00 | 2.55819 | % | 2,882,787.00 | 6,145.58 | 0.00 | 0.00 | 0.00 | 0.00 | |||||||||||||||||||||||||
Totals | 720,425,887.00 | 1,370,767.32 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||||||||||||||||||||
[Additional columns below]
[Continued from above table, first column(s) repeated]
Remaining | ||||||||||||||
Unpaid | ||||||||||||||
Total Interest | Interest | Ending Certificate/ | ||||||||||||
Class | Distribution | Shortfall | Notational Balance | |||||||||||
A | 808,271.77 | 0.00 | 609,315,515.91 | |||||||||||
X-1A | 133,003.03 | 0.00 | 174,660,665.50 | |||||||||||
X-1B | 375,736.97 | 0.00 | 434,654,961.41 | |||||||||||
X-B | 3,794.64 | 0.00 | 9,726,000.00 | |||||||||||
A-R | 0.00 | 0.00 | 0.00 | |||||||||||
B-1 | 16,939.45 | 0.00 | 9,726,000.00 | |||||||||||
B-2 | 12,287.81 | 0.00 | 5,764,000.00 | |||||||||||
B-3 | 8,446.27 | 0.00 | 3,962,000.00 | |||||||||||
B-4 | 3,839.41 | 0.00 | 1,801,000.00 | |||||||||||
B-5 | 2,302.37 | 0.00 | 1,080,000.00 | |||||||||||
B-6 | 6,145.58 | 0.00 | 2,882,787.00 | |||||||||||
Totals | 1,370,767.30 | 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- | |||||||||||||||||||||||||||||||
Certificate/ | Current | Unpaid | Current | Supported | |||||||||||||||||||||||||||||
Class | Original Face | Current | Notional | Accrued | Interest | Interest | Interest | Realized | |||||||||||||||||||||||||
(5) | Amount | Certificate Rate | Balance | Interest | Shortfall | Shortfall | Shortfall | Loss (6) | |||||||||||||||||||||||||
A | 695,210,000.00 | 1.57000 | % | 888.63415999 | 1.16262969 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-1A | 0.00 | 0.90058 | % | 924.18640670 | 0.69358608 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-1B | 0.00 | 1.02343 | % | 875.09263753 | 0.74632651 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
X-B | 0.00 | 0.46819 | % | 1000.00000000 | 0.39015423 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
A-R | 100.00 | 3.25208 | % | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-1 | 9,726,000.00 | 2.09000 | % | 1000.00000000 | 1.74166667 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-2 | 5,726,000.00 | 2.55819 | % | 1000.00000000 | 2.13181992 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-3 | 3,962,000.00 | 2.55819 | % | 1000.00000000 | 2.13181979 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-4 | 1,801,000.00 | 2.55819 | % | 1000.00000000 | 2.13182121 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-5 | 1,080,000.00 | 2.55819 | % | 1000.00000000 | 2.13182407 | 0.00000000 | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||||||||||||||||
B-6 | 2,882,787.00 | 2.55819 | % | 1000.00000000 | 2.13181897 | 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 | ||||||||||
A | 1.16262967 | 0.00000000 | 876.44814647 | ||||||||||
X-1A | 0.69358608 | 0.00000000 | 910.82232898 | ||||||||||
X-1B | 0.74632651 | 0.00000000 | 963.35534121 | ||||||||||
X-B | 0.39015423 | 0.00000000 | 1000.00000000 | ||||||||||
A-R | 0.00000000 | 0.00000000 | 0.00000000 | ||||||||||
B-1 | 1.74166667 | 0.00000000 | 1000.00000000 | ||||||||||
B-2 | 2.13181992 | 0.00000000 | 1000.00000000 | ||||||||||
B-3 | 2.13181979 | 0.00000000 | 1000.00000000 | ||||||||||
B-4 | 2.13182121 | 0.00000000 | 1000.00000000 | ||||||||||
B-5 | 2.13182407 | 0.00000000 | 1000.00000000 | ||||||||||
B-6 | 2.13181897 | 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 | 10,040,854.33 | ||||
Liquidations, Insurance Proceeds, Reserve Funds | 0.00 | ||||
Proceeds from Repurchased Loans | 0.00 | ||||
Other Amounts (Servicer Advances) | 4,164.15 | ||||
Realized Losses | 0.00 | ||||
Prepayment Penalties | 0.00 | ||||
Total Deposits | 10,045,018.48 | ||||
Withdrawals | |||||
Reimbursement for Servicer Advances | 4,756.71 | ||||
Payment of Service Fee | 197,656.00 | ||||
Payment of Interest and Principal | 9,842,605.77 | ||||
Total Withdrawals (Pool Distribution Amount) | 10,045,018.48 | ||||
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 | 193,905.17 | |||
Master Servicing Fee | 3,750.83 | |||
Supported Prepayment/Curtailment Interest Shortfall | 0.00 | |||
Net Servicing Fee | 197,656.00 | |||
Beginning | Current | Current | Ending | |||||||||||||
Account Type | Balance | Withdrawals | Deposits | Balance | ||||||||||||
Class X-1 Basis Risk Reserve Fund | 5,000.00 | 0.00 | 0.00 | 5,000.00 | ||||||||||||
Class X-B Basis Risk Reserve Fund | 5,000.00 | 0.00 | 0.00 | 5,000.00 |
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 | 1 | 1,998,789.74 | 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 | 1,998,789.74 | 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 | 0.054855 | % | 0.315005 | % | 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 | % | ||||||||||||||||||
0.054855 | % | 0.315005 | % | 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 | 1,998,789.74 | |||||||||||||||
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 | 1,998,789.74 |
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 | 0.054855 | % | 0.315005 | % | |||||||||||
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 | % | 0.054855 | % | 0.315005 | % |
Current Period Class A Insufficient Funds: | 0.00 | Principal Balance of Contaminated Properties | 0.00 | Periodic Advance | 4,164.15 |
Subordinated Level/Credit Enhancement/Class Percentage and Prepayment Percentage
Original $ | Original % | Current $ | Current % | Current Class % | Prepayment % | ||||||||||||||||||||
Class A | 25,215,787.00 | 3.50012228 | % | 25,215,787.00 | 3.97392325 | % | 96.026077 | % | 0.000000 | % | |||||||||||||||
Class B-1 | 15,489,787.00 | 2.15008751 | % | 15,489,787.00 | 2.44113835 | % | 1.532785 | % | 38.571075 | % | |||||||||||||||
Class B-2 | 9,725,787.00 | 1.35000521 | % | 9,725,787.00 | 1.53275133 | % | 0.908387 | % | 22.858696 | % | |||||||||||||||
Class B-3 | 5,763,787.00 | 0.80005273 | % | 5,763,787.00 | 0.90835345 | % | 0.624398 | % | 15.712379 | % | |||||||||||||||
Class B-4 | 3,962,787.00 | 0.55006172 | % | 3,962,787.00 | 0.62452191 | % | 0.283832 | % | 7.142351 | % | |||||||||||||||
Class B-5 | 2,882,787.00 | 0.40015039 | % | 2,882,787.00 | 0.45431754 | % | 0.170204 | % | 4.283031 | % | |||||||||||||||
Class B-6 | 0.00 | 0.00000000 | % | 0.00 | 0.00000000 | % | 0.454318 | % | 11.432469 | % |
Please refer to the prospectus supplement for a full description of loss exposure
Original $ | Original % | Current $ | Current % | |||||||||||||||
Bankruptcy | 119,754.00 | 0.01662267 | % | 119,754.00 | 0.01887283 | % | ||||||||||||
Fraud | 21,612,777.00 | 3.00000005 | % | 12,860,062.83 | 2.02670267 | % | ||||||||||||
Special Hazard | 11,600,000.00 | 1.61015869 | % | 11,600,000.00 | 1.82812100 | % |
Limit of subordinate’s exposure to certain types of losses
Collateral Statement
Collateral Description | Mixed ARM | |||
Weighted Average Gross Coupon | 2.927059 | % | ||
Weighted Average Net Coupon | 2.565185 | % | ||
Weighted Average Pass-Through Rate | 2.558185 | % | ||
Weighted Average Maturity (Stepdown Calculation) | 314 | |||
Beginning Scheduled Collateral Loan Count | 1,843 | |||
Number of Loans Paid in Full | 20 | |||
Ending Scheduled Collateral Loan Count | 1,823 | |||
Beginning Scheduled Collateral Balance | 643,003,141.37 | |||
Ending Scheduled Collateral Balance | 634,531,302.91 | |||
Ending Actual Collateral Balance at 31-Oct-2003 | 634,526,071.98 | |||
Monthly P&I Constant | 1,568,423.39 | |||
Special Servicing Fee | 0.00 | |||
Prepayment Penalties | 0.00 | |||
Realization Loss Amount | 0.00 | |||
Cumulative Realized Loss | 0.00 | |||
Class A Optimal Amount | 9,280,110.25 | |||
Ending Scheduled Balance for Premium Loans | 634,531,302.91 | |||
Scheduled Principal | 0.00 | |||
Unscheduled Principal | 8,471,838.45 |
Miscellaneous Reporting
Pro Rata Senior Percentage | 96.078435 | % | ||
Senior Percentage | 100.000000 | % | ||
Senior Prepayment Percentage | 100.000000 | % | ||
Subordinate Percentage | 0.000000 | % | ||
Subordinate Prepayment Percentage | 0.000000 | % | ||
One Month LIBOR Loan Balance | 181,888,670.68 | |||
Six Month LIBOR Loan Balance | 452,642,632.23 |