| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-1 |
| Mortgage Pass-Through Certificates |
| |
| |
| October 27, 2003 Distribution |
| |
| |
| Contents |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | TABLE OF CONTENTS | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | Page | | | |
; | | | | | | | | | | | |
| | | 1. | Contents | | | | 1 | | | |
| | | 2. | Certificate Payment Report | | | | 2 | | | |
| | | 3. | Collection Account Report | | | | 4 | | | |
| | | 4. | Credit Enhancement Report | | | | 7 | | | |
| | | 5. | Collateral Report | | | | 8 | | | |
| | | 6. | Delinquency Report | | | | 11 | | | |
| | | 7. | REO Report | | | | 14 | | | |
| | | 8. | Foreclosure Report | | | | 15 | | | |
| | | 9. | Prepayment Report | | | | 16 | | | |
| | | 10. | Prepayment Detail Report | | | | 19 | | | |
| | | 11. | Realized Loss Report | | | | 21 | | | |
| | | 12. | Realized Loss Detail Report | | | | 24 | | | |
| | | 13. | Triggers, Adj. Rate Cert. and Miscellaneous Report | | | | 25 | | | |
| | | 14. | Additional Certificate Report | | | | 26 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Total Number of Pages | | | | 26 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | CONTACTS | | | | | | | | |
| | | | | | | | | | | |
| | | | Administrator: Eiko Akiyama | | | | | | | |
| | | | Direct Phone Number: (714)247-6328 | | | | | | | |
| | | | Address: Deutsche Bank | | | | | | | |
| | | | 1761 E. St. Andrew Place, Santa Ana, CA 92705 | | | | | | | |
| | | | | | | | | | | |
| | | | Web Site: https://www.corporatetrust.db.com/invr | | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ISSUANCE INFORMATION | | | | | | | | | | | |
| | | | | | | | | | | |
| Seller: | | Greenwich Capital Financial Produ cts, In | | | | | Cut-Off Date: April 1, 2003 | | | |
| Certificate Insurer(s): | | | | | | | Closing Date: April 29, 2003 | | | |
| | | | | | | | First Payment Date: May 27, 2003 | | | |
| Servicer(s): | | Litton Loan Servicing Master Servicer | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | Distribution Date: October 27, 2003 | | | |
| Underwriter(s): | | Greenwich Capital Markets | | | | | Record Date: October 24, 2003 | | | |
| | | | | | | | September 30, 2003 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | Page 1 of 26 | | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-1 |
| Mortgage Pass-Through Certificates |
| Series 2003-1 |
| Certificate Payment Report for October 27, 2003 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | ; | |
| Distribution in Dollars - Current Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | | | |
A-1 | FLT | 178,396,000.00 | 162,312,244.22 | 219,301.88 | 5,267,714.78 | 5,487,016.66 | - | - | 157,044,529.44 |
A-2 | FLT | 100,000,000.00 | 93,211,256.29 | 120,967.50 | 3,041,901.85 | 3,162,869.35 | - | - | 90,169,354.44 |
M-1 | MEZ | 22,340,000.00 | 22,340,000.00 | 39,119.82 | - | 39,119.82 | - | - | 22,340,000.00 |
M-2 | MEZ | 15,466,000.00 | 15,466,000.00 | 41,517.62 | - | 41,517.62 | - | - | 15,466,000.00 |
M-3 | MEZ | 5,155,000.00 | 5,155,000.00 | 21,908.75 | - | 21,908.75 | - | - | 5,155,000.00 |
M-4 | MEZ | 8,249,000.00 | 8,249,000.00 | 32,042.78 | - | 32,042.78 | - | - | 8,249,000.00 |
M-5 | MEZ | 6,358,000.00 | 6,358,000.00 | 26,392.76 | - | 26,392.76 | - | - | 6,358,000.00 |
C | SUB | 7,734,124.89 | 7,734,124.89 | 1,551,486.86 | - | 1,551,486.86 | - | - | 7,734,124.89 |
P | EXE | 100.00 | 100.00 | 208,735.37 | - | 208,735.37 | - | - | 100.00 |
R | R | - | - | 0.00 | - | 0.00 | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | &n bsp; | 343,698,224.89 | 320,825,725.40 | 2,261,473.34 | 8,309,616.63 | 10,571,089.97 | - | - | 312,516,108.77 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Accrual Detail | | | | Current Period Factor Information per $1,000 of Original Face | | | | | | |
| | | | | | Orig. Principal | Prior | | | | Current |
| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
Class | Starting | Ending | Method | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
A-1 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PAQ3 | 178,396,000.00 | 909.842397 | 1.229298 | 29.528211 | 30.757509 | 880.314186 |
A-2 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PAR1 | 100,000,000.00 | 932.112563 | 1.209675 | 30.419019 | 31.628694 | 901.693544 |
M-1 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PAS9 | 22,34 0,000.00 | 1,000.000000 | 1.751111 | - | 1.751111 | 1,000.000000 |
M-2 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PAT7 | 15,466,000.00 | 1,000.000000 | 2.684445 | - | 2.684445 | 1,000.000000 |
M-3 | | | F-30/360 | 35729PAU4 | 5,155,000.00 | 1,000.000000 | 4.250000 | - | 4.250000 | 1,000.000000 |
M-4 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PAV2 | 8,249,000.00 | 1,000.000000 | 3.884444 | - | 3.884444 | 1,000.000000 |
M-5 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PAW0 | 6,358,000.00 | 1,000.000000 | 4.151110 | - | 4.151110 | 1,000.000000 |
C | | | F-30/360 | | 351,432,349.78 | 934.916352 | 4.414753 | - | 4.414753 | 911.271355 |
P | | | - | | 100.00 | 1,000.000000 | 2,087,353.700000 | - | 2,087,353.700000 | 1,000.000000 |
R | | | - | | - | - | - | - | - | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 2 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-1 |
&nbs p; | Mortgage Pass-Through Certificates |
| Series 2003-1 |
| Certificate Payment Report for October 27, 2003 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - to Date | | ; | | | | | | | | |
| | | | | | | | | | Current |
| Original | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal |
Class | Face Value | Interest | Principal | Principal | Principal | Distribution | Losses | Interest | Balance |
| (1) | (2) | (3) | (4) | (5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) |
| | | | | | &nbs p; | | |
A-1 | 178,396,000.00 | 1,352,332.83 | 20,372,916.54 | 978,554.02 | 21,351,470.56 | 22,703,803.39 | - | - | 157,044,529.44 |
A-2 | 100,000,000.00 | 731,931.06 | 9,235,096.08 | 595,549.48 | 9,830,645.56 | 10,562,576.62 | - | - | 90,169,354.44 |
M-1 | 22,340,000.00 | 226,148.24 | - | - | - | 226,148.24 | - | - | 22,340,000.00 |
M-2 | 15,466,000.00 | 238,210.20 | - | - | - | 238,210.20 | - | - | 15,466,000.00 |
M-3 | 5,155,000.00 | 131,452.50 | - | - | - | 131,452.50 | - | - | 5,155, 000.00 |
M-4 | 8,249,000.00 | 183,042.71 | - | - | - | 183,042.71 | - | - | 8,249,000.00 |
M-5 | 6,358,000.00 | 150,672.00 | - | - | - | 150,672.00 | - | - | 6,358,000.00 |
C | 7,734,124.89 | 9,881,767.71 | - | - | - | 9,881,767.71 | - | - | 7,734,124.89 |
P | 100.00 | 799,902.58 | - | - | - | 799,902.58 | - | - | 100.00 |
R | - | 0.01 | - | - | - | 0.01 | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 343,698,224.89 | 13,695,459.83 | 29,608,012.62 | 1,574,103.50 | 31,182,116.12 | 44,877,575.95 | - | - | 312,516,108.77 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| Pass- | Prior Principal | | Non- | Prior | Unscheduled | | Paid or | Current |
| Through | (with Notional) | Accrued | Supported | Unpaid | Interest | Optimal | Deferred | Unpaid |
Class | Rate | Balance | Interest | Interest SF | Interest | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
A-1 | 1.52000% | 162,312,244.22 | 219,301.88 | - | - | - | 219,301.88 | 219,301.88 | - |
A-2 | 1.46000% | 93,211,256.29 | 120,967.50 | - | - | - | 120,967.50 | 120,967.50 | - |
M-1 | 1.97000% | 22,340,000.00 | 39,119.82 | - | - | - | 39,119.82 | 39,119.82 | - |
M-2 | 3.02000% | 15,466,000.00 | 41,517.62 | - | - | - | 41,517.62 | 41,517.62 | - |
M-3 | 5.10000% | 5,155,000.00 | 21,908.75 | - | - | - | 21,908.75 | 21,908.75 | - |
M-4 | 4.37000% | 8,249,000.00 | 32,042.78 | - | - | - | 32,042.78 | 32,042.78 | - |
M-5 | 4.67000% | 6,358,000.00 | 26,392.76 | - | - | - | 26,392.76 | 26,392.76 | - |
C | 5.81721% | 328,559,850.29 | 1,551,486.86 | - | 0.00 | - | 1,551,486.86 | 1,551,486.86 | 0.00 |
P | | 100.00 | 208,735.37 | - | - | - | 208,735.37 | 208,735.37 | - |
R | | - | 0.00 | - | - | - | 0.00 | 0.00 | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 641,651,450.80 | 2,261,473.34 | - | 0.00 | - | 2,261,473.34 | 2,261,473.34 | 0.00 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 3 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collection Account Report for October 27, 2003 Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 3,041,901.85 | 5,267,714.78 | 8,309,616.63 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| TOTAL NET PRINCIPAL | | | | | 3,041,901.85 | 5,267,714.78 | 8,309,616.63 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 865,655.86 | 1,509,092.65 | 2,374,748.51 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | &n bsp; | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Fees | | | | | (42,957.35) | (70,317.83) | (113,275.17) | | | |
| TOTAL NET INTEREST | | | | & nbsp; | 822,698.51 | 1,438,774.82 | 2,261,473.34 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | 3,864,600.36 | 6,706,489.60 | 10,571,089.97 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | 96,758.66 | 156,386.73 | 253,145.39 | | | |
| Curtailments | | | | | 2,961.39 | (4,112.48) | (1,151.09) | | | |
| Prepayments in Full | | | | | 2,942,181.80 | 5,115,440.53 | 8,057,622.33 | | | |
| Repurchases/Substitutions Shortfalls | | | | | 0.00 | 0.00 | 0.00 | | | |
| Liquidations | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Additional Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Delinquent Principal | | | | | (11,534.65) | (26,619.06) | (38,153.71) | | | |
| Advanced Principal | | | | | 11,534.65 | 26,619.06 | 38,153.71 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 3,041,901.85 | 5,267,714.78 | 8,309,616.63 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 4 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collection Account Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | &n bsp; |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | 779,892.54 | 1,411,885.17 | 2,191,777.71 | | | |
| Repurchases/Substitutions | | | | | 0.00 | 0.00 | 0.00 | | | |
| Liquidations | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Additional Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Month End Interest (PPIS) | | | | | (12,464.66) | (15,526.44) | (27,991.10) | | | |
| Delinquent Interest | | | | | (104,062.26) | (271,857.79) | (375,920.05) | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 12,464.66 | 15,526.44 | 27,991.10 | | | |
| Other Interest Shortfall (Relief Act) | | | | | (178.11) | (3,592.58) | (3,770.69) | | | |
| Interest Advanced | | | | | 97,813.81 | 256,112.36 | 353,926.17 | | | |
| Prepayment Penalties | | | | | 92,189.88 | 116,545.49 | 208,735.37 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | &nb sp; | 865,655.86 | 1,509,092.65 | 2,374,748.51 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 5 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collection Account Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| &nb sp; | | | | | | | | | | |
INTEREST - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL OTHER ACCOUNT INTEREST | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - FEES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 42,228.17 | 69,041.84 | 111,270.01 | | | |
| Trustee Fee | | | | | 729.18 | 1,275.99 | 2,005.16 | | | |
| PMI Insuranse Premium Fees | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER FEES | | | | | 42,957.35 | 70,317.83 | 113,275.17 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 6 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Credit Enhancement Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Credit Enhancement Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Net WAC Rate Carryover Reserve Fund Beginning Balance | | | | | | | 1,000.00 | | | |
| Amount paid to maintain $1,000 balance | | | | | | | 0.00 | | | |
| Net WAC Rate Carryover Amount | | | | | | | 0.00 | | | |
| Net WAC Rate Carryover Reserve Fund Ending Balance | | | | | | | 1,000.00 | | | |
| | | | | | | | | | | |
&n bsp; | Int Earnings paid to Class C | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INSURANCE | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
STRUCTURAL FEATURES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Overcollateralization Target Amount | | | | | | | 7,734,124.89 | | | |
| Overcollateralized Amount | | | | | | | 7,734,124.89 | | | |
| Excess Overcollateralized Amount | | | | | | | 0.00 | | | |
| Overcollateralization Release Amount | | | | | 0.00 | 0.00 | 0.00 | | | |
| Overcollateralization Deficiency Amount | | | | | | | 0.00 | | | |
| Extra Principal Distribution Amt | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 7 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collateral Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 694 | 1802 | 2496 | | | |
| Prior | | | | | 662 | 1,689 | 2,351 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (19) | (40) | (59) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 643 | 1,649 | 2,292 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 123,456,814.73 | 220,241,410.16 | 343,698,224.89 | | | |
| Prior | | | | | 116,668,071.02 | 204,157,654.38 | 320,825,725.40 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (96,758.66) | (156,386.73) | (253,145.39) | | | |
| Partial and Full Voluntary Prepayments | | | | | (2,945,143.19) | (5,111,328.05) | (8,056,471.24) | ; | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 113,626,169.17 | 198,889,939.60 | 312,516,108.77 | | | |
| | | | | | | | | | | |
PREFUNDING | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
Current Prin Balance by Groups (in millions of dollars) | Total Current Principal Balance (in mill ions of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | &n bsp; |
| | | | Page 8 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collateral Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 8.072123% | 8.343189% | 8.245822% | | | |
| Weighted Average Coupon Prior | | | | | 8.057707% | 8.293953% | 8.208555% | | | |
| Weighted Average Coupon Current | | | | | 8.021655% | 8.298793% | 8.198012% | | | |
| Weighted Average Months to Maturity Original | | | | | 343 | 346 | 345 | | | |
| Weighted Average Months to Maturity Prior | | | | | 339 | 342 | 341 | | | |
| Weighted Average Months to Maturity Current | | | | | 338 | 341 | 340 | | | |
&n bsp; | Weighted Avg Remaining Amortization Term Original | | | | | 343 | 346 | 345 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | 339 | 342 | 341 | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | 338 | 341 | 340 | | | |
| Weighted Average Seasoning Original | | | | | 5.69 | 5.50 | 5.57 | | | |
| Weighted Average Seasoning Prior | | | | | 9.70 | 9.49 | 9.57 | | | |
| Weighted Average Seasoning Current | | | | | 10.70 | 10.49 | 10.57 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
WAC by Groups | Total WAC | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
WARAT by Groups | Total WARAT | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 9 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collateral Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 5.429% | 5.591% | | | | |
| Weighted Average Margin Prior | | | | | 5.417% | 5.571% | | | | |
| Weighted Average Margin Current | | | | | 5.424% | 5.571% | | | | |
| Weighted Average Max Rate Original | | | | | 11.438% | 8.343% | | | | |
| Weighted Average Max Rate Prior | | | | | 11.399% | 12.076% | | | | |
| Weighted Average Max Rate Current | | | | | 11.410% | 12.075% | | | | |
| Weighted Average Min Rate Original | | | | | 6.001% | 8.343% | | | | |
| Weighted Average Min Rate Prior | | | | | 5.974% | 6.496% | | | | |
| Weighted Average Min Rate Current | | | | | 5.978% | 6.495% | | | | |
| Weighted Average Cap Up Original | | | | | 1.165% | 1.200% | | | | |
| Weighted Average Cap Up Prior | | | | | 1.163% | 1.196% | | | | |
| Weighted Average Cap Up Current | | | | | 1.16 4% | 1.196% | | | | |
| Weighted Average Cap Down Original | | | | | 1.165% | 1.200% | | | | |
| Weighted Average Cap Down Prior | | | | | 1.163% | 1.196% | | | | |
| Weighted Average Cap Down Current | | | | | 1.164% | 1.196% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 42,228.17 | 69,041.84 | 111,270.01 | | | |
| Delinquen t Servicing Fees | | | | | 6,248.45 | 15,745.43 | 21,993.88 | | | |
| TOTAL SERVICING FEES | | | | | 48,476.62 | 84,787.27 | 133,263.89 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 48,476.62 | 84,787.27 | 133,263.89 | | | |
| Compensating Month End Interest | | | | | 12,464.66 | 15,526.44 | 27,991.10 | | | |
| Delinquent Servicing Fees | | | | | (6,248.45) | (15,745.43) | (21,993.88) | | | |
| | | | | | | | | | | |
| COLLECTED SERVICING FEES | | | | | 54,692.83 | 84,568.28 | 139,261.11 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 12,464.66 | 15,526.44 | 27,991.10 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | 97,813.81 | 256,112.36 | 353,926.17 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | & nbsp; |
| | | |
| Next One-Month LIBOR | | | | | | | 1.120000% | | | |
| Current One-Month LIBOR | | | | | | | 1.120000% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Delinquency Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 9,775,493.18 | 4,240,001.33 | 2,023,724.99 | 16,039,219.50 | | | |
| | % Balance | | | 3.13% | 1.36% | 0.65% | 5.13% | | | |
| | # Loans | | | 69 | 28 | 29 | 126 | | | |
| | % # Loans | | | 3.01% | 1.22% | 1.27% | 5.50% | | | |
FORECLOSURE | | Balance | | - | - | - | 5,383,988.00 | 5,383,988.00 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.72% | 1.72% | | | |
| | # Loans | | - | - | - | 29 | 29 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.27% | 1.27% | | | |
BANKRUPTCY | | Balance | | - | 23,454.42 | - | 195,671.86 | 219,126.28 | | | |
| | % Balance | | 0.00% | 0.01% | 0.00% | 0.06% | 0.07% | | | |
| | # Loans | | - | 1 | - | 3 | 4 | | | |
| | % # Loans | | 0.00% | 0 .04% | 0.00% | 0.13% | 0.17% | | | |
REO | | Balance | | - | - | - | 80,434.86 | 80,434.86 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.03% | 0.03% | | | |
| | # Loans | | - | - | - | 1 | 1 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 9,798,947.60 | 4,240,001.33 | 7,683,819.71 | 21,722,768.64 | | | |
| | % Balance | | 0.00% | 3.14% | 1.36% | 2.46% | 6.95% | | | |
| | # Loans | | - | 70 | 28 | 62 | 160 | | | |
| | % # Loans | | 0.00% | 3.05% | 1.22% | 2.71% | 6.98% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | | | | | | | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
; | | | | Page 11 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremon t Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Delinquency Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 7,544,536.28 | 2,689,612.58 | 1,585, 720.14 | 11,819,869.00 | | | |
| | % Balance | | | 3.79% | 1.35% | 0.80% | 5.94% | | | |
| | # Loans | | | 57 | 22 | 20 | 99 | | | |
| | % # Loans | | | 3.46% | 1.33% | 1.21% | 6.00% | | | |
FORECLOSURE | | Balance | | - | - | - | 2,851,683.57 | 2,851,683.57 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.43% | 1.43% | | | |
| | # Loans | | - | - | - | 19 | 19 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.15% | 1.15% | | | |
BANKRUPTCY | | Balance | | - | 23,454.42 | - | 131,245.49 | 154,699.91 | | | |
| | % Balance | | 0.00% | 0.01% | 0.00% | 0.07% | 0.08% | | | |
| | # Loans | | - | 1 | - | 2 | 3 | | | |
| | % # Loans | | 0.00% | 0.06% | 0.00% | 0.12% | 0.18% | | | |
REO | | Balance | | - | - | - | 80,434.86 | 80,434.86 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | | | |
| | # Loans | | - | - | - | 1 | 1 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.06% | 0.06% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 7,567,990.70 | 2,689,612.58 | 4,649,084.06 | 14,906,687.34 | | | |
| | % Balance | | 0.00% | 3.81% | 1.35% | 2.34% | 7.49% | | | |
| | # Loans | | - | 58 | 22 | 42 | 122 | | | |
&n bsp; | | % # Loans | | 0.00% | 3.52% | 1.33% | 2.55% | 7.40% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | | | | | | | | | |
| | &nbs p; | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 12 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
&nbs p; | Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Delinquency Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 2,230,956.90 | 1,550,388.75 | 438,004.85 | 4,219,350.50 | | | |
| | % Balance | | | 1.96% | 1.36% | 0.39% | 3.71% | | | |
| | # Loans | | | 12 | 6 | 9 | 27 | | | |
| | % # Loans | | | 1.87% | 0.93% | 1.40% | 4.20% | | | |
FORECLOSURE | | Balance | | - | - | - | 2,532,304.43 | 2,532,304.43 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 2.23% | 2.23% | | | |
| | # Loans | | - | - | - | 10 | 10 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.56% | 1.56% | | | |
BANKRUPTCY | | Balance | | - | - | - | 64,426.37 | 64,426.37 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.06% | 0.06% | | | |
| | # Loans | | - | - | - | 1 | 1 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.16% | 0.16% | | | |
REO | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 2,230,956.90 | 1,550,388.75 | 3,034,735.65 | 6,816,081.30 | | | |
| | % Balance | | 0.00% | 1.96% | 1.36% | 2.67% | 6.00% | | | |
| | # Loans | | - | 12 | 6 | 20 | 38 | | | |
| | % # Loans | | 0.00% | 1.87% | 0.93% | 3.11% | 5.91% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 13 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| REO Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| REO Report - Mortgage Loans that Become REO During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 1 | Loan Group 1 = Conform. Group; REO Book Value = Not Available | | | |
Total Original Principal Balance = 81,000.00 | Loan Group 2 = Non Conform. Group; REO Book Value = Not Available | | | | | | | |
Total Current Balance = 80,434.86 | | | | | | | | |
REO Book Value = Not Available | | | | | | | | |
| | | | | | | | | | | |
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution. | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
| | | |
1000089386 1 | 81,000.00 | 80,434.86 | Apr-01-03 | 8.450% | Mi - 90.00% | 360 | Oct-29-02 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 26 | | | &nbs p; | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Foreclosure Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Foreclosure Report - Mortgage Loans that Become Foreclosure During Curre nt Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 12 | | | | Loan Group 1 = Conform. Group | | | | | | | |
Total Original Principal Balance = 2,807,360.00 | | | | Loan Group 2 = Non Conform. Group | | | | | | | |
Total Current Balance = 2,791,073.52 | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
| | | |
1000000461 1 | 65,610.00 | 65,133.41 | Jun-01-03 | 8.250% | Oh - 90.00% | 360 | Oct-02-02 | | | |
1000088240 1 | 108,750.00 | 107,918.30 | Jun-01-03 | 7.990% | Ar - 75.00% | 360 | Oct-09-02 | | | |
1000090850 1 | 220,500.00 | 219,251.51 | Jun-01-03 | 8.990% | Ca - 70.00% | 360 | Nov-14-02 | | | |
1000091529 1 | 116,000.00 | 115,157.06 | Jun-01-03 | 7.750% | Ca - 80.00% | 360 | Nov-04-02 | | | |
5000049036 1 | 262,500.00 | 260,759.15 | May-01-03 | 8.700% | Ne - 70.00% | 360 | Oct-07-02 | | | |
5000051005 1 | 103,500.00 | 103,002.52 | Apr-01-03 | 9.790% | Wi - 75.00% | 360 | Nov-06-02 | | | |
6000042420 1 | 199,500.00 | 198,554.31 | May-01-03 | 9.850% | Fl - 75.00% | 360 | Nov-15-02 | | | |
6000043167 1 | 280,000.00 | 278,913.92 | Jun-01-03 | 10.800% | Ne - 70.00% | 360 | Nov-19-02 | | | |
1000088167 2 | 345,000.00 | 342,758.05 | Apr-01-03 | 8.800% | Ut - 75.00% | 360 | Oct-08-02 | | | |
5000050885 2 | 356,000.00 | 353,984.29 | Jun-01-03 | 8.990% | Ne - 83.76% | 360 | Nov-16-02 | | | |
7000058016 2 | 400,000.00 | 398,158.66 | Jun-01-03 | 9.990% | Co - 78.44% | 360 | Nov-08-02 | | | |
7000060013 2 | 350,000.00 | 347,482.34 | Jun-01-03 | 8.200% | Ma - 59.83% | 360 | Nov-21-02 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 15 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | ; |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Pre payment Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | &nbs p; | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 19 | 40 | 59 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 19 | 40 | 59 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 2,942,181.80 | 5,115,440.53 | 8,057,622.33 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 2,961.39 | (4,112.48) | (1,151.09) | | | |
| Total Prepayment Amount | | | | | 2,945,143.19 | 5,111,328.05 | 8,056,471.24 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 51 | 153 | 204 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 51 | 153 | 204 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 9,228,012.14 | 20,361,409.10 | 29,589,421.24 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 7,083.94 | 11,507.44 | 18,591.38 | | | |
| Total Prepayment Amount | | | | | 9,235,096.08 | 20,372,916.54 | 29,608,012.62 | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Prepayments by Groups (in thousands of dollars) | Total Prepayments (in thousands of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 16 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Prepayment Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | 2.53% | 2.51% | 2.51% | | | |
| 3 Months Avg SMM | | | | | 1.60% | 2.27% | 2.03% | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 1.29% | 1.61% | 1.50% | | | |
| | | | | | | | | | | |
| CPR | | | | | 26.44% | 26.25% | 26.32% | | | |
| 3 Months Avg CPR | | | | | 17.55% | 24.10% | 21.80% | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 14.45% | 17.70% | 16.54% | | | |
| | | | | | | | | | | |
| PSA | | | | | 1236.03% | 1250.80% | 1245.37% | | | |
| 3 Months Avg PSA Approximation | | | | | 905.15% | 1269.69% | 1139.42% | | | |
| 1 2 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 881.60% | 1106.62% | 1024.95% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CPR by Groups | Total CPR | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA by Groups | Total PSA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 17 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Prepayment Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | |
CPR Avg since Cut-Off by Groups | Tota l CPR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA Avg since Cut-Off by Groups | Total PSA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PREPAYMENT CALCULATION METHODOLOGY | | | |
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) | | | |
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) | | | |
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) | | | |
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m) | | | |
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12) | | | |
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) | | | |
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m) | | | |
Weighted Average Seasoning (WAS) | | | |
| | | |
Note: Prepayment rates are calculated since deal issue date and include partial and f ull voluntary prepayments and repurchases. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 18 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-1 | | |
| Mortgage Pass-Through Certificates | | |
| | | |
| Prepayment Detail Report for October 27, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 59 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 8,124,789.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 8,057,622.33 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | | | Current | State & | Type Prepayment | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | & | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origina tion | Original Term | Date | | |
| | |
1000076890 1 | | 44,600.00 | 44,040.85 | Sep-24-03 | 13.990% | Ca - 100.00% | Paid Off - 240 | May-24-02 | | |
1000078469 1 | | 8,800.00 | 8,559.08 | Sep-16-03 | 12.990% | Ca - 95.00% | Paid Off - 180 | Jun-20-02 | | |
1000082644 1 | | 22,980.00 | 22,421.89 | Sep-23-03 | 12.490% | Ca - 100.00% | Paid Off - 180 | Aug-06-02 | | |
1000084147 1 | | 127,500.00 | 126,555.57 | Sep-11-03 | 8.150% | Ma - 85.00% | Paid Off - 360 | Sep-25-02 | | |
1000086074 1 | | 140,000.00 | 138,500.07 | Sep-24-03 | 6.250% | Ar - 82.84% | Paid Off - 360 | Sep-20-02 | | |
1000086335 1 | | 10,550.00 | 9,453.86 | Sep-19-03 | 0.000% | Ca - 95.00% | Paid Off - 60 | Oct-23-02 | | |
1000088065 1 | | 36,400.00 | 36,053.57 | Sep-17-03 | 12.800% | Ca - 100.00% | Paid Off - 240 | Oct-03-02 | | |
1000088940 1 | | 41,000.00 | 40,604.50 | Sep-10-03 | 12.700% | Ca - 100.00% | Paid Off - 240 | Oct-10-02 | | |
1000090259 1 | | 57,000.00 | 56,803.99 | Sep-18-03 | 10.850% | Ne - 32.57% | Paid Off - 360 | Nov-15-02 | | |
1000090287 1 | | 206,500.00 | 205,126.96 | Sep-22-03 | 7.650% | Ca - 78.22% | Paid Off - 360 | Nov-14-02 | | |
1000090478 1 | | 28,800.00 | 28,514.78 | Sep-29-03 | 12.500% | Ca - 100.00% | Paid Off - 240 | Oct-25-02 | | |
1000090577 1 | | 180,000.00 | 179,033.77 | Sep-30-03 | 9.250% | Ca - 80.00% | Paid Off - 360 | Oct-25-02 | | |
1000090673 1 | | 232,000.00 | 230,070.98 | Sep-16-03 | 6.500% | Ca - 80.00% | Paid Off - 360 | Oct-31-02 | | |
1000090697 1 | | 226,953.00 | 225,239.06 | Sep-22-03 | 7.000% | Ca - 80.00% | Paid Off - 360 | Nov-04-02 | | |
1000090887 1 | | 57,000.00 | 56,416.54 | Sep-22-03 | 12.250% | Ca - 100.00% | Paid Off - 240 | Oct-25-02 | | |
1000090982 1 | | 427,500.00 | 422,681.48 | Sep-30-03 | 7.200% | Ca - 90.00% | Paid Off - 360 | Nov-20-02 | | |
1000091117 1 | | 212,000.00 | 210,237.25 | Sep-09-03 | 6.500% | Ca - 80.00% | Paid Off - 360 | Nov-11-02 | | |
1000091147 1 | | 402,500.00 | 400,354.01 | Sep-05-03 | 8.750% | Ma - 70.00% | Paid Off - 360 | Nov-27-02 | | |
1000091810 1 | | 256,000.00 | 254,062.96 | Sep-29-03 | 6.990% | Ar - 80.00% | Paid Off - 360 | Nov-13-02 | | |
1000092061 1 | | 140,000.00 | 139,174.03 | Sep-26-03 | 8.250% | Ca - 78.65% | Paid Off - 360 | Nov-13-02 | | |
1000092692 1 | | 218,000.00 | 216,506.96 | Sep-16-03 | 7.500% | Ca - 82.26% | Paid Off - 360 | Nov-22-02 | &n bsp; | |
1000093107 1 | | 190,500.00 | 189,611.22 | Sep-24-03 | 9.400% | Ca - 75.00% | Paid Off - 360 | Nov-20-02 | | |
1000093149 1 | | 33,600.00 | 33,313.68 | Sep-10-03 | 12.800% | Ca - 100.00% | Paid Off - 240 | Nov-19-02 | | |
1000093558 1 | | 263,206.00 | 260,910.89 | Sep-05-03 | 6.250% | Ca - 78.80% | Paid Off - 360 | Nov-19-02 | | |
5000046970 1 | | 45,800.00 | 45,365.40 | Sep-26-03 | 14.990% | Io - 100.00% | Paid Off - 240 | Aug-29-02 | | |
5000049945 1 | | 55,200.00 | 54,935.53 | Sep-04-03 | 9.800% | Mi - 80.00% | Paid Off - 360 | Oct-24-02 | | |
6000000280 1 | | 23,400.00 | 22,963.20 | Sep-17-03 | 13.250% | No - 100.00% | Paid Off - 180 | Nov-04-02 | | |
6000034742 1 | | 22,000.00 | 21,418.06 | Sep-03-03 | 12.490% | Rh - 100.00% | Paid Off - 180 | Jul-11-02 | | |
6000039355 1 | | 52,700.00 | 52,267.80 | Sep-08-03 | 8.550% | Fl - 85.00% | Paid Off - 360 | Sep-27-02 | | |
6000040912 1 | | 88,000.00 | 87,438.34 | Sep-03-03 | 8.400% | Fl - 80.00% | Paid Off - 360 | Oct-08-02 | | |
6000042537 1 | | 105,600.00 | 105,050.77 | Sep-22-03 | 8.950% | Fl - 80.00% | Paid Off - 360 | Oct-28-02 | | |
6000042598 1 | | 82,800.00 | 82,358.52 | Sep-05-03 | 8.750% | Fl - 80.00% | Paid Off - 360 | Nov-14-02 | | |
6000042791 1 | | 90,000.00 | 89,633.28 | Sep-26-03 | 10.050% | No - 60.00% | Paid Off - 360 | Oct-31-02 | | |
6000043679 1 | | 134,000.00 | 130,766.56 | Sep-16-03 | 9.300% | Fl - 60.91% | Paid Off - 180 | Nov-06-02 | | |
6000043904 1 | | 200,000.00 | 198,984.66 | Sep-22-03 | 8.990% | Ma - 100.00% | Paid Off - 360 | Nov-18-02 | | |
6000043934 1 | | 150,000.00 | 149,450.21 | Sep-15-03 | 10.550% | Ne - 20 .00% | Paid Off - 360 | Nov-22-02 | | |
7000056868 1 | | 169,000.00 | 168,133.42 | Sep-04-03 | 9.950% | Pe - 71.61% | Paid Off - 360 | Sep-30-02 | | |
7000059897 1 | | 147,600.00 | 146,248.27 | Sep-12-03 | 5.990% | Ca - 90.00% | Paid Off - 360 | Nov-01-02 | | |
7000060660 1 | | 24,800.00 | 23,747.38 | Sep-22-03 | 11.250% | Ca - 100.00% | Paid Off - 120 | Nov-14-02 | | |
7000061114 1 | | 203,575.00 | 202,431.18 | Sep-30-03 | 8.500% | Ne - 85.00% | Paid Off - 360 | Nov-22-02 | | |
1000078115 2 | & nbsp; | 161,500.00 | 160,079.59 | Sep-17-03 | 8.550% | Ca - 85.00% | Paid Off - 360 | Jun-12-02 | | |
1000084999 2 | | 4,050.00 | 3,469.78 | Sep-29-03 | 11.500% | Ca - 95.00% | Paid Off - 60 | Sep-06-02 | | |
1000085451 2 | | 46,000.00 | 45,527.85 | Sep-23-03 | 12.990% | Ca - 100.00% | Paid Off - 240 | Sep-05-02 | | |
1000085684 2 | | 362,250.00 | 359,485.30 | Sep-23-03 | 8.000% | Ca - 75.00% | Paid Off - 360 | Sep-11-02 | | |
| | | | | | | | | | | |
| | | | | Page 19 of 26 | | | | © COPYRIGHT 2003 Deutsch e Bank | | |
| Fremont Home Loan Trust 2003-1 | | |
| Mortgage Pass-Through Certificates | | |
| | | |
| Prepayment Detail Report for October 27, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | | | Current | State & | | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | Original | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Term | Date | | |
| | |
1000088832 2 | | 340,000.00 | 337,035.30 | Sep-12-03 | 6.250% | Ca - 80.00% | Paid Off - 360 | Nov-11-02 | | |
1000091089 2 | | 185,250.00 | 184,209.59 | Sep-11-03 | 8.500% | Ca - 65.00% | Paid Off - 360 | Nov-01-02 | | |
1000091638 2 | | 331,500.00 | 328,891.86 | Sep-08-03 | 7.500% | Ca - 85.00% | Paid Off - 360 | Nov-08-02 | | |
1000091769 2 | | 14,615.00 | 14,013.14 | Sep-16-03 | 11.800% | Ca - 94.99% | Paid Off - 120 | Nov-19-02 | | |
1000093032 2 | | 134,400.00 | 133,630.72 | Sep-10-03 | 8.400% | Ca - 80.00% | Paid Off - 360 | Nov-19-02 | | |
500004730 8 2 | | 27,600.00 | 27,326.29 | Sep-22-03 | 13.250% | Mi - 100.00% | Paid Off - 240 | Sep-27-02 | | |
6000036732 2 | | 11,760.00 | 11,136.32 | Sep-09-03 | 12.740% | Ne - 87.49% | Paid Off - 120 | Sep-03-02 | | |
6000036970 2 | | 75,400.00 | 74,464.34 | Sep-16-03 | 12.250% | Il - 100.00% | Paid Off - 240 | Aug-29-02 | | |
6000039798 2 | | 280,000.00 | 277,809.36 | Sep-19-03 | 7.875% | Ne - 80.00% | Paid Off - 360 | Sep-24-02 | | |
6000044343 2 | | 352,500.00 | 350,732.36 | Sep-02-03 | 9.050% | Fl - 75.00% | Paid Off - 360 | Nov-22-02 | | |
7000055356 2 | | 8,300.00 | 7,839.59 | Sep-30-03 | 12.250% | Ca - 95.00% | Paid Off - 120 | Aug-22-02 | | |
7000056290 2 | | 35,500.00 | 35,123.79 | Sep-15-03 | 12.750% | Ma - 94.98% | Paid Off - 240 | Sep-11-02 | &nbs p; | |
7000057807 2 | | 328,000.00 | 325,400.36 | Sep-11-03 | 6.750% | Ca - 80.00% | Paid Off - 360 | Oct-28-02 | | |
7000057845 2 | | 186,300.00 | 184,835.37 | Sep-02-03 | 7.350% | Ca - 90.00% | Paid Off - 360 | Oct-03-02 | | |
7000059692 2 | | 82,000.00 | 81,170.89 | Sep-11-03 | 11.500% | Ca - 100.00% | Paid Off - 240 | Oct-28-02 | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | | Page 20 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Realized Loss Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | &n bsp; | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | &nbs p; | |
| Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods. | | | | | | | | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | 3 Months Moving Average | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
Collateral Loss Severity Approximation by Groups | Collateral Loss Severity Approximation | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
&nbs p; | | | | Page 21 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremo nt Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Realized Loss Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
DEFAULT SPEEDS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| MDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg MDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg MDR | | | | | | | | | | |
| Avg MDR Since Cut-o ff | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg CDR | | | | | | | &nbs p; | | | |
| Avg CDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| SDA | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg SDA Approxi mation | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg SDA Approximation | | | | | | | | | | |
| Avg SDA Since Cut-off Approximation | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| Loss Severity Approximation for Current Period | | | |
| 3 Months Avg Loss Severity Approximation | | | |
| 12 Months Avg Loss Severity Approximation | | | |
| Avg Loss Severity Approximation Since Cut-off | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
CDR by Groups | Total CDR | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SDA by Groups | Total SDA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 22 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Realized Loss Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| Conform. | | | & nbsp; | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
CDR Avg since Cut-Off by Groups | Total CDR Avg since Cut-Off | | | |
| | | ; | | | | | | | | |
| | | | | | | | | | | |
SDA Avg since Cut-Off by Groups | Total SDA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | ; | | | | | | | | | |
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY | | | |
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | | | |
Conditional Default Rate (CDR): 1-((1-MDR)^12) | | | |
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) | | | |
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m) | | | |
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12) | | | |
Average SDA Approximation over period between the nth month and mth month: | | | |
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) | | | |
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m) | | &nb sp; | |
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans) | | | |
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) | | | |
Note: Default rates are calculate d since deal issue date and include realized gains and additional realized losses and gains from prior periods. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 23 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-1 | | |
| Mortgage Pass-Through Certificates | | |
| | | |
| Realized Loss Detail Report for October 27, 2003 Distribution | | |
| | | |
| | | |
| Realized Loss Detail Report - Loans Liquidated During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 0 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 0.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prior Principal Balance = 0.00 | | | | |
Total Realized Loss Amount = 0.00 | | | | |
Total Net Liquidation Proceeds = 0.00 | | | | | | | |
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods. | | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | Prior | | Current | State & | | | | |
& | Loan | Principal | Principal | Realized | Note | LTV at | Original | Origination | | |
Loan Group | Status | Balance | Balance | Loss/(Gain) | Rate | Origination | Term | Date | | |
SPACE INTENTIONALLY LEFT BLANK | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | | Page 24 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
TRIGGER EVENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | | | | | | | 3.723914% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 17.943698% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 18.420810% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL INFORMATION | | | | | | NO N CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | &n bsp; | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 25 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Additional Certificate Report for October 27, 2003 Distribution | | | &nb sp; |
| | | | |
| | | | |
| Additional Certifi cate Report | | | |
| | | | | | | | | | | |
| | | |
| CLASS | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| M-1 | | | | | 0.00 | 0.00 | 0.00 | | | |
| M-2 | | | | | 0.00 | 0.00 | 0.00 | | | |
| M-3 | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| C | | | | | | 0.00 | 0.00 | | | |
| P | | | | | | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 26 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |