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| Fremont Home Loan Trust 2003-1 |
| Mortgage Pass-Through Certificates |
| |
| |
| November 25, 2003 Distribution |
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| |
| Contents |
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| | | TABLE OF CONTENTS | | | | | | | | |
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&nbs p; | | | | | | | | | | | |
| | | 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 | | | |
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| | | | Total Number of Pages | | | | 26 | | | |
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| | | CONTACTS | | | | | | | | |
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| | | | Administrator: Eiko Akiyama | | | | | | | |
| | | | Direct Phone Number: (714)247-6328 | | | | | | | |
| | | | Address: Deutsche Bank | | | | | | | |
| | | | 1761 E. St. Andrew Place, Santa Ana, CA 92705 | | | | | | | |
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| | | | Web Site: https://www.corporatetrust.db.com/invr | | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
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ISSUANCE INFORMATION | | | | | | | | | | | |
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| Seller: | | Greenwich Capital Financial Prod ucts, 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 | | | | | | | | |
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| | | | | | | | Distribution Date: November 25, 2003 | ; | | |
| Underwriter(s): | | Greenwich Capital Markets | | | | | Record Date: November 24, 2003 | | | |
| | | | | | | | October 31, 2003 | | | |
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| | | | | | 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 November 25, 2003 Distribution |
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| | | | | | | | | | &nb sp; | |
| 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 | 157,044,529.44 | 192,292.30 | 5,455,883.37 | 5,648,175.67 | - | - | 151,588,646.07 |
A-2 | FLT | 100,000,000.00 | 90,169,354.44 | 106,049.18 | 5,649,768.67 | 5,755,817.85 | - | - | 84,519,585.77 |
M-1 | MEZ | 22,340,000.00 | 22,340,000.00 | 35,452.34 | - | 35,452.34 | - | - | 22,340,000.00 |
M-2 | MEZ | 15,466,000.00 | 15,466,000.00 | 37,625.34 | - | 37,625.34 | - | - | 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 | 29,038.77 | - | 29,038.77 | - | - | 8,249,000.00 |
M-5 | MEZ | 6,358,000.00 | 6,358,000.00 | 23,918.44 | - | 23,918.44 | - | - | 6,358,000.00 |
C | SUB | 7,734,124.89 | 7,734,124.89 | 1,553,855.80 | - | 1,553,855.80 | - | - | 7,734,124.89 |
P | EXE | 100.00 | 100.00 | 332,855.01 | - | 332,855.01 | - | - | 100.00 |
R | R | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 343,698,224.89 | 312,516,108.77 | 2,332,995.93 | 11,105,652.04 | 13,438,647.97 | - | - | 301,410,456.73 |
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| 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 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PAQ3 | 178,396,000.00 | 880.314186 | 1.077896 | 30.582992 | 31.660887 | 849.731194 |
A-2 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PAR1 | 100,000,000.00 | 901.693544 | 1.060492 | 56.497687 | 57.558179 | 845.195858 |
M-1 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PAS9 | 22,340,000.00 | 1,000.000000 | 1.586944 | - | 1.586944 | 1,000.000000 |
M-2 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PAT7 | 15,466,000.00 | 1,000.000000 | 2.432778 | - | 2.432778 | 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 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PAV2 | 8,249,000.00 | 1,000.000000 | 3.520278 | - | 3.520278 | 1,000.000000 |
M-5 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PAW0 | 6,358,000.00 | 1,000.000000 | 3.761944 | - | 3.761944 | 1,000.000000 |
C | | | F-30/360 | | 351,432,349.78 | 911.271355 | 4.421493 | - | 4.421493 | 879.670246 |
P | | | - | | 100.00 | 1,000.000000 | 3,328,550.100000 | - | 3,328,550.10 0000 | 1,000.000000 |
R | | | - | | - | - | - | - | - | - |
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| | &nb sp; | | | | | Page 2 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-1 |
| Mortgage Pass-Through Certificates |
| Series 2003-1 |
| Certificate Payment Report for November 25, 2003 Distribution |
| | | | | | | | | | | |
| | | | &n bsp; | | | | | | | |
| 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) |
| | | | | | | | |
A-1 | 178,396,000.00 | 1,544,625.13 | 25,675,082.00 | 1,132,271.93 | 26,807,353.93 | 28,351,979.06 | - | - | 151,588,646.07 |
A-2 | 100,000,000.00 | 837,980.24 | 14,792,195.81 | 688,218.42 | 15,480,414.23 | 16,318,394.47 | - | - | 84,519,585.77 |
M-1 | 22,340,000.00 | 261,600.58 | - | - | - | 261,600.58 | - | - | 22,340,000.00 |
M-2 | 15,466,000.00 | 275,835.54 | - | - | - | 275,835.54 | - | - | 15,466,000.00 |
M-3 | 5,155,000.00 | 153,361.25 | - | - | - | 153,361.25 | - | - | 5, 155,000.00 |
M-4 | 8,249,000.00 | 212,081.48 | - | - | - | 212,081.48 | - | - | 8,249,000.00 |
M-5 | 6,358,000.00 | 174,590.44 | - | - | - | 174,590.44 | - | - | 6,358,000.00 |
C | 7,734,124.89 | 11,435,623.51 | - | - | - | 11,435,623.51 | - | - | 7,734,124.89 |
P | 100.00 | 1,132,757.59 | - | - | - | 1,132,757.59 | - | - | 100.00 |
R | - | 0.01 | - | - | - | 0.01 | - | - | - |
| | | | | | | | | |
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Total | 343,698,224.89 | 16,028,455.77 | 40,467,277.81 | 1,820,490.35 | 42,287,768.16 | 58,316,223.93 | - | - | 301,410,456.73 |
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| | | | | | | | | | | |
| 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% | 157,044,529.44 | 192,292.30 | - | - | - | 192,292.30 | 192,292.30 | - |
A-2 | 1.46000% | 90,169,354.44 | 106,049.18 | - | - | - | 106,049.18 | 106,049.18 | - |
M-1 | 1.97000% | 22,340,000.00 | 35,452.34 | - | - | - | 35,452.34 | 35,452.34 | - |
M-2 | 3.02000% | 15,466,000.00 | 37,625.34 | - | - | - | 37,625.34 | 37,625.34 | - |
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 | 29,038.77 | - | - | - | 29,038.77 | 29,038.77 | - |
M-5 | 4.67000% | 6,358,000.00 | 23,918.44 | - | - | - | 23,918.44 | 23,918.44 | - |
C | 5.97000% | 320,250,233.66 | 1,553,855.80 | - | - | - | 1,553,855.80 | 1,553,855.80 | - |
P | | 100.00 | 332,855.01 | - | - | - | 332,855.01 | 332,855.01 | - |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 625,032,217.54 | 2,332,995.93 | - | - | - | 2,332,995.93 | 2,332,995.93 | - |
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| | | | ; | | | Page 3 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Di stribution | | | |
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| Collection Account Report | | | |
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SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 5,649,768.67 | 5,455,883.37 | 11,105,652.04 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0. 00 | | | |
| TOTAL NET PRINCIPAL | | | | | 5,649,768.67 | 5,455,883.37 | 11,105,652.04 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 911,768.62 | 1,531,359.92 | 2,443,128.54 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 0.00 | 0.00 | 1.13 | | | |
| Interest Fees | | | | | (41,604.12) | (68,529.61) | (110,133.74) | | | |
| TOTAL NET INTEREST | | | | | 870,164.50 | 1,462,830.31 | 2,332,995.93 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | 6,519,933.17 | 6,918,713.68 | 13,438,647.97 | | | |
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PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | 92,668.94 | 153,717.91 | 246,386.85 | | | |
| Curtailments | | | | | 754.69 | (9,570.53) | (8,815.84) | | | |
| Prepayments in Full | | | | | 5,556,345.04 | 5,311,735.99 | 10,868,081.03 | | | |
| Repurchases/Substitutions Shortfalls | | | | | 0.00 | 0.00 | 0.00 | | | |
| Liquidations | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Principal | | & nbsp; | | | 0.00 | 0.00 | 0.00 | | | |
| Other Additional Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Delinquent Principal | | | | | ( 11,720.50) | (25,986.20) | (37,706.70) | | | |
| Advanced Principal | | | | | 11,720.50 | 25,986.20 | 37,706.70 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | & nbsp; | | |
| | | | | | | | | | | & nbsp; |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 5,649,768.67 | 5,455,883.37 | 11,105,652.04 | | | |
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| | | | Page 4 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
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| | | | | | | | | &n bsp; | | |
PRINCIPAL - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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PRINCIPAL - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
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| | | | | | | | &nbs p; | | | |
| | | | | | | | | | &nbs p; | |
| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 0.00 | 0.00 | 0.00 | | | |
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INTEREST - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
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| Scheduled Interest | | | | | 757,983.42 | 1,374,789.66 | 2,132,773.08 | | | |
| Repurchases/Su bstitutions | | | | | 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) | | | | | (19,071.51) | (19,472.3 3) | (38,543.84) | | | |
| Delinquent Interest | | | | | (105,790.01) | (262,997.28) | (368,787.29) | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 19,071.51 | 19,472.33 | 38,543.84 | | | |
| Other Interest Shortfall (Relief Act) | | | | | (176.23) | (737.66) | (913.89) | | | |
| Interest Advanced | | | | | 99,519.88 | 247,681.75 | 347,201.63 | | | |
| Prepayment Penalties | | | | | 160,231.56 | 172,623.45 | 332,855.01 | | | |
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| TOTAL INTEREST COLLECTED | | | | | 911,768.62 | 1,531,359.92 | 2,443,128.54 | | | |
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| | | | Page 5 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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INTEREST - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
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| TOTAL OTHER ACCOUNT INTEREST | | | | | 0.00 | 0.00 | 1.13 | | | |
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INTEREST - FEES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 40,893.96 | 67,286.55 | 108,180.51 | | | |
| Trustee Fee | | | | | 710.16 | 1,243.06 | 1,953.23 | | | |
| PMI Insuranse Premium Fees | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER FEES | | | | | 41,604.12 | 68,529.61 | 110,133.74 | | | |
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| | | | Page 6 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Credit Enhancement Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Credit Enhancement Report | | | |
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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 | | | |
| | | | | | | | | | | |
| Int Earnings paid to Class C | | | | | | | 1.13 | | | |
| | | | | | | | | | | |
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INSURANCE | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
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STRUCTURAL FEATURES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Overcollateralization Target Amount | &nb sp; | | | | | | 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 | | | |
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| | | | Page 7 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
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COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | & nbsp; | | | |
| Original | | | | | 694 | 1802 | 2496 | | | |
| Prior | | | | | 643 | 1,649 | 2,292 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (30) | (44) | (74) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 613 | 1,605 | 2,218 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 123,456,814.73 | 220,241,410.16 | 343,698,224.89 | | | |
| Prior | | | | | 113,626,169.17 | 198,889,939.60 | 312,516,108.77 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (92,668.94) | (153,717.91) | (2 46,386.85) | | | |
| Partial and Full Voluntary Prepayments | | | | | (5,557,099.73) | (5,302,165.46) | (10,859,265.19) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 107,976,400.50 | 193,434,056.23 | 301,410,456.73 | | | |
| | | | | | | | | | | |
PREFUNDING | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | & nbsp; | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
Current Prin Balance by Groups (in millions of dollars) | Total Current Princ ipal Balance (in millions of dollars) | | | |
| | | | | | | | | | | |
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| | | | Page 8 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
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CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 8.072123% | 8.343189% | 8.245822% | | | |
| Weighted Average Coupon Prior | | | | | 8.021655% | 8.298793% | 8.198012% | | | |
| Weighted Average Coupon Current | | | | | 8.005023% | 8.294776% | 8.189426% | | | |
| Weighted Average Months to Maturity Original | | | | | 343 | 346 | 345 | | | |
| Weighted Average Months to Maturity Prior | | | | | 338 | 341 | 340 | | | |
| Weighted Average Months to Maturity Current | | | | | 337 | 340 | 339 | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | 343 | 346 | 345 | | | |
& nbsp; | Weighted Avg Remaining Amortization Term Prior | | | | | 338 | 341 | 340 | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | 337 | 340 | 339 | | | |
| Weighted Average Seasoning Original | | | | | 5.69 | 5.50 | 5.57 | | | |
| Weighted Av erage Seasoning Prior | | | | | 10.70 | 10.49 | 10.57 | | | |
| Weighted Average Seasoning Current | | | | | 11.67 | 11.49 | 11.56 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
WAC by Groups | Total WAC | | | |
| | | | | | | | | | | |
| | | | | | | | &n bsp; | | | |
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 | | | &nb sp; |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
; | | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 5.429% | 5.591% | | | | |
| Weighted Average Margin Prior | | | | | 5.424% | 5.571% | | | | |
| Weighted Average Margin Current | | | | | 5.420% | 5.555% | | | | |
| Weighted Average Max Rate Original | | | | | 11.438% | 8.343% | | | | |
| Weighted Average Max Rate Prior | | | | | 11.410% | 12.075% | | | | |
| Weighted Average Max Rate Current | | | | | 11.401% | 12.045% | | | | |
| Weighted Average Min Rate Original | | | | | 6.001% | 8.343% | | | | |
| Weighted Average Min Rate Prior | | | | | 5.978% | 6.495% | | | | |
| Weighted Average Min Rate Current | | | | | 5.973% | 6.481% | | | | |
| Weighted Average Cap Up Original | | & nbsp; | | | 1.165% | 1.200% | | | | |
| Weighted Average Cap Up Prior | | | | | 1.164% | 1.196% | | | | |
| Weighted Average Cap Up Current | | | | | 1.163% | 1.192% | | | | |
| Weighted Average Cap Down Original | | | | | 1.165% | 1.200% | | | | |
| Weighted Average Cap Down Prior | | | | | 1.164% | 1.196% | | | | |
| Weighted Average Cap Down Current | | | | | 1.163% | 1.192% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | &n bsp; | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 40,893.96 | 67,286.55 | 108,180.51 | | | |
| Delinquent Servicing Fees | | | | | 6,270.14 | 15,315.53 | 21,585.67 | | | |
| TOTAL SERVICING FEES | | | | | 47,164.10 | 82,602.08 | 129,766.18 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 47,164.10 | 82,602.08 | 129,766.18 | | | |
| Compensating Month End Interest | | | | | 19,071.51 | 19,472.33 | 38,543.84 | | | |
| Delinquent Servicing Fees | | | | | (6,270.14) | (15,315.53) | (21,585.67) | | | |
| | | | | | | | | | | |
| COLLECTED SERVICING FEES | | | | | 59,965.47 | 86,758.88 | 146,724.35 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 19,071.51 | 19,472.33 | 38,543.84 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | 99,519.88 | 247,681.75 | 347,201.63 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Next One-Month LIBOR | | | | | | | 1.118750% | | | |
| 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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 7,754,601.41 | 4,311,749.57 | 3,160,422.27 | 15,226,773.25 | | | |
| | % Balance | | | 2.57% | 1.43% | 1.05% | 5.05% | | | |
| | # Loans | | | 68 | 29 | 36 | 133 | | | |
| | % # Loans | | | 3.07% | 1.31% | 1.62% | 6.00% | | | |
FORECLOSURE | | Balance | | - | - | - | 4,444,306.98 | 4,444,306.98 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.47% | 1.47% | | | |
| &n bsp; | # Loans | | - | - | - | 27 | 27 | | | |
| &nbs p; | % # Loans | | 0.00% | 0.00% | 0.00% | 1.22% | 1.22% | | | |
BANKRUPTCY | | Balance | | - | - | 23,454.42 | 286,435.52 | 309,889.94 | | | |
| | % Balance | | 0.00% | 0.00% | 0.01% | 0.10% | 0.10% | | | |
| | # Loans | | - | - | 1 | 5 | 6 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.05% | 0.23% | 0.27% | | | |
REO | | Balance | | - | - | - | 465,015.95 | 465,015.95 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.15% | 0.15% | | | |
| | # Loans | | - | - | - | 2 | 2 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.09% | 0.09% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 7,754,601.41 | 4,335,203.99 | 8,356,180.72 | 20,445,986.12 | | | &nbs p; |
| | % Balance | | 0.00% | 2.57% | 1.44% | 2.77% | 6.78% | | | |
| | # Loans | | - | 68 | 30 | 70 | 168 | | | |
| | % # Loans | | 0.00% | 3.07% | 1.35% | 3.16% | 7.57% | | | |
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 | | | &nb sp; |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | ; | |
| | | | | | | | | | | ; |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 11 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 6,178,853.50 | 2,675,543.30 | 1,950,527.58 | 10,804,924.38 | | | |
| | % Balance | | | 3.19% | 1.38% | 1.01% | 5.59% | | | |
| | # Loans | | | 51 | 21 | 27 | 99 | | | |
| | % # Loans | | | 3.18% | 1.31% | 1.68% | 6.17% | | | |
FORECLOSURE | | Balance | | - | - | - | 3,788,066.40 | 3,788,066.40 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.96% | 1.96% | | | |
| | # Loans | | - | - | - | 23 | 23 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.43% | 1.43% | | | |
BANKRUPTCY | | Balance | | - | - | 23,454.42 | 131,201.47 | 154,655.89 | | | |
| | % Balance | | 0.00% | 0.00% | 0.01% | 0.07% | 0.08% | | | |
| | # Loans | | - | - | 1 | 2 | 3 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.06% | 0.12% | 0.19% | | | |
REO | | Balance | | - | - | - | 80,381.30 | 80,381.30 | | | |
| | % 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 | | - | 6,178,853.50 | 2,698,997.72 | 5,950,176.75 | 14,828,027.97 | | | |
| | % Balance | | 0.00% | 3.19% | 1.40% | 3.08% | 7.67% | | | |
| | # Loans | | - | 51 | 22 | 53 | 126 | | | |
| | % # Loans | | 0.00% | 3.18% | 1.37% | 3.30% | 7.85% | | | |
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 12 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 1,575,747.91 | 1,636,206.27 | 1,209,894.69 | 4,421,848.87 | | | |
| | % Balance | | | 1.46% | 1.52% | 1.12% | 4.10% | | | |
| | # Loans | | | 17 | 8 | 9 | 34 | | | |
| | % # Loans | | | 2.77% | 1.31% | 1.47% | 5.55% | | | |
FORECLOSURE | | Balance | | - | - | - | 656,240.58 | 656,240.58 | &nb sp; | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.61% | 0.61% | | | &nb sp; |
| | # Loans | | - | - | - | 4 | 4 | | | &nb sp; |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.65% | 0.65% | | | |
BANKRUPTCY | | Balance | | - | - | - | 155,234.05 | 155,234.05 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.14% | 0.14% | | | |
| | # Loans | | - | - | - | 3 | 3 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.49% | 0.49% | | | |
REO | | Balance | | - | - | - | 384,634.65 | 384,634.65 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.36% | 0.36% | | | |
| | # Loans | | - | - | - | 1 | 1 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.16% | 0.16% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 1,575,747.91 | 1,636,206.27 | 2,406,003.97 | 5,617,958.15 | | | |
| | % Balance | | 0.00% | 1.46% | 1.52% | 2.23% | 5.20% | | | |
| | # Loans | | - | 17 | 8 | 17 | 42 | | | |
| | % # Loans | | 0.00% | 2.77% | 1.31% | 2.77% | 6.85% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | |
| | | | | | | | 6 Months Moving Avera ge | | | |
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 November 25, 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 = 388,800.00 | Loan Group 2 = Non Conform. Group; REO Book Value = Not Available | | | | | ; | | |
Total Current Balance = 384,634.65 | | | | | | | | |
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 | | | |
| | | |
1000091418 2 | 388,800.00 | 384,634.65 | Mar-01-03 | 6.250% | Ca - 90.00% | 360 | Nov-06-02 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Foreclosure Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 7 | | | | Loan Group 1 = Conform. Group | | | | | | | |
Total Original Principal Balance = 1,267,450.00 | | | | Loan Group 2 = Non Conform. Group | | | | | | | |
Total Current Balance = 1,255,494.81 | | | | | | | | | | | |
| | | | | &nbs p; | | | | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
| | | |
1000080823 1 | 225,000.00 | 223,099.18 | Jul-01-03 | 8.750% | Ca - 57.11% | 360 | Aug-12-02 | | | |
1000090780 1 | 123,750.00 | 123,016.37 | Jul-01-03 | 9.250% | Ca - 75.00% | 360 | Nov-05-02 | | | |
1000091295 1 | 220,000.00 | 217,525.07 | Jul-01-03 | 5.990% | Ca - 80.00% | 360 | Nov-06-02 | | | |
6000042882 1 | 52,700.00 | 52,381.10 | Jun-01-03 | 9.150% | Pe - 85.00% | 360 | Nov-15-02 | | | |
7000059283 1 | 280,000.00 | 277,219.53 | Jul-01-03 | 6.650% | Ca - 80.00% | 360 | Oct-30-02 | | | |
7000059437 1 | 316,000.00 | 312,631.40 | Jul-01-03 | 6.750% | Ca - 80.00% | 360 | Oct-23-02 | | | |
5000051115 2 | 50,000.00 | 49,622.16 | Jun-01-03 | 8.050% | Mi - 67.57% | 360 | Nov-25-02 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 15 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 30 | 44 | 74 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 30 | 44 | 74 | | | |
| | | | | | | &n bsp; | | | | |
| Paid in Full Balance | | | | | 5,556,345.04 | 5,311,735.99 | 10,86 8,081.03 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 754.69 | (9,570.53) | (8,815.84) | | | |
| Total Prepayment Amount | | | | | 5,557,099.73 | 5,302,165.46 | 10,859,265.19 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 81 | 197 | 278 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | & nbsp; | | | | 81 | 197 | 278 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 14,784,357.18 | 25,673,145.09 | 40,457,502.27 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 7,838.63 | 1,936.91 | 9,775.54 | | | |
| Total Prepayment Amount | | | | | 14,792,195.81 | 25,675,082.00 | 40,467,277.81 | | | |
| | | | | | | | | | | |
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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | & nbsp; | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | 4.89% | 2.67% | 3.48% | | | |
| 3 Months Avg SMM | | | | | 2.98% | 2.53% | 2.69% | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 1.81% | 1.76% | 1.78% | | | |
| | | | | | | | | | | |
| CPR | | | | | 45.24% | 27.71% | 34.61% | | | |
| 3 Months Avg CPR | | | | | 30.45% | 26.48% | 27.94% | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 19.73% | 19.21% | 19.40% | | | |
| | | | | | | | | | | |
| PSA | | | | | 1939.02% | 1205.55% | 1497.42% | | | |
| 3 Months Avg PSA Approximation | | | | | 1424.72% | 1261.85% | 1322.30% | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 1135.25% | 1130.49% | 1132.20% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| 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 | | | |
| | | | |
| Prepaym ent Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | &n bsp; |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | |
CPR Avg since Cut-Off by Groups | Total CPR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA Avg since Cut-Off by Groups | Total PSA Avg since Cut-Off | | | |
| | | | | | | | | | | |
& nbsp; | | | | | | | | | | | |
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 full voluntary prepayments and repurchases. | | | |
Dates correspond to distribution dat es. | | | |
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| | | | Page 18 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-1 | | |
| Mortgage Pass-Through Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 74 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 10,958,992.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 10,868,081.03 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | | | Current | State & | Type Prepayment | | | |
& | Loan | Principal | Prepayment | Prepayment | Note | LTV at | & | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Original Term | Date | | |
| | |
1000081810 1 | | 57,000.00 | 56,094.14 | Oct-03-03 | 10.990% | Ca - 100.00% | Paid Off - 240 | Aug-01-02 | &n bsp; | |
1000084024 1 | | 108,500.00 | 107,449.78 | Oct-06-03 | 7.250% | Ca - 70.00% | Paid Off - 360 | Sep-11-02 | | |
1000087970 1 | | 108,000.00 | 106,947.86 | Oct-24-03 | 6.750% | Ne - 80.00% | Paid Off - 360 | Oct-21-02 | | |
1000088218 1 | | 124,950.00 | 124,168.82 | Oct-06-03 | 8.990% | Vi - 85.00% | Paid Off - 360 | Oct-04-02 | | |
1000089397 1 | | 35,180.00 | 34,800.01 | Oct-02-03 | 12.650% | Ca - 100.00% | Paid Off - 240 | Oct-17-02 | | |
1000089472 1 | | 107,920.00 | 107,088.05 | Oct-10-03 | 7.950% | Ar - 80.00% | Paid Off - 360 | Oct-18-02 | | |
1000090165 1 | | 24,000.00 | 23,424.72 | Oct-24-03 | 10.500% | Ma - 100.00% | Paid Off - 180 | Nov-07-02 | | |
1000090593 1 | | 224,000.00 | 222,973.63 | Oct-24-03 | 10.500% | Ca - 70.00% | Paid Off - 360 | Oct-24-02 | | |
1000090752 1 | | 208,000.00 | 206,698.90 | Oct-06-03 | 8.500% | Ca - 80.00% | Paid Off - 360 | Nov-01-02 | | |
1000091194 1 | | 110,983.00 | 110,643.43 | Oct-31-03 | 11.900% | Ar - 65.00% | Paid Off - 360 | Nov-14-02 | | |
1000091386 1 | | 279,000.00 | 276,658.69 | Oct-06-03 | 7.500% | Ca - 90.00% | Paid Off - 360 | Nov-13-02 | | |
1000092198 1 | | 208,000.00 | 206,332.56 | Oct-31-03 | 7.250% | Ca - 80.00% | Paid Off - 360 | Nov-12-02 | | |
1000092271 1 | | 220,000.00 | 218,475.72 | Oct-29-03 | 7.990% | Ca - 73.33% | Paid Off - 360 | Nov-14-02 | | |
1000093218 1 | | 119,900.00 | 119,208.52 | Oct-06-03 | 8.900% | Ar - 79.99% | Paid Off - 360 | Nov-20-02 | | |
1000093836 1 | | 112,500.00 | 111,598.14 | Oct-03-03 | 7.250% | Vi - 90.00% | Paid Off - 360 | Nov-27-02 | | |
5000045800 1 | | 221,400.00 | 219,494.68 | Oct-07-03 | 7.850% | Wi - 90.00% | Paid Off - 360 | Sep-03-02 | | |
5000047484 1 | | 69,700.00 | 69,312.54 | Oct-30-03 | 10.000% | Il - 85.00% | Paid Off - 360 | Sep-10-02 | | |
5000050691 1 | | 22,000.00 | 21,371.40 | Oct-30-03 | 11.890% | In - 100.00% | Paid Off - 180 | Oct-28-02 | | |
5000051093 1 | | 110,880.00 | 110,332.07 | Oct-14-03 | 9.650% | Wi - 90.00% | Paid Off - 360 | Nov-06-02 | | |
5000051335 1 | | 105,500.00 | 104,637.56 | Oct-31-03 | 7.150% | Il - 73.26% | Paid Off - 360 | Nov-12-02 | | |
5000051402 1 | | 150,000.00 | 149,359.84 | Oct-07-03 | 10.350% | Il - 75.00% | Paid Off - 360 | Nov-22-02 | | |
5000051524 1 | | 245,650.00 | 243,774.69 | Oct-22-03 | 7.500% | Co - 85.00% | Paid Off - 360 | Nov-12-02 | | |
5000052571 1 | | 26,400.00 | 26,111.51 | Oct-06-03 | 11.750% | Fl - 100.00% | Paid Off - 240 | Nov-26-02 | | |
6000037274 1 | | 71,550.00 | 71,090.23 | Oct-28-03 | 9.300% | Ne - 90.00% | Paid Off - 360 | Sep-09-02 | | |
6000040018 1 | | 112,500.00 | 111,817.32 | Oct-17-03 | 8.650% | Ma - 75.00% | Paid Off - 36 0 | Nov-13-02 | | |
6000041587 1 | | 150,000.00 | 148,914.04 | Oct-31-03 | 9.990% | Ne - 50.00% | Paid Off - 360 | Oct-29-02 | | |
6000042909 1 | | 155,000.00 | 153,628.94 | Oct-16-03 | 7.250% | Co - 25.62% | Paid Off - 360 | Oct-29-02 | | |
6000043370 1 | | 115,000.00 | 114,295.05 | Oct-20-03 | 8.600% | Ma - 89.84% | Paid Off - 360 | Nov-06-02 | | |
6000043635 1 | | 135,000.00 | 134,184.07 | Oct-06-03 | 8.670% | Co - 75.00% | Paid Off - 360 | Nov-12-02 | | |
6000044143 1 | | 217,500.00 | 215,806.73 | Oct-10-03 | 7.400% | Ne - 75.00% | Paid Off - 360 | Nov-13-02 | | |
6000044490 1 | | 160,200.00 | 159,012.59 | Oct-03-03 | 7.650% | Fl - 90.00% | Paid Off - 360 | Nov-25-02 | | |
6000044556 1 | | 84,000.00 | 83,553.66 | Oct-14-03 | 9.300% | Pe - 80.00% | Paid Off - 360 | Nov-15-02 | | |
6000045343 1 | | 135,000.00 | 134,260.23 | Oct-07-03 | 9.150% | Fl - 100.00% | Paid Off - 360 | Nov-26-02 | | |
7000052356 1 | | 10,300.00 | 9,613.34 | Oct-20-03 | 12.990% | Ca - 95.00% | Paid Off - 120 | Jul-02 - -02 | | |
7000055393 1 | | 13,750.00 | 13,001.66 | Oct-08-03 | 12.240% | Ma - 95.00% | Paid Off - 120 | Sep-10-02 | | |
7000055437 1 | | 58,000.00 | 57,019.12 | Oct-02-03 | 10.500% | Ca - 100.00% | Paid Off - 240 | Aug-21-02 | | |
7 000055797 1 | | 53,000.00 | 52,131.54 | Oct-20-03 | 10.750% | Ca - 100.00% | Paid Off - 240 | Aug-28-02 | | |
7000057256 1 | | 8,250.00 | 7,795.07 | Oct-15-03 | 12.000% | Ca - 95.00% | Paid Off - 120 | Sep-25-02 | | |
7000058634 1 | | 236,000.00 | 234,596.74 | Oct-30-03 | 9.250% | Ca - 79.86% | Paid Off - 360 | Oct-15-02 | | |
7000059099 1 | | 102,400.00 | 101,833.05 | Oct-22-03 | 9.100% | Ne - 80.00% | Paid Off - 360 | Nov-15-02 | | |
7000059791 1 | | 160,000.00 | 159,436.43 | Oct-30-03 | 11.250% | Ne - 50.00% | Paid Off - 360 | Nov-08-02 | | |
7000059875 1 | | 137,600.00 | 136,600.04 | Oct-02-03 | 7.750% | Ca - 80.00% | Paid Off - 360 | Oct-30-02 | | |
7000060141 1 | | 192,000.00 | 190,615.76 | Oct-01-03 | 7.790% | Ne - 80.00% | Paid Off - 360 | Nov-12-02 | ; | |
7000061241 1 | | 46,000.00 | 45,573.12 | Oct-10-03 | 12.990% | Ca - 100.00% | Paid Off - 240 | Nov-25-02 | | |
| | | | | | | | | | | |
| | | | | Page 19 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-1 | | |
| Mortgage Pass-Through Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | | | Current | State & | | | | |
& amp; | Loan | Principal | Prepayment | Prepayment | Note | LTV at | Original | Origination | | |
Loan G roup | Status | Balance | Amount | Date | Rate | Origination | Term | Date | | |
| | |
1000077561 2 | | 51,200.00 | 50,558.05 | Oct-07-03 | 13.990% | Ca - 100.00% | Paid Off - 240 | Jun-04-02 | | |
1000082662 2 | | 25,200.00 | 24,890.93 | Oct-07-03 | 12.990% | Ca - 100.00% | Paid Off - 240 | Aug-01-02 | | |
1000085236 2 | | 76,400.00 | 75,509.81 | Oct-15-03 | 12.730% | Ca - 99.84% | Paid Off - 240 | Sep-18-02 | | |
1000087699 2 | | 43,800.00 | 43,320.36 | Oct-17-03 | 12.500% | Ca - 100.00% | Paid Off - 240 | Oct-02-02 | | |
1000087901 2 | | 209,950.00 | 208,000.69 | Oct-14-03 | 7.000% | Ca - 85.00% | Paid Off - 360 | Oct-10-02 | | |
1000087963 2 | | 167,025.00 | 165,318.26 | Oct-14-03 | 6.500% | Ca - 85.00% | Paid Off - 360 | Oct-01-02 | | |
1000088886 2 | | 337,240.00 | 334,661.13 | Oct-20-03 | 7.990% | Ca - 95.00% | Paid Off - 360 | Oct-09-02 | | |
1000089000 2 | | 41,710.00 | 41,265.10 | Oct-17-03 | 12.700% | Ca - 96.25% | Paid Off - 240 | Oct-22-02 | | |
1000089800 2 | | 104,800.00 | 104,000.15 | Oct-01-03 | 8.000% | Ca - 80.00% | Paid Off - 360 | Oct-28-02 | | |
1000090590 2 | | 242,400.00 | 240,154.40 | Oct-22-03 | 6.500% | Ca - 80.00% | Paid Off - 360 | Nov-12-02 | | |
1000090694 2 | | 42,000.00 | 41,100.17 | Oct-22-03 | 11.750% | Ca - 100.00% | Paid Off - 180 | Nov-04-02 | | |
1000090774 2 | | 5,250.00 | 5,004.34 | Oct-29-03 | 11.500% | Oh - 95.00% | Paid Off - 120 | Nov-07-02 | | |
1000090834 2 | | 224,250.00 | 222,847.37 | Oct-03-03 | 8.500% | Ca - 75.00% | Paid Off - 360 | Nov-04-02 | | |
1000093017 2 | | 348,000.00 | 345,818.85 | Oct-31-03 | 8.490% | Ca - 100.00% | Paid Off - 360 | Nov-15-02 | | |
5000043890 2 | | 442,400.00 | 438,001.78 | Oct-15-03 | 8.300% | Co - 80.00% | Paid Off - 360 | Jun-28-02 | | |
5000047200 2 | | 50,000.00 | 49,494.40 | Oct-10-03 | 8.200% | Pe - 80.65% | Paid Off - 360 | Sep-05-02 | | |
5000049053 2 | | 80,100.00 | 79,574.15 | Oct-24-03 | 8.750% | Mi - 90.00% | Paid Off - 360 | Oct-14-02 | | |
5000051110 2 | | 6,160.00 | 5,868.73 | Oct-17-03 | 11.290% | Wi - 95.00% | Paid Off - 120 | Nov-06-02 | | |
5000052424 2 | | 152,000.00 | 151,149.87 | Oct-23-03 | 9.050% | Mi - 80.00% | Paid Off - 360 | Nov-21-02 | | |
6000035507 2 | | 192,000.00 | 190,386.68 | Oct-06-03 | 8.390% | Ne - 80.00% | Paid Off - 360 | Aug-16-02 | | |
6000042145 2 | | 102,750.0 0 | 102,047.54 | Oct-10-03 | 8.550% | Fl - 75.00% | Paid Off - 360 | Oct-17-02 | | |
6000042250 2 | | 575,000.00 | 570,611.68 | Oct-21-03 | 8.000% | Fl - 79.42% | Paid Off - 360 | Oct-25-02 | | |
6000043831 2 | | 52,800.00 | 52,275.28 | Oct-07-03 | 12.490% | Ma - 95.00% | Paid Off - 240 | Nov-15-02 | | |
7000052527 2 | | 339,150.00 | 335,900.11 | Oct-16-03 | 8.250% | Ca - 85.00% | Paid Off - 360 | Jul-10-02 | | |
7000053097 2 | | 81,000.00 | 79,606.06 | Oct-22-03 | 10.990% | Ca - 100.00% | Paid Off - 240 | Jul-1 9-02 | | |
7000056780 2 | | 77,644.00 | 76,793.70 | Oct-20-03 | 12.500% | Ca - 100.00% | Paid Off - 240 | Oct-08-02 | | |
7000059018 2 | | 414,000.00 | 410,164.74 | Oct-01-03 | 6.500% | Ca - 90.00% | Paid Off - 360 | Nov-04-02 | | |
700 0059444 2 | | 361,250.00 | 358,236.59 | Oct-09-03 | 7.550% | Ca - 85.00% | Paid Off - 360 | Oct-24-02 | | |
7000059680 2 | | 369,000.00 | 365,415.54 | Oct-29-03 | 6.250% | Ca - 90.00% | Paid Off - 360 | Nov-06-02 | | |
7000059903 2 | | 392,000.00 | 388,368.58 | Oct-09-03 | 6.500% | Ca - 80.00% | Paid Off - 360 | Nov-13-02 | | |
| | | | | &nbs p; | | | | | |
| | | | | | | | | | | |
| | | | | Page 20 of 26 | | | | © COPYRIGHT 2003 Deu tsche Bank | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | &n bsp; |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | ; | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| 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 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 21 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | &nbs p; | | | | |
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-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| CDR | | | | | 0.00% | 0.0 0% | 0.00% | | | |
| 3 Months Avg CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| SDA | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg SDA Approximation | | | | | 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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| 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 Balanc e) | | | |
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) | | | |
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 calculated 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 November 25, 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 Pro ceeds = 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 | | |
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| | | | | 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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
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TRIGGER EVENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | | | | | | | 4.061034% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 18.420810% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 19.099536% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | NON CONFORM. | CONFORM. | TO TAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 25 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-1 | | | |
| Mortgage Pass-Through Certificates | | | |
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| Additional Certificate Report for November 25, 2003 Distribution | | | |
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| Additional Certificate Report | | | |
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| CLASS | | | | | | | | | | |
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| M-1 | | | | | 0.00 | 0.00 | 0.00 | | | |
| M-2 | | | | | 0.00 | 0.00 | 0.00 | | | |
| M-3 | | | | | 0.00 | 0.00 | 0.00 | | | |
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| C | | | | | | 0.00 | 0.00 | | | |
| P | | | | | | 0.00 | 0.00 | | | |
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| | | | Page 26 of 26 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |