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| Fremont Home Loan Trust 2003-2 |
| Asset Backed Certificates |
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| |
| November 25, 2003 Distribution |
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| Contents |
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| | | | | | | &nbs p; | | | | |
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| | | TABLE OF CONTENTS | | | | | | | | |
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| | | 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 | | | | 22 | | | |
| | | 12. | Realized Loss Detail Report | | | | 25 | | | |
| | | 13. | Triggers, Adj. Rate Cert. and Miscellaneous Report | | | | 26 | | | |
| | | 14. | Additional Certificate Report | | | | 27 | | | |
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| | | | Total Number of Pages | | | | 27 | | | |
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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 | | | | | | | |
| | | | | | | | | | | |
| | | | Web Site: https://www.corporatetrust.db.com/invr | &n bsp; | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
| | | | | | | | &n bsp; | | | |
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ISSUANCE INFORMATION | | | | | | | | | | | |
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| Seller: | | Financial Asset Securites Corp. | | | | | Cut-Off Date: June 1, 2003 | | | |
| Certificate Insurer(s): | | | | | | | Closing Date: June 26, 2003 | | | |
| | | | | | | | First Payment Date: July 25, 2003 | | | |
| Servicer(s): | | Litton Loan Servicing Master Servicer | | & nbsp; | | | | | | |
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| | | | | | | | Distribution Date: November 25, 2003 | | | |
| Underwriter(s): | | RBS Greenwich Capital | | | | | Record Date: November 24, 2003 | | | |
| | | | | | | | October 31, 2003 | | | |
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| | | | | | Page 1 of 27 | | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-2 |
| Asset Backed Certificates |
| Series 2003-2 |
| Certificate Payme nt Report for November 25, 2003 Distribution |
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| 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 | FTV | 616,863,000.00 | 580,292,192.36 | 1,102,555.17 | 16,394,128.20 | 17,496,683.37 | - | - | 563,898,064.16 |
A-2 | FTV | 161,938,000.00 | 147,029,954.44 | 286,708.41 | 6,151,178.24 | 6,437,886.65 | - | - | 140,878,776.20 |
M-1A | MEZ | 32,502,000.00 | 32,502,000.00 | 50,007.94 | - | 50,007.94 | - | - | 32,502,000.00 |
M-1H | MEZ | 32,000,000.00 | 32,000,000.00 | 64,800.00 | - | 64,800.00 | - | - | 32,000,000.00 |
M-2 | MEZ | 50,168,000.00 | 50,168,000.00 | 117,602.15 | - | 117,602.15 | - | - | 50,168,000.00 |
M-3 | MEZ | 7,167,000.00 | 7,167,000.00 | 27,682.54 | - | 27,682.54 | - | - | 7,167,000.00 |
M-4A | MEZ | 13,723,000.00 | 13,723,000.00 | 45,545.11 | - | 45,545.11 | - | - | 13,723,000.00 |
M-4F | MEZ | 3,000,000.00 | 3,000,000.00 | 13,155.00 | - | 13,155.00 | - | - | 3,000,000.00 |
M-5A | MEZ | 9,112,000.00 | 9,112,000.00 | 39,416.99 | - | 39,416.99 | - | - | 9,112,000.00 |
M-5F | MEZ | 10,000,000.00 | 10,000,000.00 | 51,666.67 | - | 51,666.67 | - | - | 10,000,000.00 |
C | SUB | 19,112,122.59 | 19,112,122.59 | 3,713,487.62 | - | 3,713,487.62 | - | - | 19,112,122.59 |
P | EXE | 100.00 | 100.00 | 646,866.40 | - | 646,866.40 | - | - | 100.00 |
R | R | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 955,585,222.59 | 904,106,369.39 | 6,159,494.00 | 22,545,306.44 | 28,704,800.44 | - | - | 881,561,062.95 |
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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 | Met hod | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
A-1 | | | A-30/360 | 35729PAX8 | 616,863,000.00 | 940.714863 | 1.787358 | 26.576611 | 28.363970 | 914.138251 |
A-2 | | | A-30/360 | 35729PAY6 | 161,938,000.00 | 907.939794 | 1.770483 | 37.984773 | 39.755256 | 869.955021 |
M-1A | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBA7 | 32,502,000.00 | 1,000.000000 | 1.538611 | - | 1.538611 | 1,000.000000 |
M-1H | | | A-30/360 | 35729PAZ3 | 32,000,000.00 | 1,000.000000 | 2.025000 | - | 2.025000 | 1,000.000000 |
M-2 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBB5 | 50,168,000.00 | 1,000.000000 | 2.344167 | - | 2.344167 | 1,000.000000 |
M-3 | | | F-30/360 | 35729PBC3 | 7,167,000.00 | 1,000.000000 | 3.862500 | - | 3.862500 | 1,000.000000 |
M-4A | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBD1 | 13,723,000.00 | 1,000.000000 | 3.318889 | - | 3.318889 | 1,000.000000 |
M-4F | | | F-30/360 | 35729PBE9 | 3,000,000.00 | 1,000.000000 | 4.385000 | - | 4.385000 | 1,000.000000 |
M-5A | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBF6 | 9,112,000.00 | 1,000.000000 | 4.325833 | - | 4.325833 | 1,000.000000 |
M-5F | | | F-30/360 | 35729PBG4 | 10,000,000.00 | 1,000.000000 | 5.166667 | - | 5.166667 | 1,000.000000 |
C | | | A-30/360 | | 974,697,345.18 | 947.184782 | 3.809888 | - | 3.809888 | 924.054210 |
P | | | - | | 100.00 | 1,000.000000 | 6,468,664.000000 | - | 6,468,664.000000 | 1,000.000000 |
R | | | - | | - | - | - | - | - | - |
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| | | | &n bsp; | | | | | | | |
| | | | | | | Page 2 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-2 |
| Asset Backed Certificates |
| Series 2003-2 |
| Certificate Payment Report for November 25, 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) |
| | | | | | | | |
A-1 | 616,863,000.00 | 5,718,823.11 | 50,205,595.42 | 2,759,340.42 | 52,964,935.84 | 58,683,758.95 | - | - | 563,898,064.16 |
A-2 | 161,938,000.00 | 1,516,050.43 | 20,290,202.96 | 769,020.84 | 21,059,223.80 | 22,575,274.23 | - | - | 140,878,776.20 |
M-1A | 32,502,000.00 | 258,849.09 | - | - | - | 258,849.09 | - | - | 32,502,000.00 |
M-1H | 32,000,000.00 | 324,000.0 0 | - | - | - | 324,000.00 | - | - | 32,000,000.00 |
M-2 | 50,168,000.00 | 611,363.26 | - | - | - | 611,363.26 | - | - | 50,168,000.00 |
M-3 | 7,167,000.00 | 138,412.70 | - | - | - | 138,412.70 | - | - | 7,167,000.00 |
M-4A | 13,723,000.00 | 237,342.14 | - | - | - | 237,342.14 | - | - | 13,723,000.00 |
M-4F | 3,000,000.00 | 65,775.00 | - | - | - | 65,775.00 | - | - | 3,000,000.00 |
M-5A | 9,112,000.00 | 205,685.04 | - | - | - | 205,685.04 | - | - | 9,112,000.00 |
M-5F | 10,000,000.00 | 258,333.35 | - | - | - | 258,333.35 | - | - | 10,000,000.00 |
C | 19,112,122.59 | 19,098,458.07 | - | - | - | 19,098,458.07 | - | - | 19,112,122.59 |
P | 100.00 | 1,883,820.97 | - | - | - | 1,883,820.97 | - | - | 100.00 |
R | - | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 955,585,222.59 | 30,316,913.16 | 70,495,798.38 | 3,528,361.26 | 74,024,159.64 | 104,341,072.80 | - | - | 881,561,062.95 |
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&n bsp; | | | | | | | | | | | |
| 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 | 2.28000% | 580,292,192.36 | 1,102,555.17 | - | - | - | 1,102,555.17 | 1,102,555.17 | - |
A-2 | 2.34000% | 147,029,954.44 | 286,708.41 | - | - | - | 286,708.41 | 286,708.41 | - |
M-1A | 1.91000% | 32,502,000.00 | 50,007.94 | - | - | - | 50,007.94 | 50,007.94 | - |
M-1H | 2.43000% | 32,000,000.00 | 64,800.00 | - | - | - | 64,800.00 | 64,800.00 | - |
M-2 | 2.91000% | 50,168,000.00 | 117,602.15 | - | - | - | 117,602.15 | 117,602.15 | - |
M-3 | 4.63500% | 7,167,000.00 | 27,682.54 | - | - | - | 27,682.54 | 27,682.54 | - |
M-4A | 4.12000% | 13,723,000.00 | 45,545.11 | - | - | - | 45,545.11 | 45,545.11 | - |
M-4F | 5.26200% | 3,000,000.00 | 13,155.00 | - | - | - | 13,155.00 | 13,155.00 | - |
M-5A | 5.37000% | 9,112,000.00 | 39,416.99 | - | - | - | 39,416.99 | 39,416.99 | - |
M-5F | 6.20000% | 10,000,000.00 | 51,666.67 | - | - | - | 51,666.67 | 51,666.67 | - |
C | 4.92988% | 923,218,491.98 | 3,713,487.62 | - | 0.00 | - | 3,713,487.62 | 3,713,487.62 | - |
P | | 100.00 | 646,866.40 | - | - | - | 646,866.40 | 646,866.40 | - |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,808,212,738.78 | 6,159,494.00 | - | 0.00 | - | 6,159,494.00 | 6,159,494.00 | - |
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| | | | | | | Page 3 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
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| Collection Account Report | | | |
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SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 6,151,178.24 | 16,394,128.20 | 22,545,306.44 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| TOTAL NET PRINCIPAL | | | | | 6,151,178.24 | 16,394,128.20 | 22,545,306.44 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 1,271,948.03 | 5,212,230.41 | 6,484,178.44 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 0.00 | 0.00 | 0.81 | | | |
| Interest Fees | | | | | (67,108.22) | (257,577.03) | (324,685.25) | | | |
| TOTAL NET INTEREST | | | | | 1,204,839.81 | 4,954,653.38 | 6,159,494.00 | | | |
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| TOTAL AVAILABL E FUNDS TO BONDHOLDERS | | | | | 7,356,018.05 | 21,348,781.58 | 28,704,800.44 | | | |
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PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | 147,791.43 | 540,365.40 | 688,156.83 | | | |
| Curtailments | | | | | 13,392.80 | (26,980.42) | (13,587.62) | | | |
| Prepayments in Full | | | | | 5,989,994.01 | 15,880,743.22 | 21,870,737.23 | | | |
| 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 | | | | | (17,851.25) | (70,578.08) | (88,429.33) | | | |
| Advanced Principal | | | | | 17,851.25 | 70,578.08 | 88,429.33 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 6,151,178.24 | 16,394,128.20 | 22,545,306.44 | | | |
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| | | | Page 4 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
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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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| | | &n bsp; | | | | | | | | |
| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 0.00 | 0.00 | 0.00 | | | |
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| | | | | | | | | | | |
INTEREST - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | 1,120,375.79 | 4,772,501.65 | 5,892,877.44 | | | |
| 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 | | | | | (710.53) | 0.00 | (710.53) | | | |
| Month End Interest (PPIS) | | | | | (14,616.98) | (55,414.27) | (70,031.25) | | | |
| Delinquent Interest | | | | | (153,736.16) | (759,730.70) | (913,466.86) | | | |
| Realized Losses | | &nbs p; | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 14,616.98 | 55,414.27 | 70,031.25 | | | |
| Other Interest Shortfall (Relief Act) | | | | | 0.00 | (794.89) | (794.89) | | | |
| Interest Advanced | | | | | 143,871.61 | 715,535.27 | 859,406.88 | | | |
| Prepayment Penalties | | | | | 162,147.32 | 484,719.08 | 646,866.40 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | | 1,271,948.03 | 5,212,230.41 | 6,484,178.44 | | | |
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| | | | Page 5 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | & nbsp; | | | | | |
| | | | | | | | | | | |
INTEREST - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
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| TOTAL OTHER ACCOUNT INTEREST | | | | | 0.00 | 0.00 | 0.81 | | | |
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INTEREST - FEES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 66,694.80 | 255,956.21 | 322,651.01 | | | |
| Trustee Fee | | | | | 413.42 | 1,620.82 | 2,034.24 | | | |
| | | | | | | | | | | |
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| TOTAL INTEREST OTHER FEES | | | | | 67,108.22 | 257,577.03 | 324,685.25 | | | |
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| | | | Page 6 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed 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 $1,00 0 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 | | | | | | | 0.81 | | | |
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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 | | | | | | | 19,112,122.59 | | | |
| Overcollateralized Amount | | | | | | | 19,112,122.59 | | | |
| Excess Overcollateralized Amount | | | | | | | 0.00 | | | |
| Overcollateralization Release Amount | | | | | 0.00 | 0.00 | 0.00 | | | |
| Overcollateralization Defi ciency Amount | | | | | | | 0.00 | | | |
| Extra Principal Distribution Amt | | | | | 0.00 | 0.00 | 0.00 | | | |
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| | | | Page 7 of 27 | | | &nbs p; | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | &nb sp; | | |
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COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 479 | 4696 | 5175 | | | |
| Prior | | | | | 446 | 4,500 | 4,946 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (14) | (93) | (107) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 432 | 4,407 | 4,839 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 198,697,518.45 | 756,887,704.14 | 955,585,222.59 | | | |
| Prior | | | | | 183,742,428.26 | 720,363,941.13 | 904,106,369.39 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (147,791.43) | (540,365.40) | (688,156.83) | | | |
| Partial and Full Voluntary Prepayments | | | | | (6,003,386.81) | (15,853,762.80) | (21,857,149.61) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 177,591,250.02 | 703,969,812.93 | 881,561,062.95 | | | |
| | | | | | | | | | | |
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 millions of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 8 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed C ertificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 7.338352% | 7.959580% | 7.830406% | | | |
| Weighted Average Coupon Prior | | | | | 7.326797% | 7.951462% | 7.823690% | | | |
| Weighted Average Coupon Current | | | | | 7.317041% | 7.950151% | 7.821483% | | | |
| Weighted Average Months to Maturity Original | | | | | 355 | 353 | 353 | | | |
| Weighted Average Months to Maturity Prior | | | | | 352 | 350 | 350 | | | |
| Weighted Average Months to Maturity Current | | | | | 351 | 349 | 349 | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | 355 | 353 | 353 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | 352 | 350 | 350 | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | 351 | 349 | 349 | | | |
| Weighted Average Seasoning Original | | | | | 4.96 | 4.80 | 4.84 | | | |
| Weighted Average Seasoning Prior | | | | | 7.96 | 7.80 | 7.83 | | | |
| Weighted Average Seasoning Current | | | | | 8.94 | 8.79 | 8.82 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | &nbs p; |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
WAC by Groups | Total WAC | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
WARAT by Groups | Total WARAT | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 9 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 5.219% | 5.626% | | | | |
| Weighted Average Margin Prior | | | | | 5.249% | 5.625% | | | | |
| Weighted Average Margin Current | | | | | 5.229% | 5.627% | | | | |
| Weighted Average Max Rate Original | | | | | 10.780% | 12.086% | | | | |
| Weighted Average Max Rate Prior | | | | | 10.835% | 12.079% | | | | |
| Weighted Average Max Rate Current | | | | | 10.783% | 12.082% | | | | |
| Weighted Average Min Rate Original | | | | | 5.552% | 6.451% | | | | |
| Weighted Average Min Rate Prior | | | | | 5.576% | 6.444% | | | | |
| Weighted Average Min Rate Current | | | | | 5.544% | 6.446% | | | | |
| Weighted Average Cap Up Original | | | | | 1.120% | 1.207% | | | | |
| Weighted Average Cap Up Prior | | | | | 1.127% | 1.207% | | | | |
| Weighted Average Cap Up Current | | | | | 1.122% | 1.208% | | | | |
| Weighted Average Cap Down Or iginal | | | | | 1.120% | 1.207% | | | | |
| Weighted Average Cap Down Prior | | | | | 1.127% | 1.207% | | | | |
| Weighted Average Cap Down Current | | | | | 1.122% | 1.208% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 66,694.80 | 255,956.21 | 322,651.01 | | | |
| Delinquent Servicing Fees | | | | | 9,864.54 | 44,195.43 | 54,059.97 | | | |
| TOTAL SERVICING FEES | | | | | 76,559.34 | 300,151.64 | 376,710.98 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 76,559.34 | 300,151.64 | 376,710.98 | | | |
| Compensating Month End Interest | | | | | 14,616.98 | 55,414.27 | 70,031.25 | | | |
| Delinquent Servicing Fees | | | | | (9,864.54) | (44,195.43) | (54,059.97) | | | |
| | | | | | | | | | | |
| COLLECTED SERVICING FEES | | | | | 81,311.78 | 311,370.48 | 392,682.26 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 14,616.98 | 55,414.27 | 70,031.25 | ; | | |
| | | | | | | | | | | &nbs p; |
| Total Advanced Interest | | | | | 143,871.61 | 715,535.27 | 859,406.88 | | | |
| | | | | | | | | | | |
| | &nb sp; | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Next One-Month LIBOR | | | | | | | 1.118750% | | | |
| Current One-Month LIBOR | | | | | | | 1.120000% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 27,171,459.14 | 10,792,711.54 | 4,225,971.98 | 42,190,142.66 | | | |
| | % Balance | | | 3.08% | 1.22% | 0.48% | 4.79% | | | |
| | # Loans | | | 156 | 58 | 30 | 244 | | | |
| | % # Loans | | | 3.22% | 1.20% | 0.62% | 5.04% | | | |
FORECLOSURE | | Balance | | - | - | - | 9,186,268.09 | 9,186,268.09 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.04% | 1.04% | | | |
| | # Loans | | - | - | - | 56 | 56 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.16% | 1.16% | | | |
BANKRUPTCY | | Balance | | - | 460,657.25 | 540,435.71 | 204,204.38 | 1,205,297.34 | | | |
| | % Balance | | 0.00% | 0.05% | 0.06% | 0.02% | 0.14% | | | |
| | # Loans | | - | 4 | 2 | 2 | 8 | | | |
| | % # Loans | | 0.00% | 0.08% | 0.04% | 0.04% | 0.17% | | | |
REO | | Balance | | - | - | - | 1,125,228.34 | 1,125,228.34 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.13% | 0.13% | | | |
| | # Loans | | - | - | - | 4 | 4 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.08% | 0.08% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 27,632,116.39 | 11,333,147.25 | 14,741,672.79 | 53,706,936.43 | | | |
| | % Balance | | 0.00% | 3.13% | 1.29% | 1.67% | 6.09% | | | |
| | # Loans | | - | 160 | 60 | 92 | 312 | | | |
| | % # Loans | | 0.00% | 3.31% | 1.24% | 1.90% | 6.45% | | | |
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 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 20,854,662.00 | 7,716,400.06 | 4,225,971.98 | 32,797,034.04 | | | |
| | % Balance | | | 2.96% | 1.10% | 0.60% | 4.66% | | | |
| | # Loans | | | 143 | 51 | 30 | 224 | | | |
| | % # Loans | | | 3.24% | 1.16% | 0.68% | 5.08% | | | |
FORECLOSURE | | Balance | | - | - | - | 7,358,857.56 | 7,358,857.56 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.05% | 1.05% | | | |
| | # Loans | | - | - | - | 51 | 51 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.16% | 1.16% | | | |
BANKRUPTCY | | Balance | | - | 460,657.25 | 76,111.60 | 204,204.38 | 740,973.23 | | | |
| | % Balance | | 0.00% | 0.07% | 0.01% | 0.03% | 0.11% | | | |
| | # Loans | | - | 4 | 1 | 2 | 7 | | | |
| | % # Loans | | 0.00% | 0.09% | 0.02% | 0.05% | 0.16% | | | |
REO | | Balance | | - | - | - | 312,050.92 | 312,050.92 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.04% | 0.04% | | | |
| | # Loans | | - | - | - | 2 | 2 | | | |
| | % # Loan s | | 0.00% | 0.00% | 0.00% | 0.05% | 0.05% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 21,315,319.25 | 7,792,511.66 | 12,101,084.84 | 41,208,915.75 | | | |
| | % Balance | | 0.00% | 3.03% | 1.11 % | 1.72% | 5.85% | | | |
| | # Loans | | - | 147 | 52 | 85 | 284 | | | |
| | % # Loans | | 0.00% | 3.34% | 1.18% | 1.93% | 6.44% | | | |
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 | | | |
| | | & nbsp; | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 12 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 6,316,797.14 | 3,076,311.48 | - | 9,393,108.62 | | | |
| | % Balance | | | 3.56% | 1.73% | 0.00% | 5.29% | | | |
| | # Loans | | | 13 | 7 | - | 20 | | | |
| | % # Loans | | | 3.01% | 1.62% | 0.00% | 4.63% | | | |
FORECLOSURE | | Balance | | - | - | - | 1,827,410.53 | 1,827,410.53 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.03% | 1.03% | | | |
| | # Loans | | - | - | - | 5 | 5 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.16% | 1.16% | | | |
BANKRUPTCY | | Balance | | - | - | 464,324.11 | - | 464,324.11 | | | |
| | % Balance | | 0.00% | 0.00% | 0.26% | 0.00% | 0.26% | | | |
| | # Loans | | - | - | 1 | - | 1 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.23% | 0.00% | 0.23% | | | |
REO | | Balance | | - | - | - | 813,177.42 | 813,177.42 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.46% | 0.46% | | | |
| | # Loans | | - | - | - | 2 | 2 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.46% | 0.46% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 6,316,797.14 | 3,540,635.59 | 2,640,587.95 | 12,498,020.68 | | | |
| | % Balance | | 0.00% | 3.56% | 1.99% | 1.49% | 7.04% | | | |
| | # Loans | | - | 13 | 8 | 7 | 28 | | | |
| | % # Loans | | 0.00% | 3.01% | 1.85% | 1.62% | 6.48% | | | |
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 | | | |
| | | | | | | | | | | |
&nbs p; | | | | | | | | | | | |
Total Foreclosure | Total Bankr uptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 13 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | &nbs p; | |
| REO Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| REO Report - Mortgage Loans that Become REO During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 3 | Loan Group 1 = Conform. Group; REO Book Value = Not Available | | | |
Total Original Principal Balance = 1,001,500.00 | Loan Group 2 = Non Conform. Group ; REO Book Value = Not Available | | | | | | | |
Total Current Balance = 996,196.38 | | | | | | | | |
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 | | | |
| | | |
11277167 1 | 184,000.00 | 183,018.96 | May-01-03 | 8.750% | TX - 80.00% | 360 | Jan-21-03 | | | |
11342655 2 | 399,000.00 | 396,977.02 | Apr-01-03 | 8.400% | TX - 100.00% | 360 | Feb-06-03 | | | |
11343240 2 | 418,500.00 | 416,200.40 | May-01-03 | 8.000% | TX - 90.00% | 360 | Feb-18-03 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Foreclosure Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 27 | | | | Loan Group 1 = Conform. Group | | | | | | | |
Total Original Principal Balance = 3,736,850.00 | | | | Loan Group 2 = Non Conform. Group | | | | | | | |
Total Current Balance = 3,719,049.62 | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
| | | |
11268380 1 | 83,300.00 | 83,042.73 | Jul-01-03 | 11.350% | NV - 66.64% | 360 | Jan-08-03 | | | |
11269164 1 | 183,750.00 | 182,347.28 | Jul-01-03 | 7.500% | CA - 75.0 0% | 360 | Dec-26-02 | | | |
11274486 1 | 146,250.00 | 145,360.43 | Jul-01-03 | 8.990% | CA - 75.00% | 360 | Jan-27-03 | | | |
11274999 1 | 91,000.00 | 90,625.43 | Jun-01-03 | 10.990% | OH - 65.00% | 360 | Nov-15-02 | | | |
11276631 1 | 50,700.00 | 50,506.10 | Jul-01-03 | 10.350% | CT - 65.00% | 360 | Jan-13-03 | | | &nb sp; |
11276854 1 | 182,700.00 | 181,600.25 | May-01-03 | 8.150% | CO - 90.00% | 360 | Jan-09-03 | | | |
11279122 1 | 195,000.00 | 193,883.82 | May-01-03 | 8.400% | MN - 73.03% | 360 | Jan-28-03 | | | |
11280427 1 | 128,800.00 | 128,376.31 | Jun-01-03 | 11.100% | NY - 70.00% | 360 | Jan-30-03 | | | |
11280492 1 | 128,000.00 | 127,347.41 | Jun-01-03 | 9.500% | NJ - 80.00% | 360 | Dec-20-02 | | | |
11284857 1 | 241,600.00 | 240,449.23 | May-01-03 | 9.300% | NY - 80.00% | 360 | Jan-31-03 | | | |
11285392 1 | 58,800.00 | 58,627.94 | Jul-01-03 | 11.600% | FL - 70.00% | 360 | Jan-22-03 | | | |
11287109 1 | 106,250.00 | 105,793.84 | Jul-01-03 | 9.800% | CT - 85.00% | 360 | Jan-24-03 | | | |
11289394 1 | 157,250.00 | 156,501.03 | Jun-01-03 | 9.300% | NJ - 85.00% | 360 | Jan-17-03 | | | |
11333134 1 | 76,000.00 | 75,569.66 | Jul-01-03 | 7.850% | AZ - 80.00% | 360 | Feb-11-03 | | | |
11333480 1 | 144,000.00 | 143,284.53 | May-01-03 | 8.500% | CO - 80.00% | 360 | Feb-14-03 | | | |
11334199 1 | 161,000.00 | 160,403.53 | Jul-01-03 | 10.500% | CA - 70.00% | 360 | Jan-27-03 | | | |
11334934 1 | 140,250.00 | 139,537.48 | Jul-01-03 | 8.390% | CA - 85.00% | 360 | Feb-07-03 | | | |
11334959 1 | 76,000.00 | 75,811.72 | Jun-01-03 | 11.800% | MA - 26.21% | 360 | Feb-24-03 | | | |
11335387 1 | 150,000.00 | 149,362.43 | Jul-01-03 | 9.990% | CA - 63.83% | 360 | Feb-12-03 | | | |
11335445 1 | 84,000.00 | 83,611.36 | Jun-01-03 | 8.850% | AR - 80.00% | 360 | Feb-07-03 | | | |
11340882 1 | 56,000.00 | 55,831.02 | Jun-01-03 | 10.900% | MI - 73.68% | 360 | Feb-12-03 | | | |
11345527 1 | 82,450.00 | 81,903.14 | Jul-01-03 | 8.700% | FL - 85.00% | 360 | Nov-21-02 | | | |
11350667 1 | 76,000.00 | 75,662.52 | Jun-01-03 | 9.050% | FL - 80.00% | 360 | Feb-24-03 | | | |
11352456 1 | 152,000.00 | 151,244.69 | Jul-01-03 | 8.500% | CT - 80.00% | 360 | Feb-21-03 | | | |
11353249 1 | 126,000.00 | 125,470.59 | Jul-01-03 | 8.650% | FL - 90.00% | 360 | Feb-26-03 | | | |
11357498 1 | 284,750.00 | 283,796.43 | Jul-01-03 | 10.400% | NV - 85.00% | 360 | Feb-12-03 | | | |
11349552 2 | 375,000.00 | 373,098.72 | May-01-03 | 8.400% | MA - 75.00% | 360 | Feb-07-03 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 15 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
& nbsp; | | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 14 | 93 | 107 | & nbsp; | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 14 | 93 | 107 | | &nb sp; | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 5,989,994.01 | 15,880,743.22 | 21,870,737.23 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 13,392.80 | (26,980.42) | (13,587.62) | | | |
| Total Prepayment Amount | | | | | 6,003,386.81 | 15,853,762.80 | 21,857,149.61 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 46 | 289 | 335 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 46 | 289 | 335 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 19,973,358.45 | 50,037,671.16 | 70,011,029.61 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 34,903.01 | 120,879.63 | 155,782.64 | | | |
| Total Prepayment Amount | | | | | 20,008,261.46 | 50,158,550.79 | 70,166,812.25 | | | |
| | | | | | | | | | | |
SPACE IN TENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Prepayments by Groups (in thousands of dollars) | Total Prepayments (in thousands of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 16 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| & nbsp; | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | 3.27% | 2.20% | 2.42% | | | |
| 3 Months Avg SMM | | | | | 2.76% | 1.85% | 2.04% | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 2.11% | 1.37% | 1.52% | | | |
| | | | | | | | | | | |
| CPR | | | | | 32.90% | 23.45% | 25.46% | | | |
| 3 Months Avg CPR | | | | | 28.54% | 20.09% | 21.89% | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 22.57% | 15.21% | 16.77% | | | |
| | | | | | | | | | | |
| PSA | | | | | 1840.29% | 1333.30% | 1443.00% | | | |
| 3 Months Avg PSA Approximation | | | | | 1794.31% | 1288.12% | 1397.85% | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 1622.35% | 1118.43% | 1227.43% | | | |
; | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CPR by Groups | Total CPR | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA by Groups | Total PSA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 17 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| 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 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 mon th 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)) | | &n bsp; | |
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 dates. | | | |
| | | | | | | | | | | |
| | | | Page 18 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | &nbs p; | | | |
| Fremont Home Loan Trust 2003-2 | | |
| Asset Backed 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 = 107 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 22,022,807.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 21,870,737.23 | | | | |
| &nb sp; | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | &n bsp; | | Current | State & | Type Prepayment | | | |
& | Loan | Principal | Prepaymen t | Prepayment | Note | LTV at | & | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Original Term | Date | | |
| | |
11267267 1 | | 141,000.00 | 140,412.77 | Oct-31-03 | 9.950% | CA - 60.00% | Paid Off - 360 | Nov-22-02 | | |
11267481 1 | | 198,250.00 | 197,536.51 | Oct-23-03 | 11.150% | CA - 65.00% | Paid Off - 360 | Nov-07-02 | | |
11267747 1 | | 107,000.00 | 106,046.46 | Oct-31-03 | 8.990% | CA - 100.00% | Paid Off - 360 | Dec-27-02 | | |
11268919 1 | | 160,000.00 | 159,491.95 | Oct-31-03 | 10.650% | CA - 69.57% | Paid Off - 360 | Jan-08-03 | | |
11270048 1 | | 220,000.00 | 218,664.82 | Oct-01-03 | 7.500% | CA - 80.00% | Paid Off - 360 | Jan-07-03 | | |
11270402 1 | | 160,550.00 | 159,575.67 | Oct-06-03 | 7.500% | CA - 95.00% | Paid Off - 360 | Dec-31-02 | | |
11270543 1 | | 336,000.00 | 333,858.16 | Oct-15-03 | 7.250% | CA - 80.00% | Paid Off - 360 | Jan-08-03 | | |
11271086 1 | | 279,000.00 | 277,482.20 | Oct-17-03 | 8.050% | CA - 90.00% | Paid Off - 360 | Jan-07-03 | | |
11271284 1 | | 308,000.00 | 306,394.36 | Oct-10-03 | 8.500% | CA - 80.00% | Paid Off - 360 | Jan-14-03 | | |
11271383 1 | | 196,000.00 | 194,685.60 | Oct-22-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Jan-14-03 | | |
11271979 1 | | 162,000.00 | 160,861.95 | Oct-28-03 | 6.750% | CA - 90.00% | Paid Off - 360 | Jan-08-03 | | |
11272704 1 | | 192,000.00 | 190,712.38 | Oct-02-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Jan-17-03 | | |
11273470 1 | | 137,600.00 | 136,583.60 | Oct-02-03 | 6.490% | CA - 80.00% | Paid Off - 360 | Jan-20-03 | | |
11273678 1 | | 250,010.00 | 248,077.24 | Oct-03-03 | 6.250% | CA - 89.29% | Paid Off - 360 | Jan-16-03 | | |
11276284 1 | | 228,750.00 | 227,975.80 | Oct-27-03 | 10.350% | IL - 75.00% | Paid Off - 360 | Jan-16-03 | | |
11276474 1 | | 150,000.00 | 149,158.54 | Oct-17-03 | 8.500% | CO - 75.00% | Paid Off - 360 | Dec-30-02 | | |
11277050 1 | | 91,200.00 | 90,657.28 | Oct-01-03 | 7.600% | WI - 80.00% | Paid Off - 360 | Dec-31-02 | | |
11278090 1 | | 166,500.00 | 165,672.71 | Oct-30-03 | 8.500% | MN - 90.00% | Paid Off - 360 | Jan-20-03 | | |
11278413 1 | | 243,540.00 | 242,174.73 | Oct-20-03 | 7.900% | MN - 88.56% | Paid Off - 360 | Jan-27-03 | | |
11279577 1 | | 178,430.00 | 177,369.08 | Oct-06-03 | 8.750% | FL - 70.00% | Paid Off - 360 | Nov-12-02 | | |
11280112 1 | | 188,000.00 | 187,450.09 | Oct-29-03 | 11.600% | NY - 65.96% | Paid Off - 360 | Nov-27-02 | | |
11281309 1 | | 84,000.00 | 83,578.78 | Oct-17-03 | 11.800% | FL - 70.00% | Paid Off - 360 | Dec-31-02 | | |
11282133 1 | | 120,000.00 | 119,397.71 | Oct-31-03 | 8.450% | NY - 32.70% | Paid Off - 360 | Jan-10-03 | | |
11282380 1 | | 118,400.00 | 117,687.09 | Oct-06-03 | 7.540% | FL - 80.00% | Paid Off - 360 | Jan-17-03 | | |
11282562 1 | | 184,000.00 | 182,958.19 | Oct-31-03 | 7.850% | NY - 80.00% | Paid Off - 360 | Jan-21-03 | | |
11282737 1 | | 188,000.00 | 187,165.21 | Oct-23-03 | 9.050% | RI - 80.00% | Paid Off - 360 | Jan-17-03 | | |
11283032 1 | | 119,000.00 | 118,490.26 | Oct-01-03 | 9.350% | VA - 70.00% | Paid Off - 360 | Jan-17-03 | | |
11283255 1 | | 112,000.00 | 111,476.50 | Oct-27-03 | 8.800% | CT - 80.00% | Paid Off - 360 | Jan-31-03 | | |
11283487 1 | | 122,500.00 | 122,106.83 | Oct-06-03 | 10.600% | FL - 70.00% | Paid Off - 360 | Jan-09-03 | | |
11283842 1 | | 171,000.00 | 170,101.69 | Oct-01-03 | 8.400% | PA - 90.00% | Paid Off - 360 | Jan-20-03 | | |
11283933 1 | | 107,000.00 | 106,493.43 | Oct-17-03 | 8.790% | VA - 43.15% | Paid Off - 360 | Jan-21-03 | | |
11284360 1 | | 228,000.00 | 221,643.40 | Oct-16-03 | 6.050% | MD - 80.00% | Paid Off - 180 | Jan-14-03 | | |
11284634 1 | | 195,000.00 | 194,194.49 | Oct-02-03 | 9.400% | NJ - 75.00% | Paid Off - 360 | Jan-27-03 | | |
11285491 1 | | 60,000.00 | 59,749.56 | Oct-09-03 | 9.350% | FL - 64.52% | Paid Off - 360 | Jan-21-03 | | |
11285913 1 | | 230,000.00 | 228,944.60 | Oct-22-03 | 8.890% | MD - 100.00% | Paid Off - 360 | Jan-22-03 | | |
11285970 1 | | 280,500.00 | 279,120.46 | Oct-30-03 | 8.550% | FL - 85.00% | Paid Off - 360 | Jan-23-03 | | |
11286242 1 | | 187,200.00 | 186,385.63 | Oct-28-03 | 9.150% | MD - 90.00% | Paid Off - 360 | Jan-27-03 | | |
11286382 1 | | 143,910.00 | 143,209.39 | Oct-16-03 | 8.600% | RI - 90.00% | Paid Off - 360 | Jan-31-03 | | |
11286390 1 | | 149,000.00 | 148,213.44 | Oct-15-03 | 8.200% | VA - 100.00% | Paid Off - 360 | Jan-31-03 | | |
11286416 1 | | 210,000.00 | 208,902.58 | Oct-29-03 | 8.250% | FL - 100.00% | Paid Off - 360 | Jan-31-03 | | |
11286721 1 | | 322,500.00 | 319,507.61 | Oct-31-03 | 6.600% | CA - 75.00% | Paid Off - 360 | Nov-11-02 | | |
11286945 1 | | 80,000.00 | 79,249.50 | Oct-06-03 | 6.500% | CA - 44.94% | Paid Off - 360 | Nov-12-02 | | |
11287323 1 | | 147,475.00 | 146,779.75 | Oct-10-03 | 9.350% | CA - 85.00% | Paid Off - 360 | Dec-26-02 | | |
11288826 1 | | 196,000.00 | 194,822.20 | Oct-22-03 | 7.550% | CA - 73.96% | Paid Off - 360 | Jan-21-03 | | |
| | | | | | | | | | | |
| | | | | Page 19 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-2 | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 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 | | |
| | |
11289006 1 | | 217,600.00 | 216,140.74 | Oct-30-03 | 6.990% | CA - 80.59% | Paid Off - 360 | Jan-07-03 | | |
11289535 1 | | 220,000.00 | 218,861.84 | Oct-08-03 | 8.300% | NJ - 80.00% | Paid Off - 360 | Jan-17-03 | | |
11290301 1 | | 84,500.00 | 84,295.23 | Oct-08-03 | 11.900% | CA - 65.00% | Paid Off - 360 | Jan-21-03 | | |
11290426 1 | | 216,000.00 | 214,809.53 | Oct-07-03 | 7.990% | CA - 80.00% | Paid Off - 360 | Jan-22-03 | | |
11290632 1 | | 168,000.00 | 166,907.91 | Oct-24-03 | 7.150% | KY - 80.00% | Paid Off - 360 | Jan-31-03 | | |
11330651 1 | | 140,250.00 | 139,189.65 | Oct-08-03 | 8.500% | CA - 85.00% | Paid Off - 360 | Sep-20-02 | | |
11332177 1 | | 168,500.00 | 166,866.95 | Oct-30-03 | 6.800% | AZ - 53.49% | Paid Off - 360 | Dec-26-02 | | |
11332631 1 | | 103,950.00 | 103,300.23 | Oct-10-03 | 7.350% | CA - 90.00% | Paid Off - 360 | Jan-15-03 | | |
11333068 1 | | 215,000.00 | 213,745.80 | Oct-20-03 | 7.700% | CA - 81.75% | Paid Off - 360 | Jan-27-03 | | |
11333183 1 | | 212,075.00 | 210,850.06 | Oct-01-03 | 7.750% | CA - 85.00% | Paid Off - 360 | Jan-23-03 | | |
11333274 1 | | 225,000.00 | 223,908.20 | Oct-08-03 | 9.250% | AZ - 56.96% | Paid Off - 360 | Jan-27-03 | | |
11333431 1 | | 115,000.00 | 114,593.61 | Oct-22-03 | 9.490% | CA - 64.25% | Paid Off - 360 | F eb-04-03 | | |
11333563 1 | | 192,950.00 | 191,644.57 | Oct-31-03 | 8.350% | CA - 85.00% | Paid Off - 360 | Jan-23-03 | | |
11334710 1 | | 292,000.00 | 290,597.96 | Oct-03-03 | 7.990% | CA - 80.00% | Paid Off - 360 | Feb-20-03 | | |
1133560 1 1 | | 236,900.00 | 235,447.90 | Oct-06-03 | 6.750% | CA - 40.15% | Paid Off - 360 | Feb-04-03 | | |
11335858 1 | | 129,000.00 | 126,859.54 | Oct-02-03 | 6.750% | CA - 49.62% | Paid Off - 360 | Feb-06-03 | | |
11338480 1 | | 250,750.00 | 249,2 82.91 | Oct-23-03 | 6.990% | CA - 85.00% | Paid Off - 360 | Feb-21-03 | | |
11338514 1 | | 161,910.00 | 161,339.10 | Oct-14-03 | 9.500% | AZ - 90.00% | Paid Off - 360 | Feb-25-03 | | |
11339363 1 | | 279,777.00 | 278,687.96 | Oct-16-03 | 8.250% | CA - 100.00% | Paid Off - 360 | Mar-26-03 | | |
11340692 1 | | 252,500.00 | 251,242.93 | Oct-01-03 | 8.490% | IL - 79.65% | Paid Off - 360 | Jan-30-03 | | |
11340866 1 | | 275,000.00 | 273,759.45 | Oct-28-03 | 8.300% | IL - 76.39% | Paid Off - 360 | Feb-03-03 | | |
11342754 1 | | 123,750.00 | 123,339.26 | Oct-01-03 | 9.790% | MN - 75.00% | Paid Off - 360 | Feb-21-03 | | |
11343125 1 | | 135,000.00 | 134,552.92 | Oct-29-03 | 9.800% | IL - 75.00% | Paid Off - 360 | Feb-13-03 | | |
11344156 1 | | 53,250.00 | 52,984.37 | Oct-09-03 | 7.800% | WI - 71.00% | Paid Off - 360 | Feb-24-03 | | |
11344180 1 | | 102,000.00 | 101,527.00 | Oct-10-03 | 8.490% | WI - 78.46% | Paid Off - 360 | Feb-24-03 | | |
11345121 1 | | 86,400.00 | 86,045.42 | Oct-03-03 | 7.990% | IL - 90.00% | Paid Off - 360 | Mar-26-03 | | |
11345279 1 | | 264,000.00 | 262,867.93 | Oct-02-03 | 8.550% | NY - 80.00% | Paid Off - 360 | Feb-18-03 | | |
11346418 1 | | 170,220.00 | 169,085.89 | Oct-27-03 | 7.640% | FL - 100.00% | Paid Off - 360 | Jan-03-03 | | |
11346525 1 | | 64,000.00 | 45,647.69 | Oct-14-03 | 8.850% | FL - 80.00% | Paid Off - 360 | Feb-12-03 | &nbs p; | |
11347440 1 | | 60,000.00 | 59,890.27 | Oct-02-03 | 12.550% | NY - 20.00% | Paid Off - 360 | Feb-14-03 | | |
11347648 1 | | 64,800.00 | 64,561.76 | Oct-30-03 | 9.300% | NY - 80.00% | Paid Off - 360 | Feb-07-03 | | |
11348240 1 | | 62,300.00 | 62,159.65 | Oct-06-03 | 11.600% | FL - 70.00% | Paid Off - 360 | Feb-20-03 | | |
11348463 1 | | 240,000.00 | 239,015.53 | Oct-07-03 | 7.990% | CT - 57.83% | Paid Off - 360 | Mar-17-03 | | |
11350154 1 | | 105,000.00 | 104,629.75 | Oct-16-03 | 9.500% | FL - 70.00% | Paid Off - 360 | Feb-03-03 | | |
11350212 1 | | 165,750.00 | 165,170.80 | Oct-20-03 | 9.550% | FL - 85.00% | Paid Off - 360 | Feb-11-03 | | |
11350733 1 | | 99,000.00 | 98,539.04 | Oct-27-03 | 9.750% | WV - 100.00% | Paid Off - 360 | Feb-20-03 | | |
11352233 1 | | 116,910.00 | 116,510.43 | Oct-30-03 | 9.650% | FL - 90.00% | Paid Off - 360 | Feb-19-03 | | |
11352415 1 | | 127,100.00 | 125,736.31 | Oct-21-03 | 11.040% | NY - 57.77% | Paid Off - 360 | Feb-21-03 | | |
11353058 1 | | 95,200.00 | 94,961.77 | Oct-09-03 | 11.100% | FL - 70.00% | Paid Off - 360 | Feb-24-03 | | |
11353116 1 | | 96,750.00 | 96,183.89 | Oct-20-03 | 6.990% | FL - 90.00% | Paid Off - 360 | Feb-28-03 | | |
11353132 1 | | 96,750.00 | 96,183.89 | Oct-20-03 | 6.990% | FL - 90.00% | Paid Off - 360 | Feb-28-03 | | |
11353363 1 | | 172,500.00 | 171,613.58 | Oct-03-03 | 7.650% | FL - 75.00% | Paid Off - 360 | Feb-28-03 | | |
11354130 1 | | 225,000.00 | 223,598.18 | Oct-17-03 | 9 .450% | CA - 69.23% | Paid Off - 360 | Sep-25-02 | | |
11355609 1 | | 260,000.00 | 258,191.01 | Oct-22-03 | 6.800% | CA - 63.41% | Paid Off - 360 | Jan-21-03 | | |
11355716 1 | | 259,000.00 | 257,381.50 | Oct-17-03 | 6.650% | NY - 79.94% | Paid Off - 360 | Feb-05- 03 | | |
11355773 1 | | 195,000.00 | 194,155.24 | Oct-09-03 | 8.500% | CA - 67.24% | Paid Off - 360 | Feb-18-03 | | |
11355880 1 | | 108,000.00 | 107,536.87 | Oct-01-03 | 8.550% | NY - 49.09% | Paid Off - 360 | Feb-19-03 | | |
11356045 1 | | 241,600.00 | 240,269.72 | Oct-06-03 | 7.990% | CA - 80.00% | Paid Off - 360 | Jan-27-03 | | |
11356623 1 | | 196,000.00 | 195,051.28 | Oct-06-03 | 7.950% | CA - 70.00% | Paid Off - 360 | Feb-04-03 | | |
11267168 2 | | 500,000.00 | 494,788.49 | Oct-27-03 | 5.875% | CA - 65.79% | Paid Off - 360 | Nov-22-02 | | |
11267366 2 | | 330,000.00 | 327,739.89 | Oct-30-03 | 7.500% | CA - 80.49% | Paid Off - 360 | Dec-11-02 | | |
11269453 2 | | 584,000.00 | 579,581.21 | Oct-03-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Dec-20-02 | | |
| | | | | | | | | | | |
| | | | | Page 20 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | &nbs p; | |
| Fremont Home Loan Trust 2003-2 | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 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 | | |
| | |
11273199 2 | | 408,750.00 | 405,878.50 | Oct-23-03 | 6.750% | CA - 75.00 % | Paid Off - 360 | Jan-15-03 | | |
11277993 2 | | 435,000.00 | 432,657.14 | Oct-02-03 | 8.100% | OH - 89.69% | Paid Off - 360 | Jan-27-03 | | |
11285509 2 | | 500,000.00 | 496,021.74 | Oct-28-03 | 7.450% | NY - 74.07% | Paid Off - 360 | Jan-31-03 | | |
11290145 2 | | 352,000.00 | 349,863.78 | Oct-24-03 | 7.500% | CA - 80.00% | Paid Off - 360 | Jan-22-03 | | |
11331013 2 | | 324,700.00 | 322,017.97 | Oct-06-03 | 7.600% | CA - 85.00% | Paid Off - 360 | Oct-25-02 | | |
11331161 2 | | 595,000.00 | 589,992.79 | Oct-27-03 | 7.000% | CA - 85.00% | Paid Off - 360 | Nov-18-02 | | |
11332011 2 | | 420,000.00 | 417,687.52 | Oct-23-03 | 7.990% | CA - 69.42% | Paid Off - 360 | Jan-14-03 | | |
11332276 2 | | 333,000.00 | 331,141.31 | Oct-08-03 | 8.050% | CA - 90.00% | Paid Off - 360 | Jan-08-03 | | |
11334090 2 | | 533,600.00 | 531,192.86 | Oct-24-03 | 8.300% | CA - 80.00% | Paid Off - 360 | Feb-03-03 | | |
11338571 2 | | 324,000.00 | 322,367.89 | Oct-29-03 | 7.750% | CA - 80.00% | Paid Off - 360 | Feb-20-03 | | |
11355906 2 | | 391,500.00 | 389,062.92 | Oct-14-03 | 6.670% | NY - 90.00% | Paid Off - 360 | Feb-18-03 | &n bsp; | |
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| | &nb sp; | | | Page 21 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
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COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TO TAL | | | |
| | | | | | | | | | &n bsp; | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Loans Liquidated | | | | | 1 | - | 1 | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | 68,068.00 | - | 68,068.00 | | | |
| Net Liquidation Proceeds | | | | | 260,918.13 | - | 260,918.13 | | | |
| | | | | | | | | | | |
| 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 | | | |
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| | | | Page 22 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | &nbs p; | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
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DEFAULT SPEEDS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| MDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg MDR | | | | | 0.06% | 0.00% | 0.01% | | | |
| 12 Months Avg MDR | | | | | | | | | | |
| Avg MDR Since Cut-off | | | | | 0.03% | 0.00% | 0.01% | | | |
| | | | | | | | | | | |
| CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg CDR | &n bsp; | | | | 0.68% | 0.00% | 0.14% | | | |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | 0.41% | 0.00% | 0.08% | | | |
| | | | | | | | | | | |
| SDA | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg SDA Approximation | | | | | 4.26% | 0.00% | 0.89% | | | |
| 12 Months Avg SDA Approximation | | | | | | | | | | |
| Avg SDA Since Cut-off Approximation | | | | | 2.92% | 0.00% | 0.61% | | | |
| | | | | | | | | | | |
| 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 | | | |
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| | | | Page 23 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed 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 | | | |
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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 (A vgCDRn,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. | | | |
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| | | | Page 24 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-2 | | |
| Asset Backed Certificates | | |
| | | |
| Realized Loss Detail Report for November 25, 2003 Distribution | | |
| | | |
| | | |
| Realized Loss Detail Report - Loans Liquidated During Current Distribution | | |
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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 | | |
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| | | | | Page 25 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution | | | |
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| 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 | | | | | | | 3.010056% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 19.553465% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 20.053531% | | | |
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ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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ADDITIONAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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| | | | Page 26 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Additional Certificate Report for November 25, 2003 Distribution | | | |
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| Additional Certificate Report | | | |
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| | | |
| CLASS | | | | Relief Act Interest Shortfalls | Net WAC Rate Carryover Amt | Unpaid Realized Loss Amt | Interest Carry Forward Amt | | | |
| | | | | | | | | | | |
| A-1 | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| A-2 | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-1A | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-1H | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-2 | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-3 | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-4A | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-4F | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-5A | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-5F | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| C | | | | 794.89 | 0.00 | 0.00 | 0.00 | | | |
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| | | | Page 27 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |