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| Fremont Home Loan Trust 2003-2 |
| Asset Backed Certificates |
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| |
| December 26, 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: December 26, 2003 | | | |
| Underwriter(s): | | RBS Greenwich Capital | | | | | Record Date: December 24, 2003 | | | |
| | | | | | | | November 28, 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 Paym ent Report for December 26, 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 | 563,898,064.16 | 1,071,406.32 | 19,906,769.15 | 20,978,175.47 | - | - | 543,991,295.01 |
A-2 | FTV | 161,938,000.00 | 140,878,776.20 | 274,713.61 | 4,311,626.55 | 4,586,340.16 | - | - | 136,567,149.65 |
M-1A | MEZ | 32,502,000.00 | 32,502,000.00 | 53,421.78 | - | 53,421.78 | - | - | 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 | 125,658.65 | - | 125,658.65 | - | - | 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 | 48,671.38 | - | 48,671.38 | - | - | 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 | 42,125.60 | - | 42,125.60 | - | - | 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 | 3,597,289.93 | - | 3,597,289.93 | - | - | 19,112,122.59 |
P | EXE | 100.00 | 100.00 | 638,450.56 | - | 638,450.56 | - | - | 100.00 |
R | R | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 955,585,222.59 | 881,561,062.95 | 6,009,042.04 | 24,218,395.70 | 30,227,437.74 | - | - | 857,342,667.25 |
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| Interest Accrual Detail | | | | Current Period Factor Information per $1,00 0 of Original Face | | | | | | |
| | | | | | Orig. Principal | Prior | | | | Current |
| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
Class | Starting | Ending | Me thod | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
A-1 | | | A-30/360 | 35729PAX8 | 616,863,000.00 | 914.138251 | 1.736863 | 32.270973 | 34.007836 | 881.867278 |
A-2 | | | A-30/360 | 35729PAY6 | 161,938,000.00 | 869.955021 | 1.696412 | 26.625169 | 28.321581 | 843.329852 |
M-1A | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBA7 | 32,502,000.00 | 1,000.000000 | 1.643646 | - | 1.643646 | 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 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBB5 | 50,168,000.00 | 1,000.000000 | 2.504757 | - | 2.504757 | 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 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBD1 | 13,723,000.00 | 1,000.000000 | 3.546701 | - | 3.546701 | 1,000.000000 |
M-4F | | | F-30/360 | 35729PBE9 | 3,000,000.00 | 1,000.000000 | 4.385000 | - | 4.385000 | 1,000.00000 0 |
M-5A | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBF6 | 9,112,000.00 | 1,000.000000 | 4.623090 | - | 4.623090 | 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 | 924.054210 | 3.690674 | - | 3.690674 | 899.207117 |
P | | | - | | 100.00 | 1,000.000000 | 6,384,505.600000 | - | 6,384,505.600000 | 1,000.000000 |
R | | | - | | - | - | - | - | - | - |
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| | | | & nbsp; | | | | | | | |
| | | | | | | Page 2 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-2 |
| Asset Backed Certificates |
| Series 2003-2 |
| Certificate Payment Report for December 26, 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 | 6,790,229.43 | 69,582,343.54 | 3,289,361.45 | 72,871,704.99 | 79,661,934.42 | - | - | 543,991,295.01 |
A-2 | 161,938,000.00 | 1,790,764.04 | 24,456,410.38 | 914,439.97 | 25,370,850.35 | 27,161,614.39 | - | - | 136,567,149.65 |
M-1A | 32,502,000.00 | 312,270.87 | - | - | - | 312,270.87 | - | - | 32,502,000.00 |
M-1H | 32,000,000.00 | 388,800. 00 | - | - | - | 388,800.00 | - | - | 32,000,000.00 |
M-2 | 50,168,000.00 | 737,021.91 | - | - | - | 737,021.91 | - | - | 50,168,000.00 |
M-3 | 7,167,000.00 | 166,095.24 | - | - | - | 166,095.24 | - | - | 7,167,000.00 |
M-4A | 13,723,000.00 | 286,013.52 | - | - | - | 286,013.52 | - | - | 13,723,000.00 |
M-4F | 3,000,000.00 | 78,930.00 | - | - | - | 78,930.00 | - | - | 3,000,000.00 |
M-5A | 9,112,000.00 | 247,810.64 | - | - | - | 247,810.64 | - | - | 9,112,000.00 |
M-5F | 10,000,000.00 | 310,000.02 | - | - | - | 310,000.02 | - | - | 10,000,000.00 |
C | 19,112,122.59 | 22,695,748.00 | - | - | - | 22,695,748.00 | - | - | 19,112,122.59 |
P | 100.00 | 2,522,271.53 | - | - | - | 2,522,271.53 | - | - | 100.00 |
R | - | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 955,585,222.59 | 36,325,955.20 | 94,038,753.92 | 4,203,801.42 | 98,242,555.34 | 134,568,510.54 | - | - | 857,342,667.25 |
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& nbsp; | | | | | | | | | | | |
| 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% | 563,898,064.16 | 1,071,406.32 | - | - | - | 1,071,406.32 | 1,071,406.32 | - |
A-2 | 2.34000% | 140,878,776.20 | 274,713.61 | - | - | - | 274,713.61 | 274,713.61 | - |
M-1A | 1.90875% | 32,502,000.00 | 53,421.78 | - | - | - | 53,421.78 | 53,421.78 | - |
M-1H | 2.43000% | 32,000,000.00 | 64,800.00 | - | - | - | 64,800.00 | 64,800.00 | - |
M-2 | 2.90875% | 50,168,000.00 | 125,658.65 | - | - | - | 125,658.65 | 125,658.65 | - |
M-3 | 4.63500% | 7,167,000.00 | 27,682.54 | - | - | - | 27,682.54 | 27,682.54 | - |
M-4A | 4.11875% | 13,723,000.00 | 48,671.38 | - | - | - | 48,671.38 | 48,671.38 | - |
M-4F | 5.26200% | 3,000,000.00 | 13,155.00 | - | - | - | 13,155.00 | 13,155.00 | - |
M-5A | 5.36875% | 9,112,000.00 | 42,125.60 | - | - | - | 42,125.60 | 42,125.60 | - |
M-5F | 6.20000% | 10,000,000.00 | 51,666.67 | - | - | - | 51,666.67 | 51,666.67 | - |
C | 4.89779% | 900,673,185.54 | 3,597,289.93 | - | - | - | 3,597,289.93 | 3,597,289.93 | 0.01 |
P | | 100.00 | 638,450.56 | - | - | - | 638,450.56 | 638,450.56 | - |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 1,763,122,125.90 | 6,009,042.04 | - | - | - | 6,009,042.04 | 6,009,042.04 | 0.01 |
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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 December 26, 2003 Distribution | | | |
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| Collection Account Report | | | |
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SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 4,311,626.55 | 19,906,769.15 | 24,218,395.70 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| TOTAL NET PRINCIPAL | | | | | 4,311,626.55 | 19,906,769.15 | 24,218,395.70 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 1,164,594.05 | 5,150,241.09 | 6,314,835.14 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Fees | | | | | (62,821.09) | (242,972.01) | (305,793.10) | | | |
| TOTAL NET INTEREST | | | | | 1,101,772.96 | 4,907,269.08 | 6,009,042.04 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | 5,413,399.51 | 24,814,038.23 | 30,227,437.74 | | | |
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PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | 145,419.13 | 530,021.03 | 675,440.16 | | | |
| Curtailments | | | | | 3,280.83 | (19,474.08) | (16,193.25) | | | |
| Prepayments in Full | | | | | 4,162,926.59 | 19,396,222.20 | 23,559,148.79 | | | |
| 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 | | | | | (21,068.56) | (84,814.93) | (105,883.49) | | | |
| Advanced Principal | | | | | 21,068.56 | 84,814.93 | 105,883.49 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 4,311,626.55 | 19,906,769.15 | 24,218,395.70 | | | |
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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 December 26, 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 | | | | | 1,082,683.83 | 4,658,002.35 | 5,740,686.18 | | | |
| Repurchases/Substitutions | | | | | 0.00 | 0.00 | 0.00 | | | |
| Liquidations | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Additional Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Month End Interest (PPIS) | | | | | (17,475.34) | (61,114.99) | (78,590.33) | | | |
| Delinquent Interest | | | | | (180,402.57) | (883,118.43) | (1,063,521.00) | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 17,475.34 | 61,114.99 | 78,590.33 | | | |
| Other Interest Shortfall (Relief Act) | | | | | 0.00 | (794.07) | (794.07) | | | |
| Interest Advanced | | | | | 168,827.72 | 831,185.75 | 1,000,013.47 | | | |
| Prepayment Penalties | | | | | 93,485.07 | 544,965.49 | 638,450.56 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | | 1,164,594.05 | 5,150,241.09 | 6,314,835.14 | | | |
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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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | &nbs p; | | | | | |
| | | | | | | | | | | |
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 | 0.00 | | | |
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INTEREST - FEES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 62,421.51 | 241,388.08 | 303,809.59 | | | |
| Trustee Fee | | | | | 399.58 | 1,583.93 | 1,983.51 | | | |
| | | | | | | | | | | |
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| TOTAL INTEREST OTHER FEES | | | | &nb sp; | 62,821.09 | 242,972.01 | 305,793.10 | | | |
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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 December 26, 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 b alance | | | | | | | 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 | | | | | | | 0.00 | | | |
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INSURANCE | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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| | | | | | | | | | | & nbsp; |
STRUCTURAL FEATURES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
&n bsp; | | | |
| Overcollateralization Target Amount | | | | | | | 19,112,122.59 | | | |
| Overcollateralized Amount | | | | | | | 19,112,122.59 | | | |
| Excess Overcollateralized Amount | | | | | | | 0.00 | | | |
& nbsp; | Overcollateralization Release Amount | | | | | 0.00 | 0.00 | 0.00 | | | |
| Overcollateralization Deficie ncy Amount | | | | | | | 0.00 | | | |
| Extra Principal Distribution Amt | | | | | 0.00 | 0.00 | 0.00 | | | |
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| | | | Page 7 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
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COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 479 | 4696 | 5175 | | | |
| Prior | | | | | 432 | 4,407 | 4,839 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (10) | (109) | (119) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 422 | 4,298 | 4,720 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 198,697,518.45 | 756,887,704.14 | 955,585,222.59 | | | |
| Prior | | | | | 177,591,250.02 | 703,969,812.93 | 881,561,062.95 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (145,419.13) | (530,021.03) | (675,440.16) | | | |
| Partial and Full Voluntary Prepayments | | & nbsp; | | | (4,166,207.42) | (19,376,748.12) | (23,542,955.54) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 173,279,623.47 | 684,063,043.78 | 857,342,667.25 | | | |
| | | | | | | | | | | |
PREFUNDING | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | &nb sp; | | | |
Current Prin Balance by Groups (in millions of dollars) | Total Current Principal Balance (in millions of dollars) | | | |
| | | & nbsp; | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 8 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certi ficates | | | |
| | | | |
| Collateral Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 7.338352% | 7.959580% | 7.830406% | | | |
| Weighted Average Coupon Prior | | | | | 7.317041% | 7.950151% | 7.821483% | | | |
| Weighted Average Coupon Current | | | | | 7.315792% | 7.940117% | 7.814346% | | | |
| Weighted Average Months to Maturity Original | | | | | 355 | 353 | 353 | | | |
| Weighted Average Months to Maturity Prior | | | | | 351 | 349 | 349 | | | |
| Weighted Average Months to Maturity Current | | | | | 350 | 348 | 348 | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | 355 | 353 | 353 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | 351 | 349 | 349 | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | 350 | 348 | 348 | | | |
| Weighted Average Seasoning Original | | | | | 4.96 | 4.80 | 4.84 | | | |
| Weighted Average Seasoning Prior | | | | | 8.94 | 8.79 | 8.82 | | | |
| Weighted Average Seasoning Current | | | | | 9.95 | 9.79 | 9.83 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
WAC by Groups | Total WAC | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
WARAT by Groups | Total WARAT | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 9 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 5.219% | 5.626% | | | | |
| Weighted Average Margin Prior | | | | | 5.229% | 5.627% | | | | |
| Weighted Average Margin Current | | | | | 5.248% | 5.622% | | | | |
| Weighted Average Max Rate Original | | | | | 10.780% | 12.086% | | | | |
| Weighted Average Max Rate Prior | | | | | 10.783% | 12.082% | | | | |
| Weighted Average Max Rate Current | | | | | 10.817% | 12.065% | | | | |
| Weighted Average Min Rate Original | | | | | 5.552% | 6.451% | | | | |
| Weighted Average Min Rate Prior | | | | | 5.544% | 6.446% | | | | |
| Weighted Average Min Rate Current | | | | | 5.559% | 6.434% | | | | |
| Weighted Average Cap Up Original | | | | | 1.120% | 1.207% | | | | |
| Weighted Average Cap Up Prior | | | | | 1.122% | 1.208% | | | | |
&nb sp; | Weighted Average Cap Up Current | | | | | 1.127% | 1.207% | | | | |
| Weighted Average Cap Down Origin al | | | | | 1.120% | 1.207% | | | | |
| Weighted Average Cap Down Prior | | | | | 1.122% | 1.208% | | | | |
| Weighted Average Cap Down Current | | | | | 1.127% | 1.207% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 62,421.51 | 241,388.08 | 303,809.59 | | | |
| Delinquent Servicing Fees | | | | | 11,574.85 | 51,932.68 | 63, 507.53 | | | |
| TOTAL SERVICING FEES | | | | | 73,996.36 | 293,320.76 | 367,317.12 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 73,996.36 | 293,320.76 | 367,317.12 | | | |
| Compensating Month End Interest | | | | | 17,475.34 | 61,114.99 | 78,590.33 | | | |
| Delinquent Servicing Fees | | | | | (11,574.85) | (51,932.68) | (63,507.53) | | | |
| | | | | | | | | | | |
| COLLECTED SERVICING FEES | | | | | 79,896.85 | 302,503.07 | 382,399.92 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 17,475.34 | 61,114.99 | 78,590.33 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | 168,827.72 | 831,185.75 | 1,000,013.47 | | | |
| | | | | | | | | | | |
| | &nb sp; | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Next One-Month LIBOR | | | | | | | 1.141250% | | | |
| Current One-Month LIBOR | | | | | | | 1.118750% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 32,690,018.40 | 11,473,311.87 | 7,666,210.76 | 51,829,541.03 | | | |
| | % Balance | | | 3.81% | 1.34% | 0.89% | 6.05% | | | |
| | # Loans | | | 192 | 68 | 45 | 305 | | | |
| | % # Loans | | | 4.07% | 1.44% | 0.95% | 6.46% | | | |
FORECLOSURE | | Balance | | - | - | - | 11,412,689.78 | 11,412,689.78 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.33% | 1.33% | | | |
| | # Loans | | - | - | - | 70 | 70 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.48% | 1.48% | | | |
BANKRUPTCY | | Balance | | - | 433,267.16 | - | 1,602,210.88 | 2,035,478.04 | | | |
| | % Balance | | 0.00% | 0.05% | 0.00% | 0.19% | 0.24% | | | |
| | # Loans | | - | 4 | - | 9 | 13 | | | |
| | % # Loans | | 0.00% | 0.08% | 0.00% | 0.19% | 0.28% | | | |
REO | | Balance | | - | - | - | 1,318,260.75 | 1,318,260.75 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.15% | 0.15% | | | |
| | # Loans | | - | - | - | 5 | 5 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.11% | 0.11% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 33,123,285.56 | 11,473,311.87 | 21,999,372.17 | 66,595,969.60 | | | |
| | % Balance | | 0.00% | 3.86% | 1.34% | 2.57% | 7.77% | | | |
| | # Loans | | - | 196 | 68 | 129 | 393 | | | |
| | % # Loans | | 0.00% | 4.15% | 1.44% | 2.73% | 8.33% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | | | | | | | &nb sp; | | |
| | | | | | | | 6 Months Moving Average | | | &nbs p; |
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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 27,837,367.19 | 9,359,944.82 | 6,382,573.12 | 43,579,885.13 | | | |
| | % Balance | | | 4.07% | 1.37% | 0.93% | 6.37% | | | |
| | # Loans | | | 181 | 63 | 42 | 286 | | | |
| | % # Loans | | | 4.21% | 1.47% | 0.98% | 6.65% | | | |
FORECLOSURE | | Balance | | - | - | - | 9,076,594.88 | 9,076,594.88 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.33% | 1.33% | | | |
| | # Loans | | - | - | - | 64 | 64 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.49% | 1.49% | | | |
BANKRUPTCY | | Balance | | - | 433,267.16 | - | 800,826.56 | 1,234,093.72 | | | |
| | % Balance | | 0.00% | 0.06% | 0.00% | 0.12% | 0.18% | | | |
| | # Loans | | - | 4 | - | 7 | 11 | | | |
| | % # Loans | | 0.00% | 0.09% | 0.00% | 0.16% | 0.26% | | | |
REO | | Balance | | - | - | - | 505,640.37 | 505,640.37 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.07% | 0.07% | | | |
| | # Loans | | - | - | - | 3 | 3 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.07% | 0.07% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 28,270,6 34.35 | 9,359,944.82 | 16,765,634.93 | 54,396,214.10 | | | |
| | % Balance | | 0.00% | 4.13% | 1.37% | 2.45% | 7.95% | | | |
| | # Loans | | - | 185 | 63 | 116 | 364 | | | |
| | % # Loans | | 0.00% | 4.30% | 1.47% | 2.70% | 8.47% | | | |
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 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Gr oup | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 4,852,651.21 | 2,113,367.05 | 1,283,637.64 | 8,249,655.90 | | | |
| | % Balance | | | 2.80% | 1.22% | 0.74% | 4.76% | | | |
| | # Loans | | | 11 | 5 | 3 | 19 | | | |
| | % # Loans | | | 2.61% | 1.18% | 0.71% | 4.50% | | | |
FORECLOSURE | | Balance | | - | - | - | 2,336,094.90 | 2,336,094.90 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 1.35% | 1.35% | | | |
| | # Loans | | - | - | - | 6 | 6 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 1.42% | 1.42% | | | |
BANKRUPTCY | | Balance | | - | - | - | 801,384.32 | 801,384.32 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.46% | 0.46% | | | |
| | # Loans | | - | - | - | 2 | 2 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.47% | 0.47% | | | |
REO | | Balance | | - | - | - | 812,620.38 | 812,620.38 | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.47% | 0.47% | | | |
| | # Loans | | - | - | - | 2 | 2 | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.47% | 0.47% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 4,852,651.21 | 2,113,367.05 | 5,233,737.24 | 12,199,755.50 | | | |
| | % Balance | | 0.00% | 2.80% | 1.22% | 3.02% | 7.04% | | | |
| | # Loans | | - | 11 | 5 | 13 | 29 | | | |
| | % # Loans | | 0.00% | 2.61% | 1.18% | 3.08% | 6.87% | | | |
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 Bankruptc y 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 | | | |
| | | | |
| REO Report for December 26, 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 = 195,000.00 | Loan Group 2 = Non Conform. Group; RE O Book Value = Not Available | | | | | | | |
Total Current Balance = 193,755.42 | | | | | | | | |
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 | | | |
| | | |
11279122 1 | 195,000.00 | 193,755.42 | May-01-03 | 8.400% | MN - 73.03% | 360 | Jan-28-03 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Foreclosure Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 24 | | | | Loan Group 1 = Conform. Group | | | | | | | |
Total Original Principal Balance = 4,200,750.00 | | | | Loan Group 2 = Non Conform. Group | | | | | | | |
Total Current Balance = 4,172,960.96 | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
| | | |
11270816 1 | 225,250.00 | 223,812.41 | Aug-01-03 | 8.400% | CA - 85.00% | 360 | Jan-03-03 | | | |
11271623 1 | 106,400.00 | 10 5,693.00 | Aug-01-03 | 8.200% | AZ - 80.00% | 360 | Jan-03-03 | | | |
11272001 1 | 141,000.00 | 139,985.48 | Aug-01-03 | 7.800% | CA - 74.21% | 360 | Jan-09-03 | | | |
11272308 1 | 199,500.00 | 197,977.02 | Aug-01-03 | 7.500% | CA - 75.00% | 360 | Jan-07-03 | | | |
11277035 1 | 249,600.00 | 248,022.86 | Aug-01-03 | 8.450% | WA - 80.00% | 360 | Dec-31-02 | | | |
11281028 1 | 73,500.00 | 73,259.94 | Jun-01-03 | 11.600% | FL - 70.00% | 360 | Jan-06-03 | | | |
11281473 1 | 132,000.00 | 131,649.02 | Jul-01-03 | 12.540% | NJ - 60.00% | 360 | Jan-06-03 | | | |
11282877 1 | 96,050.00 | 95,424.45 | Aug-01-03 | 8.300% | FL - 85.00% | 360 | Jan-27-03 | | | |
11283545 1 | 170,000.00 | 168,957.97 | Jul-01-03 | 8.600% | NJ - 89.95% | 360 | Jan-17-03 | | | |
11283560 1 | 60,200.00 | 60,011.69 | Jul-01-03 | 11.800% | FL - 70.00% | 360 | Jan-21-03 | | | |
11284055 1 | 125,100.00 | 124,376.40 | Aug-01-03 | 8.900% | FL - 90.00% | 360 | Jan-10-03 | | | |
11287935 1 | 260,800.00 | 258,135.11 | Aug-01-03 | 6.500% | CA - 80.00% | 360 | Dec-23-02 | | | |
11330867 1 | 151,200.00 | 149,970.18 | Aug-01-03 | 8.800% | CA - 80.00% | 360 | Oct-04-02 | | | |
11332144 1 | 255,000.00 | 252,748.04 | Aug-01-03 | 6.750% | CA - 83.61% | 360 | Jan-06-03 | | | |
11332540 1 | 72,000.00 | 71,657.05 | Aug-01-03 | 9.300% | MI - 80.00% | 360 | Feb-24-03 | | | |
11334306 1 | 260,000.00 | 258,541.56 | Aug-01-03 | 8.500% | CA - 80.00% | 360 | Jan-30-03 | | | |
11341566 1 | 247,200.00 | 245,256.65 | Jul-01-03 | 7.350% | WI - 80.00% | 360 | Jan-31-03 | | | |
11347192 1 | 72,250.00 | 71,840.82 | May-01-03 | 8.990% | FL - 85.00% | 360 | Feb-04-03 | | | |
11348133 1 | 60,800.00 | 60,462.35 | Aug - -01-03 | 8.550% | FL - 80.00% | 360 | Feb-03-03 | | | |
11354429 1 | 58,200.00 | 58,009.38 | Aug-01-03 | 12.050% | CT - 52.91% | 360 | Dec-18-02 | | | |
11355633 1 | 128,700.00 | 128,153.20 | Aug-01-03 | 9.850% | CT - 90.00% | 360 | Feb-21-03 | | | |
11357753 1 | 202,500.00 | 201,664.57 | Aug-01-03 | 9.990% | CA - 75.00% | 360 | Feb-07-03 | | | |
11288859 2 | 489,500.00 | 485,614.03 | Aug-01-03 | 7.300% | CA - 81.58% | 360 | Jan-14-03 | | | |
11337433 2 | 364,000.00 | 361,737.78 | Aug-01-03 | 7.990% | CA - 80.00% | 360 | Feb-18-03 | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 15 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 10 | 109 | 119 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 10 | 109 | 119 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 4,162,926.59 | 19,396,222.20 | 23,559,148.79 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 3,280.83 | (19,474.08) | (16,193.25) | | | |
| Total Prepayment Amount | | | | | 4,166,207.42 | 19,376,748.12 | 23,542,955.54 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 56 | 398 | 454 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 56 | 398 | 454 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 24,136,285.04 | 69,433,893.36 | 93,570,178.40 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | 38,183.84 | 101,405.55 | 139,589.39 | | | |
| Total Prepayment Amount | | | | | 24,174,468.88 | 69,535,298.91 | 93,709,767.79 | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY 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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | 2.35% | 2.75% | 2.67% | | | |
| 3 Months Avg SMM | | | | | 2.81% | 2.32% | 2.42% | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 2.15% | 1.60% | 1.71% | | | |
| | | | | | | | | | | |
| CPR | | | | | 24.81% | 28.48% | 27.75% | | | |
| 3 Months Avg CPR | | | | | 28.93% | 24.59% | 25.49% | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 22.94% | 17.58% | 18.71% | | | |
| | | | | | | | | | | |
| PSA | | | | | 1247.08% | 1453.83% | 1412.34% | | | |
| 3 Months Avg PSA Approximation | | | | | 1617.06% | 1397.74% | 1444.16% | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 1539.20% | 1204.37% | 1276.20% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| 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 December 26, 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 month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m) | | | |
Average CPR ove r 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 dates. | | | |
| | | | | | | | | | | |
| | | | Page 18 of 27 | | | | © CO PYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | &nb sp; |
| | | | | | | | | | | |
| Fremont Home Loan Trus t 2003-2 | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for December 26, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 119 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 23,701,190.19 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 23,559,148.79 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | |
| | |
11267499 1 | | 153,000.00 | 151,760.89 | Nov-05-03 | 7.700% | NV - 90.00% | Paid Off - 360 | Nov-19-02 | | |
11267648 1 | | 217,600.00 | 216,097.45 | Nov-25-03 | 8.500% | CA - 89.99% | Paid Off - 360 | Nov-19-02 | | |
11268802 1 | | 117,000.00 | 116,290.02 | Nov-04-03 | 8.650% | CT - 90.00% | Paid Off - 360 | Dec-16-02 | | |
11269735 1 | | 96,000.00 | 95,355.27 | Nov-06-03 | 7.600% | CA - 80.00% | Paid Off - 360 | Jan-13-03 | | |
11269842 1 | | 234,000.00 | 232,545.73 | Nov-05-03 | 7.990% | CA - 90.17% | Paid Off - 360 | Jan-02-03 | | |
11270139 1 | | 169,000.00 | 167,721.26 | Nov-05-03 | 6.990% | CA - 62.13% | Paid Off - 360 | Jan-02-03 | | |
11270238 1 | | 140,000.00 | 138,804.11 | Nov-14-03 | 7.500% | CA - 80.00% | Paid Off - 360 | Dec-11-02 | | |
11271201 1 | | 171,000.00 | 169,780.66 | Nov-29-03 | 7.750% | CA - 89.53% | Paid Off - 360 | Jan-20-03 | | |
11271433 1 | | 184,100.00 | 183,362.69 | Nov-29-03 | 11.650% | CA - 70.00% | Paid Off - 360 | Jan-03-03 | | |
11271458 1 | | 208,000.00 | 206,489.18 | Nov-21-03 | 7.200% | CA - 80.00% | Paid Off - 360 | Jan-07-03 | | |
11271961 1 | | 183,000.00 | 181,920.40 | Nov-24-03 | 8.250% | CA - 100.00% | Paid Off - 360 | Jan-09-03 | | |
11272407 1 | | 130,500.00 | 129,688.91 | Nov-03-03 | 7.990% | CA - 90.00% | Paid Off - 360 | Jan-17-03 | | |
11272431 1 | | 225,442.00 | 224,419.32 | Nov-20-03 | 10.650% | CA - 70.00% | Paid Off - 360 | Jan-14-03 | | |
11272456 1 | | 272,000.00 | 270,474.23 | Nov-14-03 | 8.500% | CA - 80.00% | Paid Off - 360 | Jan-27-03 | | |
11272860 1 | | 243,750.00 | 242,161.02 | Nov-04-03 | 7.750% | CA - 65.00% | Paid Off - 360 | Jan-15-03 | | |
11272910 1 | | 207,000.00 | 205,741.50 | Nov-11-03 | 8.100% | CA - 90.00% | Paid Off - 360 | Jan-17-03 | | |
11274288 1 | | 144,800.00 | 143,704.36 | Nov-24-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Jan-22-03 | | |
11274650 1 | | 155,000.00 | 153,648.38 | Nov-03-03 | 6.250% | CA - 39.24% | Paid Off - 360 | Jan-27-03 | | |
11276516 1 | | 200,000.00 | 198,518.66 | Nov-18-03 | 7.100% | IL - 62.50% | Paid Off - 360 | Jan-16-03 | | |
11276722 1 | | 93,600.00 | 93,245.80 | Nov-26-03 | 10.400% | OH - 80.00% | Paid Off - 360 | Jan-02-03 | | |
11278207 1 | | 268,000.00 | 265,976.04 | Nov-19-03 | 7.000% | CO - 71.47% | Paid Off - 360 | Jan-16-03 | | |
11278959 1 | | 198,550.00 | 197,342.84 | Nov-18-03 | 8.100% | IL - 95.00% | Paid Off - 360 | Jan-24-03 | | |
11280054 1 | | 153,000.00 | 151,829.85 | Nov-25-03 | 7.990% | FL - 90.00% | Paid Off - 360 | Nov-22-02 | | |
11280724 1 | | 135,000.00 | 134,510.38 | Nov-29-03 | 10.600% | NJ - 75.00% | Paid Off - 360 | Jan-09-03 | | |
11280872 1 | | 100,000.00 | 99,444.72 | Nov-04-03 | 8. 550% | NJ - 20.53% | Paid Off - 360 | Dec-31-02 | | |
11281515 1 | | 132,000.00 | 131,324.36 | Nov-19-03 | 8.950% | NH - 100.00% | Paid Off - 360 | Jan-28-03 | | |
11283016 1 | | 276,000.00 | 274,540.34 | Nov-04-03 | 8.790% | NJ - 80.00% | Paid Off - 360 | Jan-15- 03 | | |
11284188 1 | | 243,750.00 | 242,340.64 | Nov-07-03 | 8.350% | NY - 75.00% | Paid Off - 360 | Jan-27-03 | | |
11284352 1 | | 198,000.00 | 196,616.97 | Nov-29-03 | 7.400% | CT - 90.00% | Paid Off - 360 | Jan-22-03 | | |
11284626 1 | | 108,500.00 | 114,836.29 | Nov-07-03 | 8.000% | FL - 70.00% | Paid Off - 360 | Jan-13-03 | | |
11285152 1 | | 172,000.00 | 171,110.55 | Nov-29-03 | 8.900% | NC - 100.00% | Paid Off - 360 | Jan-17-03 | | |
11285541 1 | | 119,000.00 | 118,318.85 | Nov-13-03 | 8.400% | FL - 100.00% | Paid Off - 360 | Jan-28-03 | | |
11286564 1 | | 100,440.00 | 99,467.87 | Nov-29-03 | 7.250% | WA - 80.00% | Paid Off - 360 | Oct-30-02 | | |
11286895 1 | | 148,500.00 | 147,656.71 | Nov-17-03 | 9.500% | CA - 90.00% | Paid Off - 360 | Nov-12-02 | | |
11287315 1 | | 175,000.00 | 173,902.52 | Nov-13-03 | 8.490% | CA - 98.87% | Paid Off - 360 | Dec-04-02 | | |
11287968 1 | | 187,500.00 | 186,240.84 | Nov-04-03 | 7.600% | NJ - 65.79% | Paid Off - 360 | Jan-03-03 | | |
11288248 1 | | 227,800.00 | 225,994.55 | Nov-14-03 | 6.750% | CA - 85.00% | Paid Off - 360 | Jan-06-03 | | |
11289139 1 | | 194,400.00 | 193,055.40 | Nov-29-03 | 7.450% | CA - 80.00% | Paid Off - 360 | Jan-08-03 | | |
11290319 1 | | 280,000.00 | 278,331.43 | Nov-06-03 | 8.200% | CA - 80.00% | Paid Off - 360 | Jan-22-03 | | |
11330800 1 | | 175,200.00 | 173,241.66 | Nov-24-03 | 6.500% | CA - 80.00% | Paid Off - 360 | Oct-28-02 | | |
11330842 1 | | 300,471.19 | 297,365.37 | Nov-04-03 | 7.375% | CA - 75.31% | Paid Off - 359 | Aug-02-02 | | |
11331328 1 | | 296,000.00 | 293,504.18 | Nov-24-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Dec-16-02 | | |
11331377 1 | | 225,700.00 | 223,501.24 | Nov-20-03 | 6.750% | CA - 69.45% | Paid Off - 360 | Nov-23-02 | | |
11331476 1 | | 200,000.00 | 198,846.56 | Nov-29-03 | 8.900% | ME - 80.00% | Paid Off - 360 | Dec-17-02 | | |
| | | | | | | | | | | |
| | | | | Page 19 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-2 | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for December 26, 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 | | |
| | |
11331625 1 | | 213,000.00 | 211,089.18 | Nov-20-03 | 6.100% | CA - 76.07% | Paid Off - 360 | Jan-08-03 | | |
11331849 1 | | 332,500.00 | 330,312.86 | Nov-05-03 | 8.250% | CA - 70.00% | Paid Off - 360 | Dec-18-02 | | |
11331997 1 | | 135,000.00 | 134,018.97 | Nov-14-03 | 7.750% | OH - 90.00% | Paid Off - 360 | Dec-20-02 | | |
11332052 1 | | 129,600.00 | 128,851.40 | Nov-26-03 | 7.750% | FL - 80.00% | Paid Off - 360 | Feb-10-03 | | |
11332383 1 | | 216,000.00 | 214,375.64 | Nov-06-03 | 6.500% | CA - 88.16% | Paid Off - 360 | Jan-29-03 | | |
11332755 1 | | 279,000.00 | 277,463.89 | Nov-03-03 | 7.990% | CA - 90.00% | Paid Off - 360 | Feb-12-03 | | |
11333084 1 | | 100,000.00 | 99,507.77 | Nov-29-03 | 9.650% | CA - 76.92% | Paid Off - 360 | Jan-28-03 | | |
11333605 1 | | 271,700.00 | 270,130.71 | Nov-14-03 | 7.750% | CA - 95.00% | Paid Off - 360 | Feb-20-03 | | |
11333670 1 | | 104,000.00 | 103,194.89 | Nov-26-03 | 6.500% | CA - 80.00% | Paid Off - 360 | Feb-03-03 | | |
11334140 1 | | 256,000.00 | 254,940.28 | Nov-17-03 | 9.390% | AR - 80.00% | Paid Off - 360 | Feb-12-03 | | |
11334785 1 | | 308,000.00 | 306,290.59 | Nov-25-03 | 7.950% | CA - 80.00% | Paid Off - 360 | Jan-29-03 | | |
11335189 1 | | 208,800.00 | 207,333.13 | Nov-06-03 | 6.750% | CA - 80.00% | Paid Off - 360 | Feb-05-03 | | |
11335817 1 | | 100,300.00 | 99,680.81 | Nov-04-03 | 8.500% | CA - 82.55% | Paid Off - 360 | Feb-07-03 | | |
11335957 1 | | 187,000.00 | 185,745.91 | Nov-20-03 | 6.990% | CA - 89.47% | Paid Off - 360 | Feb-06-03 | | |
11336559 1 | | 162,000.00 | 161,089.53 | Nov-17-03 | 7.900% | CA - 60.00% | Paid Off - 360 | Feb-10-03 | | |
11336658 1 | | 250,400.00 | 249,010.25 | Nov-19-03 | 7.950% | CA - 80.00% | Paid Off - 360 | Feb-13-03 | | |
11336773 1 | | 158,400.00 | 157,232.43 | Nov-29-03 | 6.500% | CA - 80.00% | Paid Off - 360 | Feb-07-03 | | |
11337086 1 | | 261,250.00 | 259,483.52 | Nov-04-03 | 7.500% | CA - 95.00% | Paid Off - 360 | Feb-12-03 | | |
11337383 1 | | 192,000.00 | 190,515.72 | Nov-25-03 | 6.250% | CA - 80.00% | Paid Off - 360 | Feb-14-03 | | |
11337516 1 | | 156,000.00 | 155,060.66 | Nov-06-03 | 7.540% | CO - 80.00% | Paid Off - 360 | Feb-24-03 | | |
11337706 1 | | 152,250.00 | 151,250.62 | Nov-21-03 | 7.100% | CA - 75.00% | Paid Off - 360 | Feb-12-03 | | |
11337730 1 | | 123,840.00 | 123,224.66 | Nov-17-03 | 8.500% | NV - 90.00% | Paid Off - 360 | Feb-14-03 | | |
11338159 1 | | 141,600.00 | 140,650.41 | Nov-29-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Feb-20-03 | | |
11338167 1 | | 308,000.00 | 305,934.49 | Nov-24-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Feb-21-03 | | |
11338829 1 | | 251,600.00 | 249,950.42 | Nov-06-03 | 6.400% | CA - 80.00% | Paid Off - 360 | Mar-07-03 | | |
11338886 1 | | 172,000.00 | 171,043.52 | Nov-07-03 | 7.250% | CA - 80.00% | Paid Off - 360 | Mar-10-03 | | |
11339439 1 | | 193,600.00 | 192,467.28 | Nov-21-03 | 6.990% | CA - 83.63% | Paid Off - 360 | Mar-26-03 | | |
113 41400 1 | | 308,950.00 | 306,548.12 | Nov-18-03 | 6.850% | IL - 77.04% | Paid Off - 360 | Jan-29-03 | | |
11341749 1 | | 54,400.00 | 54,165.07 | Nov-21-03 | 8.540% | MI - 80.00% | Paid Off - 360 | Feb-26-03 | | |
11341780 1 | | 211,200.00 | 210,105.16 | Nov-05-03 | 8.290% | IL - 80.00% | Paid Off - 360 | Feb-14-03 | | |
11342010 1 | | 225,000.00 | 223,990.51 | Nov-11-03 | 9.000% | NY - 75.00% | Paid Off - 360 | Jan-29-03 | | |
11343133 1 | | 116,000.00 | 115,611.52 | Nov-26-03 | 10.400% | NJ - 80.00% | Paid Off - 360 | Feb-18-03 | | |
11343356 1 | | 79,600.00 | 79,188.17 | Nov-06-03 | 8.300% | OH - 80.00% | Paid Off - 360 | Feb-17-03 | | |
11343737 1 | | 217,500.00 | 216,304.87 | Nov-29-03 | 8.000% | IL - 75.00% | Paid Off - 360 | Feb-21-03 | | |
11344610 1 | | 160,967.00 | 160,125.75 | Nov-07-03 | 8.250% | CO - 80.00% | Paid Off - 360 | Feb-28-03 | | |
11345444 1 | | 240,000.00 | 238,376.88 | Nov-29-03 | 9.050% | FL - 80.00% | Paid Off - 360 | Oct-21-02 | | |
11345493 1 | | 152,100.00 | 151,186.34 | Nov-26-03 | 8.700% | RI - 90.00% | Paid Off - 360 | Dec-05-02 | | |
11346574 1 | | 141,750.00 | 140,906.52 | Nov-21-03 | 7.600% | NC - 90.00% | Paid Off - 360 | Jan-30-03 | | |
11347077 1 | | 150,000.00 | 149,183.76 | Nov-29-03 | 8.650% | MI - 71.43% | Paid Off - 360 | Jan-28-03 | | |
11347242 1 | | 172,500.00 | 171,903.67 | Nov-29-03 | 10.250% | NY - 75.00% | Paid Off - 360 | Feb-10-03 | | |
11347499 1 | | 77,600.00 | 77,002.47 | Nov-05-03 | 6.900% | NJ - 80.00% | Paid Off - 360 | Feb-05-03 | | |
11347713 1 | | 204,000.00 | 202,901.26 | Nov-26-03 | 8.100% | NJ - 62.77% | Paid Off - 180 | Feb-03-03 | | |
11348232 1 | | 69,000.00 | 68,787.81 | Nov-11-03 | 10.800% | FL - 60.00% | Paid Off - 360 | Jan-31-03 | | |
11348679 1 | | 268,000.00 | 266,357.47 | Nov-15-03 | 7.450% | NY - 80.00% | Paid Off - 360 | Feb-28-03 | | |
11349016 1 | | 75,000.00 | 74,819.37 | Nov-20-03 | 11.930% | MA - 22.06% | Paid Off - 360 | Feb-10-03 | | |
11349404 1 | | 188,500.00 | 188,056.95 | Nov-29-03 | 12.040% | MA - 65.00% | Paid Off - 360 | Feb-13-03 | | |
11349578 1 | | 217,000.00 | 216,209.16 | Nov-03-03 | 10.000% | FL - 70.00% | Paid Off - 360 | Feb-07-03 | | |
11350279 1 | | 71,500.00 | 71,182.51 | Nov-26-03 | 9.050% | FL - 65.00% | Paid Off - 360 | Feb-14-03 | | |
11350501 1 | | 285,000.00 | 283,386.35 | Nov-24-03 | 7.850% | NY - 63.33% | Paid Off - 360 | Feb-07-03 | | |
11350535 1 | | 50,000.00 | 49,780.21 | Nov-13-03 | 9.100% | FL - 45.45% | Paid Off - 360 | Feb-13-03 | | |
11351235 1 | | 124,800.00 | 124,198.50 | Nov-11-03 | 8.650% | FL - 80.00% | Paid Off - 360 | Feb-18-03 | | |
11353272 1 | | 80,000.00 | 79,745.43 | Nov-05-03 | 9.990% | CT - 57.97% | Paid Off - 360 | Mar-18-03 | | |
| | | | | | | | | | | |
| | | | | Page 20 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-2 | | &n bsp; |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for December 26, 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 | | |
| | |
11353470 1 | | 150,000.00 | 149,501.52 | Nov-29-03 | 9.790% | MA - 58.82% | Paid Off - 360 | Mar-07-03 | | |
11353751 1 | | 163,438.00 | 162,751.27 | Nov-29-03 | 8.650% | FL - 85.00% | Paid Off - 360 | Mar-28-03 | | |
11353785 1 | | 147,000.00 | 146,454.00 | Nov-19-03 | 9.250% | FL - 100.00% | Paid Off - 360 | Mar-26-03 | | |
11355559 1 | | 110,000.00 | 108,872.73 | Nov-29-03 | 8.490% | CA - 72.13% | Paid Off - 360 | Jan-24-03 | | |
11355930 1 | | 186,300.00 | 185,530.43 | Nov-13-03 | 9.400% | CA - 90.00% | Paid Off - 360 | Feb-03-03 | | |
11356086 1 | | 120,000.00 | 119,339.23 | Nov-29-03 | 7.990% | CA - 80.00% | Paid Off - 360 | Feb-05-03 | | |
11356185 1 | | 285,000.00 | 283,048.03 | Nov-14-03 | 7.500% | CA - 74.03% | Paid Off - 360 | Jan-27-03 | | |
11357050 1 | | 160,000.00 | 158,902.80 | Nov-03-03 | 6.875% | CA - 80.00% | Paid Off - 360 | Feb-04-03 | | |
11357423 1 | | 163,000.00 | 161,889.57 | Nov-19-03 | 6.990% | CA - 54.33% | Paid Off - 360 | Feb-05-03 | | |
11357571 1 | | 93,000.00 | 92,748.65 | Nov-03-03 | 11.400% | CA - 63.27% | Paid Off - 360 | Feb-12-03 | | |
11357605 1 | | 216,000.00 | 214,882.51 | Nov-29-03 | 8.300% | CA - 80.00% | Paid Off - 360 | Feb-18-03 | | |
11358173 1 | | 100,000.00 | 99,439.39 | Nov-26-03 | 7.900% | CA - 17.09% | Paid Off - 360 | Feb-14-03 | | |
11358280 1 | | 152,800.00 | 151,958.70 | Nov-21-03 | 7.990% | CA - 80.00% | Paid Off - 360 | Feb-18-03 | | |
11287430 2 | | 405,000.00 | 401,935.58 | Nov-03-03 | 6.990% | NH - 9 0.00% | Paid Off - 360 | Jan-15-03 | | |
11332235 2 | | 440,000.00 | 436,670.86 | Nov-05-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Jan-24-03 | | |
11332706 2 | | 441,000.00 | 438,526.29 | Nov-03-03 | 8.500% | CA - 90.00% | Paid Off - 360 | Jan-24-03 | | |
11334769 2 | | 540,000.00 | 536,624.72 | Nov-15-03 | 7.350% | NV - 90.00% | Paid Off - 360 | Feb-24-03 | | |
11335551 2 | | 369,000.00 | 366,525.47 | Nov-07-03 | 6.990% | CA - 90.00% | Paid Off - 360 | Feb-04-03 | | |
11338332 2 | | 406,800.00 | 403,801.55 | Nov-05-03 | 6.500% | CA - 90.00% | Paid Off - 360 | Feb-19-03 | | |
11345956 2 | | 400,000.00 | 397,164.46 | Nov-24-03 | 7.875% | NJ - 80.00% | Paid Off - 360 | Dec-17-02 | | |
11347630 2 | | 350,900.00 | 348,723.84 | Nov-12-03 | 7.390% | ME - 90.00% | Paid Off - 360 | Feb-14-03 | | |
11355435 2 | | 488,750.00 | 485,532.21 | Nov-24-03 | 7.700% | CA - 85.00% | Paid Off - 360 | Jan-24-03 | | |
11358223 2 | | 349,392.00 | 347,421.61 | Nov-03-03 | 7.900% | CA - 80.00% | Paid Off - 360 | Feb-13-03 | | |
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| | | | | Page 21 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Lo an Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
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COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | &nb sp; | | | |
| 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 | | | |
| | | ; | | | | | | | | |
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| 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 | | | |
| Fremont Home Loan Trust 2003-2 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for December 26, 2003 Distribution | | | |
&nb sp; | | | | |
| | | | |
| 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 | | | | | 0.00% | 0.00% | 0.00% | | | |
| 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 | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | 0.34% | 0.00% | 0.07% | | | |
| | | | | | | | | | | |
| 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 | | | | | 2.27% | 0.00% | 0.48% | | | |
| | | | | | | | | | | |
| Loss Severity Approximat ion for Current Period | | | |
| 3 Months Avg Loss Severity Approximation | | | |
| 12 Months Avg Loss Severity Approximation | | | |
| Avg Loss Severity Approximation Since Cut-off | | | |
| | | | | | | &n bsp; | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
CDR by Groups | Total CDR | | | |
| | | | | | | | | | | |
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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 | & nbsp; | | |
| | | | |
| Realized Loss Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
CDR Avg since Cut-Off by Groups | Total CDR Avg since Cut-Off | | | |
| | | | | | | | | | | |
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SDA Avg since Cut-Off by Groups | Total SDA Avg since Cut-Off | | | |
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| | | | | | | | | | &nbs p; | |
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY | | | |
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | | | |
Conditional Default Rate (CDR): 1-((1-MDR)^12) | | | |
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) | | | |
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m) | | | |
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12) | | | |
Average SDA Approximation over period between the nth month and mth month: | | | |
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) | | | |
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m) | | | |
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 | | | |
| & nbsp; | | | | | | | | | | |
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| Fremont Home Loan Trust 2003-2 | | |
| Asset Backed Certificates | | |
| | | |
| Realized Loss Detail Report for December 26, 2003 Distribution | | |
| | | |
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| 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 December 26, 2003 Distribution | | | |
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| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
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TRIGGER EVENTS | | | | | | NON CONFOR M. | CONFORM. | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | | | | | | | 3.954772% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 20.053531% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 20.620008% | | | |
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ADJUSTABLE RATE CERTIFICATE INFORMAT ION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | & nbsp; |
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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 December 26, 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 | | | | 794.07 | 0.00 | 0.00 | 0.01 | | | |
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| | | | Page 27 of 27 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |