| | | | | | | | | | | |
| Soundview Home Loan Trust 2003-1 |
| Asset Backed Certificates |
| |
| |
| November 25, 2003 Distribution |
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| Contents |
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| | | | | | | &n bsp; | | | | |
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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 | | | | 12 | | | |
| | | 8. | Foreclosure Report | | | | 13 | | | |
| | | 9. | Prepayment Report | | | | 14 | | | |
| | | 10. | Prepayment Detail Report | | | | 17 | | | |
| | | 11. | Realized Loss Report | | | | 20 | | | |
| | | 12. | Realized Loss Detail Report | | | | 23 | | | |
| | | 13. | Triggers, Adj. Rate Cert. and Miscellaneous Report | | | | 24 | | | |
| | | 14. | Additional Certificate Report | | | | 25 | | | |
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| | | | Total Number of Pages | | | | 25 | | | |
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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 | | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
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ISSUANCE INFORMATION | | | | | | | | | | | |
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| Seller: | | Greenwich Capital Financial Products, I n | | | | | Cut-Off Date: July 15, 2003 | | | |
| Certificate Insurer(s): | | | | | | | Closing Date: August 15, 2003 | | | |
| | | | | | | | First Payment Date: August 25, 2003 | | | |
| Servicer(s): | | Litton Loan Servicing Master Servicer | | | | | | | | |
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| | | | | | | | Distribution Date: November 25, 2003 | | | |
| Underwriter(s): | | Greenwich Capital Markets | | | | | Record Date: November 24, 2003 | | | |
| | | | | | | | October 31, 2003 | | | |
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| | | | | | Page 1 of 25 | | | | | © COPYRIGHT 2003 Deutsche Bank |
| Soundview Home Loan Trust 2003-1 |
| Asset Backed Certificates |
| Series 2003-1 |
| Certificate Payment 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 | | 216,582,000.00 | 189,024,532.26 | 239,063.53 | 11,892,430.87 | 12,131,494.40 | - | - | 177,132,101.39 |
M-1 | | 19,149,000.00 | 19,149,000.00 | 30,388.40 | - | 30,388.40 | - | - | 19,149,000.00 |
M-2 | | 17,432,000.00 | 17,432,000.00 | 47,323.04 | - | 47,323.04 | - | - | 17,432,000.00 |
M-3 | | 3,302,000.00 | 3,302,000.00 | 12,288.94 | - | 12,288.94 | - | - | 3,302,000.00 |
M-4 | | 3,302,000.00 | 3,302,000.00 | 13,618.92 | - | 13,618.92 | - | - | 3,302,000.00 |
M-5 | | 2,905,000.00 | 2,905,00 0.00 | 13,151.58 | - | 13,151.58 | - | - | 2,905,000.00 |
C | | 1,452,974.36 | 1,452,974.36 | 0.00 | - | 0.00 | - | - | 2,921,666.99 |
S | | - | - | 325,654.61 | - | 325,654.61 | - | - | - |
R | | - | - | - | - | - | - | - | - |
R-X | | - | - | - | - | - | - | - | - |
ARR1 | | 1,788,679.19 | 81,046.93 | - | 31,497.32 | 31,497.32 | - | - | 49,549.61 |
ARR2 | | 2,221,150.56 | 1,881,724.75 | - | 149,112.50 | 149,112.50 | - | - | 1,732,612.25 |
| | | | | | | | | |
| | | | | | | | | |
Total | | 268,134,804.11 | 238,530,278.30 | 681,489.02 | 12,073,040.69 | 12,754,529.71 | - | - | 227,925,930.24 |
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| | | | | | | | | | | |
| Interest Accrual Detail | | | | Current Period Factor Information per $1,000 of Original Face | | | | | | |
| | | | | | Orig. Principal | Prior | | | | Current |
| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
Class | Starting | Ending | Method | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
A | 10/27/03 | 11/24/03 | A-Act/360 | 83611MAA6 | 216,582,000.00 | 872.761967 | 1.103801 | 54.909599 | 56.013401 | 817.852367 |
M-1 | 10/27/03 | 11/24/03 | A-Act/360 | 83611 MAD0 | 19,149,000.00 | 1,000.000000 | 1.586944 | - | 1.586944 | 1,000.000000 |
M-2 | 10/27/03 | 11/24/03 | A-Act/360 | 83611MAE8 | 17,432,000.00 | 1,000.000000 | 2.714722 | - | 2.714722 | 1,000.000000 |
M-3 | 10/27/03 | 11/24/03 | A-Act/360 | 83611MAK4 | 3,302,000.00 | 1,000.000000 | 3.721666 | - | 3.721666 | 1,000.000000 |
M-4 | 10/27/03 | 11/24/03 | A-Act/360 | 83611MAH1 | 3,302,000.00 | 1,000.000000 | 4.124446 | - | 4.124446 | 1,000.000000 |
M-5 | 10/27/03 | 11/24/03 | A-Act/360 | 83611MAJ7 | 2,905,000.00 | 1,000.000000 | 4.527222 | - | 4.527222 | 1,000.000000 |
C | | | F-30/360 | | 265,577,948.36 | 896.235860 | 0.000000 | - | 0.000000 | 862.516774 |
S | | | F-30/360 | 83611MAF5 | 42,830,505.00 | 912.400018 | 7.603333 | - | 7.603333 | 884.900017 |
R | | | - | 83611MAG3 | - | - | - | - | - | - |
R-X | | | - | 83611MAL2 | - | - | - | - | - | - |
ARR1 | | | - | | 1,788,679.19 | 45.311049 | - | 17.609262 | 17.609262 | 27.701787 |
ARR2 | | | - | | 2,221,150.56 | 847.184691 | - | 67.133000 | 67.133000 | 7 80.051691 |
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| | | | | | | Page 2 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Soundview Home Loan Trust 2003-1 |
| Asset Backed Certificates |
| Series 2003-1 |
| Certificate Payment Report for November 25, 2003 Distribution |
| | | | | | | | | | | |
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| 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 | 216,582,000.00 | 896,294.21 | 38,484,274.73 | 965,623.88 | 39,449,898.61 | 40,346,192.82 | - | - | 177,132,101.39 |
M-1 | 19,149,000.00 | 106,665.26 | - | - | - | 106,665.26 | - | - | 19,149,000.00 |
M-2 | 17,432,000.00 | 166,248.02 | - | - | - | 166,248.02 | - | - | 17,432,000.00 |
M-3 | 3,302,000.00 | 43,185.56 | - | - | - | 43,185.56 | - | - | 3,302,000.00 |
M-4 | 3,302,000.00 | 47,863.42 | - | - | - | 47,863.42 | - | - | 3,302,000.00 |
M-5 | 2,905,000.00 | 46,224.20 | - | - | - | 46,224.20 | - | - | 2,905,000.00 |
C | 1,452,974.36 | 0.00 | - | - | - | 0.00 | - | - | 2,921,666.99 |
S | - | 1,364,508.52 | - | - | - | 1,364,508.52 | - | - | - |
R | - | 5,060,584.08 | - | - | - | 5,060,584.08 | - | - | - |
R-X | - | - | - | - | - | - | - | - | - |
ARR1 | 1,788,679.19 | - | - | 1,739,129.58 | 1,739,129.58 | 1,739,129.58 | - | - | 49,549.61 |
ARR2 | 2,221,150.56 | - | - | 488,538.31 | 488,538.31 | 488,538.31 | - | - | 1,732,612.25 |
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| | | | | | | | | |
Total | 268,134,804.11 | 7,731,573.27 | 38,484,274.73 | 3,193,291.77 | 41,677,566.50 | 49,409,139.77 | - | - | 227,925,930.24 |
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| | | | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| Pass- | Prior Principal | | Non- | Prior | Unscheduled | | Paid or | Current |
| Through | (with Notional) | Accrued | Supported | Unpaid | Interest | Optimal | Deferred | Unpaid |
Class | Rate | Balance | Interest | Interest SF | Interest | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
A | 1.57000% | 189,024,532.26 | 239,063.53 | - | - | - | 239,063.53 | 239,063.53 | - |
M-1 | 1.97000% | 19,149,000.00 | 30,388.40 | - | - | - | 30,388.40 | 30,388.40 | - |
M-2 | 3.37000% | 17,432,000.00 | 47,323.04 | - | - | - | 47,323.04 | 47,323.04 | - |
M-3 | 4.62000% | 3,302,000.00 | 12,288.94 | - | - | - | 12,288.94 | 12,288.94 | - |
M-4 | 5.12000% | 3,302,000.00 | 13,618.92 | - | - | - | 13,618.92 | 13,618.92 | - |
M-5 | 5.62000% | 2,905,000.00 | 13,151.58 | - | - | - | 13,151.58 | 13,151.58 | - |
C | 7.45001% | 238,020,480.98 | 0.00 | - | 1,468,692.63 | - | 0.00 | 0.00 | 1,468,692.63 |
S | ######## | 39,078,553.53 | 325,654.61 | - | - | - | 325,654.61 | 325,654.61 | - |
R | | - | - | - | - | - | - | - | - |
R-X | | - | - | - | - | - | - | - | - |
ARR1 | | 81,046.93 | - | - | - | - | - | - | - |
ARR2 | | 1,881,724.75 | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 514,176,338.45 | 681,489.02 | - | 1,468,692.63 | - | 681,489.02 | 681,489.02 | 1,468,692.63 |
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| | | & nbsp; | | | | | | | | |
| | | | | | | Page 3 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
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| Collection Account Report | | | |
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SUMMARY | | | | | | | | TOTAL | | | |
| | | |
| Principal Collections | | | | | | | 10,423,738.24 | | | |
| Principal Withdrawals | | | | | | | 0.00 | | | |
| Principal Other Accounts | | | | | | | 180,609.82 | | | |
| TOTAL NET PRINCIPAL | | | | | | | 10,604,348.06 | | | |
| | | | | | | | | | | |
; | Interest Collections | | | | | | | 2,227,781.56 | | | |
| Interest Withdrawals | | | | | | | 0.00 | | | |
| Interest Other Accounts | | | | | | | 0.00 | | | |
| Interest Fees | | | | | | | (77,599.91) | | | |
| TOTAL NET INTEREST | | | | | | | 2,150,181.65 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | | | 12,754,529.71 | | | |
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PRINCIPAL - COLLE CTIONS | | | | | | | | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | | | 227,478.76 | | | |
| Curtailments | | | | | | | (666.29) | | | |
| Prepayments in Full | | | | | | | 10,196,925.77 | | | |
| Repurchases/Substitutions Shortfalls | | | | | | | 0.00 | | | |
| Liquidations | | | | | | | 0.00 | | | |
| Insurance Principal | | | | | | | 0.00 | | | |
| Other Additional Principal | | | | | | | 0.00 | | | |
| Delinquent Principal | | | | | | | (45,411.8 7) | | | |
| Advanced Principal | | | | | | | 45,411.87 | | | |
| Realized Losses | | | | | | | 0.00 | | | |
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| &n bsp; | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | | | 10,423,738.24 | | | |
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| | | | Page 4 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
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PRINCIPAL - WITHDRAWALS | | | | | | | | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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PRINCIPAL - OTHER ACCOUNTS | | | | | | | | TOTAL | | | |
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| T OTAL OTHER ACCOUNTS PRINCIPAL | | | | | | | 180,609.82 | | | |
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INTEREST - COLLECTIONS | | | | | | | | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | | | 2,152,040.48 | | | |
| Repurchases/Substitutions | | | | | | | 0.00 | | | |
| Liquidations | | | | | &nbs p; | | 0.00 | | | |
| Insurance Interest | | | | | | | 0.00 | | | |
| Other Additional Interest | | | | | | | 0.00 | | | |
| Month End Interest (PPIS) | | | | | | | (9,752.92) | | | |
| Delinquent Interest | | | | | | | (519,335.24) | | | |
&nb sp; | Realized Losses | | | | | | | 0.00 | | | |
| Compensating Month End Interest | | | | | | | 9,752.92 | | | |
| Other Interest Shortfall (Relief Act) | | | | | | | 0.00 | | | |
| Interest Advanced | | | | | | | 496,374.30 | | | |
| Prepayment Penalties | | | | | | | 98,702.02 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | | | | 2,227,781.56 | | | |
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| | | | Page 5 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan T rust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | &n bsp; |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
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INTEREST - WITHDRAWALS | | | | | | | | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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INTEREST - OTHER ACCOUNTS | | | | | | | | TOTAL | | | |
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| TOTAL OTHER ACCOUNT INTEREST | | | | | | | 0. 00 | | | |
| | | | | | | | | | &nb sp; | |
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INTEREST - FEES | | | | | | | | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | | | 75,628.51 | | | |
| Trustee Fee | | | | | | | 1,971.40 | | | |
| PMI Insuranse Premium Fees | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER FEES | | | | | | | 77,599.91 | | | |
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| | | | Page 6 of 25 | | | | © COPYRIGHT 20 03 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Credit Enhancement Report for November 25, 2003 Distribution | | | |
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| | | | |
| Credit Enhancement Report | | | |
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ACCOUNTS | | | | | | | | TOTAL | | | |
| | | |
| Net WAC Rate Carryover Reserve Fund Beginning Balance | | | | | | | 1,000.00 | | | |
| Amount paid to maintain $1,000 balance | | | | | | | 0.00 | | | |
| Net WAC Rate Carry over 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 | | | | | | | | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
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STRUCTURAL FEATURES | | | | | | | | TOTAL | | | |
| | | |
| Overcollateralization Target Amount | | | | | | | 8,980,249.13 | | | |
| Overcollateralized Amount | | | | | | | 2,921,666.99 | | | |
| Excess Overcollateralized Amount | | | | | | | 0.00 | | | |
| Overcollateralization Release Amount | | | | | | | 0.00 | | | |
| Overcollateralization Deficiency Amount | | | | | | | 7,527,274.77 | | | |
| Extra Principal Distribution Amt | | | | | | | 0.00 | | | |
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| | | | Page 7 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| C ollateral Report | | | |
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COLLATERAL | | | | | | | | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | | | 4058 | | | |
| Prior | | | | | | | 3,727 | | | |
| Prefunding | | | | | | | - | | | |
| Scheduled Paid Offs | | | | | | | - | | | |
| Full Voluntary Prepayments | | | | | | | (117) | | | |
| Repurchases | | | | | | | - | | | |
| Liquidations | | | | | | | - | | | |
| Current | | | | | | | 3,610 | | | |
| & nbsp; | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | | | 264,124,974.36 | | | |
| Prior | | | | | | | 236,567,506.62 | | | |
| Prefunding | | | | | | | - | | | |
| Scheduled Principal | | | | | | | (227,478.76) | &nbs p; | | |
| Partial and Full Voluntary Prepayments | | | | | | | (10,196,259.48) | | | |
| Repurchases | | | | | | | - | | | |
| Liquidations | | | | | | | - | | | |
| Current | | | | | | | 226,143,768.38 | | | |
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PREFUNDING | | | | | | | | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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| | | &n bsp; | | | | | | | | |
| | | | | | | | | | | |
Current Prin Balance by Groups (in millions of dollars) | Total Current Principal Balance (in millions of dollars) | | | |
| | | | | | | | | | | |
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| | | | Page 8 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
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CHARACTERISTICS | | | | | | | | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | | | 10.883832% | | | |
| Weighted Average Coupon Prior | | | | | | | 10.899058% | | | |
| Weighted Average Coupon Current | | | | | | | 10.916328% | | | |
| Weighted Average Months to Maturity Original | | | | | | | 272 | | | |
| Weighted Average Months to Maturity Prior | | | | | | | 270 | | | |
| Weighted Average Months to Maturity Current | | | | | | | 268 | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | | | 298 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | | | 296 | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | | | 295 | | | |
| Weighted Average Seasoning Original | | | | | | | 33.70 | | | |
| Weighted Average Seasoning Prior | | | | | | | 35.70 | | | |
| Weighted Average Seasoning Current | | | | | | | 36.68 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
WAC by Groups | Total WAC | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
WARAT by Groups | Total WARAT | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 9 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | ; | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERI STICS | | | | | | | | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | | | 2.327% | | | |
| Weighted Average Margin Prior | | | | | | | 2.321% | | | |
| Weighted Average Margin Current | | | | | | | 2.301% | | | |
| Weighted Average Max Rate Original | | | | | | | 7.206% | | | |
| Weighted Average Max Rate Prior | | | | | | | 7.170% | | | |
| Weighted Average Max Rate Current | | | | | | | 7.119% | | | |
| Weighted Average Min Rate Original | | | | | | | 353.569% | | | |
| Weighted Average Min Rate Prior | | | | | | | 3.501% | | | |
| Weighted Average Min Rate Current | | | | | | | 3.479% | | | |
| Weighted Average Cap Up Original | | | | | | | 0.410% | | | |
| Weighted Average Cap Up Prior | | | | | | | 0.408% | | | |
| Weighted Average Cap Up Current | | | | | | | 0.405% | | | |
| Weighted Average Cap Down Original | | | | | | | 0.410% | | | |
| Weighted Average Cap Down Prior | | | | | | | 0.408% | | | |
| Weighted Average Cap Down Current | | | | | | | 0.405% | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | | | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | | | 75,628.51 | | | |
&nb sp; | Delinquent Servicing Fees | | | | | | | 22,960.94 | | | |
| TOTAL SERVICING FEES | | | | | | | 98,589.45 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | | | 98,589.45 | | | |
| Compensating Month End Interest | | | | | | | 9,752.92 | | | |
| Delinquent Servicing Fees | | | | | | | (22,960.94) | &n bsp; | | |
| | | | | | | | | | | & nbsp; |
| COLLECTED SERVICING FEES | | | | | | | 85,381.43 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | | | 9,752.92 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | | | 496,374.30 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | | | TOTAL | | | |
| | | |
| Next One-Month LIBOR | | | | | | | 1.11875 0% | | | |
| Current One-Month LIBOR | | | | | | | 1.120000% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAY MENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 15,956,741.49 | 3,460,366.07 | 3,588,892.68 | 23,006,000.24 | | | |
| | % Balance | | | 7.06% | 1.53% | 1.59% | 10.17% | | | |
| | # Loans | | | 236 | 63 | 63 | 362 | | | |
| | % # Loans | | | 6.54% | 1.75% | 1.75% | 10.03% | | | |
FORECLOSURE | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
BANKRUPTCY | | Balance | | 322,139.04 | 1,161,438.89 | 739,253.88 | 602,752.44 | 2,825,584.25 | | | |
| | % Balance | | 0.14% | 0.51% | 0.33% | 0.27% | 1.25% | | | |
| | # Loans | | 6 | 19 | 11 | 10 | 46 | | | |
| | % # Loans | | 0.17% | 0.53% | 0.30% | 0.28% | 1.27% | | | |
REO | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00 % | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | 322,139.04 | 17,118,180.38 | 4,199,619.95 | 4,191,645.12 | 25,831,584.49 | | | |
| | % Balance | | 0.14% | 7.57% | 1.86% | 1.85% | 11.42% | | | |
| | # Loans | | 6 | 255 | 74 | 73 | 408 | | | |
| | % # Loans | | 0.17% | 7.06% | 2.05% | 2.02% | 11.30% | | | |
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 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| REO Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| REO Report - Mortgage Loans that Become REO During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 0 | Loan Group 1 = Conform Group; REO Book Value = 000.00 | | | |
Total Original Principal Balance = 000.00 | | | | | | | | |
Total Current Balance = 000.00 | | | | | | | | |
REO Book Value = 000.00 | | | | | | | | |
| | | | | | | | | | | |
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution. | | | |
| | | | | | &nbs p; | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 12 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| 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 = 0 | | | | Loan Group 1 = Co nform Group | | | | | | | |
Total Original Principal Balance = 000.00 | | | | | | | | | | | |
Total Current Balance = 000.00 | | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 13 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | | | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | | | 117 | | | & nbsp; |
| Number of Repurchased Loans | | | | | | | - | | | |
| Total Number of Loans Prepaid in Full | | | | | | | 117 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | | | 10,196,925.77 | | | |
| Repurchased Loans Balance | | | | | | | - | | | |
| Curtailments Amount | | | | | | | (666.29) | | | |
| Total Prepayment Amount | | | | | | | 10,196,259.48 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | | | 447 | | | |
| Number of Repurchased Loans | | | | | | | - | | | |
| Total Number of Loans Prepaid in Full | | | | | | | 447 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | | | 37,121,316.38 | | | |
| Repurchased Loans Balance | | | | | | | - | | | |
| Curtailments Amount | | | | | | | (105,734.28) | | | |
| Total Prepayment Amount | | | | | | | 37, 015,582.10 | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Prepayments by Groups (in thousands of dollars) | Total Prepayments (in thousands of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 25 | | ; | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepaym ent Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | | | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | | | 4.31% | | | |
| 3 Months Avg SMM | | | | | | | 4.35% | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | | | 3.71% | | | |
| | | | | | | | | | | |
| CPR | | | | | | | 41.09% | | | |
| 3 Months Avg CPR | | | | | | | 41.36% | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | | | 36.51% | | | |
| | | | | | | | | | | |
| PSA | | | | | | | 684.88% | | | |
| 3 Months Avg PSA Approximation | | | | | | | 689.41% | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | | | 608.46% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | ; | |
CPR by Groups | Total CPR | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA by Groups | Total PSA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 15 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | |
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): (Vol untary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) | | | |
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) | | | |
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) | | | |
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m) | | | |
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12) | | | |
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) | | | |
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m) | | | |
Weighted Average Seasoning (WAS) | | | |
| | | |
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 16 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | & nbsp; | | | | | | | | |
| | | | | | | | | | | |
| Soundview Home Loan Trust 2003-1 | | |
| 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 = 117 | | | | | | Loan Group 1 = Conform Group | | |
Total Original Principal Balance = 10,508,936.00 | | | | |
Total Prepayment Amount = 10,196,925.77 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | |
| | |
3 652179 1 | | 146,033.00 | 139,062.77 | Oct-20-03 | 7.000% | CA - 98.67% | Paid Off - 360 | Jan-13-99 | | |
3686334 1 | | 112,720.00 | 107,931.26 | Nov-13-03 | 7.750% | CA - 100.00% | Paid Off - 360 | May-21-99 | | |
3703667 1 | | 38,000.00 | 37,471.25 | Oct-17-03 | 11.875% | MO - 86.36% | Paid Off - 360 | Jul-11-00 | | |
3706157 1 | | 118,000.00 | 115,734.54 | Nov-03-03 | 9.125% | WI - 81.38% | Paid Off - 360 | Jan-25-01 | | |
3769262 1 | | 53,900.00 | 53,055.08 | Oct-30-03 | 11.875% | OK - 71.87% | Paid Off - 180 | Feb-18-00 | | |
3786332 1 | | 81,600.00 | 80,244.96 | Oct-29-03 | 11.125% | MS - 80.00% | Paid Off - 360 | Jul-17-00 | | |
3787538 1 | | 67,920.00 | 66,996.76 | Nov-10-03 | 11.990% | MO - 80.00% | Paid Off - 180 | Jul-24-00 | | |
3792025 1 | | 80,000.00 | 78,838.37 | Nov-10-03 | 11.625% | DE - 80.00% | Paid Off - 360 | Jul-31-00 | | |
3792082 1 | | 88,000.00 | 86,391.91 | Oct-17-03 | 10.375% | OH - 80.00% | Paid Off - 360 | Jul-31-00 | | |
3795010 1 | | 39,600.00 | 38,974.84 | Oct-28-03 | 10.625% | MI - 47.71% | Paid Off - 360 | Oct-13-00 | | |
3795044 1 | | 95,250.00 | 94,538.04 | Oct-23-03 | 13.875% | MI - 75.00% | Paid Off - 360 | Oct-09-00 | | |
3795051 1 | | 20,000.00 | 16,343.68 | Nov-12 - -03 | 12.000% | OH - 48.78% | Paid Off - 120 | Oct-24-00 | | |
3795689 1 | | 44,200.00 | 43,429.84 | Nov-04-03 | 10.375% | FL - 85.00% | Paid Off - 180 | Oct-20-00 | | |
3796638 1 | | 259,250.00 | 252,378.57 | Nov-10-03 | 9.750% | MI - 85.00% | Paid Off - 360 | Oct-31-00 | | |
3797412 1 | | 106,250.00 | 104,746.75 | Oct-24-03 | 11.000% | MI - 85.00% | Paid Off - 360 | Nov-15-00 | | |
3805868 1 | | 56,925.00 | 55,811.63 | Oct-23-03 | 9.875% | NC - 75.00% | Paid Off - 360 | Aug-14-00 | | |
3808045 1 | | 95,250.00 | 93,645.41 | Oct-27-03 | 10.625% | GA - 75.00% | Paid Off - 360 | Sep-06-00 | | |
3808052 1 | | 100,500.00 | 98,806.76 | Oct-27-03 | 10.625% | GA - 75.00% | Paid Off - 360 | Sep-06-00 | | |
3808458 1 | | 187,300.00 | 184,394.40 | Oct-23-03 | 10.875% | FL - 84.37% | Paid Off - 360 | Sep-11-00 | | |
3809597 1 | | 154,000.00 | 151,816.05 | Oct-27-03 | 11.500% | TX - 80.00% | Paid Off - 360 | Sep-26-00 | | |
3826237 1 | | 69,275.00 | 68,145.13 | Nov-03-03 | 9.550% | OH - 85.00% | Paid Off - 360 | Apr-28-00 | | |
3828704 1 | | 39,000.00 | 38,431.58 | Nov-04-03 | 11.500% | GA - 65.00% | Paid Off - 360 | Jul-13-00 | | |
3831773 1 | | 27,300.00 | 26,926.27 | Oct-16-03 | 11.750% | KY - 70.00% | Paid Off - 360 | Oct-16-00 | | |
3832094 1 | | 56,000.00 | 55,202.16 | Oct-20-03 | 11.500% | LA - 80.00% | Paid Off - 360 | Sep-30-00 | | |
3832839 1 | | 78,428.00 | 77,424.76 | Nov-06-03 | 11.820% | TX - 80.00% | Paid Off - 360 | Oct-06-00 | | |
3833605 1 | | 25,000.00 | 21,423.91 | Nov-03-03 | 10.000% | SC - 32.05% | Paid Off - 180 | Oct-16-00 | | |
3835154 1 | | 57,600.00 | 56,760.83 | Oct-28-03 | 11.500% | AR - 80.00% | Paid Off - 360 | Jul-19-00 | | |
3836574 1 | | 63,750.00 | 62,791.76 | Oct-20-03 | 11.187% | TX - 85.00% | Paid Off - 180 | Aug-17-00 | | |
3837903 1 | | 54,000.00 | 53,085.97 | Nov-07-03 | 12.340% | AL - 75.00% | Paid Off - 180 | Aug-31-00 | | |
3838158 1 | | 46,500.00 | 46,079.64 | Oct-21-03 | 13.635% | IA - 75.00% | Paid Off - 360 | Aug-12-00 | | |
3840089 1 | | 21,200.00 | 19,395.46 | Oct-17-03 | 11.750% | OH - 80.00% | Paid Off - 180 | Oct-11-00 | | |
3840477 1 | | 77,250.00 | 76,302.92 | Nov-03-03 | 11.990% | GA - 75.00% | Paid Off - 180 | Sep-27-00 | | |
3840865 1 | | 46,750.00 | 46,140.61 | Nov-03-03 | 12.935% | AL - 85.00% | Paid Off - 360 | Oct-20-00 | | |
3841996 1 | | 212,500.00 | 210,057.65 | Nov-06-03 | 11.875% | FL - 85.00% | Paid Off - 180 | Oct-30-00 | | |
3842390 1 | | 62,000.00 | 61,431.39 | Nov-03-03 | 13.250% | FL - 80.00% | Paid Off - 360 | Oct-27-00 | | |
3843109 1 | | 59,200.00 | 58,199.87 | Oct-29-03 | 10.690% | AL - 80.00% | Paid Off - 360 | Nov-13-00 | | |
3847167 1 | | 59,500.00 | 47,649.85 | Oct-22-03 | 11.500% | MS - 85.00% | Paid Off - 180 | Nov-10-00 | | |
3851524 1 | | 55,000.00 | 50,285.60 | Nov-10-03 | 10.870% | MS - 74.83% | Paid Off - 180 | Dec-21-00 | | |
3851722 1 | | 20,250.00 | 19,543.26 | Nov-06-03 | 14.000% | AR - 75.00% | Paid Off - 240 | Dec-19-00 | | |
3860137 1 | | 46,000.00 | 44,928.37 | Oct-28-03 | 10.050% | IL - 80.00% | Paid Off - 360 | Mar-27-00 | &nbs p; | |
3861952 1 | | 43,500.00 | 42,463.09 | Nov-05-03 | 11.050% | KS - 60.42% | Paid Off - 360 | Feb-29-00 | | |
3862182 1 | | 61,600.00 | 59,925.67 | Oct-29-03 | 9.450% | IN - 89.93% | Paid Off - 360 | Feb-24-00 | | |
3864204 1 | | 35,000.00 | 34,175.89 | Oct-21-03 | 10.700% | NV - 43.21% | Paid Off - 360 | Aug-18-99 | | |
3864246 1 | | 144,000.00 | 140,758.41 | Nov-10-03 | 10.200% | NV - 90.00% | Paid Off - 360 | Jan-24-00 | | |
| | | | | | | | | | | |
| | | | | Page 17 of 25 | ; | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Soundview Home Loan Trust 2003-1 | | |
| 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 | Prepayme nt | Note | LTV at | Original | Origination | | |
Loan Group | Status | Balance | Amount | Date | Rate | Origination | Term | Date | | |
| | |
3865284 1 | | 59,500.00 | 57,959.04 | Oct-27-03 | 9.750% | NE - 70.00% | Paid Off - 360 | Nov-23-99 | | |
3865938 1 | | 30,000.00 | 29,303.15 | Oct-22-03 | 10.700% | IN - 44.12% | Paid Off - 360 | Aug-11-99 | | |
3868064 1 | | 76,000.00 | 73,594.42 | Nov-06-03 | 10.000% | OH - 80.00% | Paid Off - 360 | Mar-01-00 | | |
3868395 1 | | 29,500.00 | 28,754.23 | Nov-03-03 | 11.200% | TX - 79.73% | Paid Off - 360 | Apr-24-00 | | |
3870110 1 | | 82,500.00 | 71,102.62 | Nov-07-03 | 9.650% | NY - 78.57% | Paid Off - 180 | Dec-10-99 | | |
3870151 1 | | 45,000.00 | 34,963.84 | Nov-07-03 | 10.850% | NY - 30.00% | Paid Off - 120 | May-12-00 | | |
3871647 1 | | 72,250.00 | 62,309.00 | Oct-30-03 | 10.450% | LA - 85.00% | Paid Off - 180 | Sep-01-99 | | |
3884582 1 | | 102,800.00 | 101,157.09 | Oct-28-03 | 9.500% | IL - 80.00% | Paid Off - 180 | May-07-01 | | |
3902731 1 | | 124,600.00 | 121,548.92 | Oct-31-03 | 8.990% | CO - 70.00% | Paid Off - 360 | Jul-28-00 | | |
3902871 1 | | 27,200.00 | 24,439.09 | Oct-30-03 | 10.750% | NE - 85.00% | Paid Off - 180 | Jul-24-00 | | |
3905668 1 | | 70,875.00 | 69,515.62 | Nov-04-03 | 8.875% | NE - 75.00% | Paid Off - 360 | Jul-31-00 | | |
3906351 1 | | 204,000.00 | 200,964.35 | Oct-30-03 | 11.750% | IL - 80.00% | Paid Off - 360 | Jul-13-00 | | |
3907334 1 | | 97,500.00 | 96,282.51 | Oct-20-03 | 12.250% | OR - 65.00% | Paid Off - 360 | Jul-26-00 | | |
3908316 1 | | 72,000.00 | 60,056.88 | Oct-27-03 | 8.875% | NJ - 34.29% | Paid Off - 144 | Jul-22-00 | | |
3908845 1 | | 31,200.00 | 31,000.83 | Nov-06-03 | 15.250% | MI - 60.00% | Paid Off - 180 | Aug-17-00 | | |
3909223 1 | | 175,000.00 | 154,374.62 | Oct-24-03 | 8.750% | PA - 66.04% | Paid Off - 180 | Aug-02-00 | | |
3909322 1 | | 132,300.00 | 128,947.35 | Oct-16-03 | 7.875% | NJ - 70.00% | Paid Off - 360 | Aug-03-00 | | |
3910049 1 | | 28,800.00 | 28,352.14 | Nov-06-03 | 11.050% | IN - 80.00% | Paid Off - 180 | Aug-01-00 | | |
3910908 1 | | 20,000.00 | 19,425.55 | Nov-13-03 | 12.900% | MI - 62.50% | Paid Off - 360 | Aug-14-00 | | |
3910973 1 | | 131,000.00 | 129,331.86 | Nov-12-03 | 12.000% | CO - 59.55% | Paid Off - 360 | Sep-29-00 | | |
3911427 1 | | 29,400.00 | 29,053.18 | Oct-16-03 | 12.625% | IN - 70.00% | Paid Off - 360 | Sep-05-00 | | |
3911567 1 | | 55,600.00 | 54,172.63 | Oct-22-03 | 9.850% | KS - 89.68% | Paid Off - 180 | Mar-17-00 | | |
3912276 1 | | 106,250.00 | 104,547.78 | Nov-11-03 | 10.875% | TN - 85.00% | Paid Off - 360 | Aug-23-00 | | |
3913241 1 | | 50,000.00 | 49,102.96 | Nov-10-03 | 10.650% | IL - 69.44% | Paid Off - 360 | Aug-10-00 | | |
3914041 1 | | 85,000.00 | 83,643.32 | Oct-20-03 | 11.050% | FL - 85.00% | Paid Off - 180 | Jul-13-00 | | |
3914355 1 | | 79,200.00 | 77,245.96 | Oct-30-03 | 11.750% | MN - 80.00% | Paid Off - 360 | Sep-14-00 | | |
3914389 1 | | 160,000.00 | 157,009.45 | No v-05-03 | 10.250% | DE - 82.05% | Paid Off - 360 | Sep-13-00 | | |
3916848 1 | | 143,000.00 | 139,902.43 | Oct-16-03 | 10.990% | RI - 79.44% | Paid Off - 360 | Jun-29-00 | | |
3917796 1 | | 57,000.00 | 56,249.04 | Oct-28-03 | 10.750% | IA - 75.00% | Paid Off - 180 | Sep-25-00 | | |
3918067 1 | | 113,000.00 | 111,287.25 | Oct-27-03 | 10.990% | ID - 74.83% | Paid Off - 360 | Sep-25-00 | | |
3918190 1 | | 42,500.00 | 38,018.95 | Nov-11-03 | 9.990% | CT - 26.56% | Paid Off - 180 | Sep-25-00 | | |
3918380 1 | | 167,000.00 | 164,158.56 | Nov-11-03 | 10.438% | IL - 82.67% | Paid Off - 360 | Oct-02-00 | | |
3918877 1 | | 97,800.00 | 94,828.30 | Nov-03-03 | 9.350% | OH - 81.84% | Paid Off - 180 | May-10-00 | | |
3919032 1 | | 64,500.00 | 63,573.22 | Oct-27-03 | 11.740% | ID - 75.00% | Paid Off - 360 | Aug-30-00 | | |
3923547 1 | | 104,000.00 | 102,578.90 | Nov-07-03 | 11.500% | FL - 80.00% | Paid Off - 360 | Oct-05-00 | | |
3925799 1 | | 109,335.00 | 108,554.56 | Nov-06-03 | 11.490% | TX - 77.00% | Paid Off - 360 | Jun-14-00 | | |
3927225 1 | | 200,000.00 | 196,997.05 | Nov-06-03 | 11.500% | MN - 80.00% | Paid Off - 180 | Oct-27-00 | | |
3928157 1 | | 116,000.00 | 114,817.77 | Nov-06-03 | 12.750% | OH - 84.98% | Paid Off - 180 | Nov-01-00 | | |
3930054 1 | | 75,900.00 | 74,462.06 | Oct-20-03 | 10.125% | PA - 84.99% | Paid Off - 360 | Oct-25-00 | | |
3930765 1 | | 226,000.00 | 221,751.54 | Oct-30-03 | 9.990% | NY - 72.90% | Paid Off - 360 | Oct-27-00 | | |
3933017 1 | | 72,000.00 | 64,770.63 | Oct-17-03 | 9.630% | LA - 87.80% | Paid Off - 180 | Nov-01-00 | | |
3934445 1 | | 171,750.00 | 170,057.49 | Nov-07-03 | 12.990% | CA - 76.33% | Paid Off - 360 | Oct-30-00 | | |
3938008 1 | | 76,500.00 | 75,254.84 | Oct-21-03 | 10.375% | OH - 85.00% | Paid Off - 180 | Dec-20-00 | | |
3939501 1 | | 70,000.00 | 67,805.27 | Nov-12-03 | 10.250% | IL - 70.71% | Paid Off - 360 | Dec-27-00 | | |
3939527 1 | | 109,600.00 | 107,912.06 | Nov-04-03 | 9.990% | MD - 84.96% | Paid Off - 360 | Dec-22-00 | | |
3940186 1 | | 63,000.00 | 61,420.44 | Oct-31-03 | 11.250% | MI - 67.74% | Paid Off - 360 | Jan-08-01 | | |
3940384 1 | | 24,225.00 | 23,972.65 | Nov-04-03 | 12.125% | NC - 75.00% | Paid Off - 360 | Jan-10-01 | | |
3941606 1 | | 53,900.00 | 53,336.78 | Nov-11-03 | 12.125% | GA - 70.00% | Paid Off - 180 | Jan-25-01 | | |
3942075 1 | | 45,000.00 | 44,031.99 | Oct-24-03 | 11.625% | WI - 75.00% | Paid Off - 360 | Jan-26-01 | | |
3943016 1 | | 51,000.00 | 46,552.68 | Oct-24-03 | 10.125% | NC - 80.95% | Paid Off - 180 | Feb-07-01 | | |
3943735 1 | | 128,000.00 | 125,576.01 | Nov-05-03 | 8.875% | NY - 80.00% | Paid Off - 360 | Feb-14-01 | | |
3945300 1 | | 27,000.00 | 26,686.64 | Oct-22-03 | 12.000% | LA - 60.00% | Paid Off - 360 | Feb-13-01 | | |
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| | | | | Page 18 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Soundview Home Loan Trust 2003-1 | | |
| 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 | O rigination | Term | Date | | |
| | |
3946043 1 | | 263,500.00 | 258,145.63 | Oct-16-03 | 7.375% | MI - 85.00% | Paid Off - 360 | Mar-07-01 | | |
3948585 1 | | 40,000.00 | 36,350.57 | Oct-29-03 | 8.125% | SC - 47.06% | Paid Off - 180 | Apr-17-01 | | |
3949922 1 | | 71,250.00 | 70,067.22 | Oct-22-03 | 9.750% | AL - 75.00% | Paid Off - 360 | May-10-01 | | |
3950516 1 | | 68,250.00 | 67,362.79 | Nov-11-03 | 11.500% | WV - 65.00% | Paid Off - 360 | Dec-15-00 | | |
3951704 1 | | 166,450.00 | 164,254.55 | Nov-05-03 | 11.000% | IL - 69.35% | Paid Off - 360 | Jan-10-01 | | |
3954435 1 | | 398,750.00 | 393,652.88 | Nov-14-03 | 10.975% | MN - 82.22% | Paid Off - 360 | Jan-24-01 | | |
3955895 1 | | 66,700.00 | 65,520.01 | Oct-21-03 | 9.690% | OH - 79.40% | Paid Off - 180 | Jan-26-01 | | |
3959087 1 | | 94,500.00 | 91,949.11 | Nov-10-03 | 9.800% | MO - 61.36% | Paid Off - 360 | Sep-21-99 | | |
3959384 1 | | 260,000.00 | 257,143.57 | Nov-13-03 | 11.750% | NY - 52.00% | Paid Off - 360 | Feb-05-01 | | |
3960994 1 | | 158,250.00 | 154,445.79 | Oct-21-03 | 8.125% | NJ - 75.00% | Paid Off - 360 | Jan-26-01 | | |
3963667 1 | | 63,750.00 | 62,939.14 | Oct-27-03 | 11.000% | TN - 85.00% | Pa id Off - 360 | Feb-23-01 | | |
3964913 1 | | 75,000.00 | 73,769.51 | Oct-31-03 | 9.875% | NJ - 60.00% | Paid Off - 360 | Feb-28-01 | | |
3965076 1 | | 52,700.00 | 51,354.07 | Oct-28-03 | 11.000% | UT - 85.00% | Paid Off - 180 | Mar-02-01 | | |
3965290 1 | | 188,000.00 | 177,646.17 | Nov-04-03 | 8.500% | NY - 78.33% | Paid Off - 240 | Feb-23-01 | | |
3965340 1 | | 100,000.00 | 98,806.25 | Nov-04-03 | 11.125% | NY - 80.00% | Paid Off - 180 | Mar-09-01 | | |
3966181 1 | | 20, 000.00 | 17,175.43 | Nov-10-03 | 9.625% | AL - 42.11% | Paid Off - 180 | Feb-27-01 | | |
3967072 1 | | 148,750.00 | 145,960.53 | Oct-21-03 | 8.875% | WA - 85.00% | Paid Off - 360 | Mar-23-01 | | |
3967460 1 | | 52,500.00 | 51,822.36 | Oct-28-03 | 11.280% | KY - 70.00% | Paid Off - 180 | Dec-29-00 | | |
3967908 1 | | 64,800.00 | 63,757.76 | Nov-11-03 | 9.875% | MI - 80.00% | Paid Off - 360 | Mar-20-01 | | |
3969821 1 | | 40,000.00 | 39,309.92 | Oct-30-03 | 10.375% | IN - 41.67% | Paid Off - 360 | Mar-16-01 | | |
8166548 1 | | 125,000.00 | 104,634.09 | Oct-22-03 | 5.125% | OH - 56.24% | Paid Off - 360 | Mar-10-00 | | &nb sp; |
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| | | | | Page 19 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
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COLLATERAL REALIZED LOSSES | | | | | | | | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | | | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | | | - | | | |
| Net Liquidation Proceeds | | | | | | | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Loans Liquidated | | | | | | | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | | | - | | | |
| Net Liquidation Proceeds | | | | | | | - | | | |
| | | | | | | | | | | |
| Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods. | | | | | | | | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
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| | | | | | | 3 Months Moving Average | | | | |
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Collateral Loss Severity Approximation by Groups | Collateral Loss Severity Approximation | | | |
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| | | | Page 20 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
; | Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
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DEFAULT SPEEDS | | | | | | | | TOTAL | | | |
| | | | | | | | | | | |
| MDR | | | | | | | 0.00% | | | |
| 3 Months Avg MDR | | | | | | | 0.00% | | | |
| 12 Months Avg MDR | | | | | | | | | | |
| Avg MDR Since Cut-off | | | | | | | 0.00% | | | |
| | | | | | | | | | | |
| CDR | | | | | | | 0.00% | | | |
| 3 Months Avg CDR | | | | | | | 0.00% | | | |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | | | 0.00% | | | |
| | | | | | | | | | | |
| SDA | | | | | | | 0.00% | | | |
| 3 Months Avg SDA Approximation | | | | | | | 0.00% | | | |
| 12 Months Avg SDA Approximation | | | | | | | | | | |
| Avg SDA Since Cut-off Approximation | | | | | | | 0.00% | | | |
| | | | | | | | | | | |
| Loss Severity Approximation for Current Period | | | |
| 3 Months Avg Loss Severity Approximation | | | |
| 12 Months Avg Loss Severity Approximation | | | |
| Avg Loss Severity Approximation Since Cut-off | | | |
| & nbsp; | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | &nb sp; | | | | | | |
CDR by Groups | Total CDR | | | |
| | | | | | | | | | | |
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SDA by Groups | Total SDA | | | |
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| | | | Page 21 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CDR Avg since Cut-Off by Groups | Total CDR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SDA Avg since Cut-Off by Groups | Total SDA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY | | | |
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | | | |
Conditional Default Rate (CDR): 1-((1-MDR)^12) | | | |
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) | | | |
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m) | | | |
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12) | | | |
Average SDA Approximation over period between the nth month and mth month: | | | |
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) | | | |
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m) | | | |
Loss Severity Appr oximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans) | | | |
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) | | | |
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 22 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| So undview Home Loan Trust 2003-1 | | |
| Asset Backed Certificates | | |
| | | |
| Realized Loss Detail Report for November 25, 2003 Distribution | | |
| | | |
| | | |
| Realized Loss Detail Report - Loans Liquidated During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 0 | | | | | | Loan Group 1 = Conform Group | | |
Total Original Principal Balance = 0.00 | | | | |
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. | | | | | &n bsp; | | | | | | |
| | | | | | | | | | | |
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 | | |
| | | | | & nbsp; | | | | | |
| | | | | | | | | | | |
| | | | | Page 23 of 25 | | | | © COPYRIGHT 2003 D eutsche Bank | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution | | | |
| &nbs p; | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
TRIGGER EVENTS | | | | | | | | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | & nbsp; | | | | | | 4.174218% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 20.097001% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 21.672791% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | | | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | ; | | | |
ADDITIONAL INFORMATION | | | | | | | | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
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| | | | Page 24 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Soundview Home Loan Trust 2003-1 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Additional Certificate Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Additional Certificate Report | | | |
| | | | | | | | | | | |
| | | |
| CLASS | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| M-1 | | | | | 0.00 | 0.00 | 0.00 | | | |
| M-2 | | | | | 0.00 | 0.00 | 0.00 | | | |
| M-3 | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| C | | | | | | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
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| | | | Page 25 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |