| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 |
| Asset Backed Certificates |
| |
| |
| October 27, 2003 Distribution |
| |
| |
| Contents |
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| | | | | | | | | & nbsp; | | |
| | | 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 | | | | 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 | | | | | | | | |
| | | | | | | | | | | |
| | | | 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 | &nb sp; | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
| | | | | | | | &nb sp; | | | |
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ISSUANCE INFORMATION | | | | | | | | | | | |
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| Seller: | | Greenwich Capital Financial Products, In | | | | | Cut-Off Date: September 1, 2003 | | | |
| Certificate Insurer(s): | | | | | | | Closing Date: September 25, 2003 | | | |
| | | | | | | | First Payment Date: October 27, 2003 | | | |
| Servicer(s): | | Litton Loan Servicing Master Servicer | | | | | | | | |
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| | | | | | | | Distribution Date: October 27, 2003 | &nbs p; | | |
| Underwriter(s): | | Greenwich Capital Markets, Inc. | | | | | Record Date: October 24, 2003 | | | |
| | | | | | | | September 30, 2003 | | | |
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| | | | | | Page 1 of 25 | | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-3 |
| Asset Backed Certificates |
| Series 2003-3 |
| Certificate Payment Report for October 27, 2003 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | ; | |
| Distribution in Dollars - Current Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | | | |
A-1 | FTV | 270,614,000.00 | 270,614,000.00 | 568,289.40 | 2,858,080.88 | 3,426,370.28 | - | - | 267,755,919.12 |
A-2 | FTV | 85,633,000.00 | 85,633,000.00 | 173,406.83 | 818,164.60 | 991,571.43 | - | - | 84,814,835.40 |
M-1 | MEZ | 31,172,000.00 | 31,172,000.00 | 51,122.08 | - | 51,122.08 | - | - | 31,172,000.00 |
M-2 | MEZ | 26,718,000.00 | 26,718,000.00 | 68,160.59 | - | 68,160.59 | - | - | 26,718,000.00 |
M-3 | MEZ | 5,566,000.00 | 5,566,000.00 | 15,683.75 | - | 15,683.75 | - | - | 5,566,000.00 |
M-4 | MEZ | 7,793,000.00 | 7,793,000.00 | 30,271.48 | - | 30,271.48 | - | - | 7,793,000.00 |
M-5 | MEZ | 8,906,000.00 | 8,906,000.00 | 40,532.20 | - | 40,532.20 | - | - | 8,906,000.00 |
C | EXE | 8,906,189.00 | 8,906,189.00 | 1,648,119.40 | 23.13 | 1,648,142.53 | - | - | 8,906,165.87 |
P | R | 100.00 | 100.00 | 52,677.60 | - | 52,677.60 | - | - | 100.00 |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 445,308,289.00 | 445,308,289.00 | 2,648,263.33 | 3,676,268.61 | 6,324,531.94 | - | - | 441,632,020.39 |
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| | | | | | | | | | | |
| Interest Accrual Detail | | | | Current Period Factor Information per $1,000 of Original Face | | | | | | |
| | | | | | Orig. Principal | Prior | | | | Current |
| Period | Period | | | (with Notional) | Principal | | | Total | Principal |
Class | Starting | Ending | Method | Cusip | Balance | Balance | Interest | Principal | Distribution | Balance |
| | | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) |
| | | | | | | | | | |
A-1 | | | A-30/360 | 35729PBR0 | 270,614,000.00 | 1,000.000000 | 2.100000 | 10.561467 | 12.661467 | 989.438533 |
A-2 | | | A-30/360 | 35729PBS8 | 85,633,000.00 | 1,000.000000 | 2.025000 | 9.554314 | 11.579314 | 990.445686 |
M-1 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PBT6 | 31,1 72,000.00 | 1,000.000000 | 1.640000 | - | 1.640000 | 1,000.000000 |
M-2 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PBU3 | 26,718,000.00 | 1,000.000000 | 2.551111 | - | 2.551111 | 1,000.000000 |
M-3 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PBV1 | 5,566,000.00 | 1,000.000000 | 2.817778 | - | 2.817778 | 1,000.000000 |
M-4 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PBW9 | 7,793,000.00 | 1,000.000000 | 3.884445 | - | 3.884445 | 1,000.000000 |
M-5 | 09/25/03 | 10/26/03 | A-Act/360 | 35729PBX7 | 8,906,000.00 | 1,000.000000 | 4.551112 | - | 4.551112 | 1,000.000000 |
C | | | -30/360 | | 454,214,478.00 | 1,000.000000 | 3.628505 | 0.000051 | 3.628556 | 991.906265 |
P | | | - | | 100.00 | 1,000.000000 | 526,776.000000 | - | 526,776.000000 | 1,000.000000 |
R | | | - | | - | - | - | - | - | - |
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| | | | | | | Page 2 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-3 |
; | Asset Backed Certificates |
| Series 2003-3 |
| Certificate Payment Report for October 27, 2003 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - to Date | | | | | | | | | | |
| | | | | | | | | | Current |
| Original | | Unscheduled | Scheduled | Total | Total | Realized | Deferred | Principal |
Class | Face Value | Interest | Principal | Principal | Principal | Distribution | Losses | Interest | Balance |
| (1) | (2) | (3) | (4) | (5)=(3)+(4) | (6)=(2)+(5) | (7) | (8) | (9)=(1)-(5)-(7)+(8) |
| | | | | | | | |
A-1 | 270,614,000.00 | 568,289.40 | 2,590,077.52 | 268,003.36 | 2,858,080.88 | 3,426,370.28 | - | - | 267,755,919.12 |
A-2 | 85,633,000.00 | 173,406.83 | 722,202.49 | 95,962.11 | 818,164.60 | 991,571.43 | - | - | 84,814,835.40 |
M-1 | 31,172,000.00 | 51,122.08 | - | - | - | 51,122.08 | - | - | 31,172,000.00 |
M-2 | 26,718,000.00 | 68,160.59 | - | - | - | 68,160.59 | - | - | 26,718,000.00 |
M-3 | 5,566,000.00 | 15,683.75 | - | - | - | 15,683.75 | - | - | 5,566,000.00 |
M-4 | 7,793,000.00 | 30,271.48 | - | - | - | 30,271.48 | - | - | 7,793,000.00 |
M-5 | 8,906,000.00 | 40,532.20 | - | - | - | 40,532.20 | - | - | 8,906,000.00 |
C | 8,906,189.00 | 1,648,119.40 | 23.13 | - | 23.13 | 1,648,142.53 | - | - | 8,906,165.87 |
P | 100.00 | 52,677.60 | - | - | - | 52,677.60 | - | - | 100.00 |
R | - | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 445,308,289.00 | 2,648,263.33 | 3,312,303.14 | 363,965.47 | 3,676,268.6 1 | 6,324,531.94 | - | - | 441,632,020.39 |
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| | | | | | | | | | | |
| Interest Detail | | | | | | | | &n bsp; | | |
| Pass- | Prior Principal | | Non- | Prior | Unscheduled | | Pa id 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 | 2.52000% | 270,614,000.00 | 568,289.40 | - | - | - | 568,289.40 | 568,289.40 | - |
A-2 | 2.43000% | 85,633,000.00 | 173,406.83 | - | - | - | 173,406.83 | 173,406.83 | - |
M-1 | 1.84500% | 31,172,000.00 | 51,122.0 8 | - | - | - | 51,122.08 | 51,122.08 | - |
M-2 | 2.87000% | 26,718,000.00 | 68,160.59 | - | - | - | 68,160.59 | 68,160.59 | - |
M-3 | 3.17000% | 5,566,000.00 | 15,683.75 | - | - | - | 15,683.75 | 15,683.75 | - |
M-4 | 4.37000% | 7,793,000.00 | 30,271.48 | - | - | - | 30,271.48 | 30,271.48 | - |
M-5 | 5.12000% | 8,906,000.00 | 40,532.20 | - | - | - | 40,532.20 | 40,532.20 | - |
C | 4.44129% | 454,214,477.91 | 1,648,119.40 | - | - | - | 1,648,119.40 | 1,648,119.40 | 0.00 |
P | | 100.00 | 52,677.60 | - | 0.00 | - | 52,677.60 | 52,677.60 | - |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 890,616,577.91 | 2,648,263.33 | - | 0.00 | - | 2,648,263.33 | 2,648,263.33 | 0.00 |
| | & nbsp; | | | | | | | | | |
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| | | | | | | Page 3 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for October 27, 2003 Dis tribution | | | |
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| Collection Account Report | | | |
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SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 818,169.75 | 2,858,098.86 | 3,676,268.61 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| TOTAL NET PRINCIPAL | | | | | 818,169.75 | 2,858,098.86 | 3,676,268.61 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 625,123.12 | 2,206,595.41 | 2,831,718.53 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Fees | | | | | (44,803.40) | (138,651.82) | (183,455.21) | | | |
| TOTAL NET INTEREST | | | | | 580,319.72 | 2,067,943.59 | 2,648,263.32 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | 1,398,489.47 | 4,926,042.45 | 6,324,531.93 | | | |
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PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
& nbsp; | | | |
| Scheduled Principal | | | | | 95,962.11 | 268,003.36 | 363,965.47 | | | |
| Curtailments | | | | | 399,332.93 | 580,925.57 | 980,258.50 | | | |
| Prepayments in Full | | | | | 322,874.71 | 1,424,661.93 | 1,747,536.64 | | | |
| Repurchases/Substitutions Shortfalls | | | | | 0.00 | 584,508.00 | 584,508.00 | | | |
| 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 | | | | | (425.36) | (6,910.40) | (7,335.76) | | | |
| Advanced Principal | | | | | 425.36 | 6,910.40 | 7,335.76 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | &nb sp; | | |
| | | | | | | | | | | &nb sp; |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 818,169.75 | 2,858,098.86 | 3,676,268.61 | | | |
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| | | | Page 4 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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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| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 0.00 | 0.00 | 0.00 | | | |
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INTEREST - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | 625,428.77 | 2,154,102.70 | 2,779,531.47 | | | |
| Repurchases/Substitutions | | | | | 0.00 | 3,714.57 | 3,714.57 | | | |
| 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) | | | | | 0.00 | (123.82) | (123.82) | | | |
| Delinquent Interest | | | | | (5,441.00) | (63,919.15) | (69,360.15) | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 0.00 | 123.82 | 123.82 | | | |
| Other Interest Shortfall (Relief Act) | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Advanced | | | | | 5,135.35 | 60,019.69 | 65,155.04 | | | |
| Prepayment Penalties | | | | | 0.00 | 52,677.60 | 52,677.60 | | | |
| | | | & nbsp; | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | | 625,123.12 | 2,206,595.41 | 2,831,718.53 | | | |
| | | | | | | &n bsp; | | | | |
| | | | | | | | | | | |
| | | | Page 5 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
&nbs p; | | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - WITHDRAWALS | | | &n bsp; | | | 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 | | | | | 44,294.95 | 137,045.05 | 181,340.00 | | | |
| Trustee Fee | | | | | 508.45 | 1,606.77 | 2,115.21 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER FEES | | | | | 44,803.40 | 138,651.82 | 183,455.21 | | | |
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| | | | Page 6 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Credit Enhancement Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Credit Enhancement Report | | | |
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ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Net WAC Rate Carryover Reserve Fund Beginning Balance | | | | | | | 1,000.00 | | | |
| Amount paid to maintain $1,000 balance | | | | | | | 0.00 | | | |
| Net WAC Rate Carryover Amount | | | | | | | 0.00 | | | |
| Net WAC Rate Carryover Reserve Fund Ending Balance | | | | | | | 1,000.00 | | | |
| | | | | | | | | | | |
| Int Earnings paid to Class C | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| | | | &n bsp; | | | | | | | |
INSURANCE | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
STRUCTURAL FEATURES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Overcollateralization Target Amount | | | | | | | 8,906,165.78 | | | |
| Overcollateralized Amount | | | | | | | 8,906,165.78 | | | |
| Excess Overcollateralized Amount | | | | | | | 23.13 | | | |
| Overcollateralization Release Amount | | | | | 5.15 | 17.98 | 23.13 | | | |
| Overcollateralization Deficiency Amount | | | | | | | 0.00 | | | |
| Extra Principal Distribution Amt | | | | | 0.00 | 0.00 | 0.00 | | | |
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| | | | | | | | | | | |
| &n bsp; | | | Page 7 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
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COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 262 | 2044 | 2306 | | | |
| Prior | | | | | - | - | - | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full V oluntary Prepayments | | | | | (1) | (8) | (9) | | | |
| Repurchases | | | | | - | (4) | (4) | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 260 | 2,028 | 2,288 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 107,041,460.59 | 338,266,828.32 | 445,308,288.91 | | | |
| Prior | | | | | - | - | - | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (95,962.11) | (268,003.36) | (363,965.47) | | | |
| Partial and Full Voluntary Prepayments | | | | | (722,207.64) | (2,005,587.50) | (2,727,795.14) | | | |
| Repurchases | | | | | - | (584,508.00) | (584,508.00) | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 106,223,290.84 | 335,408,729.46 | 441,632,020.30 | | | |
| | | | | | | | | | | |
PREFUNDING | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
Current Prin Balance by Groups (in millions of dollars) | Total Current Principal Balance (in millions of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 8 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | &nbs p; | |
| Collateral Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | NON CONF ORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 7.011438% | 7.654847% | 7.500187% | | | |
| Weighted Average Coupon Prior | | | | | | | | | | |
| Weighted Average Coupon Current | | | | | 7.011438% | 7.654847% | 7.500187% | | | |
| Weighted Average Months to Maturity Original | | | | | 350 | 351 | 351 | | | |
| Weighted Average Months to Maturity Prior | | | | | - | - | - | | | |
| Weighted Average Months to Maturity Current | | | | | 350 | 351 | 351 | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | 351 | 351 | 351 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | - | - | - | | | |
| Weighted Avg Remaining Amor tization Term Current | | | | | 351 | 351 | 351 | | | |
| Weighted Average Seasoning Original | | | | | 5.38 | 5.40 | 5.40 | | | |
| Weighted Average Seasoning Prior | | | | | - | - | - | | | |
| Weighted Average Seasoning Current | | | | | 5.38 | 5.40 | 5.40 | | | |
| | | &n bsp; | | | | | | | | |
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 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for October 27, 2003 Distribution | | | |
| | &nb sp; | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| & nbsp; | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 4.855% | 5.351% | | | | |
| Weighted Average Margin Prior | | | | | | | | | | |
| Weighted Average Margin Current | | | | | 4.855% | 5.351% | | | | |
| Weighted Average Max Rate Original | | | | | 9.936% | 11.311% | | | | |
| Weighted Average Max Rate Prior | | | | | | | | | | |
| Weighted Average Max Rate Current | | | | | 9.936% | 11.311% | | | | |
| Weighted Average Min Rate Original | | | | | 5.033% | 5.940% | | | | |
| Weighted Average Min Rate Prior | | | | | | | | | | |
| Weighted Average Min Rate Current | | | | | 5.033% | 5.940% | | | | |
| Weighted Average Cap Up Original | | | & nbsp; | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Up Prior | | | | | | | | | | |
| Weighted Average Cap Up Current | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Down Original | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Down Prior | | | | | | | | | | |
| Weighted Average Cap Down Current | | | | | 1.051% | 1.151% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | &n bsp; | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 44,294.95 | 137,045.05 | 181,340.00 | | | |
| Delinquent Servicing Fees | | | | | 305.66 | 3,899.46 | 4,205.12 | | | |
| TOTAL SERVICING FEES | | &n bsp; | | | 44,600.61 | 140,944.51 | 185,545.12 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 44,600.61 | 140,944.51 | 185,545.12 | | | |
| Compensating Month End Interest | | | | | 0.00 | 123.82 | 123.82 | | | |
| Delinquent Servicing Fees | | | | | (305.66) | (3,899.46) | (4,205.12) | | | |
| | | | | | | | | | | |
| COLLECTED SERVICING FEES | | | | | 44,294.95 | 137,168.87 | 181,463.82 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 0.00 | 123.82 | 123.82 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | 5,1 35.35 | 60,019.69 | 65,155.04 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Next One-Month LIBOR | | | | | | | 1.120000% | | | |
| Current One-Month LIBOR | | | | | | | 1.120000% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TO TAL | | | |
DELINQUENT | | Balance | | | 171,034.13 | - | - | 171,034.13 | | | |
| | % Balance | | | 0.04% | 0.00% | 0.00% | 0.04% | | | |
| | # Loans | | | 1 | - | - | 1 | | | |
| | % # Loans | | | 0.04% | 0.00% | 0.00% | 0.04% | | | |
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 | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
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% | & nbsp; | | |
| | | | | | | | | | | & nbsp; |
TOTAL | | Balance | | - | 171,034.13 | - | - | 171,034.13 | | | |
| | % Balance | | 0.00% | 0.04% | 0.00% | 0.00% | 0.04% | | | |
| | # Loans | | - | 1 | - | - | 1 | | | |
| | % # Loans | | 0.00% | 0.04% | 0.00% | 0.00% | 0.04% | | | |
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 | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 171,034.13 | - | - | 171,034.13 | | | |
| | % Balance | | | 0.05% | 0.00% | 0.00% | 0.05% | | | |
| | # Loans | | | 1 | - | - | 1 | | | |
| | % # Loans | | | 0.05% | 0.00% | 0.00% | 0.05% | | | |
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 | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
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 | | - | 171,034.13 | - | - | 171,034.13 | | | |
| | % Balance | | 0.00% | 0.05% | 0.00% | 0.00% | 0.05% | | | |
| | # Loans | | - | 1 | - | - | 1 | | | |
| | % # Loans | | 0.00% | 0.05% | 0.00% | 0.00% | 0.05% | | | |
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 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Group | | | |
| | | | | | | | | | | |
| | & nbsp; | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | - | - | - | - | | | |
| | % Balance | | | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | | - | - | - | - | | | |
| | % # Loans | | | 0.00% | 0.00% | 0.00% | 0.00% | | | |
FORECLOSURE | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | ; | | |
| | # Loans | | - | - | - | - | - | &nbs p; | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | &nbs p; |
BANKRUPTCY | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
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 | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | &nb sp; | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | & nbsp; |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 13 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | &nb sp; | |
| Asset Backed Certificates | | | |
| | | | |
| REO Report for October 27, 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 | Loan Group 2 = Non Conform. Group; REO Book Value = 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. | | | |
| | | | | | | | | | | |
Loan Number | Original | Stated | | Current | State & | | | | | |
& | Princip al | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | |
| &nbs p; | | | | | | | | | | |
| | | | Page 14 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Foreclosure Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | LOAN GROUP | | | | | | | |
| | | | | | | | | | | |
Total Loan Count = 0 | | | | Loan Group 1 = Conform. Group | | | | | | | |
Total Original Principal Balance = 000.00 | | | | Loan Group 2 = Non Conform. Group | | | | | | | |
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 15 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 1 | 8 | 9 | | | |
| Number of Repurchased Loans | | | | | - | 4 | 4 | | | |
| Total Number of Loans Prepaid in Full | | | | | 1 | 12 | 13 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 322,874.71 | 1,424,661.93 | 1,747,536.64 | | | |
| Repurchased Loans Balance | | | | | - | 584,508.00 | 584,508.00 | | | |
| Curtailments Amount | | | | | 399,332.93 | 580,925.57 | 980,258.50 | | | |
| Total Prepayment Amount | | | | | 722,207.64 | 2,590,095.50 | 3,312,303.14 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 1 | 8 | 9 | | | |
| Number of Repurchased Loans | | | | | - | 4 | 4 | | | |
| Total Number of Loans Prepaid in Full | | | | | 1 | 12 | 13 | | | |
| &nb sp; | | | | | | | | | | |
| Paid in Full Balance | | | | | 322,874.71 | 1,424,661.93 | 1,747,536.64 | | | |
| Repurchased Loans Balance | | | | | - | 584,508.00 | 584,508.00 | | | |
| Curtailments Amount | | | | | 399,332.93 | 580,925.57 | 980,258.50 | | | |
| Total Prepayment Amount | | | | | 722,207.64 | 2,590,095.50 | 3,312,303.14 | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Prepayments by Groups (in thousands of dollars) | Total Prepayments (in thousands of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 16 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for October 27, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| SMM | | | | | 0.68% | 0.77% | 0.74% | | | |
| 3 Months Avg SMM | | | | | | | | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 0.68% | 0.77% | 0.74% | | | |
| | | | | | | | | | | |
| CPR | | | | | 7.81% | 8.82% | 8.58% | | | |
| 3 Months Avg CPR | | | | | | | | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 7.81% | 8.82% | 8.58% | | | |
| | | | | | | | | | | |
| PSA | | | | | 726.08% | 816.17% | 794.68% | | | |
| 3 Months Avg PSA Approximation | | | | | | | | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 726.08% | 816.17% | 794.68% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Co nform. | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CPR by Groups | Total CPR | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA by Groups | Total PSA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 17 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for October 27, 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 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) | | | |
Weight ed 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 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for October 27, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 13 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 2,339,950.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 2,332,044.64 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | & nbsp; |
| | |
5000054061 1 | | 57,800.00 | 57,539.22 | Oct-01-03 | 8.300% | OH - 85.00% | Paid Off - 360 | | | |
1000101653 1 | | 112,500.00 | 112,097.79 | Oct-01-03 | 7.750% | NV - 75.00% | Paid Off - 360 | Mar-05-03 | | |
1000107022 1 | | 273,750.00 | 273,006.37 | Oct-01-03 | 7.990% | CA - 75.00% | Paid Off - 360 | Apr-09-03 | | |
1000109016 1 | | 283,200.00 | 282,261.44 | Oct-01-03 | 6.990% | CA - 80.00% | Paid Off - 360 | Apr-22-03 | | |
5000057745 1 | | 71,250.00 | 71,122.91 | Oct-01-03 | 10.400% | TX - 75.00% | Paid Off - 360 | Apr-18-03 | | |
6000056338 1 | | 113,000.00 | 112,710.44 | Oct-01-03 | 8.300% | FL - 77.93% | Paid Off - 360 | Apr-07-03 | | |
7000066285 1 | | 300,000.00 | 298,809.55 | Oct-01-03 | 7.500% | WY - 51.28% | Paid Off - 360 | Mar-03-03 | | |
7000070000 1 | | 217,800.00 | 217,114.21 | Oct-01-03 | 7.250% | CA - 90.00% | Paid Off - 360 | Apr-10-03 | | |
1000109046 2 | | 324,000.00 | 322,874.71 | Oct-01-03 | 6.750% | CA - 80.00% | Paid Off - 360 | Apr-23-03 | | |
1000105033 1 | | 90,000.00 | 89,674.74 | Sep-30-03 | 7.700% | CA - 48.65% | Repur/Subs - 360 | Mar-21-03 | | |
1000108352 1 | | 182,400.00 | 181,852.33 | Sep-30-03 | 7.490% | CA - 79.30% | Repur/Subs - 360 | Apr-17-03 | | |
5000057816 1 | | 198,000.00 | 196,982.56 | Sep-30-03 | 6.850% | NY - 90.00% | Repur/Subs - 360 | Feb-28-03 | | |
6000051636 1 | & nbsp; | 116,250.00 | 115,998.37 | Sep-30-03 | 9.100% | FL - 75.00% | Repur/Subs - 360 | Apr-02-03 | | |
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| | | | | Page 19 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for October 27, 2003 Distribution | | | |
| | | | |
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| Realized Loss Report - Collateral | | | |
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COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods. | | | | | | | | | | |
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SPACE INTEN TIONALLY 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 20 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2 003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for October 27, 2003 Distribution | | | |
| | | | |
| & nbsp; | | | |
| 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 | | | | | | | | | | |
| 12 Months Avg MDR | | | | | | | | | | |
| Avg MDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg CDR | | | | | | | | | | |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| SDA | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg SDA Approximation | | | | | | | | | | |
| 12 Months Avg SDA Approximation | | | | | | | | | | |
| Avg SDA Since Cut-off Approximation | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| Loss Severity Approximation for Current Period | | | |
| 3 Months Avg Loss Severity Approximation | | | |
| 12 Months Avg Loss Severity Approximation | | | |
| Avg Loss Severity Approximation Since Cut-off | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
CDR by Groups | Total CDR | | | |
| | | | | | | | | | | |
| ; | | | | | | | | | | |
SDA by Groups | Total SDA | | | |
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| | | | Page 21 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for October 27, 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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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))) | | &nb sp; | |
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 Approximat ion 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 real ized gains and additional realized losses and gains from prior periods. | | | |
Dates correspond to distribution dates. | | | |
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| | | | Page 22 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
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| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 | | |
| Asset Backed Certificates | | |
| | | |
| Realized Loss Detail Report for October 27, 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 23 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution | | | |
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| Triggers, Adj. Rate Cert. an d Miscellaneous Report | | | |
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TRIGGER EVENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | | | | | | | 0.000000% | | | |
| Beginn ing Credit Enhancement Percentage | | | | | | | 19.999895% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 20.166374% | | | |
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ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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ADDITIONAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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| | | | Page 24 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Additional Certificate Report for October 27, 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-1 | | | | 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-4 | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| M-5 | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
| C | | | | 0.00 | 0.00 | 0.00 | 0.00 | | | |
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| | | | Page 25 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |