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| Fremont Home Loan Trust 2003-3 |
| Asset Backed Certificates |
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| |
| November 25, 2003 Distribution |
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| Contents |
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| | | | | | | &nbs p; | | | | |
| | | | | | | | | | | |
| | | 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 | | | | | | | | |
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| | | | Administrator: Eiko Akiyama | | | | | | | |
| | | | Direct Phone Number: (714)247-6328 | | | | | | | |
| | | | Address: Deutsche Bank | | | | | | | |
| | | | 1761 E. St. Andrew Place, Santa Ana, CA 92705 | | | | | | | |
| | | | | | | | | | | |
| | | | Web Site: https://www.corporatetrust.db.com/invr | &n bsp; | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
| | | | | | | | &n bsp; | | | |
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ISSUANCE INFORMATION | | | | | | | | | | | |
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| Seller: | | 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: November 25, 2003 | &n bsp; | | |
| Underwriter(s): | | Greenwich Capital Markets, Inc. | | | | | Record Date: November 24, 2003 | | | |
| | | | | | | | October 31, 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 November 25, 2003 Distribution |
| | | | | | | | | | | |
| | | | | | | | | | &nb sp; | |
| Distribution in Dollars - Current Period | | | | | | | | | | |
| | | | | Prior | | | | | | Current |
| Class | Original | Principal | | | Total | Realized | Deferred | Principal |
Class | Type | Face Value | Balance | Interest | Principal | Distribution | Losses | Interest | Balance |
| | | | | (1) | (2) | (3) | (4)=(2)+(3) | (5) | (6) | (7)=(1)-(3)-(5)+(6) |
| | | | | | | | | | | |
A-1 | FTV | 270,614,000.00 | 267,755,919.12 | 562,287.43 | 3,190,997.62 | 3,753,285.05 | - | - | 264,564,921.50 |
A-2 | FTV | 85,633,000.00 | 84,814,835.40 | 171,750.04 | 820,455.83 | 992,205.87 | - | - | 83,994,379.57 |
M-1 | MEZ | 31,172,000.00 | 31,172,000.00 | 46,329.39 | - | 46,329.39 | - | - | 31,172,000.00 |
M-2 | MEZ | 26,718,000.00 | 26,718,000.00 | 61,770.53 | - | 61,770.53 | - | - | 26,718,000.00 |
M-3 | MEZ | 5,566,000.00 | 5,566,000.00 | 14,213.40 | - | 14,213.40 | - | - | 5,566,000.00 |
M-4 | MEZ | 7,793,000.00 | 7,793,000.00 | 27,433.52 | - | 27,433.52 | - | - | 7,793,000.00 |
M-5 | MEZ | 8,906,000.00 | 8,906,000.00 | 36,732.30 | - | 36,732.30 | - | - | 8,906,000.00 |
C | EXE | 8,906,189.00 | 8,906,165.87 | 1,652,632.90 | - | 1,652,632.90 | - | - | 8,906,165.87 |
P | R | 100.00 | 100.00 | 96,418.83 | - | 96,418.83 | - | - | 100.00 |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 445,308,289.00 | 441,632,020.39 | 2,669,568.34 | 4,011,453.45 | 6,681,021.79 | - | - | 437,620,566.94 |
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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 | 989.438533 | 2.077821 | 11.791695 | 13.869515 | 977.646838 |
A-2 | | | A-30/360 | 35729PBS8 | 85,633,000.00 | 990.445686 | 2.005652 | 9.581071 | 11.586723 | 980.864615 |
M-1 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBT6 | 31,172,000.00 | 1,000.000000 | 1.486250 | - | 1.486250 | 1,000.000000 |
M-2 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBU3 | 26,718,000.00 | 1,000.000000 | 2.311944 | - | 2.311944 | 1,000.000000 |
M-3 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBV1 | 5,566,000.00 | 1,000.000000 | 2.553611 | - | 2.553611 | 1,000.000000 |
M-4 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBW9 | 7,793,000.00 | 1,000.000000 | 3.520277 | - | 3.520277 | 1,000.000000 |
M-5 | 10/27/03 | 11/24/03 | A-Act/360 | 35729PBX7 | 8,906,000.00 | 1,000.000000 | 4.124444 | - | 4.124444 | 1,000.000000 |
C | | | -30/360 | | 454,214,478.00 | 991.906265 | 3.638442 | - | 3.638442 | 983.074636 |
P | | | - | | 100.00 | 1,000.000000 | 964,188.300000 | - | 96 4,188.300000 | 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 November 25, 2003 Distribution |
| | | | | | | | | | | |
| | | | &nb sp; | | | | | | | |
| 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 | 1,130,576.83 | 5,513,487.11 | 535,591.39 | 6,049,078.50 | 7,179,655.33 | - | - | 264,564,921.50 |
A-2 | 85,633,000.00 | 345,156.87 | 1,446,669.79 | 191,950.64 | 1,638,620.43 | 1,983,777.30 | - | - | 83,994,379.57 |
M-1 | 31,172,000.00 | 97,451.47 | - | - | - | 97,451.47 | - | - | 31,172,000.00 |
M-2 | 26,718,000.00 | 129,931.12 | - | - | - | 129,931.12 | - | - | 26,718,000.00 |
M-3 | 5,566,000.00 | 29,897.15 | - | - | - | 29,897.15 | - | - | 5,566,000.00 |
M-4 | 7,793,000.00 | 57,705.00 | - | - | - | 57,705.00 | - | - | 7,79 3,000.00 |
M-5 | 8,906,000.00 | 77,264.50 | - | - | - | 77,264.50 | - | - | 8,906,000.00 |
C | 8,906,189.00 | 3,300,752.30 | 23.13 | - | 23.13 | 3,300,775.43 | - | - | 8,906,165.87 |
P | 100.00 | 149,096.43 | - | - | - | 149,096.43 | - | - | 100.00 |
R | - | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 445,308,289.00 | 5,317,831.67 | 6,960,180.03 | 727,542.03 | 7,68 7,722.06 | 13,005,553.73 | - | - | 437,620,566.94 |
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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 | Int erest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
A-1 | 2.52000% | 267,755,919.12 | 562,287.43 | - | - | - | 562,287.43 | 562,287.43 | - |
A-2 | 2.43000% | 84,814,835.40 | 171,750.04 | - | - | - | 171,750.04 | 171,750.04 | - |
M-1 | 1.84500% | 31,172,000.00 | 46 ,329.39 | - | - | - | 46,329.39 | 46,329.39 | - |
M-2 | 2.87000% | 26,718,000.00 | 61,770.53 | - | - | - | 61,770.53 | 61,770.53 | - |
M-3 | 3.17000% | 5,566,000.00 | 14,213.40 | - | - | - | 14,213.40 | 14,213.40 | - |
M-4 | 4.37000% | 7,793,000.00 | 27,433.52 | - | - | - | 27,433.52 | 27,433.52 | - |
M-5 | 5.12000% | 8,906,000.00 | 36,732.30 | - | - | - | 36,732.30 | 36,732.30 | - |
C | 4.49052% | 450,538,186.17 | 1,652,632.90 | - | - | - | 1,652,632.90 | 1,652,632.90 | 0.00 |
P | | 100.00 | 96,418.83 | - | 0.00 | - | 96,418.83 | 96,418.83 | - |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 883,264,040.69 | 2,669,568.34 | - | 0.00 | - | 2,669,568.34 | 2,669,568.34 | 0.00 |
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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 November 25, 2 003 Distribution | | | |
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| | | | | | | | | & nbsp; | | |
| Collection Account Report | | | |
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SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 820,455.83 | 3,190,997.62 | 4,011,453.45 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| TOTAL NET PRINCIPAL | | | | | 820,455.83 | 3,190,997.62 | 4,011,453.45 | | | |
| | | | | | | | | | | |
| Interest Collections | | | | | 615,548.89 | 2,219,335.82 | 2,834,884.71 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Fees | | | | | (40,247.31) | (125,069.04) | (165,316.35) | | | |
| TOTAL NET INTEREST | | | | | 575,301.58 | 2,094,266.78 | 2,669,568.36 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | 1,395,757.41 | 5,285,264.40 | 6,681,021.81 | | | |
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PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | 95,988.53 | 267,588.03 | 363,576.56 | | | |
| Curtailments | | | | | 0.00 | 1,236.46 | 1,236.46 | | | |
| Prepayments in Full | | | | | 724,467.30 | 2,922,173.13 | 3,646,640.43 | | | |
| Repurchases/Substitutions Shortfalls | | | | | 0.00 | 0.00 | 0.00 | | | |
| Liquidations | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Additional Principal | | | | | 0.00 | 0.00 | 0.00 | | | |
| Delinquent Principal | | | | | (11,261. 54) | (30,150.58) | (41,412.12) | | | |
| Advanced Principal | | | | | 11,261.54 | 30,150.58 | 41,412.12 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
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| TOTAL PRINCIPAL COLLECTED | | | | | 820,455.83 | 3,190,997.62 | 4,011,453.45 | | | |
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| | | | Page 4 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
&nbs p; | Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
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PRINCIPAL - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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PRINCIPAL - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
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| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 0.00 | 0.00 | 0.00 | | | |
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INTEREST - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | 620,065.85 | 2,139,194.78 | 2,759,260.63 | | | |
| Repurchases/Substitutions | | | | | 0.00 | 0.00 | 0.00 | | | |
| Liquidations | | | | | 0.00 | 0.00 | 0.00 | | | |
| Insurance Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Additional Interest | | | | | 0 .00 | 0.00 | 0.00 | | | |
| Month End Interest (PPIS) | | | | | (3,611.57) | (13,033.04) | (16,644.61) | | | |
| Delinquent Interest | | | | | (63,669.81) | (258,037.80) | (321,707.61) | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 3,611.57 | 13,033.04 | 16,644.61 | | | |
| Other Interest Shortfall (Relief Act) | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Advanced | | | | | 59,152.85 | 241,760.01 | 300,912.86 | | | |
| Prepayment Penalties | | | | | 0.00 | 96,418.83 | 96,418.83 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | | 615,548.89 | 2,219,335.82 | 2,834,884.71 | | | |
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| | | | Page 5 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | &nbs p; | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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INTEREST - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
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| TOTAL OTHER ACCOUNT INTEREST | | | | | 0.00 | 0.00 | 0.00 | | | |
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INTEREST - FEES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
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| Current Servicing Fees | | | | | 39,7 42.75 | 123,475.85 | 163,218.60 | | | |
| Trustee Fee | | | | | 504.56 | 1,593.19 | 2,097.75 | | | |
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| TOTAL INTEREST OTHER FEES | | | | | 40,247.31 | 125,069.04 | 165,316.35 | | | |
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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 November 25, 2003 Distribution | | | |
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| 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 | | | |
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INSURANCE | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
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STRUCTURAL FEATURES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Overcollateralization Target Amount | | & nbsp; | | | | | 8,906,165.78 | | | |
| Overcollateralized Amount | | | | | | | 8,906,165.78 | | | |
| Excess Overcollateralized Amount | | | | | | | 0.00 | | | |
| Overcollateralization Release Amount | | | | | 0.00 | 0 .00 | 0.00 | | | |
| Overcollateralization Deficiency Amount | | | | | | | 0.00 | | | |
| Extra Principal Distribution Amt | | | | | 0.00 | 0.00 | 0.00 | | & nbsp; | |
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| | | | Page 7 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
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COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 262 | 2044 | 2306 | | | |
| Prior | | | | | 260 | 2,028 | 2,288 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Paid Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (3) | (16) | (19) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 257 | 2,012 | 2,269 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 107,041,460.59 | 338,266,828.32 | 445,308,288.91 | | | |
| Prior | | | | | 106,223,290.84 | 335,408,729.46 | 441,632,020.30 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Principal | | | | | (95,988.53) | (267,588.03) | (363,576.56) | | | |
| Partial and Full Voluntary Prepayments | | | | | (724,467.30) | (2,923,409.59) | (3,647,876.89) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 105,402,835.01 | 332,217,731.84 | 437,620,566.85 | | | |
| | | | | | | | | | | |
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) | | | |
| | | | | | | | | | &n bsp; | |
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| | | | Page 8 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | & nbsp; | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 7.011438% | 7.654847% | 7.500187% | | | |
| Weighted Average Coupon Prior | | | | | 7.011438% | 7.654847% | 7.500187% | | | |
| Weighted Average Coupon Current | | | | | 7.004858% | 7.653449% | 7.497447% | | | |
| Weighted Average Months to Maturity Original | | | | | 350 | 351 | 351 | | | |
| Weighted Average Months to Maturity Prior | | | | | 350 | 351 | 351 | | | |
| Weighted Average Months to Maturity Current | | | | | - | - | - | | | |
| Weighted Avg Remaining Amortization Term Original | | | | | 351 | 351 | 351 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | 351 | 351 | 351 | | | |
| Weighted Avg Remaining Amortizati on Term Current | | | | | 350 | 350 | 350 | | | |
| Weighted Average Seasoning Original | | | | | 5.38 | 5.40 | 5.40 | | | |
| Weighted Average Seasoning Prior | | | | | 5.38 | 5.40 | 5.40 | | | |
| Weighted Average Seasoning Current | | | | | 6.37 | 6.40 | 6.39 | | | |
| | | | | | | | | | | |
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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Margin Original | | | | | 4.855% | 5.351% | | | | |
| Weighted Average Margin Prior | | | | | 4.855% | 5.351% | | | | |
| Weighted Average Margin Current | | | | | 4.841% | 5.343% | | | | |
| Weighted Average Max Rate Original | | | | | 9.936% | 11.311% | | | | |
| Weighted Average Max Rate Prior | | | | | 9.936% | 11.311% | | | | |
| Weighted Average Max Rate Current | | | | | 9.903% | 11.292% | | | | |
| Weighted Average Min Rate Original | | | | | 5.033% | 5.940% | | | | |
| Weighted Average Min Rate Prior | | | | | 5.033% | 5.940% | | | | |
| Weighted Average Min Rate Current | | | | | 5.013% | 5.930% | | | | |
| Weighted Average Cap Up Original | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Up Prior | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Up Current | | | | | 1.048% | 1.149% | | | | |
| Weighted Average Cap Down Original | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Down Prior | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Down Current | | | | | 1.048% | 1.149% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue . | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 39,742.75 | 123,475.85 | 163,218.60 | | | |
| Delinquent Servicing Fees | | | | | 4,516.96 | 16,277.79 | 20,794.75 | | | |
| TOTAL SERVICING FEES | | | | | 44,259.71 | 139,753.64 | 184,013.35 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 44,259.71 | 139,753.64 | 184,013.35 | | | |
| Compensating Month End Interest | | | | | 3,611.57 | 13,033.04 | 16,644.61 | | | |
| Delinquent Servicing Fees | | | | | (4,516.96) | (16,277.79) | (20,794.75) | | | |
| | | | | | | | | | | |
&n bsp; | COLLECTED SERVICING FEES | | | | | 43,354.32 | 136,508.89 | 179,863.21 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 3,611.57 | 13,033.04 | 16,644.61 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | 59,152.85 | 241,760.01 | 300,912.86 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | | |
| | | | |
&n bsp; | Delinquency Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 5,745,691.19 | - | - | 5,745,691.19 | | | |
| | % Balance | | | 1.31% | 0.00% | 0.00% | 1.31% | | | |
| | # Loans | | | 30 | - | - | 30 | | | |
| | % # Loans | | | 1.32% | 0.00% | 0.00% | 1.32% | | | |
FORECLOSUR E | | Balance | | - | - | - | - | - | | | |
&nbs p; | | % 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 | | - | 5,745,691.19 | - | - | 5,745,691.19 | | | &n bsp; |
| | % Balance | | 0.00% | 1.31% | 0.00% | 0.00% | 1.31% | | | |
| | # Loans | | - | 30 | - | - | 30 | | | |
| | % # Loans | | 0.00% | 1.32% | 0.00% | 0.00% | 1.32% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | | | | | | | | | |
| | | & nbsp; | | | | | 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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 5,745,691.19 | - | - | 5,745,691.19 | | | |
| | % Balance | | | 1.73% | 0.00% | 0.00% | 1.73% | | | |
| | # Loans | | | 30 | - | - | 30 | | | |
| | % # Loans | | | 1.49% | 0.00% | 0.00% | 1.49% | | | |
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 | | - | 5,745,691.19 | - | - | 5,745,691.19 | | | |
| | % Balance | | 0.00% | 1.73% | 0.00% | 0.00% | 1.73% | | | |
| | # Loans | | - | 30 | - | - | 30 | | | |
| | % # Loans | | 0.00% | 1.49% | 0.00% | 0.00% | 1.49% | | | |
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 | | | |
| | | | | | | | | | &n bsp; | |
| | | | | | | | | | | |
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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <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 | | - | - | - | - | - | | | |
| | % # 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 | | Bala nce | | - | - | - | - | - | | | |
| | % B alance | | 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% | | | |
Note: <1 Payment = 0-29days, 1 Payment = 30-59days, 2 Payments = 60-89days, 3+ Payments = 90+ | | | |
| | | | | | | | 6 Months Moving Average | | | |
1 or 2 Payments Delinquent | 3 or More Payments Delinquent | | | |
| &nbs p; | | | | | | | | | | |
| | | | | | | | | | | |
Total Foreclosure | Total Bankruptcy and REO | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Note: Dates correspond to distribution dates. | | | | | | | | | | | |
| | | | Page 13 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| 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 | 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 & | | | | | |
& | Principal | Principal | Paid to | Note | LTV at | Original | Origination | | | |
Loan Group | Balance | Balance | Date | Rate | Origination | Term | Date | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 14 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| 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 = 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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment R eport - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 3 | 16 | 19 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 3 | 16 | 19 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 724,467.30 | 2,922,173.13 | 3,646,640.43 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | - | 1,236.46 | 1,236.46 | | | |
| Total Prepayment Amount | | | | | 724,467.30 | 2,923,409.59 | 3,647,876.89 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 4 | 24 | 28 | | | |
| Number of Repurchased Loans | | | | | - | 4 | 4 | | | |
| Total Number of Loans Prepaid in Full | | | | | 4 | 28 | 32 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 1,047,342.01 | 4,346,835.06 | 5,394,177.07 | | | |
| Repurchased Loans Balance | | | | | - | 584,508.00 | 584,508.00 | | | |
| Curtailments Amount | | | | | 399,332.93 | 582,162.03 | 981,494.96 | | | |
| Total Prepayment Amount | | | | | 1,446,674.94 | 5,513,505.09 | 6,960,180.03 | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
Total Prepayments by Groups (in thousands of dollars) | Total Prepayments (in thousands of dollars) | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | &n bsp; | | Page 16 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTA L | | | |
| | | | | | | | | | &nbs p; | |
| SMM | | | | | 0.68% | 0.87% | 0.83% | | | |
| 3 Months Avg SMM | | | | | | | | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 0.68% | 0.82% | 0.79% | | | |
| | | | | | | | | | | |
| CPR | | | | | 7.89% | 9.98% | 9.48% | | | |
| 3 Months Avg CPR | | | | | | | | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 7.85% | 9.40% | 9.03% | | | |
| | | | | | | | | | | |
| PSA | | | | | 619.41% | 779.50% | 741.46% | | | |
| 3 Months Avg PSA Approximation | | | | | | | | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 668.24% | 796.44% | 765.91% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | |
CPR Avg since Cut-Off by Groups | Total CPR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA Avg since Cut-Off by Groups | Total PSA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PREPAY MENT CALCULATION METHODOLOGY | | | |
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) | | | |
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) | | | |
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) | | | |
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m) | | | |
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12) | | | |
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m)) | | | |
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m) | | | |
Weighted Average Seasoning (WAS) | | | |
| | | |
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 18 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 | | |
| Asset Backed Certificates | | |
| | | |
| Prepayment Detail Report for November 25, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SU MMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 19 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 3,661,561.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 3 ,646,640.43 | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | |
| | |
11535986 1 | | 188,000.00 | 187,306.20 | Oct-17-03 | 7.900% | MD - 89.52% | Paid Off - 360 | Apr-01-03 | | |
11538964 1 | | 159,920.00 | 159,353.98 | Oct-09-03 | 7.800% | FL - 80.00% | Paid Off - 360 | Apr-17-03 | | |
11539178 1 | | 190,000.00 | 189,461.14 | Oct-01-03 | 8.890% | FL - 95.00% | Paid Off - 360 | Apr-22-03 | | |
11541934 1 | | 244,000.00 | 242,885.39 | Oct-01-03 | 7.450% | CA - 80.00% | Paid Off - 360 | Mar-19-03 | | |
11542379 1 | | 193,500.00 | 192,706.28 | Nov-01-03 | 7.990% | CA - 90.00% | Paid Off - 360 | Mar-21-03 | | |
11543351 1 | | 212,000.00 | 211,077.02 | Oct-20-03 | 6.750% | CA - 73.10% | Paid Off - 360 | Mar-28-03 | | |
11544045 1 | | 100,000.00 | 99,520.59 | Oct-10-03 | 6.250% | CA - 80.00% | Paid Off - 360 | Apr-07-03 | | |
11544102 1 | | 117,000.00 | 116,601.39 | Oct-14-03 | 7.990% | CA - 90.00% | Paid Off - 360 | Apr-03-03 | | |
11544540 1 | | 220,491.00 | 219,620.51 | Oct-01-03 | 7.250% | CA - 90.00% | Paid Off - 360 | Apr-11-03 | | |
11546488 1 | | 155,000.00 | 154,163.14 | Oct-01-03 | 7.400% | NM - 73.81% | Paid Off - 360 | Feb-19-03 | | |
11547114 1 | | 90,000.00 | 89,698.79 | Oct-01-03 | 8.990% | CA - 90.00% | Paid Off - 360 | Mar-07-03 | | |
11548914 1 | | 208,000.00 | 207,253.60 | Oct-17-03 | 8.650% | CA - 80.00% | Paid Off - 360 | Mar-25-03 | | |
11555158 1 | | 250,000.00 | 249,306.88 | Oct-07-03 | 9.000% | IL - 64.60% | Paid Off - 360 | Apr-09-03 | | |
11557261 1 | | 265,500.00 | 264,590.88 | Nov-01-03 | 8.000% | MN - 90.00% | Paid Off - 360 | Apr-21-03 | | |
11558913 1 | | 168,000.00 | 167,593.21 | Oct-01-03 | 9.650% | NJ - 70.00% | Paid Off - 360 | Apr-25-03 | | |
11559564 1 | | 172,000.00 | 171,034.13 | Oct-16-03 | 7.200% | CO - 84.73% | Paid Off - 360 | Feb-07-03 | | |
11546983 2 | | 328,000.00 | 326,176.10 | Oct-01-03 | 7.250% | CA - 80.00% | Paid Off - 360 | Feb-21-03 | | |
11548054 2 | | 333,000.00 | 331,417.63 | Oct-14-03 | 7.250% | CA - 90.00% | Paid Off - 360 | Mar-21-03 | | |
11553806 2 | | 67,150.00 | 66,873.57 | Oct-09-03 | 8.750% | WI - 85.00% | Paid Off - 360 | Feb-17-03 | | |
| | | | | | | | | | |
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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 Novembe r 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | &nbs p; | | | |
COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Los s/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | | | | - | - | - | | | |
| Net Liquidation Proceeds | | | | | - | - | - | | | |
| | | | | | | | | | | |
| Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods. | | | | | | | | | | |
| | | | | | | | | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Conform. | | | | | | 3 Months Moving Average | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
Collateral Loss Severity Approximat ion by Groups | Collateral Loss Severity Approximation | | | |
| | | | | | | | | | | |
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| | | | Page 20 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
DEFAULT SPEEDS | | | & nbsp; | | | 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 | | &nbs p; | | | | | | | | |
| 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 | | | | | | | | | | |
| Av g 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 | | | |
| | | | | | | | | | &nb sp; | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
CDR by Groups | Total CDR | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SDA by Groups | Total SDA | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 21 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for November 25, 2003 Distribution | | | |
| | &n bsp; | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
CDR Avg since Cut-Off by Groups | Total CDR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SDA Avg since Cut-Off by Groups | Total SDA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL REALIZED LOSS CALCULATIO N METHODOLOGY | | | |
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | | | |
Conditional Default Rate (CDR): 1-((1-MDR)^12) | | | |
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) | | | |
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m) | | | |
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12) | | | |
Average SDA Approximation over period between the nth month and mth month: | | | |
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) | | | |
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m) | | | |
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans) | | | |
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) | | | |
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods. | | | |
Dates correspond to distribution dates. | | | |
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| | | | Page 22 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 | | |
| 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 | | 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: T otal 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, Ad j. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
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| | | | | | | | | | | |
TRIGGER EVENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | | | | | | | 0.000000% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 20.166374% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 20.351229% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 November 25, 2003 Distribution | | | |
| | | | |
| | | | |
| Additional Certificate Report | | | |
| | | | | | | | | | | |
| | | |
| 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 | | | |