| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 |
| Asset Backed Certificates |
| |
| |
| December 26, 2003 Distribution |
| |
| |
| Contents |
| | | | | | | | | | | |
| | | | | | | &nbs p; | | | | |
| | | | | | | | | | | |
| | | TABLE OF CONTENTS | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | Page | | | |
| | | | | | | | | | | |
| | | 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 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Total Number of Pages | | | | 25 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | 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 | &n bsp; | | | | | | |
| | | | Factor Information: (800) 735-7777 | | | | | | | |
| | | | Main Phone Number: (714) 247-6000 | | | | | | | |
| | | | | | | | &n bsp; | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ISSUANCE INFORMATION | | | | | | | | | | | |
| | | | | | | | | | | |
| 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 | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | Distribution Date: December 26, 2003 | &n bsp; | | |
| Underwriter(s): | | Greenwich Capital Markets, Inc. | | | | | Record Date: November 28, 2003 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | Page 1 of 25 | | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-3 |
| Asset Backed Certificates |
| Series 2003-3 |
| C ertificate Payment Report for December 26, 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 | 264,564,921.50 | 555,586.34 | 7,065,040.27 | 7,620,626.61 | - | - | 257,499,881.23 |
A-2 | FTV | 85,633,000.00 | 83,994,379.57 | 170,088.62 | 2,433,633.88 | 2,603,722.50 | - | - | 81,560,745.69 |
M-1 | MEZ | 31,172,000.00 | 31,172,000.00 | 49,490.96 | - | 49,490.96 | - | - | 31,172,000.00 |
M-2 | MEZ | 26,718,000.00 | 26,718,000.00 | 66,001.81 | - | 66,001.81 | - | - | 26,718,000.00 |
M-3 | MEZ | 5,566,000.00 | 5,566,000.00 | 15,187.64 | - | 15,187.64 | - | - | 5,566,000.00 |
M-4 | MEZ | 7,793,000.00 | 7,793,000.00 | 29,317.10 | - | 29,317.10 | - | - | 7,793,000.00 |
M-5 | MEZ | 8,906,000.00 | 8,906,000.00 | 39,255.98 | - | 39,255.98 | - | - | 8,906,000.00 |
C | EXE | 8,906,189.00 | 8,906,165.87 | 1,623,849.80 | - | 1,623,849.80 | - | - | 8,906,165.87 |
P | R | 100.00 | 100.00 | 208,636.76 | - | 208,636.76 | - | - | 100.00 |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 445,308,289.00 | 437,620,566.94 | 2,757,415.01 | 9,498,674.15 | 12,256,089.16 | - | - | 428,121,892.79 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| 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 | 977.646838 | 2.053058 | 26.107446 | 28.160504 | 951.539393 |
A-2 | | | A-30/360 | 35729PBS8 | 85,633,000.00 | 980.864615 | 1.986251 | 28.419346 | 30.405597 | 952.445269 |
M-1 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBT6 | 31,172,000.00 | 1,000.000000 | 1.587674 | - | 1.587674 | 1,000.000000 |
M-2 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBU3 | 26,718,000.00 | 1,000.000000 | 2.470313 | - | 2.470313 | 1,000.000000 |
M-3 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBV1 | 5,566,000.00 | 1,000.000000 | 2.728645 | - | 2.728645 | 1,000.000000 |
M-4 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBW9 | 7,793,000.00 | 1,000.000000 | 3.761979 | - | 3.761979 | 1,000.000000 |
M-5 | 11/25/03 | 12/25/03 | A-Act/360 | 35729PBX7 | 8,906,000.00 | 1,000.000000 | 4.407813 | - | 4.407813 | 1,000.000000 |
C | | | -30/360 | | 454,214,478.00 | 983.074636 | 3.575073 | - | 3.575073 | 962.162326 |
P | | | - | | 100.00 | 1,000.000000 | 2,086,367.600000 | - | 2,086,367.600000 | 1,000.000000 |
R | | | - | | - | - | - | - | - | - |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 2 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-3 |
| Asset Backed Certificates |
| Series 2003-3 |
| Certificate Payment Report for December 26, 2003 Distribution |
| | | | &nb sp; | | | | | | | |
| | | | | | | | | | | |
| Distribution in Dollars - to Date | | | | | | | | | | |
| | | | | | | | | | Current |
| Original | | Unsche duled | 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 | 1,686,163.17 | 12,313,984.88 | 800,133.89 | 13,114,118.77 | 14,800,281.94 | - | - | 257,499,881.23 |
A-2 | 85,633,000.00 | 515,245.49 | 3,785,936.34 | 286,317.97 | 4,072,254.31 | 4,587,499.80 | - | - | 81,560,745.69 |
M-1 | 31,172,000.00 | 146,942.43 | - | - | - | 146,942.43 | - | - | 31,172,000.00 |
M-2 | 26,718,000.00 | 195,932.93 | - | - | - | 195,932.93 | - | - | 26,718,0 00.00 |
M-3 | 5,566,000.00 | 45,084.79 | - | - | - | 45,084.79 | - | - | 5,566,000.00 |
M-4 | 7,793,000.00 | 87,022.10 | - | - | - | 87,022.10 | - | - | 7,793,000.00 |
M-5 | 8,906,000.00 | 116,520.48 | - | - | - | 116,520.48 | - | - | 8,906,000.00 |
C | 8,906,189.00 | 4,924,602.10 | 23.13 | - | 23.13 | 4,924,625.23 | - | - | 8,906,165.87 |
P | 100.00 | 357,733.19 | - | - | - | 357,733.19 | - | - | 100.00 |
R | - | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | 445,308,289.00 | 8,075,246.68 | 16,099,944.35 | 1,086,451.86 | 17,186,396.21 | 25,261,642.89 | - | - | 428,121,892.79 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Interest Detail | | | | | | | | | | |
| Pass- | Prior Principal | | Non- | Prior | Unscheduled | | Paid or | Current |
| Through | (with Notional) | Accrued | Supported | Unpaid | Interest | Optimal | Deferred | Unpaid |
Class | Rate | Balance | Interest | Interest SF | Interest | Adjustments | Interest | Interest | Interest |
| | | (1) | (2) | (3) | (4) | (5)=(1)-(2)+(3)+(4) | (6) | (7)=(5)-(6) |
| | | | | | | | | |
A-1 | 2.52000% | 264,564,921.50 | 555,586.34 | - | - | - | 555,586.34 | 555,586.34 | - |
A-2 | 2.43000% | 83,994,379.57 | 170, 088.62 | - | - | - | 170,088.62 | 170,088.62 | - |
M-1 | 1.84375% | 31,172,000.00 | 49,490.96 | - | - | - | 49,490.96 | 49,490.96 | - |
M-2 | 2.86875% | 26,718,000.00 | 66,001.81 | - | - | - | 66,001.81 | 66,001.81 | - |
M-3 | 3.16875% | 5,566,000.00 | 15,187.64 | - | - | - | 15,187.64 | 15,187.64 | - |
M-4 | 4.36875% | 7,793,000.00 | 29,317.10 | - | - | - | 29,317.10 | 29,317.10 | - |
M-5 | 5.11875% | 8,906,000.00 | 39,255.98 | - | - | - | 39,255.98 | 39,255.98 | - |
C | 4.45276% | 446,526,732.72 | 1,623,849.80 | - | - | - | 1,623,849.80 | 1,623,849.80 | 0.00 |
P | | 100.00 | 208,636.76 | - | 0.00 | - | 208,636.76 | 208,636.76 | - |
R | | - | - | - | - | - | - | - | - |
| | | | | | | | | |
| | | | | | | | | |
Total | | 875,241,133.79 | 2,757,415.01 | - | 0.00 | - | 2,757,415.01 | 2,757,415.01 | 0.00 |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | Page 3 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for December 26, 2003 Distribution | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Principal Collections | | | | | 2,433,633.88 | 7,065,040.27 | 9,498,674.15 | | | |
| Principal Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Principal Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| TOTAL NET PRINCIPAL | | | | | 2,433,633.88 | 7,065,040.27 | 9,498,674.15 | | & nbsp; | |
| | | | | | | | | | | |
| Interest Collections | | | | | 659,580.17 | 2,259,176.05 | 2,918,756.22 | | | |
| Interest Withdrawals | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Other Accounts | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Fees | | | | | (38,283.47) | (123,057.70) | (161,341.18) | | | |
| TOTAL NET INTEREST | | | | | 621,296.70 | 2,136,118.35 | 2,757,415.04 | | | |
| | | | | | | | | | | |
| TOTAL AVAILABLE FUNDS TO BONDHOLDERS | | | | | 3,054,930.58 | 9,201,158.62 | 12,256,089.19 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - COLLECTIONS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Principal | | | | | 94,367.33 | 264,542.50 | 358,909.83 | | | |
| Curtailments | | | | | (0.16) | 11,421.63 | 11,421.47 | | | |
| Prepayments in Full | | | | | 2,339,266.71 | 6,789,076.14 | 9,128,342.85 | | | |
| 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 | | | | | (12,155.12) | (30,504.17) | (42,659.29) | | | |
| Advanced Principal | | | | | 12,155.12 | 30,504.17 | 42,659.29 | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL PRINCIPAL COLLECTED | | | | | 2,433,633.88 | 7,065,040.27 | 9,498,674.15 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 4 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
&nb sp; | Collection Account Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PRINCIPAL - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | &nbs p; | |
PRINCIPAL - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL OTHER ACCOUNTS PRINCIPAL | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - COLLECTIONS | | | &nb sp; | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Scheduled Interest | | | | | 615,059.34 | 2,118,139.54 | 2,733,198.88 | | | |
| 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) | | | | | 0.00 | 0.00 | 0.00 | | | |
| Delinquent Interest | | | | | (89,266.07) | (270,580.97) | (359,847.04) | | | |
| Realized Losses | | | | | 0.00 | 0.00 | 0.00 | | | |
| Compensating Month End Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Other Interest Shortfall (Relief Act) | | | | | 0.00 | 0.00 | 0.00 | | | |
| Interest Advanced | | | | | 83,131.03 | 253,636.59 | 336,767.62 | | | |
| Prepayment Penalties | | | | | 50,655.87 | 157,980.89 | 208,636.76 | | | |
| | | | | | | | | | | |
| TOTAL INTEREST COLLECTED | | | | | 659,580.17 | 2,259,176.05 | 2,918,756.22 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 5 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collection Account Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collection Account Report | | | |
| | | | | | | | | | | |
| | &nbs p; | | | | | | | | | |
INTEREST - WITHDRAWALS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - OTHER ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL OTHER ACCOUNT INTEREST | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
INTEREST - FEES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 37,782.81 | 121,479.67 | 159,262.48 | | | |
| Trustee Fee | | | | | 500.66 | 1,578.03 | 2,078.70 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| TOTAL INTEREST OTHER FEES | | | | | 38,283.47 | 123,057.70 | 161,341.18 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 6 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
&nbs p; | Asset Backed Certificates | | | |
| | | | |
| Credit Enhancement Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Credit Enhancement Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ACCOUNTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Net WAC Rate Carryover Reserve Fund Beginning Balance | | | | | | | 0.00 | | | |
| Amount paid to maintain $1,000 balance | | | | | | | 0.00 | | | |
| Net WAC Rate Carryover Amount | | | | | | | 0.00 | | | |
| Net WAC Rate Carryover Reserve Fund Ending Balance | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| Int Earnings paid to Class C | | | | | | | 0.00 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | | | | | | 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 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 7 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Collateral Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | ; | | | | | | |
| | | | | | | | | | | |
COLLATERAL | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| Loan Count: | | | | | | | | | | |
| Original | | | | | 262 | 2044 | 2306 | | | |
| Prior | | | | | 257 | 2,012 | 2,269 | | | |
| Prefunding | | | | | - | - | - | | | |
| Scheduled Pai d Offs | | | | | - | - | - | | | |
| Full Voluntary Prepayments | | | | | (5) | (37) | (42) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 252 | 1,975 | 2,227 | | | |
| | | | | | | | | | | |
| Principal Balance: | | | | | | | | | | |
| Original | | | | | 107,041,460.59 | 338,266,828.32 | 445,308,288.91 | | | |
| Prior | | | | | 105,402,835.01 | 332,217,731.84 | 437,620,566.85 | | | |
| Prefunding | | | | | - | - | - | &n bsp; | | |
| Scheduled Principal | | | | | (94,367.33) | (264,542.50) | (358,909.83) | | &nbs p; | |
| Partial and Full Voluntary Prepayments | | | | | (2,339,266.55) | (6,800,497.77) | (9,139,764.32) | | | |
| Repurchases | | | | | - | - | - | | | |
| Liquidations | | | | | - | - | - | | | |
| Current | | | | | 102,969,201.13 | 325,152,691.57 | 428,121,892.70 | | | |
| | | | | | | | | | | |
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 | | | |
| | | | |
| Collateral Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Weighted Average Coupon Original | | | | | 7.011438% | 7.654847% | 7.500187% | | | |
| Weighted Average Coupon Prior | | | | | 7.004858% | 7.653449% | 7.497447% | | | |
| Weighted Average Coupon Current | | | | | 7.002385% | 7.650908% | 7.494709% | | | |
| Weighted Average Months to Maturity Original | | | | | 350 | 351 | 351 | | | |
| Weighted Average Months to Maturity Prior | | | | | - | - | - | | | |
| Weighted Average Months to Maturity Current | | | | | 348 | 349 | 349 | | | |
| Weighted Avg Remaining Amortization Term Orig inal | | | | | 351 | 351 | 351 | | | |
| Weighted Avg Remaining Amortization Term Prior | | | | | 350 | 350 | 350 | | | |
| Weighted Avg Remaining Amortization Term Current | | | | | 349 | 349 | 349 | | | |
| Weighted Average Seasoning Original | | | | | 5.38 | 5.40 | 5.40 | | | |
| Weighted Average Seasoning Prior | | | | | 6.37 | 6.40 | 6.39 | | | |
| Weighted Average Seasoning Current | | | | | 7.35 | 7.40 | 7.39 | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | &n bsp; | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| 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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Collateral Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ARM CHARACTERISTICS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | &nbs p; | | | | | | |
| Weighted Average Margin Original | | | | | 4.855% | 5.351% | | | | |
| Weighted Average Margin Prior | | | | | 4.841% | 5.343% | | | | |
| Weighted Average Margin Current | | | | | 4.827% | 5.337% | | | | |
| Weighted Average Max Rate Original | | | | | 9.936% | 11.311% | | | | &n bsp; |
| Weighted Average Max Rate Prior | | | | | 9.903% | 11.292% | | | | |
| Weighted Average Max Rate Current | | | | | 9.873% | 11.278% | | | | |
| Weighted Average M in Rate Original | | | | | 5.033% | 5.940% | | | | |
| Weighted Average Min Rate Prior | | | | | 5.013% | 5.930% | | | | |
| Weighted Average Min Rate Current | | | | | 4.997% | 5.922% | | | | |
| Weighted Average Cap Up Original | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Up Prior | | | | | 1.048% | 1.149% | | | | |
| Weighted Average Cap Up Current | | | | | 1.045% | 1.148% | | | | |
| Weighted Average Cap Down Original | | | | | 1.051% | 1.151% | | | | |
| Weighted Average Cap Down Prior | | | | | 1.048% | 1.149% | | | | |
| Weighted Average Cap Down Current | | | | | 1.045% | 1.148% | | | | |
| | | | | | | | | | | |
Note: Original information refers to deal issue. | | | | | | | | | | | |
| | | | | | | | | | | |
SERVICING FEES / ADVANCES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Current Servicing Fees | | | | | 37,782.81 | 121,479.67 | 159,262.48 | | | |
| Delinquent Servicing Fees | | | | | 6,135.04 | 16,944.39 | 23,079.43 | | | |
| TOTAL SERVICING FEES | | | | | 43,917.85 | 138,424.06 | 182,341.91 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Total Servicing Fees | | | | | 43,917.85 | 138,424.06 | 182,341.91 | | | |
| Compensating Month End Interest | | | | | 0.00 | 0.00 | 0.00 | | | |
| Delinquent Servicing Fees | | | | | (6,135.04) | (16,944.39) | (23,079.43) | | | |
| | | | | | | | | | | |
| COLLECTED SERVICING FEES | | | | | 37,782.81 | 121,479.67 | 159,262.48 | | | |
| | | | | | | | | | | |
| Prepayment Interest Shortfall | | | | | 0.00 | 0.00 | 0.00 | | | |
| | | | | | | | | | | |
| Total Advanced Interest | | | | | 83,131.03 | 253,636.59 | 336,767.62 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL COLLATERAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Next One-Month LIBOR | | | | | | | 1.118750% | | | |
| Current One-Month LIBOR | | | | | | | 1.118750% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 10 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Total | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | &nb sp; | | |
DELINQUENT | | Balance | | | 9,859,414.61 | 3,552,625.77 | - | 13,412,040.38 | | | |
| | % Balance | | | 2.30% | 0.83% | 0.00% | 3.13% | | | |
| | # Loans | | | 53 | 19 | - | 72 | | | |
| | % # Loans | | | 2.38% | 0.85% | 0.00% | 3.23% | | | |
FORECLOSURE | | Balance | | - | - | - | - | - | | | |
| | % Balance | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | &nb sp; | - | - | - | - | - | | | |
| | % # 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 | | - | 9,859,414.61 | 3,552,625.77 | - | 13,412,040.38 | | | |
| | % Balance | | 0.00% | 2.30% | 0.83% | 0.00% | 3.13% | | | |
| | # Loans | | - | 53 | 19 | - | 72 | | | |
| | % # Loans | | 0.00% | 2.38% | 0.85% | 0.00% | 3.23% | | | |
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 | | | |
&nb sp; | | | | | | | | | | | |
| | | | | | | | | | | |
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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Conform. Group | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYMENT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 7,486,857.73 | 3,191,080.87 | - | 10,677,938.60 | | | |
| | % Balance | | | 2.30% | 0.98% | 0.00% | 3.28% | | | |
| | # Loans | | | 47 | 18 | - | 65 | | | |
| | % # Loans | | | 2.38% | 0.91% | 0.00% | 3.29% | | | |
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 | & nbsp; | - | - | - | - | - | | | |
| | % 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 | | - | 7,486,857.73 | 3,191,080.87 | - | 10,677,938.60 | | | |
| | % Balance | | 0.00% | 2.30% | 0.98% | 0.00% | 3.28% | | | |
| | # Loans | | - | 47 | 18 | - | 65 | | | |
| | % # Loans | | 0.00% | 2.38% | 0.91% | 0.00% | 3.29% | | | |
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 12 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Delinquency Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Delinquency Report - Non Conform. Group | | | |
| | & nbsp; | | | | | | | | | |
| | | | | | | | | | | |
| | | | <1 PAYMENT | 1 PAYME NT | 2 PAYMENTS | 3+ PAYMENTS | TOTAL | | | |
DELINQUENT | | Balance | | | 2,372,556.88 | 361,544.9 0 | - | 2,734,101.78 | | | |
| | % Balance | | | 2.30% | 0.35% | 0.00% | 2.66% | | | |
| | # Loans | | | 6 | 1 | - | 7 | | | |
| | % # Loans | | | 2.38% | 0.40% | 0.00% | 2.78% | | | |
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 | | 0.0 0% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | # Loans | | - | - | - | - | - | | | |
| | % # Loans | | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
TOTAL | | Balance | | - | 2,372,556.88 | 361,544.90 | - | 2,734,101.78 | | | |
| | % Balance | | 0.00% | 2.30% | 0.35% | 0.00% | 2.66% | | | |
| | # Loans | | - | 6 | 1 | - | 7 | | | |
| | % # Loans | | 0.00% | 2.38% | 0.40% | 0.00% | 2.78% | | | |
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 13 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| REO Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
&n bsp; | 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 December 26, 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 | T erm | Date | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | & nbsp; | | | | | | |
| | | | | | | | | | | |
| | | | Page 15 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Prepayment Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENTS | &nbs p; | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 5 | 37 | 42 | | | |
| Number of Repurchased Loans | | | | | - | - | - | | | |
| Total Number of Loans Prepaid in Full | | | | | 5 | 37 | 42 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 2,339,266.71 | 6,789,076.14 | 9,128,342.85 | | | |
| Repurchased Loans Balance | | | | | - | - | - | | | |
| Curtailments Amount | | | | | (0.16) | 11,421.63 | 11,421.47 | | | |
| Total Prepayment Amount | | | | | 2,339,266.55 | 6,800,497.77 | 9,139,764.32 | | | |
| | | | | | | | | | | |
| Cumulative | | | | | | | | | | |
| Number of Paid in Full Loans | | | | | 9 | 61 | 70 | | | |
| Number of Repurchased Loans | | | | | - | 4 | 4 | | | |
| Total Number of Loans Prepaid in Full | | | | | 9 | 65 | 74 | | | |
| | | | | | | | | | | |
| Paid in Full Balance | | | | | 3,386,608.72 | 11,135,911.20 | 14,522,519.92 | | | |
| Repurchased Loans Balance | | | | | - | 584,508.00 | 584,508.00 | | | |
| Curtailments Amount | | | | | 399,332 .77 | 593,583.66 | 992,916.43 | | | |
| Total Prepayment Amount | | | | | 3,785,941.49 | 12,314,002.86 | 16,099,944.35 | | | |
| | | | | | | | | | | |
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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
& nbsp; | Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
VOLUNTARY PREPAYMENT RATES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | & nbsp; |
| | | | | | | | | | | |
| SMM | | | | | 2.22% | 2.05% | 2.09% | | | |
| 3 Months Avg SMM | | | | | 1.20% | 1.23% | 1.22% | | | |
| 12 Months Avg SMM | | | | | | | | | | |
| Avg SMM Since Cut-off | | | | | 1.20% | 1.23% | 1.22% | | | |
| | | | | | | | | | | |
| CPR | | | | | 23.63% | 21.99% | 22.39% | | | |
| 3 Months Avg CPR | | | | | 13.44% | 13.81% | 13.72% | | | |
| 12 Months Avg CPR | | | | | | | | | | |
| Avg CPR Since Cut-off | | | | | 13.44% | 13.81% | 13.72% | | | |
| | | | | | | | | | | |
| PSA | | | | | 1606.64% | 1485.82% | 1514.97% | | | |
| 3 Months Avg PSA Approximation | | | | | 1055.62% | 1078.61% | 1073.12% | | | |
| 12 Months Avg PSA Approximation | | | | | | | | | | |
| Avg PSA Since Cut-off Approximation | | | | | 1055.62% | 1078.61% | 1073.12% | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| 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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Prepayment Report - Voluntary Prepayments | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | |
CPR Avg since Cut-Off by Groups | Total CPR Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PSA Avg since Cut-Off by Groups | Total PSA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
PREPAYMENT CALCULATION METHODOLOGY | | | |
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal) | | | |
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12) | | | |
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS)) | | | |
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m) | | | |
Average CPR 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 December 26, 2003 Distribution | | |
| | | |
| | | |
| Prepayment Detail Report - Loans Prepaid in Full During Current Distribution | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
SUMMARY | | | | | | LOAN GROUP | | | | | |
| | | | | | | | | | | |
Total Loan Count = 42 | | | | | | Loan Group 1 = Conform. Group | | |
Total Original Principal Balance = 9,173,500.00 | | Loan Group 2 = Non Conform. Group | | |
Total Prepayment Amount = 9,128,342.85 | | &nb sp; | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
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 | | |
| | |
11534251 1 | | 84,000.00 | 83,764.72 | Dec-01-03 | 11.800% | NJ - 70.00% | Paid Off - 360 | Jan-24-03 | | |
11534335 1 | | 276,000.00 | 275,275.32 | Dec-01-03 | 10.150% | DE - 80.00% | Paid Off - 360 | Apr-01-03 | | |
11534350 1 | | 306,000.00 | 303,701.02 | Dec-01-03 | 6.400% | NY - 90.00% | Paid Off - 360 | Feb-26-03 | | |
11534459 1 | | 150,000.00 | 149,096.26 | Dec-01-03 | 8.850% | NJ - 75.00% | Paid Off - 360 | Feb-24-03 | | |
11534996 1 | | 157,500.00 | 156,571.31 | Dec-01-03 | 6.950% | CT - 90.00% | Paid Off - 360 | Mar-14-03 | | |
11537164 1 | | 221,000.00 | 219,886.27 | Dec-01-03 | 6.950% | NY - 76.21% | Paid Off - 360 | Mar-31-03 | | |
11537628 1 | | 103,500.00 | 103,088.91 | Dec-01-03 | 8.150% | RI - 90.00% | Paid Off - 360 | Apr-03-03 | | |
11538022 1 | | 136,000.00 | 135,594.35 | Dec-01-03 | 9.550% | MD - 80.00% | Paid Off - 360 | Apr-01-03 | | |
11538196 1 | | 126,900.00 | 126,430.43 | Dec-01-03 | 8.500% | MA - 90.00% | Paid Off - 360 | Apr-16-03 | | |
11538691 1 | | 252,000.00 | 250,679.74 | Dec-01-03 | 6.750% | NY - 80.00% | Paid Off - 360 | Apr-16-03 | | |
11539103 1 | | 125,500.00 | 125,063.25 | Dec-01-03 | 8.800% | FL - 72.54% | Paid Off - 360 | Apr-25-03 | | |
11539186 1 | | 122,400.00 | 121,995.42 | Dec-01-03 | 9.050% | FL - 85.00% | Paid Off - 360 | Apr-14-03 | | |
11539749 1 | | 176,000.00 | 175,250.03 | Dec-01-03 | 7.800% | NJ - 80.00% | Paid Off - 360 | Apr-23-03 | | |
11540010 1 | | 85,000.00 | 84,709.59 | Dec-01-03 | 8.890% | CT - 44.74% | Paid Off - 360 | Apr-23-03 | | |
11540309 1 | | 139,500.00 | 138,917.33 | Dec-01-03 | 7.900% | VA - 90. 00% | Paid Off - 360 | Apr-28-03 | | |
11541835 1 | | 244,000.00 | 242,695.56 | Dec-01-03 | 7.450% | CA - 80.00% | Paid Off - 360 | Mar-19-03 | | |
11542692 1 | | 288,000.00 | 286,818.65 | Dec-01-03 | 7.990% | CA - 90.00% | Paid Off - 360 | Apr-02-03 | | |
11543468 1 | | 172,000.00 | 171,323.70 | Dec-01-03 | 8.200% | NJ - 80.00% | Paid Off - 360 | Apr-25-03 | | |
11543633 1 | | 126,900.00 | 126,430.43 | Dec-01-03 | 8.500% | CA - 90.00% | Paid Off - 360 | Apr-03-03 | | |
11544656 1 | | 436,000.00 | 434,617.38 | Dec-01-03 | 9.250% | CA - 89.90% | Paid Off - 360 | Apr-15-03 | | |
11545225 1 | | 115,200.00 | 114,694.17 | Dec-01-03 | 7.650% | WA - 90.00% | Paid Off - 360 | Apr-22-03 | | |
11545522 1 | | 226,350.00 | 225,495.34 | Dec-01-03 | 8.400% | CA - 90.00% | Paid Off - 360 | Apr-25-03 | | |
11546678 1 | | 116,250.00 | 115,727.39 | Dec-01-03 | 8.990% | CA - 75.00% | Paid Off - 360 | Feb-14-03 | | |
11546868 1 | | 175,000.00 | 174,157.52 | Dec-01-03 | 7.990% | CA - 70.00% | Paid Off - 360 | Mar-04-03 | | |
11546876 1 | | 215,600.00 | 214,780.64 | Dec-01-03 | 9.800% | CA - 70.00% | Paid Off - 360 | Feb-22-03 | | |
11546884 1 | | 153,000.00 | 152,116.26 | Dec-01-03 | 7.750% | CA - 85.00% | Paid Off - 360 | Feb-25-03 | | |
11548047 1 | | 306,000.00 | 304,820.87 | Dec-01-03 | 8.300% | NY - 60.00% | Paid Off - 360 | Apr-30-03 | | |
11549037 1 | | 204,000.00 | 203,240.16 | Dec-01-03 | 8.490% | CA - 85.00% | Paid Off - 360 | Apr-08-03 | | |
11550266 1 | | 227,250.00 | 226,119.78 | Dec-01-03 | 7.250% | CA - 90.00% | Paid Off - 360 | Apr-02-03 | | |
11550464 1 | | 217,000.00 | 215,914.96 | Dec-01-03 | 6.990% | CA - 70.00% | Paid Off - 360 | Apr-16-03 | | |
11553087 1 | | 50,000.00 | 49,860.61 | Dec-01-03 | 9.875% | CA - 32.05% | Paid Off - 360 | Apr-24-03 | | |
11553103 1 | | 185,000.00 | 184,120.90 | Dec-01-03 | 7.250% | CA - 100.00% | Pai d Off - 360 | Apr-22-03 | | |
11553434 1 | | 160,000.00 | 159,153.57 | Dec-01-03 | 6.700% | CA - 80.00% | Paid Off - 360 | Apr-22-03 | | |
11556917 1 | | 114,750.00 | 114,289.59 | Dec-01-03 | 8.100% | IL - 73.09% | Paid Off - 360 | Apr-15-03 | | |
11556933 1 | | 68,000.00 | 67,786.57 | Dec-01-03 | 9.300% | IL - 81.44% | Paid Off - 360 | Apr-15-03 | | |
11559440 1 | | 246,000.00 | 245,195.27 | Dec-01-03 | 9.100% | CA - 69.30% | Paid Off - 360 | Apr-25-03 | | |
11559465 1 | | 311,10 0.00 | 309,692.87 | Dec-01-03 | 7.500% | CA - 85.00% | Paid Off - 360 | Apr-25-03 | | |
11540788 2 | | 586,800.00 | 583,203.62 | Dec-01-03 | 7.450% | NC - 90.00% | Paid Off - 360 | Feb-14-03 | | |
11544003 2 | | 600,000.00 | 596,976.37 | Dec-01-03 | 6.950% | CA - 88.76% | Paid Off - 360 | Apr-03-03 | | |
11545399 2 | | 450,000.00 | 447,273.14 | Dec-01-03 | 5.990% | CA - 90.00% | Paid Off - 360 | Apr-25-03 | | |
11546397 2 | | 331,000.00 | 327,682.94 | Dec-01-03 | 6.625% | CA - 89.46% | Paid Off - 360 | Jan-23-03 | | |
11548104 2 | | 387,000.00 | 384,130.64 | Dec-01-03 | 5.750% | CA - 61.43% | Paid Off - 360 | Mar-24-03 | | |
| | | | | | | | | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | | Page 19 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
COLLATERAL REALIZED LOSSES | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| Current | | | | | | | | | | |
| Number of Loans Liquidated | | | | | - | - | - | | | |
| Collateral Realized Loss/(Gain) Amount | | & nbsp; | | | - | - | - | | | |
| 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 Approximation by Groups | Collateral Loss Severity Approximation | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 20 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | &nb sp; | | | | | | | | | |
| | | | | | | | | | | |
DEFAULT SPEEDS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | | | | | | | | | |
| MDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg MDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg MDR | | | | | | | | | | |
| Avg MDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg CDR | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg CDR | | | | | | | | | | |
| Avg CDR Since Cut-off | | | | | 0.00% | 0.00% | 0.00% | | | |
| | | | | | | | | | | |
| SDA | | | | | 0.00% | 0.00% | 0.00% | | | |
| 3 Months Avg SDA Approximation | | | | | 0.00% | 0.00% | 0.00% | | | |
| 12 Months Avg SDA Approximation | | | | | | | | | | |
| Avg SDA Since Cut-off Approximation | | | | | 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 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 21 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| Asset Backed Certificates | | | |
| | | | |
| Realized Loss Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Realized Loss Report - Collateral | | | |
| | | | | | | | | | | |
| Conform. | | | | | | | | | | |
| Non Conform. | | | | | | | | | | |
| | | | | | | | | | | |
CDR Avg since Cut-Off by Groups | Total CDR Avg since Cut-Off | | | |
| | &nb sp; | | | | | | | | | |
| | | | | | | | | | | |
SDA Avg since Cut-Off by Groups | Total SDA Avg since Cut-Off | | | |
| | | | | | | | | | | |
| &nbs p; | | | | | | | | | | |
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY | | | |
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance) | | | |
Conditional Default Rate (CDR): 1-((1-MDR)^12) | | | |
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60))) | | | |
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m) | | | |
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12) | | | |
Average SDA Approximation over period between the nth month and mth month: | | | |
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60))) | | | |
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m) | | | |
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans) | | | |
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m) | | | |
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods. | | | |
Dates correspond to distribution dates. | | | |
| | | | | | | | | | | |
| | | | Page 22 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| Fremont Home Loan Trust 2003-3 | | |
| Asset Backed Certificates | | |
| | | |
| Realized Loss Detail Report for December 26, 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: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods. | &nbs p; | | | | | | | | | | |
| | | | | | | | | | | |
Loan Number | | Original | Pr ior | | 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 | | |
| | | | | | | | | | |
| | | | | | | | | | | |
| | | | | 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 December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Triggers, Adj. Rate Cert. and Miscellaneous Report | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
TRIGGER EVENTS | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
| | | |
| Step Down Date? | | | | | | | No | | | |
| Trigger Event Occuring? | | | | | | | No | | | |
| Delinquency Percentage | | | | | | | 0.829816% | | | |
| Beginning Credit Enhancement Percentage | | | | | | | 20.351229% | | | |
| Ending Credit Enhancement Percentage | | | | | | | 20.802759% | | | |
| | & nbsp; | | | | | | | | | |
| | | | | | | | | | | |
ADJUSTABLE RATE CERTIFICATE INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
ADDITIONAL INFORMATION | | | | | | NON CONFORM. | CONFORM. | TOTAL | | | |
SPACE INTENTIONALLY LEFT BLANK | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 24 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |
| Fremont Home Loan Trust 2003-3 | | | |
| A sset Backed Certificates | | | |
| | | | |
| Additional Certificate Report for December 26, 2003 Distribution | | | |
| | | | |
| | | | |
| Additional Certificate Report | | | |
| | | | | | | | | | | |
| | | |
| CLASS | | | | Relief Act Interest Shortfalls | Net WAC Rate C arryover 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 | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | Page 25 of 25 | | | | © COPYRIGHT 2003 Deutsche Bank | | | |