EXHIBIT 10.1
CONTACT: CUSTOMER SERVICES -- CTSLINK
WELLS FARGO BANK MINNESOTA, N.A.
SECURITIES ADMINISTRATION SERVICES
7485 NEW HORIZON WAY
FREDERICK, MD 21703
WWW.CTSLINK.COM
TELEPHONE: (301) 815-6600
FAX: (301) 315-6660
SMT SERIES 2003-1
RECORD DATE: NOVEMBER 28, 2003
DISTRIBUTION DATE: DECEMBER 22, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Certificate Beginning Ending
Class Pass- Certificate Interest Principal Current Certificate
Class CUSIP Description Through Rate Balance Distribution Distribution Realized Loss Balance
- ----- --------- ----------- ------------ -------------- ------------ ------------ ------------- --------------
1A 81743PAA4 SEN 1.50000% 715,264,944.88 894,081.18 7,438,196.95 0.00 707,826,747.93
2A 81743PAB2 SEN 1.59000% 173,824,519.51 230,317.49 1,775,548.74 0.00 172,048,970.77
X-1A 81743PAC0 IO 0.90308% 0.00 123,341.77 0.00 0.00 0.00
X-1B 81743PAD8 IO 1.10238% 0.00 506,515.26 0.00 0.00 0.00
X-2 81743PAE6 IO 1.02692% 0.00 148,752.92 0.00 0.00 0.00
X-B 81743PAF3 IO 0.56829% 0.00 7,532.16 0.00 0.00 0.00
A-R 81743PAG1 R 2.74583% 0.00 0.00 0.00 0.00 0.00
B-1 81743PAH9 SUB 2.00000% 15,905,000.00 26,508.33 0.00 0.00 15,905,000.00
B-2 81743PAJ5 SUB 2.56829% 8,210,000.00 17,571.36 0.00 0.00 8,210,000.00
B-3 81743PAK2 SUB 2.56829% 5,644,000.00 12,079.51 0.00 0.00 5,644,000.00
B-4 SEQ0301B4 SUB 2.56829% 2.565,000.00 5,489.71 0.00 0.00 2,565,000.00
B-5 SEQ0301B5 SUB 2.56829% 1,539,000.00 3,293.83 0.00 0.00 1,539,000.00
B-6 SEQ0301B6 SUR 2.56829% 4,105,618.00 8,787.00 0.00 0.00 4,105,618.00
-------------- ------------ ------------ ---- --------------
Totals 927,058,082.39 1,984,270.52 9,213,745.69 0.00 917,844,336.70
-------------- ------------ ------------ ---- --------------
Certificate
Class Total Cumulative
Class CUSIP Description Distribution Realized Loss
- ----- --------- ----------- ------------- -------------
1A 81743PAA4 SEN 8,332,278.13 0.00
2A 81743PAB2 SEN 2,005,866.23 0.00
X-1A 81743PAC0 IO 123,341.77 0.00
X-1B 81743PAD8 IO 506,515.26 0.00
X-2 81743PAE6 IO 148,752.92 0.00
X-B 81743PAF3 IO 7,532.16 0.00
A-R 81743PAG1 R 0.00 0.00
B-1 81743PAH9 SUB 26,508.33 0.00
B-2 81743PAJ5 SUB 17,571.36 0.00
B-3 81743PAK2 SUB 12,079.51 0.00
B-4 SEQ0301B4 SUB 5,489.71 0.00
B-5 SEQ0301B5 SUB 3,293.83 0.00
B-6 SEQ0301B6 SUB 8,787.00 0.00
------------- ----
Totals 11,198,016.21 0.00
------------- ----
All distributions required by the Pooling and Servicing Agreement have been
calculated by the Certificate Administrator on behalf of the Trustee.
PRINCIPAL DISTRIBUTION STATEMENT
Beginning Scheduled Unscheduled Total Ending
Original Face Certificate Principal Principal Realized Principal Certificate
Class Amount Balance Distribution Distribution Accretion Loss (1) Reduction Balance
- ----- ---------------- -------------- ------------ ------------ --------- -------- ------------- --------------
1A 798,206,000.00 715,264,944.88 17.71 7,438,179.24 0.00 0.00 7,4387,196.95 707,826,747.93
2A 190,000,000.00 173,824,519.51 128.12 1,775,420.62 0.00 0.00 1,775,548.74 172,048,970.77
X-1A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-1B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-2 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X-B 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 15,905,000.00 15,905,000.00 0.00 0.00 0.00 0.00 0.00 15,905,000.00
B-2 8,210,000.00 8,210,000.00 0.00 0.00 0.00 0.00 0.00 8,210,000.00
B-3 5,644,000.00 5,644,000.00 0.00 0.00 0.00 0.00 0.00 5,644,000.00
B-4 2,565,000.00 2,565,000.00 0.00 0.00 0.00 0.00 0.00 2,565,000.00
B-5 1,539,000.00 1,539,000.00 0.00 0.00 0.00 0.00 0.00 1,539,000.00
B-6 4,105,618.00 4,105,618.00 0.00 0.00 0.00 0.00 0.00 4,105,618.00
---------------- -------------- ------ ------------ ---- ---- ------------- --------------
Totals 1,026,174,718.00 927,058,082.39 145.83 9,213,599.86 0.00 0.00 9,213,745.69 917,844,336.70
---------------- -------------- ------ ------------ ---- ---- ------------- --------------
Ending
Certificate Total Principal
Class Percentage Distribution
- ----- ----------- ---------------
1A 0.88677202 7,438,196.95
2A 0.90552090 1,775,548.74
X-1A 0.00000000 0.00
X-1B 0.00000000 0.00
X-2 0.00000000 0.00
X-B 0.00000000 0.00
A-R 0.00000000 0.00
B-1 1.00000000 0.00
B-2 1.00000000 0.00
B-3 1.00000000 0.00
B-4 1.00000000 0.00
B-5 1.00000000 0.00
B-6 1.00000000 0.00
----------- --------------
Totals 0.89443281 9,213,745.69
----------- --------------
(1) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
PRINCIPAL DISTRIBUTION FACTORS STATEMENT
Beginning Scheduled Unscheduled Total Ending
Original Face Certificate Principal Principal Realized Principal Certificate
Class Amount Balance Distribution Distribution Accretion Loss (3) Reduction Balance
- ----- -------------- -------------- ------------ ------------ ---------- ---------- ---------- -------------
1A 798,206,000.00 896.09066441 0.00002219 9.31862106 0.00000000 0.00000000 9.31864324 886.77202117
2A 190,000,000.00 914.86589216 0.00067432 9.34431905 0.00000000 0.00000000 9.34499337 905.52089879
X-1A 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 15,905,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-2 8,210,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-3 5,644,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-4 2,565,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-5 1,539,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
B-6 4,105,618.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
Ending
Certificate Total Principal
Class Percentage Distribution
- ----- ----------- ---------------
1A 0.88677202 9.31864324
2A 0.90552090 9.34499337
X-1A 0.00000000 0.00000000
X-1B 0.00000000 0.00000000
X-2 0.00000000 0.00000000
X-B 0.00000000 0.00000000
A-R 0.00000000 0.00000000
B-1 1.00000000 0.00000000
B-2 1.00000000 0.00000000
B-3 1.00000000 0.00000000
B-4 1.00000000 0.00000000
B-5 1.00000000 0.00000000
B-6 1.00000000 0.00000000
(3) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
INTEREST DISTRIBUTION STATEMENT
Beginning Payment of Non-
Current Certificate/ Current Unpaid Current Supported
Original Face Certificate Notional Accrued Interest Interest Interest Realized Total Interest
Class Amount Rate Balance Interest Shortfall Shortfall Shortfall Loss (4) Distribution
- ------ ---------------- ----------- -------------- ------------ ---------- --------- --------- -------- -------------
1A 798,206,000.00 1.50000% 715,264,944.88 894,081.18 0.00 0.00 0.00 0.00 894,081.18
2A 190,000,000.00 1.59000% 173,824,519.51 230,317.49 0.00 0.00 0.00 0.00 230,317.49
X-1A 0.00 0.90308% 163,895,317.39 123,341.77 0.00 0.00 0.00 0.00 123,341.77
X-1B 0.00 1.10238% 551,369,628.48 506,515.26 0.00 0.00 0.00 0.00 506,515.26
X-2 0.00 1.02692% 173,824,519.51 148,752.92 0.00 0.00 0.00 0.00 148,752.92
X-B 0.00 0.56829% 15,905,000.00 7,532.16 0.00 0.00 0.00 0.00 7,532.16
A-R 100.00 2.74583% 0.00 0.00 0.00 0.00 0.00 0.00 0.00
B-1 15,905,000.00 2.00000% 15,905,000.00 26,508.33 0.00 0.00 0.00 0.00 26,508.33
B-2 8,210,000.00 2.56829% 8,210,000.00 17,571.36 0.00 0.00 0.00 0.00 17,571.36
B-3 5,644,000.00 2.56829% 5,644,000.00 12,079.51 0.00 0.00 0.00 0.00 12,079.51
B-4 2,565,000.00 2.56829% 2,565,000.00 5,489.71 0.00 0.00 0.00 0.00 5,489.71
B-5 1,539,000.00 2.56829% 1,539,000.00 3,293.83 0.00 0.00 0.00 0.00 3,293.83
B-6 4,105,618.00 2.56829% 4,105,618.00 8,787.00 0.00 0.00 0.00 0.00 8,787.00
---------------- ------------ ---- ---- ---- ---- ------------
Totals 1,026,174,718.00 1,984,270.52 0.00 0.00 0.00 0.00 1,984,270.52
---------------- ------------ ---- ---- ---- ---- ------------
Remaining Ending
Unpaid Certificate/
Interest Notational
Class Shortfall Balance
- ------ --------- --------------
1A 0.00 707,826,747.93
2A 0.00 172,048,970.77
X-1A 0.00 160,953,306.38
X-1B 0.00 546,873,442.54
X-2 0.00 172,048,970.77
X-B 0.00 15,905,000.00
A-R 0.00 0.00
B-1 0.00 15,905,000.00
B-2 0.00 8,210,000.00
B-3 0.00 5,644,000.00
B-4 0.00 2,565,000.00
B-5 0.00 1,539,000.00
B-6 0.00 4,105,618.00
----
Totals 0.00
----
(4) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a
full description.
INTEREST DISTRIBUTION FACTORS STATEMENT
Payment of Non-
Current Beginning Unpaid Current Supported
Class Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized
(5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6)
- ----- -------------- ----------- ---------------- --------------- ---------- ---------- ---------- ----------
1A 798,206,000.00 1.50000% 896.09066441 1.12011333 0.00000000 0.00000000 0.00000000 0.00000000
2A 190,000,000.00 1.59000% 914.86589216 1.21219732 0.00000000 0.00000000 0.00000000 0.00000000
X-1A 0.00 0.90308% 894.73183047 0.67334326 0.00000000 0.00000000 0.00000000 0.00000000
X-1B 0.00 1.10238% 896.49537726 0.82356475 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 1.02692% 914.86589216 0.78291011 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.56829% 1000.00000000 0.47357183 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 2.74583% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 15,905,000.00 2.00000% 1000.00000000 1.66666646 0.00000000 0.00000000 0.00000000 0.00000000
B-2 8,210,000.00 2.56829% 1000.00000000 2.14023873 0.00000000 0.00000000 0.00000000 0.00000000
B-3 5,644,000.00 2.56829% 1000.00000000 2.14023919 0.00000000 0.00000000 0.00000000 0.00000000
B-4 2,565,000.00 2.56829% 1000.00000000 2.14023782 0.00000000 0.00000000 0.00000000 0.00000000
B-5 1,539,000.00 2.56829% 1000.00000000 2.14024042 0.00000000 0.00000000 0.00000000 0.00000000
B-6 4,105,618.00 2.56829% 1000.00000000 2.14023808 0.00000000 0.00000000 0.00000000 0.00000000
Remaining
Unpaid
Class Total Interest Interest Ending Certificate/
(5) Distribution Shortfall Notational Balance
- ----- -------------- ---------- -------------------
1A 1.12011333 0.00000000 886.77202117
2A 1.21219732 0.00000000 905.52089879
X-1A 0.67334326 0.00000000 878.67090245
X-1B 0.82356475 0.00000000 889.18483692
X-2 0.78291011 0.00000000 905.52089879
X-B 0.47357183 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.000000000
B-1 1.66666646 0.00000000 1000.00000000
B-2 2.14023873 0.00000000 1000.00000000
B-3 2.14023919 0.00000000 1000.00000000
B-4 2.14023782 0.00000000 1000.00000000
B-5 2.14024042 0.00000000 1000.00000000
B-6 2.14023808 0.00000000 1000.00000000
(5) Per $1 denomination
(6) Amount does not include excess special hazard, bankruptcy, or fraud losses
unless otherwise disclosed. Please refer to the prospectus supplement for a full
description.
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 11,497,542.91
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 671.43
Realized Losses 0.00
Prepayment Penalties 0.00
-------------
Total Deposits 11,498,214.34
Withdrawals
Reimbursement for Servicer Advances 1,130.92
Payment of Service Fee 299,067.21
Payment of Interest and Principal 11,198,016.21
-------------
Total Withdrawals (Pool Distribution Amount) 11,498,214.34
Ending Balance 0.00
=============
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
----
Non-Supported Prepayment Curtailment Interest Shortfall 0.00
====
SERVICING FEES
Gross Servicing Fee 291,341.72
Master Servicing Fee 7,725.49
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 299,067.21
==========
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
- -----------------------------------------------------------------------------------------------------
Class X-1 Reserve Fund Sub Account 5,000.00 0.00 0.00 5,000.00
Class X-2 Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
Class X-B Reserve Fund Sub Account 2,500.00 0.00 0.00 2,500.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENT BANKRUPTCY FORECLOSURE
- ---------------------------------------------------------------------------------------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 280,250.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ---------- -------- -------- -------- --------
1 280,250.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.038197% 0.030533% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- ---------- -------- -------- -------- --------
0.038197% 0.030533% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- --------------------------------------------------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 1 280,250.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- -------- -------- ----------
0 0.00 1 280,250.00
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.038197% 0.030533%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
0.000000% 0.000000% 0.038197% 0.030533%
Current Period Class A Insufficient Funds: 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 671.43
Original $ Original% Current $ Current % Current Class % Prepayment %
---------------- ----------- -------------- ------------- --------------- -------------
Class A 1,026,174,618.00 99.99999026% 917,844,336.70 100.00000000% 95.863284% 0.000000%
Class 1A 227,968,618.00 22.21538048% 210,017,588.77 22.88161297% 77.118387% 1,864.241537%
Class 2A 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 18.744896% 453.134667%
Class X-1-A 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 0.000000% 0.000000%
Class X-1-B 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 0.000000% 0.000000%
Class X-2 37,968,618.00 3.70001495% 37,968,618.00 4.13671649% 0.000000% 0.000000%
Class B-1 22,063,618.00 2.15008396% 22,063,618.00 2.40385184% 1.732865% 41.889858%
Class B-2 13,853,618.00 1.35002527% 13,853,618.00 1.50936465% 0.894487% 21.623120%
Class B-3 8,209,618.00 0.80002146% 8,209,618.00 0.89444557% 0.614919% 14.864908%
Class B-4 5,644,618.00 0.55006403% 5,644,618.00 0.61498642% 0.279459% 6.755579%
Class B-5 4,105,618.00 0.40008957% 4,105,618.00 0.44731093% 0.167675% 4.053347%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.447311% 10.813188%
Please refer to the prospectus supplement for a full description of loss
exposure
DELINQUENCY STATUS BY GROUP
POOL 1
DELINQUENT BANKRUPTCY FORECLOSURE
- ---------------------------------------------------------------------------------------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 1 280,250.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- ---------- -------- -------- -------- --------
1 280,250.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.047893% 0.037949% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- -------- -------- --------
0.047893% 0.037949% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- -------------------------------------------------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0. 0.00 30 Days 1 280,250.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- -------- -------- -----------
0 0.00 1 280,250.00
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.047893% 0.037949%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
0.000000% 0.000000% 0.047893% 0.037949%
POOL 2
DELINQUENT BANKRUPTCY FORECLOSURE
- --------------------------------------------------------------------------------------------------------------
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00 180+ Days 0 0.00
-------- -------- -------- -------- -------- --------
0 0.00 0 0.00 0 0.00
No. of Principal No. of Principal No. of Principal
Loans Balance Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- -------- -------- --------
0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
REO TOTAL
- ----------------------------------------------------------------------
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0 0.00 0-29 Days 0 0.00
30 Days 0 0.00 30 Days 0 0.00
60 Days 0 0.00 60 Days 0 0.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 0 0.00
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- -------- -------- --------
0 0.00 0 0.00
No. of Principal No. of Principal
Loans Balance Loans Balance
0-29 Days 0.000000% 0.000000% 0-29 Days 0.000000% 0.000000%
30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.000000% 0.000000% 60 Days 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 150 Days 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 180+ Days 0.000000% 0.000000%
-------- -------- -------- --------
0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 2.955592%
Weighted Average Net Coupon 2.578474%
Weighted Average Pass-Through Rate 2.568474%
Weighted Average Maturity (Stepdown Calculation) 317
Beginning Scheduled Collateral Loan Count 2,643
Number of Loans Paid in Full 25
Ending Scheduled Collateral Loan Count 2,618
Beginning Scheduled Collateral Balance 927,058,082.39
Ending Scheduled Collateral Balance 917,844,336.70
Ending Actual Collateral Balance at 28-Nov-2003 917,845,779.80
Monthly P&I Constant 2,283,483.56
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realization Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 11,116,754.31
Ending Scheduled Balance for Premium Loans 917,844,336.70
Scheduled Principal 145.83
Unscheduled Principal 9,213,599.86
MISCELLANEOUS REPORTING
Cap Agreement Deposit - 1 month Libor Loan 0
Cap Agreement Deposit - 6 month Libor Loan 0
GROUP 1 2 TOTAL
6 Month
Collateral Description Mixed ARM LIBOR ARM Mixed ARM
Weighted Average Coupon Rate 2.944343 3.001918 2.955592
Weighted Average Net Rate 2.566711 2.626918 2.578474
Pass-Through Rate 2.556711 2.616918 2.568474
Weighted Average Maturity 315 323 317
Record Date 11/28/2003 11/28/2003 11/28/2003
Principal and Interest Constant 1,830,255.06 453,228.50 2,283,483.56
Beginning Loan Count 2,107 536 2,643
Loans Paid in Full 19 6 25
Ending Loan Count 2,088 530 2,618
Beginning Scheduled Balance 745,933,720.88 181,124,361.51 927,058,082.39
Ending Scheduled Balance 738,495,523.93 179,348,812.77 917,844,336.70
Scheduled Principal 17.71 128.12 145.83
Unscheduled Principal 7,438,179.24 1,775,420.62 9,213,599.86
Scheduled Interest 1,830,237.35 453,100.38 2,283,337.73
Servicing Fee 234,740.36 56,601.36 291,341.72
Master Servicing Fee 6,216.12 1,509.37 7,725.49
Trustee Fee 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00
Net Interest 1,589,280.87 394,989.65 1,984,270.52
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group Pool 1
One Month Libor Loan Balance 167,927,104.35
Six Month Libor Loan Balance 570,568,419.58
Senior Percent 100.000000%
Senior Prepayment Percent 100.000000%
Subordinate Percent 0.000000%
Subordinate Prepayment Percent 0.000000%
Group Pool 2
Six Month Libor Loan Balance 179,348,812.77
Senior Percent 100.000000%
Senior Prepayment Percent 100.000000%
Subordinate Percent 0.000000%
Subordinate Prepayment Percent 0.000000%