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 2003-6
RECORD DATE: NOVEMBER 28, 2003
DISTRIBUTION DATE: DECEMBER 22, 2003
CERTIFICATEHOLDER DISTRIBUTION SUMMARY
Certificate Beginning
Class Certificate Pass- Certificate Interest
Class CUSIP Description Through Rate Balance Distribution
----- ----- ----------- ------------ ------- ------------
A-1 81743PCX2 SEN 1.43000% 455,022,948.60 542,235.68
X-1 81743PCZ7 IO 0.80000% 0.00 410,200.18
A-2 81743PCY0 SEN 1.55125% 179,861,630.61 232,508.63
X-2 81743PDA1 IO 0.39169% 0.00 207,231.72
B-1 81743PDD5 SUB 1.70000% 11,287,000.00 15,989.92
X-B 81743PDB9 IO 0.93135% 0.00 8,760.08
B-2 81743PDE3 SUB 2.63135% 5,643,000.00 12,373.90
B-3 81743PDF0 SUB 2.63135% 3,320,000.00 7,280.05
B-4 81743PDG8 SUB 2.63135% 1,660,000.00 3,640.03
B-5 81743PDH6 SUB 2.63135% 996,000.00 2,184.02
B-6 81743PDJ2 SUB 2.63135% 2,323,950.00 5,095.93
A-R 81743PDC7 RES 2.62239% 0.00 0.00
------- -------------- ------------
Totals 660,114,529.21 1,447,500.14
-------------- ------------
Principal Current Ending Certificate Total Cumulative
Class Distribution Realized Loss Balance Distribution Realized Loss
----- ------------ ------------- ------- ------------ -------------
A-1 4,449,266.77 0.00 450,573,681.83 4,991,502.45 0.00
X-1 0.00 0.00 0.00 410,200.18 0.00
A-2 2,623,182.17 0.00 177,238,448.44 2,855,690.80 0.00
X-2 0.00 0.00 0.00 207,231.72 0.00
B-1 0.00 0.00 11,287,000.00 15,989.92 0.00
X-B 0.00 0.00 0.00 8,760.08 0.00
B-2 0.00 0.00 5,643,000.00 12,373.90 0.00
B-3 0.00 0.00 3,320,000.00 7,280.05 0.00
B-4 0.00 0.00 1,660,000.00 3,640.03 0.00
B-5 0.00 0.00 996,000.00 2,184.02 0.00
B-6 0.00 0.00 2,323,950.00 5,095.93 0.00
A-R 0.00 0.00 0.00 0.00 0.00
------------ ---- -------------- ------------ ----
Totals 7,072,448.94 0.00 653,042,080.27 8,519,949.08 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
Original Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
- ------- -------------- -------------- ------------ ------------ --------- --------
A-1 458,238,000.00 455,022,948.60 1,653.14 4,447,613.63 0.00 0.00
X-1 0.00 0.00 0.00 0.00 0.00 0.00
A-2 180,474,000.00 179,861,630.61 931.25 2,622,250.92 0.00 0.00
X-2 0.00 0.00 0.00 0.00 0.00 0.00
B-1 11,287,000.00 11,287,000.00 0.00 0.00 0.00 0.00
B-2 5,643,000.00 5,643,000.00 0.00 0.00 0.00 0.00
B-3 3,320,000.00 3,320,000.00 0.00 0.00 0.00 0.00
B-4 1,660,000.00 1,660,000.00 0.00 0.00 0.00 0.00
B-5 996,000.00 996,000.00 0.00 0.00 0.00 0.00
B-6 2,323,950.00 2,323,950.00 0.00 0.00 0.00 0.00
A-R 100.00 0.00 0.00 0.00 0.00 0.00
-------------- -------------- -------- ------------ ---- ----
Totals 663,942,050.00 660,114,529.21 2,584.39 7,069,864.55 0.00 0.00
-------------- -------------- -------- ------------ ---- ----
Total Principal Ending Certificate Ending Certificate Total Principal
Class Reduction Balance Percentage Distribution
- -------- ------------ -------------- ---------- ------------
A-1 4,449,266.77 450,573,681.83 0.98327437 4,449,266.77
X-1 0.00 0.00 0.00000000 0.00
A-2 2,623,182.17 177,238,448.44 0.98207192 2,623,182.17
X-2 0.00 0.00 0.00000000 0.00
B-1 0.00 11,287,000.00 1.00000000 0.00
B-2 0.00 5,643,000.00 1.00000000 0.00
B-3 0.00 3,320,000.00 1.00000000 0.00
B-4 0.00 1,660,000.00 1.00000000 0.00
B-5 0.00 996,000.00 1.00000000 0.00
B-6 0.00 2,323,950.00 1.00000000 0.00
A-R 0.00 0.00 0.00000000 0.00
------------ -------------- ---------- ------------
Totals 7,072,448.94 653,042,080.27 0.98358295 7,072,448.94
------------ -------------- ---------- ------------
(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
Original Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (3)
- ----- -------------- ------------- ------------ ------------ ---------- ----------
A-1 458,238,000.00 992.98388305 0.00360760 9.70590311 0.00000000 0.00000000
X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-2 180,474,000.00 996.60688304 0.00516002 14.52979886 0.00000000 0.00000000
X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-1 11,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-2 5,643,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,320,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,660,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-5 996,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
B-6 2,323,950.00 1000.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
------------ ------------- ---------- ---------- ---------- ----------
Total Principal Ending Certificate Ending Certificate Total Principal
Class Reduction Balance Percentage Distribution
- ----- --------------- ------------------ ------------------ ---------------
A-1 9.70851071 983.27437233 0.98327437 9.70951071
X-1 0.00000000 0.00000000 0.00000000 0.00000000
A-2 14.53495889 982.07192416 0.98207192 14.53495889
X-2 0.00000000 0.00000000 0.00000000 0.00000000
B-1 0.00000000 10000.00000000 1.00000000 0.00000000
X-B 0.00000000 0.00000000 0.00000000 0.00000000
B-2 0.00000000 1000.00000000 1.00000000 0.00000000
B-3 0.00000000 1000.00000000 1.00000000 0.00000000
B-4 0.00000000 1000.00000000 1.00000000 0.00000000
B-5 0.00000000 1000.00000000 1.00000000 0.00000000
B-6 0.00000000 1000.00000000 1.00000000 0.00000000
A-R 0.00000000 0.00000000 0.00000000 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
Certificate/ Current Unpaid Current
Original Face Current Notional Accrued Interest Interest
Class Amount Certificate Rate Balance Interest Shortfall Shortfall
- ------ -------------- ---------------- -------------- ------------ ---------- ---------
A-1 458,238,000.00 1.43000% 455,022,948.60 542,235.68 0.00 0.00
X-1 0.00 0.80000% 615,300,265.58 410,200.18 0.00 0.00
A-2 180,474,000.00 1.55125% 179,861,630.61 232,508.63 0.00 0.00
X-2 0.00 0.39169% 634,884,579.21 207,231.72 0.00 0.00
B-1 11,287,000.00 1.70000% 11,287,000.00 15,989.92 0.00 0.00
X-B 0.00 0.93135% 11,287,000.00 8,760.08 0.00 0.00
B-2 5,643,000.00 2.63135% 5,643,000.00 12,373.90 0.00 0.00
B-3 3,320,000.00 2.63135% 3,320,000.00 7,280.05 0.00 0.00
B-4 1,660,000.00 2.63135% 1,660,000.00 3,640.03 0.00 0.00
B-5 996,000.00 2.63135% 996,000.00 2,184.02 0.00 0.00
B-6 2,323,950.00 2.63135% 2,323,950.00 5,095.93 0.00 0.00
A-R 100.00 2.62239% 0.00 0.00 0.00 0.00
-------------- ------- ------------- ------------ ---- ----
Totals 663,942,050.00 1,447,500.14 0.00 0.00
-------------- ------------ ---- ----
Non- Remaining Ending
Supported Unpaid Certificate/
Interest Realized Total Interest Interest Notational
Class Shortfall Loss (4) Distribution Shortfall Balance
- ------ --------- -------- -------------- --------- --------------
A-1 0.00 0.00 542,235.68 0.00 450,573,681.83
X-1 0.00 0.00 410,200.18 0.00 592,713,976.10
A-2 0.00 0.00 232,508.63 0.00 177,238,448.44
X-2 0.00 0.00 207,231.72 0.00 627,812,130.27
B-1 0.00 0.00 15,989.92 0.00 11,287,000.00
X-B 0.00 0.00 8,760.08 0.00 11,287,000.00
B-2 0.00 0.00 12,373.90 0.00 5,643,000.00
B-3 0.00 0.00 7,280.05 0.00 3,320,000.00
B-4 0.00 0.00 3,640.03 0.00 1,660,000.00
B-5 0.00 0.00 2,184.02 0.00 996,000.00
B-6 0.00 0.00 5,095.93 0.00 2,323,950.00
A-R 0.00 0.00 0.00 0.00 0.00
---- ---- ------------ ----
Totals 0.00 0.00 1,447,500.14 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
Original Face Certificate Certificate/ Current Accrued Interest Interest Interest Realized
Class (5) Amount Rate Notional Balance Interest Shortfall Shortfall Shortfall Loss (6)
- ------------------------------------------------------------------------------------------------------------------------------------
A-1 458,238,000.00 1.43000% 992.98388305 1.18330579 0.00000000 0.00000000 0.00000000 0.00000000
X-1 0.00 0.80000% 963.34539758 0.64223027 0.00000000 0.00000000 0.00000000 0.00000000
A-2 180,474,000.00 1.55125% 996.60688304 1.28832203 0.00000000 0.00000000 0.00000000 0.00000000
X-2 0.00 0.39169% 994.00759530 0.32445252 0.00000000 0.00000000 0.00000000 0.00000000
B-1 11,287,000.00 1.70000% 1000.00000000 1.41665696 0.00000000 0.00000000 0.00000000 0.00000000
X-B 0.00 0.93135% 1000.00000000 0.77612120 0.00000000 0.00000000 0.00000000 0.00000000
B-2 5,643,000.00 2.63135% 1000.00000000 2.19278752 0.00000000 0.00000000 0.00000000 0.00000000
B-3 3,320,000.00 2.63135% 1000.00000000 2.19278614 0.00000000 0.00000000 0.00000000 0.00000000
B-4 1,660,000.00 2.63135% 1000.00000000 2.19278916 0.00000000 0.00000000 0.00000000 0.00000000
B-5 996,000.00 2.63135% 1000.00000000 2.19279116 0.00000000 0.00000000 0.00000000 0.00000000
B-6 2,323,950.00 2.63135% 1000.00000000 2.19278814 0.00000000 0.00000000 0.00000000 0.00000000
A-R 100.00 2.62239% 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
- ------------------------------------------------------------------------------------------------------------------------------------
Remaining
Unpaid
Total Interest Interest Ending Certificate/
Class (5) Distribution Shortfall Notational Balance
- --------------------------------------------------------------
A-1 1.18330579 0.00000000 983.27437233
X-1 0.64223027 0.00000000 927.98315375
A-2 1.28832203 0.00000000 982.07192416
X-2 0.32445252 0.00000000 982.93460945
B-1 1.41666696 0.00000000 1000.00000000
X-B 0.77612120 0.00000000 1000.00000000
B-2 2.19278752 0.00000000 1000.00000000
B-3 2.19278614 0.00000000 1000.00000000
B-4 2.19278916 0.00000000 1000.00000000
B-5 2.19279116 0.00000000 1000.00000000
B-6 2.19278814 0.00000000 1000.00000000
A-R 0.00000000 0.00000000 0.00000000
- --------------------------------------------------------------
(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 8,700,586.42
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 18,980.72
Realized Losses (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 0.00
------------
Total Deposits 8,719,567.14
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 199,618.06
Payment of Interest and Principal 8,519,949.08
------------
Total Withdrawals (Pool Distribution Amount) 8,719,567.14
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 194,117.11
Master Servicing Fee 5,500.95
Supported Prepayment/Curtailment Interest Shortfall 0.00
----------
Net Servicing Fee 199,618.06
==========
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
- ----------------------------------------------------------------------------------------------
Class A-1 Companion Sub Account 4,000.00 0.00 0.00 4,000.00
Class A-1 NAS Sub Account 1,000.00 0.00 0.00 1,000.00
Class A-2 Companion Sub Account 500.00 0.00 0.00 500.00
Class A-2 NAS Sub Account 2,000.00 0.00 0.00 2,000.00
Class B-1 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 17 6,163,238.87 30 Days 0 0.00 30 Days 0 0.00
60 Days 2 1,780,000.00 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 1 179,000.48 120 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
-------- ------------ -------- --------- -------- ---------
20 8,122,239.35 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 0.904737% 0.943773% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.106440% 0.272570% 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 0.053220% 0.027410% 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%
-------- ------------ -------- --------- -------- ---------
1.064396% 1.243753% 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 17 6,163,238.87
60 Days 0 0.00 60 Days 2 1,780,000.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 1 179,000.48
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- ------------
0 0.00 20 8,122,239.35
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 0.904737% 0.943773%
60 Days 0.000000% 0.000000% 60 Days 0.106440% 0.272570%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.053220% 0.027410%
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% 1.064396% 1.243753%
Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 18,980.72
SUBORDINATION LEVEL/CREDIT ENHANCEMENT/CLASS PERCENTAGE AND PREPAYMENT
PERCENTAGE
Original $ Original% Current $ Current % Current Class % Prepayment %
------------- ----------- ------------- ----------- --------------- ------------
Class A 25,229,950.00 3.80002806% 25,229,950.00 3.86344935% 96.136551% 0.000000%
Class X-1 25,229,950.00 3.80002806% 25,229,950.00 3.86344935% 0.000000% 0.000000%
Class X-2 25,229,950.00 3.80002806% 25,229,950.00 3.86344935% 0.000000% 0.000000%
Class B-1 13,942,950.00 2.10002799% 13,942,950.00 2.13507681% 1.728373% 44.736514%
Class B-2 8,299,950.00 1.25010327% 8,299,950.00 1.27096710% 0.864110% 22.366275%
Class B-3 4,979,950.00 0.75005895% 4,979,950.00 0.76257720% 0.508390% 13.158964%
Class B-4 3,319,950.00 0.50003679% 3,319,950.00 0.50838225% 0.254195% 6.579482%
Class B-5 2,323,950.00 0.35002349% 2,323,950.00 0.35586528% 0.152517% 3.947689%
Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.355865% 9.211077%
Please refer to the prospectus supplement for a full description of loss
exposure
DELINQUENCY STATUS BY GROUP
DELINQUENT BANKRUPTCY FORECLOSURE
- -------------------------------------------------------------------------------------------------------------
POOL 1 - 1 MONTH
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%
DELINQUENT BANKRUPTCY FORECLOSURE
- -------------------------------------------------------------------------------------------------------------
POOL 1 - 6 MONTH
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 10 3,743,843.38 30 Days 0 0.00 30 Days 0 0.00
60 Days 1 1,680,000.00 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
-------- ------------ -------- --------- -------- ---------
11 5,423,843.38 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 0.856898% 0.939658% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.085690% 0.421659% 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%
-------- ------------ -------- --------- -------- ---------
0.942588% 1.361317% 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 10 3,743,843.38
60 Days 0 0.00 60 Days 1 1,680,000.00
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 11 5,423,843.38
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 0.856898% 0.939658%
60 Days 0.000000% 0.000000% 60 Days 0.085690% 0.421659%
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% 0.942588% 1.361317%
DELINQUENT BANKRUPTCY FORECLOSURE
- -------------------------------------------------------------------------------------------------------------
POOL 2
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 7 2,419,395.49 30 Days 0 0.00 30 Days 0 0.00
60 Days 1 100,000.00 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 1 179,000.48 120 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
-------- ------------ -------- --------- -------- ---------
9 2,698,395.97 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 1.310861% 1.312268% 30 Days 0.000000% 0.000000% 30 Days 0.000000% 0.000000%
60 Days 0.187266% 0.054240% 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 0.187266% 0.097089% 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%
-------- ------------ -------- --------- -------- ---------
1.685393% 1.463597% 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 7 2,419,395.49
60 Days 0 0.00 60 Days 1 100,000.00
90 Days 0 0.00 90 Days 0 0.00
120 Days 0 0.00 120 Days 1 179,000.48
150 Days 0 0.00 150 Days 0 0.00
180+ Days 0 0.00 180+ Days 0 0.00
-------- ------------ -------- ------------
0 0.00 9 2,698,395.97
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 1.310861% 1.312268%
60 Days 0.000000% 0.000000% 60 Days 0.187266% 0.054240%
90 Days 0.000000% 0.000000% 90 Days 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 120 Days 0.187266% 0.097089%
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% 1.685393% 1.463597%
COLLATERAL STATEMENT
Collateral Description Mixed Arm
Weighted Average Gross Coupon 2.994835%
Weighted Average Net Coupon 2.641956%
Weighted Average Pass-Through Rate 2.631956%
Weighted Average Maturity (Stepdown Calculation) 327
Beginning Scheduled Collateral Loan Count 1,892
Number of Loans Paid in Full 13
Ending Scheduled Collateral Loan Count 1,879
Beginning Scheduled Collateral Balance 660,114,529.40
Ending Scheduled Collateral Balance 653,042,080.46
Ending Actual Collateral Balance at 28-Nov-2003 653,042,711.08
Monthly P&I Constant 1,650,029.62
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Optimal Amount 8,464,625.15
Ending Scheduled Balance for Premium Loans 653,042,080.46
Scheduled Principal 2,584.39
Unscheduled Principal 7,069,864.55
GROUP POOL 1 - 1 MONTH POOL 1 - 6 MONTH POOL 2 TOTAL
Collateral Description 1 Month LIBOR ARM 6 Month LIBOR ARM 6 Month LIBOR ARM Mixed ARM
Weighted Average Coupon Rate 2.861431 3.009901 3.013344 2.994835
Weighted Average Net Rate 2.519705 2.656111 2.658170 2.641956
Pass-Through Rate 2.509705 2.646111 2.648170 2.631956
Weighted Average Maturity 312 328 333 327
Record Date 11/28/2003 11/28/2003 11/28/2003 11/28/2003
Principal and Interest Constant 170,582.03 1,008,960.69 470,486.90 1,650,029.62
Beginning Loan Count 180 1,173 539 1,892
Loans Paid in Full 2 6 5 13
Ending Loan Count 178 1,167 534 1,879
Beginning Scheduled Balance 71,320,960.86 401,803,052.60 186,990,515.94 660,114,529.40
Ending Scheduled Balance 70,248,906.79 398,425,839.90 184,367,333.77 653,042,080.46
Scheduled Principal 515.34 1,137.80 931.25 2,584.39
Unscheduled Principal 1,071,538.73 3,376,074.90 2,622,250.92 7,069,864.55
Scheduled Interest 170,066.69 1,007,822.89 469,555.65 1,647,445.23
Servicing Fee 20,310.22 118,461.78 55,345.11 194,117.11
Master Servicing Fee 594.34 3,348.36 1,558.25 5,500.95
Trustee Fee 0.00 0.00 0.00 0.00
FRY Amount 0.00 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00 0.00
Other Fee 0.00 0.00 0.00 0.00
Pool Insurance Fee 0.00 0.00 0.00 0.00
Spread 1 0.00 0.00 0.00 0.00
Spread 2 0.00 0.00 0.00 0.00
Spread 3 0.00 0.00 0.00 0.00
Net Interest 149,162.13 886,012.75 412,652.29 1,447,827.17
Realized Loss Amount 0.00 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00 0.00 0.00
Prepayment Penalties 0.00 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00 0.00
MISCELLANEOUS REPORTING
Group Pool 1 - 1 Month
1 Month LIBOR Loan Balance 70,248,906.79
6 Month LIBOR Loan Balance 398,425,839.90
Interest Transfer Amount 0.00
Principal Transfer Amount 0.00
Pro-Rata Pct 96.174139%
Senior Pct 100.000000%
Senior Prepay Pct 100.000000%
Subordinate Pct 0.000000%
Subordinate Prepay Pct 0.000000%
Group 1 - 6 Month
6 Month LIBOR Loan Balance 184,367,333.77
Interest Transfer Amount 0.00
Principal Transfer Amount 0.00
Pro-Rata Pct 96.187568%
Senior Pct 100.000000%
Senior Prepay Pct 100.000000%
Subordinate Pct 0.000000%
Subordinate Prepay Pct 0.000000%