UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 25, 2003
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset Backed Certificates, Series 2003-FF1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-104153-02
Pooling and Servicing Agreement) (Commission 54-2110371
(State or other File Number) 54-2110372
jurisdiction IRS EIN
of Incorporation)
c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, MD 21045
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (410) 884-2000
(Former name or former address, if changed since last report)
ITEM 5. Other Events
On August 25, 2003 a distribution was made to holders of FIRST FRANKLIN
MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2003-FF1 Trust.
ITEM 7. Financial Statements and Exhibits
(c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of
Asset Backed Certificates, Series
2003-FF1 Trust, relating to the August
25, 2003 distribution.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset Backed Certificates, Series 2003-FF1 Trust
By: Wells Fargo Bank Minnesota, N.A., as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: 9/4/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2003-FF1 Trust, relating to the
August 25, 2003 distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 7/31/03
Distribution Date: 8/25/03
FFM Series: 2003-FF1
Contact: Customer Service - CTSLink
Wells Fargo Bank Minnesota, N.A.
Securities Administration Services
7485 New Horizon Way
Frederick, MD 21703
Telephone: (301) 815-6600
Fax: (301) 815-6660
Certificateholder Distribution Summary
Certificate Certificate Beginning
Class Pass-Through Certificate Interest Principal
Class CUSIP Description Rate Balance Distribution Distribution
<s> <c> <c> <c> <c> <c> <c>
A-1 32027NBX8 SEN 2.23400% 388,259,133.31 722,809.08 4,787,972.17
A-2 32027NBY6 SEN 2.26500% 129,134,363.90 243,741.11 2,392,204.94
M-1 32027NBZ3 MEZ 2.68800% 27,140,000.00 60,793.60 0.00
M-2 32027NCA7 MEZ 2.85000% 25,633,000.00 62,907.65 0.00
M-3F 32027NCB5 MEZ 5.59200% 8,500,000.00 39,610.00 0.00
M-3V 32027NCC3 MEZ 3.60000% 5,070,000.00 15,717.00 0.00
M-4 32027NCD1 MEZ 4.10000% 3,920,000.00 13,839.78 0.00
R-1 FFM3FF1R1 SEN 0.00000% 0.00 0.00 0.00
C FFM03FF1C SEN 0.00000% 5,126,520.77 2,034,564.39 0.00
P FFM03FF1P SEN 0.00000% 100.00 158,413.10 0.00
DIV_CERT SEN 0.00000% 0.00 378.14 0.00
Totals 592,783,117.98 3,352,773.85 7,180,177.11
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 383,471,161.14 5,510,781.25 0.00
A-2 0.00 126,742,158.96 2,635,946.05 0.00
M-1 0.00 27,140,000.00 60,793.60 0.00
M-2 0.00 25,633,000.00 62,907.65 0.00
M-3F 0.00 8,500,000.00 39,610.00 0.00
M-3V 0.00 5,070,000.00 15,717.00 0.00
M-4 0.00 3,920,000.00 13,839.78 0.00
R-1 0.00 0.00 0.00 0.00
C 0.00 5,126,520.77 2,034,564.39 0.00
P 0.00 100.00 158,413.10 0.00
DIV_CERT 0.00 0.00 378.14 0.00
Totals 0.00 585,602,940.87 10,532,950.96 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
</FN>
Principal Distribution Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal Realized
Class Amount Balance Distribution Distribution Accretion Loss (1)
<s> <c> <c> <c> <c> <c> <c>
A-1 394,105,000.00 388,259,133.31 0.00 4,787,972.17 0.00 0.00
A-2 133,626,000.00 129,134,363.90 0.00 2,392,204.94 0.00 0.00
M-1 27,140,000.00 27,140,000.00 0.00 0.00 0.00 0.00
M-2 25,633,000.00 25,633,000.00 0.00 0.00 0.00 0.00
M-3F 8,500,000.00 8,500,000.00 0.00 0.00 0.00 0.00
M-3V 5,070,000.00 5,070,000.00 0.00 0.00 0.00 0.00
M-4 3,920,000.00 3,920,000.00 0.00 0.00 0.00 0.00
R-1 0.00 0.00 0.00 0.00 0.00 0.00
C 5,125,991.09 5,126,520.77 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
DIV_CERT 0.00 0.00 0.00 0.00 0.00 0.00
Totals 603,120,091.09 592,783,117.98 0.00 7,180,177.11 0.00 0.00
<FN>
(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.
</FN>
Principal Distribution Statement (continued)
Total Ending Ending Total
Principal Certificate Certificate Principal
Class Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c>
A-1 4,787,972.17 383,471,161.14 0.97301775 4,787,972.17
A-2 2,392,204.94 126,742,158.96 0.94848427 2,392,204.94
M-1 0.00 27,140,000.00 1.00000000 0.00
M-2 0.00 25,633,000.00 1.00000000 0.00
M-3F 0.00 8,500,000.00 1.00000000 0.00
M-3V 0.00 5,070,000.00 1.00000000 0.00
M-4 0.00 3,920,000.00 1.00000000 0.00
R-1 0.00 0.00 0.00000000 0.00
C 0.00 5,126,520.77 1.00010333 0.00
P 0.00 100.00 1.00000000 0.00
DIV_CERT 0.00 0.00 0.00000000 0.00
Totals 7,180,177.11 585,602,940.87 0.97095578 7,180,177.11
Principal Distribution Factors Statement
Original Beginning Scheduled Unscheduled
Face Certificate Principal Principal
Class (2) Amount Balance Distribution Distribution Accretion
<s> <c> <c> <c> <c> <c>
A-1 394,105,000.00 985.16672793 0.00000000 12.14897596 0.00000000
A-2 133,626,000.00 966.38651086 0.00000000 17.90224163 0.00000000
M-1 27,140,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 25,633,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3F 8,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3V 5,070,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 3,920,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
C 5,125,991.09 1000.10333221 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
DIV_CERT 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(2) All Classes are per $1,000 denomination.
</FN>
Principal Distribution Factors Statement (continued)
Total Ending Ending Total
Realized Principal Certificate Certificate Principal
Class Loss (3) Reduction Balance Percentage Distribution
<s> <c> <c> <c> <c> <c>
A-1 0.00000000 12.14897596 973.01775197 0.97301775 12.14897596
A-2 0.00000000 17.90224163 948.48426923 0.94848427 17.90224163
M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-3V 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 1,000.10333221 1.00010333 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
DIV_CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1 394,105,000.00 2.23400% 388,259,133.31 722,809.09 0.00 0.00
A-2 133,626,000.00 2.26500% 129,134,363.90 243,741.11 0.00 0.00
M-1 27,140,000.00 2.68800% 27,140,000.00 60,793.60 0.00 0.00
M-2 25,633,000.00 2.85000% 25,633,000.00 62,907.65 0.00 0.00
M-3F 8,500,000.00 5.59200% 8,500,000.00 39,610.00 0.00 0.00
M-3V 5,070,000.00 3.60000% 5,070,000.00 15,717.00 0.00 0.00
M-4 3,920,000.00 4.10000% 3,920,000.00 13,839.78 0.00 0.00
R-1 0.00 0.00000% 0.00 0.00 0.00 0.00
C 5,125,991.09 0.00000% 5,126,520.77 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
DIV_CERT 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 603,120,091.09 1,159,418.23 0.00 0.00
Interest Distribution Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (4) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1 0.00 0.00 722,809.08 0.00 383,471,161.14
A-2 0.00 0.00 243,741.11 0.00 126,742,158.96
M-1 0.00 0.00 60,793.60 0.00 27,140,000.00
M-2 0.00 0.00 62,907.65 0.00 25,633,000.00
M-3F 0.00 0.00 39,610.00 0.00 8,500,000.00
M-3V 0.00 0.00 15,717.00 0.00 5,070,000.00
M-4 0.00 0.00 13,839.78 0.00 3,920,000.00
R-1 0.00 0.00 0.00 0.00 0.00
C 0.00 0.00 2,034,564.39 0.00 5,126,520.77
P 0.00 0.00 158,413.10 0.00 100.00
DIV_CERT 0.00 0.00 378.14 0.00 0.00
Totals 0.00 0.00 3,352,773.85 0.00
<FN>
(4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
Please Refer to the Prospectus Supplement for a Full Description.
</FN>
Interest Distribution Factors Statement
Beginning Payment of
Original Current Certificate/ Current Unpaid Current
Face Certificate Notional Accrued Interest Interest
Class (5) Amount Rate Balance Interest Shortfall Shortfall
<s> <c> <c> <c> <c> <c> <c>
A-1 394,105,000.00 2.23400% 985.16672793 1.83405207 0.00000000 0.00000000
A-2 133,626,000.00 2.26500% 966.38651086 1.82405453 0.00000000 0.00000000
M-1 27,140,000.00 2.68800% 1000.00000000 2.24000000 0.00000000 0.00000000
M-2 25,633,000.00 2.85000% 1000.00000000 2.45416650 0.00000000 0.00000000
M-3F 8,500,000.00 5.59200% 1000.00000000 4.66000000 0.00000000 0.00000000
M-3V 5,070,000.00 3.60000% 1000.00000000 3.10000000 0.00000000 0.00000000
M-4 3,920,000.00 4.10000% 1000.00000000 3.53055612 0.00000000 0.00000000
R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
C 5,125,991.09 0.00000% 1000.10333221 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
DIV_CERT 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) All Classes are per $1,000 denomination.
</FN>
Interest Distribution Factors Statement (continued)
Remaining Ending
Non-Supported Total Unpaid Certificate/
Interest Realized Interest Interest Notional
Class Shortfall Losses (6) Distribution Shortfall Balance
<s> <c> <c> <c> <c> <c>
A-1 0.00000000 0.00000000 1.83405204 0.00000000 973.01775197
A-2 0.00000000 0.00000000 1.82405453 0.00000000 948.48426923
M-1 0.00000000 0.00000000 2.24000000 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.45416650 0.00000000 1000.00000000
M-3F 0.00000000 0.00000000 4.66000000 0.00000000 1000.00000000
M-3V 0.00000000 0.00000000 3.10000000 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.53055612 0.00000000 1000.00000000
R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 396.91141757 0.00000000 1000.10333221
P 0.00000000 0.00000000 1584131.00000000 0.00000000 1000.00000000
DIV_CERT 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 10,634,744.92
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 0.00
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 158,413.10
Total Deposits 10,793,158.02
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 260,207.06
Payment of Interest and Principal 10,532,950.96
Total Withdrawals (Pool Distribution Amount) 10,793,158.02
Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL
<s> <c>
Total Prepayment/Curtailment Interest Shortfall 0.00
Servicing Fee Support 0.00
Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES
<s> <c>
Gross Servicing Fee 246,992.96
Back-up Master Servicing Fee 9,879.67
Wells Fargo 3,334.43
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 260,207.06
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Financial Guaranty 0.00 0.00 0.00 0.00
Reserve Fund 1,000.00 0.00 0.00 1,000.00
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
DELINQUENCY STATUS
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s> <c> <c> <c> <c> <c>
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 165 0 0 0 165
22,835,295.23 0.00 0.00 0.00 22,835,295.23
60 Days 35 0 0 0 35
4,506,574.93 0.00 0.00 0.00 4,506,574.93
90 Days 33 0 0 0 33
5,422,973.44 0.00 0.00 0.00 5,422,973.44
120 Days 8 0 0 0 8
858,084.14 0.00 0.00 0.00 858,084.14
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180+ Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 241 0 0 0 241
33,622,927.74 0.00 0.00 0.00 33,622,927.74
No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 4.755043% 0.000000% 0.000000% 0.000000% 4.755043%
3.899446% 0.000000% 0.000000% 0.000000% 3.899446%
60 Days 1.008646% 0.000000% 0.000000% 0.000000% 1.008646%
0.769561% 0.000000% 0.000000% 0.000000% 0.769561%
90 Days 0.951009% 0.000000% 0.000000% 0.000000% 0.951009%
0.926049% 0.000000% 0.000000% 0.000000% 0.926049%
120 Days 0.230548% 0.000000% 0.000000% 0.000000% 0.230548%
0.146530% 0.000000% 0.000000% 0.000000% 0.146530%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 6.945245% 0.000000% 0.000000% 0.000000% 6.945245%
5.741586% 0.000000% 0.000000% 0.000000% 5.741586%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 32 0 0 0 32
3,481,445.27 0.00 0.00 0.00 3,481,445.27
60 Days 6 0 0 0 6
612,033.14 0.00 0.00 0.00 612,033.14
90 Days 4 0 0 0 4
387,166.08 0.00 0.00 0.00 387,166.08
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 42 0 0 0 42
4,480,644.49 0.00 0.00 0.00 4,480,644.49
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 5.254516% 0.000000% 0.000000% 0.000000% 5.254516%
4.873385% 0.000000% 0.000000% 0.000000% 4.873385%
60 Days 0.985222% 0.000000% 0.000000% 0.000000% 0.985222%
0.856734% 0.000000% 0.000000% 0.000000% 0.856734%
90 Days 0.656814% 0.000000% 0.000000% 0.000000% 0.656814%
0.541962% 0.000000% 0.000000% 0.000000% 0.541962%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 6.896552% 0.000000% 0.000000% 0.000000% 6.896552%
6.272081% 0.000000% 0.000000% 0.000000% 6.272081%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 126 0 0 0 126
16,031,823.92 0.00 0.00 0.00 16,031,823.92
60 Days 26 0 0 0 26
2,863,523.57 0.00 0.00 0.00 2,863,523.57
90 Days 25 0 0 0 25
3,118,903.15 0.00 0.00 0.00 3,118,903.15
120 Days 8 0 0 0 8
858,084.14 0.00 0.00 0.00 858,084.14
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 185 0 0 0 185
22,872,334.78 0.00 0.00 0.00 22,872,334.78
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 4.968454% 0.000000% 0.000000% 0.000000% 4.968454%
4.352522% 0.000000% 0.000000% 0.000000% 4.352522%
60 Days 1.025237% 0.000000% 0.000000% 0.000000% 1.025237%
0.777426% 0.000000% 0.000000% 0.000000% 0.777426%
90 Days 0.985804% 0.000000% 0.000000% 0.000000% 0.985804%
0.846759% 0.000000% 0.000000% 0.000000% 0.846759%
120 Days 0.315457% 0.000000% 0.000000% 0.000000% 0.315457%
0.232964% 0.000000% 0.000000% 0.000000% 0.232964%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 7.294953% 0.000000% 0.000000% 0.000000% 7.294953%
6.209670% 0.000000% 0.000000% 0.000000% 6.209670%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 3 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 1 0 0 0 1
443,672.62 0.00 0.00 0.00 443,672.62
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 1 0 0 0 1
443,672.62 0.00 0.00 0.00 443,672.62
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.222222% 0.000000% 0.000000% 0.000000% 2.222222%
2.152478% 0.000000% 0.000000% 0.000000% 2.152478%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 2.222222% 0.000000% 0.000000% 0.000000% 2.222222%
2.152478% 0.000000% 0.000000% 0.000000% 2.152478%
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans
Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance
0-29 Days 0 0 0 0
0.00 0.00 0.00 0.00
30 Days 6 0 0 0 6
2,878,353.42 0.00 0.00 0.00 2,878,353.42
60 Days 3 0 0 0 3
1,031,018.22 0.00 0.00 0.00 1,031,018.22
90 Days 4 0 0 0 4
1,916,904.21 0.00 0.00 0.00 1,916,904.21
120 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
150 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
180 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
Totals 13 0 0 0 13
5,826,275.85 0.00 0.00 0.00 5,826,275.85
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 2.142857% 0.000000% 0.000000% 0.000000% 2.142857%
2.298650% 0.000000% 0.000000% 0.000000% 2.298650%
60 Days 1.071429% 0.000000% 0.000000% 0.000000% 1.071429%
0.823370% 0.000000% 0.000000% 0.000000% 0.823370%
90 Days 1.428571% 0.000000% 0.000000% 0.000000% 1.428571%
1.530838% 0.000000% 0.000000% 0.000000% 1.530838%
120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Totals 4.642857% 0.000000% 0.000000% 0.000000% 4.642857%
4.652858% 0.000000% 0.000000% 0.000000% 4.652858%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 0.00
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 7.010064%
Weighted Average Net Coupon 6.510064%
Weighted Average Pass-Through Rate 6.483314%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 3,502
Number Of Loans Paid In Full 32
Ending Scheduled Collateral Loan Count 3,470
Beginning Scheduled Collateral Balance 592,783,117.99
Ending Scheduled Collateral Balance 585,602,940.88
Ending Actual Collateral Balance at 31-Jul-2003 585,603,518.97
Monthly P &I Constant 3,791,722.88
Special Servicing Fee 0.00
Prepayment Penalties 158,413.10
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 585,602,940.88
Scheduled Principal 328,850.00
Unscheduled Principal 6,851,327.11
<CAPTION
Miscellaneous Reporting
Credit Enhancement 12.717893%
Stepdown Date in Effect NO
Trigger Event NO
Overcollaterized Target Amount 5,126,520.77
Overcollaterized Increase Amount 0.00
Overcollaterized Reduction Amount 0.00
Overcollaterization Amount 5,126,520.77
Specified Overcollaterization Amount 5,126,520.77
Overcollaterized Deficiency Amount 0.00
Overcollaterized Release Amount 0.00
Extra Principal Amount 0.00
Group Level Collateral Statement
Group Group 1 Group 2 Group 3
Collateral Description Mixed Fixed Mixed Fixed Mixed ARM
Weighted Average Coupon Rate 7.545760 7.059739 7.061204
Weighted Average Net Rate 7.045760 6.559739 6.561204
Weighted Average Maturity 352 352 353
Beginning Loan Count 611 2,561 46
Loans Paid In Full 2 25 1
Ending Loan Count 609 2,536 45
Beginning Scheduled Balance 71,724,516.08 372,834,941.34 21,167,916.37
Ending scheduled Balance 71,437,507.93 368,333,977.32 20,612,182.15
Record Date 07/31/2003 07/31/2003 07/31/2003
Principal And Interest Constant 516,630.55 2,387,393.78 144,668.53
Scheduled Principal 65,617.23 193,962.49 20,109.39
Unscheduled Principal 221,390.92 4,307,001.53 535,624.83
Scheduled Interest 451,013.32 2,193,431.29 124,559.14
Servicing Fees 29,885.22 155,347.89 8,819.96
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 403.46 2,097.21 119.07
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 1,195.39 6,213.87 352.79
Pool Insurance Fee 0.00 0.00 0.00
Spread Fee 1 0.00 0.00 0.00
Spread Fee 2 0.00 0.00 0.00
Spread Fee 3 0.00 0.00 0.00
Net Interest 419,529.25 2,029,772.32 115,267.32
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
Pass-Through Rate 7.019010 6.532989 6.534454
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.553367 7.010064
Weighted Average Net Rate 6.053367 6.510064
Weighted Average Maturity 353 352
Beginning Loan Count 284 3,502
Loans Paid In Full 4 32
Ending Loan Count 280 3,470
Beginning Scheduled Balance 127,055,744.20 592,783,117.99
Ending scheduled Balance 125,219,273.48 585,602,940.88
Record Date 07/31/2003 07/31/2003
Principal And Interest Constant 743,030.02 3,791,722.88
Scheduled Principal 49,160.89 328,850.00
Unscheduled Principal 1,787,309.83 6,851,327.11
Scheduled Interest 693,869.13 3,462,872.88
Servicing Fees 52,939.89 246,992.96
Master Servicing Fees 0.00 0.00
Trustee Fee 714.69 3,334.43
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 2,117.62 9,879.67
Pool Insurance Fee 0.00 0.00
Spread Fee 1 0.00 0.00
Spread Fee 2 0.00 0.00
Spread Fee 3 0.00 0.00
Net Interest 638,096.93 3,202,665.82
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.00 0.00
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 6.026617 6.483314