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): October 27, 2003
FIRST FRANKLIN MORTGAGE LOAN TRUST
Asset Backed Certificates, Series 2003-FF2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-104153-05 54-2116907
Pooling and Servicing Agreement) (Commission 54-2116908
(State or other File Number) IRS EIN
jurisdiction
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 October 27, 2003 a distribution was made to holders of FIRST FRANKLIN
MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2003-FF2 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-FF2 Trust, relating to the October
27, 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-FF2 Trust
By: Wells Fargo Bank Minnesota, as Trustee
By: /s/ Beth Belfield, Assistant Vice President
By: Beth Belfield, Assistant Vice President
Date: 10/30/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2003-FF2 Trust, relating to the
October 27, 2003 distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 9/30/03
Distribution Date: 10/27/03
FFM Series: 2003-FF2
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 32027NCV1 SEN 2.57000% 515,900,455.84 1,104,886.81 4,885,792.81
A-2 32027NCW9 SEN 2.47000% 230,257,312.79 473,946.30 2,082,213.24
M-1 32027NCX7 MEZ 2.90000% 39,351,000.00 95,098.25 0.00
M-2 32027NCY5 MEZ 2.77000% 34,978,000.00 86,123.61 0.00
M-3A 32027NCZ2 MEZ 3.12000% 4,968,000.00 13,777.92 0.00
M-3F 32027NDA6 MEZ 4.27000% 5,963,000.00 21,218.34 0.00
M-4A 32027NDB4 MEZ 4.12000% 3,745,000.00 13,715.02 0.00
M-4F 32027NDC2 MEZ 4.81000% 5,000,000.00 20,041.67 0.00
M-5A 32027NDD0 MEZ 4.72000% 3,468,000.00 14,550.19 0.00
M-5F 32027NDE8 MEZ 5.34000% 7,463,000.00 33,210.35 0.00
R FFM3FF2R1 SEN 0.00000% 0.00 0.00 0.00
C FFM03FF2C SEN 0.00000% 6,558,451.90 2,697,609.30 0.00
P FFM03FF2P SEN 0.00000% 100.00 138,766.30 0.00
DIV CERT FFM03FF2DIV SEN 0.00000% 0.00 0.00 0.00
Totals 857,652,320.53 4,712,944.06 6,968,006.05
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 511,014,663.03 5,990,679.62 0.00
A-2 0.00 228,175,099.55 2,556,159.54 0.00
M-1 0.00 39,351,000.00 95,098.25 0.00
M-2 0.00 34,978,000.00 86,123.61 0.00
M-3A 0.00 4,968,000.00 13,777.92 0.00
M-3F 0.00 5,963,000.00 21,218.34 0.00
M-4A 0.00 3,745,000.00 13,715.02 0.00
M-4F 0.00 5,000,000.00 20,041.67 0.00
M-5A 0.00 3,468,000.00 14,550.19 0.00
M-5F 0.00 7,463,000.00 33,210.35 0.00
R 0.00 0.00 0.00 0.00
C 0.00 6,558,451.90 2,697,609.30 0.00
P 0.00 100.00 138,766.30 0.00
DIV CERT 0.00 0.00 0.00 0.00
Totals 0.00 850,684,314.48 11,680,950.11 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-1 528,290,000.00 515,900,455.84 0.00 4,885,792.81 0.00 0.00
A-2 234,676,000.00 230,257,312.79 0.00 2,082,213.24 0.00 0.00
M-1 39,351,000.00 39,351,000.00 0.00 0.00 0.00 0.00
M-2 34,978,000.00 34,978,000.00 0.00 0.00 0.00 0.00
M-3A 4,968,000.00 4,968,000.00 0.00 0.00 0.00 0.00
M-3F 5,963,000.00 5,963,000.00 0.00 0.00 0.00 0.00
M-4A 3,745,000.00 3,745,000.00 0.00 0.00 0.00 0.00
M-4F 5,000,000.00 5,000,000.00 0.00 0.00 0.00 0.00
M-5A 3,468,000.00 3,468,000.00 0.00 0.00 0.00 0.00
M-5F 7,463,000.00 7,463,000.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
C 6,558,152.94 6,558,451.90 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 874,460,252.94 857,652,320.53 0.00 6,968,006.05 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 4,885,792.81 511,014,663.03 0.96729952 4,885,792.81
A-2 2,082,213.24 228,175,099.55 0.97229840 2,082,213.24
M-1 0.00 39,351,000.00 1.00000000 0.00
M-2 0.00 34,978,000.00 1.00000000 0.00
M-3A 0.00 4,968,000.00 1.00000000 0.00
M-3F 0.00 5,963,000.00 1.00000000 0.00
M-4A 0.00 3,745,000.00 1.00000000 0.00
M-4F 0.00 5,000,000.00 1.00000000 0.00
M-5A 0.00 3,468,000.00 1.00000000 0.00
M-5F 0.00 7,463,000.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
C 0.00 6,558,451.90 1.00004559 0.00
P 0.00 100.00 1.00000000 0.00
DIV CERT 0.00 0.00 0.00000000 0.00
Totals 6,968,006.05 850,684,314.48 0.97281073 6,968,006.05
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-1 528,290,000.00 976.54783517 0.00000000 9.24831591 0.00000000
A-2 234,676,000.00 981.17111588 0.00000000 8.87271489 0.00000000
M-1 39,351,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 34,978,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3A 4,968,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3F 5,963,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4A 3,745,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4F 5,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5A 3,468,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5F 7,463,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
C 6,558,152.94 1000.04558601 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 9.24831591 967.29951926 0.96729952 9.24831591
A-2 0.00000000 8.87271489 972.29840099 0.97229840 8.87271489
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-3A 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-4A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5A 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5F 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 1,000.04558601 1.00004559 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, Bankruptcy, 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-1 528,290,000.00 2.57000% 515,900,455.84 1,104,886.81 0.00 0.00
A-2 234,676,000.00 2.47000% 230,257,312.79 473,946.30 0.00 0.00
M-1 39,351,000.00 2.90000% 39,351,000.00 95,098.25 0.00 0.00
M-2 34,978,000.00 2.77000% 34,978,000.00 86,123.61 0.00 0.00
M-3A 4,968,000.00 3.12000% 4,968,000.00 13,777.92 0.00 0.00
M-3F 5,963,000.00 4.27000% 5,963,000.00 21,218.34 0.00 0.00
M-4A 3,745,000.00 4.12000% 3,745,000.00 13,715.02 0.00 0.00
M-4F 5,000,000.00 4.81000% 5,000,000.00 20,041.67 0.00 0.00
M-5A 3,468,000.00 4.72000% 3,468,000.00 14,550.19 0.00 0.00
M-5F 7,463,000.00 5.34000% 7,463,000.00 33,210.35 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
C 6,558,152.94 0.00000% 6,558,451.90 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 874,460,252.94 1,876,568.46 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 1,104,886.81 0.00 511,014,663.03
A-2 0.00 0.00 473,946.30 0.00 228,175,099.55
M-1 0.00 0.00 95,098.25 0.00 39,351,000.00
M-2 0.00 0.00 86,123.61 0.00 34,978,000.00
M-3A 0.00 0.00 13,777.92 0.00 4,968,000.00
M-3F 0.00 0.00 21,218.34 0.00 5,963,000.00
M-4A 0.00 0.00 13,715.02 0.00 3,745,000.00
M-4F 0.00 0.00 20,041.67 0.00 5,000,000.00
M-5A 0.00 0.00 14,550.19 0.00 3,468,000.00
M-5F 0.00 0.00 33,210.35 0.00 7,463,000.00
R 0.00 0.00 0.00 0.00 0.00
C 0.00 0.00 2,697,609.30 0.00 6,558,451.90
P 0.00 0.00 138,766.30 0.00 100.00
DIV CERT 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,712,944.06 0.00
<FN>
(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.
</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-1 528,290,000.00 2.57000% 976.54783517 2.09143995 0.00000000 0.00000000
A-2 234,676,000.00 2.47000% 981.17111588 2.01957720 0.00000000 0.00000000
M-1 39,351,000.00 2.90000% 1000.00000000 2.41666667 0.00000000 0.00000000
M-2 34,978,000.00 2.77000% 1000.00000000 2.46222225 0.00000000 0.00000000
M-3A 4,968,000.00 3.12000% 1000.00000000 2.77333333 0.00000000 0.00000000
M-3F 5,963,000.00 4.27000% 1000.00000000 3.55833305 0.00000000 0.00000000
M-4A 3,745,000.00 4.12000% 1000.00000000 3.66222163 0.00000000 0.00000000
M-4F 5,000,000.00 4.81000% 1000.00000000 4.00833400 0.00000000 0.00000000
M-5A 3,468,000.00 4.72000% 1000.00000000 4.19555652 0.00000000 0.00000000
M-5F 7,463,000.00 5.34000% 1000.00000000 4.45000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
C 6,558,152.94 0.00000% 1000.04558601 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 2.09143995 0.00000000 967.29951926
A-2 0.00000000 0.00000000 2.01957720 0.00000000 972.29840099
M-1 0.00000000 0.00000000 2.41666667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.46222225 0.00000000 1000.00000000
M-3A 0.00000000 0.00000000 2.77333333 0.00000000 1000.00000000
M-3F 0.00000000 0.00000000 3.55833305 0.00000000 1000.00000000
M-4A 0.00000000 0.00000000 3.66222163 0.00000000 1000.00000000
M-4F 0.00000000 0.00000000 4.00833400 0.00000000 1000.00000000
M-5A 0.00000000 0.00000000 4.19555652 0.00000000 1000.00000000
M-5F 0.00000000 0.00000000 4.45000000 0.00000000 1000.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 411.33674751 0.00000000 1000.04558601
P 0.00000000 0.00000000 1387663.00000000 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, Bankruptcy,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 11,903,827.24
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 138,766.30
Total Deposits 12,042,593.54
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 361,643.43
Payment of Interest and Principal 11,680,950.11
Total Withdrawals (Pool Distribution Amount) 12,042,593.54
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 357,355.14
WELLS FARGO 4,288.29
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 361,643.43
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 4 0 0 4
454,873.18 0.00 0.00 454,873.18
30 Days 49 0 0 0 49
7,460,923.34 0.00 0.00 0.00 7,460,923.34
60 Days 8 0 1 0 9
2,008,657.02 0.00 42,344.34 0.00 2,051,001.36
90 Days 2 3 24 0 29
46,989.48 254,444.47 5,190,821.57 0.00 5,492,255.52
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 59 7 25 0 91
9,516,569.84 709,317.65 5,233,165.91 0.00 15,459,053.40
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 0.092102% 0.000000% 0.000000% 0.092102%
0.053471% 0.000000% 0.000000% 0.053471%
30 Days 1.128252% 0.000000% 0.000000% 0.000000% 1.128252%
0.877050% 0.000000% 0.000000% 0.000000% 0.877050%
60 Days 0.184204% 0.000000% 0.023026% 0.000000% 0.207230%
0.236122% 0.000000% 0.004978% 0.000000% 0.241100%
90 Days 0.046051% 0.069077% 0.552613% 0.000000% 0.667741%
0.005524% 0.029911% 0.610194% 0.000000% 0.645628%
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 1.358508% 0.161179% 0.575639% 0.000000% 2.095326%
1.118696% 0.083382% 0.615171% 0.000000% 1.817249%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 89,819.57
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.919214%
Weighted Average Net Coupon 6.419214%
Weighted Average Pass-Through Rate 6.413214%
Weighted Average Maturity(Stepdown Calculation ) 352
Beginning Scheduled Collateral Loan Count 4,378
Number Of Loans Paid In Full 35
Ending Scheduled Collateral Loan Count 4,343
Beginning Scheduled Collateral Balance 857,652,320.52
Ending Scheduled Collateral Balance 850,684,314.47
Ending Actual Collateral Balance at 30-Sep-2003 850,684,314.47
Monthly P &I Constant 5,223,870.54
Special Servicing Fee 0.00
Prepayment Penalties 138,766.30
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 850,684,314.47
Scheduled Principal 278,637.34
Unscheduled Principal 6,689,368.71
Miscellaneous Reporting
Credit Enhancement Percentage 10.01052%
Extra Principal Distribution Amount 0.00
Overcollaterization Amount 6,558,451.90
Overcollaterized Deficiency Amount 0.00
Overcollaterized Increase Amount 0.00
Overcollaterized Reduction Amount 0.00
Overcollaterized Target Amount 6,558,451.90
Specified Overcollaterization Amount 6,558,451.90
Step Down Do Not Stepdown
Trigger Event Not Triggered
Dividend Withdrawal 0.00
Dividend Deposit 9,397.00
Beg Dividend Account Balance 28,951.07
End Dividend Account Balance 38,348.07
Excess Cash 2,697,609.30
Group Level Collateral Statement
Group GROUP 1 GROUP 2 GROUP 3
Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM
Weighted Average Coupon Rate 8.014750 7.007526 7.029704
Weighted Average Net Rate 7.514750 6.507526 6.529704
Weighted Average Maturity 352 352 353
Beginning Loan Count 389 3,394 61
Loans Paid In Full 3 27 1
Ending Loan Count 386 3,367 60
Beginning Scheduled Balance 44,892,175.99 548,208,765.31 22,478,795.35
Ending scheduled Balance 44,517,227.92 543,697,920.57 22,109,669.22
Record Date 09/30/2003 09/30/2003 09/30/2003
Principal And Interest Constant 341,160.33 3,355,862.59 151,195.89
Scheduled Principal 41,327.36 154,539.84 19,513.16
Unscheduled Principal 333,620.71 4,356,304.90 349,612.97
Scheduled Interest 299,832.97 3,201,322.75 131,682.73
Servicing Fees 18,705.07 228,420.33 9,366.17
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 224.48 2,741.05 112.40
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 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 280,903.42 2,970,161.37 122,204.16
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 7.508750 6.501526 6.523704
Group Level Collateral Statement
Group GROUP 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.505791 6.919214
Weighted Average Net Rate 6.005791 6.419214
Weighted Average Maturity 353 352
Beginning Loan Count 534 4,378
Loans Paid In Full 4 35
Ending Loan Count 530 4,343
Beginning Scheduled Balance 242,072,583.87 857,652,320.52
Ending scheduled Balance 240,359,496.76 850,684,314.47
Record Date 09/30/2003 09/30/2003
Principal And Interest Constant 1,375,651.73 5,223,870.54
Scheduled Principal 63,256.98 278,637.34
Unscheduled Principal 1,649,830.13 6,689,368.71
Scheduled Interest 1,312,394.75 4,945,233.20
Servicing Fees 100,863.57 357,355.14
Master Servicing Fees 0.00 0.00
Trustee Fee 1,210.36 4,288.29
FRY Amount 0.00 0.00
Special Hazard Fee 0.00 0.00
Other Fee 0.00 0.00
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 1,210,320.82 4,583,589.77
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 5.999791 6.413214