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-FF4 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-108195-02 54-2126385
Pooling and Servicing Agreement) (Commission 54-2126386
(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-FF4 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-FF4 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-FF4 Trust
By: Wells Fargo Bank Minnesota, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 11/7/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Asset Backed
Certificates, Series 2003-FF4 Trust, relating to the
October 27, 2003 distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Asset Backed Certificates
Record Date: 9/30/03
Distribution Date: 10/27/03
FFM Series: 2003-FF4
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 32027NDQ1 SEN 2.16500% 604,381,000.00 1,090,404.05 3,769,255.40
A-2 32027NDR9 SEN 2.02000% 100,000,000.00 168,333.33 623,655.51
A-3 32027NDS7 SEN 2.20000% 100,000,000.00 183,333.33 1,578,012.01
A-4 32027NDT5 SEN 2.02000% 238,738,000.00 401,875.63 3,767,314.32
M-1 32027NDU2 MEZ 2.58500% 56,900,000.00 122,572.08 0.00
M-2 32027NDV0 MEZ 2.77000% 45,000,000.00 110,800.00 0.00
M-3 32027NDW8 MEZ 3.02000% 15,000,000.00 40,266.67 0.00
M-4 32027NDX6 MEZ 4.02000% 12,000,000.00 42,880.00 0.00
M-5 32027NDY4 MEZ 4.92000% 12,000,000.00 52,480.00 0.00
M-6 32027NDZ1 MEZ 4.92000% 9,000,000.00 39,360.00 0.00
R FFM3FF4R1 SEN 0.00000% 0.00 0.00 0.00
C FFM03FF4C SEN 0.00000% 5,967,682.45 3,883,306.51 0.00
P FFM03FF4P SEN 0.00000% 100.00 88,987.50 0.00
DIV CERT SEN 0.00000% 0.00 0.00 0.00
Totals 1,198,986,782.45 6,224,599.10 9,738,237.24
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 600,611,744.60 4,859,659.45 0.00
A-2 0.00 99,376,344.49 791,988.84 0.00
A-3 0.00 98,421,987.99 1,761,345.34 0.00
A-4 0.00 234,970,685.68 4,169,189.95 0.00
M-1 0.00 56,900,000.00 122,572.08 0.00
M-2 0.00 45,000,000.00 110,800.00 0.00
M-3 0.00 15,000,000.00 40,266.67 0.00
M-4 0.00 12,000,000.00 42,880.00 0.00
M-5 0.00 12,000,000.00 52,480.00 0.00
M-6 0.00 9,000,000.00 39,360.00 0.00
R 0.00 0.00 0.00 0.00
C 0.00 5,994,933.91 3,883,306.51 0.00
P 0.00 100.00 88,987.50 0.00
DIV CERT 0.00 0.00 0.00 0.00
Totals 0.00 1,189,275,796.67 15,962,836.34 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-1 604,381,000.00 604,381,000.00 0.00 3,769,255.40 0.00 0.00
A-2 100,000,000.00 100,000,000.00 0.00 623,655.51 0.00 0.00
A-3 100,000,000.00 100,000,000.00 0.00 1,578,012.01 0.00 0.00
A-4 238,738,000.00 238,738,000.00 0.00 3,767,314.32 0.00 0.00
M-1 56,900,000.00 56,900,000.00 0.00 0.00 0.00 0.00
M-2 45,000,000.00 45,000,000.00 0.00 0.00 0.00 0.00
M-3 15,000,000.00 15,000,000.00 0.00 0.00 0.00 0.00
M-4 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00
M-5 12,000,000.00 12,000,000.00 0.00 0.00 0.00 0.00
M-6 9,000,000.00 9,000,000.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
C 5,967,682.45 5,967,682.45 0.00 0.00 0.00 0.00
5,967,682.45 5,967,682.45 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
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
0.00 0.00 0.00 0.00 0.00 0.00
Totals 1,204,954,564.90 1,204,954,564.90 0.00 9,738,237.24 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 3,769,255.40 600,611,744.60 0.99376344 3,769,255.40
A-2 623,655.51 99,376,344.49 0.99376344 623,655.51
A-3 1,578,012.01 98,421,987.99 0.98421988 1,578,012.01
A-4 3,767,314.32 234,970,685.68 0.98421988 3,767,314.32
M-1 0.00 56,900,000.00 1.00000000 0.00
M-2 0.00 45,000,000.00 1.00000000 0.00
M-3 0.00 15,000,000.00 1.00000000 0.00
M-4 0.00 12,000,000.00 1.00000000 0.00
M-5 0.00 12,000,000.00 1.00000000 0.00
M-6 0.00 9,000,000.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
R 0.00 0.00 0.00000000 0.00
C 0.00 5,994,933.91 1.00456651 0.00
C 0.00 5,994,933.91 1.00456651 0.00
P 0.00 100.00 1.00000000 0.00
P 0.00 100.00 1.00000000 0.00
DIV CERT 0.00 0.00 0.00000000 0.00
DIV CERT 0.00 0.00 0.00000000 0.00
Totals 9,738,237.24 1,195,270,830.58 0.99196340 9,738,237.24
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-1 604,381,000.00 1000.00000000 0.00000000 6.23655509 0.00000000
A-2 100,000,000.00 1000.00000000 0.00000000 6.23655510 0.00000000
A-3 100,000,000.00 1000.00000000 0.00000000 15.78012010 0.00000000
A-4 238,738,000.00 1000.00000000 0.00000000 15.78012013 0.00000000
M-1 56,900,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 45,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 15,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 12,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 9,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
C 5,967,682.45 1000.00000000 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>
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 6.23655509 993.76344491 0.99376344 6.23655509
A-2 0.00000000 6.23655510 993.76344490 0.99376344 6.23655510
A-3 0.00000000 15.78012010 984.21987990 0.98421988 15.78012010
A-4 0.00000000 15.78012013 984.21987987 0.98421988 15.78012013
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-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M-6 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 1,004.56650638 1.00456651 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-1 604,381,000.00 2.16500% 604,381,000.00 1,090,404.05 0.00 0.00
A-2 100,000,000.00 2.02000% 100,000,000.00 168,333.33 0.00 0.00
A-3 100,000,000.00 2.20000% 100,000,000.00 183,333.33 0.00 0.00
A-4 238,738,000.00 2.02000% 238,738,000.00 401,875.63 0.00 0.00
M-1 56,900,000.00 2.58500% 56,900,000.00 122,572.08 0.00 0.00
M-2 45,000,000.00 2.77000% 45,000,000.00 110,800.00 0.00 0.00
M-3 15,000,000.00 3.02000% 15,000,000.00 40,266.67 0.00 0.00
M-4 12,000,000.00 4.02000% 12,000,000.00 42,880.00 0.00 0.00
M-5 12,000,000.00 4.92000% 12,000,000.00 52,480.00 0.00 0.00
M-6 9,000,000.00 4.92000% 9,000,000.00 39,360.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
C 5,967,682.45 0.00000% 5,967,682.45 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 1,198,986,782.45 2,252,305.09 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 1,090,404.05 0.00 600,611,744.60
A-2 0.00 0.00 168,333.33 0.00 99,376,344.49
A-3 0.00 0.00 183,333.33 0.00 98,421,987.99
A-4 0.00 0.00 401,875.63 0.00 234,970,685.68
M-1 0.00 0.00 122,572.08 0.00 56,900,000.00
M-2 0.00 0.00 110,800.00 0.00 45,000,000.00
M-3 0.00 0.00 40,266.67 0.00 15,000,000.00
M-4 0.00 0.00 42,880.00 0.00 12,000,000.00
M-5 0.00 0.00 52,480.00 0.00 12,000,000.00
M-6 0.00 0.00 39,360.00 0.00 9,000,000.00
R 0.00 0.00 0.00 0.00 0.00
C 0.00 0.00 3,883,306.51 0.00 5,994,933.91
P 0.00 0.00 88,987.50 0.00 100.00
DIV CERT 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 6,224,599.10 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-1 604,381,000.00 2.16500% 1000.00000000 1.80416666 0.00000000 0.00000000
A-2 100,000,000.00 2.02000% 1000.00000000 1.68333330 0.00000000 0.00000000
A-3 100,000,000.00 2.20000% 1000.00000000 1.83333330 0.00000000 0.00000000
A-4 238,738,000.00 2.02000% 1000.00000000 1.68333332 0.00000000 0.00000000
M-1 56,900,000.00 2.58500% 1000.00000000 2.15416661 0.00000000 0.00000000
M-2 45,000,000.00 2.77000% 1000.00000000 2.46222222 0.00000000 0.00000000
M-3 15,000,000.00 3.02000% 1000.00000000 2.68444467 0.00000000 0.00000000
M-4 12,000,000.00 4.02000% 1000.00000000 3.57333333 0.00000000 0.00000000
M-5 12,000,000.00 4.92000% 1000.00000000 4.37333333 0.00000000 0.00000000
M-6 9,000,000.00 4.92000% 1000.00000000 4.37333333 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
C 5,967,682.45 0.00000% 1000.00000000 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>
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 1.80416666 0.00000000 993.76344491
A-2 0.00000000 0.00000000 1.68333330 0.00000000 993.76344490
A-3 0.00000000 0.00000000 1.83333330 0.00000000 984.21987990
A-4 0.00000000 0.00000000 1.68333332 0.00000000 984.21987987
M-1 0.00000000 0.00000000 2.15416661 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.46222222 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.68444467 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.57333333 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 4.37333333 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.37333333 0.00000000 1000.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 650.72271230 0.00000000 1004.56650638
P 0.00000000 0.00000000 889875.00000000 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 16,378,422.52
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 88,987.50
Total Deposits 16,467,410.02
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 504,573.68
Payment of Interest and Principal 15,962,836.34
Total Withdrawals (Pool Distribution Amount) 16,467,410.02
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 499,577.88
Trustee Fee 4,995.80
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 504,573.68
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 25 0 0 0 25
4,960,768.42 0.00 0.00 0.00 4,960,768.42
60 Days 2 0 0 0 2
448,000.00 0.00 0.00 0.00 448,000.00
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 27 0 0 0 27
5,408,768.42 0.00 0.00 0.00 5,408,768.42
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 0.428743% 0.000000% 0.000000% 0.000000% 0.428743%
0.417125% 0.000000% 0.000000% 0.000000% 0.417125%
60 Days 0.034299% 0.000000% 0.000000% 0.000000% 0.034299%
0.037670% 0.000000% 0.000000% 0.000000% 0.037670%
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 0.463042% 0.000000% 0.000000% 0.000000% 0.463042%
0.454795% 0.000000% 0.000000% 0.000000% 0.454795%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 39,083.08
COLLATERAL STATEMENT
Collateral Description Mixed Fixed & Arm
Weighted Average Gross Coupon 6.676178%
Weighted Average Net Coupon 6.176178%
Weighted Average Pass-Through Rate 6.171178%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 5,867
Number Of Loans Paid In Full 36
Ending Scheduled Collateral Loan Count 5,831
Beginning Scheduled Collateral Balance 1,198,986,782.45
Ending Scheduled Collateral Balance 1,189,275,796.67
Ending Actual Collateral Balance at 30-Sep-2003 1,189,275,796.67
Monthly P &I Constant 7,021,246.03
Special Servicing Fee 0.00
Prepayment Penalties 88,987.50
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 1,189,275,796.67
Scheduled Principal 350,704.59
Unscheduled Principal 9,360,281.19
Miscellaneous Reporting
Credit Enhancement Percentage 0.130000%
Extra Principal Amount 27,251.46
Overcollateralization Amount 5,994,933.91
Overcollateralized Deficiency Amount 27,251.46
Overcollateralized Increase Amount 27,251.46
Overcollateralized Reduction Amount 0.00
Target Overcollaterlization Amount 5,994,933.91
Specified Overcollateralized Amount 5,994,933.91
Step Down Date in Effect Do not Stepdown
Trigger Event Not Triggered
Cap Payment Amount 0.00
Dividend Account Withdrawal 0.00
Dividend Account Deposit 3,104.77
Beginning Dividend Acct Balance 0.00
Ending Dividend Acct Balance 3,104.77
Excess Cash 3,910,557.97
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 7.727848 6.768921 6.905537
Weighted Average Net Rate 7.227848 6.268921 6.405536
Weighted Average Maturity 355 355 356
Beginning Loan Count 515 4,488 61
Loans Paid In Full 7 20 0
Ending Loan Count 508 4,468 61
Beginning Scheduled Balance 61,329,117.64 748,303,823.88 31,332,949.03
Ending scheduled Balance 60,805,729.27 744,446,594.45 31,302,288.06
Record Date 09/30/2003 09/30/2003 09/30/2003
Principal And Interest Constant 450,568.01 4,417,731.57 208,381.38
Scheduled Principal 55,616.26 196,723.58 28,072.36
Unscheduled Principal 467,772.11 3,660,505.85 2,588.61
Scheduled Interest 394,951.75 4,221,007.99 180,309.02
Servicing Fees 25,553.81 311,793.29 13,055.40
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 255.54 3,117.95 130.56
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 369,142.40 3,906,096.75 167,123.06
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 0.00 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.222848 6.263921 6.400537
Group Level Collateral Statement
Group Group 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.282112 6.676178
Weighted Average Net Rate 5.782112 6.176178
Weighted Average Maturity 356 355
Beginning Loan Count 803 5,867
Loans Paid In Full 9 36
Ending Loan Count 794 5,831
Beginning Scheduled Balance 358,020,891.90 1,198,986,782.45
Ending scheduled Balance 352,721,184.89 1,189,275,796.67
Record Date 09/30/2003 09/30/2003
Principal And Interest Constant 1,944,565.07 7,021,246.03
Scheduled Principal 70,292.39 350,704.59
Unscheduled Principal 5,229,414.62 9,360,281.19
Scheduled Interest 1,874,272.68 6,670,541.44
Servicing Fees 149,175.38 499,577.88
Master Servicing Fees 0.00 0.00
Trustee Fee 1,491.75 4,995.80
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 1,723,605.55 6,165,967.76
Realized Loss Amount 0.00 0.00
Cumulative Realized Loss 0.00 0.00
Percentage of Cumulative Losses 0.0000 0.0000
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.777112 6.171178