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-FH1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-108195-04
Pooling and Servicing Agreement) (Commission 54-2126388
(State or other File Number) 54-2126387
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 October 27, 2003 a distribution was made to holders of FIRST FRANKLIN
MORTGAGE LOAN TRUST, Asset Backed Certificates, Series 2003-FH1 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-FH1 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-FH1 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-FH1 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-FH1
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>
I-A1 32027NEA5 SEN 1.97500% 430,975,000.00 709,313.02 3,135,540.11
II-A1 32027NEB3 SEN 1.27000% 21,000,000.00 20,743.33 1,460,100.18
II-A2 32027NEC1 SEN 1.57000% 19,670,000.00 24,019.26 0.00
M-1 32027NED9 MEZ 1.82000% 33,502,000.00 47,423.94 0.00
M-2 32027NEE7 MEZ 2.87000% 32,045,000.00 71,531.56 0.00
M-3 32027NEF4 MEZ 3.27000% 8,740,000.00 22,228.73 0.00
M-4 32027NEG2 MEZ 4.62000% 8,740,000.00 31,405.73 0.00
M-5 32027NEH0 MEZ 5.12000% 10,196,000.00 40,602.74 0.00
M-6 32027NEJ6 MEZ 5.12000% 7,283,000.00 29,002.52 0.00
B-1 32027NEK3 SUB 6.00000% 3,496,000.00 17,480.00 0.00
R FFM03FHR1 RES 0.00000% 0.00 0.00 0.00
C FFM03FH1C SEN 0.00000% 6,991,582.18 2,515,039.03 0.00
P FFM03FH1P SEN 0.00000% 100.00 0.00 0.00
DIV CERT SEN 0.00000% 0.00 0.00 0.00
Totals 582,638,682.18 3,528,789.86 4,595,640.29
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
I-A1 0.00 427,839,459.89 3,844,853.13 0.00
II-A1 0.00 19,539,899.82 1,480,843.51 0.00
II-A2 0.00 19,670,000.00 24,019.26 0.00
M-1 0.00 33,502,000.00 47,423.94 0.00
M-2 0.00 32,045,000.00 71,531.56 0.00
M-3 0.00 8,740,000.00 22,228.73 0.00
M-4 0.00 8,740,000.00 31,405.73 0.00
M-5 0.00 10,196,000.00 40,602.74 0.00
M-6 0.00 7,283,000.00 29,002.52 0.00
B-1 0.00 3,496,000.00 17,480.00 0.00
R 0.00 0.00 0.00 0.00
C 0.00 6,991,664.19 2,515,039.03 0.00
P 0.00 100.00 0.00 0.00
DIV CERT 0.00 0.00 0.00 0.00
Totals 0.00 578,043,123.90 8,124,430.15 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>
I-A1 430,975,000.00 430,975,000.00 0.00 3,135,540.11 0.00 0.00
II-A1 21,000,000.00 21,000,000.00 0.00 1,460,100.18 0.00 0.00
II-A2 19,670,000.00 19,670,000.00 0.00 0.00 0.00 0.00
M-1 33,502,000.00 33,502,000.00 0.00 0.00 0.00 0.00
M-2 32,045,000.00 32,045,000.00 0.00 0.00 0.00 0.00
M-3 8,740,000.00 8,740,000.00 0.00 0.00 0.00 0.00
M-4 8,740,000.00 8,740,000.00 0.00 0.00 0.00 0.00
M-5 10,196,000.00 10,196,000.00 0.00 0.00 0.00 0.00
M-6 7,283,000.00 7,283,000.00 0.00 0.00 0.00 0.00
B-1 3,496,000.00 3,496,000.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00
C 6,991,582.18 6,991,582.18 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 582,638,682.18 582,638,682.18 0.00 4,595,640.29 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>
I-A1 3,135,540.11 427,839,459.89 0.99272454 3,135,540.11
II-A1 1,460,100.18 19,539,899.82 0.93047142 1,460,100.18
II-A2 0.00 19,670,000.00 1.00000000 0.00
M-1 0.00 33,502,000.00 1.00000000 0.00
M-2 0.00 32,045,000.00 1.00000000 0.00
M-3 0.00 8,740,000.00 1.00000000 0.00
M-4 0.00 8,740,000.00 1.00000000 0.00
M-5 0.00 10,196,000.00 1.00000000 0.00
M-6 0.00 7,283,000.00 1.00000000 0.00
B-1 0.00 3,496,000.00 1.00000000 0.00
R 0.00 0.00 0.00000000 0.00
C 0.00 6,991,664.19 1.00001173 0.00
P 0.00 100.00 1.00000000 0.00
DIV CERT 0.00 0.00 0.00000000 0.00
Totals 4,595,640.29 578,043,123.90 0.99211251 4,595,640.29
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>
I-A1 430,975,000.00 1000.00000000 0.00000000 7.27545707 0.00000000
II-A1 21,000,000.00 1000.00000000 0.00000000 69.52858000 0.00000000
II-A2 19,670,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-1 33,502,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-2 32,045,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-3 8,740,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-4 8,740,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-5 10,196,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M-6 7,283,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B-1 3,496,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
C 6,991,582.18 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>
(2) All Classes are per $1,000 denomonation.
</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>
I-A1 0.00000000 7.27545707 992.72454293 0.99272454 7.27545707
II-A1 0.00000000 69.52858000 930.47142000 0.93047142 69.52858000
II-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
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
B-1 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 1,000.01172982 1.00001173 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>
I-A1 430,975,000.00 1.97500% 430,975,000.00 709,313.02 0.00 0.00
II-A1 21,000,000.00 1.27000% 21,000,000.00 20,743.33 0.00 0.00
II-A2 19,670,000.00 1.57000% 19,670,000.00 24,019.26 0.00 0.00
M-1 33,502,000.00 1.82000% 33,502,000.00 47,423.94 0.00 0.00
M-2 32,045,000.00 2.87000% 32,045,000.00 71,531.56 0.00 0.00
M-3 8,740,000.00 3.27000% 8,740,000.00 22,228.73 0.00 0.00
M-4 8,740,000.00 4.62000% 8,740,000.00 31,405.73 0.00 0.00
M-5 10,196,000.00 5.12000% 10,196,000.00 40,602.74 0.00 0.00
M-6 7,283,000.00 5.12000% 7,283,000.00 29,002.52 0.00 0.00
B-1 3,496,000.00 6.00000% 3,496,000.00 17,480.00 0.00 0.00
R 0.00 0.00000% 0.00 0.00 0.00 0.00
C 6,991,582.18 0.00000% 6,991,582.18 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 582,638,682.18 1,013,750.83 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>
I-A1 0.00 0.00 709,313.02 0.00 427,839,459.89
II-A1 0.00 0.00 20,743.33 0.00 19,539,899.82
II-A2 0.00 0.00 24,019.26 0.00 19,670,000.00
M-1 0.00 0.00 47,423.94 0.00 33,502,000.00
M-2 0.00 0.00 71,531.56 0.00 32,045,000.00
M-3 0.00 0.00 22,228.73 0.00 8,740,000.00
M-4 0.00 0.00 31,405.73 0.00 8,740,000.00
M-5 0.00 0.00 40,602.74 0.00 10,196,000.00
M-6 0.00 0.00 29,002.52 0.00 7,283,000.00
B-1 0.00 0.00 17,480.00 0.00 3,496,000.00
R 0.00 0.00 0.00 0.00 0.00
C 0.00 0.00 2,515,039.03 0.00 6,991,664.19
P 0.00 0.00 0.00 0.00 100.00
DIV CERT 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,528,789.86 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>
I-A1 430,975,000.00 1.97500% 1000.00000000 1.64583333 0.00000000 0.00000000
II-A1 21,000,000.00 1.27000% 1000.00000000 0.98777762 0.00000000 0.00000000
II-A2 19,670,000.00 1.57000% 1000.00000000 1.22111134 0.00000000 0.00000000
M-1 33,502,000.00 1.82000% 1000.00000000 1.41555549 0.00000000 0.00000000
M-2 32,045,000.00 2.87000% 1000.00000000 2.23222219 0.00000000 0.00000000
M-3 8,740,000.00 3.27000% 1000.00000000 2.54333295 0.00000000 0.00000000
M-4 8,740,000.00 4.62000% 1000.00000000 3.59333295 0.00000000 0.00000000
M-5 10,196,000.00 5.12000% 1000.00000000 3.98222244 0.00000000 0.00000000
M-6 7,283,000.00 5.12000% 1000.00000000 3.98222161 0.00000000 0.00000000
B-1 3,496,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000
R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
C 6,991,582.18 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>
(5) All Classes are per $1,000 denomiantion.
</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>
I-A1 0.00000000 0.00000000 1.64583333 0.00000000 992.72454293
II-A1 0.00000000 0.00000000 0.98777762 0.00000000 930.47142000
II-A2 0.00000000 0.00000000 1.22111134 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 1.41555549 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.23222219 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.54333295 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.59333295 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 3.98222244 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 3.98222161 0.00000000 1000.00000000
B-1 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000
R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
C 0.00000000 0.00000000 359.72387440 0.00000000 1000.01172982
P 0.00000000 0.00000000 0.00000000 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 8,371,080.50
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 0.00
Total Deposits 8,371,080.50
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 246,650.35
Payment of Interest and Principal 8,124,430.15
Total Withdrawals (Pool Distribution Amount) 8,371,080.50
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 242,766.08
Trustee Fee 3,884.27
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 246,650.35
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 7 0 0 7
908,486.83 0.00 0.00 908,486.83
30 Days 87 1 0 0 88
12,304,354.57 74,096.72 0.00 0.00 12,378,451.29
60 Days 25 0 0 0 25
4,129,443.02 0.00 0.00 0.00 4,129,443.02
90 Days 7 0 0 0 7
1,063,531.76 0.00 0.00 0.00 1,063,531.76
120 Days 1 0 0 0 1
105,892.52 0.00 0.00 0.00 105,892.52
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 120 8 0 0 128
17,603,221.87 982,583.55 0.00 0.00 18,585,805.42
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 0.166271% 0.000000% 0.000000% 0.166271%
0.157166% 0.000000% 0.000000% 0.157166%
30 Days 2.066508% 0.023753% 0.000000% 0.000000% 2.090261%
2.128622% 0.012819% 0.000000% 0.000000% 2.141441%
60 Days 0.593824% 0.000000% 0.000000% 0.000000% 0.593824%
0.714383% 0.000000% 0.000000% 0.000000% 0.714383%
90 Days 0.166271% 0.000000% 0.000000% 0.000000% 0.166271%
0.183988% 0.000000% 0.000000% 0.000000% 0.183988%
120 Days 0.023753% 0.000000% 0.000000% 0.000000% 0.023753%
0.018319% 0.000000% 0.000000% 0.000000% 0.018319%
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 2.850356% 0.190024% 0.000000% 0.000000% 3.040380%
3.045313% 0.169984% 0.000000% 0.000000% 3.215297%
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 7.780061%
Weighted Average Net Coupon 7.280061%
Weighted Average Pass-Through Rate 7.272061%
Weighted Average Maturity(Stepdown Calculation ) 355
Beginning Scheduled Collateral Loan Count 4,233
Number Of Loans Paid In Full 23
Ending Scheduled Collateral Loan Count 4,210
Beginning Scheduled Collateral Balance 582,638,682.18
Ending Scheduled Collateral Balance 578,043,123.89
Ending Actual Collateral Balance at 30-Sep-2003 578,043,123.89
Monthly P &I Constant 4,125,947.58
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 578,043,123.89
Scheduled Principal 348,477.15
Unscheduled Principal 4,247,081.14
Miscellaneous Reporting
Credit Enhancement Percentage 19.0502%
Class B-1 PT rate next dist. date 6.00000%
Class I-A1 PT rate next dist. date 1.97500%
Class II-A1 PT rate next dist. date 1.27000%
Class II-A2 PT rate next dist. date 1.57000%
Class M-1 PT rate next dist. date 1.82000%
Class M-2 PT rate next dist. date 2.87000%
Class M-3 PT rate next dist. date 3.27000%
Class M-4 PT rate next dist. date 4.62000%
Class M-5 PT rate next dist. date 5.12000%
Class M-6 PT rate next dist. date 5.12000%
Net WAC Rate 7.272061%
Overcollateralization Amount 6,991,582.18
Overcollateralization Deficiency Amount 82.01
Overcollateralization Increase Amount 82.01
Overcollateralization Reduction Amount 0.00
Overcollateralization Target Amount 6,991,664.19
Specified Overcollateralization Amount 6,991,664.19
Step Down NO
Trigger Event NO
Excess Cash 2,515,203.04
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.063094 7.765059 7.736927
Weighted Average Net Rate 7.563094 7.265059 7.236927
Weighted Average Maturity 355 355 356
Beginning Loan Count 646 3,457 11
Loans Paid In Full 3 16 0
Ending Loan Count 643 3,441 11
Beginning Scheduled Balance 77,447,704.24 454,949,797.99 4,390,948.01
Ending scheduled Balance 76,859,254.21 452,402,763.86 4,386,951.64
Record Date 09/30/2003 09/30/2003 09/30/2003
Principal And Interest Constant 577,661.09 3,213,911.39 31,528.89
Scheduled Principal 57,270.99 269,984.86 3,218.52
Unscheduled Principal 531,179.04 2,277,049.27 777.85
Scheduled Interest 520,390.10 2,943,926.53 28,310.37
Servicing Fees 32,269.86 189,562.40 1,829.56
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 516.31 3,033.01 29.27
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 487,603.93 2,751,331.12 26,451.54
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 7.555094 7.257059 7.228927
Group Level Collateral Statement
Group 4 Total
Collateral Description Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.454970 7.780061
Weighted Average Net Rate 6.954970 7.280061
Weighted Average Maturity 356 355
Beginning Loan Count 119 4,233
Loans Paid In Full 4 23
Ending Loan Count 115 4,210
Beginning Scheduled Balance 45,850,231.94 582,638,682.18
Ending scheduled Balance 44,394,154.18 578,043,123.89
Record Date 09/30/2003 09/30/2003
Principal And Interest Constant 302,846.21 4,125,947.58
Scheduled Principal 18,002.78 348,477.15
Unscheduled Principal 1,438,074.98 4,247,081.14
Scheduled Interest 284,843.43 3,777,470.43
Servicing Fees 19,104.26 242,766.08
Master Servicing Fees 0.00 0.00
Trustee Fee 305.68 3,884.27
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 265,433.49 3,530,820.08
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 6.946970 7.272061