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): November 25, 2003
AEGIS MORTGAGE CORPORATION
Mortgage Loan Asset Backed Certificates, Series 2003-1 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-90230-01 54-2110382
Pooling and Servicing Agreement) (Commission 54-2110383
(State or other File Number) 54-2110381
jurisdiction 54-2110384
of Incorporation) IRS EIN
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 November 25, 2003 a distribution was made to holders of AEGIS MORTGAGE
CORPORATION, Mortgage Loan Asset Backed Certificates, Series 2003-1 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 Mortgage Loan Asset Backed
Certificates, Series 2003-1 Trust,
relating to the November 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.
AEGIS MORTGAGE CORPORATION
Mortgage Loan Asset Backed Certificates, Series 2003-1 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: 12/3/03
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Monthly report distributed to holders of Mortgage
Loan Asset Backed Certificates, Series 2003-1 Trust,
relating to the November 25, 2003 distribution.
EX-99.1
AEGIS MORTGAGE CORPORATION
Mortgage Loan Asset Backed Certificates
Record Date: 10/31/03
Distribution Date: 11/25/03
AEGIS Series: 2003-1
Contact: CTSLink Customer Service
Wells Fargo Bank Minnesota, N.A.
Corporate Trust Services
9062 Old Annapolis Road
Columbia, MD 21045-1951
Telephone: (301) 815-6600
Fax: (301) 815-6600
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>
A1 00764MAA5 SEN 1.52000% 217,429,353.74 266,230.16 6,386,280.21
A-IO 00764MAB3 SEN-IO 6.00000% 0.00 80,500.00 0.00
M1 00764MAC1 MEZ 2.17000% 16,464,000.00 28,779.99 0.00
M2 00764MAD9 MEZ 3.37000% 12,169,000.00 33,035.45 0.00
B1 00764MAE7 SUB 4.62000% 8,591,321.00 31,974.03 0.00
X AEG03001X OC 0.00000% 3,006,562.00 972,250.53 0.00
P AEG03001P SEN 0.00000% 100.00 179,044.98 0.00
R1 AEG0301R1 RES 0.00000% 0.00 0.00 0.00
Totals 257,660,336.74 1,591,815.14 6,386,280.21
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A1 0.00 211,043,073.53 6,652,510.37 0.00
A-IO 0.00 0.00 80,500.00 0.00
M1 0.00 16,464,000.00 28,779.99 0.00
M2 0.00 12,169,000.00 33,035.45 0.00
B1 0.00 8,591,321.00 31,974.03 0.00
X 0.00 3,006,562.00 972,250.53 0.00
P 0.00 100.00 179,044.98 0.00
R1 0.00 0.00 0.00 0.00
Totals 0.00 251,274,056.53 7,978,095.35 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>
A1 249,115,000.00 217,429,353.74 0.00 6,386,280.21 0.00 0.00
A-IO 0.00 0.00 0.00 0.00 0.00 0.00
M1 16,464,000.00 16,464,000.00 0.00 0.00 0.00 0.00
M2 12,169,000.00 12,169,000.00 0.00 0.00 0.00 0.00
B1 8,591,321.00 8,591,321.00 0.00 0.00 0.00 0.00
X 0.48 3,006,562.00 0.00 0.00 0.00 0.00
P 100.00 100.00 0.00 0.00 0.00 0.00
R1 0.00 0.00 0.00 0.00 0.00 0.00
Totals 286,339,421.48 257,660,336.74 0.00 6,386,280.21 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>
A1 6,386,280.21 211,043,073.53 0.84717128 6,386,280.21
A-IO 0.00 0.00 0.00000000 0.00
M1 0.00 16,464,000.00 1.00000000 0.00
M2 0.00 12,169,000.00 1.00000000 0.00
B1 0.00 8,591,321.00 1.00000000 0.00
X 0.00 3,006,562.00 263,670.83333333 0.00
P 0.00 100.00 1.00000000 0.00
R1 0.00 0.00 0.00000000 0.00
Totals 6,386,280.21 251,274,056.53 0.87753916 6,386,280.21
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>
A1 249,115,000.00 872.80715228 0.00000000 25.63587183 0.00000000
A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
M1 16,464,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
M2 12,169,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
B1 8,591,321.00 1000.00000000 0.00000000 0.00000000 0.00000000
X 0.48 263670833.33333000 0.00000000 0.00000000 0.00000000
P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
</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>
A1 0.00000000 25.63587183 847.17128045 0.84717128 25.63587183
A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
B1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
X 0.00000000 0.00000000 6263,670,833.33333000 6263670.83333333 0.00000000
P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
R1 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>
A1 249,115,000.00 1.52000% 217,429,353.74 266,230.16 0.00 0.00
A-IO 0.00 6.00000% 16,100,000.00 80,500.00 0.00 0.00
M1 16,464,000.00 2.17000% 16,464,000.00 28,779.99 0.00 0.00
M2 12,169,000.00 3.37000% 12,169,000.00 33,035.45 0.00 0.00
B1 8,591,321.00 4.62000% 8,591,321.00 31,974.03 0.00 0.00
X 0.48 0.00000% 3,006,562.00 0.00 0.00 0.00
P 100.00 0.00000% 100.00 0.00 0.00 0.00
R1 0.00 0.00000% 0.00 0.00 0.00 0.00
Totals 286,339,421.48 440,519.63 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>
A1 0.00 0.00 266,230.16 0.00 211,043,073.53
A-IO 0.00 0.00 80,500.00 0.00 16,100,000.00
M1 0.00 0.00 28,779.99 0.00 16,464,000.00
M2 0.00 0.00 33,035.45 0.00 12,169,000.00
B1 0.00 0.00 31,974.03 0.00 8,591,321.00
X 0.00 0.00 972,250.53 0.00 3,006,562.00
P 0.00 0.00 179,044.98 0.00 100.00
R1 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 1,591,815.14 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>
A1 249,115,000.00 1.52000% 872.80715228 1.06870385 0.00000000 0.00000000
A-IO 0.00 6.00000% 835.15277330 4.17576387 0.00000000 0.00000000
M1 16,464,000.00 2.17000% 1000.00000000 1.74805576 0.00000000 0.00000000
M2 12,169,000.00 3.37000% 1000.00000000 2.71472183 0.00000000 0.00000000
B1 8,591,321.00 4.62000% 1000.00000000 3.72166632 0.00000000 0.00000000
X 0.48 0.00000% 263670833.33333000 0.00000000 0.00000000 0.00000000
P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
R1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000
<FN>
(5) Per $1 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>
A1 0.00000000 0.00000000 1.06870385 0.00000000 847.17128045
A-IO 0.00000000 0.00000000 4.17576387 0.00000000 835.15277330
M1 0.00000000 0.00000000 1.74805576 0.00000000 1000.00000000
M2 0.00000000 0.00000000 2.71472183 0.00000000 1000.00000000
B1 0.00000000 0.00000000 3.72166632 0.00000000 1000.00000000
X 0.00000000 0.00000000 25521937.50000000 0.00000000 263670833.33333000
P 0.00000000 0.00000000 1790449.80000000 0.00000000 1000.00000000
R1 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 8,173,658.10
Liquidations, Insurance Proceeds, Reserve Funds 0.00
Proceeds from Repurchased Loans 0.00
Other Amounts (Servicer Advances) 86,393.70
Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00
Prepayment Penalties 179,044.98
Total Deposits 8,439,096.78
Withdrawals
Reimbursement for Servicer Advances 78,406.78
Payment of Service Fee 382,594.65
Payment of Interest and Principal 7,978,095.35
Total Withdrawals (Pool Distribution Amount) 8,439,096.78
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 107,358.43
Credit Risk Fee 3,220.75
MGIC Fee 269,331.52
Trustee Fee 2,683.95
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 382,594.65
OTHER ACCOUNTS
Beginning Current Current Ending
Account Type Balance Withdrawals Deposits Balance
<s> <c> <c> <c> <c>
Reserve Fund 1,000.00 0.00 0.00 1,000.00
Financial Guaranty 0.00 0.00 0.00 0.00
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 5 0 0 5
750,382.92 0.00 0.00 750,382.92
30 Days 43 3 0 0 46
4,930,939.56 245,161.62 0.00 0.00 5,176,101.18
60 Days 15 1 0 0 16
1,780,194.75 134,220.00 0.00 0.00 1,914,414.75
90 Days 0 1 9 0 10
0.00 241,586.49 1,037,981.58 0.00 1,279,568.07
120 Days 0 1 6 0 7
0.00 46,514.77 556,832.00 0.00 603,346.77
150 Days 0 0 6 0 6
0.00 0.00 945,225.05 0.00 945,225.05
180+ Days 0 2 10 0 12
0.00 227,741.23 1,152,189.60 0.00 1,379,930.83
Totals 58 13 31 0 102
6,711,134.31 1,645,607.03 3,692,228.23 0.00 12,048,969.57
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 0.267666% 0.000000% 0.000000% 0.267666%
0.298631% 0.000000% 0.000000% 0.298631%
30 Days 2.301927% 0.160600% 0.000000% 0.000000% 2.462527%
1.962376% 0.097567% 0.000000% 0.000000% 2.059943%
60 Days 0.802998% 0.053533% 0.000000% 0.000000% 0.856531%
0.708468% 0.053416% 0.000000% 0.000000% 0.761883%
90 Days 0.000000% 0.053533% 0.481799% 0.000000% 0.535332%
0.000000% 0.096145% 0.413088% 0.000000% 0.509232%
120 Days 0.000000% 0.053533% 0.321199% 0.000000% 0.374732%
0.000000% 0.018512% 0.221604% 0.000000% 0.240115%
150 Days 0.000000% 0.000000% 0.321199% 0.000000% 0.321199%
0.000000% 0.000000% 0.376173% 0.000000% 0.376173%
180+ Days 0.000000% 0.107066% 0.535332% 0.000000% 0.642398%
0.000000% 0.090635% 0.458539% 0.000000% 0.549174%
Totals 3.104925% 0.695931% 1.659529% 0.000000% 5.460385%
2.670844% 0.654906% 1.469403% 0.000000% 4.795153%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Arm 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 3 0 0 3
428,541.66 0.00 0.00 428,541.66
30 Days 40 3 0 0 43
4,650,436.56 245,161.62 0.00 0.00 4,895,598.18
60 Days 15 1 0 0 16
1,780,194.75 134,220.00 0.00 0.00 1,914,414.75
90 Days 0 1 8 0 9
0.00 241,586.49 983,118.35 0.00 1,224,704.84
120 Days 0 1 5 0 6
0.00 46,514.77 497,158.08 0.00 543,672.85
150 Days 0 0 5 0 5
0.00 0.00 684,538.64 0.00 684,538.64
180 Days 0 1 10 0 11
0.00 45,875.13 1,152,189.60 0.00 1,198,064.73
Totals 55 10 28 0 93
6,430,631.31 1,141,899.67 3,317,004.67 0.00 10,889,535.65
0-29 Days 0.182927% 0.000000% 0.000000% 0.182927%
0.193270% 0.000000% 0.000000% 0.193270%
30 Days 2.439024% 0.182927% 0.000000% 0.000000% 2.621951%
2.097317% 0.110566% 0.000000% 0.000000% 2.207884%
60 Days 0.914634% 0.060976% 0.000000% 0.000000% 0.975610%
0.802857% 0.060532% 0.000000% 0.000000% 0.863389%
90 Days 0.000000% 0.060976% 0.487805% 0.000000% 0.548780%
0.000000% 0.108954% 0.443380% 0.000000% 0.552334%
120 Days 0.000000% 0.060976% 0.304878% 0.000000% 0.365854%
0.000000% 0.020978% 0.224215% 0.000000% 0.245193%
150 Days 0.000000% 0.000000% 0.304878% 0.000000% 0.304878%
0.000000% 0.000000% 0.308723% 0.000000% 0.308723%
180 Days 0.000000% 0.060976% 0.609756% 0.000000% 0.670732%
0.000000% 0.020689% 0.519630% 0.000000% 0.540320%
Totals 3.353659% 0.609756% 1.707317% 0.000000% 5.670732%
2.900174% 0.514990% 1.495948% 0.000000% 4.911112%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Fixed 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 2 0 0 2
321,841.26 0.00 0.00 321,841.26
30 Days 3 0 0 0 3
280,503.00 0.00 0.00 0.00 280,503.00
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 0 0 1 0 1
0.00 0.00 54,863.23 0.00 54,863.23
120 Days 0 0 1 0 1
0.00 0.00 59,673.92 0.00 59,673.92
150 Days 0 0 1 0 1
0.00 0.00 260,686.41 0.00 260,686.41
180 Days 0 1 0 0 1
0.00 181,866.10 0.00 0.00 181,866.10
Totals 3 3 3 0 9
280,503.00 503,707.36 375,223.56 0.00 1,159,433.92
0-29 Days 0.877193% 0.000000% 0.000000% 0.877193%
1.089460% 0.000000% 0.000000% 1.089460%
30 Days 1.315789% 0.000000% 0.000000% 0.000000% 1.315789%
0.949526% 0.000000% 0.000000% 0.000000% 0.949526%
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% 0.438596% 0.000000% 0.438596%
0.000000% 0.000000% 0.185717% 0.000000% 0.185717%
120 Days 0.000000% 0.000000% 0.438596% 0.000000% 0.438596%
0.000000% 0.000000% 0.202001% 0.000000% 0.202001%
150 Days 0.000000% 0.000000% 0.438596% 0.000000% 0.438596%
0.000000% 0.000000% 0.882446% 0.000000% 0.882446%
180 Days 0.000000% 0.438596% 0.000000% 0.000000% 0.438596%
0.000000% 0.615632% 0.000000% 0.000000% 0.615632%
Totals 1.315789% 1.315789% 1.315789% 0.000000% 3.947368%
0.949526% 1.705092% 1.270164% 0.000000% 3.924782%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 86,393.70
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Gross Coupon 8.361545%
Weighted Average Net Coupon 7.861545%
Weighted Average Pass-Through Rate 6.579689%
Weighted Average Maturity(Stepdown Calculation ) 347
Beginning Scheduled Collateral Loan Count 1,909
Number Of Loans Paid In Full 41
Ending Scheduled Collateral Loan Count 1,868
Beginning Scheduled Collateral Balance 257,660,236.74
Ending Scheduled Collateral Balance 251,273,956.53
Ending Actual Collateral Balance at 31-Oct-2003 251,273,956.53
Monthly P &I Constant 1,979,774.20
Special Servicing Fee 0.00
Prepayment Penalties 179,044.98
Realized Loss Amount 0.00
Cumulative Realized Loss 48,031.54
Ending Scheduled Balance for Premium Loans 251,273,956.53
Scheduled Principal 185,561.66
Unscheduled Principal 6,200,718.55
Required Overcollateralization Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized reduction Amount 0.00
Specified O/C Amount 3,006,562.00
Overcollateralized Amount 3,006,562.00
Overcollateralized Deficiency Amount 0.00
Base Overcollateralized Amount 0.00
Extra principal distribution Amount 0.00
Excess Cash Amount 972,250.53
COLLATERAL STATEMENT
Collateral Description Fixed & Mixed ARM
Weighted Average Coupon Rate 8.361545%
Weighted Average Net Rate 7.861545%
Weighted Average Pass Through Rate 6.579689%
Weighted Average Maturity 347
Record Date 10/31/2003
Principal and Interest Constant 1,979,774.20
Beginning Loan Count 1,909
Loans Paid in Full 41
Ending Loan Count 1,868
Beginning Scheduled Balance 257,660,236.74
Ending Scheduled Balance 251,273,956.53
Ending Actual Balance at 31-Oct-2003 251,273,956.53
Scheduled Principal 185,561.66
Unscheduled Principal 6,200,718.55
Scheduled Interest 1,794,212.54
Servicing Fee 107,358.43
Master Servicing Fee 0.00
Trustee Fee 2,683.95
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 269,331.52
Pool Insurance Fee 0.00
Spread 1 0.00
Spread 2 0.00
Spread 3 0.00
Net Interest 1,414,838.64
Realized Loss Amount 0.00
Cumulative Realized Loss 48,031.54
Percentage of Cumulative Losses 0.0168
Special Servicing Fee 0.00
Prepayment Penalties 179,044.98
Required Overcollateralized Amount 0.00
Overcollateralized Increase Amount 0.00
Overcollateralized Reduction Amount 0.00
Specified O/C Amount 3,006,562.00
Overcollateralized Amount 3,006,562.00
Overcollateralized Deficiency Amount 0.00
Base Overcollateralization Amount 0.00
Group Level Collateral Statement
Group Arm Fixed Total
Collateral Description Mixed ARM Fixed 15 & 30 Year Fixed & Mixed ARM
Weighted Average Coupon Rate 8.360443 8.324214 8.361545
Weighted Average Net Rate 7.860443 7.824213 7.861545
Weighted Average Maturity 347 347 347
Beginning Loan Count 1,675 234 1,909
Loans Paid In Full 35 6 41
Ending Loan Count 1,640 228 1,868
Beginning Scheduled Balance 227,335,114.50 30,325,122.24 257,660,236.74
Ending scheduled Balance 221,732,598.01 29,541,358.52 251,273,956.53
Record Date 10/31/2003 10/31/2003 10/31/2003
Principal And Interest Constant 1,738,738.14 241,036.06 1,979,774.20
Scheduled Principal 154,886.27 30,675.39 185,561.66
Unscheduled Principal 5,447,630.22 753,088.33 6,200,718.55
Scheduled Interest 1,583,851.87 210,360.67 1,794,212.54
Servicing Fees 94,722.95 12,635.48 107,358.43
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 2,368.06 315.89 2,683.95
FRY Amount 0.00 0.00 0.00
Special Hazard Fee 0.00 0.00 0.00
Other Fee 237,039.81 32,291.71 269,331.52
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 1,249,721.05 165,117.59 1,414,838.64
Realized Loss Amount 0.00 0.00 0.00
Cumulative Realized Loss 48,031.54 0.00 48,031.54
Percentage of Cumulative Losses 0.0190 0.0000 0.0168
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 6.596716 6.533894 6.579689