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): December 26, 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 December 26, 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 December
26, 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: 12/31/03
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
December 26, 2003 distribution.
EX-99.1
First Franklin Mortgage Loan Trust
Mortgage Pass-Through Certificates
Record Date: 11/30/03
Distribution Date: 12/26/03
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% 425,060,585.13 699,578.88 3,624,267.51
II-A1 32027NEB3 SEN 1.26875% 19,513,239.40 21,318.89 819,695.86
II-A2 32027NEC1 SEN 1.56875% 19,670,000.00 26,571.57 0.00
M-1 32027NED9 MEZ 1.81875% 33,502,000.00 52,469.02 0.00
M-2 32027NEE7 MEZ 2.86875% 32,045,000.00 79,161.16 0.00
M-3 32027NEF4 MEZ 3.26875% 8,740,000.00 24,600.98 0.00
M-4 32027NEG2 MEZ 4.61875% 8,740,000.00 34,761.23 0.00
M-5 32027NEH0 MEZ 5.11875% 10,196,000.00 44,942.06 0.00
M-6 32027NEJ6 MEZ 5.11875% 7,283,000.00 32,102.10 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% 6,991,664.19 2,449,363.36 0.00
P FFM03FH1P SEN 0.00000% 100.00 56,129.68 0.00
DIV CERT SEN 0.00000% 0.00 0.00 0.00
Totals 575,237,588.72 3,538,478.93 4,443,963.37
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
I-A1 0.00 421,436,317.62 4,323,846.39 0.00
II-A1 0.00 18,693,543.54 841,014.75 0.00
II-A2 0.00 19,670,000.00 26,571.57 0.00
M-1 0.00 33,502,000.00 52,469.02 0.00
M-2 0.00 32,045,000.00 79,161.16 0.00
M-3 0.00 8,740,000.00 24,600.98 0.00
M-4 0.00 8,740,000.00 34,761.23 0.00
M-5 0.00 10,196,000.00 44,942.06 0.00
M-6 0.00 7,283,000.00 32,102.10 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 2,449,363.36 0.00
P 0.00 100.00 56,129.68 0.00
DIV CERT 0.00 0.00 0.00 0.00
Totals 0.00 570,793,625.35 7,982,442.30 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 430,975,000.00 425,060,585.13 0.00 3,624,267.51 0.00 0.00
II-A1 21,000,000.00 19,513,239.40 0.00 819,695.86 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 6,991,664.19 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 582,638,682.18 575,237,588.72 0.00 4,443,963.37 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 3,624,267.51 421,436,317.62 0.97786720 3,624,267.51
II-A1 819,695.86 18,693,543.54 0.89016874 819,695.86
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 4,443,963.37 570,793,625.35 0.97966998 4,443,963.37
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 430,975,000.00 986.27666368 0.00000000 8.40946113 0.00000000
II-A1 21,000,000.00 929.20187619 0.00000000 39.03313619 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 1000.01172982 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 8.40946113 977.86720255 0.97786720 8.40946113
II-A1 0.00000000 39.03313619 890.16874000 0.89016874 39.03313619
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% 425,060,585.13 699,578.88 0.00 0.00
II-A1 21,000,000.00 1.26875% 19,513,239.40 21,318.89 0.00 0.00
II-A2 19,670,000.00 1.56875% 19,670,000.00 26,571.57 0.00 0.00
M-1 33,502,000.00 1.81875% 33,502,000.00 52,469.02 0.00 0.00
M-2 32,045,000.00 2.86875% 32,045,000.00 79,161.16 0.00 0.00
M-3 8,740,000.00 3.26875% 8,740,000.00 24,600.98 0.00 0.00
M-4 8,740,000.00 4.61875% 8,740,000.00 34,761.23 0.00 0.00
M-5 10,196,000.00 5.11875% 10,196,000.00 44,942.06 0.00 0.00
M-6 7,283,000.00 5.11875% 7,283,000.00 32,102.10 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% 6,991,664.19 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 1,032,985.89 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 0.00 699,578.88 0.00 421,436,317.62
II-A1 0.00 0.00 21,318.89 0.00 18,693,543.54
II-A2 0.00 0.00 26,571.57 0.00 19,670,000.00
M-1 0.00 0.00 52,469.02 0.00 33,502,000.00
M-2 0.00 0.00 79,161.16 0.00 32,045,000.00
M-3 0.00 0.00 24,600.98 0.00 8,740,000.00
M-4 0.00 0.00 34,761.23 0.00 8,740,000.00
M-5 0.00 0.00 44,942.06 0.00 10,196,000.00
M-6 0.00 0.00 32,102.10 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 2,449,363.36 0.00 6,991,664.19
P 0.00 0.00 56,129.68 0.00 100.00
DIV CERT 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 3,538,478.93 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% 986.27666368 1.62324701 0.00000000 0.00000000
II-A1 21,000,000.00 1.26875% 929.20187619 1.01518524 0.00000000 0.00000000
II-A2 19,670,000.00 1.56875% 1000.00000000 1.35086782 0.00000000 0.00000000
M-1 33,502,000.00 1.81875% 1000.00000000 1.56614590 0.00000000 0.00000000
M-2 32,045,000.00 2.86875% 1000.00000000 2.47031237 0.00000000 0.00000000
M-3 8,740,000.00 3.26875% 1000.00000000 2.81475744 0.00000000 0.00000000
M-4 8,740,000.00 4.61875% 1000.00000000 3.97725744 0.00000000 0.00000000
M-5 10,196,000.00 5.11875% 1000.00000000 4.40781287 0.00000000 0.00000000
M-6 7,283,000.00 5.11875% 1000.00000000 4.40781271 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% 1000.01172982 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 1.62324701 0.00000000 977.86720255
II-A1 0.00000000 0.00000000 1.01518524 0.00000000 890.16874000
II-A2 0.00000000 0.00000000 1.35086782 0.00000000 1000.00000000
M-1 0.00000000 0.00000000 1.56614590 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.47031237 0.00000000 1000.00000000
M-3 0.00000000 0.00000000 2.81475744 0.00000000 1000.00000000
M-4 0.00000000 0.00000000 3.97725744 0.00000000 1000.00000000
M-5 0.00000000 0.00000000 4.40781287 0.00000000 1000.00000000
M-6 0.00000000 0.00000000 4.40781271 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 350.33033968 0.00000000 1000.01172982
P 0.00000000 0.00000000 561296.80000000 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 8,169,829.88
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 56,129.68
Total Deposits 8,225,959.56
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 243,517.26
Payment of Interest and Principal 7,982,442.30
Total Withdrawals (Pool Distribution Amount) 8,225,959.56
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 239,682.29
Trustee Fee 3,834.97
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 243,517.26
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 14 0 0 14
1,961,797.65 0.00 0.00 1,961,797.65
30 Days 36 1 0 0 37
6,021,626.43 125,174.25 0.00 0.00 6,146,800.68
60 Days 30 2 0 0 32
3,659,264.54 280,096.22 0.00 0.00 3,939,360.76
90 Days 17 0 0 0 17
2,707,295.26 0.00 0.00 0.00 2,707,295.26
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 83 17 0 0 100
12,388,186.23 2,367,068.12 0.00 0.00 14,755,254.35
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 0.335570% 0.000000% 0.000000% 0.335570%
0.343696% 0.000000% 0.000000% 0.343696%
30 Days 0.862895% 0.023969% 0.000000% 0.000000% 0.886865%
1.054957% 0.021930% 0.000000% 0.000000% 1.076887%
60 Days 0.719080% 0.047939% 0.000000% 0.000000% 0.767018%
0.641084% 0.049071% 0.000000% 0.000000% 0.690155%
90 Days 0.407478% 0.000000% 0.000000% 0.000000% 0.407478%
0.474304% 0.000000% 0.000000% 0.000000% 0.474304%
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 1.989453% 0.407478% 0.000000% 0.000000% 2.396932%
2.170344% 0.414698% 0.000000% 0.000000% 2.585042%
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 7.775340%
Weighted Average Net Coupon 7.275341%
Weighted Average Pass-Through Rate 7.267340%
Weighted Average Maturity(Stepdown Calculation ) 353
Beginning Scheduled Collateral Loan Count 4,194
Number Of Loans Paid In Full 22
Ending Scheduled Collateral Loan Count 4,172
Beginning Scheduled Collateral Balance 575,237,588.71
Ending Scheduled Collateral Balance 570,793,625.34
Ending Actual Collateral Balance at 30-Nov-2003 570,793,625.34
Monthly P &I Constant 4,076,958.31
Special Servicing Fee 0.00
Prepayment Penalties 56,129.68
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Ending Scheduled Balance for Premium Loans 570,793,625.34
Scheduled Principal 349,734.91
Unscheduled Principal 4,094,228.46
Miscellaneous Reporting
Credit Enhancement Percentage 19.05017%
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 1.29125%
Class II-A2 PT rate next dist. date 1.59125%
Class M-1 PT rate next dist. date 1.84125%
Class M-2 PT rate next dist. date 2.89125%
Class M-3 PT rate next dist. date 3.29125%
Class M-4 PT rate next dist. date 4.64125%
Class M-5 PT rate next dist. date 5.14125%
Class M-6 PT rate next dist. date 5.14125%
Net WAC Rate 7.27533951%
Overcollateralization Amount 6,991,664.19
Overcollateralization Deficiency Amount 0.00
Overcollateralization Increase Amount 0.00
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 2,449,362.83
Soldier/Sailor Interest Shortfall 0.00
Group Level Collateral Statement
Group 1 2 3
Collateral Description Mixed Fixed Mixed ARM Mixed Fixed
Weighted Average Coupon Rate 8.054021 7.763115 7.736890
Weighted Average Net Rate 7.554021 7.263115 7.236889
Weighted Average Maturity 353 353 354
Beginning Loan Count 641 3,427 11
Loans Paid In Full 4 16 1
Ending Loan Count 637 3,411 10
Beginning Scheduled Balance 76,604,990.09 449,878,153.22 4,383,706.98
Ending scheduled Balance 76,009,139.51 446,849,736.29 3,953,798.89
Record Date 11/30/2003 11/30/2003 11/30/2003
Principal And Interest Constant 571,801.50 3,181,151.70 31,227.34
Scheduled Principal 57,653.00 270,771.75 2,963.79
Unscheduled Principal 538,197.58 2,757,645.18 426,944.30
Scheduled Interest 514,148.50 2,910,379.95 28,263.55
Servicing Fees 31,918.74 187,449.20 1,826.55
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 510.72 2,999.21 29.22
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 481,719.04 2,719,931.54 26,407.78
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 7.546021 7.255115 7.228890
Group Level Collateral Statement
Group 4 Total
Collateral Description Mixed ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 7.421956 7.775340
Weighted Average Net Rate 6.921956 7.275341
Weighted Average Maturity 354 353
Beginning Loan Count 115 4,194
Loans Paid In Full 1 22
Ending Loan Count 114 4,172
Beginning Scheduled Balance 44,370,738.42 575,237,588.71
Ending scheduled Balance 43,980,950.65 570,793,625.34
Record Date 11/30/2003 11/30/2003
Principal And Interest Constant 292,777.77 4,076,958.31
Scheduled Principal 18,346.37 349,734.91
Unscheduled Principal 371,441.40 4,094,228.46
Scheduled Interest 274,431.40 3,727,223.40
Servicing Fees 18,487.80 239,682.29
Master Servicing Fees 0.00 0.00
Trustee Fee 295.82 3,834.97
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 255,647.78 3,483,706.14
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 6.913956 7.267340