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-FF2 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-104153-05
Pooling and Servicing Agreement) (Commission 54-2116907
(State or other File Number) 54-2116908
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-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 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-FF2 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-FF2 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-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% 502,041,571.99 1,075,205.70 10,306,251.02
A-2 32027NCW9 SEN 2.47000% 222,263,697.37 457,492.78 7,055,955.11
M-1 32027NCX7 MEZ 2.90000% 39,351,000.00 95,098.25 0.00
M-2 32027NCY5 MEZ 2.76875% 34,978,000.00 83,394.60 0.00
M-3A 32027NCZ2 MEZ 3.11875% 4,968,000.00 13,342.01 0.00
M-3F 32027NDA6 MEZ 4.27000% 5,963,000.00 21,218.34 0.00
M-4A 32027NDB4 MEZ 4.11875% 3,745,000.00 13,282.40 0.00
M-4F 32027NDC2 MEZ 4.81000% 5,000,000.00 20,041.67 0.00
M-5A 32027NDD0 MEZ 4.71875% 3,468,000.00 14,091.76 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 2,604,614.86 0.00
P FFM03FF2P SEN 0.00000% 100.00 400,175.17 0.00
DIV CERT FFM03FF2DIV SEN 0.00000% 0.00 0.00 0.00
Totals 835,799,821.26 4,831,167.89 17,362,206.13
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
A-1 0.00 491,735,320.98 11,381,456.72 0.00
A-2 0.00 215,207,742.26 7,513,447.89 0.00
M-1 0.00 39,351,000.00 95,098.25 0.00
M-2 0.00 34,978,000.00 83,394.60 0.00
M-3A 0.00 4,968,000.00 13,342.01 0.00
M-3F 0.00 5,963,000.00 21,218.34 0.00
M-4A 0.00 3,745,000.00 13,282.40 0.00
M-4F 0.00 5,000,000.00 20,041.67 0.00
M-5A 0.00 3,468,000.00 14,091.76 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 2,604,614.86 0.00
P 0.00 100.00 400,175.17 0.00
DIV CERT 0.00 0.00 0.00 0.00
Totals 0.00 818,437,615.14 22,193,374.02 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-1 528,290,000.00 502,041,571.99 0.00 10,306,251.02 0.00 0.00
A-2 234,676,000.00 222,263,697.37 0.00 7,055,955.11 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 874,460,252.94 835,799,821.26 0.00 17,362,206.13 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 10,306,251.02 491,735,320.98 0.93080566 10,306,251.02
A-2 7,055,955.11 215,207,742.26 0.91704197 7,055,955.11
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 17,362,206.13 818,437,615.14 0.93593461 17,362,206.13
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-1 528,290,000.00 950.31435763 0.00000000 19.50869981 0.00000000
A-2 234,676,000.00 947.10876856 0.00000000 30.06679469 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 19.50869981 930.80565784 0.93080566 19.50869981
A-2 0.00000000 30.06679469 917.04197387 0.91704197 30.06679469
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% 502,041,571.99 1,075,205.70 0.00 0.00
A-2 234,676,000.00 2.47000% 222,263,697.37 457,492.78 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 2.76875% 34,978,000.00 83,394.60 0.00 0.00
M-3A 4,968,000.00 3.11875% 4,968,000.00 13,342.01 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 4.11875% 3,745,000.00 13,282.40 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 4.71875% 3,468,000.00 14,091.76 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 1,826,377.86 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 1,075,205.70 0.00 491,735,320.98
A-2 0.00 0.00 457,492.78 0.00 215,207,742.26
M-1 0.00 0.00 95,098.25 0.00 39,351,000.00
M-2 0.00 0.00 83,394.60 0.00 34,978,000.00
M-3A 0.00 0.00 13,342.01 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 13,282.40 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 14,091.76 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 2,604,614.86 0.00 6,558,451.90
P 0.00 0.00 400,175.17 0.00 100.00
DIV CERT 0.00 0.00 0.00 0.00 0.00
Totals 0.00 0.00 4,831,167.89 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% 950.31435763 2.03525658 0.00000000 0.00000000
A-2 234,676,000.00 2.47000% 947.10876856 1.94946556 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 2.76875% 1000.00000000 2.38420150 0.00000000 0.00000000
M-3A 4,968,000.00 3.11875% 1000.00000000 2.68558977 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 4.11875% 1000.00000000 3.54670227 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 4.71875% 1000.00000000 4.06336794 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 2.03525658 0.00000000 930.80565784
A-2 0.00000000 0.00000000 1.94946556 0.00000000 917.04197387
M-1 0.00000000 0.00000000 2.41666667 0.00000000 1000.00000000
M-2 0.00000000 0.00000000 2.38420150 0.00000000 1000.00000000
M-3A 0.00000000 0.00000000 2.68558977 0.00000000 1000.00000000
M-3F 0.00000000 0.00000000 3.55833305 0.00000000 1000.00000000
M-4A 0.00000000 0.00000000 3.54670227 0.00000000 1000.00000000
M-4F 0.00000000 0.00000000 4.00833400 0.00000000 1000.00000000
M-5A 0.00000000 0.00000000 4.06336794 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 397.15677323 0.00000000 1000.04558601
P 0.00000000 0.00000000 4001751.70000000 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 22,163,041.16
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) (17,413.33)
Prepayment Penalties 400,175.17
Total Deposits 22,545,803.00
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 352,428.98
Payment of Interest and Principal 22,193,374.02
Total Withdrawals (Pool Distribution Amount) 22,545,803.00
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 348,249.92
WELLS FARGO 4,179.06
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 352,428.98
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 1 0 8
982,066.58 153,578.50 0.00 1,135,645.08
30 Days 56 0 0 0 56
8,303,472.65 0.00 0.00 0.00 8,303,472.65
60 Days 20 2 0 0 22
4,114,211.93 215,407.70 0.00 0.00 4,329,619.63
90 Days 6 6 30 2 44
727,966.50 562,814.12 6,177,612.60 294,400.00 7,762,793.22
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 82 15 31 2 130
13,145,651.08 1,760,288.40 6,331,191.10 294,400.00 21,531,530.58
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 0.166667% 0.023810% 0.000000% 0.190476%
0.119993% 0.018765% 0.000000% 0.138758%
30 Days 1.333333% 0.000000% 0.000000% 0.000000% 1.333333%
1.014552% 0.000000% 0.000000% 0.000000% 1.014552%
60 Days 0.476190% 0.047619% 0.000000% 0.000000% 0.523810%
0.502691% 0.026319% 0.000000% 0.000000% 0.529010%
90 Days 0.142857% 0.142857% 0.714286% 0.047619% 1.047619%
0.088946% 0.068767% 0.754806% 0.035971% 0.948489%
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 1.952381% 0.357143% 0.738095% 0.047619% 3.095238%
1.606189% 0.215079% 0.773570% 0.035971% 2.630809%
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 6.905687%
Weighted Average Net Coupon 6.405687%
Weighted Average Pass-Through Rate 6.399687%
Weighted Average Maturity(Stepdown Calculation ) 350
Beginning Scheduled Collateral Loan Count 4,275
Number Of Loans Paid In Full 75
Ending Scheduled Collateral Loan Count 4,200
Beginning Scheduled Collateral Balance 835,799,821.26
Ending Scheduled Collateral Balance 818,437,615.13
Ending Actual Collateral Balance at 30-Nov-2003 818,437,615.13
Monthly P &I Constant 5,078,995.50
Special Servicing Fee 0.00
Prepayment Penalties 400,175.17
Realized Loss Amount 17,413.33
Cumulative Realized Loss 17,413.33
Ending Scheduled Balance for Premium Loans 818,437,615.13
Scheduled Principal 269,185.81
Unscheduled Principal 17,093,020.32
Miscellaneous Reporting
Credit Enhancement Percentage 10.27225%
Step Down Do Not Stepdown
Trigger Event Not Triggered
Overcollaterized Target Amount 6,558,451.90
Overcollaterized Increase Amount 17,413.33
Overcollaterized Reduction Amount 0.00
Overcollaterization Amount 6,558,451.90
Specified Overcollaterization Amount 6,558,451.90
Overcollaterized Deficiency Amount 17,413.33
Extra Principal Distribution Amount 17,413.33
Excess Cash 2,622,028.19
Beg Dividend Account Balance 47,533.85
Dividend Deposit 8,950.99
Dividend Withdrawal 0.00
End Dividend Account Balance 56,484.84
Soldier/Sailor Interest Shortfall 0.00
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 8.008872 6.993035 6.987606
Weighted Average Net Rate 7.508872 6.493035 6.487607
Weighted Average Maturity 350 350 351
Beginning Loan Count 382 3,317 56
Loans Paid In Full 8 52 1
Ending Loan Count 374 3,265 55
Beginning Scheduled Balance 44,046,317.84 535,195,739.62 20,405,929.00
Ending scheduled Balance 43,027,391.05 525,905,781.60 19,653,674.79
Record Date 11/30/2003 11/30/2003 11/30/2003
Principal And Interest Constant 335,408.19 3,269,691.82 136,955.37
Scheduled Principal 41,440.42 150,823.02 18,131.54
Unscheduled Principal 977,486.37 9,139,135.00 734,122.67
Scheduled Interest 293,967.77 3,118,868.80 118,823.83
Servicing Fees 18,352.64 222,998.23 8,502.46
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 220.25 2,676.02 102.04
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 275,394.88 2,893,194.55 110,219.33
Realized Loss Amount 0.00 12,970.39 0.00
Cumulative Realized Loss 0.00 12,970.39 0.00
Percentage of Cumulative Losses 0.0000 0.0023 0.0000
Prepayment Penalties 0.00 0.00 0.00
Special Servicing Fee 0.00 0.00 0.00
Pass-Through Rate 7.502872 6.487035 6.481606
Group Level Collateral Statement
Group GROUP 4 Total
Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm
Weighted Average Coupon Rate 6.494886 6.905687
Weighted Average Net Rate 5.994886 6.405687
Weighted Average Maturity 351 350
Beginning Loan Count 520 4,275
Loans Paid In Full 14 75
Ending Loan Count 506 4,200
Beginning Scheduled Balance 236,151,834.80 835,799,821.26
Ending scheduled Balance 229,850,767.69 818,437,615.13
Record Date 11/30/2003 11/30/2003
Principal And Interest Constant 1,336,940.12 5,078,995.50
Scheduled Principal 58,790.83 269,185.81
Unscheduled Principal 6,242,276.28 17,093,020.32
Scheduled Interest 1,278,149.29 4,809,809.69
Servicing Fees 98,396.59 348,249.92
Master Servicing Fees 0.00 0.00
Trustee Fee 1,180.75 4,179.06
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 1,178,571.95 4,457,380.71
Realized Loss Amount 4,442.94 17,413.33
Cumulative Realized Loss 4,442.94 17,413.33
Percentage of Cumulative Losses 0.0018 0.0020
Prepayment Penalties 0.00 0.00
Special Servicing Fee 0.00 0.00
Pass-Through Rate 5.988886 6.399687