UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D. C. 20549
Form 8-K/A
Current Report
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2004
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-7 Trust
(Exact name of registrant as specified in its charter)
New York (governing law of 333-105940-09 54-2123764
Pooling and Servicing Agreement) (Commission IRS EIN
(State or other File Number)
jurisdiction
of Incorporation)
c/o Wells Fargo Bank, 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)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 8.01 Other Events
Subsequent to filing the 8-K relating to the payment date on January 26, 2004,
a revision was made to the BANC OF AMERICA ALTERNATIVE LOAN TRUST, Mortgage
Pass-Through Certificates, Series 2003-7 which was not included in the original
8-K filed. The 8-K is being amended because delinquency information was revised.
This revision was not previously disclosed in a 1934 Act filing. The revised
data has been and will continue to be available on the Wells Fargo Bank, N.A.
as Trustee, website at www.ctslink.com.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit Number Description
EX-99.1 Amended monthly report distributed to
holders of Mortgage Pass-Through
Certificates, Series 2003-7 Trust,
relating to the January 26, 2004
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.
BANC OF AMERICA ALTERNATIVE LOAN TRUST
Mortgage Pass-Through Certificates, Series 2003-7 Trust
(Registrant)
By: Wells Fargo Bank, N.A. as Trustee
By: /s/ Beth Belfield as Assistant Vice President
By: Beth Belfield as Assistant Vice President
Date: 8/6/04
INDEX TO EXHIBITS
Exhibit Number Description
EX-99.1 Amended monthly report distributed to holders of
Mortgage Pass-Through Certificates, Series 2003-7
Trust, relating to the January 26, 2004 distribution.
EX-99.1
Banc of America Alternative Loan Trust
Mortgage Pass-Through Certificates
Record Date: 12/31/03
Distribution Date: 1/26/04
BAA Series: 2003-7
Contact: Customer Service - CTSLink
Wells Fargo Bank, 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>
1-CB-1 05948KEJ4 SEN 5.50000% 97,731,938.29 447,938.04 865,739.45
1-CB-WIO 05948KEK1 SEN 0.31457% 0.00 14,293.98 0.00
1-AR 05948KEU9 SEN 5.50000% 0.00 0.09 0.00
1-A-1 05948KEL9 SEN 5.50000% 112,424,973.94 515,281.12 835,539.09
1-A-2 05948KEM7 SEN 5.50000% 26,298,000.00 120,532.50 0.00
1-A-3 05948KEN5 SEN 5.50000% 1,311,000.00 6,008.75 0.00
1-A-4 05948KEP0 SEN 5.50000% 126,273,973.94 578,755.70 835,539.09
1-A-5 05948KEQ8 SEN 0.00000% 598,261.00 0.00 0.00
1-A-6 05948KFS3 SEN 5.75000% 3,287,000.00 15,750.21 0.00
1-A-7 05948KER6 SEN 5.75000% 1,250,000.00 5,989.58 0.00
1-A-8 05948KES4 SEN 5.75000% 2,975,000.00 14,255.21 0.00
1-A-9 05948KET2 SEN 5.75000% 5,649,739.00 27,071.67 0.00
1-A-WIO 05948KEV7 SEN 0.31717% 0.00 41,106.22 0.00
2-A-1 05948KEW5 SEN 5.00000% 55,712,233.31 232,134.30 702,985.68
2-A-2 05948KEX3 SEN 5.00000% 63,225,233.31 263,438.47 702,985.68
2-A-3 05948KEY1 SEN 5.00000% 24,873,000.00 103,637.50 0.00
2-A-4 05948KEZ8 SEN 5.00000% 71,906,205.69 299,609.19 702,995.19
2-A-WIO 05948KFA2 SEN 0.34371% 0.00 36,245.11 0.00
A-PO 05948KFB0 PO 0.00000% 12,193,254.49 0.00 83,276.50
1-B-1 05948KFC8 SUB 5.50000% 8,909,222.50 40,833.94 9,697.13
1-B-2 05948KFD6 SUB 5.50000% 4,144,611.51 18,996.14 4,511.15
1-B-3 05948KFE4 SUB 5.50000% 2,072,007.04 9,496.70 2,255.25
1-B-4 05948KFL8 SUB 5.50000% 2,071,608.74 9,494.87 2,254.82
1-B-5 05948KFM6 SUB 5.50000% 1,450,912.25 6,650.01 1,579.23
1-B-6 05948KFN4 SUB 5.50000% 1,657,769.92 7,598.11 1,804.38
2-B-1 05948KFF1 SUB 5.00000% 2,283,721.09 9,515.50 9,054.26
2-B-2 05948KFG9 SUB 5.00000% 799,302.38 3,330.43 3,168.99
2-B-3 05948KFH7 SUB 5.00000% 799,302.38 3,330.43 3,168.99
2-B-4 05948KFP9 SUB 5.00000% 456,744.22 1,903.10 1,810.85
2-B-5 05948KFQ7 SUB 5.00000% 228,372.11 951.55 905.43
2-B-6 05948KFR5 SUB 5.00000% 342,739.33 1,428.08 1,358.86
SES 05948KFU8 SEN 0.00000% 0.00 108,491.30 0.00
Totals 630,926,126.44 2,944,067.80 4,770,630.02
Certificateholder Distribution Summary (continued)
Current Ending Cumulative
Realized Certificate Total Realized
Class Loss Balance Distribution Losses
<s> <c> <c> <c> <c>
1-CB-1 0.00 96,866,198.84 1,313,677.49 0.00
1-CB-WIO 0.00 0.00 14,293.98 0.00
1-AR 0.00 0.00 0.09 0.00
1-A-1 0.00 111,589,434.85 1,350,820.21 0.00
1-A-2 0.00 26,298,000.00 120,532.50 0.00
1-A-3 0.00 1,311,000.00 6,008.75 0.00
1-A-4 0.00 125,438,434.85 1,414,294.79 0.00
1-A-5 0.00 598,261.00 0.00 0.00
1-A-6 0.00 3,287,000.00 15,750.21 0.00
1-A-7 0.00 1,250,000.00 5,989.58 0.00
1-A-8 0.00 2,975,000.00 14,255.21 0.00
1-A-9 0.00 5,649,739.00 27,071.67 0.00
1-A-WIO 0.00 0.00 41,106.22 0.00
2-A-1 0.00 55,009,247.62 935,119.98 0.00
2-A-2 0.00 62,522,247.62 966,424.15 0.00
2-A-3 0.00 24,873,000.00 103,637.50 0.00
2-A-4 0.00 71,203,210.51 1,002,604.38 0.00
2-A-WIO 0.00 0.00 36,245.11 0.00
A-PO 0.00 12,109,977.98 83,276.50 0.00
1-B-1 0.00 8,899,525.37 50,531.07 0.00
1-B-2 0.00 4,140,100.36 23,507.29 0.00
1-B-3 0.00 2,069,751.79 11,751.95 0.00
1-B-4 0.00 2,069,353.93 11,749.69 0.00
1-B-5 0.00 1,449,333.02 8,229.24 0.00
1-B-6 0.00 1,655,965.55 9,402.49 0.00
2-B-1 0.00 2,274,666.83 18,569.76 0.00
2-B-2 0.00 796,133.39 6,499.42 0.00
2-B-3 0.00 796,133.39 6,499.42 0.00
2-B-4 0.00 454,933.37 3,713.95 0.00
2-B-5 0.00 227,466.68 1,856.98 0.00
2-B-6 0.00 341,380.47 2,786.94 0.00
SES 0.00 0.00 108,491.30 0.00
Totals 0.00 626,155,496.42 7,714,697.82 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>
1-CB-1 100,000,000.00 97,731,938.29 106,707.07 759,032.38 0.00 0.00
1-CB-WIO 0.00 0.00 0.00 0.00 0.00 0.00
1-AR 100.00 0.00 0.00 0.00 0.00 0.00
1-A-1 116,638,000.00 112,424,973.94 152,253.25 683,285.84 0.00 0.00
1-A-2 26,298,000.00 26,298,000.00 0.00 0.00 0.00 0.00
1-A-3 1,311,000.00 1,311,000.00 0.00 0.00 0.00 0.00
1-A-4 130,487,000.00 126,273,973.94 152,253.25 683,285.84 0.00 0.00
1-A-5 598,261.00 598,261.00 0.00 0.00 0.00 0.00
1-A-6 3,287,000.00 3,287,000.00 0.00 0.00 0.00 0.00
1-A-7 1,250,000.00 1,250,000.00 0.00 0.00 0.00 0.00
1-A-8 2,975,000.00 2,975,000.00 0.00 0.00 0.00 0.00
1-A-9 5,649,739.00 5,649,739.00 0.00 0.00 0.00 0.00
1-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00
2-A-1 57,754,000.00 55,712,233.31 285,081.17 417,904.51 0.00 0.00
2-A-2 65,267,000.00 63,225,233.31 285,081.17 417,904.51 0.00 0.00
2-A-3 24,873,000.00 24,873,000.00 0.00 0.00 0.00 0.00
2-A-4 73,948,000.00 71,906,205.69 285,085.03 417,910.16 0.00 0.00
2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00
A-PO 12,413,176.11 12,193,254.49 29,467.18 53,809.32 0.00 0.00
1-B-1 8,947,439.00 8,909,222.50 9,697.13 0.00 0.00 0.00
1-B-2 4,162,390.00 4,144,611.51 4,511.15 0.00 0.00 0.00
1-B-3 2,080,895.00 2,072,007.04 2,255.25 0.00 0.00 0.00
1-B-4 2,080,495.00 2,071,608.74 2,254.82 0.00 0.00 0.00
1-B-5 1,457,136.00 1,450,912.25 1,579.23 0.00 0.00 0.00
1-B-6 1,664,881.00 1,657,769.92 1,804.38 0.00 0.00 0.00
2-B-1 2,319,440.00 2,283,721.09 9,054.26 0.00 0.00 0.00
2-B-2 811,804.00 799,302.38 3,168.99 0.00 0.00 0.00
2-B-3 811,804.00 799,302.38 3,168.99 0.00 0.00 0.00
2-B-4 463,888.00 456,744.22 1,810.85 0.00 0.00 0.00
2-B-5 231,944.00 228,372.11 905.43 0.00 0.00 0.00
2-B-6 348,100.00 342,739.33 1,358.86 0.00 0.00 0.00
SES 0.00 0.00 0.00 0.00 0.00 0.00
Totals 648,129,492.11 630,926,126.44 1,337,497.46 3,433,132.56 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>
1-CB-1 865,739.45 96,866,198.84 0.96866199 865,739.45
1-CB-WIO 0.00 0.00 0.00000000 0.00
1-AR 0.00 0.00 0.00000000 0.00
1-A-1 835,539.09 111,589,434.85 0.95671595 835,539.09
1-A-2 0.00 26,298,000.00 1.00000000 0.00
1-A-3 0.00 1,311,000.00 1.00000000 0.00
1-A-4 835,539.09 125,438,434.85 0.96130982 835,539.09
1-A-5 0.00 598,261.00 1.00000000 0.00
1-A-6 0.00 3,287,000.00 1.00000000 0.00
1-A-7 0.00 1,250,000.00 1.00000000 0.00
1-A-8 0.00 2,975,000.00 1.00000000 0.00
1-A-9 0.00 5,649,739.00 1.00000000 0.00
1-A-WIO 0.00 0.00 0.00000000 0.00
2-A-1 702,985.68 55,009,247.62 0.95247511 702,985.68
2-A-2 702,985.68 62,522,247.62 0.95794579 702,985.68
2-A-3 0.00 24,873,000.00 1.00000000 0.00
2-A-4 702,995.19 71,203,210.51 0.96288217 702,995.19
2-A-WIO 0.00 0.00 0.00000000 0.00
A-PO 83,276.50 12,109,977.98 0.97557449 83,276.50
1-B-1 9,697.13 8,899,525.37 0.99464499 9,697.13
1-B-2 4,511.15 4,140,100.36 0.99464499 4,511.15
1-B-3 2,255.25 2,069,751.79 0.99464499 2,255.25
1-B-4 2,254.82 2,069,353.93 0.99464499 2,254.82
1-B-5 1,579.23 1,449,333.02 0.99464499 1,579.23
1-B-6 1,804.38 1,655,965.55 0.99464499 1,804.38
2-B-1 9,054.26 2,274,666.83 0.98069656 9,054.26
2-B-2 3,168.99 796,133.39 0.98069656 3,168.99
2-B-3 3,168.99 796,133.39 0.98069656 3,168.99
2-B-4 1,810.85 454,933.37 0.98069657 1,810.85
2-B-5 905.43 227,466.68 0.98069655 905.43
2-B-6 1,358.86 341,380.47 0.98069655 1,358.86
SES 0.00 0.00 0.00000000 0.00
Totals 4,770,630.02 626,155,496.42 0.96609629 4,770,630.02
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>
1-CB-1 100,000,000.00 977.31938290 1.06707070 7.59032380 0.00000000
1-CB-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
1-AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000
1-A-1 116,638,000.00 963.87947273 1.30534860 5.85817521 0.00000000
1-A-2 26,298,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-3 1,311,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-4 130,487,000.00 967.71305908 1.16680780 5.23642846 0.00000000
1-A-5 598,261.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 3,287,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-7 1,250,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-8 2,975,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-9 5,649,739.00 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 57,754,000.00 964.64718132 4.93612858 7.23594054 0.00000000
2-A-2 65,267,000.00 968.71670691 4.36792207 6.40299861 0.00000000
2-A-3 24,873,000.00 1000.00000000 0.00000000 0.00000000 0.00000000
2-A-4 73,948,000.00 972.38878252 3.85520947 5.65140585 0.00000000
2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 12,413,176.11 982.28321116 2.37386304 4.33485512 0.00000000
1-B-1 8,947,439.00 995.72877781 1.08378833 0.00000000 0.00000000
1-B-2 4,162,390.00 995.72877842 1.08378840 0.00000000 0.00000000
1-B-3 2,080,895.00 995.72878016 1.08378847 0.00000000 0.00000000
1-B-4 2,080,495.00 995.72877608 1.08379016 0.00000000 0.00000000
1-B-5 1,457,136.00 995.72877892 1.08379039 0.00000000 0.00000000
1-B-6 1,664,881.00 995.72877581 1.08378917 0.00000000 0.00000000
2-B-1 2,319,440.00 984.60020091 3.90364053 0.00000000 0.00000000
2-B-2 811,804.00 984.60019906 3.90363930 0.00000000 0.00000000
2-B-3 811,804.00 984.60019906 3.90363930 0.00000000 0.00000000
2-B-4 463,888.00 984.60020522 3.90363622 0.00000000 0.00000000
2-B-5 231,944.00 984.60020522 3.90365778 0.00000000 0.00000000
2-B-6 348,100.00 984.60020109 3.90364838 0.00000000 0.00000000
SES 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>
1-CB-1 0.00000000 8.65739450 968.66198840 0.96866199 8.65739450
1-CB-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
1-A-1 0.00000000 7.16352381 956.71594892 0.95671595 7.16352381
1-A-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-4 0.00000000 6.40323626 961.30982282 0.96130982 6.40323626
1-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-9 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
1-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
2-A-1 0.00000000 12.17206912 952.47511203 0.95247511 12.17206912
2-A-2 0.00000000 10.77092068 957.94578608 0.95794579 10.77092068
2-A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000
2-A-4 0.00000000 9.50661532 962.88216733 0.96288217 9.50661532
2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
A-PO 0.00000000 6.70871816 975.57449219 0.97557449 6.70871816
1-B-1 0.00000000 1.08378833 994.64498948 0.99464499 1.08378833
1-B-2 0.00000000 1.08378840 994.64499002 0.99464499 1.08378840
1-B-3 0.00000000 1.08378847 994.64499170 0.99464499 1.08378847
1-B-4 0.00000000 1.08379016 994.64499074 0.99464499 1.08379016
1-B-5 0.00000000 1.08379039 994.64498853 0.99464499 1.08379039
1-B-6 0.00000000 1.08378917 994.64499265 0.99464499 1.08378917
2-B-1 0.00000000 3.90364053 980.69656038 0.98069656 3.90364053
2-B-2 0.00000000 3.90363930 980.69655976 0.98069656 3.90363930
2-B-3 0.00000000 3.90363930 980.69655976 0.98069656 3.90363930
2-B-4 0.00000000 3.90363622 980.69656900 0.98069657 3.90363622
2-B-5 0.00000000 3.90365778 980.69654744 0.98069655 3.90365778
2-B-6 0.00000000 3.90364838 980.69655271 0.98069655 3.90364838
SES 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>
1-CB-1 100,000,000.00 5.50000% 97,731,938.29 447,938.05 0.00 0.00
1-CB-WIO 0.00 0.31457% 54,527,827.34 14,293.98 0.00 0.00
1-AR 100.00 5.50000% 0.00 0.00 0.00 0.00
1-A-1 116,638,000.00 5.50000% 112,424,973.94 515,281.13 0.00 0.00
1-A-2 26,298,000.00 5.50000% 26,298,000.00 120,532.50 0.00 0.00
1-A-3 1,311,000.00 5.50000% 1,311,000.00 6,008.75 0.00 0.00
1-A-4 130,487,000.00 5.50000% 126,273,973.94 578,755.71 0.00 0.00
1-A-5 598,261.00 0.00000% 598,261.00 0.00 0.00 0.00
1-A-6 3,287,000.00 5.75000% 3,287,000.00 15,750.21 0.00 0.00
1-A-7 1,250,000.00 5.75000% 1,250,000.00 5,989.58 0.00 0.00
1-A-8 2,975,000.00 5.75000% 2,975,000.00 14,255.21 0.00 0.00
1-A-9 5,649,739.00 5.75000% 5,649,739.00 27,071.67 0.00 0.00
1-A-WIO 0.00 0.31717% 155,524,898.69 41,106.22 0.00 0.00
2-A-1 57,754,000.00 5.00000% 55,712,233.31 232,134.31 0.00 0.00
2-A-2 65,267,000.00 5.00000% 63,225,233.31 263,438.47 0.00 0.00
2-A-3 24,873,000.00 5.00000% 24,873,000.00 103,637.50 0.00 0.00
2-A-4 73,948,000.00 5.00000% 71,906,205.69 299,609.19 0.00 0.00
2-A-WIO 0.00 0.34371% 126,543,105.12 36,245.11 0.00 0.00
A-PO 12,413,176.11 0.00000% 12,193,254.49 0.00 0.00 0.00
1-B-1 8,947,439.00 5.50000% 8,909,222.50 40,833.94 0.00 0.00
1-B-2 4,162,390.00 5.50000% 4,144,611.51 18,996.14 0.00 0.00
1-B-3 2,080,895.00 5.50000% 2,072,007.04 9,496.70 0.00 0.00
1-B-4 2,080,495.00 5.50000% 2,071,608.74 9,494.87 0.00 0.00
1-B-5 1,457,136.00 5.50000% 1,450,912.25 6,650.01 0.00 0.00
1-B-6 1,664,881.00 5.50000% 1,657,769.92 7,598.11 0.00 0.00
2-B-1 2,319,440.00 5.00000% 2,283,721.09 9,515.50 0.00 0.00
2-B-2 811,804.00 5.00000% 799,302.38 3,330.43 0.00 0.00
2-B-3 811,804.00 5.00000% 799,302.38 3,330.43 0.00 0.00
2-B-4 463,888.00 5.00000% 456,744.22 1,903.10 0.00 0.00
2-B-5 231,944.00 5.00000% 228,372.11 951.55 0.00 0.00
2-B-6 348,100.00 5.00000% 342,739.33 1,428.08 0.00 0.00
SES 0.00 0.00000% 630,926,127.38 0.00 0.00 0.00
Totals 648,129,492.11 2,835,576.45 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>
1-CB-1 0.01 0.00 447,938.04 0.00 96,866,198.84
1-CB-WIO 0.00 0.00 14,293.98 0.00 54,159,104.62
1-AR 0.00 0.00 0.09 0.00 0.00
1-A-1 0.01 0.00 515,281.12 0.00 111,589,434.85
1-A-2 0.00 0.00 120,532.50 0.00 26,298,000.00
1-A-3 0.00 0.00 6,008.75 0.00 1,311,000.00
1-A-4 0.02 0.00 578,755.70 0.00 125,438,434.85
1-A-5 0.00 0.00 0.00 0.00 598,261.00
1-A-6 0.00 0.00 15,750.21 0.00 3,287,000.00
1-A-7 0.00 0.00 5,989.58 0.00 1,250,000.00
1-A-8 0.00 0.00 14,255.21 0.00 2,975,000.00
1-A-9 0.00 0.00 27,071.67 0.00 5,649,739.00
1-A-WIO 0.00 0.00 41,106.22 0.00 154,061,964.11
2-A-1 0.00 0.00 232,134.30 0.00 55,009,247.62
2-A-2 0.00 0.00 263,438.47 0.00 62,522,247.62
2-A-3 0.00 0.00 103,637.50 0.00 24,873,000.00
2-A-4 0.00 0.00 299,609.19 0.00 71,203,210.51
2-A-WIO 0.00 0.00 36,245.11 0.00 125,416,496.28
A-PO 0.00 0.00 0.00 0.00 12,109,977.98
1-B-1 0.00 0.00 40,833.94 0.00 8,899,525.37
1-B-2 0.00 0.00 18,996.14 0.00 4,140,100.36
1-B-3 0.00 0.00 9,496.70 0.00 2,069,751.79
1-B-4 0.00 0.00 9,494.87 0.00 2,069,353.93
1-B-5 0.00 0.00 6,650.01 0.00 1,449,333.02
1-B-6 0.00 0.00 7,598.11 0.00 1,655,965.55
2-B-1 0.00 0.00 9,515.50 0.00 2,274,666.83
2-B-2 0.00 0.00 3,330.43 0.00 796,133.39
2-B-3 0.00 0.00 3,330.43 0.00 796,133.39
2-B-4 0.00 0.00 1,903.10 0.00 454,933.37
2-B-5 0.00 0.00 951.55 0.00 227,466.68
2-B-6 0.00 0.00 1,428.08 0.00 341,380.47
SES 0.00 0.00 108,491.30 0.00 626,155,497.36
Totals 0.04 0.00 2,944,067.80 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>
1-CB-1 100,000,000.00 5.50000% 977.31938290 4.47938050 0.00000000 0.00000000
1-CB-WIO 0.00 0.31457% 966.28846783 0.25330384 0.00000000 0.00000000
1-AR 100.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000
1-A-1 116,638,000.00 5.50000% 963.87947273 4.41778091 0.00000000 0.00000000
1-A-2 26,298,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-3 1,311,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000
1-A-4 130,487,000.00 5.50000% 967.71305908 4.43535149 0.00000000 0.00000000
1-A-5 598,261.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000
1-A-6 3,287,000.00 5.75000% 1000.00000000 4.79166717 0.00000000 0.00000000
1-A-7 1,250,000.00 5.75000% 1000.00000000 4.79166400 0.00000000 0.00000000
1-A-8 2,975,000.00 5.75000% 1000.00000000 4.79166723 0.00000000 0.00000000
1-A-9 5,649,739.00 5.75000% 1000.00000000 4.79166737 0.00000000 0.00000000
1-A-WIO 0.00 0.31717% 964.75429520 0.25499070 0.00000000 0.00000000
2-A-1 57,754,000.00 5.00000% 964.64718132 4.01936333 0.00000000 0.00000000
2-A-2 65,267,000.00 5.00000% 968.71670691 4.03631958 0.00000000 0.00000000
2-A-3 24,873,000.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000
2-A-4 73,948,000.00 5.00000% 972.38878252 4.05161992 0.00000000 0.00000000
2-A-WIO 0.00 0.34371% 971.32717095 0.27821239 0.00000000 0.00000000
A-PO 12,413,176.11 0.00000% 982.28321116 0.00000000 0.00000000 0.00000000
1-B-1 8,947,439.00 5.50000% 995.72877781 4.56375729 0.00000000 0.00000000
1-B-2 4,162,390.00 5.50000% 995.72877842 4.56375784 0.00000000 0.00000000
1-B-3 2,080,895.00 5.50000% 995.72878016 4.56375742 0.00000000 0.00000000
1-B-4 2,080,495.00 5.50000% 995.72877608 4.56375526 0.00000000 0.00000000
1-B-5 1,457,136.00 5.50000% 995.72877892 4.56375383 0.00000000 0.00000000
1-B-6 1,664,881.00 5.50000% 995.72877581 4.56375561 0.00000000 0.00000000
2-B-1 2,319,440.00 5.00000% 984.60020091 4.10249888 0.00000000 0.00000000
2-B-2 811,804.00 5.00000% 984.60019906 4.10250504 0.00000000 0.00000000
2-B-3 811,804.00 5.00000% 984.60019906 4.10250504 0.00000000 0.00000000
2-B-4 463,888.00 5.00000% 984.60020522 4.10249888 0.00000000 0.00000000
2-B-5 231,944.00 5.00000% 984.60020522 4.10249888 0.00000000 0.00000000
2-B-6 348,100.00 5.00000% 984.60020109 4.10249928 0.00000000 0.00000000
SES 0.00 0.00000% 973.45690043 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>
1-CB-1 0.00000010 0.00000000 4.47938040 0.00000000 968.66198840
1-CB-WIO 0.00000000 0.00000000 0.25330384 0.00000000 959.75432683
1-AR 0.00000000 0.00000000 0.90000000 0.00000000 0.00000000
1-A-1 0.00000009 0.00000000 4.41778083 0.00000000 956.71594892
1-A-2 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-3 0.00000000 0.00000000 4.58333333 0.00000000 1000.00000000
1-A-4 0.00000015 0.00000000 4.43535141 0.00000000 961.30982282
1-A-5 0.00000000 0.00000000 0.00000000 0.00000000 1000.00000000
1-A-6 0.00000000 0.00000000 4.79166717 0.00000000 1000.00000000
1-A-7 0.00000000 0.00000000 4.79166400 0.00000000 1000.00000000
1-A-8 0.00000000 0.00000000 4.79166723 0.00000000 1000.00000000
1-A-9 0.00000000 0.00000000 4.79166737 0.00000000 1000.00000000
1-A-WIO 0.00000000 0.00000000 0.25499070 0.00000000 955.67939831
2-A-1 0.00000000 0.00000000 4.01936316 0.00000000 952.47511203
2-A-2 0.00000000 0.00000000 4.03631958 0.00000000 957.94578608
2-A-3 0.00000000 0.00000000 4.16666667 0.00000000 1000.00000000
2-A-4 0.00000000 0.00000000 4.05161992 0.00000000 962.88216733
2-A-WIO 0.00000000 0.00000000 0.27821239 0.00000000 962.67947911
A-PO 0.00000000 0.00000000 0.00000000 0.00000000 975.57449219
1-B-1 0.00000000 0.00000000 4.56375729 0.00000000 994.64498948
1-B-2 0.00000000 0.00000000 4.56375784 0.00000000 994.64499002
1-B-3 0.00000000 0.00000000 4.56375742 0.00000000 994.64499170
1-B-4 0.00000000 0.00000000 4.56375526 0.00000000 994.64499074
1-B-5 0.00000000 0.00000000 4.56375383 0.00000000 994.64498853
1-B-6 0.00000000 0.00000000 4.56375561 0.00000000 994.64499265
2-B-1 0.00000000 0.00000000 4.10249888 0.00000000 980.69656038
2-B-2 0.00000000 0.00000000 4.10250504 0.00000000 980.69655976
2-B-3 0.00000000 0.00000000 4.10250504 0.00000000 980.69655976
2-B-4 0.00000000 0.00000000 4.10249888 0.00000000 980.69656900
2-B-5 0.00000000 0.00000000 4.10249888 0.00000000 980.69654744
2-B-6 0.00000000 0.00000000 4.10249928 0.00000000 980.69655271
SES 0.00000000 0.00000000 0.16739140 0.00000000 966.09628797
<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 Component Statement
Component Beginning Ending Beginning Ending Ending
Pass-Through Notional Notional Component Component Component
Class Rate Balance Balance Balance Balance Percentage
<s> <c> <c> <c> <c> <c> <c>
1-CB-APO 0.00000% 0.00 0.00 1,875,454.74 1,853,295.41 97.73491999%
1-A-APO 0.00000% 0.00 0.00 5,307,033.68 5,299,603.21 98.10641352%
2-APO 0.00000% 0.00 0.00 5,010,766.06 4,957,079.36 96.91190648%
1-CB-SES 0.00000% 104,835,098.64 103,941,492.07 0.00 0.00 97.00881874%
1-A-SES 0.00000% 300,453,408.59 298,758,505.77 0.00 0.00 96.67338653%
2-SES 0.00000% 225,637,620.15 223,455,499.52 0.00 0.00 96.34027325%
CERTIFICATEHOLDER ACCOUNT STATEMENT
CERTIFICATE ACCOUNT
<s> <c>
Beginning Balance 0.00
Deposits
Payments of Interest and Principal 7,742,826.91
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 7,742,826.91
Withdrawals
Reimbursement for Servicer Advances 0.00
Payment of Service Fee 28,129.09
Payment of Interest and Principal 7,714,697.82
Total Withdrawals (Pool Distribution Amount) 7,742,826.91
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 26,288.89
Trustee Fee 1,840.20
Supported Prepayment/Curtailment Interest Shortfall 0.00
Net Servicing Fee 28,129.09
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 2 0 0 2
299,976.78 0.00 0.00 299,976.78
30 Days 16 0 0 0 16
1,751,276.34 0.00 0.00 0.00 1,751,276.34
60 Days 3 0 0 0 3
449,587.85 0.00 0.00 0.00 449,587.85
90 Days 1 0 0 0 1
49,218.67 0.00 0.00 0.00 49,218.67
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 20 2 0 0 22
2,250,082.86 299,976.78 0.00 0.00 2,550,059.64
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 0.044228% 0.000000% 0.000000% 0.044228%
0.047824% 0.000000% 0.000000% 0.047824%
30 Days 0.353826% 0.000000% 0.000000% 0.000000% 0.353826%
0.279198% 0.000000% 0.000000% 0.000000% 0.279198%
60 Days 0.066342% 0.000000% 0.000000% 0.000000% 0.066342%
0.071676% 0.000000% 0.000000% 0.000000% 0.071676%
90 Days 0.022114% 0.000000% 0.000000% 0.000000% 0.022114%
0.007847% 0.000000% 0.000000% 0.000000% 0.007847%
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 0.442282% 0.044228% 0.000000% 0.000000% 0.486510%
0.358721% 0.047824% 0.000000% 0.000000% 0.406545%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1-CB 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 2 0 0 0 2
122,857.38 0.00 0.00 0.00 122,857.38
60 Days 1 0 0 0 1
27,012.66 0.00 0.00 0.00 27,012.66
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 3 0 0 0 3
149,870.04 0.00 0.00 0.00 149,870.04
0-29 Days 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000%
30 Days 0.282087% 0.000000% 0.000000% 0.000000% 0.282087%
0.118096% 0.000000% 0.000000% 0.000000% 0.118096%
60 Days 0.141044% 0.000000% 0.000000% 0.000000% 0.141044%
0.025966% 0.000000% 0.000000% 0.000000% 0.025966%
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 0.423131% 0.000000% 0.000000% 0.000000% 0.423131%
0.144061% 0.000000% 0.000000% 0.000000% 0.144061%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 1 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 1 0 0 1
272,622.45 0.00 0.00 272,622.45
30 Days 8 0 0 0 8
1,084,514.44 0.00 0.00 0.00 1,084,514.44
60 Days 2 0 0 0 2
422,575.19 0.00 0.00 0.00 422,575.19
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 10 1 0 0 11
1,507,089.63 272,622.45 0.00 0.00 1,779,712.08
0-29 Days 0.053706% 0.000000% 0.000000% 0.053706%
0.091170% 0.000000% 0.000000% 0.091170%
30 Days 0.429646% 0.000000% 0.000000% 0.000000% 0.429646%
0.362681% 0.000000% 0.000000% 0.000000% 0.362681%
60 Days 0.107411% 0.000000% 0.000000% 0.000000% 0.107411%
0.141317% 0.000000% 0.000000% 0.000000% 0.141317%
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 0.537057% 0.053706% 0.000000% 0.000000% 0.590763%
0.503998% 0.091170% 0.000000% 0.000000% 0.595167%
<caption>
DELINQUENT BANKRUPTCY FORECLOSURE REO Total
<s>
Group 2 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 1 0 0 1
27,354.33 0.00 0.00 27,354.33
30 Days 6 0 0 0 6
543,904.52 0.00 0.00 0.00 543,904.52
60 Days 0 0 0 0 0
0.00 0.00 0.00 0.00 0.00
90 Days 1 0 0 0 1
49,218.67 0.00 0.00 0.00 49,218.67
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 7 1 0 0 8
593,123.19 27,354.33 0.00 0.00 620,477.52
0-29 Days 0.051256% 0.000000% 0.000000% 0.051256%
0.012201% 0.000000% 0.000000% 0.012201%
30 Days 0.307535% 0.000000% 0.000000% 0.000000% 0.307535%
0.242606% 0.000000% 0.000000% 0.000000% 0.242606%
60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
90 Days 0.051256% 0.000000% 0.000000% 0.000000% 0.051256%
0.021954% 0.000000% 0.000000% 0.000000% 0.021954%
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 0.358790% 0.051256% 0.000000% 0.000000% 0.410046%
0.264560% 0.012201% 0.000000% 0.000000% 0.276761%
OTHER INFORMATION
<s> <c>
Current Period Class A Insufficient Funds 0.00
Principal Balance of Contaminated Properties 0.00
Periodic Advance 14,203.63
COLLATERAL STATEMENT
Collateral Description Fixed
Weighted Average Gross Coupon 5.646670%
Weighted Average Pass-Through Rate 5.393170%
Weighted Average Maturity(Stepdown Calculation ) 287
Beginning Scheduled Collateral Loan Count 4,546
Number Of Loans Paid In Full 24
Ending Scheduled Collateral Loan Count 4,522
Beginning Scheduled Collateral Balance 630,926,127.38
Ending Scheduled Collateral Balance 626,155,497.36
Ending Actual Collateral Balance at 31-Dec-2003 627,251,642.57
Monthly P &I Constant 4,306,357.06
Special Servicing Fee 0.00
Prepayment Penalties 0.00
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Class A Non-PO Optimal Amount 7,284,555.27
Class AP Deferred Amount 0.00
Ending Scheduled Balance for Premium Loans 626,155,497.36
Scheduled Principal 1,337,497.45
Unscheduled Principal 3,433,132.57
Group Level Collateral Statement
Group Group 1-CB Group 1 Group 2
Collateral Description Fixed 30 Year Fixed 30 Year Fixed 15 Year
Weighted Average Coupon Rate 5.818724 5.820528 5.335226
Weighted Average Net Rate 5.568724 5.570528 5.085225
Weighted Average Maturity 352 352 171
Beginning Loan Count 715 1,869 1,962
Loans Paid In Full 6 7 11
Ending Loan Count 709 1,862 1,951
Beginning Scheduled Balance 104,835,098.64 300,453,408.59 225,637,620.15
Ending scheduled Balance 103,941,492.07 298,758,505.77 223,455,499.52
Record Date 12/31/2003 12/31/2003 12/31/2003
Principal And Interest Constant 622,948.85 1,784,549.93 1,898,858.28
Scheduled Principal 114,610.12 327,218.71 895,668.62
Unscheduled Principal 778,996.45 1,367,684.11 1,286,452.01
Scheduled Interest 508,338.73 1,457,331.22 1,003,189.66
Servicing Fees 21,840.65 62,594.46 47,007.85
Master Servicing Fees 0.00 0.00 0.00
Trustee Fee 305.77 876.31 658.12
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 486,192.31 1,393,860.45 955,523.69
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 5.565224 5.567028 5.081726
Group Level Collateral Statement
Group Total
Collateral Description Fixed
Weighted Average Coupon Rate 5.646670
Weighted Average Net Rate 5.396670
Weighted Average Maturity 287
Beginning Loan Count 4,546
Loans Paid In Full 24
Ending Loan Count 4,522
Beginning Scheduled Balance 630,926,127.38
Ending scheduled Balance 626,155,497.36
Record Date 12/31/2003
Principal And Interest Constant 4,306,357.06
Scheduled Principal 1,337,497.45
Unscheduled Principal 3,433,132.57
Scheduled Interest 2,968,859.61
Servicing Fees 131,442.96
Master Servicing Fees 0.00
Trustee Fee 1,840.20
FRY Amount 0.00
Special Hazard Fee 0.00
Other Fee 0.00
Pool Insurance Fee 0.00
Spread Fee 1 0.00
Spread Fee 2 0.00
Spread Fee 3 0.00
Net Interest 2,835,576.45
Realized Loss Amount 0.00
Cumulative Realized Loss 0.00
Percentage of Cumulative Losses 0.0000
Prepayment Penalties 0.00
Special Servicing Fee 0.00
Pass-Through Rate 5.393170
Miscellaneous Reporting
Group Group 1-CB
CPR 8.570268%
Subordinate % 5.077432%
Subordintate Prepay % 0.000000%
Senior Prepay % 100.000000%
Senior % 94.922568%
Group Group 1
CPR 5.333438%
Subordinate % 5.108796%
Subordintate Prepay % 0.000000%
Senior Prepay % 100.000000%
Senior % 94.891204%
Group Group 2
CPR 6.656775%
Subordinate % 2.225569%
Subordintate Prepay % 0.000000%
Senior Prepay % 100.000000%
Senior % 97.774431%
Group