-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, R/e/GS+mzZIYU5vx4NabKFCi5SXbE+FRBaxxPPzcnocOi/5j7TSRVOYrkvyz1SL/ p1HGmyuzBgEmGrOwq35Vcw== 0001056404-03-001513.txt : 20030905 0001056404-03-001513.hdr.sgml : 20030905 20030905110308 ACCESSION NUMBER: 0001056404-03-001513 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030905 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-5 CENTRAL INDEX KEY: 0001144128 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-56240-02 FILM NUMBER: 03882880 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBI STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 bst01005.txt AUGUST 8-K 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): August 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-5 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56240-02 90-0031691 Pooling and Servicing Agreement) (Commission 90-0031692 (State or other File Number) IRS EIN jurisdiction 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 August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-5 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 Pass-Through Certificates, Series 2001-5 Trust, relating to the August 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-5 Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/2/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-5 Trust, relating to the August 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 BST Series: 2001-5 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 I-A 07384MEJ7 SEN 6.68290% 2,511,305.03 13,985.67 387,527.91 R-I 07384MEK4 RES 6.63415% 0.00 0.00 0.00 R-II 07384MEL2 RES 6.63415% 0.00 0.00 0.00 II-A-1 07384MEM0 SEN 5.02857% 0.00 0.00 0.00 II-A-2 07384MEN8 SEN 5.97857% 0.00 0.00 0.00 II-A-3 07384MEP3 SEN 6.22000% 24,181,622.37 125,341.41 1,242,139.15 II-X 07384MEQ1 SEN 0.35721% 0.00 7,198.22 0.00 III-A 07384MER9 SEN 5.90289% 20,986,642.13 103,234.82 3,986,896.13 III-X 07384MEW8 SEN 0.30200% 0.00 5,281.64 0.00 IV-A 07384MES7 SEN 6.78459% 9,048,319.65 51,157.58 1,092,253.41 B-1 07384MET5 SUB 6.46374% 1,759,726.76 9,478.68 96,332.34 B-2 07384MEU2 SUB 6.46374% 938,469.77 5,055.02 51,374.45 B-3 07384MEV0 SUB 6.46374% 821,202.17 4,423.36 44,954.89 B-4 07384MEX6 SUB 6.46374% 469,234.89 2,527.51 25,687.22 B-5 07384MEY4 SUB 6.46374% 351,912.46 1,895.56 19,264.67 B-6 07384MEZ1 SUB 6.46374% 190,613.10 1,026.73 10,434.69 Totals 61,259,048.33 330,606.20 6,956,864.86
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 2,123,777.12 401,513.58 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 II-A-3 0.00 22,939,483.22 1,367,480.56 0.00 II-X 0.00 0.00 7,198.22 0.00 III-A 0.00 16,999,746.00 4,090,130.95 0.00 III-X 0.00 0.00 5,281.64 0.00 IV-A 0.00 7,956,066.25 1,143,410.99 0.00 B-1 0.00 1,663,394.42 105,811.02 0.00 B-2 0.00 887,095.32 56,429.47 0.00 B-3 0.00 776,247.28 49,378.25 0.00 B-4 0.00 443,547.66 28,214.73 0.00 B-5 0.00 332,647.79 21,160.23 0.00 B-6 0.00 180,178.41 11,461.42 161,422.61 Totals 0.00 54,302,183.47 7,287,471.06 161,422.61 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A 25,257,000.00 2,511,305.03 5,035.40 382,492.51 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 II-A-1 94,000,000.00 0.00 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 0.00 0.00 0.00 0.00 0.00 II-A-3 46,590,200.00 24,181,622.37 0.00 1,242,139.15 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 156,507,600.00 20,986,642.13 4,711.49 3,982,184.65 0.00 0.00 III-X 0.00 0.00 0.00 0.00 0.00 0.00 IV-A 39,543,600.00 9,048,319.65 0.00 1,092,253.41 0.00 0.00 B-1 3,209,800.00 1,759,726.76 235.10 96,097.25 0.00 0.00 B-2 1,711,800.00 938,469.77 125.38 51,249.07 0.00 0.00 B-3 1,497,900.00 821,202.17 109.71 44,845.18 0.00 0.00 B-4 855,900.00 469,234.89 62.69 25,624.53 0.00 0.00 B-5 641,900.00 351,912.46 47.01 19,217.65 0.00 0.00 B-6 642,124.78 190,613.10 25.47 10,409.23 0.00 0.00 Totals 427,957,924.78 61,259,048.33 10,352.25 6,946,512.63 0.00 0.00 (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.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A 387,527.91 2,123,777.12 0.08408667 387,527.91 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 II-A-1 0.00 0.00 0.00000000 0.00 II-A-2 0.00 0.00 0.00000000 0.00 II-A-3 1,242,139.15 22,939,483.22 0.49236713 1,242,139.15 II-X 0.00 0.00 0.00000000 0.00 III-A 3,986,896.13 16,999,746.00 0.10861930 3,986,896.13 III-X 0.00 0.00 0.00000000 0.00 IV-A 1,092,253.41 7,956,066.25 0.20119732 1,092,253.41 B-1 96,332.34 1,663,394.42 0.51822370 96,332.34 B-2 51,374.45 887,095.32 0.51822369 51,374.45 B-3 44,954.89 776,247.28 0.51822370 44,954.89 B-4 25,687.22 443,547.66 0.51822369 25,687.22 B-5 19,264.67 332,647.79 0.51822370 19,264.67 B-6 10,434.69 180,178.41 0.28059719 10,434.69 Totals 6,956,864.86 54,302,183.47 0.12688673 6,956,864.86
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 25,257,000.00 99.43006018 0.19936651 15.14401988 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 94,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 46,590,200.00 519.02808681 0.00000000 26.66095338 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 156,507,600.00 134.09343783 0.03010391 25.44403371 0.00000000 III-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 39,543,600.00 228.81881392 0.00000000 27.62149653 0.00000000 B-1 3,209,800.00 548.23564085 0.07324444 29.93870335 0.00000000 B-2 1,711,800.00 548.23564085 0.07324454 29.93870195 0.00000000 B-3 1,497,900.00 548.23564323 0.07324254 29.93870085 0.00000000 B-4 855,900.00 548.23564669 0.07324454 29.93869611 0.00000000 B-5 641,900.00 548.23564418 0.07323571 29.93869762 0.00000000 B-6 642,124.78 296.84744451 0.03966519 16.21060318 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 15.34338639 84.08667379 0.08408667 15.34338639 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 26.66095338 492.36713343 0.49236713 26.66095338 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 25.47413755 108.61930028 0.10861930 25.47413755 III-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 0.00000000 27.62149653 201.19731764 0.20119732 27.62149653 B-1 0.00000000 30.01194467 518.22369618 0.51822370 30.01194467 B-2 0.00000000 30.01194649 518.22369436 0.51822369 30.01194649 B-3 0.00000000 30.01194339 518.22369985 0.51822370 30.01194339 B-4 0.00000000 30.01194065 518.22369436 0.51822369 30.01194065 B-5 0.00000000 30.01194890 518.22369528 0.51822370 30.01194890 B-6 0.00000000 16.25025279 280.59719172 0.28059719 16.25025279 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
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 I-A 25,257,000.00 6.68290% 2,511,305.03 13,985.67 0.00 0.00 R-I 50.00 6.63415% 0.00 0.00 0.00 0.00 R-II 50.00 6.63415% 0.00 0.00 0.00 0.00 II-A-1 94,000,000.00 5.02857% 0.00 0.00 0.00 0.00 II-A-2 57,500,000.00 5.97857% 0.00 0.00 0.00 0.00 II-A-3 46,590,200.00 6.22000% 24,181,622.37 125,341.41 0.00 0.00 II-X 0.00 0.35721% 24,181,622.37 7,198.22 0.00 0.00 III-A 156,507,600.00 5.90289% 20,986,642.13 103,234.82 0.00 0.00 III-X 0.00 0.30200% 20,986,642.13 5,281.64 0.00 0.00 IV-A 39,543,600.00 6.78459% 9,048,319.65 51,157.58 0.00 0.00 B-1 3,209,800.00 6.46374% 1,759,726.76 9,478.68 0.00 0.00 B-2 1,711,800.00 6.46374% 938,469.77 5,055.02 0.00 0.00 B-3 1,497,900.00 6.46374% 821,202.17 4,423.36 0.00 0.00 B-4 855,900.00 6.46374% 469,234.89 2,527.51 0.00 0.00 B-5 641,900.00 6.46374% 351,912.46 1,895.56 0.00 0.00 B-6 642,124.78 6.46374% 190,613.10 1,026.73 0.00 0.00 Totals 427,957,924.78 330,606.20 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 I-A 0.00 0.00 13,985.67 0.00 2,123,777.12 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 0.00 0.00 0.00 II-A-2 0.00 0.00 0.00 0.00 0.00 II-A-3 0.00 0.00 125,341.41 0.00 22,939,483.22 II-X 0.00 0.00 7,198.22 0.00 22,939,483.22 III-A 0.00 0.00 103,234.82 0.00 16,999,746.00 III-X 0.00 0.00 5,281.64 0.00 16,999,746.00 IV-A 0.00 0.00 51,157.58 0.00 7,956,066.25 B-1 0.00 0.00 9,478.68 0.00 1,663,394.42 B-2 0.00 0.00 5,055.02 0.00 887,095.32 B-3 0.00 0.00 4,423.36 0.00 776,247.28 B-4 0.00 0.00 2,527.51 0.00 443,547.66 B-5 0.00 0.00 1,895.56 0.00 332,647.79 B-6 0.00 0.00 1,026.73 0.00 180,178.41 Totals 0.00 0.00 330,606.20 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
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 I-A 25,257,000.00 6.68290% 99.43006018 0.55373441 0.00000000 0.00000000 R-I 50.00 6.63415% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.63415% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 94,000,000.00 5.02857% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 57,500,000.00 5.97857% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 46,590,200.00 6.22000% 519.02808681 2.69029560 0.00000000 0.00000000 II-X 0.00 0.35721% 122.07379451 0.03633809 0.00000000 0.00000000 III-A 156,507,600.00 5.90289% 134.09343783 0.65961538 0.00000000 0.00000000 III-X 0.00 0.30200% 134.09343783 0.03374686 0.00000000 0.00000000 IV-A 39,543,600.00 6.78459% 228.81881392 1.29370062 0.00000000 0.00000000 B-1 3,209,800.00 6.46374% 548.23564085 2.95304380 0.00000000 0.00000000 B-2 1,711,800.00 6.46374% 548.23564085 2.95304358 0.00000000 0.00000000 B-3 1,497,900.00 6.46374% 548.23564323 2.95304092 0.00000000 0.00000000 B-4 855,900.00 6.46374% 548.23564669 2.95304358 0.00000000 0.00000000 B-5 641,900.00 6.46374% 548.23564418 2.95304565 0.00000000 0.00000000 B-6 642,124.78 6.46374% 296.84744451 1.59895714 0.00000000 0.00000000 5) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 0.55373441 0.00000000 84.08667379 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-3 0.00000000 0.00000000 2.69029560 0.00000000 492.36713343 II-X 0.00000000 0.00000000 0.03633809 0.00000000 115.80322106 III-A 0.00000000 0.00000000 0.65961538 0.00000000 108.61930028 III-X 0.00000000 0.00000000 0.03374686 0.00000000 108.61930028 IV-A 0.00000000 0.00000000 1.29370062 0.00000000 201.19731764 B-1 0.00000000 0.00000000 2.95304380 0.00000000 518.22369618 B-2 0.00000000 0.00000000 2.95304358 0.00000000 518.22369436 B-3 0.00000000 0.00000000 2.95304092 0.00000000 518.22369985 B-4 0.00000000 0.00000000 2.95304358 0.00000000 518.22369436 B-5 0.00000000 0.00000000 2.95304565 0.00000000 518.22369528 B-6 0.00000000 0.00000000 1.59895714 0.00000000 280.59719172 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Certificateholder Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage II-X-1 1.46200% 0.00 0.00 0.00 0.00 0.00000000% II-X-2 0.51200% 0.00 0.00 0.00 0.00 0.00000000% II-X-3 0.35721% 24,181,622.37 22,939,483.22 0.00 0.00 49.23671334%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 7,307,360.90 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,817.87 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 7,319,178.77 Withdrawals Reimbursement for Servicer Advances 6,595.99 Payment of Service Fee 25,111.72 Payment of Interest and Principal 7,287,471.06 Total Withdrawals (Pool Distribution Amount) 7,319,178.77 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 242.61 Servicing Fee Support 242.61 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 18,639.28 Supplemental PMI Insurance Fee 6,715.05 Supported Prepayment/Curtailment Interest Shortfall 242.61 Net Servicing Fee 25,111.72
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 4 0 0 0 4 1,442,045.43 0.00 0.00 0.00 1,442,045.43 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 280,000.00 0.00 0.00 0.00 280,000.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 1 0 1 0.00 0.00 287,191.69 0.00 287,191.69 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 5 0 1 0 6 1,722,045.43 0.00 287,191.69 0.00 2,009,237.12 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.985075% 0.000000% 0.000000% 0.000000% 2.985075% 2.655177% 0.000000% 0.000000% 0.000000% 2.655177% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.746269% 0.000000% 0.000000% 0.000000% 0.746269% 0.515552% 0.000000% 0.000000% 0.000000% 0.515552% 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% 0.746269% 0.000000% 0.746269% 0.000000% 0.000000% 0.528794% 0.000000% 0.528794% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.731343% 0.000000% 0.746269% 0.000000% 4.477612% 3.170729% 0.000000% 0.528794% 0.000000% 3.699523%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 622,200.00 0.00 0.00 0.00 622,200.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 1 0 1 0.00 0.00 287,191.69 0.00 287,191.69 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 1 0 3 622,200.00 0.00 287,191.69 0.00 909,391.69 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.174603% 0.000000% 0.000000% 0.000000% 3.174603% 2.479348% 0.000000% 0.000000% 0.000000% 2.479348% 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% 0.000000% 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% 1.587302% 0.000000% 1.587302% 0.000000% 0.000000% 1.144404% 0.000000% 1.144404% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.174603% 0.000000% 1.587302% 0.000000% 4.761905% 2.479348% 0.000000% 1.144404% 0.000000% 3.623752% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 3 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 2 819,845.43 0.00 0.00 0.00 819,845.43 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 2 0 0 0 2 819,845.43 0.00 0.00 0.00 819,845.43 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.444444% 0.000000% 0.000000% 0.000000% 4.444444% 4.420504% 0.000000% 0.000000% 0.000000% 4.420504% 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% 0.000000% 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 4.444444% 0.000000% 0.000000% 0.000000% 4.444444% 4.420504% 0.000000% 0.000000% 0.000000% 4.420504% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 280,000.00 0.00 0.00 0.00 280,000.00 120 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 1 0 0 0 1 280,000.00 0.00 0.00 0.00 280,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 5.000000% 0.000000% 0.000000% 0.000000% 5.000000% 3.318465% 0.000000% 0.000000% 0.000000% 3.318465% 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 5.000000% 0.000000% 0.000000% 0.000000% 5.000000% 3.318465% 0.000000% 0.000000% 0.000000% 3.318465%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,817.87
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 402,700,924.78 94.09825155% 52,178,406.35 96.08896552% 3.911034% 97.868317% Class R-I 402,700,874.78 94.09823986% 52,178,406.35 96.08896552% 0.000000% 0.000000% Class R-II 402,700,824.78 94.09822818% 52,178,406.35 96.08896552% 0.000000% 0.000000% Class 2A1 308,700,824.78 72.13345209% 52,178,406.35 96.08896552% 0.000000% 0.000000% Class 2A2 251,200,824.78 58.69755182% 52,178,406.35 96.08896552% 0.000000% 0.000000% Class 2A3 204,610,624.78 47.81092085% 29,238,923.13 53.84483876% 42.244127% 11.416867% Class 3A 48,103,024.78 11.24012945% 12,239,177.13 22.53901473% 31.305824% 8.460689% Class B-1 5,349,624.78 1.25003522% 2,619,716.46 4.82432988% 3.063218% 0.827863% Class B-2 3,637,824.78 0.85004263% 1,732,621.14 3.19070253% 1.633627% 0.441503% Class B-3 2,139,924.78 0.50003158% 956,373.86 1.76120701% 1.429496% 0.386334% Class B-4 1,284,024.78 0.30003529% 512,826.20 0.94439333% 0.816814% 0.220751% Class B-5 642,124.78 0.15004390% 180,178.41 0.33180693% 0.612586% 0.165557% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.331807% 0.089674% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.972890% Weighted Average Net Coupon 6.607767% Weighted Average Pass-Through Rate 6.476226% Weighted Average Maturity(Stepdown Calculation ) 333 Beginning Scheduled Collateral Loan Count 151 Number Of Loans Paid In Full 17 Ending Scheduled Collateral Loan Count 134 Beginning Scheduled Collateral Balance 61,259,048.33 Ending Scheduled Collateral Balance 54,302,183.47 Ending Actual Collateral Balance at 31-Jul-2003 54,310,702.38 Monthly P &I Constant 366,312.77 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 161,422.61 Class A Optimal Amount 7,015,015.94 Ending Scheduled Balance for Premium Loans 54,302,183.47 Scheduled Principal 10,352.24 Unscheduled Principal 6,946,512.62
Miscellaneous Reporting Senior Percentage Group I 95.736635% Senior Percentage Group II 91.625764% Senior Percentage Group III 92.516308% Senior Percentage Group IV 94.648498% Senior Prepayment Percentage Group I 97.868317% Senior Prepayment Percentage Group II 95.812882% Senior Prepayment Percentage Group III 96.258154% Senior Prepayment Percentage Group IV 97.324249% Stop-Loss Amount 8,559,158.50 Subordinate Percentage Group I 4.263365% Subordinate Percentage Group II 8.374236% Subordinate Percentage Group III 7.483692% Subordinate Percentage Group IV 5.351502% Subordinate Prep. Percentage Group I 2.131683% Subordinate Prep. Percentage Group II 4.187118% Subordinate Prep. Percentage Group III 3.741846% Subordinate Prep. Percentage Group IV 2.675751%
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.155326 7.078418 6.691057 Weighted Average Net Rate 6.780327 6.703419 6.342728 Weighted Average Maturity 332 332 333 Beginning Loan Count 7 67 54 Loans Paid In Full 1 4 9 Ending Loan Count 6 63 45 Beginning Scheduled Balance 2,623,139.03 26,391,727.90 22,684,262.53 Ending scheduled Balance 2,227,055.76 25,095,306.04 18,542,185.70 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 20,900.82 155,676.41 131,577.34 Scheduled Principal 5,259.64 0.00 5,092.60 Unscheduled Principal 390,823.63 1,296,421.86 4,136,984.23 Scheduled Interest 15,641.18 155,676.41 126,484.74 Servicing Fees 819.73 8,247.41 6,584.66 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 212.96 2,775.77 2,605.66 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 14,608.49 144,653.23 117,294.42 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 161,422.61 0.00 0.00 Percentage of Cumulative Losses 0.07 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.682904 6.577208 6.204888
Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 7.300254 6.972890 Weighted Average Net Rate 6.925254 6.607767 Weighted Average Maturity 63 333 Beginning Loan Count 23 151 Loans Paid In Full 3 17 Ending Loan Count 20 134 Beginning Scheduled Balance 9,559,918.87 61,259,048.33 Ending scheduled Balance 8,437,635.97 54,302,183.47 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 58,158.20 366,312.77 Scheduled Principal 0.00 10,352.24 Unscheduled Principal 1,122,282.90 6,946,512.62 Scheduled Interest 58,158.20 355,960.53 Servicing Fees 2,987.48 18,639.28 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 1,120.66 6,715.05 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 54,050.06 330,606.20 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 161,422.61 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.784585 6.476226
-----END PRIVACY-ENHANCED MESSAGE-----