-----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, SPa1ZCvtqtvpxNzTTGrMsePTEKklYSPBjNeNXaZJbc3Ns9rdqPu8rX7Z+g11M2wZ YN4mnfE/JEnXTS9hDvaIHA== 0001056404-03-001512.txt : 20030905 0001056404-03-001512.hdr.sgml : 20030905 20030905105946 ACCESSION NUMBER: 0001056404-03-001512 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-THRO CERT SERIES 2001-4 CENTRAL INDEX KEY: 0001144324 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: 333-51279-15 FILM NUMBER: 03882875 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 bst01004.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 2001-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-15 90-0031696 Pooling and Servicing Agreement) (Commission 90-0042385 (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 2001-4 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 2001-4 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 2001-4 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 2001-4 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: 2001-4 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 07384MCX8 SEN 4.46187% 22,630,210.82 84,139.79 1,863,357.54 II-A 07384MCY6 SEN 5.06800% 4,957,295.52 20,935.35 376,006.85 R-I 07384MCZ3 SEN 7.12960% 0.00 0.00 0.00 R-II 07384MDU3 SEN 7.12960% 0.00 0.00 0.00 B-1 07384MDA7 SUB 4.58343% 1,220,095.50 4,659.95 2,579.76 B-2 07384MDB5 SUB 4.58343% 976,152.75 3,728.25 2,063.97 B-3 07384MDC3 SUB 4.58343% 732,019.12 2,795.82 1,547.78 B-4 07384MEB4 SUB 4.58343% 829,748.92 3,169.08 1,754.42 B-5 07384MEC2 SUB 4.58343% 164,823.66 629.52 348.50 B-6 07384MED0 SUB 6.60780% 0.00 0.00 0.00 Totals 31,510,346.29 120,057.76 2,247,658.82
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 20,766,853.28 1,947,497.33 0.00 II-A 0.00 4,581,288.67 396,942.20 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 1,217,515.73 7,239.71 0.00 B-2 0.00 974,088.78 5,792.22 0.00 B-3 0.00 730,471.35 4,343.60 0.00 B-4 0.00 827,994.51 4,923.50 0.00 B-5 0.00 164,475.16 978.02 130,058.78 B-6 0.00 0.00 0.00 347,452.00 Totals 0.00 29,262,687.48 2,367,716.58 477,510.78 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 80,256,000.00 22,630,210.82 46,818.17 1,816,539.37 0.00 0.00 II-A 17,416,100.00 4,957,295.52 11,381.96 364,624.89 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 B-1 1,278,400.00 1,220,095.50 2,579.76 0.00 0.00 0.00 B-2 1,022,800.00 976,152.75 2,063.97 0.00 0.00 0.00 B-3 767,000.00 732,019.12 1,547.78 0.00 0.00 0.00 B-4 869,400.00 829,748.92 1,754.42 0.00 0.00 0.00 B-5 306,800.00 164,823.66 348.50 0.00 0.00 0.00 B-6 358,051.00 0.00 0.00 0.00 0.00 0.00 Totals 102,274,651.00 31,510,346.29 66,494.56 2,181,164.26 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 1,863,357.54 20,766,853.28 0.25875764 1,863,357.54 II-A 376,006.85 4,581,288.67 0.26304906 376,006.85 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 2,579.76 1,217,515.73 0.95237463 2,579.76 B-2 2,063.97 974,088.78 0.95237464 2,063.97 B-3 1,547.78 730,471.35 0.95237464 1,547.78 B-4 1,754.42 827,994.51 0.95237464 1,754.42 B-5 348.50 164,475.16 0.53609896 348.50 B-6 0.00 0.00 0.00000000 0.00 Totals 2,247,658.82 29,262,687.48 0.28611867 2,247,658.82
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 80,256,000.00 281.97531424 0.58336037 22.63431233 0.00000000 II-A 17,416,100.00 284.63866882 0.65353093 20.93608156 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 B-1 1,278,400.00 954.39260013 2.01795995 0.00000000 0.00000000 B-2 1,022,800.00 954.39259875 2.01796050 0.00000000 0.00000000 B-3 767,000.00 954.39259452 2.01796610 0.00000000 0.00000000 B-4 869,400.00 954.39259259 2.01796641 0.00000000 0.00000000 B-5 306,800.00 537.23487614 1.13591917 0.00000000 0.00000000 B-6 358,051.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) Per $1000 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 23.21767270 258.75764155 0.25875764 23.21767270 II-A 0.00000000 21.58961248 263.04905633 0.26304906 21.58961248 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 2.01795995 952.37463235 0.95237463 2.01795995 B-2 0.00000000 2.01796050 952.37463825 0.95237464 2.01796050 B-3 0.00000000 2.01796610 952.37464146 0.95237464 2.01796610 B-4 0.00000000 2.01796641 952.37463768 0.95237464 2.01796641 B-5 0.00000000 1.13591917 536.09895698 0.53609896 1.13591917 B-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 80,256,000.00 4.46187% 22,630,210.82 84,144.17 0.00 0.00 II-A 17,416,100.00 5.06800% 4,957,295.52 20,936.31 0.00 0.00 R-I 50.00 7.12960% 0.00 0.00 0.00 0.00 R-II 50.00 7.12960% 0.00 0.00 0.00 0.00 B-1 1,278,400.00 4.58343% 1,220,095.50 4,660.18 0.00 0.00 B-2 1,022,800.00 4.58343% 976,152.75 3,728.44 0.00 0.00 B-3 767,000.00 4.58343% 732,019.12 2,795.96 0.00 0.00 B-4 869,400.00 4.58343% 829,748.92 3,169.24 0.00 0.00 B-5 306,800.00 4.58343% 164,823.66 629.55 0.00 0.00 B-6 358,051.00 6.60780% 0.00 0.00 0.00 0.00 Totals 102,274,651.00 120,063.85 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 4.38 0.00 84,139.79 0.00 20,766,853.28 II-A 0.96 0.00 20,935.35 0.00 4,581,288.67 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.24 0.00 4,659.95 0.00 1,217,515.73 B-2 0.19 0.00 3,728.25 0.00 974,088.78 B-3 0.14 0.00 2,795.82 0.00 730,471.35 B-4 0.16 0.00 3,169.08 0.00 827,994.51 B-5 0.03 0.00 629.52 0.00 164,475.16 B-6 0.00 0.00 0.00 0.00 0.00 Totals 6.10 0.00 120,057.76 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 80,256,000.00 4.46187% 281.97531424 1.04844709 0.00000000 0.00000000 II-A 17,416,100.00 5.06800% 284.63866882 1.20212390 0.00000000 0.00000000 R-I 50.00 7.12960% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 7.12960% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 1,278,400.00 4.58343% 954.39260013 3.64532228 0.00000000 0.00000000 B-2 1,022,800.00 4.58343% 954.39259875 3.64532655 0.00000000 0.00000000 B-3 767,000.00 4.58343% 954.39259452 3.64531943 0.00000000 0.00000000 B-4 869,400.00 4.58343% 954.39259259 3.64531861 0.00000000 0.00000000 B-5 306,800.00 4.58343% 537.23487614 2.05198827 0.00000000 0.00000000 B-6 358,051.00 6.60780% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1000 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 0.00005458 0.00000000 1.04839252 0.00000000 258.75764155 II-A 0.00005512 0.00000000 1.20206878 0.00000000 263.04905633 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00018773 0.00000000 3.64514237 0.00000000 952.37463235 B-2 0.00018576 0.00000000 3.64514079 0.00000000 952.37463825 B-3 0.00018253 0.00000000 3.64513690 0.00000000 952.37464146 B-4 0.00018403 0.00000000 3.64513458 0.00000000 952.37463768 B-5 0.00009778 0.00000000 2.05189048 0.00000000 536.09895698 B-6 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 2,373,857.20 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 19,417.20 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 2,393,274.40 Withdrawals Reimbursement for Servicer Advances 17,529.09 Payment of Service Fee 8,028.73 Payment of Interest and Principal 2,367,716.58 Total Withdrawals (Pool Distribution Amount) 2,393,274.40 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 6.08 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 6.10
SERVICING FEES Gross Servicing Fee 8,028.73 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 8,028.73
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 2 0 0 2 155,252.52 0.00 0.00 155,252.52 30 Days 9 0 0 0 9 1,787,899.55 0.00 0.00 0.00 1,787,899.55 60 Days 1 0 0 0 1 94,199.60 0.00 0.00 0.00 94,199.60 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 3 0 3 0.00 0.00 484,772.04 0.00 484,772.04 150 Days 0 0 1 0 1 0.00 0.00 273,346.68 0.00 273,346.68 180+ Days 0 1 1 0 2 0.00 294,307.76 80,855.64 0.00 375,163.40 Totals 10 3 5 0 18 1,882,099.15 449,560.28 838,974.36 0.00 3,170,633.79 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 1.438849% 0.000000% 0.000000% 1.438849% 0.529226% 0.000000% 0.000000% 0.529226% 30 Days 6.474820% 0.000000% 0.000000% 0.000000% 6.474820% 6.094603% 0.000000% 0.000000% 0.000000% 6.094603% 60 Days 0.719424% 0.000000% 0.000000% 0.000000% 0.719424% 0.321108% 0.000000% 0.000000% 0.000000% 0.321108% 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% 2.158273% 0.000000% 2.158273% 0.000000% 0.000000% 1.652494% 0.000000% 1.652494% 150 Days 0.000000% 0.000000% 0.719424% 0.000000% 0.719424% 0.000000% 0.000000% 0.931786% 0.000000% 0.931786% 180+ Days 0.000000% 0.719424% 0.719424% 0.000000% 1.438849% 0.000000% 1.003238% 0.275621% 0.000000% 1.278859% Totals 7.194245% 2.158273% 3.597122% 0.000000% 12.949640% 6.415711% 1.532464% 2.859901% 0.000000% 10.808076%
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 4 0 0 0 4 828,430.08 0.00 0.00 0.00 828,430.08 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 1 0 1 0.00 0.00 61,892.05 0.00 61,892.05 150 Days 0 0 1 0 1 0.00 0.00 273,346.68 0.00 273,346.68 180 Days 0 1 0 0 1 0.00 294,307.76 0.00 0.00 294,307.76 Totals 4 1 2 0 7 828,430.08 294,307.76 335,238.73 0.00 1,457,976.57 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.883495% 0.000000% 0.000000% 0.000000% 3.883495% 3.459194% 0.000000% 0.000000% 0.000000% 3.459194% 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% 0.970874% 0.000000% 0.970874% 0.000000% 0.000000% 0.258437% 0.000000% 0.258437% 150 Days 0.000000% 0.000000% 0.970874% 0.000000% 0.970874% 0.000000% 0.000000% 1.141387% 0.000000% 1.141387% 180 Days 0.000000% 0.970874% 0.000000% 0.000000% 0.970874% 0.000000% 1.228912% 0.000000% 0.000000% 1.228912% Totals 3.883495% 0.970874% 1.941748% 0.000000% 6.796117% 3.459194% 1.228912% 1.399823% 0.000000% 6.087930% 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 2 0 0 2 155,252.52 0.00 0.00 155,252.52 30 Days 5 0 0 0 5 959,469.47 0.00 0.00 0.00 959,469.47 60 Days 1 0 0 0 1 94,199.60 0.00 0.00 0.00 94,199.60 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 2 0 2 0.00 0.00 422,879.99 0.00 422,879.99 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 1 0 1 0.00 0.00 80,855.64 0.00 80,855.64 Totals 6 2 3 0 11 1,053,669.07 155,252.52 503,735.63 0.00 1,712,657.22 0-29 Days 5.555556% 0.000000% 0.000000% 5.555556% 2.881910% 0.000000% 0.000000% 2.881910% 30 Days 13.888889% 0.000000% 0.000000% 0.000000% 13.888889% 17.810370% 0.000000% 0.000000% 0.000000% 17.810370% 60 Days 2.777778% 0.000000% 0.000000% 0.000000% 2.777778% 1.748601% 0.000000% 0.000000% 0.000000% 1.748601% 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% 5.555556% 0.000000% 5.555556% 0.000000% 0.000000% 7.849806% 0.000000% 7.849806% 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% 2.777778% 0.000000% 2.777778% 0.000000% 0.000000% 1.500901% 0.000000% 1.500901% Totals 16.666667% 5.555556% 8.333333% 0.000000% 30.555556% 19.558971% 2.881910% 9.350707% 0.000000% 31.791589%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 19,417.20
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 22,018,651.00 21.52894269% 8,495,834.20 29.03299367% 70.967006% 100.000000% Class 2A 4,602,551.00 4.50018744% 3,914,545.53 13.37725913% 15.655735% 0.000000% Class R-I 4,602,501.00 4.50013855% 3,914,545.53 13.37725913% 0.000000% 0.000000% Class R-II 4,602,451.00 4.50008967% 3,914,545.53 13.37725913% 0.000000% 0.000000% Class B-1 3,324,051.00 3.25012207% 2,697,029.80 9.21661690% 4.160642% 0.000000% Class B-2 2,301,251.00 2.25006977% 1,722,941.02 5.88784274% 3.328774% 0.000000% Class B-3 1,534,251.00 1.50012832% 992,469.67 3.39158757% 2.496255% 0.000000% Class B-4 664,851.00 0.65006431% 164,475.16 0.56206444% 2.829523% 0.000000% Class B-5 358,051.00 0.35008773% 0.00 0.00000000% 0.562064% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.848798% Weighted Average Net Coupon 4.543042% Weighted Average Pass-Through Rate 4.539459% Weighted Average Maturity(Stepdown Calculation ) 330 Beginning Scheduled Collateral Loan Count 148 Number Of Loans Paid In Full 9 Ending Scheduled Collateral Loan Count 139 Beginning Scheduled Collateral Balance 31,510,346.29 Ending Scheduled Collateral Balance 29,262,687.47 Ending Actual Collateral Balance at 31-Jul-2003 29,335,782.99 Monthly P &I Constant 193,817.32 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 477,510.18 Class A Optimal Amount 2,344,444.87 Ending Scheduled Balance for Premium Loans 29,262,687.47 Scheduled Principal 66,494.56 Unscheduled Principal 2,181,164.26
Miscellaneous Reporting Senior Percentage Group 1 87.828622% Senior Percentage Group 2 86.303618% Senior Prepayment Percentage Group 1 100.000000% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 1 12.171378% Subordinate Percentage Group 2 13.696382% Subordinate Prepayment Percentage Grp 1 0.000000% Subordinate Prepayment Percentage Grp 2 0.000000%
Group Level Collateral Statement Group 1 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.713190 5.457106 4.848798 Weighted Average Net Rate 4.424003 5.077026 4.543042 Weighted Average Maturity 290 241 330 Beginning Loan Count 110 38 148 Loans Paid In Full 7 2 9 Ending Loan Count 103 36 139 Beginning Scheduled Balance 25,766,328.09 5,744,018.20 31,510,346.29 Ending scheduled Balance 23,896,482.44 5,366,205.03 29,262,687.47 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 154,507.61 39,309.71 193,817.32 Scheduled Principal 53,306.28 13,188.28 66,494.56 Unscheduled Principal 1,816,539.37 364,624.89 2,181,164.26 Scheduled Interest 101,201.33 26,121.43 127,322.76 Servicing Fees 6,209.41 1,819.32 8,028.73 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 50.91 43.21 94.12 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 94,941.01 24,258.90 119,199.91 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 477,510.18 0.00 477,510.18 Percentage of Cumulative Losses 0.02 0.00 0.02 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.421632 5.067999 4.539459
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