-----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, MlWFh5bQfLWVItq582IcBjWRAcQA0YlCSWLm/oJ0BxVSeZ5k05Tgz6ZwdtEy2o/q cimgtCyEI/rcQa3w6X8CLA== 0001056404-03-001799.txt : 20031006 0001056404-03-001799.hdr.sgml : 20031006 20031006113010 ACCESSION NUMBER: 0001056404-03-001799 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORTGAGE PASS THROUGH CERT SER 2001-7 CENTRAL INDEX KEY: 0001163338 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: 333-51279-17 FILM NUMBER: 03929128 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842064 8-K 1 bst01007.txt SEPTEMBER 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): September 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2001-7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-51279-17 90-0042382 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) 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 September 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2001-7 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 2001-7 Trust, relating to the September 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 2001-7 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: 9/24/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2001-7 Trust, relating to the September 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 BST Series: 2001-7 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 07384MGL0 SEN 4.73538% 6,046,763.58 23,752.74 299,310.75 II-A 07384MGP1 SEN 2.83319% 51,992,265.01 122,194.10 1,030,667.29 III-A 07384MGU0 SEN 4.71096% 33,515,643.83 130,976.51 1,983,789.47 IV-A 07384MGQ9 SEN 6.82342% 5,054,983.11 28,612.64 839,722.17 B-1 07384MGR7 SUB 4.49426% 4,090,008.29 15,248.20 118,264.97 B-2 07384MGS5 SUB 4.49426% 2,406,012.70 8,970.00 69,571.26 B-3 07384MGT3 SUB 4.49426% 1,684,159.67 6,278.82 48,698.46 B-4 07384MGV8 SUB 4.49426% 842,120.85 3,139.56 24,350.42 B-5 07384MGW6 SUB 4.49426% 721,770.99 2,690.88 20,870.43 B-6 07384MGX4 SUB 4.49426% 1,082,896.46 4,037.21 31,312.58 R-I 07384MGM8 RES 6.36273% 0.00 0.00 0.00 R-II 07384MGN6 RES 6.36273% 0.00 0.00 0.00 Totals 107,436,624.49 345,900.66 4,466,557.80
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 5,747,452.83 323,063.49 0.00 II-A 0.00 50,961,597.72 1,152,861.39 0.00 III-A 0.00 31,531,854.36 2,114,765.98 0.00 IV-A 0.00 4,215,260.94 868,334.81 0.00 B-1 0.00 3,971,743.32 133,513.17 0.00 B-2 0.00 2,336,441.44 78,541.26 0.00 B-3 0.00 1,635,461.21 54,977.28 0.00 B-4 0.00 817,770.44 27,489.98 0.00 B-5 0.00 700,900.57 23,561.31 0.00 B-6 0.00 1,051,583.88 35,349.79 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 102,970,066.71 4,812,458.46 0.00 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 16,941,900.00 6,046,763.58 23,533.27 275,777.48 0.00 0.00 II-A 59,270,500.00 51,992,265.01 0.00 1,030,667.29 0.00 0.00 III-A 162,837,100.00 33,515,643.83 63,753.62 1,920,035.85 0.00 0.00 IV-A 41,028,800.00 5,054,983.11 9,277.34 830,444.83 0.00 0.00 B-1 4,985,500.00 4,090,008.29 6,285.73 111,979.24 0.00 0.00 B-2 2,932,800.00 2,406,012.70 3,697.68 65,873.58 0.00 0.00 B-3 2,052,900.00 1,684,159.67 2,588.30 46,110.16 0.00 0.00 B-4 1,026,500.00 842,120.85 1,294.21 23,056.20 0.00 0.00 B-5 879,800.00 721,770.99 1,109.25 19,761.17 0.00 0.00 B-6 1,319,993.00 1,082,896.46 1,664.25 29,648.33 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 Totals 293,275,893.00 107,436,624.49 113,203.65 4,353,354.13 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 299,310.75 5,747,452.83 0.33924488 299,310.75 II-A 1,030,667.29 50,961,597.72 0.85981387 1,030,667.29 III-A 1,983,789.47 31,531,854.36 0.19364048 1,983,789.47 IV-A 839,722.17 4,215,260.94 0.10273907 839,722.17 B-1 118,264.97 3,971,743.32 0.79665898 118,264.97 B-2 69,571.26 2,336,441.44 0.79665897 69,571.26 B-3 48,698.46 1,635,461.21 0.79665898 48,698.46 B-4 24,350.42 817,770.44 0.79665898 24,350.42 B-5 20,870.43 700,900.57 0.79665898 20,870.43 B-6 31,312.58 1,051,583.88 0.79665868 31,312.58 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 4,466,557.80 102,970,066.71 0.35110307 4,466,557.80
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 16,941,900.00 356.91177377 1.38905731 16.27783661 0.00000000 II-A 59,270,500.00 877.20307758 0.00000000 17.38921200 0.00000000 III-A 162,837,100.00 205.82314368 0.39151778 11.79114495 0.00000000 IV-A 41,028,800.00 123.20572647 0.22611775 20.24053421 0.00000000 B-1 4,985,500.00 820.38076221 1.26080233 22.46098486 0.00000000 B-2 2,932,800.00 820.38076241 1.26080196 22.46098609 0.00000000 B-3 2,052,900.00 820.38076380 1.26080179 22.46098690 0.00000000 B-4 1,026,500.00 820.38075986 1.26079883 22.46098393 0.00000000 B-5 879,800.00 820.38075699 1.26079791 22.46097977 0.00000000 B-6 1,319,993.00 820.38045656 1.26080214 22.46097517 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 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 17.66689391 339.24487985 0.33924488 17.66689391 II-A 0.00000000 17.38921200 859.81386558 0.85981387 17.38921200 III-A 0.00000000 12.18266273 193.64048095 0.19364048 12.18266273 IV-A 0.00000000 20.46665196 102.73907450 0.10273907 20.46665196 B-1 0.00000000 23.72178718 796.65897503 0.79665898 23.72178718 B-2 0.00000000 23.72178805 796.65897436 0.79665897 23.72178805 B-3 0.00000000 23.72178869 796.65897511 0.79665898 23.72178869 B-4 0.00000000 23.72179250 796.65897711 0.79665898 23.72179250 B-5 0.00000000 23.72178904 796.65897931 0.79665898 23.72178904 B-6 0.00000000 23.72177731 796.65867925 0.79665868 23.72177731 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 16,941,900.00 4.73538% 6,046,763.58 23,861.41 0.00 0.00 II-A 59,270,500.00 2.83319% 51,992,265.01 122,753.16 0.00 0.00 III-A 162,837,100.00 4.71096% 33,515,643.83 131,575.74 0.00 0.00 IV-A 41,028,800.00 6.82342% 5,054,983.11 28,743.55 0.00 0.00 B-1 4,985,500.00 4.49426% 4,090,008.29 15,317.97 0.00 0.00 B-2 2,932,800.00 4.49426% 2,406,012.70 9,011.04 0.00 0.00 B-3 2,052,900.00 4.49426% 1,684,159.67 6,307.54 0.00 0.00 B-4 1,026,500.00 4.49426% 842,120.85 3,153.92 0.00 0.00 B-5 879,800.00 4.49426% 721,770.99 2,703.19 0.00 0.00 B-6 1,319,993.00 4.49426% 1,082,896.46 4,055.68 0.00 0.00 R-I 50.00 6.36273% 0.00 0.00 0.00 0.00 R-II 50.00 6.36273% 0.00 0.00 0.00 0.00 Totals 293,275,893.00 347,483.20 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 108.67 0.00 23,752.74 0.00 5,747,452.83 II-A 559.05 0.00 122,194.10 0.00 50,961,597.72 III-A 599.23 0.00 130,976.51 0.00 31,531,854.36 IV-A 130.91 0.00 28,612.64 0.00 4,215,260.94 B-1 69.76 0.00 15,248.20 0.00 3,971,743.32 B-2 41.04 0.00 8,970.00 0.00 2,336,441.44 B-3 28.73 0.00 6,278.82 0.00 1,635,461.21 B-4 14.36 0.00 3,139.56 0.00 817,770.44 B-5 12.31 0.00 2,690.88 0.00 700,900.57 B-6 18.47 0.00 4,037.21 0.00 1,051,583.88 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 Totals 1,582.53 0.00 345,900.66 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 16,941,900.00 4.73538% 356.91177377 1.40842586 0.00000000 0.00000000 II-A 59,270,500.00 2.83319% 877.20307758 2.07106672 0.00000000 0.00000000 III-A 162,837,100.00 4.71096% 205.82314368 0.80802065 0.00000000 0.00000000 IV-A 41,028,800.00 6.82342% 123.20572647 0.70057009 0.00000000 0.00000000 B-1 4,985,500.00 4.49426% 820.38076221 3.07250426 0.00000000 0.00000000 B-2 2,932,800.00 4.49426% 820.38076241 3.07250409 0.00000000 0.00000000 B-3 2,052,900.00 4.49426% 820.38076380 3.07250231 0.00000000 0.00000000 B-4 1,026,500.00 4.49426% 820.38075986 3.07249878 0.00000000 0.00000000 B-5 879,800.00 4.49426% 820.38075699 3.07250511 0.00000000 0.00000000 B-6 1,319,993.00 4.49426% 820.38045656 3.07250114 0.00000000 0.00000000 R-I 50.00 6.36273% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 6.36273% 0.00000000 0.00000000 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 0.00641427 0.00000000 1.40201158 0.00000000 339.24487985 II-A 0.00943218 0.00000000 2.06163437 0.00000000 859.81386558 III-A 0.00367994 0.00000000 0.80434072 0.00000000 193.64048095 IV-A 0.00319069 0.00000000 0.69737940 0.00000000 102.73907450 B-1 0.01399258 0.00000000 3.05850968 0.00000000 796.65897503 B-2 0.01399345 0.00000000 3.05851064 0.00000000 796.65897436 B-3 0.01399484 0.00000000 3.05851235 0.00000000 796.65897511 B-4 0.01398928 0.00000000 3.05850950 0.00000000 796.65897711 B-5 0.01399182 0.00000000 3.05851330 0.00000000 796.65897931 B-6 0.01399250 0.00000000 3.05850864 0.00000000 796.65867925 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 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 4,852,592.62 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,353.99 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,866,946.61 Withdrawals Reimbursement for Servicer Advances 20,596.51 Payment of Service Fee 33,891.64 Payment of Interest and Principal 4,812,458.46 Total Withdrawals (Pool Distribution Amount) 4,866,946.61 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 1,582.53 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 1,582.53
SERVICING FEES Gross Servicing Fee 33,891.64 Special Servicing Fee 0.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 33,891.64
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 2 1 0 0 3 1,423,105.19 468,368.56 0.00 0.00 1,891,473.75 60 Days 1 0 0 0 1 106,160.41 0.00 0.00 0.00 106,160.41 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 1 1 0 2 0.00 488,261.79 299,027.06 0.00 787,288.85 Totals 3 2 1 0 6 1,529,265.60 956,630.35 299,027.06 0.00 2,784,923.01 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 0.763359% 0.381679% 0.000000% 0.000000% 1.145038% 1.380685% 0.454407% 0.000000% 0.000000% 1.835093% 60 Days 0.381679% 0.000000% 0.000000% 0.000000% 0.381679% 0.102996% 0.000000% 0.000000% 0.000000% 0.102996% 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% 0.381679% 0.381679% 0.000000% 0.763359% 0.000000% 0.473708% 0.290114% 0.000000% 0.763821% Totals 1.145038% 0.763359% 0.381679% 0.000000% 2.290076% 1.483681% 0.928115% 0.290114% 0.000000% 2.701910%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I 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 Group II 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 1 0 0 0 1 997,054.96 0.00 0.00 0.00 997,054.96 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 1 0 0 0 1 997,054.96 0.00 0.00 0.00 997,054.96 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.900901% 0.000000% 0.000000% 0.000000% 0.900901% 1.858284% 0.000000% 0.000000% 0.000000% 1.858284% 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 0.900901% 0.000000% 0.000000% 0.000000% 0.900901% 1.858284% 0.000000% 0.000000% 0.000000% 1.858284% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group III 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 1 1 0 0 2 426,050.23 468,368.56 0.00 0.00 894,418.79 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 1 1 0 2 0.00 488,261.79 299,027.06 0.00 787,288.85 Totals 1 2 1 0 4 426,050.23 956,630.35 299,027.06 0.00 1,681,707.64 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.063830% 1.063830% 0.000000% 0.000000% 2.127660% 1.133580% 1.246176% 0.000000% 0.000000% 2.379756% 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% 1.063830% 1.063830% 0.000000% 2.127660% 0.000000% 1.299105% 0.795613% 0.000000% 2.094718% Totals 1.063830% 2.127660% 1.063830% 0.000000% 4.255319% 1.133580% 2.545280% 0.795613% 0.000000% 4.474474% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group IV 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 1 0 0 0 1 106,160.41 0.00 0.00 0.00 106,160.41 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 1 0 0 0 1 106,160.41 0.00 0.00 0.00 106,160.41 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 5.882353% 0.000000% 0.000000% 0.000000% 5.882353% 1.956922% 0.000000% 0.000000% 0.000000% 1.956922% 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 5.882353% 0.000000% 0.000000% 0.000000% 5.882353% 1.956922% 0.000000% 0.000000% 0.000000% 1.956922%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,353.99
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 276,333,993.00 94.22322107% 97,222,613.88 94.41832661% 5.581673% 0.000000% Class 2A 217,063,493.00 74.01341132% 46,261,016.16 44.92666427% 49.491662% 484.706850% Class 3A 54,226,393.00 18.48989102% 14,729,161.80 14.30431413% 30.622350% 299.906331% Class R-I 13,197,543.00 4.50004358% 10,513,900.86 10.21063810% 0.000000% 0.000000% Class R-II 13,197,493.00 4.50002653% 10,513,900.86 10.21063810% 0.000000% 0.000000% Class B-1 8,211,993.00 2.80009138% 6,542,157.54 6.35345567% 3.857182% 37.776115% Class B-2 5,279,193.00 1.80007738% 4,205,716.10 4.08440650% 2.269049% 22.222403% Class B-3 3,226,293.00 1.10008803% 2,570,254.89 2.49611851% 1.588288% 15.555228% Class B-4 2,199,793.00 0.75007631% 1,752,484.45 1.70193582% 0.794183% 7.777993% Class B-5 1,319,993.00 0.45008575% 1,051,583.88 1.02125201% 0.680684% 6.666418% Class B-6 0.00 0.00000000% 0.00 0.00000000% 1.021252% 10.001843% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 4.259719% Weighted Average Net Coupon 3.881170% Weighted Average Pass-Through Rate 3.881170% Weighted Average Maturity(Stepdown Calculation ) 332 Beginning Scheduled Collateral Loan Count 273 Number Of Loans Paid In Full 11 Ending Scheduled Collateral Loan Count 262 Beginning Scheduled Collateral Balance 107,436,624.49 Ending Scheduled Collateral Balance 102,970,066.69 Ending Actual Collateral Balance at 31-Aug-2003 103,072,379.96 Monthly P &I Constant 494,578.51 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,460,423.54 Ending Scheduled Balance for Premium Loans 102,970,066.69 Scheduled Principal 113,203.67 Unscheduled Principal 4,353,354.13
Group Level Collateral Statement Group Group I Group II Group III Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 5.110376 3.208187 5.085961 Weighted Average Net Rate 4.735375 2.833186 4.710961 Weighted Average Maturity 265 277 332 Beginning Loan Count 42 113 99 Loans Paid In Full 2 2 5 Ending Loan Count 40 111 94 Beginning Scheduled Balance 6,702,075.69 54,711,536.07 39,669,086.83 Ending scheduled Balance 6,386,039.11 53,654,602.95 37,512,153.78 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 54,625.44 146,270.68 243,588.25 Scheduled Principal 26,083.67 0.00 75,458.73 Unscheduled Principal 289,952.91 1,056,933.12 2,081,474.32 Scheduled Interest 28,541.77 146,270.68 168,129.52 Servicing Fees 2,094.40 17,097.36 12,396.58 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 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 26,447.37 129,173.32 155,732.94 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 4.735376 2.833187 4.710961
Group Level Collateral Statement Group Group IV Total Collateral Description Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 7.258417 4.259719 Weighted Average Net Rate 6.823417 3.881170 Weighted Average Maturity 332 332 Beginning Loan Count 19 273 Loans Paid In Full 2 11 Ending Loan Count 17 262 Beginning Scheduled Balance 6,353,925.90 107,436,624.49 Ending scheduled Balance 5,417,270.85 102,970,066.69 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 50,094.14 494,578.51 Scheduled Principal 11,661.27 113,203.67 Unscheduled Principal 924,993.78 4,353,354.13 Scheduled Interest 38,432.87 381,374.84 Servicing Fees 2,303.30 33,891.64 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 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 36,129.57 347,483.20 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.823417 3.881170
Miscellaneous Reporting Group Group I Senior Percentage Group I 90.222251% Senior Prep. Percentage Group I 95.111126% Subordinate Percentage Group I 9.777749% Subordinate Prep. Percentage Group I 4.888874% Group Group II Senior Percentage Group II 95.029803% Senior Prep. Percentage Group II 97.514902% Subordinate Percentage Group II 4.970197% Subordinate Prep. Percentage Group II 2.485098% Group Group III Senior Percentage Group III 84.488065% Senior Prep. Percentage Group III 92.244032% Subordinate Percentage Group III 15.511935% Subordinate Prep. Percentage Group III 7.755968%
Miscellaneous Reporting Group Group IV Senior Percentage Group IV 79.556847% Senior Prep. Percentage Group IV 89.778424% Subordinate Percentage Group IV 20.443153% Subordinate Prep. Percentage Group IV 10.221576%
-----END PRIVACY-ENHANCED MESSAGE-----