-----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, Le0YbhnnABiGfHAOTbLMSYpVzJfhT3KzzE1ev7GD46ix5o65Cid6AfuxU93g23Vl 4uzTuP0fgKpMNoonihleTQ== 0001056404-03-001065.txt : 20030701 0001056404-03-001065.hdr.sgml : 20030701 20030701101355 ACCESSION NUMBER: 0001056404-03-001065 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030621 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORTGAGE INVEST MORT PA THR CE SER 2002-AR2 CENTRAL INDEX KEY: 0001176371 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-05 FILM NUMBER: 03766560 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS ROAD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 BUSINESS PHONE: 4108842000 8-K 1 sam02ar2.txt JUNE 8K 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): June 19, 2003 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-05 90-0073004 Pooling and Servicing Agreement) (Commission 90-0073048 (State or other File Number) 90-0073071 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (Former name or former address, if changed since last report) ITEM 5. Other Events On June 19, 2003 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2002-AR2 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 2002-AR2 Trust, relating to the June 19, 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. STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2002-AR2 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: 6/20/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-AR2 Trust, relating to the June 19, 2003 distribution.
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 6/2/03 Distribution Date: 6/19/03 SAM Series: 2002-AR2 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 A-1 86358HNH8 SEN 1.66750% 221,357,891.76 307,595.24 2,376,878.00 A-2 86358HNK1 SEN 2.97878% 40,201,900.30 99,793.74 437,923.22 R-I 86358HNL9 RES 3.60357% 0.00 0.00 0.00 R-II 86358HNM7 RES 3.60357% 0.00 0.00 0.00 R-III 86358HNS4 RES 3.60357% 0.00 0.00 0.00 R-IV 86358HNT2 RES 3.60357% 0.00 0.00 0.00 A-3 86358HNR6 SEN 1.81750% 9,929,755.38 15,039.44 0.00 B-1 86358HNN5 SUB 2.01750% 4,124,781.46 6,934.79 0.00 B-2 86358HNP0 SUB 2.31750% 2,902,486.96 5,605.43 0.00 B-3 86358HNQ8 SUB 2.31750% 1,833,291.76 3,540.54 0.00 B-4 86358HNU9 SUB 2.94980% 1,069,395.19 2,628.76 0.00 B-5 86358HNV7 SUB 2.94980% 610,997.25 1,501.94 0.00 B-6 86358HNW5 SUB 2.94980% 1,680,541.45 4,131.06 0.00 X 86358HNJ4 SEN 1.25207% 0.00 250,568.84 0.00 Totals 283,711,041.51 697,339.78 2,814,801.22
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 218,981,013.76 2,684,473.24 0.00 A-2 0.00 39,763,977.08 537,716.96 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 A-3 0.00 9,929,755.38 15,039.44 0.00 B-1 0.00 4,124,781.46 6,934.79 0.00 B-2 0.00 2,902,486.96 5,605.43 0.00 B-3 0.00 1,833,291.76 3,540.54 0.00 B-4 0.00 1,069,395.19 2,628.76 0.00 B-5 0.00 610,997.25 1,501.94 0.00 B-6 0.00 1,680,541.45 4,131.06 0.00 X 0.00 0.00 250,568.84 0.00 Totals 0.00 280,896,240.29 3,512,141.00 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) A-1 237,188,200.00 221,357,891.76 0.00 2,376,878.00 0.00 0.00 A-2 46,194,500.00 40,201,900.30 0.00 437,923.22 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 R-IV 50.00 0.00 0.00 0.00 0.00 0.00 A-3 9,929,800.00 9,929,755.38 0.00 0.00 0.00 0.00 B-1 4,124,800.00 4,124,781.46 0.00 0.00 0.00 0.00 B-2 2,902,500.00 2,902,486.96 0.00 0.00 0.00 0.00 B-3 1,833,300.00 1,833,291.76 0.00 0.00 0.00 0.00 B-4 1,069,400.00 1,069,395.19 0.00 0.00 0.00 0.00 B-5 611,000.00 610,997.25 0.00 0.00 0.00 0.00 B-6 1,680,549.00 1,680,541.45 0.00 0.00 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 Totals 305,534,249.00 283,711,041.51 0.00 2,814,801.22 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 A-1 2,376,878.00 218,981,013.76 0.92323739 2,376,878.00 A-2 437,923.22 39,763,977.08 0.86079462 437,923.22 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 R-IV 0.00 0.00 0.00000000 0.00 A-3 0.00 9,929,755.38 0.99999551 0.00 B-1 0.00 4,124,781.46 0.99999551 0.00 B-2 0.00 2,902,486.96 0.99999551 0.00 B-3 0.00 1,833,291.76 0.99999551 0.00 B-4 0.00 1,069,395.19 0.99999550 0.00 B-5 0.00 610,997.25 0.99999550 0.00 B-6 0.00 1,680,541.45 0.99999551 0.00 X 0.00 0.00 0.00000000 0.00 Totals 2,814,801.22 280,896,240.29 0.91936089 2,814,801.22
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 237,188,200.00 933.25844945 0.00000000 10.02106344 0.00000000 A-2 46,194,500.00 870.27460628 0.00000000 9.47998615 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000000 0.00000000 0.00000000 0.00000000 A-3 9,929,800.00 999.99550646 0.00000000 0.00000000 0.00000000 B-1 4,124,800.00 999.99550524 0.00000000 0.00000000 0.00000000 B-2 2,902,500.00 999.99550732 0.00000000 0.00000000 0.00000000 B-3 1,833,300.00 999.99550537 0.00000000 0.00000000 0.00000000 B-4 1,069,400.00 999.99550215 0.00000000 0.00000000 0.00000000 B-5 611,000.00 999.99549918 0.00000000 0.00000000 0.00000000 B-6 1,680,549.00 999.99550742 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 10.02106344 923.23738601 0.92323739 10.02106344 A-2 0.00000000 9.47998615 860.79462014 0.86079462 9.47998615 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-3 0.00000000 0.00000000 999.99550646 0.99999551 0.00000000 B-1 0.00000000 0.00000000 999.99550524 0.99999551 0.00000000 B-2 0.00000000 0.00000000 999.99550732 0.99999551 0.00000000 B-3 0.00000000 0.00000000 999.99550537 0.99999551 0.00000000 B-4 0.00000000 0.00000000 999.99550215 0.99999550 0.00000000 B-5 0.00000000 0.00000000 999.99549918 0.99999550 0.00000000 B-6 0.00000000 0.00000000 999.99550742 0.99999551 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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.
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 A-1 237,188,200.00 1.66750% 221,357,891.76 307,595.24 0.00 0.00 A-2 46,194,500.00 2.97878% 40,201,900.30 99,793.74 0.00 0.00 R-I 50.00 3.60357% 0.00 0.00 0.00 0.00 R-II 50.00 3.60357% 0.00 0.00 0.00 0.00 R-III 50.00 3.60357% 0.00 0.00 0.00 0.00 R-IV 50.00 3.60357% 0.00 0.00 0.00 0.00 A-3 9,929,800.00 1.81750% 9,929,755.38 15,039.44 0.00 0.00 B-1 4,124,800.00 2.01750% 4,124,781.46 6,934.79 0.00 0.00 B-2 2,902,500.00 2.31750% 2,902,486.96 5,605.43 0.00 0.00 B-3 1,833,300.00 2.31750% 1,833,291.76 3,540.54 0.00 0.00 B-4 1,069,400.00 2.94980% 1,069,395.19 2,628.76 0.00 0.00 B-5 611,000.00 2.94980% 610,997.25 1,501.94 0.00 0.00 B-6 1,680,549.00 2.94980% 1,680,541.45 4,131.06 0.00 0.00 X 0.00 1.25207% 240,148,207.31 250,568.84 0.00 0.00 Totals 305,534,249.00 697,339.78 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 A-1 0.00 0.00 307,595.24 0.00 218,981,013.76 A-2 0.00 0.00 99,793.74 0.00 39,763,977.08 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.00 0.00 0.00 A-3 0.00 0.00 15,039.44 0.00 9,929,755.38 B-1 0.00 0.00 6,934.79 0.00 4,124,781.46 B-2 0.00 0.00 5,605.43 0.00 2,902,486.96 B-3 0.00 0.00 3,540.54 0.00 1,833,291.76 B-4 0.00 0.00 2,628.76 0.00 1,069,395.19 B-5 0.00 0.00 1,501.94 0.00 610,997.25 B-6 0.00 0.00 4,131.06 0.00 1,680,541.45 X 0.00 0.00 250,568.84 0.00 237,771,329.31 Totals 0.00 0.00 697,339.78 0.00 (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.
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 A-1 237,188,200.00 1.66750% 933.25844945 1.29684040 0.00000000 0.00000000 A-2 46,194,500.00 2.97878% 870.27460628 2.16029484 0.00000000 0.00000000 R-I 50.00 3.60357% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.60357% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 3.60357% 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 3.60357% 0.00000000 0.00000000 0.00000000 0.00000000 A-3 9,929,800.00 1.81750% 999.99550646 1.51457633 0.00000000 0.00000000 B-1 4,124,800.00 2.01750% 999.99550524 1.68124273 0.00000000 0.00000000 B-2 2,902,500.00 2.31750% 999.99550732 1.93124203 0.00000000 0.00000000 B-3 1,833,300.00 2.31750% 999.99550537 1.93123875 0.00000000 0.00000000 B-4 1,069,400.00 2.94980% 999.99550215 2.45816346 0.00000000 0.00000000 B-5 611,000.00 2.94980% 999.99549918 2.45816694 0.00000000 0.00000000 B-6 1,680,549.00 2.94980% 999.99550742 2.45816099 0.00000000 0.00000000 X 0.00 1.25207% 938.15735890 0.97886636 0.00000000 0.00000000 (5) All classes are per $1,000 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 A-1 0.00000000 0.00000000 1.29684040 0.00000000 923.23738601 A-2 0.00000000 0.00000000 2.16029484 0.00000000 860.79462014 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-3 0.00000000 0.00000000 1.51457633 0.00000000 999.99550646 B-1 0.00000000 0.00000000 1.68124273 0.00000000 999.99550524 B-2 0.00000000 0.00000000 1.93124203 0.00000000 999.99550732 B-3 0.00000000 0.00000000 1.93123875 0.00000000 999.99550537 B-4 0.00000000 0.00000000 2.45816346 0.00000000 999.99550215 B-5 0.00000000 0.00000000 2.45816694 0.00000000 999.99549918 B-6 0.00000000 0.00000000 2.45816099 0.00000000 999.99550742 X 0.00000000 0.00000000 0.97886636 0.00000000 928.87190300 (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.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 3,597,937.55 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 1,514.08 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 3,599,451.63 Withdrawals Reimbursement for Servicer Advances 1,776.64 Payment of Service Fee 85,533.99 Payment of Interest and Principal 3,512,141.00 Total Withdrawals (Pool Distribution Amount) 3,599,451.63 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 3,125.71 Servicing Fee Support 3,125.71 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 88,659.70 Supported Prepayment/Curtailment Interest Shortfall 3,125.71 Net Servicing Fee 85,533.99
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Carryover Shortfall Reserve Fund 5,000.00 0.00 0.00 5,000.00
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 4 0 0 4 768,025.72 0.00 0.00 768,025.72 30 Days 1 0 0 0 1 256,800.00 0.00 0.00 0.00 256,800.00 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 0.00 364,000.00 0.00 364,000.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 4 1 0 6 256,800.00 768,025.72 364,000.00 0.00 1,388,825.72 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 0.476758% 0.000000% 0.000000% 0.476758% 0.273420% 0.000000% 0.000000% 0.273420% 30 Days 0.119190% 0.000000% 0.000000% 0.000000% 0.119190% 0.091422% 0.000000% 0.000000% 0.000000% 0.091422% 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% 0.119190% 0.000000% 0.119190% 0.000000% 0.000000% 0.129585% 0.000000% 0.129585% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.119190% 0.476758% 0.119190% 0.000000% 0.715137% 0.091422% 0.273420% 0.129585% 0.000000% 0.494427%
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 2 0 0 2 360,443.31 0.00 0.00 360,443.31 30 Days 1 0 0 0 1 256,800.00 0.00 0.00 0.00 256,800.00 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 0.00 364,000.00 0.00 364,000.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 2 1 0 4 256,800.00 360,443.31 364,000.00 0.00 981,243.31 0-29 Days 0.291121% 0.000000% 0.000000% 0.291121% 0.151752% 0.000000% 0.000000% 0.151752% 30 Days 0.145560% 0.000000% 0.000000% 0.000000% 0.145560% 0.108117% 0.000000% 0.000000% 0.000000% 0.108117% 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% 0.145560% 0.000000% 0.145560% 0.000000% 0.000000% 0.153249% 0.000000% 0.153249% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.145560% 0.291121% 0.145560% 0.000000% 0.582242% 0.108117% 0.151752% 0.153249% 0.000000% 0.413118% 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 2 0 0 2 407,582.41 0.00 0.00 407,582.41 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 2 0 0 2 0.00 407,582.41 0.00 0.00 407,582.41 0-29 Days 1.315789% 0.000000% 0.000000% 1.315789% 0.939672% 0.000000% 0.000000% 0.939672% 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% 1.315789% 0.000000% 0.000000% 1.315789% 0.000000% 0.939672% 0.000000% 0.000000% 0.939672%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 1,514.08
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.324507% Weighted Average Net Coupon 2.949507% Weighted Average Pass-Through Rate 2.949507% Weighted Average Maturity(Stepdown Calculation ) 289 Beginning Scheduled Collateral Loan Count 849 Number Of Loans Paid In Full 10 Ending Scheduled Collateral Loan Count 839 Beginning Scheduled Collateral Balance 283,711,041.51 Ending Scheduled Collateral Balance 280,896,240.29 Ending Actual Collateral Balance at 02-Jun-2003 280,896,240.29 Monthly P &I Constant 785,999.47 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 280,896,240.29 Scheduled Principal 0.00 Unscheduled Principal 2,814,801.22
Miscellaneous Reporting Senior Percentage Group I 92.271605% Senior Percentage Group II 91.758197% Senior Prep Percentage Group I 100.000000% Senior Prep Percentage Group II 100.000000% Subordinate Percentage Group I 7.728395% Subordinate Percentage Group II 8.241803% Subordinate Prep Percentage Group I 0.000000% Subordinate Prep Percentage Group II 0.000000%
Group Level Collateral Statement Group Group I Group II Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.319161 3.353777 3.324507 Weighted Average Net Rate 2.944161 2.978777 2.949507 Pass-Through Rate 2.944161 2.978777 2.949507 Weighted Average Maturity 289 291 289 Beginning Loan Count 696 153 849 Loans Paid In Full 9 1 10 Ending Loan Count 687 152 839 Beginning Scheduled Balance 239,898,170.59 43,812,870.92 283,711,041.51 Ending scheduled Balance 237,521,292.59 43,374,947.70 280,896,240.29 Record Date 06/02/2003 06/02/2003 06/02/2003 Principal And Interest Constant 663,550.64 122,448.83 785,999.47 Scheduled Principal 0.00 0.00 0.00 Unscheduled Principal 2,376,878.00 437,923.22 2,814,801.22 Scheduled Interest 663,550.64 122,448.83 785,999.47 Servicing Fees 74,968.18 13,691.52 88,659.70 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 588,582.46 108,757.31 697,339.77 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
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