-----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, WvoEEXvBPyVSF2xWCpJJAw2vD5kv4XPKhfL8zEadGSQcZuwCczwYAMF12xLZ2czx zb7l3zowylnFdlMYG6ndVg== 0001056404-03-001435.txt : 20030811 0001056404-03-001435.hdr.sgml : 20030811 20030811063734 ACCESSION NUMBER: 0001056404-03-001435 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-9 CENTRAL INDEX KEY: 0001194585 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-10 FILM NUMBER: 03833136 BUSINESS ADDRESS: STREET 1: 383 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10179 BUSINESS PHONE: 2122722000 8-K 1 bst02009.txt JULY 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): July 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-9 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-10 90-0072842 Pooling and Servicing Agreement) (Commission 80-0062046 (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 July 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-9 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 2002-9 Trust, relating to the July 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 2002-9 Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 7/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-9 Trust, relating to the July 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 BST Series: 2002-9 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 07384MPN6 SEN 4.98093% 47,380,212.85 196,655.33 5,976,363.12 II-A 07384MPP1 SEN 5.35905% 216,830,910.61 968,293.45 17,104,908.45 III-A 07384MPQ9 SEN 5.65000% 70,450,442.82 331,688.32 6,047,739.07 III-X 07384MPS5 IO 0.12485% 0.00 7,329.59 0.00 IV-A 07384MPT3 SEN 6.03710% 40,608,313.03 204,287.36 2,890,354.62 R-I 07384MPU0 SEN 5.02410% 0.00 0.00 0.00 R-II 07384MPV8 SEN 5.02410% 0.00 0.00 0.00 R-III 07384MQD7 SEN 5.02410% 0.00 0.00 0.00 A-5 07384MPW6 MEZ 5.41915% 12,627,940.58 57,024.53 10,950.60 B-1 07384MPX4 SUB 5.41915% 9,786,673.80 44,194.10 8,486.73 B-2 07384MPY2 SUB 5.41915% 4,735,378.47 21,383.75 4,106.39 B-3 07384MPZ9 SUB 5.41915% 3,156,885.89 14,255.68 2,737.56 B-4 07384MQA3 SUB 5.41915% 1,894,310.19 8,554.22 1,642.69 B-5 07384MQB1 SUB 5.41915% 1,262,774.21 5,702.36 1,095.04 B-6 07384MQC9 SUB 5.41915% 1,262,926.79 5,703.05 1,095.18 Totals 409,996,769.24 1,865,071.74 32,049,479.45
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 41,403,849.73 6,173,018.45 0.00 II-A 0.00 199,726,002.16 18,073,201.90 0.00 III-A 0.00 64,402,703.75 6,379,427.39 0.00 III-X 0.00 0.00 7,329.59 0.00 IV-A 0.00 37,717,958.41 3,094,641.98 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 A-5 0.00 12,616,989.99 67,975.13 0.00 B-1 0.00 9,778,187.07 52,680.83 0.00 B-2 0.00 4,731,272.08 25,490.14 0.00 B-3 0.00 3,154,148.33 16,993.24 0.00 B-4 0.00 1,892,667.50 10,196.91 0.00 B-5 0.00 1,261,679.17 6,797.40 0.00 B-6 0.00 1,261,831.61 6,798.23 0.00 Totals 0.00 377,947,289.80 33,914,551.19 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 120,952,700.00 47,380,212.85 61,255.00 5,915,108.12 0.00 0.00 II-A 321,372,500.00 216,830,910.61 204,380.52 16,900,527.93 0.00 0.00 III-A 100,394,800.00 70,450,442.82 31,201.39 6,016,537.68 0.00 0.00 III-X 0.00 0.00 0.00 0.00 0.00 0.00 IV-A 58,445,200.00 40,608,313.03 12,546.13 2,877,808.49 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 A-5 12,723,200.00 12,627,940.58 10,950.60 0.00 0.00 0.00 B-1 9,860,500.00 9,786,673.80 8,486.73 0.00 0.00 0.00 B-2 4,771,100.00 4,735,378.47 4,106.39 0.00 0.00 0.00 B-3 3,180,700.00 3,156,885.89 2,737.56 0.00 0.00 0.00 B-4 1,908,600.00 1,894,310.19 1,642.69 0.00 0.00 0.00 B-5 1,272,300.00 1,262,774.21 1,095.04 0.00 0.00 0.00 B-6 1,272,453.98 1,262,926.79 1,095.18 0.00 0.00 0.00 Totals 636,154,203.98 409,996,769.24 339,497.23 31,709,982.22 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 I-A 5,976,363.12 41,403,849.73 0.34231439 5,976,363.12 II-A 17,104,908.45 199,726,002.16 0.62147820 17,104,908.45 III-A 6,047,739.07 64,402,703.75 0.64149442 6,047,739.07 III-X 0.00 0.00 0.00000000 0.00 IV-A 2,890,354.62 37,717,958.41 0.64535596 2,890,354.62 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 A-5 10,950.60 12,616,989.99 0.99165226 10,950.60 B-1 8,486.73 9,778,187.07 0.99165226 8,486.73 B-2 4,106.39 4,731,272.08 0.99165226 4,106.39 B-3 2,737.56 3,154,148.33 0.99165226 2,737.56 B-4 1,642.69 1,892,667.50 0.99165226 1,642.69 B-5 1,095.04 1,261,679.17 0.99165226 1,095.04 B-6 1,095.18 1,261,831.61 0.99165206 1,095.18 Totals 32,049,479.45 377,947,289.80 0.59411270 32,049,479.45
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 120,952,700.00 391.72513594 0.50643764 48.90430821 0.00000000 II-A 321,372,500.00 674.70275338 0.63596145 52.58859401 0.00000000 III-A 100,394,800.00 701.73398244 0.31078691 59.92877798 0.00000000 III-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 58,445,200.00 694.81006190 0.21466485 49.23943267 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 A-5 12,723,200.00 992.51293543 0.86067970 0.00000000 0.00000000 B-1 9,860,500.00 992.51293545 0.86067948 0.00000000 0.00000000 B-2 4,771,100.00 992.51293622 0.86067993 0.00000000 0.00000000 B-3 3,180,700.00 992.51293426 0.86067847 0.00000000 0.00000000 B-4 1,908,600.00 992.51293618 0.86067798 0.00000000 0.00000000 B-5 1,272,300.00 992.51293720 0.86067751 0.00000000 0.00000000 B-6 1,272,453.98 992.51274298 0.86068339 0.00000000 0.00000000
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 49.41074585 342.31439009 0.34231439 49.41074585 II-A 0.00000000 53.22455546 621.47819792 0.62147820 53.22455546 III-A 0.00000000 60.23956490 641.49441754 0.64149442 60.23956490 III-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 IV-A 0.00000000 49.45409751 645.35596439 0.64535596 49.45409751 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 A-5 0.00000000 0.86067970 991.65225651 0.99165226 0.86067970 B-1 0.00000000 0.86067948 991.65225597 0.99165226 0.86067948 B-2 0.00000000 0.86067993 991.65225629 0.99165226 0.86067993 B-3 0.00000000 0.86067847 991.65225579 0.99165226 0.86067847 B-4 0.00000000 0.86067798 991.65225820 0.99165226 0.86067798 B-5 0.00000000 0.86067751 991.65225969 0.99165226 0.86067751 B-6 0.00000000 0.86068339 991.65205959 0.99165206 0.86068339 (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 120,952,700.00 4.98093% 47,380,212.85 196,664.73 0.00 0.00 II-A 321,372,500.00 5.35905% 216,830,910.61 968,339.71 0.00 0.00 III-A 100,394,800.00 5.65000% 70,450,442.82 331,704.17 0.00 0.00 III-X 0.00 0.12485% 70,450,442.82 7,329.94 0.00 0.00 IV-A 58,445,200.00 6.03710% 40,608,313.03 204,297.12 0.00 0.00 R-I 50.00 5.02410% 0.00 0.00 0.00 0.00 R-II 50.00 5.02410% 0.00 0.00 0.00 0.00 R-III 50.00 5.02410% 0.00 0.00 0.00 0.00 A-5 12,723,200.00 5.41915% 12,627,940.58 57,027.25 0.00 0.00 B-1 9,860,500.00 5.41915% 9,786,673.80 44,196.21 0.00 0.00 B-2 4,771,100.00 5.41915% 4,735,378.47 21,384.77 0.00 0.00 B-3 3,180,700.00 5.41915% 3,156,885.89 14,256.37 0.00 0.00 B-4 1,908,600.00 5.41915% 1,894,310.19 8,554.63 0.00 0.00 B-5 1,272,300.00 5.41915% 1,262,774.21 5,702.64 0.00 0.00 B-6 1,272,453.98 5.41915% 1,262,926.79 5,703.32 0.00 0.00 Totals 636,154,203.98 1,865,160.86 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 9.39 0.00 196,655.33 0.00 41,403,849.73 II-A 46.26 0.00 968,293.45 0.00 199,726,002.16 III-A 15.85 0.00 331,688.32 0.00 64,402,703.75 III-X 0.35 0.00 7,329.59 0.00 64,402,703.75 IV-A 9.76 0.00 204,287.36 0.00 37,717,958.41 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 A-5 2.72 0.00 57,024.53 0.00 12,616,989.99 B-1 2.11 0.00 44,194.10 0.00 9,778,187.07 B-2 1.02 0.00 21,383.75 0.00 4,731,272.08 B-3 0.68 0.00 14,255.68 0.00 3,154,148.33 B-4 0.41 0.00 8,554.22 0.00 1,892,667.50 B-5 0.27 0.00 5,702.36 0.00 1,261,679.17 B-6 0.27 0.00 5,703.05 0.00 1,261,831.61 Totals 89.09 0.00 1,865,071.74 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 120,952,700.00 4.98093% 391.72513594 1.62596395 0.00000000 0.00000000 II-A 321,372,500.00 5.35905% 674.70275338 3.01313806 0.00000000 0.00000000 III-A 100,394,800.00 5.65000% 701.73398244 3.30399752 0.00000000 0.00000000 III-X 0.00 0.12485% 701.73398244 0.07301115 0.00000000 0.00000000 IV-A 58,445,200.00 6.03710% 694.81006190 3.49553291 0.00000000 0.00000000 R-I 50.00 5.02410% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.02410% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 5.02410% 0.00000000 0.00000000 0.00000000 0.00000000 A-5 12,723,200.00 5.41915% 992.51293543 4.48214679 0.00000000 0.00000000 B-1 9,860,500.00 5.41915% 992.51293545 4.48214695 0.00000000 0.00000000 B-2 4,771,100.00 5.41915% 992.51293622 4.48214667 0.00000000 0.00000000 B-3 3,180,700.00 5.41915% 992.51293426 4.48214858 0.00000000 0.00000000 B-4 1,908,600.00 5.41915% 992.51293618 4.48214922 0.00000000 0.00000000 B-5 1,272,300.00 5.41915% 992.51293720 4.48215044 0.00000000 0.00000000 B-6 1,272,453.98 5.41915% 992.51274298 4.48214245 0.00000000 0.00000000 (5) Per $1 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 0.00007763 0.00000000 1.62588623 0.00000000 342.31439009 II-A 0.00014395 0.00000000 3.01299411 0.00000000 621.47819792 III-A 0.00015788 0.00000000 3.30383964 0.00000000 641.49441754 III-X 0.00000349 0.00000000 0.07300767 0.00000000 641.49441754 IV-A 0.00016699 0.00000000 3.49536592 0.00000000 645.35596439 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 A-5 0.00021378 0.00000000 4.48193300 0.00000000 991.65225651 B-1 0.00021399 0.00000000 4.48193296 0.00000000 991.65225597 B-2 0.00021379 0.00000000 4.48193289 0.00000000 991.65225629 B-3 0.00021379 0.00000000 4.48193165 0.00000000 991.65225579 B-4 0.00021482 0.00000000 4.48193440 0.00000000 991.65225820 B-5 0.00021221 0.00000000 4.48193036 0.00000000 991.65225969 B-6 0.00021219 0.00000000 4.48193026 0.00000000 991.65205959 (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 34,022,134.39 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,577.10 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 34,033,711.49 Withdrawals Reimbursement for Servicer Advances 9,387.01 Payment of Service Fee 109,773.27 Payment of Interest and Principal 33,914,551.21 Total Withdrawals (Pool Distribution Amount) 34,033,711.49 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 89.09 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 89.09
SERVICING FEES Gross Servicing Fee 108,230.91 Additional Servicing Fee 1,542.36 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 109,773.27
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 1 0 0 0 1 763,148.32 0.00 0.00 0.00 763,148.32 60 Days 1 0 0 0 1 158,995.30 0.00 0.00 0.00 158,995.30 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 0.00 421,936.66 0.00 421,936.66 150 Days 0 1 0 0 1 0.00 716,813.99 0.00 0.00 716,813.99 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 1 1 0 4 922,143.62 716,813.99 421,936.66 0.00 2,060,894.27 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 0.106952% 0.000000% 0.000000% 0.000000% 0.106952% 0.201786% 0.000000% 0.000000% 0.000000% 0.201786% 60 Days 0.106952% 0.000000% 0.000000% 0.000000% 0.106952% 0.042040% 0.000000% 0.000000% 0.000000% 0.042040% 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% 0.106952% 0.000000% 0.106952% 0.000000% 0.000000% 0.111565% 0.000000% 0.111565% 150 Days 0.000000% 0.106952% 0.000000% 0.000000% 0.106952% 0.000000% 0.189534% 0.000000% 0.000000% 0.189534% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.213904% 0.106952% 0.106952% 0.000000% 0.427807% 0.243826% 0.189534% 0.111565% 0.000000% 0.544925%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 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 1 0 0 1 0.00 716,813.99 0.00 0.00 716,813.99 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 1 0 0 1 0.00 716,813.99 0.00 0.00 716,813.99 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% 0.961538% 0.000000% 0.000000% 0.961538% 0.000000% 1.480552% 0.000000% 0.000000% 1.480552% 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% 0.961538% 0.000000% 0.000000% 0.961538% 0.000000% 1.480552% 0.000000% 0.000000% 1.480552% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 763,148.32 0.00 0.00 0.00 763,148.32 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 0.00 421,936.66 0.00 421,936.66 150 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 1 0 2 763,148.32 0.00 421,936.66 0.00 1,185,084.98 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.181488% 0.000000% 0.000000% 0.000000% 0.181488% 0.349403% 0.000000% 0.000000% 0.000000% 0.349403% 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% 0.181488% 0.000000% 0.181488% 0.000000% 0.000000% 0.193181% 0.000000% 0.193181% 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 0.181488% 0.000000% 0.181488% 0.000000% 0.362976% 0.349403% 0.000000% 0.193181% 0.000000% 0.542584% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 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 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 1 0 0 0 1 158,995.30 0.00 0.00 0.00 158,995.30 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 1 158,995.30 0.00 0.00 0.00 158,995.30 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 1.052632% 0.000000% 0.000000% 0.000000% 1.052632% 0.386670% 0.000000% 0.000000% 0.000000% 0.386670% 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 1.052632% 0.000000% 0.000000% 0.000000% 1.052632% 0.386670% 0.000000% 0.000000% 0.000000% 0.386670%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 11,577.10
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 502,478,303.98 78.98687155% 323,926,450.08 85.70677944% 10.954927% 0.000000% Class 2A 181,105,803.98 28.46885281% 124,200,447.92 32.86184377% 52.844936% 575.632744% Class 3A 80,711,003.98 12.68733327% 59,797,744.17 15.82171530% 17.040128% 185.615817% Class B-1 12,405,303.98 1.95004669% 12,301,598.69 3.25484506% 2.587183% 28.181832% Class B-2 7,634,203.98 1.20005557% 7,570,326.61 2.00301122% 1.251834% 13.636057% Class B-3 4,453,503.98 0.70006674% 4,416,178.28 1.16846407% 0.834547% 9.090609% Class B-4 2,544,903.98 0.40004514% 2,523,510.78 0.66768855% 0.500776% 5.454880% Class B-5 1,272,603.98 0.20004646% 1,261,831.61 0.33386444% 0.333824% 3.636301% Class B-6 150.00 0.00002358% 0.00 0.00000000% 0.333864% 3.636740% Class R-I 100.00 0.00001572% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 50.00 0.00000786% 0.00 0.00000000% 0.000000% 0.000000% Class R-III 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 5.780341% Weighted Average Net Coupon 5.463565% Weighted Average Pass-Through Rate 5.459050% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 1,009 Number Of Loans Paid In Full 74 Ending Scheduled Collateral Loan Count 935 Beginning Scheduled Collateral Balance 409,996,769.25 Ending Scheduled Collateral Balance 377,947,289.80 Ending Actual Collateral Balance at 30-Jun-2003 378,197,789.02 Monthly P &I Constant 2,314,431.37 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 33,727,700.92 Ending Scheduled Balance for Premium Loans 377,947,289.80 Scheduled Principal 339,497.23 Unscheduled Principal 31,709,982.22
Miscellaneous Reporting Average Loss Severity 0 Senior Perecntage Group 1 87.183561% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 12.816439% Subordinate Prepayment PCT Group 1 0.000000% Senior Perecntage Group 2 92.119782% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 7.880218% Subordinate Prepayment PCT Group 2 0.000000% Senior Perecntage Group 3 92.368747% Senior Prepayment Percentage Group 3 100.000000% Subordinate Percentage Group 3 7.631253% Subordinate Prepayment PCT Group 3 0.000000% Senior Perecntage Group 4 92.289020% Senior Prepayment Percentage Group 4 100.000000% Subordinate Percentage Group 4 7.710980% Subordinate Prepayment PCT Group 4 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.332510 5.657549 6.139828 Weighted Average Net Rate 4.989695 5.363357 5.774853 Weighted Average Maturity 349 349 349 Beginning Loan Count 116 594 198 Loans Paid In Full 12 43 13 Ending Loan Count 104 551 185 Beginning Scheduled Balance 54,345,351.48 235,379,312.64 76,270,865.40 Ending scheduled Balance 48,359,983.56 218,256,920.83 70,220,548.56 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 311,757.39 1,331,588.79 424,020.81 Scheduled Principal 70,259.80 221,863.88 33,779.16 Unscheduled Principal 5,915,108.12 16,900,527.93 6,016,537.68 Scheduled Interest 241,497.59 1,109,724.91 390,241.65 Servicing Fees 15,525.32 57,705.42 23,197.48 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 396.80 844.94 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 225,575.47 1,051,174.55 367,044.17 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 4.980933 5.359050 5.774853
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.367184 5.780341 Weighted Average Net Rate 6.045301 5.463565 Weighted Average Maturity 349 349 Beginning Loan Count 101 1,009 Loans Paid In Full 6 74 Ending Loan Count 95 935 Beginning Scheduled Balance 44,001,239.73 409,996,769.25 Ending scheduled Balance 41,109,836.85 377,947,289.80 Record Date 06/30/2003 06/30/2003 Principal And Interest Constant 247,064.38 2,314,431.37 Scheduled Principal 13,594.39 339,497.23 Unscheduled Principal 2,877,808.49 31,709,982.22 Scheduled Interest 233,469.99 1,974,934.14 Servicing Fees 11,802.69 108,230.91 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 300.62 1,542.36 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 221,366.68 1,865,160.87 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 6.037103 5.459050
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