-----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, UA7POtfLLI04s6zUpK5/U7ID0L6IPhphJXFDen39UnawNileveA144vVSDkFXvVu Lrt5tkk5Em1a6rSyzzA7MQ== 0001056404-03-001434.txt : 20030811 0001056404-03-001434.hdr.sgml : 20030811 20030811063551 ACCESSION NUMBER: 0001056404-03-001434 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 2002-10 CENTRAL INDEX KEY: 0001202818 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133633241 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-12 FILM NUMBER: 03833133 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 MAIL ADDRESS: STREET 1: 383 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst02010.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 2002-10 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-12 90-0082673 Pooling and Servicing Agreement) (Commission 90-0082688 (State or other File Number) 90-0072852 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 July 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-10 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 2002-10 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 2002-10 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 2002-10 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: 2002-10 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 07384MQE5 SEN 4.75177% 101,037,466.26 400,088.91 11,556,517.25 II-A-1 07384MQF2 SEN 5.29554% 17,656,436.14 77,916.97 1,332,252.20 II-A-2 07384MQV7 SEN 4.51954% 96,490,799.14 363,411.68 7,280,635.73 II-X 07384MQH8 SEN 0.77600% 0.00 62,397.38 0.00 III-A 07384MQG0 SEN 5.38520% 94,414,109.25 423,698.91 3,198,426.51 R-I 07384MQJ4 RES 4.74440% 0.00 0.00 0.00 R-II 07384MQK1 RES 4.74440% 0.00 0.00 0.00 R-III 07384MQW5 RES 4.74440% 0.00 0.00 0.00 B-1 07384MQL9 SUB 5.07463% 6,650,956.27 28,125.94 6,384.31 B-2 07384MQM7 SUB 5.07463% 4,092,926.70 17,308.40 3,928.83 B-3 07384MQN5 SUB 5.07463% 2,813,713.41 11,898.79 2,700.91 B-4 07384MQP0 SUB 5.07463% 1,023,231.68 4,327.10 982.21 B-5 07384MQR6 SUB 5.07463% 1,023,231.68 4,327.10 982.21 B-6 07384MQT2 SUB 5.07463% 1,023,374.97 4,327.71 982.35 Totals 326,226,245.50 1,397,828.89 23,383,792.51
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 89,480,949.01 11,956,606.16 0.00 II-A-1 0.00 16,324,183.94 1,410,169.17 0.00 II-A-2 0.00 89,210,163.41 7,644,047.41 0.00 II-X 0.00 0.00 62,397.38 0.00 III-A 0.00 91,215,682.74 3,622,125.42 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 B-1 0.00 6,644,571.96 34,510.25 0.00 B-2 0.00 4,088,997.87 21,237.23 0.00 B-3 0.00 2,811,012.50 14,599.70 0.00 B-4 0.00 1,022,249.47 5,309.31 0.00 B-5 0.00 1,022,249.47 5,309.31 0.00 B-6 0.00 1,022,392.63 5,310.06 0.00 Totals 0.00 302,842,453.00 24,781,621.40 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 222,134,800.00 101,037,466.26 127,164.36 11,429,352.89 0.00 0.00 II-A-1 25,000,000.00 17,656,436.14 16,738.29 1,315,513.91 0.00 0.00 II-A-2 136,622,700.00 96,490,799.14 91,473.22 7,189,162.51 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 III-A 114,934,600.00 94,414,109.25 38,054.01 3,160,372.50 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 100.00 0.00 0.00 0.00 0.00 0.00 B-1 6,700,800.00 6,650,956.27 6,384.31 0.00 0.00 0.00 B-2 4,123,600.00 4,092,926.70 3,928.83 0.00 0.00 0.00 B-3 2,834,800.00 2,813,713.41 2,700.91 0.00 0.00 0.00 B-4 1,030,900.00 1,023,231.68 982.21 0.00 0.00 0.00 B-5 1,030,900.00 1,023,231.68 982.21 0.00 0.00 0.00 B-6 1,031,044.46 1,023,374.97 982.35 0.00 0.00 0.00 Totals 515,444,344.46 326,226,245.50 289,390.70 23,094,401.81 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 11,556,517.25 89,480,949.01 0.40282274 11,556,517.25 II-A-1 1,332,252.20 16,324,183.94 0.65296736 1,332,252.20 II-A-2 7,280,635.73 89,210,163.41 0.65296736 7,280,635.73 II-X 0.00 0.00 0.00000000 0.00 III-A 3,198,426.51 91,215,682.74 0.79363118 3,198,426.51 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 B-1 6,384.31 6,644,571.96 0.99160876 6,384.31 B-2 3,928.83 4,088,997.87 0.99160876 3,928.83 B-3 2,700.91 2,811,012.50 0.99160876 2,700.91 B-4 982.21 1,022,249.47 0.99160876 982.21 B-5 982.21 1,022,249.47 0.99160876 982.21 B-6 982.35 1,022,392.63 0.99160867 982.35 Totals 23,383,792.51 302,842,453.00 0.58753667 23,383,792.51
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 222,134,800.00 454.84753519 0.57246483 51.45232935 0.00000000 II-A-1 25,000,000.00 706.25744560 0.66953160 52.62055640 0.00000000 II-A-2 136,622,700.00 706.25744580 0.66953164 52.62055654 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 III-A 114,934,600.00 821.45941475 0.33109273 27.49713750 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 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 992.56152549 0.95276833 0.00000000 0.00000000 B-2 4,123,600.00 992.56152391 0.95276700 0.00000000 0.00000000 B-3 2,834,800.00 992.56152462 0.95276915 0.00000000 0.00000000 B-4 1,030,900.00 992.56152876 0.95276942 0.00000000 0.00000000 B-5 1,030,900.00 992.56152876 0.95276942 0.00000000 0.00000000 B-6 1,031,044.46 992.56143620 0.95277172 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 52.02479418 402.82274101 0.40282274 52.02479418 II-A-1 0.00000000 53.29008800 652.96735760 0.65296736 53.29008800 II-A-2 0.00000000 53.29008818 652.96735762 0.65296736 53.29008818 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 III-A 0.00000000 27.82823023 793.63118452 0.79363118 27.82823023 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 B-1 0.00000000 0.95276833 991.60875716 0.99160876 0.95276833 B-2 0.00000000 0.95276700 991.60875691 0.99160876 0.95276700 B-3 0.00000000 0.95276915 991.60875547 0.99160876 0.95276915 B-4 0.00000000 0.95276942 991.60875934 0.99160876 0.95276942 B-5 0.00000000 0.95276942 991.60875934 0.99160876 0.95276942 B-6 0.00000000 0.95277172 991.60867418 0.99160867 0.95277172 (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 222,134,800.00 4.75177% 101,037,466.26 400,088.91 0.00 0.00 II-A-1 25,000,000.00 5.29554% 17,656,436.14 77,916.97 0.00 0.00 II-A-2 136,622,700.00 4.51954% 96,490,799.14 363,411.68 0.00 0.00 II-X 0.00 0.77600% 96,490,799.14 62,397.38 0.00 0.00 III-A 114,934,600.00 5.38520% 94,414,109.25 423,698.91 0.00 0.00 R-I 50.00 4.74440% 0.00 0.00 0.00 0.00 R-II 50.00 4.74440% 0.00 0.00 0.00 0.00 R-III 100.00 4.74440% 0.00 0.00 0.00 0.00 B-1 6,700,800.00 5.07463% 6,650,956.27 28,125.94 0.00 0.00 B-2 4,123,600.00 5.07463% 4,092,926.70 17,308.40 0.00 0.00 B-3 2,834,800.00 5.07463% 2,813,713.41 11,898.79 0.00 0.00 B-4 1,030,900.00 5.07463% 1,023,231.68 4,327.10 0.00 0.00 B-5 1,030,900.00 5.07463% 1,023,231.68 4,327.10 0.00 0.00 B-6 1,031,044.46 5.07463% 1,023,374.97 4,327.71 0.00 0.00 Totals 515,444,344.46 1,397,828.89 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance I-A 0.00 0.00 400,088.91 0.00 89,480,949.01 II-A-1 0.00 0.00 77,916.97 0.00 16,324,183.94 II-A-2 0.00 0.00 363,411.68 0.00 89,210,163.41 II-X 0.00 0.00 62,397.38 0.00 89,210,163.41 III-A 0.00 0.00 423,698.91 0.00 91,215,682.74 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 B-1 0.00 0.00 28,125.94 0.00 6,644,571.96 B-2 0.00 0.00 17,308.40 0.00 4,088,997.87 B-3 0.00 0.00 11,898.79 0.00 2,811,012.50 B-4 0.00 0.00 4,327.10 0.00 1,022,249.47 B-5 0.00 0.00 4,327.10 0.00 1,022,249.47 B-6 0.00 0.00 4,327.71 0.00 1,022,392.63 Totals 0.00 0.00 1,397,828.89 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 222,134,800.00 4.75177% 454.84753519 1.80110865 0.00000000 0.00000000 II-A-1 25,000,000.00 5.29554% 706.25744560 3.11667880 0.00000000 0.00000000 II-A-2 136,622,700.00 4.51954% 706.25744580 2.65996558 0.00000000 0.00000000 II-X 0.00 0.77600% 706.25744580 0.45671312 0.00000000 0.00000000 III-A 114,934,600.00 5.38520% 821.45941475 3.68643481 0.00000000 0.00000000 R-I 50.00 4.74440% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.74440% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 100.00 4.74440% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 6,700,800.00 5.07463% 992.56152549 4.19740031 0.00000000 0.00000000 B-2 4,123,600.00 5.07463% 992.56152391 4.19740033 0.00000000 0.00000000 B-3 2,834,800.00 5.07463% 992.56152462 4.19740017 0.00000000 0.00000000 B-4 1,030,900.00 5.07463% 992.56152876 4.19740033 0.00000000 0.00000000 B-5 1,030,900.00 5.07463% 992.56152876 4.19740033 0.00000000 0.00000000 B-6 1,031,044.46 5.07463% 992.56143620 4.19740386 0.00000000 0.00000000 2) All Senior Classes are per $1,000 denomination, all Offered Subordinate Classes are $25,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000000 0.00000000 1.80110865 0.00000000 402.82274101 II-A-1 0.00000000 0.00000000 3.11667880 0.00000000 652.96735760 II-A-2 0.00000000 0.00000000 2.65996558 0.00000000 652.96735762 II-X 0.00000000 0.00000000 0.45671312 0.00000000 652.96735762 III-A 0.00000000 0.00000000 3.68643481 0.00000000 793.63118452 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 B-1 0.00000000 0.00000000 4.19740031 0.00000000 991.60875716 B-2 0.00000000 0.00000000 4.19740033 0.00000000 991.60875691 B-3 0.00000000 0.00000000 4.19740017 0.00000000 991.60875547 B-4 0.00000000 0.00000000 4.19740033 0.00000000 991.60875934 B-5 0.00000000 0.00000000 4.19740033 0.00000000 991.60875934 B-6 0.00000000 0.00000000 4.19740386 0.00000000 991.60867418 (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 24,820,689.95 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 23,130.32 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 24,843,820.27 Withdrawals Reimbursement for Servicer Advances 24,747.87 Payment of Service Fee 37,451.00 Payment of Interest and Principal 24,781,621.40 Total Withdrawals (Pool Distribution Amount) 24,843,820.27 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 50,656.81 Servicing Fee Support 50,656.81 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 86,545.76 Special Servicing fee 1,562.05 Supported Prepayment/Curtailment Interest Shortfall 50,656.81 Net Servicing Fee 37,451.00
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 3,538,905.82 0.00 0.00 0.00 3,538,905.82 60 Days 2 0 0 0 2 844,416.03 0.00 0.00 0.00 844,416.03 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 9 0 0 0 9 4,383,321.85 0.00 0.00 0.00 4,383,321.85 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 0.964187% 0.000000% 0.000000% 0.000000% 0.964187% 1.167678% 0.000000% 0.000000% 0.000000% 1.167678% 60 Days 0.275482% 0.000000% 0.000000% 0.000000% 0.275482% 0.278619% 0.000000% 0.000000% 0.000000% 0.278619% 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 1.239669% 0.000000% 0.000000% 0.000000% 1.239669% 1.446298% 0.000000% 0.000000% 0.000000% 1.446298%
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 2 0 0 0 2 911,973.25 0.00 0.00 0.00 911,973.25 60 Days 1 0 0 0 1 521,211.04 0.00 0.00 0.00 521,211.04 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 3 0 0 0 3 1,433,184.29 0.00 0.00 0.00 1,433,184.29 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.010101% 0.000000% 0.000000% 0.000000% 1.010101% 0.940459% 0.000000% 0.000000% 0.000000% 0.940459% 60 Days 0.505051% 0.000000% 0.000000% 0.000000% 0.505051% 0.537491% 0.000000% 0.000000% 0.000000% 0.537491% 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 1.515152% 0.000000% 0.000000% 0.000000% 1.515152% 1.477950% 0.000000% 0.000000% 0.000000% 1.477950% 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 3 0 0 0 3 1,347,932.57 0.00 0.00 0.00 1,347,932.57 60 Days 1 0 0 0 1 323,204.99 0.00 0.00 0.00 323,204.99 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 4 0 0 0 4 1,671,137.56 0.00 0.00 0.00 1,671,137.56 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.052632% 0.000000% 0.000000% 0.000000% 1.052632% 1.214278% 0.000000% 0.000000% 0.000000% 1.214278% 60 Days 0.350877% 0.000000% 0.000000% 0.000000% 0.350877% 0.291157% 0.000000% 0.000000% 0.000000% 0.291157% 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 1.403509% 0.000000% 0.000000% 0.000000% 1.403509% 1.505435% 0.000000% 0.000000% 0.000000% 1.505435% 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 2 0 0 0 2 1,279,000.00 0.00 0.00 0.00 1,279,000.00 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 2 0 0 0 2 1,279,000.00 0.00 0.00 0.00 1,279,000.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.823045% 0.000000% 0.000000% 0.000000% 0.823045% 1.344987% 0.000000% 0.000000% 0.000000% 1.344987% 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 0.823045% 0.000000% 0.000000% 0.000000% 0.823045% 1.344987% 0.000000% 0.000000% 0.000000% 1.344987%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 23,130.32
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 293,309,544.46 56.90421238% 213,361,503.99 70.45297047% 29.547030% 0.000000% Class 2A1 268,309,544.46 52.05402821% 197,037,320.05 65.06264828% 5.390322% 98.270533% Class 2A2 131,686,844.46 25.54821794% 107,827,156.64 35.60503343% 29.457615% 537.039422% Class 3A 16,752,244.46 3.25005884% 16,611,473.90 5.48518668% 30.119847% 549.112519% Class B-1 10,051,444.46 1.95005427% 9,966,901.94 3.29111782% 2.194069% 39.999894% Class B-2 5,927,844.46 1.15004549% 5,877,904.07 1.94091152% 1.350206% 24.615503% Class B-3 3,093,044.46 0.60007341% 3,066,891.57 1.01270200% 0.928210% 16.922114% Class B-4 2,062,144.46 0.40007122% 2,044,642.10 0.67515042% 0.337552% 6.153876% Class B-5 1,031,244.46 0.20006902% 1,022,392.63 0.33759885% 0.337552% 6.153876% Class B-6 200.00 0.00003880% 0.00 0.00000000% 0.337599% 6.154738% Class R-I 150.00 0.00002910% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 100.00 0.00001940% 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 5.468496% Weighted Average Net Coupon 5.150144% Weighted Average Pass-Through Rate 5.141814% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 780 Number Of Loans Paid In Full 54 Ending Scheduled Collateral Loan Count 726 Beginning Scheduled Collateral Balance 326,226,245.50 Ending Scheduled Collateral Balance 302,842,453.00 Ending Actual Collateral Balance at 30-Jun-2003 303,071,936.02 Monthly P &I Constant 1,776,029.77 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 24,695,345.55 Ending Scheduled Balance for Premium Loans 302,842,453.00 Scheduled Principal 289,390.69 Unscheduled Principal 23,094,401.81
Miscellaneous Reporting Average Loss Severity 0.00 Senior Percentage Group 1 93.184787% Senior Percentage Group 2 95.491212% Senior Percentage Group 3 96.083710% Senior Prep. Percentage Group 1 100.000000% Senior Prep. Percentage Group 2 100.000000% Senior Prep. Percentage Group 3 100.000000% Subordinate Percentage Group 1 6.815213% Subordinate Percentage Group 2 4.508788% Subordinate Percentage Group 3 3.916290% Subordinate Prep. Percentage Group 1 0.000000% Subordinate Prep. Percentage Group 2 0.000000% Subordinate Prep. Percentage Group 3 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 5.108963 5.566961 5.745436 Weighted Average Net Rate 4.751769 5.312398 5.392344 Weighted Average Maturity 349 351 350 Beginning Loan Count 223 308 249 Loans Paid In Full 25 23 6 Ending Loan Count 198 285 243 Beginning Scheduled Balance 108,426,997.24 119,536,900.56 98,262,347.70 Ending scheduled Balance 96,861,179.63 110,918,903.23 95,062,370.14 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 598,089.35 667,868.64 510,071.78 Scheduled Principal 136,464.72 113,320.91 39,605.06 Unscheduled Principal 11,429,352.89 8,504,676.42 3,160,372.50 Scheduled Interest 461,624.63 554,547.73 470,466.72 Servicing Fees 32,274.61 25,358.10 28,913.05 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 1,679.27 585.15 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 429,350.02 527,510.36 440,968.52 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 4.751769 5.295540 5.385198
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 5.468496 Weighted Average Net Rate 5.150144 Weighted Average Maturity 350 Beginning Loan Count 780 Loans Paid In Full 54 Ending Loan Count 726 Beginning Scheduled Balance 326,226,245.50 Ending scheduled Balance 302,842,453.00 Record Date 06/30/2003 Principal And Interest Constant 1,776,029.77 Scheduled Principal 289,390.69 Unscheduled Principal 23,094,401.81 Scheduled Interest 1,486,639.08 Servicing Fees 86,545.76 Master Servicing Fees 0.00 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 2,264.42 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,397,828.90 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 5.141814
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