-----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, QeHqxe+lSW/HT2EV+tveUi4btwjzshmcTS1C+jzPioxWkSWIsioUlwA7qkSIpWJ7 6WAdc2gxsu/0cNiNC3c5qA== 0001056404-03-000966.txt : 20030604 0001056404-03-000966.hdr.sgml : 20030604 20030604154947 ACCESSION NUMBER: 0001056404-03-000966 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030525 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: THORNBURG MORTGAGE SECURITIES TRUST 2002-4 CENTRAL INDEX KEY: 0001207971 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: 333-56240-09 FILM NUMBER: 03732621 BUSINESS ADDRESS: STREET 1: 245 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 11201 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET MORT INV INC MORT PASS THR CERT SER 2002-4 DATE OF NAME CHANGE: 20021127 8-K 1 thb02004.txt MAY 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): May 27, 2003 THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-56240-09 Pooling and Servicing Agreement) (Commission Pending (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 May 27, 2003 a distribution was made to holders of THORNBURG MORTGAGE SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2002-4 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-4 Trust, relating to the May 27, 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. THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-4 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 5/28/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-4 Trust, relating to the May 27, 2003 distribution. EX-99.1
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 4/30/03 Distribution Date: 5/27/03 THB Series: 2002-4 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A 885220CA9 SEN 2.94420% 313,493,112.22 769,154.67 2,314,448.46 II-A 885220CB7 SEN 4.64961% 157,056,362.57 608,542.19 9,699,795.94 III-A 885220CC5 SEN 5.25629% 242,021,427.90 1,060,111.39 20,943,002.57 IV-A 885220CD3 SEN 5.62976% 14,351,613.73 67,330.10 8,418.36 B-1 885220CE1 SUB 4.22030% 10,374,977.05 36,487.94 3,176.05 B-2 885220CF8 SUB 4.22030% 6,052,053.30 21,284.57 1,852.69 B-3 885220CG6 SUB 4.22030% 3,890,591.43 13,682.89 1,191.01 B-4 885220CK7 SUB 4.22030% 1,296,996.94 4,561.43 397.04 B-5 885220CL5 SUB 4.22030% 864,464.93 3,040.25 264.63 B-6 885220CM3 SUB 4.22030% 2,594,005.86 9,122.91 794.09 R-I 885220CH4 SEN 0.00000% 0.00 0.00 0.00 R-II 885220CJ0 SEN 0.00000% 0.00 0.00 0.00 Totals 751,995,605.93 2,593,318.34 32,973,340.84
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 311,178,663.76 3,083,603.13 0.00 II-A 0.00 147,356,566.63 10,308,338.13 0.00 III-A 0.00 221,078,425.33 22,003,113.96 0.00 IV-A 0.00 14,343,195.37 75,748.46 0.00 B-1 0.00 10,371,801.00 39,663.99 0.00 B-2 0.00 6,050,200.62 23,137.26 0.00 B-3 0.00 3,889,400.42 14,873.90 0.00 B-4 0.00 1,296,599.89 4,958.47 0.00 B-5 0.00 864,200.30 3,304.88 0.00 B-6 0.00 2,593,211.77 9,917.00 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 719,022,265.09 35,566,659.18 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 328,742,400.00 313,493,112.22 20,120.54 2,294,327.92 0.00 0.00 II-A 191,023,000.00 157,056,362.57 62,846.50 9,636,949.44 0.00 0.00 III-A 305,617,600.00 242,021,427.90 123,284.03 20,819,718.54 0.00 0.00 IV-A 15,424,900.00 14,351,613.73 4,039.49 4,378.87 0.00 0.00 B-1 10,391,000.00 10,374,977.05 3,176.05 0.00 0.00 0.00 B-2 6,061,400.00 6,052,053.30 1,852.69 0.00 0.00 0.00 B-3 3,896,600.00 3,890,591.43 1,191.01 0.00 0.00 0.00 B-4 1,299,000.00 1,296,996.94 397.04 0.00 0.00 0.00 B-5 865,800.00 864,464.93 264.63 0.00 0.00 0.00 B-6 2,598,012.00 2,594,005.86 794.09 0.00 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 865,919,812.00 751,995,605.93 217,966.07 32,755,374.77 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 2,314,448.46 311,178,663.76 0.94657295 2,314,448.46 II-A 9,699,795.94 147,356,566.63 0.77140746 9,699,795.94 III-A 20,943,002.57 221,078,425.33 0.72338251 20,943,002.57 IV-A 8,418.36 14,343,195.37 0.92987283 8,418.36 B-1 3,176.05 10,371,801.00 0.99815234 3,176.05 B-2 1,852.69 6,050,200.62 0.99815234 1,852.69 B-3 1,191.01 3,889,400.42 0.99815234 1,191.01 B-4 397.04 1,296,599.89 0.99815234 397.04 B-5 264.63 864,200.30 0.99815234 264.63 B-6 794.09 2,593,211.77 0.99815234 794.09 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 32,973,340.84 719,022,265.09 0.83035664 32,973,340.84
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 328,742,400.00 953.61326139 0.06120458 6.97910559 0.00000000 II-A 191,023,000.00 822.18561414 0.32899965 50.44915764 0.00000000 III-A 305,617,600.00 791.90932688 0.40339310 68.12342790 0.00000000 IV-A 15,424,900.00 930.41859137 0.26188111 0.28388320 0.00000000 B-1 10,391,000.00 998.45799731 0.30565393 0.00000000 0.00000000 B-2 6,061,400.00 998.45799650 0.30565381 0.00000000 0.00000000 B-3 3,896,600.00 998.45799672 0.30565365 0.00000000 0.00000000 B-4 1,299,000.00 998.45799846 0.30565050 0.00000000 0.00000000 B-5 865,800.00 998.45799261 0.30564796 0.00000000 0.00000000 B-6 2,598,012.00 998.45799788 0.30565294 0.00000000 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 Classes Are Per $1000 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A 0.00000000 7.04031016 946.57295122 0.94657295 7.04031016 II-A 0.00000000 50.77815729 771.40745685 0.77140746 50.77815729 III-A 0.00000000 68.52682100 723.38250588 0.72338251 68.52682100 IV-A 0.00000000 0.54576432 929.87282705 0.92987283 0.54576432 B-1 0.00000000 0.30565393 998.15234337 0.99815234 0.30565393 B-2 0.00000000 0.30565381 998.15234434 0.99815234 0.30565381 B-3 0.00000000 0.30565365 998.15234307 0.99815234 0.30565365 B-4 0.00000000 0.30565050 998.15234026 0.99815234 0.30565050 B-5 0.00000000 0.30564796 998.15234465 0.99815234 0.30564796 B-6 0.00000000 0.30565294 998.15234495 0.99815234 0.30565294 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 328,742,400.00 2.94420% 313,493,112.22 769,154.68 0.00 0.00 II-A 191,023,000.00 4.64961% 157,056,362.57 608,542.19 0.00 0.00 III-A 305,617,600.00 5.25629% 242,021,427.90 1,060,111.39 0.00 0.00 IV-A 15,424,900.00 5.62976% 14,351,613.73 67,330.11 0.00 0.00 B-1 10,391,000.00 4.22030% 10,374,977.05 36,487.94 0.00 0.00 B-2 6,061,400.00 4.22030% 6,052,053.30 21,284.57 0.00 0.00 B-3 3,896,600.00 4.22030% 3,890,591.43 13,682.89 0.00 0.00 B-4 1,299,000.00 4.22030% 1,296,996.94 4,561.43 0.00 0.00 B-5 865,800.00 4.22030% 864,464.93 3,040.25 0.00 0.00 B-6 2,598,012.00 4.22030% 2,594,005.86 9,122.91 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 0.00000% 0.00 0.00 0.00 0.00 Totals 865,919,812.00 2,593,318.36 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 0.01 0.00 769,154.67 0.00 311,178,663.76 II-A 0.00 0.00 608,542.19 0.00 147,356,566.63 III-A 0.00 0.00 1,060,111.39 0.00 221,078,425.33 IV-A 0.00 0.00 67,330.10 0.00 14,343,195.37 B-1 0.00 0.00 36,487.94 0.00 10,371,801.00 B-2 0.00 0.00 21,284.57 0.00 6,050,200.62 B-3 0.00 0.00 13,682.89 0.00 3,889,400.42 B-4 0.00 0.00 4,561.43 0.00 1,296,599.89 B-5 0.00 0.00 3,040.25 0.00 864,200.30 B-6 0.00 0.00 9,122.91 0.00 2,593,211.77 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 0.01 0.00 2,593,318.34 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 328,742,400.00 2.94420% 953.61326139 2.33968810 0.00000000 0.00000000 II-A 191,023,000.00 4.64961% 822.18561414 3.18570115 0.00000000 0.00000000 III-A 305,617,600.00 5.25629% 791.90932688 3.46875111 0.00000000 0.00000000 IV-A 15,424,900.00 5.62976% 930.41859137 4.36502733 0.00000000 0.00000000 B-1 10,391,000.00 4.22030% 998.45799731 3.51149456 0.00000000 0.00000000 B-2 6,061,400.00 4.22030% 998.45799650 3.51149404 0.00000000 0.00000000 B-3 3,896,600.00 4.22030% 998.45799672 3.51149464 0.00000000 0.00000000 B-4 1,299,000.00 4.22030% 998.45799846 3.51149346 0.00000000 0.00000000 B-5 865,800.00 4.22030% 998.45799261 3.51149226 0.00000000 0.00000000 B-6 2,598,012.00 4.22030% 998.45799788 3.51149648 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes Are Per $1000 Denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A 0.00000003 0.00000000 2.33968807 0.00000000 946.57295122 II-A 0.00000000 0.00000000 3.18570115 0.00000000 771.40745685 III-A 0.00000000 0.00000000 3.46875111 0.00000000 723.38250588 IV-A 0.00000000 0.00000000 4.36502668 0.00000000 929.87282705 B-1 0.00000000 0.00000000 3.51149456 0.00000000 998.15234337 B-2 0.00000000 0.00000000 3.51149404 0.00000000 998.15234434 B-3 0.00000000 0.00000000 3.51149464 0.00000000 998.15234307 B-4 0.00000000 0.00000000 3.51149346 0.00000000 998.15234026 B-5 0.00000000 0.00000000 3.51149226 0.00000000 998.15234465 B-6 0.00000000 0.00000000 3.51149648 0.00000000 998.15234495 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 35,756,608.43 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 19,977.08 Total Deposits 35,776,585.51 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 209,926.33 Payment of Interest and Principal 35,566,659.18 Total Withdrawals (Pool Distribution Amount) 35,776,585.51 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 0.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 197,393.03 Master Servicing Fee- Wells Fargo 11,906.63 Trustee Fee - Deutsche Bank 626.67 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 209,926.33
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 2 998,732.75 0.00 0.00 0.00 998,732.75 60 Days 1 0 0 0 1 479,952.50 0.00 0.00 0.00 479,952.50 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 1,478,685.25 0.00 0.00 0.00 1,478,685.25 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.286123% 0.000000% 0.000000% 0.000000% 0.286123% 0.311125% 0.000000% 0.000000% 0.000000% 0.311125% 60 Days 0.143062% 0.000000% 0.000000% 0.000000% 0.143062% 0.149515% 0.000000% 0.000000% 0.000000% 0.149515% 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 0.429185% 0.000000% 0.000000% 0.000000% 0.429185% 0.460640% 0.000000% 0.000000% 0.000000% 0.460640% 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 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 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 1 0 0 0 1 445,743.35 0.00 0.00 0.00 445,743.35 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 1 445,743.35 0.00 0.00 0.00 445,743.35 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.178891% 0.000000% 0.000000% 0.000000% 0.178891% 0.193571% 0.000000% 0.000000% 0.000000% 0.193571% 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 0.178891% 0.000000% 0.000000% 0.000000% 0.178891% 0.193571% 0.000000% 0.000000% 0.000000% 0.193571% 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 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%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.473289% Weighted Average Net Coupon 4.158298% Weighted Average Pass-Through Rate 4.138297% Weighted Average Maturity(Stepdown Calculation ) 355 Beginning Scheduled Collateral Loan Count 1,771 Number Of Loans Paid In Full 71 Ending Scheduled Collateral Loan Count 1,700 Beginning Scheduled Collateral Balance 751,995,606.41 Ending Scheduled Collateral Balance 719,022,265.57 Ending Actual Collateral Balance at 30-Apr-2003 719,177,553.70 Monthly P &I Constant 3,021,210.77 Special Servicing Fee 0.00 Prepayment Penalties 19,977.08 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 35,470,803.70 Ending Scheduled Balance for Premium Loans 719,022,265.57 Scheduled Principal 217,966.07 Unscheduled Principal 32,755,374.77
Miscellaneous Reporting Senior Percentage Group 1 96.964152% Senior PrePayment Percentage Grp 1 100.000000% Subordinate Percentage Group 1 3.035848% Subordinate PrePayment Percentage Grp 1 0.000000% Senior Percentage Group 2 96.502151% Senior PrePayment Percentage Grp 2 100.000000% Subordinate Percentage Group 2 3.497849% Subordinate PrePayment Percentage Grp 2 0.000000% Senior Percentage Group 3 96.374262% Senior PrePayment Percentage Grp 3 100.000000% Subordinate Percentage Group 3 3.625738% Subordinate PrePayment Percentage Grp 3 0.000000% Senior Percentage Group 4 96.894147% Senior PrePayment Percentage Grp 4 100.000000% Subordinate Percentage Group 4 3.105853% Subordinate PrePayment Percentage Grp 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 3.337969 4.924686 5.558261 Weighted Average Net Rate 2.964197 4.669609 5.276285 Weighted Average Maturity 355 357 354 Beginning Loan Count 707 439 595 Loans Paid In Full 8 27 36 Ending Loan Count 699 412 559 Beginning Scheduled Balance 323,308,260.49 162,749,080.86 251,126,623.39 Ending scheduled Balance 320,993,182.08 153,047,006.96 230,178,982.70 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal And Interest Constant 920,077.97 733,031.27 1,291,111.63 Scheduled Principal 20,750.49 65,124.46 127,922.15 Unscheduled Principal 2,294,327.92 9,636,949.44 20,819,718.54 Scheduled Interest 899,327.48 667,906.81 1,163,189.48 Servicing Fees 100,702.91 34,594.68 59,009.68 Master Servicing Fees 5,119.08 2,576.88 3,976.14 Trustee Fee 269.41 135.62 209.28 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 793,236.08 630,599.63 1,099,994.38 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 2.944197 4.649609 5.256286
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.899759 4.473289 Weighted Average Net Rate 5.649759 4.158298 Weighted Average Maturity 353 355 Beginning Loan Count 30 1,771 Loans Paid In Full 0 71 Ending Loan Count 30 1,700 Beginning Scheduled Balance 14,811,641.67 751,995,606.41 Ending scheduled Balance 14,803,093.83 719,022,265.57 Record Date 04/30/2003 04/30/2003 Principal And Interest Constant 76,989.90 3,021,210.77 Scheduled Principal 4,168.97 217,966.07 Unscheduled Principal 4,378.87 32,755,374.77 Scheduled Interest 72,820.93 2,803,244.70 Servicing Fees 3,085.76 197,393.03 Master Servicing Fees 234.53 11,906.63 Trustee Fee 12.36 626.67 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 69,488.28 2,593,318.37 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 5.629759 4.138297
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