-----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, NS47u2ZBtpZGfi98PQvmGzr8d18N8eZwZj0O2vRHoRvCOLz44rVVnh5vmIa7Z6jr LuJZrKHV+MLxLTo3CKDSmA== 0001056404-03-001089.txt : 20030703 0001056404-03-001089.hdr.sgml : 20030703 20030703092147 ACCESSION NUMBER: 0001056404-03-001089 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030703 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: 03773780 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 JUNE 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 25, 2003 THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2002-4 Trust (Exact name of registrant as specified in its charter) Delaware (governing law of 333-56240-09 90-0073156 Pooling and Servicing Agreement) (Commission (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 June 25, 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 June 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. 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: 6/27/03 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 June 25, 2003 distribution.
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 5/31/03 Distribution Date: 6/25/03 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 2.95399% 311,178,663.76 766,015.18 7,275,989.75 II-A 885220CB7 SEN 4.63298% 147,356,566.63 568,917.00 6,625,126.43 III-A 885220CC5 SEN 5.13560% 221,078,425.33 946,141.54 13,515,535.93 IV-A 885220CD3 SEN 5.62976% 14,343,195.37 67,290.64 8,343.38 B-1 885220CE1 SUB 4.17634% 10,371,801.00 36,096.78 3,117.71 B-2 885220CF8 SUB 4.17634% 6,050,200.62 21,056.39 1,818.66 B-3 885220CG6 SUB 4.17634% 3,889,400.42 13,536.20 1,169.13 B-4 885220CK7 SUB 4.17634% 1,296,599.89 4,512.53 389.75 B-5 885220CL5 SUB 4.17634% 864,200.30 3,007.66 259.77 B-6 885220CM3 SUB 4.17634% 2,593,211.77 9,025.10 779.51 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 719,022,265.09 2,435,599.02 27,432,530.02
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 303,902,674.01 8,042,004.93 0.00 II-A 0.00 140,731,440.20 7,194,043.43 0.00 III-A 0.00 207,562,889.40 14,461,677.47 0.00 IV-A 0.00 14,334,851.99 75,634.02 0.00 B-1 0.00 10,368,683.30 39,214.49 0.00 B-2 0.00 6,048,381.96 22,875.05 0.00 B-3 0.00 3,888,231.29 14,705.33 0.00 B-4 0.00 1,296,210.14 4,902.28 0.00 B-5 0.00 863,940.53 3,267.43 0.00 B-6 0.00 2,592,432.26 9,804.61 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 691,589,735.08 29,868,129.04 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 328,742,400.00 311,178,663.76 19,225.29 7,256,764.46 0.00 0.00 II-A 191,023,000.00 147,356,566.63 56,138.60 6,568,987.83 0.00 0.00 III-A 305,617,600.00 221,078,425.33 112,469.75 13,403,066.18 0.00 0.00 IV-A 15,424,900.00 14,343,195.37 4,070.97 4,272.41 0.00 0.00 B-1 10,391,000.00 10,371,801.00 3,117.71 0.00 0.00 0.00 B-2 6,061,400.00 6,050,200.62 1,818.66 0.00 0.00 0.00 B-3 3,896,600.00 3,889,400.42 1,169.13 0.00 0.00 0.00 B-4 1,299,000.00 1,296,599.89 389.75 0.00 0.00 0.00 B-5 865,800.00 864,200.30 259.77 0.00 0.00 0.00 B-6 2,598,012.00 2,593,211.77 779.51 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 865,919,812.00 719,022,265.09 199,439.14 27,233,090.88 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 7,275,989.75 303,902,674.01 0.92444015 7,275,989.75 II-A 6,625,126.43 140,731,440.20 0.73672511 6,625,126.43 III-A 13,515,535.93 207,562,889.40 0.67915882 13,515,535.93 IV-A 8,343.38 14,334,851.99 0.92933192 8,343.38 B-1 3,117.71 10,368,683.30 0.99785230 3,117.71 B-2 1,818.66 6,048,381.96 0.99785230 1,818.66 B-3 1,169.13 3,888,231.29 0.99785230 1,169.13 B-4 389.75 1,296,210.14 0.99785230 389.75 B-5 259.77 863,940.53 0.99785231 259.77 B-6 779.51 2,592,432.26 0.99785230 779.51 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 27,432,530.02 691,589,735.08 0.79867642 27,432,530.02
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 328,742,400.00 946.57295122 0.05848132 22.07431855 0.00000000 II-A 191,023,000.00 771.40745685 0.29388398 34.38846542 0.00000000 III-A 305,617,600.00 723.38250588 0.36800809 43.85567513 0.00000000 IV-A 15,424,900.00 929.87282705 0.26392197 0.27698137 0.00000000 B-1 10,391,000.00 998.15234337 0.30003946 0.00000000 0.00000000 B-2 6,061,400.00 998.15234434 0.30003959 0.00000000 0.00000000 B-3 3,896,600.00 998.15234307 0.30003850 0.00000000 0.00000000 B-4 1,299,000.00 998.15234026 0.30003849 0.00000000 0.00000000 B-5 865,800.00 998.15234465 0.30003465 0.00000000 0.00000000 B-6 2,598,012.00 998.15234495 0.30004095 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 22.13279988 924.44015135 0.92444015 22.13279988 II-A 0.00000000 34.68234940 736.72510745 0.73672511 34.68234940 III-A 0.00000000 44.22368322 679.15882266 0.67915882 44.22368322 IV-A 0.00000000 0.54090334 929.33192371 0.92933192 0.54090334 B-1 0.00000000 0.30003946 997.85230488 0.99785230 0.30003946 B-2 0.00000000 0.30003959 997.85230475 0.99785230 0.30003959 B-3 0.00000000 0.30003850 997.85230457 0.99785230 0.30003850 B-4 0.00000000 0.30003849 997.85230177 0.99785230 0.30003849 B-5 0.00000000 0.30003465 997.85231000 0.99785231 0.30003465 B-6 0.00000000 0.30004095 997.85230399 0.99785230 0.30004095 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 2.95399% 311,178,663.76 766,015.19 0.00 0.00 II-A 191,023,000.00 4.63298% 147,356,566.63 568,917.00 0.00 0.00 III-A 305,617,600.00 5.13560% 221,078,425.33 946,141.55 0.00 0.00 IV-A 15,424,900.00 5.62976% 14,343,195.37 67,290.64 0.00 0.00 B-1 10,391,000.00 4.17634% 10,371,801.00 36,096.78 0.00 0.00 B-2 6,061,400.00 4.17634% 6,050,200.62 21,056.39 0.00 0.00 B-3 3,896,600.00 4.17634% 3,889,400.42 13,536.20 0.00 0.00 B-4 1,299,000.00 4.17634% 1,296,599.89 4,512.53 0.00 0.00 B-5 865,800.00 4.17634% 864,200.30 3,007.66 0.00 0.00 B-6 2,598,012.00 4.17634% 2,593,211.77 9,025.10 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 2,435,599.04 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 0.00 766,015.18 0.00 303,902,674.01 II-A 0.01 0.00 568,917.00 0.00 140,731,440.20 III-A 0.01 0.00 946,141.54 0.00 207,562,889.40 IV-A 0.00 0.00 67,290.64 0.00 14,334,851.99 B-1 0.00 0.00 36,096.78 0.00 10,368,683.30 B-2 0.00 0.00 21,056.39 0.00 6,048,381.96 B-3 0.00 0.00 13,536.20 0.00 3,888,231.29 B-4 0.00 0.00 4,512.53 0.00 1,296,210.14 B-5 0.00 0.00 3,007.66 0.00 863,940.53 B-6 0.00 0.00 9,025.10 0.00 2,592,432.26 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 0.03 0.00 2,435,599.02 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 2.95399% 946.57295122 2.33013810 0.00000000 0.00000000 II-A 191,023,000.00 4.63298% 771.40745685 2.97826440 0.00000000 0.00000000 III-A 305,617,600.00 5.13560% 723.38250588 3.09583463 0.00000000 0.00000000 IV-A 15,424,900.00 5.62976% 929.87282705 4.36246848 0.00000000 0.00000000 B-1 10,391,000.00 4.17634% 998.15234337 3.47385045 0.00000000 0.00000000 B-2 6,061,400.00 4.17634% 998.15234434 3.47384928 0.00000000 0.00000000 B-3 3,896,600.00 4.17634% 998.15234307 3.47384900 0.00000000 0.00000000 B-4 1,299,000.00 4.17634% 998.15234026 3.47384911 0.00000000 0.00000000 B-5 865,800.00 4.17634% 998.15234465 3.47385077 0.00000000 0.00000000 B-6 2,598,012.00 4.17634% 998.15234495 3.47384847 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 2.33013807 0.00000000 924.44015135 II-A 0.00000005 0.00000000 2.97826440 0.00000000 736.72510745 III-A 0.00000003 0.00000000 3.09583460 0.00000000 679.15882266 IV-A 0.00000000 0.00000000 4.36246848 0.00000000 929.33192371 B-1 0.00000000 0.00000000 3.47385045 0.00000000 997.85230488 B-2 0.00000000 0.00000000 3.47384928 0.00000000 997.85230475 B-3 0.00000000 0.00000000 3.47384900 0.00000000 997.85230457 B-4 0.00000000 0.00000000 3.47384911 0.00000000 997.85230177 B-5 0.00000000 0.00000000 3.47385077 0.00000000 997.85231000 B-6 0.00000000 0.00000000 3.47384847 0.00000000 997.85230399 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 30,069,527.01 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 30,069,527.01 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 201,397.97 Payment of Interest and Principal 29,868,129.04 Total Withdrawals (Pool Distribution Amount) 30,069,527.01 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 189,414.31 Master Servicing Fee- Wells Fargo 11,384.50 Trustee Fee - Deutsche Bank 599.16 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 201,397.97
Original $ Original % Current $ Current % Bankruptcy 169,214.00 0.01954153% 169,214.00 0.02446740% Fraud 8,659,197.00 0.99999987% 8,659,197.00 1.25207136% Special Hazard 12,000,000.00 1.38580961% 8,618,000.00 1.24611450% Limit of Subordinate's Exposure to Certain Types of Losses
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 1 0 0 0 1 472,620.60 0.00 0.00 0.00 472,620.60 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 479,952.50 0.00 0.00 0.00 479,952.50 120 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 2 952,573.10 0.00 0.00 0.00 952,573.10 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.145985% 0.000000% 0.000000% 0.000000% 0.145985% 0.150647% 0.000000% 0.000000% 0.000000% 0.150647% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.145985% 0.000000% 0.000000% 0.000000% 0.145985% 0.152984% 0.000000% 0.000000% 0.000000% 0.152984% 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 0.291971% 0.000000% 0.000000% 0.000000% 0.291971% 0.303631% 0.000000% 0.000000% 0.000000% 0.303631% 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 2 0 0 0 2 522,632.52 0.00 0.00 0.00 522,632.52 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 2 522,632.52 0.00 0.00 0.00 522,632.52 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.508906% 0.000000% 0.000000% 0.000000% 0.508906% 0.356843% 0.000000% 0.000000% 0.000000% 0.356843% 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 0.508906% 0.000000% 0.000000% 0.000000% 0.508906% 0.356843% 0.000000% 0.000000% 0.000000% 0.356843% 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 1 626,694.52 0.00 0.00 0.00 626,694.52 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 1 626,694.52 0.00 0.00 0.00 626,694.52 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.187970% 0.000000% 0.000000% 0.000000% 0.187970% 0.289147% 0.000000% 0.000000% 0.000000% 0.289147% 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 0.187970% 0.000000% 0.000000% 0.000000% 0.187970% 0.289147% 0.000000% 0.000000% 0.000000% 0.289147% 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 4.400972% Weighted Average Net Coupon 4.084852% Weighted Average Pass-Through Rate 4.064852% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 1,700 Number Of Loans Paid In Full 60 Ending Scheduled Collateral Loan Count 1,640 Beginning Scheduled Collateral Balance 719,022,265.57 Ending Scheduled Collateral Balance 691,589,735.55 Ending Actual Collateral Balance at 31-May-2003 691,725,003.75 Monthly P &I Constant 2,836,436.23 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 29,773,359.88 Ending Scheduled Balance for Premium Loans 691,589,735.55 Scheduled Principal 199,439.14 Unscheduled Principal 27,233,090.88
Miscellaneous Reporting Senior Percentage Group 1 96.942453% Senior PrePayment Percentage Grp 1 100.000000% Subordinate Percentage Group 1 3.057547% Subordinate PrePayment Percentage Grp 1 0.000000% Senior Percentage Group 2 96.281901% Senior PrePayment Percentage Grp 2 100.000000% Subordinate Percentage Group 2 3.718099% Subordinate PrePayment Percentage Grp 2 0.000000% Senior Percentage Group 3 96.046313% Senior PrePayment Percentage Grp 3 100.000000% Subordinate Percentage Group 3 3.953687% Subordinate PrePayment Percentage Grp 3 0.000000% Senior Percentage Group 4 96.893228% Senior PrePayment Percentage Grp 4 100.000000% Subordinate Percentage Group 4 3.106772% 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 3.347752 4.907972 5.436230 Weighted Average Net Rate 2.973989 4.652983 5.155598 Pass-Through Rate 2.953989 4.632983 5.135598 Weighted Average Maturity 354 356 353 Beginning Loan Count 699 412 559 Loans Paid In Full 14 19 27 Ending Loan Count 685 393 532 Beginning Scheduled Balance 320,993,182.08 153,047,006.96 230,178,982.70 Ending scheduled Balance 313,716,585.97 146,419,712.64 216,658,817.02 Record Date 05/31/2003 05/31/2003 05/31/2003 Principal And Interest Constant 915,336.29 684,265.17 1,159,854.33 Scheduled Principal 19,831.65 58,306.49 117,099.50 Unscheduled Principal 7,256,764.46 6,568,987.83 13,403,066.18 Scheduled Interest 895,504.64 625,958.68 1,042,754.83 Servicing Fees 99,979.58 32,521.13 53,829.61 Master Servicing Fees 5,082.38 2,423.23 3,644.51 Trustee Fee 267.47 127.52 191.82 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 790,175.21 590,886.80 985,088.89 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
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.899762 4.400972 Weighted Average Net Rate 5.649761 4.084852 Pass-Through Rate 5.629762 4.064852 Weighted Average Maturity 352 354 Beginning Loan Count 30 1,700 Loans Paid In Full 0 60 Ending Loan Count 30 1,640 Beginning Scheduled Balance 14,803,093.83 719,022,265.57 Ending scheduled Balance 14,794,619.92 691,589,735.55 Record Date 05/31/2003 05/31/2003 Principal And Interest Constant 76,980.44 2,836,436.23 Scheduled Principal 4,201.50 199,439.14 Unscheduled Principal 4,272.41 27,233,090.88 Scheduled Interest 72,778.94 2,636,997.09 Servicing Fees 3,083.99 189,414.31 Master Servicing Fees 234.38 11,384.50 Trustee Fee 12.35 599.16 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 69,448.22 2,435,599.12 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
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