-----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, FsZX1BTQQsjkEmHO4K4kzK/htz+P89r8pYudu7S4wuf4oYX/+QYden1YN7J0UHhN gWyGRLw6zKWedolrTiq3RQ== 0001056404-04-000017.txt : 20040106 0001056404-04-000017.hdr.sgml : 20040106 20040106113715 ACCESSION NUMBER: 0001056404-04-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031226 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040106 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: 04508369 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 DECEMBER 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): December 26, 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 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 December 26, 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 December 26, 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/5/04 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 December 26, 2003 distribution. EX-99.1
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 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 2.72191% 276,148,935.68 626,377.52 1,412,545.29 II-A 885220CB7 SEN 4.52977% 91,847,682.05 346,707.69 2,912,921.31 III-A 885220CC5 SEN 5.01086% 119,021,002.60 496,998.37 3,479,554.85 IV-A 885220CD3 SEN 5.60762% 12,765,704.49 59,654.34 7,317.31 B-1 885220CE1 SUB 4.01510% 10,353,210.20 34,641.00 2,912.58 B-2 885220CF8 SUB 4.01510% 6,039,356.01 20,207.19 1,699.00 B-3 885220CG6 SUB 4.01510% 3,882,428.91 12,990.29 1,092.21 B-4 885220CK7 SUB 4.01510% 1,294,275.82 4,330.54 364.11 B-5 885220CL5 SUB 4.01510% 862,651.27 2,886.36 242.68 B-6 885220CM3 SUB 4.01510% 2,588,563.60 8,661.12 728.22 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 524,803,810.63 1,613,454.42 7,819,377.56
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A 0.00 274,736,390.39 2,038,922.81 0.00 II-A 0.00 88,934,760.74 3,259,629.00 0.00 III-A 0.00 115,541,447.75 3,976,553.22 0.00 IV-A 0.00 12,758,387.18 66,971.65 0.00 B-1 0.00 10,350,297.62 37,553.58 0.00 B-2 0.00 6,037,657.01 21,906.19 0.00 B-3 0.00 3,881,336.70 14,082.50 0.00 B-4 0.00 1,293,911.71 4,694.65 0.00 B-5 0.00 862,408.59 3,129.04 0.00 B-6 0.00 2,587,835.38 9,389.34 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 Totals 0.00 516,984,433.07 9,432,831.98 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 328,742,400.00 276,148,935.68 15,735.66 1,396,809.63 0.00 0.00 II-A 191,023,000.00 91,847,682.05 31,313.27 2,881,608.04 0.00 0.00 III-A 305,617,600.00 119,021,002.60 58,066.33 3,421,488.52 0.00 0.00 IV-A 15,424,900.00 12,765,704.49 3,275.82 4,041.49 0.00 0.00 B-1 10,391,000.00 10,353,210.20 2,912.58 0.00 0.00 0.00 B-2 6,061,400.00 6,039,356.01 1,699.00 0.00 0.00 0.00 B-3 3,896,600.00 3,882,428.91 1,092.21 0.00 0.00 0.00 B-4 1,299,000.00 1,294,275.82 364.11 0.00 0.00 0.00 B-5 865,800.00 862,651.27 242.68 0.00 0.00 0.00 B-6 2,598,012.00 2,588,563.60 728.22 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 865,919,812.00 524,803,810.63 115,429.88 7,703,947.68 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 1,412,545.29 274,736,390.39 0.83571937 1,412,545.29 II-A 2,912,921.31 88,934,760.74 0.46557096 2,912,921.31 III-A 3,479,554.85 115,541,447.75 0.37805888 3,479,554.85 IV-A 7,317.31 12,758,387.18 0.82712933 7,317.31 B-1 2,912.58 10,350,297.62 0.99608292 2,912.58 B-2 1,699.00 6,037,657.01 0.99608292 1,699.00 B-3 1,092.21 3,881,336.70 0.99608292 1,092.21 B-4 364.11 1,293,911.71 0.99608292 364.11 B-5 242.68 862,408.59 0.99608292 242.68 B-6 728.22 2,587,835.38 0.99608292 728.22 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 Totals 7,819,377.56 516,984,433.07 0.59703500 7,819,377.56
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A 328,742,400.00 840.01618191 0.04786623 4.24894881 0.00000000 II-A 191,023,000.00 480.82001670 0.16392408 15.08513655 0.00000000 III-A 305,617,600.00 389.44420282 0.18999668 11.19532553 0.00000000 IV-A 15,424,900.00 827.60371153 0.21237220 0.26201077 0.00000000 B-1 10,391,000.00 996.36321817 0.28029834 0.00000000 0.00000000 B-2 6,061,400.00 996.36321807 0.28029828 0.00000000 0.00000000 B-3 3,896,600.00 996.36321665 0.28029821 0.00000000 0.00000000 B-4 1,299,000.00 996.36321786 0.28030023 0.00000000 0.00000000 B-5 865,800.00 996.36321321 0.28029568 0.00000000 0.00000000 B-6 2,598,012.00 996.36321926 0.28029894 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 4.29681504 835.71936687 0.83571937 4.29681504 II-A 0.00000000 15.24906064 465.57095606 0.46557096 15.24906064 III-A 0.00000000 11.38532221 378.05888061 0.37805888 11.38532221 IV-A 0.00000000 0.47438298 827.12932855 0.82712933 0.47438298 B-1 0.00000000 0.28029834 996.08291983 0.99608292 0.28029834 B-2 0.00000000 0.28029828 996.08291979 0.99608292 0.28029828 B-3 0.00000000 0.28029821 996.08291844 0.99608292 0.28029821 B-4 0.00000000 0.28030023 996.08291763 0.99608292 0.28030023 B-5 0.00000000 0.28029568 996.08291753 0.99608292 0.28029568 B-6 0.00000000 0.28029894 996.08292033 0.99608292 0.28029894 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, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A 328,742,400.00 2.72191% 276,148,935.68 626,377.52 0.00 0.00 II-A 191,023,000.00 4.52977% 91,847,682.05 346,707.69 0.00 0.00 III-A 305,617,600.00 5.01086% 119,021,002.60 496,998.37 0.00 0.00 IV-A 15,424,900.00 5.60762% 12,765,704.49 59,654.34 0.00 0.00 B-1 10,391,000.00 4.01510% 10,353,210.20 34,641.00 0.00 0.00 B-2 6,061,400.00 4.01510% 6,039,356.01 20,207.19 0.00 0.00 B-3 3,896,600.00 4.01510% 3,882,428.91 12,990.29 0.00 0.00 B-4 1,299,000.00 4.01510% 1,294,275.82 4,330.54 0.00 0.00 B-5 865,800.00 4.01510% 862,651.27 2,886.36 0.00 0.00 B-6 2,598,012.00 4.01510% 2,588,563.60 8,661.12 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 1,613,454.42 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 0.00 626,377.52 0.00 274,736,390.39 II-A 0.00 0.00 346,707.69 0.00 88,934,760.74 III-A 0.00 0.00 496,998.37 0.00 115,541,447.75 IV-A 0.00 0.00 59,654.34 0.00 12,758,387.18 B-1 0.00 0.00 34,641.00 0.00 10,350,297.62 B-2 0.00 0.00 20,207.19 0.00 6,037,657.01 B-3 0.00 0.00 12,990.29 0.00 3,881,336.70 B-4 0.00 0.00 4,330.54 0.00 1,293,911.71 B-5 0.00 0.00 2,886.36 0.00 862,408.59 B-6 0.00 0.00 8,661.12 0.00 2,587,835.38 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 1,613,454.42 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A 328,742,400.00 2.72191% 840.01618191 1.90537491 0.00000000 0.00000000 II-A 191,023,000.00 4.52977% 480.82001670 1.81500495 0.00000000 0.00000000 III-A 305,617,600.00 5.01086% 389.44420282 1.62620991 0.00000000 0.00000000 IV-A 15,424,900.00 5.60762% 827.60371153 3.86740530 0.00000000 0.00000000 B-1 10,391,000.00 4.01510% 996.36321817 3.33375036 0.00000000 0.00000000 B-2 6,061,400.00 4.01510% 996.36321807 3.33374963 0.00000000 0.00000000 B-3 3,896,600.00 4.01510% 996.36321665 3.33374994 0.00000000 0.00000000 B-4 1,299,000.00 4.01510% 996.36321786 3.33374904 0.00000000 0.00000000 B-5 865,800.00 4.01510% 996.36321321 3.33374913 0.00000000 0.00000000 B-6 2,598,012.00 4.01510% 996.36321926 3.33374904 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 1.90537491 0.00000000 835.71936687 II-A 0.00000000 0.00000000 1.81500495 0.00000000 465.57095606 III-A 0.00000000 0.00000000 1.62620991 0.00000000 378.05888061 IV-A 0.00000000 0.00000000 3.86740530 0.00000000 827.12932855 B-1 0.00000000 0.00000000 3.33375036 0.00000000 996.08291983 B-2 0.00000000 0.00000000 3.33374963 0.00000000 996.08291979 B-3 0.00000000 0.00000000 3.33374994 0.00000000 996.08291844 B-4 0.00000000 0.00000000 3.33374904 0.00000000 996.08291763 B-5 0.00000000 0.00000000 3.33374913 0.00000000 996.08291753 B-6 0.00000000 0.00000000 3.33374904 0.00000000 996.08292033 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, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 9,575,895.99 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 9,520.21 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 9,585,416.20 Withdrawals Reimbursement for Servicer Advances 1,779.86 Payment of Service Fee 150,804.36 Payment of Interest and Principal 9,432,831.98 Total Withdrawals (Pool Distribution Amount) 9,585,416.20 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 142,057.58 Master Servicing Fee- Wells Fargo 8,309.43 Trustee Fee - Deutsche Bank 437.35 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 150,804.36
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 4 0 0 0 4 966,607.60 0.00 0.00 0.00 966,607.60 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 4 0 0 0 4 966,607.60 0.00 0.00 0.00 966,607.60 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.634921% 0.000000% 0.000000% 0.000000% 0.634921% 0.339688% 0.000000% 0.000000% 0.000000% 0.339688% 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 0.634921% 0.000000% 0.000000% 0.000000% 0.634921% 0.339688% 0.000000% 0.000000% 0.000000% 0.339688% 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 4 0 0 0 4 1,133,787.28 0.00 0.00 0.00 1,133,787.28 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 4 0 0 0 4 1,133,787.28 0.00 0.00 0.00 1,133,787.28 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.481481% 0.000000% 0.000000% 0.000000% 1.481481% 1.198094% 0.000000% 0.000000% 0.000000% 1.198094% 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 1.481481% 0.000000% 0.000000% 0.000000% 1.481481% 1.198094% 0.000000% 0.000000% 0.000000% 1.198094% 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 2 442,856.87 0.00 0.00 0.00 442,856.87 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 2 442,856.87 0.00 0.00 0.00 442,856.87 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.598802% 0.000000% 0.000000% 0.000000% 0.598802% 0.355251% 0.000000% 0.000000% 0.000000% 0.355251% 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 0.598802% 0.000000% 0.000000% 0.000000% 0.598802% 0.355251% 0.000000% 0.000000% 0.000000% 0.355251% 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 4.034099% Weighted Average Net Coupon 3.709274% Weighted Average Pass-Through Rate 3.689275% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 1,278 Number Of Loans Paid In Full 20 Ending Scheduled Collateral Loan Count 1,258 Beginning Scheduled Collateral Balance 524,803,811.10 Ending Scheduled Collateral Balance 516,984,433.54 Ending Actual Collateral Balance at 30-Nov-2003 517,070,409.25 Monthly P &I Constant 1,879,688.58 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 9,342,076.69 Ending Scheduled Balance for Premium Loans 516,984,433.54 Scheduled Principal 115,429.88 Unscheduled Principal 7,703,947.68
Miscellaneous Reporting Senior Percentage Group 1 96.569060% Senior PrePayment Percentage Grp 1 100.000000% Subordinate Percentage Group 1 3.430940% Subordinate PrePayment Percentage Grp 1 0.000000% Senior Percentage Group 2 94.178688% Senior PrePayment Percentage Grp 2 100.000000% Subordinate Percentage Group 2 5.821312% Subordinate PrePayment Percentage Grp 2 0.000000% Senior Percentage Group 3 92.916936% Senior PrePayment Percentage Grp 3 100.000000% Subordinate Percentage Group 3 7.083064% Subordinate PrePayment Percentage Grp 3 0.000000% Senior Percentage Group 4 96.528072% Senior PrePayment Percentage Grp 4 100.000000% Subordinate Percentage Group 4 3.471928% 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 3.116450 4.804317 5.305940 Weighted Average Net Rate 2.741912 4.549774 5.030864 Weighted Average Maturity 348 350 347 Beginning Loan Count 634 277 343 Loans Paid In Full 4 7 9 Ending Loan Count 630 270 334 Beginning Scheduled Balance 285,960,055.35 97,524,911.81 128,093,981.63 Ending scheduled Balance 284,546,951.00 94,610,054.98 124,610,000.38 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 758,944.85 423,699.26 628,875.24 Scheduled Principal 16,294.72 33,248.79 62,492.73 Unscheduled Principal 1,396,809.63 2,881,608.04 3,421,488.52 Scheduled Interest 742,650.13 390,450.47 566,382.51 Servicing Fees 89,252.44 20,686.90 29,363.06 Master Servicing Fees 4,527.72 1,544.15 2,028.15 Trustee Fee 238.32 81.27 106.74 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 648,631.65 368,138.15 534,884.56 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 2.721912 4.529774 5.010864
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.877619 4.034099 Weighted Average Net Rate 5.627619 3.709274 Weighted Average Maturity 346 348 Beginning Loan Count 24 1,278 Loans Paid In Full 0 20 Ending Loan Count 24 1,258 Beginning Scheduled Balance 13,224,862.31 524,803,811.10 Ending scheduled Balance 13,217,427.18 516,984,433.54 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 68,169.23 1,879,688.58 Scheduled Principal 3,393.64 115,429.88 Unscheduled Principal 4,041.49 7,703,947.68 Scheduled Interest 64,775.59 1,764,258.70 Servicing Fees 2,755.18 142,057.58 Master Servicing Fees 209.41 8,309.43 Trustee Fee 11.02 437.35 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 61,799.98 1,613,454.34 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.607619 3.689275
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