-----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, HNGA68uvYsdoIec2R7GmMzKsrBIERI7OkYlySgiXhnG7jEte+JI4tD6mA+S2gmsE si8MyLOsvMVVoovKF7tgfg== 0001056404-03-001059.txt : 20030701 0001056404-03-001059.hdr.sgml : 20030701 20030701101128 ACCESSION NUMBER: 0001056404-03-001059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030629 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ASSET BACKED SEC CORP HOME EQU LOAN TR SER 2003-HE1 CENTRAL INDEX KEY: 0001211755 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: 333-86750-03 FILM NUMBER: 03766548 BUSINESS ADDRESS: STREET 1: 11 MADISON AVE STREET 2: 4TH FL. CITY: NEW YORK STATE: NY ZIP: 10011 BUSINESS PHONE: 2123252000 MAIL ADDRESS: STREET 1: 11 MADISON AVE STREET 2: 4TH FL. CITY: NEW YORK STATE: NY ZIP: 10011 8-K 1 abs03he1.txt JUNE 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): June 16, 2003 ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2003-HE1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-86750-03 Pooling and Servicing Agreement) (Commission (State or other File Number) 54-2090849 jurisdiction 54-2090850 of Incorporation) 54-2090851 54-2090848 54-2090847 IRS EIN 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 16, 2003 a distribution was made to holders of ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST, Asset Backed Pass-Through Certificates, Series 2003-HE1 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 Asset Backed Pass- Through Certificates, Series 2003-HE1 Trust, relating to the June 16, 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. ASSET BACKED SECURITIES CORP HOME EQUITY LOAN TRUST Asset Backed Pass-Through Certificates, Series 2003-HE1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 6/24/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Pass-Through Certificates, Series 2003-HE1 Trust, relating to the June 16, 2003 distribution.
Asset Backed Securities Corp Home Equity Loan T Asset Backed Pass-Through Certificates Record Date: 5/31/03 Distribution Date: 6/16/03 ABSC Series: 2003-HE1 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 A-IO 04541GDJ8 SEN IO 5.00000% 0.00 369,458.91 0.00 B-IO 00077SAB2 SUB IO 3.50000% 0.00 145,784.24 0.00 A1 04541GDE9 SEN 1.81000% 205,378,345.68 330,319.69 6,111,146.63 A2 04541GDF6 SEN 1.81000% 134,265,221.39 215,945.10 4,277,778.57 A3 04541GDG4 SEN 1.58000% 168,326,264.39 236,325.30 7,676,069.79 A4 04541GDH2 SEN 1.90000% 72,600,000.00 122,572.05 0.00 M1 04541GDK5 MEZ 2.33000% 49,700,000.00 102,899.57 0.00 M2 04541GDL3 MEZ 3.66000% 41,200,000.00 133,992.21 0.00 M3 04541GDM1 MEZ 4.81000% 28,800,000.00 123,094.54 0.00 M4 04541GDN9 MEZ 5.81000% 11,242,900.00 58,043.78 0.00 X 00077SAC0 SUB OC 0.00000% 0.01 0.00 0.00 P 00077SAD8 SEN 0.00000% 100.00 286,659.38 0.00 CSFB SEN 0.00000% 0.00 0.00 0.00 Totals 711,512,831.47 2,125,094.77 18,064,994.99
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 369,458.91 0.00 B-IO 0.00 0.00 145,784.24 0.00 A1 0.00 199,267,199.05 6,441,466.32 0.00 A2 0.00 129,987,442.82 4,493,723.67 0.00 A3 0.00 160,650,194.60 7,912,395.09 0.00 A4 0.00 72,600,000.00 122,572.05 0.00 M1 0.00 49,700,000.00 102,899.57 0.00 M2 0.00 41,200,000.00 133,992.21 0.00 M3 0.00 28,800,000.00 123,094.54 0.00 M4 0.00 11,242,900.00 58,043.78 0.00 X 0.00 0.01 0.00 0.00 P 0.00 100.00 286,659.38 0.00 CSFB 0.00 0.00 0.00 0.00 Totals 0.00 693,447,836.48 20,190,089.76 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) A-IO 0.00 0.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 A1 217,500,000.00 205,378,345.68 0.00 6,111,146.63 0.00 0.00 A2 143,000,000.00 134,265,221.39 0.00 4,277,778.57 0.00 0.00 A3 184,000,000.00 168,326,264.39 0.00 7,676,069.79 0.00 0.00 A4 72,600,000.00 72,600,000.00 0.00 0.00 0.00 0.00 M1 49,700,000.00 49,700,000.00 0.00 0.00 0.00 0.00 M2 41,200,000.00 41,200,000.00 0.00 0.00 0.00 0.00 M3 28,800,000.00 28,800,000.00 0.00 0.00 0.00 0.00 M4 11,242,900.00 11,242,900.00 0.00 0.00 0.00 0.00 X 0.00 0.01 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 CSFB 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Totals 748,043,000.00 711,512,831.47 0.00 18,064,994.99 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 A-IO 0.00 0.00 0.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 A1 6,111,146.63 199,267,199.05 0.91617103 6,111,146.63 A2 4,277,778.57 129,987,442.82 0.90900310 4,277,778.57 A3 7,676,069.79 160,650,194.60 0.87309888 7,676,069.79 A4 0.00 72,600,000.00 1.00000000 0.00 M1 0.00 49,700,000.00 1.00000000 0.00 M2 0.00 41,200,000.00 1.00000000 0.00 M3 0.00 28,800,000.00 1.00000000 0.00 M4 0.00 11,242,900.00 1.00000000 0.00 X 0.00 0.01 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 CSFB 0.00 0.00 0.00000000 0.00 CSFB 0.00 0.00 0.00000000 0.00 Totals 18,064,994.99 693,447,836.48 0.92701601 18,064,994.99
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A1 217,500,000.00 944.26825600 0.00000000 28.09722589 0.00000000 A2 143,000,000.00 938.91763210 0.00000000 29.91453545 0.00000000 A3 184,000,000.00 914.81665429 0.00000000 41.71777060 0.00000000 A4 72,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M1 49,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 41,200,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 28,800,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 11,242,900.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 CSFB 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 0.00000000 28.09722589 916.17103011 0.91617103 28.09722589 A2 0.00000000 29.91453545 909.00309664 0.90900310 29.91453545 A3 0.00000000 41.71777060 873.09888370 0.87309888 41.71777060 A4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CSFB 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 A-IO 0.00 5.00000% 88,700,000.00 369,583.33 0.00 0.00 B-IO 0.00 3.50000% 50,000,000.00 145,833.33 0.00 0.00 A1 217,500,000.00 1.81000% 205,378,345.68 330,430.94 0.00 0.00 A2 143,000,000.00 1.81000% 134,265,221.39 216,017.82 0.00 0.00 A3 184,000,000.00 1.58000% 168,326,264.39 236,404.89 0.00 0.00 A4 72,600,000.00 1.90000% 72,600,000.00 122,613.33 0.00 0.00 M1 49,700,000.00 2.33000% 49,700,000.00 102,934.22 0.00 0.00 M2 41,200,000.00 3.66000% 41,200,000.00 134,037.33 0.00 0.00 M3 28,800,000.00 4.81000% 28,800,000.00 123,136.00 0.00 0.00 M4 11,242,900.00 5.81000% 11,242,900.00 58,063.33 0.00 0.00 X 0.00 0.00000% 0.01 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 CSFB 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 748,043,000.00 1,839,054.52 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 A-IO 124.43 0.00 369,458.91 0.00 86,400,000.00 B-IO 49.10 0.00 145,784.24 0.00 50,000,000.00 A1 111.25 0.00 330,319.69 0.00 199,267,199.05 A2 72.73 0.00 215,945.10 0.00 129,987,442.82 A3 79.59 0.00 236,325.30 0.00 160,650,194.60 A4 41.28 0.00 122,572.05 0.00 72,600,000.00 M1 34.65 0.00 102,899.57 0.00 49,700,000.00 M2 45.13 0.00 133,992.21 0.00 41,200,000.00 M3 41.46 0.00 123,094.54 0.00 28,800,000.00 M4 19.55 0.00 58,043.78 0.00 11,242,900.00 X 0.00 0.00 0.00 0.00 0.01 P 0.00 0.00 286,659.38 0.00 100.00 CSFB 0.00 0.00 0.00 0.00 0.00 Totals 619.17 0.00 2,125,094.77 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 A-IO 0.00 5.00000% 901.42276423 3.75592815 0.00000000 0.00000000 B-IO 0.00 3.50000% 1000.00000000 2.91666660 0.00000000 0.00000000 A1 217,500,000.00 1.81000% 944.26825600 1.51922271 0.00000000 0.00000000 A2 143,000,000.00 1.81000% 938.91763210 1.51061413 0.00000000 0.00000000 A3 184,000,000.00 1.58000% 914.81665429 1.28480918 0.00000000 0.00000000 A4 72,600,000.00 1.90000% 1000.00000000 1.68888884 0.00000000 0.00000000 M1 49,700,000.00 2.33000% 1000.00000000 2.07111107 0.00000000 0.00000000 M2 41,200,000.00 3.66000% 1000.00000000 3.25333325 0.00000000 0.00000000 M3 28,800,000.00 4.81000% 1000.00000000 4.27555556 0.00000000 0.00000000 M4 11,242,900.00 5.81000% 1000.00000000 5.16444423 0.00000000 0.00000000 X 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 CSFB 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-IO 0.00126453 0.00000000 3.75466372 0.00000000 878.04878049 B-IO 0.00098200 0.00000000 2.91568480 0.00000000 1000.00000000 A1 0.00051149 0.00000000 1.51871122 0.00000000 916.17103011 A2 0.00050860 0.00000000 1.51010559 0.00000000 909.00309664 A3 0.00043255 0.00000000 1.28437663 0.00000000 873.09888370 A4 0.00056860 0.00000000 1.68832025 0.00000000 1000.00000000 M1 0.00069718 0.00000000 2.07041388 0.00000000 1000.00000000 M2 0.00109539 0.00000000 3.25223811 0.00000000 1000.00000000 M3 0.00143958 0.00000000 4.27411597 0.00000000 1000.00000000 M4 0.00173888 0.00000000 5.16270535 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 2866593.80000000 0.00000000 1000.00000000 CSFB 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 20,184,680.72 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 238,030.42 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 286,659.38 Total Deposits 20,709,370.52 Withdrawals Reimbursement for Servicer Advances 194,589.89 Payment of Service Fee 324,690.87 Payment of Interest and Principal 20,190,089.76 Total Withdrawals (Pool Distribution Amount) 20,709,370.52 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 619.17
SERVICING FEES Gross Servicing Fee 299,994.87 Strip Amount 24,696.00 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 324,690.87
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 102 0 0 0 102 14,594,373.70 0.00 0.00 0.00 14,594,373.70 60 Days 25 0 0 0 25 4,150,829.56 0.00 0.00 0.00 4,150,829.56 90 Days 10 13 72 2 97 1,664,067.97 2,340,203.13 10,657,835.65 77,771.91 14,739,878.66 120 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 137 13 72 2 224 20,409,271.23 2,340,203.13 10,657,835.65 77,771.91 33,485,081.92 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 2.216428% 0.000000% 0.000000% 0.000000% 2.216428% 2.069741% 0.000000% 0.000000% 0.000000% 2.069741% 60 Days 0.543242% 0.000000% 0.000000% 0.000000% 0.543242% 0.588661% 0.000000% 0.000000% 0.000000% 0.588661% 90 Days 0.217297% 0.282486% 1.564537% 0.043459% 2.107779% 0.235994% 0.331882% 1.511470% 0.011029% 2.090376% 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 2.976967% 0.282486% 1.564537% 0.043459% 4.867449% 2.894397% 0.331882% 1.511470% 0.011029% 4.748778%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 41 0 0 0 41 4,636,649.74 0.00 0.00 0.00 4,636,649.74 60 Days 9 0 0 0 9 1,338,687.58 0.00 0.00 0.00 1,338,687.58 90 Days 3 7 30 1 41 400,635.71 1,064,744.67 3,513,979.92 37,289.24 5,016,649.54 120 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 53 7 30 1 91 6,375,973.03 1,064,744.67 3,513,979.92 37,289.24 10,991,986.86 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 14.385965% 0.000000% 0.000000% 0.000000% 14.385965% 12.442287% 0.000000% 0.000000% 0.000000% 12.442287% 60 Days 3.157895% 0.000000% 0.000000% 0.000000% 3.157895% 3.592321% 0.000000% 0.000000% 0.000000% 3.592321% 90 Days 1.052632% 2.456140% 10.526316% 0.350877% 14.385965% 1.075092% 2.857205% 9.429642% 0.100064% 13.462003% 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 18.596491% 2.456140% 10.526316% 0.350877% 31.929825% 17.109700% 2.857205% 9.429642% 0.100064% 29.496612% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 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 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 61 0 0 0 61 9,957,723.96 0.00 0.00 0.00 9,957,723.96 60 Days 16 0 0 0 16 2,812,141.98 0.00 0.00 0.00 2,812,141.98 90 Days 7 6 42 1 56 1,263,432.26 1,275,458.46 7,143,855.73 40,482.67 9,723,229.12 120 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 84 6 42 1 133 14,033,298.20 1,275,458.46 7,143,855.73 40,482.67 22,493,095.06 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.538690% 0.000000% 0.000000% 0.000000% 4.538690% 6.077831% 0.000000% 0.000000% 0.000000% 6.077831% 60 Days 1.190476% 0.000000% 0.000000% 0.000000% 1.190476% 1.716429% 0.000000% 0.000000% 0.000000% 1.716429% 90 Days 0.520833% 0.446429% 3.125000% 0.074405% 4.166667% 0.771153% 0.778493% 4.360348% 0.024709% 5.934703% 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 6.250000% 0.446429% 3.125000% 0.074405% 9.895833% 8.565412% 0.778493% 4.360348% 0.024709% 13.728963% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 238,030.42
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.978746% Weighted Average Net Coupon 7.478746% Weighted Average Pass-Through Rate 7.436554% Weighted Average Maturity(Stepdown Calculation ) 347 Beginning Scheduled Collateral Loan Count 4,681 Number Of Loans Paid In Full 79 Ending Scheduled Collateral Loan Count 4,602 Beginning Scheduled Collateral Balance 719,987,705.33 Ending Scheduled Collateral Balance 704,546,130.90 Ending Actual Collateral Balance at 31-May-2003 705,130,431.06 Monthly P &I Constant 5,354,023.35 Special Servicing Fee 0.00 Prepayment Penalties 286,659.38 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 704,546,130.90 Scheduled Principal 566,857.37 Unscheduled Principal 14,874,717.06 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 13,838,796.00 Overcollateralized Amount 8,474,873.87 Overcollateralized Deficiency Amount 5,363,922.13 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 2,623,420.57 Excess Cash Amount 2,623,420.57
Miscellaneous Reporting Credit Enhancement Percentage 19.788310% Payment under the CAP Agreement 0.00 A1 PTR (excl CAP) for Next Distribution 1.68% A2 PTR (excl CAP) for Next Distribution 1.68% A3 PTR (excl CAP) for Next Distribution 1.45% A4 PTR (excl CAP) for Next Distribution 1.77% M1 PTR (excl CAP) for Next Distribution 2.20% M2 PTR (excl CAP) for Next Distribution 3.53% M3 PTR (excl CAP) for Next Distribution 4.68% M4 PTR (excl CAP) for Next Distribution 5.68% Overcollateralization Increase 0.00
Group Level Collateral Statement Group 1 1 2 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.934286 8.041311 7.963305 Weighted Average Net Rate 7.434286 7.541311 7.463305 Pass-Through Rate 7.484157 7.412133 7.463305 Weighted Average Maturity 352 352 352 Beginning Loan Count 290 1,533 1,360 Loans Paid In Full 5 29 16 Ending Loan Count 285 1,504 1,344 Beginning Scheduled Balance 38,022,746.18 216,416,030.37 167,454,028.31 Ending scheduled Balance 37,232,041.49 211,983,056.58 163,678,571.17 Record Date 05/31/2003 05/31/2003 05/31/2003 Principal And Interest Constant 287,152.85 1,603,755.37 1,273,495.80 Scheduled Principal 35,750.08 153,531.56 162,256.17 Unscheduled Principal 754,954.61 4,279,442.23 3,613,200.97 Scheduled Interest 251,402.77 1,450,223.81 1,111,239.63 Servicing Fees 15,842.81 90,173.34 69,772.51 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 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 235,559.96 1,360,050.47 1,041,467.12 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 2 Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 7.947669 7.978746 Weighted Average Net Rate 7.447669 7.478746 Pass-Through Rate 7.447669 7.436554 Weighted Average Maturity 348 347 Beginning Loan Count 1,498 4,681 Loans Paid In Full 29 79 Ending Loan Count 1,469 4,602 Beginning Scheduled Balance 298,094,900.47 719,987,705.33 Ending scheduled Balance 291,652,461.66 704,546,130.90 Record Date 05/31/2003 05/31/2003 Principal And Interest Constant 2,189,619.33 5,354,023.35 Scheduled Principal 215,319.56 566,857.37 Unscheduled Principal 6,227,119.25 14,874,717.06 Scheduled Interest 1,974,299.77 4,787,165.98 Servicing Fees 124,206.21 299,994.87 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 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 1,850,093.56 4,487,171.11 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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