-----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, DLJtp4lGbya5mp2C7OXRRLk5901ntX7nZH+VZEgdBaWdv6AaUK4lLeynz43ZfX1U SKDGeaBR/+FLR1TLRCi15w== 0001056404-03-001469.txt : 20030828 0001056404-03-001469.hdr.sgml : 20030828 20030828094818 ACCESSION NUMBER: 0001056404-03-001469 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030815 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030828 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: 03869800 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 AUGUST 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): August 15, 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 54-2090849 (State or other File Number) 54-2090850 jurisdiction 54-2090851 of Incorporation) 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 August 15, 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 August 15, 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: 8/26/03 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 August 15, 2003 distribution.
Asset Backed Securities Corp Home Equity Loan Trust Asset Backed Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/15/03 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% 0.00 351,642.08 0.00 B-IO 00077SAB2 SUB IO 3.50000% 0.00 146,094.82 0.00 A1 04541GDE9 SEN 1.60688% 192,817,218.26 267,476.83 7,486,563.58 A2 04541GDF6 SEN 1.60688% 126,872,869.43 175,995.54 5,199,930.87 A3 04541GDG4 SEN 1.37688% 155,061,386.68 184,335.36 9,330,785.05 A4 04541GDH2 SEN 1.69688% 72,600,000.00 106,328.28 0.00 M1 04541GDK5 MEZ 2.12688% 49,700,000.00 91,230.29 0.00 M2 04541GDL3 MEZ 3.45688% 41,200,000.00 122,910.46 0.00 M3 04541GDM1 MEZ 4.60688% 28,800,000.00 114,496.90 0.00 M4 04541GDN9 MEZ 5.60688% 11,242,900.00 54,398.52 0.00 X 00077SAC0 SUB OC 0.00000% 0.01 2,660,221.66 0.00 P 00077SAD8 SEN 0.00000% 100.00 509,941.10 0.00 CSFB SEN 0.00000% 0.00 0.00 0.00 Totals 678,294,474.38 4,785,071.84 22,017,279.50
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-IO 0.00 0.00 351,642.08 0.00 B-IO 0.00 0.00 146,094.82 0.00 A1 0.00 185,330,654.68 7,754,040.41 0.00 A2 0.00 121,672,938.55 5,375,926.41 0.00 A3 0.00 145,730,601.63 9,515,120.41 0.00 A4 0.00 72,600,000.00 106,328.28 0.00 M1 0.00 49,700,000.00 91,230.29 0.00 M2 0.00 41,200,000.00 122,910.46 0.00 M3 0.00 28,800,000.00 114,496.90 0.00 M4 0.00 11,242,900.00 54,398.52 0.00 X 0.00 0.01 2,660,221.66 0.00 P 0.00 100.00 509,941.10 0.00 CSFB 0.00 0.00 0.00 0.00 Totals 0.00 656,277,194.87 26,802,351.34 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 217,500,000.00 192,817,218.26 0.00 7,486,563.58 0.00 0.00 A2 143,000,000.00 126,872,869.43 0.00 5,199,930.87 0.00 0.00 A3 184,000,000.00 155,061,386.68 0.00 9,330,785.05 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 748,043,000.00 678,294,474.38 0.00 22,017,279.50 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 7,486,563.58 185,330,654.68 0.85209496 7,486,563.58 A2 5,199,930.87 121,672,938.55 0.85085971 5,199,930.87 A3 9,330,785.05 145,730,601.63 0.79201414 9,330,785.05 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 22,017,279.50 656,277,194.87 0.87732549 22,017,279.50
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 217,500,000.00 886.51594602 0.00000000 34.42098198 0.00000000 A2 143,000,000.00 887.22286315 0.00000000 36.36315294 0.00000000 A3 184,000,000.00 842.72492761 0.00000000 50.71078832 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 34.42098198 852.09496405 0.85209496 34.42098198 A2 0.00000000 36.36315294 850.85971014 0.85085971 36.36315294 A3 0.00000000 50.71078832 792.01413929 0.79201414 50.71078832 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, 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 A-IO 0.00 5.00000% 84,200,000.00 350,833.33 808.75 0.00 B-IO 0.00 3.50000% 50,000,000.00 145,833.33 261.49 0.00 A1 217,500,000.00 1.60688% 192,817,218.26 266,801.61 675.22 0.00 A2 143,000,000.00 1.60688% 126,872,869.43 175,554.27 441.27 0.00 A3 184,000,000.00 1.37688% 155,061,386.68 183,848.02 487.34 0.00 A4 72,600,000.00 1.69688% 72,600,000.00 106,083.28 245.00 0.00 M1 49,700,000.00 2.12688% 49,700,000.00 91,024.56 205.73 0.00 M2 41,200,000.00 3.45688% 41,200,000.00 122,642.42 268.04 0.00 M3 28,800,000.00 4.60688% 28,800,000.00 114,250.62 246.28 0.00 M4 11,242,900.00 5.60688% 11,242,900.00 54,282.37 116.15 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 1,611,153.81 3,755.27 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 0.00 0.00 351,642.08 0.00 82,100,000.00 B-IO 0.00 0.00 146,094.82 0.00 50,000,000.00 A1 0.00 0.00 267,476.83 0.00 185,330,654.68 A2 0.00 0.00 175,995.54 0.00 121,672,938.55 A3 0.00 0.00 184,335.36 0.00 145,730,601.63 A4 0.00 0.00 106,328.28 0.00 72,600,000.00 M1 0.00 0.00 91,230.29 0.00 49,700,000.00 M2 0.00 0.00 122,910.46 0.00 41,200,000.00 M3 0.00 0.00 114,496.90 0.00 28,800,000.00 M4 0.00 0.00 54,398.52 0.00 11,242,900.00 X 617.32 0.00 2,660,221.66 0.00 0.01 P 0.00 0.00 509,941.10 0.00 100.00 CSFB 0.00 0.00 0.00 0.00 0.00 Totals 617.32 0.00 4,785,071.84 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 A-IO 0.00 5.00000% 855.69105691 3.56537937 0.00821900 0.00000000 B-IO 0.00 3.50000% 1000.00000000 2.91666660 0.00522980 0.00000000 A1 217,500,000.00 1.60688% 886.51594602 1.22667407 0.00310446 0.00000000 A2 143,000,000.00 1.60688% 887.22286315 1.22765224 0.00308580 0.00000000 A3 184,000,000.00 1.37688% 842.72492761 0.99917402 0.00264859 0.00000000 A4 72,600,000.00 1.69688% 1000.00000000 1.46120220 0.00337466 0.00000000 M1 49,700,000.00 2.12688% 1000.00000000 1.83148008 0.00413944 0.00000000 M2 41,200,000.00 3.45688% 1000.00000000 2.97675777 0.00650583 0.00000000 M3 28,800,000.00 4.60688% 1000.00000000 3.96703542 0.00855139 0.00000000 M4 11,242,900.00 5.60688% 1000.00000000 4.82814665 0.01033096 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 0.00000000 0.00000000 3.57359837 0.00000000 834.34959350 B-IO 0.00000000 0.00000000 2.92189640 0.00000000 1000.00000000 A1 0.00000000 0.00000000 1.22977853 0.00000000 852.09496405 A2 0.00000000 0.00000000 1.23073804 0.00000000 850.85971014 A3 0.00000000 0.00000000 1.00182261 0.00000000 792.01413929 A4 0.00000000 0.00000000 1.46457686 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.83561952 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.98326359 0.00000000 1000.00000000 M3 0.00000000 0.00000000 3.97558681 0.00000000 1000.00000000 M4 0.00000000 0.00000000 4.83847762 0.00000000 1000.00000000 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 5099411.00000000 0.00000000 1000.00000000 CSFB 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 26,565,639.97 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 355,163.53 Realized Loss (Gains, Subsequent Expenses & Recoveries) (15,024.52) Prepayment Penalties 509,941.10 Total Deposits 27,415,720.08 Withdrawals Reimbursement for Servicer Advances 301,216.29 Payment of Service Fee 312,152.45 Payment of Interest and Principal 26,802,351.34 Total Withdrawals (Pool Distribution Amount) 27,415,720.08 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 617.32
SERVICING FEES Gross Servicing Fee 288,388.85 Strip Amount 23,763.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 312,152.45
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 20 5 1 26 3,310,720.51 925,596.27 37,211.81 4,273,528.59 30 Days 133 3 2 0 138 21,950,074.39 523,259.42 198,452.34 0.00 22,671,786.15 60 Days 37 5 6 0 48 5,836,277.49 1,059,165.68 1,037,059.89 0.00 7,932,503.06 90 Days 27 8 82 3 120 3,904,823.77 1,458,233.81 10,438,596.25 294,902.98 16,096,556.81 120 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 197 36 95 4 332 31,691,175.65 6,351,379.42 12,599,704.75 332,114.79 50,974,374.61 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 0.452591% 0.113148% 0.022630% 0.588368% 0.493591% 0.137996% 0.005548% 0.637135% 30 Days 3.009731% 0.067889% 0.045259% 0.000000% 3.122878% 3.272507% 0.078012% 0.029587% 0.000000% 3.380106% 60 Days 0.837294% 0.113148% 0.135777% 0.000000% 1.086219% 0.870123% 0.157910% 0.154614% 0.000000% 1.182646% 90 Days 0.610998% 0.181036% 1.855623% 0.067889% 2.715547% 0.582165% 0.217406% 1.556276% 0.043967% 2.399814% 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 4.458022% 0.814664% 2.149808% 0.090518% 7.513012% 4.724795% 0.946919% 1.878473% 0.049515% 7.599701%
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 9 3 1 13 1,569,635.32 578,165.98 37,211.81 2,185,013.11 30 Days 59 1 2 0 62 8,737,821.39 242,694.17 198,452.34 0.00 9,178,967.90 60 Days 13 2 1 0 16 1,498,378.88 152,094.81 82,243.51 0.00 1,732,717.20 90 Days 7 1 38 2 48 659,914.33 50,822.90 4,282,757.11 254,620.84 5,248,115.18 120 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 79 13 44 3 139 10,896,114.60 2,015,247.20 5,141,618.94 291,832.65 18,344,813.39 0-29 Days 3.260870% 1.086957% 0.362319% 4.710145% 4.391104% 1.617438% 0.104101% 6.112643% 30 Days 21.376812% 0.362319% 0.724638% 0.000000% 22.463768% 24.444332% 0.678945% 0.555177% 0.000000% 25.678453% 60 Days 4.710145% 0.724638% 0.362319% 0.000000% 5.797101% 4.191762% 0.425490% 0.230079% 0.000000% 4.847331% 90 Days 2.536232% 0.362319% 13.768116% 0.724638% 17.391304% 1.846131% 0.142179% 11.981149% 0.712310% 14.681768% 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 28.623188% 4.710145% 15.942029% 1.086957% 50.362319% 30.482225% 5.637718% 14.383842% 0.816411% 51.320196% 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 11 2 0 13 1,741,085.19 347,430.29 0.00 2,088,515.48 30 Days 74 2 0 0 76 13,212,253.00 280,565.25 0.00 0.00 13,492,818.25 60 Days 24 3 5 0 32 4,337,898.61 907,070.87 954,816.38 0.00 6,199,785.86 90 Days 20 7 44 1 72 3,244,909.44 1,407,410.91 6,155,839.14 40,282.14 10,848,441.63 120 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 118 23 51 1 193 20,795,061.05 4,336,132.22 7,458,085.81 40,282.14 32,629,561.22 0-29 Days 0.841622% 0.153022% 0.000000% 0.994644% 1.098067% 0.219117% 0.000000% 1.317185% 30 Days 5.661821% 0.153022% 0.000000% 0.000000% 5.814843% 8.332701% 0.176947% 0.000000% 0.000000% 8.509648% 60 Days 1.836266% 0.229533% 0.382555% 0.000000% 2.448355% 2.735825% 0.572071% 0.602183% 0.000000% 3.910080% 90 Days 1.530222% 0.535578% 3.366488% 0.076511% 5.508799% 2.046499% 0.887626% 3.882363% 0.025405% 6.841893% 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 9.028309% 1.759755% 3.902066% 0.076511% 14.766641% 13.115025% 2.734711% 4.703664% 0.025405% 20.578805% 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 355,163.53
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.980499% Weighted Average Net Coupon 7.480499% Weighted Average Pass-Through Rate 7.439213% Weighted Average Maturity(Stepdown Calculation ) 345 Beginning Scheduled Collateral Loan Count 4,537 Number Of Loans Paid In Full 118 Ending Scheduled Collateral Loan Count 4,419 Beginning Scheduled Collateral Balance 692,133,270.36 Ending Scheduled Collateral Balance 670,115,990.86 Ending Actual Collateral Balance at 31-Jul-2003 670,741,819.92 Monthly P &I Constant 5,156,344.53 Special Servicing Fee 0.00 Prepayment Penalties 509,941.10 Realized Loss Amount 15,024.52 Cumulative Realized Loss 15,024.52 Ending Scheduled Balance for Premium Loans 670,115,990.86 Scheduled Principal 553,370.38 Unscheduled Principal 21,463,909.12 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 13,823,771.48 Overcollateralized Deficiency Amount 15,024.52 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 15,024.52 Excess Cash Amount 2,679,618.78
Miscellaneous Reporting Credit Enhancement Percentage 21.603226% Payment under the CAP Agreement 0 A1 PTR (excl CAP) for Next Distribution 1.61% A2 PTR (excl CAP) for Next Distribution 1.61% A3 PTR (excl CAP) for Next Distribution 1.38% A4 PTR (excl CAP) for Next Distribution 1.70% M1 PTR (excl CAP) for Next Distribution 2.13% M2 PTR (excl CAP) for Next Distribution 3.46% M3 PTR (excl CAP) for Next Distribution 4.61% M4 PTR (excl CAP) for Next Distribution 5.61% Overcollateralization Increase 15,024.53 % of Prepayment Penalties Being Passed 91.92
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 7.942295 8.050504 7.961842 Weighted Average Net Rate 7.442296 7.550504 7.461842 Weighted Average Maturity 350 350 350 Beginning Loan Count 281 1,481 1,330 Loans Paid In Full 5 41 23 Ending Loan Count 276 1,440 1,307 Beginning Scheduled Balance 36,634,812.78 207,296,790.35 162,224,138.14 Ending scheduled Balance 35,711,023.17 200,739,125.19 158,394,843.68 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 277,546.45 1,539,739.83 1,235,825.18 Scheduled Principal 35,076.03 149,036.84 159,489.32 Unscheduled Principal 888,713.58 6,408,628.32 3,669,805.14 Scheduled Interest 242,470.42 1,390,702.99 1,076,335.86 Servicing Fees 15,264.50 86,373.66 67,593.39 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 227,205.92 1,304,329.33 1,008,742.47 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 7.492810 7.410043 7.461842
Group Level Collateral Statement Group 2 Total Collateral Description Fixed 15/30 & ARM Fixed & Mixed ARM Weighted Average Coupon Rate 7.945232 7.980499 Weighted Average Net Rate 7.445232 7.480499 Weighted Average Maturity 346 345 Beginning Loan Count 1,445 4,537 Loans Paid In Full 49 118 Ending Loan Count 1,396 4,419 Beginning Scheduled Balance 285,977,529.09 692,133,270.36 Ending scheduled Balance 275,270,998.82 670,115,990.86 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 2,103,233.07 5,156,344.53 Scheduled Principal 209,768.19 553,370.38 Unscheduled Principal 10,496,762.08 21,463,909.12 Scheduled Interest 1,893,464.88 4,602,974.15 Servicing Fees 119,157.30 288,388.85 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 1,774,307.58 4,314,585.30 Realized Loss Amount 15,024.52 15,024.52 Cumulative Realized Loss 15,024.52 15,024.52 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 7.445232 7.439213
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