-----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, IRqq2KGVbspEDl+5Sg7gjfqMKaRn6rqHIomQuRoWghuh+H9N7lpnCeocx+c7OXOS BKmKDREXXdI+MbkQL6rcXA== 0001056404-03-001570.txt : 20030908 0001056404-03-001570.hdr.sgml : 20030908 20030908103859 ACCESSION NUMBER: 0001056404-03-001570 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORT INV INC BEAR STEARNS ARM TRUST 2002-12 CENTRAL INDEX KEY: 0001212448 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: 333-68542-17 FILM NUMBER: 03885243 BUSINESS ADDRESS: STREET 1: 383 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10179 MAIL ADDRESS: STREET 1: 383 MADISON AVE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst02012.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 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-12 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-17 80-0069971 Pooling and Servicing Agreement) (Commission 80-0069274 (State or other File Number) Pending jurisdiction IRS EIN 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 August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2002-12 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 2002-12 Trust, relating to the August 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2002-12 Trust By: Wells Fargo Bank Minnesota, N.A. as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/3/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2002-12 Trust, relating to the August 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 BST Series: 2002-12 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution I-A-1 07384MQX3 SEN 4.82804% 49,952,601.63 200,977.55 8,581,023.37 I-A-2 07384MQY1 SEN 1.96700% 0.00 0.00 0.00 I-A-3 07384MQZ8 SEN 3.13100% 26,457,790.33 69,032.78 26,457,790.33 I-A-4 07384MRA2 SEN 3.54500% 165,500,000.00 488,914.58 76,676,682.89 I-A-5 07384MRB0 SEN 4.33400% 230,500,000.00 832,489.17 0.00 I-A-6 07384MRD6 SEN 4.93500% 66,000,000.00 271,425.00 0.00 I-A-7 07384MRE4 SEN 5.06504% 111,917,600.00 472,389.09 0.00 I-X-1 07384MRF1 SEN 0.48100% 0.00 20,022.67 0.00 I-X-2 07384MRG9 SEN 1.04321% 0.00 521,929.23 0.00 I-B-1 07384MRM6 SUB 5.30904% 10,467,903.43 46,312.08 10,153.42 I-B-2 07384MRN4 SUB 5.30904% 7,975,531.28 35,285.33 7,735.92 I-B-3 07384MRP9 SUB 5.30904% 3,489,301.14 15,437.36 3,384.47 I-B-4 07384MSB9 SUB 5.30904% 1,993,857.98 8,821.22 1,933.96 I-B-5 07384MSC7 SUB 5.30904% 1,495,443.16 6,616.14 1,450.52 I-B-6 07384MSD5 SUB 5.30904% 1,495,412.36 6,616.00 1,450.49 II-A-1 07384MRH7 SEN 4.13539% 248,497,114.88 856,360.19 32,716,017.34 II-A-2 07384MRJ3 SEN 4.85739% 21,448,034.48 86,817.87 2,823,752.17 II-A-3 07384MRL8 MEZ 4.85739% 7,185,360.02 29,085.07 2,529.99 II-X-1 07384MRK0 SEN 0.72200% 0.00 149,512.43 0.00 II-B-1 07384MRQ7 SUB 4.85739% 3,934,946.88 15,927.97 1,385.51 II-B-2 07384MRR5 SUB 4.85739% 2,737,237.26 11,079.86 963.79 II-B-3 07384MRS3 SUB 4.85739% 1,368,668.50 5,540.13 481.91 II-B-4 07384MSE3 SUB 4.85739% 855,392.88 3,462.48 301.19 II-B-5 07384MSF0 SUB 4.85739% 513,275.62 2,077.65 180.73 II-B-6 07384MSG8 SUB 4.85739% 513,291.58 2,077.71 180.73 R-I 07384MRT1 RES 0.00000% 0.00 0.00 0.00 R-II 07384MRU8 SEN 4.86555% 0.00 0.00 0.00 R-III 07384MRC8 SEN 4.86555% 0.00 0.00 0.00 Totals 964,298,763.41 4,158,209.56 147,287,398.73
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 41,371,578.26 8,782,000.92 0.00 I-A-2 0.00 0.00 0.00 0.00 I-A-3 0.00 0.00 26,526,823.11 0.00 I-A-4 0.00 88,823,317.11 77,165,597.47 0.00 I-A-5 0.00 230,500,000.00 832,489.17 0.00 I-A-6 0.00 66,000,000.00 271,425.00 0.00 I-A-7 0.00 111,917,600.00 472,389.09 0.00 I-X-1 0.00 0.00 20,022.67 0.00 I-X-2 0.00 0.00 521,929.23 0.00 I-B-1 0.00 10,457,750.01 56,465.50 0.00 I-B-2 0.00 7,967,795.36 43,021.25 0.00 I-B-3 0.00 3,485,916.67 18,821.83 0.00 I-B-4 0.00 1,991,924.03 10,755.18 0.00 I-B-5 0.00 1,493,992.64 8,066.66 0.00 I-B-6 0.00 1,493,961.88 8,066.49 0.00 II-A-1 0.00 215,781,097.54 33,572,377.53 0.00 II-A-2 0.00 18,624,282.31 2,910,570.04 0.00 II-A-3 0.00 7,182,830.03 31,615.06 0.00 II-X-1 0.00 0.00 149,512.43 0.00 II-B-1 0.00 3,933,561.37 17,313.48 0.00 II-B-2 0.00 2,736,273.47 12,043.65 0.00 II-B-3 0.00 1,368,186.59 6,022.04 0.00 II-B-4 0.00 855,091.69 3,763.67 0.00 II-B-5 0.00 513,094.90 2,258.38 0.00 II-B-6 0.00 513,110.85 2,258.44 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 Totals 0.00 817,011,364.71 151,445,608.29 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-1 75,000,000.00 49,952,601.63 48,451.88 8,532,571.49 0.00 0.00 I-A-2 237,500,000.00 0.00 0.00 0.00 0.00 0.00 I-A-3 90,000,000.00 26,457,790.33 149,391.24 26,308,399.09 0.00 0.00 I-A-4 165,500,000.00 165,500,000.00 432,947.14 76,243,735.75 0.00 0.00 I-A-5 230,500,000.00 230,500,000.00 0.00 0.00 0.00 0.00 I-A-6 66,000,000.00 66,000,000.00 0.00 0.00 0.00 0.00 I-A-7 111,917,600.00 111,917,600.00 0.00 0.00 0.00 0.00 I-X-1 0.00 0.00 0.00 0.00 0.00 0.00 I-X-2 0.00 0.00 0.00 0.00 0.00 0.00 I-B-1 10,536,900.00 10,467,903.43 10,153.42 0.00 0.00 0.00 I-B-2 8,028,100.00 7,975,531.28 7,735.92 0.00 0.00 0.00 I-B-3 3,512,300.00 3,489,301.14 3,384.47 0.00 0.00 0.00 I-B-4 2,007,000.00 1,993,857.98 1,933.96 0.00 0.00 0.00 I-B-5 1,505,300.00 1,495,443.16 1,450.52 0.00 0.00 0.00 I-B-6 1,505,269.00 1,495,412.36 1,450.49 0.00 0.00 0.00 II-A-1 300,000,000.00 248,497,114.88 87,496.58 32,628,520.76 0.00 0.00 II-A-2 25,893,300.00 21,448,034.48 7,551.92 2,816,200.25 0.00 0.00 II-A-3 7,203,900.00 7,185,360.02 2,529.99 0.00 0.00 0.00 II-X-1 0.00 0.00 0.00 0.00 0.00 0.00 II-B-1 3,945,100.00 3,934,946.88 1,385.51 0.00 0.00 0.00 II-B-2 2,744,300.00 2,737,237.26 963.79 0.00 0.00 0.00 II-B-3 1,372,200.00 1,368,668.50 481.91 0.00 0.00 0.00 II-B-4 857,600.00 855,392.88 301.19 0.00 0.00 0.00 II-B-5 514,600.00 513,275.62 180.73 0.00 0.00 0.00 II-B-6 514,616.00 513,291.58 180.73 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 Totals 1,346,558,235.00 964,298,763.41 757,971.39 146,529,427.34 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 8,581,023.37 41,371,578.26 0.55162104 8,581,023.37 I-A-2 0.00 0.00 0.00000000 0.00 I-A-3 26,457,790.33 0.00 0.00000000 26,457,790.33 I-A-4 76,676,682.89 88,823,317.11 0.53669678 76,676,682.89 I-A-5 0.00 230,500,000.00 1.00000000 0.00 I-A-6 0.00 66,000,000.00 1.00000000 0.00 I-A-7 0.00 111,917,600.00 1.00000000 0.00 I-X-1 0.00 0.00 0.00000000 0.00 I-X-2 0.00 0.00 0.00000000 0.00 I-B-1 10,153.42 10,457,750.01 0.99248830 10,153.42 I-B-2 7,735.92 7,967,795.36 0.99248830 7,735.92 I-B-3 3,384.47 3,485,916.67 0.99248830 3,384.47 I-B-4 1,933.96 1,991,924.03 0.99248831 1,933.96 I-B-5 1,450.52 1,493,992.64 0.99248830 1,450.52 I-B-6 1,450.49 1,493,961.88 0.99248831 1,450.49 II-A-1 32,716,017.34 215,781,097.54 0.71927033 32,716,017.34 II-A-2 2,823,752.17 18,624,282.31 0.71927033 2,823,752.17 II-A-3 2,529.99 7,182,830.03 0.99707520 2,529.99 II-X-1 0.00 0.00 0.00000000 0.00 II-B-1 1,385.51 3,933,561.37 0.99707520 1,385.51 II-B-2 963.79 2,736,273.47 0.99707520 963.79 II-B-3 481.91 1,368,186.59 0.99707520 481.91 II-B-4 301.19 855,091.69 0.99707520 301.19 II-B-5 180.73 513,094.90 0.99707520 180.73 II-B-6 180.73 513,110.85 0.99707520 180.73 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 R-III 0.00 0.00 0.00000000 0.00 Totals 147,287,398.73 817,011,364.71 0.60674046 147,287,398.73
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 75,000,000.00 666.03468840 0.64602507 113.76761987 0.00000000 I-A-2 237,500,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 90,000,000.00 293.97544811 1.65990267 292.31554544 0.00000000 I-A-4 165,500,000.00 1000.00000000 2.61599480 460.68722508 0.00000000 I-A-5 230,500,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-6 66,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-A-7 111,917,600.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 10,536,900.00 993.45190995 0.96360599 0.00000000 0.00000000 I-B-2 8,028,100.00 993.45191017 0.96360534 0.00000000 0.00000000 I-B-3 3,512,300.00 993.45190901 0.96360505 0.00000000 0.00000000 I-B-4 2,007,000.00 993.45190832 0.96360737 0.00000000 0.00000000 I-B-5 1,505,300.00 993.45190992 0.96360858 0.00000000 0.00000000 I-B-6 1,505,269.00 993.45190793 0.96360850 0.00000000 0.00000000 II-A-1 300,000,000.00 828.32371627 0.29165527 108.76173587 0.00000000 II-A-2 25,893,300.00 828.32371617 0.29165537 108.76173566 0.00000000 II-A-3 7,203,900.00 997.42639681 0.35119727 0.00000000 0.00000000 II-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-B-1 3,945,100.00 997.42639730 0.35119769 0.00000000 0.00000000 II-B-2 2,744,300.00 997.42639653 0.35119703 0.00000000 0.00000000 II-B-3 1,372,200.00 997.42639557 0.35119516 0.00000000 0.00000000 II-B-4 857,600.00 997.42639925 0.35120103 0.00000000 0.00000000 II-B-5 514,600.00 997.42638943 0.35120482 0.00000000 0.00000000 II-B-6 514,616.00 997.42639172 0.35119390 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 114.41364493 551.62104347 0.55162104 114.41364493 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 293.97544811 0.00000000 0.00000000 293.97544811 I-A-4 0.00000000 463.30321988 536.69678012 0.53669678 463.30321988 I-A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.96360599 992.48830396 0.99248830 0.96360599 I-B-2 0.00000000 0.96360534 992.48830483 0.99248830 0.96360534 I-B-3 0.00000000 0.96360505 992.48830396 0.99248830 0.96360505 I-B-4 0.00000000 0.96360737 992.48830593 0.99248831 0.96360737 I-B-5 0.00000000 0.96360858 992.48830134 0.99248830 0.96360858 I-B-6 0.00000000 0.96360850 992.48830608 0.99248831 0.96360850 II-A-1 0.00000000 109.05339113 719.27032513 0.71927033 109.05339113 II-A-2 0.00000000 109.05339103 719.27032514 0.71927033 109.05339103 II-A-3 0.00000000 0.35119727 997.07519954 0.99707520 0.35119727 II-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-B-1 0.00000000 0.35119769 997.07519961 0.99707520 0.35119769 II-B-2 0.00000000 0.35119703 997.07519950 0.99707520 0.35119703 II-B-3 0.00000000 0.35119516 997.07520041 0.99707520 0.35119516 II-B-4 0.00000000 0.35120103 997.07519823 0.99707520 0.35120103 II-B-5 0.00000000 0.35120482 997.07520404 0.99707520 0.35120482 II-B-6 0.00000000 0.35119390 997.07519782 0.99707520 0.35119390 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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-1 75,000,000.00 4.82804% 49,952,601.63 200,977.55 0.00 0.00 I-A-2 237,500,000.00 1.96700% 0.00 0.00 0.00 0.00 I-A-3 90,000,000.00 3.13100% 26,457,790.33 69,032.78 0.00 0.00 I-A-4 165,500,000.00 3.54500% 165,500,000.00 488,914.58 0.00 0.00 I-A-5 230,500,000.00 4.33400% 230,500,000.00 832,489.17 0.00 0.00 I-A-6 66,000,000.00 4.93500% 66,000,000.00 271,425.00 0.00 0.00 I-A-7 111,917,600.00 5.06504% 111,917,600.00 472,389.09 0.00 0.00 I-X-1 0.00 0.48100% 49,952,601.63 20,022.67 0.00 0.00 I-X-2 0.00 1.04321% 600,375,390.33 521,929.23 0.00 0.00 I-B-1 10,536,900.00 5.30904% 10,467,903.43 46,312.08 0.00 0.00 I-B-2 8,028,100.00 5.30904% 7,975,531.28 35,285.33 0.00 0.00 I-B-3 3,512,300.00 5.30904% 3,489,301.14 15,437.36 0.00 0.00 I-B-4 2,007,000.00 5.30904% 1,993,857.98 8,821.22 0.00 0.00 I-B-5 1,505,300.00 5.30904% 1,495,443.16 6,616.14 0.00 0.00 I-B-6 1,505,269.00 5.30904% 1,495,412.36 6,616.00 0.00 0.00 II-A-1 300,000,000.00 4.13539% 248,497,114.88 856,360.19 0.00 0.00 II-A-2 25,893,300.00 4.85739% 21,448,034.48 86,817.87 0.00 0.00 II-A-3 7,203,900.00 4.85739% 7,185,360.02 29,085.07 0.00 0.00 II-X-1 0.00 0.72200% 248,497,114.88 149,512.43 0.00 0.00 II-B-1 3,945,100.00 4.85739% 3,934,946.88 15,927.97 0.00 0.00 II-B-2 2,744,300.00 4.85739% 2,737,237.26 11,079.86 0.00 0.00 II-B-3 1,372,200.00 4.85739% 1,368,668.50 5,540.13 0.00 0.00 II-B-4 857,600.00 4.85739% 855,392.88 3,462.48 0.00 0.00 II-B-5 514,600.00 4.85739% 513,275.62 2,077.65 0.00 0.00 II-B-6 514,616.00 4.85739% 513,291.58 2,077.71 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 4.86555% 0.00 0.00 0.00 0.00 R-III 50.00 4.86555% 0.00 0.00 0.00 0.00 Totals 1,346,558,235.00 4,158,209.56 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-1 0.00 0.00 200,977.55 0.00 41,371,578.26 I-A-2 0.00 0.00 0.00 0.00 0.00 I-A-3 0.00 0.00 69,032.78 0.00 0.00 I-A-4 0.00 0.00 488,914.58 0.00 88,823,317.11 I-A-5 0.00 0.00 832,489.17 0.00 230,500,000.00 I-A-6 0.00 0.00 271,425.00 0.00 66,000,000.00 I-A-7 0.00 0.00 472,389.09 0.00 111,917,600.00 I-X-1 0.00 0.00 20,022.67 0.00 41,371,578.26 I-X-2 0.00 0.00 521,929.23 0.00 497,240,917.11 I-B-1 0.00 0.00 46,312.08 0.00 10,457,750.01 I-B-2 0.00 0.00 35,285.33 0.00 7,967,795.36 I-B-3 0.00 0.00 15,437.36 0.00 3,485,916.67 I-B-4 0.00 0.00 8,821.22 0.00 1,991,924.03 I-B-5 0.00 0.00 6,616.14 0.00 1,493,992.64 I-B-6 0.00 0.00 6,616.00 0.00 1,493,961.88 II-A-1 0.00 0.00 856,360.19 0.00 215,781,097.54 II-A-2 0.00 0.00 86,817.87 0.00 18,624,282.31 II-A-3 0.00 0.00 29,085.07 0.00 7,182,830.03 II-X-1 0.00 0.00 149,512.43 0.00 215,781,097.54 II-B-1 0.00 0.00 15,927.97 0.00 3,933,561.37 II-B-2 0.00 0.00 11,079.86 0.00 2,736,273.47 II-B-3 0.00 0.00 5,540.13 0.00 1,368,186.59 II-B-4 0.00 0.00 3,462.48 0.00 855,091.69 II-B-5 0.00 0.00 2,077.65 0.00 513,094.90 II-B-6 0.00 0.00 2,077.71 0.00 513,110.85 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,158,209.56 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-1 75,000,000.00 4.82804% 666.03468840 2.67970067 0.00000000 0.00000000 I-A-2 237,500,000.00 1.96700% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 90,000,000.00 3.13100% 293.97544811 0.76703089 0.00000000 0.00000000 I-A-4 165,500,000.00 3.54500% 1000.00000000 2.95416665 0.00000000 0.00000000 I-A-5 230,500,000.00 4.33400% 1000.00000000 3.61166668 0.00000000 0.00000000 I-A-6 66,000,000.00 4.93500% 1000.00000000 4.11250000 0.00000000 0.00000000 I-A-7 111,917,600.00 5.06504% 1000.00000000 4.22086508 0.00000000 0.00000000 I-X-1 0.00 0.48100% 666.03468840 0.26696893 0.00000000 0.00000000 I-X-2 0.00 1.04321% 666.03468840 0.57900936 0.00000000 0.00000000 I-B-1 10,536,900.00 5.30904% 993.45190995 4.39522820 0.00000000 0.00000000 I-B-2 8,028,100.00 5.30904% 993.45191017 4.39522801 0.00000000 0.00000000 I-B-3 3,512,300.00 5.30904% 993.45190901 4.39522820 0.00000000 0.00000000 I-B-4 2,007,000.00 5.30904% 993.45190832 4.39522671 0.00000000 0.00000000 I-B-5 1,505,300.00 5.30904% 993.45190992 4.39523019 0.00000000 0.00000000 I-B-6 1,505,269.00 5.30904% 993.45190793 4.39522770 0.00000000 0.00000000 II-A-1 300,000,000.00 4.13539% 828.32371627 2.85453397 0.00000000 0.00000000 II-A-2 25,893,300.00 4.85739% 828.32371617 3.35290867 0.00000000 0.00000000 II-A-3 7,203,900.00 4.85739% 997.42639681 4.03740613 0.00000000 0.00000000 II-X-1 0.00 0.72200% 828.32371627 0.49837477 0.00000000 0.00000000 II-B-1 3,945,100.00 4.85739% 997.42639730 4.03740590 0.00000000 0.00000000 II-B-2 2,744,300.00 4.85739% 997.42639653 4.03740845 0.00000000 0.00000000 II-B-3 1,372,200.00 4.85739% 997.42639557 4.03740708 0.00000000 0.00000000 II-B-4 857,600.00 4.85739% 997.42639925 4.03740672 0.00000000 0.00000000 II-B-5 514,600.00 4.85739% 997.42638943 4.03740770 0.00000000 0.00000000 II-B-6 514,616.00 4.85739% 997.42639172 4.03739876 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.86555% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.86555% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1,000 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-1 0.00000000 0.00000000 2.67970067 0.00000000 551.62104347 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 0.00000000 0.76703089 0.00000000 0.00000000 I-A-4 0.00000000 0.00000000 2.95416665 0.00000000 536.69678012 I-A-5 0.00000000 0.00000000 3.61166668 0.00000000 1000.00000000 I-A-6 0.00000000 0.00000000 4.11250000 0.00000000 1000.00000000 I-A-7 0.00000000 0.00000000 4.22086508 0.00000000 1000.00000000 I-X-1 0.00000000 0.00000000 0.26696893 0.00000000 551.62104347 I-X-2 0.00000000 0.00000000 0.57900936 0.00000000 551.62104347 I-B-1 0.00000000 0.00000000 4.39522820 0.00000000 992.48830396 I-B-2 0.00000000 0.00000000 4.39522801 0.00000000 992.48830483 I-B-3 0.00000000 0.00000000 4.39522820 0.00000000 992.48830396 I-B-4 0.00000000 0.00000000 4.39522671 0.00000000 992.48830593 I-B-5 0.00000000 0.00000000 4.39523019 0.00000000 992.48830134 I-B-6 0.00000000 0.00000000 4.39522770 0.00000000 992.48830608 II-A-1 0.00000000 0.00000000 2.85453397 0.00000000 719.27032513 II-A-2 0.00000000 0.00000000 3.35290867 0.00000000 719.27032514 II-A-3 0.00000000 0.00000000 4.03740613 0.00000000 997.07519954 II-X-1 0.00000000 0.00000000 0.49837477 0.00000000 719.27032513 II-B-1 0.00000000 0.00000000 4.03740590 0.00000000 997.07519961 II-B-2 0.00000000 0.00000000 4.03740845 0.00000000 997.07519950 II-B-3 0.00000000 0.00000000 4.03740708 0.00000000 997.07520041 II-B-4 0.00000000 0.00000000 4.03740672 0.00000000 997.07519823 II-B-5 0.00000000 0.00000000 4.03740770 0.00000000 997.07520404 II-B-6 0.00000000 0.00000000 4.03739876 0.00000000 997.07519782 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage I-X-2-1 3.38882% 0.00 0.00 0.00 0.00 0.00000000% I-X-2-2 2.17804% 26,457,790.33 0.00 0.00 0.00 0.00000000% I-X-2-3 1.76404% 165,500,000.00 88,823,317.11 0.00 0.00 53.66967801% I-X-2-4 0.97504% 230,500,000.00 230,500,000.00 0.00 0.00 100.00000000% I-X-2-5 0.37404% 66,000,000.00 66,000,000.00 0.00 0.00 100.00000000% I-X-2-6 0.24400% 111,917,600.00 111,917,600.00 0.00 0.00 100.00000000%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 151,421,220.59 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 24,387.70 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 151,445,608.29 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 0.00 Payment of Interest and Principal 151,445,608.29 Total Withdrawals (Pool Distribution Amount) 151,445,608.29 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 313,662.73 Servicing Fee Support 313,662.73 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 313,662.73 Supported Prepayment/Curtailment Interest Shortfall 313,662.73 Net Servicing Fee 0.00
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 9 0 0 0 9 4,430,866.41 0.00 0.00 0.00 4,430,866.41 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 9 0 0 0 9 4,430,866.41 0.00 0.00 0.00 4,430,866.41 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 0.563557% 0.000000% 0.000000% 0.000000% 0.563557% 0.541966% 0.000000% 0.000000% 0.000000% 0.541966% 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 0.563557% 0.000000% 0.000000% 0.000000% 0.563557% 0.541966% 0.000000% 0.000000% 0.000000% 0.541966%
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 9 0 0 0 9 4,430,866.41 0.00 0.00 0.00 4,430,866.41 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 9 0 0 0 9 4,430,866.41 0.00 0.00 0.00 4,430,866.41 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.774527% 0.000000% 0.000000% 0.000000% 0.774527% 0.782880% 0.000000% 0.000000% 0.000000% 0.782880% 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 0.774527% 0.000000% 0.000000% 0.000000% 0.774527% 0.782880% 0.000000% 0.000000% 0.000000% 0.782880% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 24,387.70
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.564921% Weighted Average Net Coupon 5.174591% Weighted Average Pass-Through Rate 5.174591% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 1,868 Number Of Loans Paid In Full 271 Ending Scheduled Collateral Loan Count 1,597 Beginning Scheduled Collateral Balance 964,298,764.15 Ending Scheduled Collateral Balance 817,011,365.44 Ending Actual Collateral Balance at 31-Jul-2003 817,553,621.13 Monthly P &I Constant 5,229,843.69 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 817,011,365.44 Scheduled Principal 757,971.37 Unscheduled Principal 146,529,427.34
Miscellaneous Reporting Senior Percentage Group 1 96.025451% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 3.974549% Subordinate Prepayment Percent Group 1 0.000000% Average Loss Severity Group 1 0 Senior Percentage Group 2 94.040071% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 5.959929% Subordinate Prepayment Percent Group 2 0.000000% Average Loss Severity Group 2 0 Diverted Amount 0.00
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.684038 5.283889 5.564921 Weighted Average Net Rate 5.309038 4.857389 5.174591 Weighted Average Maturity 350 352 351 Beginning Loan Count 1,378 490 1,868 Loans Paid In Full 216 55 271 Ending Loan Count 1,162 435 1,597 Beginning Scheduled Balance 677,245,441.38 287,053,322.77 964,298,764.15 Ending scheduled Balance 565,503,836.02 251,507,529.42 817,011,365.44 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 3,864,806.44 1,365,037.25 5,229,843.69 Scheduled Principal 656,899.03 101,072.34 757,971.37 Unscheduled Principal 111,084,706.33 35,444,721.01 146,529,427.34 Scheduled Interest 3,207,907.41 1,263,964.91 4,471,872.32 Servicing Fees 211,639.20 102,023.53 313,662.73 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 2,996,268.21 1,161,941.38 4,158,209.59 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 5.309038 4.857389 5.174591
-----END PRIVACY-ENHANCED MESSAGE-----