-----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, CVj54VOUb307yMhsvoWqMsxXFq7+m/4/AQo1BEjT4FLbSap31vSpdzyIdRfjUGM3 tLqWDypmTs7SPnL4hGtBlA== 0001056404-03-001714.txt : 20031002 0001056404-03-001714.hdr.sgml : 20031002 20031002141157 ACCESSION NUMBER: 0001056404-03-001714 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031002 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: 03923478 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 SEPTEMBER 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): September 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) 90-0102911 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 September 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 September 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: 9/25/03 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 September 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 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 4.81597% 41,371,578.26 166,036.92 8,839,067.89 I-A-2 07384MQY1 SEN 1.96700% 0.00 0.00 0.00 I-A-3 07384MQZ8 SEN 3.13100% 0.00 0.00 0.00 I-A-4 07384MRA2 SEN 3.54500% 88,823,317.11 262,398.88 88,823,317.11 I-A-5 07384MRB0 SEN 4.33400% 230,500,000.00 832,489.17 17,412,567.79 I-A-6 07384MRD6 SEN 4.93500% 66,000,000.00 271,425.00 0.00 I-A-7 07384MRE4 SEN 5.05297% 111,917,600.00 471,263.61 0.00 I-X-1 07384MRF1 SEN 0.48100% 0.00 16,583.11 0.00 I-X-2 07384MRG9 SEN 0.86232% 0.00 357,315.41 0.00 I-B-1 07384MRM6 SUB 5.29697% 10,457,750.01 46,161.99 10,366.60 I-B-2 07384MRN4 SUB 5.29697% 7,967,795.36 35,170.98 7,898.35 I-B-3 07384MRP9 SUB 5.29697% 3,485,916.67 15,387.33 3,455.53 I-B-4 07384MSB9 SUB 5.29697% 1,991,924.03 8,792.64 1,974.56 I-B-5 07384MSC7 SUB 5.29697% 1,493,992.64 6,594.70 1,480.97 I-B-6 07384MSD5 SUB 5.29697% 1,493,961.88 6,594.56 1,480.94 II-A-1 07384MRH7 SEN 4.12369% 215,781,097.54 741,512.67 18,702,972.10 II-A-2 07384MRJ3 SEN 4.84569% 18,624,282.31 75,206.31 1,614,272.23 II-A-3 07384MRL8 MEZ 4.84569% 7,182,830.03 29,004.83 2,609.94 II-X-1 07384MRK0 SEN 0.72200% 0.00 129,828.29 0.00 II-B-1 07384MRQ7 SUB 4.84569% 3,933,561.37 15,884.03 1,429.29 II-B-2 07384MRR5 SUB 4.84569% 2,736,273.47 11,049.29 994.25 II-B-3 07384MRS3 SUB 4.84569% 1,368,186.59 5,524.84 497.14 II-B-4 07384MSE3 SUB 4.84569% 855,091.69 3,452.93 310.70 II-B-5 07384MSF0 SUB 4.84569% 513,094.90 2,071.92 186.44 II-B-6 07384MSG8 SUB 4.84569% 513,110.85 2,071.98 186.44 R-I 07384MRT1 RES 0.00000% 0.00 0.00 0.00 R-II 07384MRU8 SEN 4.86243% 0.00 0.00 0.00 R-III 07384MRC8 SEN 4.86243% 0.00 0.00 0.00 Totals 817,011,364.71 3,511,821.39 135,425,068.27
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 32,532,510.37 9,005,104.81 0.00 I-A-2 0.00 0.00 0.00 0.00 I-A-3 0.00 0.00 0.00 0.00 I-A-4 0.00 0.00 89,085,715.99 0.00 I-A-5 0.00 213,087,432.21 18,245,056.96 0.00 I-A-6 0.00 66,000,000.00 271,425.00 0.00 I-A-7 0.00 111,917,600.00 471,263.61 0.00 I-X-1 0.00 0.00 16,583.11 0.00 I-X-2 0.00 0.00 357,315.41 0.00 I-B-1 0.00 10,447,383.41 56,528.59 0.00 I-B-2 0.00 7,959,897.01 43,069.33 0.00 I-B-3 0.00 3,482,461.14 18,842.86 0.00 I-B-4 0.00 1,989,949.46 10,767.20 0.00 I-B-5 0.00 1,492,511.67 8,075.67 0.00 I-B-6 0.00 1,492,480.94 8,075.50 0.00 II-A-1 0.00 197,078,125.44 19,444,484.77 0.00 II-A-2 0.00 17,010,010.08 1,689,478.54 0.00 II-A-3 0.00 7,180,220.09 31,614.77 0.00 II-X-1 0.00 0.00 129,828.29 0.00 II-B-1 0.00 3,932,132.08 17,313.32 0.00 II-B-2 0.00 2,735,279.22 12,043.54 0.00 II-B-3 0.00 1,367,689.45 6,021.98 0.00 II-B-4 0.00 854,780.99 3,763.63 0.00 II-B-5 0.00 512,908.46 2,258.36 0.00 II-B-6 0.00 512,924.41 2,258.42 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 0.00 681,586,296.43 138,936,889.66 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 41,371,578.26 41,011.00 8,798,056.90 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 0.00 0.00 0.00 0.00 0.00 I-A-4 165,500,000.00 88,823,317.11 412,117.31 88,411,199.79 0.00 0.00 I-A-5 230,500,000.00 230,500,000.00 80,789.83 17,331,777.96 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 10,457,750.01 10,366.60 0.00 0.00 0.00 I-B-2 8,028,100.00 7,967,795.36 7,898.35 0.00 0.00 0.00 I-B-3 3,512,300.00 3,485,916.67 3,455.53 0.00 0.00 0.00 I-B-4 2,007,000.00 1,991,924.03 1,974.56 0.00 0.00 0.00 I-B-5 1,505,300.00 1,493,992.64 1,480.97 0.00 0.00 0.00 I-B-6 1,505,269.00 1,493,961.88 1,480.94 0.00 0.00 0.00 II-A-1 300,000,000.00 215,781,097.54 78,405.78 18,624,566.33 0.00 0.00 II-A-2 25,893,300.00 18,624,282.31 6,767.28 1,607,504.94 0.00 0.00 II-A-3 7,203,900.00 7,182,830.03 2,609.94 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 3,933,561.37 1,429.29 0.00 0.00 0.00 II-B-2 2,744,300.00 2,736,273.47 994.25 0.00 0.00 0.00 II-B-3 1,372,200.00 1,368,186.59 497.14 0.00 0.00 0.00 II-B-4 857,600.00 855,091.69 310.70 0.00 0.00 0.00 II-B-5 514,600.00 513,094.90 186.44 0.00 0.00 0.00 II-B-6 514,616.00 513,110.85 186.44 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 1,346,558,235.00 817,011,364.71 651,962.35 134,773,105.92 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 8,839,067.89 32,532,510.37 0.43376680 8,839,067.89 I-A-2 0.00 0.00 0.00000000 0.00 I-A-3 0.00 0.00 0.00000000 0.00 I-A-4 88,823,317.11 0.00 0.00000000 88,823,317.11 I-A-5 17,412,567.79 213,087,432.21 0.92445741 17,412,567.79 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 10,366.60 10,447,383.41 0.99150447 10,366.60 I-B-2 7,898.35 7,959,897.01 0.99150447 7,898.35 I-B-3 3,455.53 3,482,461.14 0.99150447 3,455.53 I-B-4 1,974.56 1,989,949.46 0.99150446 1,974.56 I-B-5 1,480.97 1,492,511.67 0.99150446 1,480.97 I-B-6 1,480.94 1,492,480.94 0.99150447 1,480.94 II-A-1 18,702,972.10 197,078,125.44 0.65692708 18,702,972.10 II-A-2 1,614,272.23 17,010,010.08 0.65692708 1,614,272.23 II-A-3 2,609.94 7,180,220.09 0.99671290 2,609.94 II-X-1 0.00 0.00 0.00000000 0.00 II-B-1 1,429.29 3,932,132.08 0.99671290 1,429.29 II-B-2 994.25 2,735,279.22 0.99671290 994.25 II-B-3 497.14 1,367,689.45 0.99671291 497.14 II-B-4 310.70 854,780.99 0.99671291 310.70 II-B-5 186.44 512,908.46 0.99671290 186.44 II-B-6 186.44 512,924.41 0.99671291 186.44 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 135,425,068.27 681,586,296.43 0.50616919 135,425,068.27
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 75,000,000.00 551.62104347 0.54681333 117.30742533 0.00000000 I-A-2 237,500,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 90,000,000.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 165,500,000.00 536.69678012 2.49013480 534.20664526 0.00000000 I-A-5 230,500,000.00 1000.00000000 0.35049818 75.19209527 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 10,536,900.00 992.48830396 0.98383775 0.00000000 0.00000000 I-B-2 8,028,100.00 992.48830483 0.98383802 0.00000000 0.00000000 I-B-3 3,512,300.00 992.48830396 0.98383680 0.00000000 0.00000000 I-B-4 2,007,000.00 992.48830593 0.98383657 0.00000000 0.00000000 I-B-5 1,505,300.00 992.48830134 0.98383711 0.00000000 0.00000000 I-B-6 1,505,269.00 992.48830608 0.98383744 0.00000000 0.00000000 II-A-1 300,000,000.00 719.27032513 0.26135260 62.08188777 0.00000000 II-A-2 25,893,300.00 719.27032514 0.26135255 62.08188759 0.00000000 II-A-3 7,203,900.00 997.07519954 0.36229542 0.00000000 0.00000000 II-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-B-1 3,945,100.00 997.07519961 0.36229500 0.00000000 0.00000000 II-B-2 2,744,300.00 997.07519950 0.36229640 0.00000000 0.00000000 II-B-3 1,372,200.00 997.07520041 0.36229413 0.00000000 0.00000000 II-B-4 857,600.00 997.07519823 0.36229011 0.00000000 0.00000000 II-B-5 514,600.00 997.07520404 0.36230082 0.00000000 0.00000000 II-B-6 514,616.00 997.07519782 0.36228955 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 117.85423853 433.76680493 0.43376680 117.85423853 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00000000 536.69678012 0.00000000 0.00000000 536.69678012 I-A-5 0.00000000 75.54259345 924.45740655 0.92445741 75.54259345 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 0.98383775 991.50446621 0.99150447 0.98383775 I-B-2 0.00000000 0.98383802 991.50446681 0.99150447 0.98383802 I-B-3 0.00000000 0.98383680 991.50446716 0.99150447 0.98383680 I-B-4 0.00000000 0.98383657 991.50446437 0.99150446 0.98383657 I-B-5 0.00000000 0.98383711 991.50446423 0.99150446 0.98383711 I-B-6 0.00000000 0.98383744 991.50446864 0.99150447 0.98383744 II-A-1 0.00000000 62.34324033 656.92708480 0.65692708 62.34324033 II-A-2 0.00000000 62.34324053 656.92708461 0.65692708 62.34324053 II-A-3 0.00000000 0.36229542 996.71290412 0.99671290 0.36229542 II-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-B-1 0.00000000 0.36229500 996.71290462 0.99671290 0.36229500 II-B-2 0.00000000 0.36229640 996.71290311 0.99671290 0.36229640 II-B-3 0.00000000 0.36229413 996.71290628 0.99671291 0.36229413 II-B-4 0.00000000 0.36229011 996.71290812 0.99671291 0.36229011 II-B-5 0.00000000 0.36230082 996.71290323 0.99671290 0.36230082 II-B-6 0.00000000 0.36228955 996.71290827 0.99671291 0.36228955 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 4.81597% 41,371,578.26 166,036.92 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% 0.00 0.00 0.00 0.00 I-A-4 165,500,000.00 3.54500% 88,823,317.11 262,398.88 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 5.05297% 111,917,600.00 471,263.61 0.00 0.00 I-X-1 0.00 0.48100% 41,371,578.26 16,583.11 0.00 0.00 I-X-2 0.00 0.86232% 497,240,917.11 357,315.41 0.00 0.00 I-B-1 10,536,900.00 5.29697% 10,457,750.01 46,161.99 0.00 0.00 I-B-2 8,028,100.00 5.29697% 7,967,795.36 35,170.98 0.00 0.00 I-B-3 3,512,300.00 5.29697% 3,485,916.67 15,387.33 0.00 0.00 I-B-4 2,007,000.00 5.29697% 1,991,924.03 8,792.64 0.00 0.00 I-B-5 1,505,300.00 5.29697% 1,493,992.64 6,594.70 0.00 0.00 I-B-6 1,505,269.00 5.29697% 1,493,961.88 6,594.56 0.00 0.00 II-A-1 300,000,000.00 4.12369% 215,781,097.54 741,512.67 0.00 0.00 II-A-2 25,893,300.00 4.84569% 18,624,282.31 75,206.31 0.00 0.00 II-A-3 7,203,900.00 4.84569% 7,182,830.03 29,004.83 0.00 0.00 II-X-1 0.00 0.72200% 215,781,097.54 129,828.29 0.00 0.00 II-B-1 3,945,100.00 4.84569% 3,933,561.37 15,884.03 0.00 0.00 II-B-2 2,744,300.00 4.84569% 2,736,273.47 11,049.29 0.00 0.00 II-B-3 1,372,200.00 4.84569% 1,368,186.59 5,524.84 0.00 0.00 II-B-4 857,600.00 4.84569% 855,091.69 3,452.93 0.00 0.00 II-B-5 514,600.00 4.84569% 513,094.90 2,071.92 0.00 0.00 II-B-6 514,616.00 4.84569% 513,110.85 2,071.98 0.00 0.00 R-I 50.00 0.00000% 0.00 0.00 0.00 0.00 R-II 50.00 4.86243% 0.00 0.00 0.00 0.00 R-III 50.00 4.86243% 0.00 0.00 0.00 0.00 Totals 1,346,558,235.00 3,511,821.39 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 0.00 166,036.92 0.00 32,532,510.37 I-A-2 0.00 0.00 0.00 0.00 0.00 I-A-3 0.00 0.00 0.00 0.00 0.00 I-A-4 0.00 0.00 262,398.88 0.00 0.00 I-A-5 0.00 0.00 832,489.17 0.00 213,087,432.21 I-A-6 0.00 0.00 271,425.00 0.00 66,000,000.00 I-A-7 0.00 0.00 471,263.61 0.00 111,917,600.00 I-X-1 0.00 0.00 16,583.11 0.00 32,532,510.37 I-X-2 0.00 0.00 357,315.41 0.00 391,005,032.21 I-B-1 0.00 0.00 46,161.99 0.00 10,447,383.41 I-B-2 0.00 0.00 35,170.98 0.00 7,959,897.01 I-B-3 0.00 0.00 15,387.33 0.00 3,482,461.14 I-B-4 0.00 0.00 8,792.64 0.00 1,989,949.46 I-B-5 0.00 0.00 6,594.70 0.00 1,492,511.67 I-B-6 0.00 0.00 6,594.56 0.00 1,492,480.94 II-A-1 0.00 0.00 741,512.67 0.00 197,078,125.44 II-A-2 0.00 0.00 75,206.31 0.00 17,010,010.08 II-A-3 0.00 0.00 29,004.83 0.00 7,180,220.09 II-X-1 0.00 0.00 129,828.29 0.00 197,078,125.44 II-B-1 0.00 0.00 15,884.03 0.00 3,932,132.08 II-B-2 0.00 0.00 11,049.29 0.00 2,735,279.22 II-B-3 0.00 0.00 5,524.84 0.00 1,367,689.45 II-B-4 0.00 0.00 3,452.93 0.00 854,780.99 II-B-5 0.00 0.00 2,071.92 0.00 512,908.46 II-B-6 0.00 0.00 2,071.98 0.00 512,924.41 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 3,511,821.39 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 4.81597% 551.62104347 2.21382560 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% 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 165,500,000.00 3.54500% 536.69678012 1.58549172 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 5.05297% 1000.00000000 4.21080876 0.00000000 0.00000000 I-X-1 0.00 0.48100% 551.62104347 0.22110813 0.00000000 0.00000000 I-X-2 0.00 0.86232% 551.62104347 0.39639276 0.00000000 0.00000000 I-B-1 10,536,900.00 5.29697% 992.48830396 4.38098397 0.00000000 0.00000000 I-B-2 8,028,100.00 5.29697% 992.48830483 4.38098429 0.00000000 0.00000000 I-B-3 3,512,300.00 5.29697% 992.48830396 4.38098397 0.00000000 0.00000000 I-B-4 2,007,000.00 5.29697% 992.48830593 4.38098655 0.00000000 0.00000000 I-B-5 1,505,300.00 5.29697% 992.48830134 4.38098718 0.00000000 0.00000000 I-B-6 1,505,269.00 5.29697% 992.48830608 4.38098440 0.00000000 0.00000000 II-A-1 300,000,000.00 4.12369% 719.27032513 2.47170890 0.00000000 0.00000000 II-A-2 25,893,300.00 4.84569% 719.27032514 2.90446988 0.00000000 0.00000000 II-A-3 7,203,900.00 4.84569% 997.07519954 4.02626772 0.00000000 0.00000000 II-X-1 0.00 0.72200% 719.27032513 0.43276097 0.00000000 0.00000000 II-B-1 3,945,100.00 4.84569% 997.07519961 4.02626803 0.00000000 0.00000000 II-B-2 2,744,300.00 4.84569% 997.07519950 4.02626899 0.00000000 0.00000000 II-B-3 1,372,200.00 4.84569% 997.07520041 4.02626439 0.00000000 0.00000000 II-B-4 857,600.00 4.84569% 997.07519823 4.02627099 0.00000000 0.00000000 II-B-5 514,600.00 4.84569% 997.07520404 4.02627283 0.00000000 0.00000000 II-B-6 514,616.00 4.84569% 997.07519782 4.02626424 0.00000000 0.00000000 R-I 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.86243% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 4.86243% 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 2.21382560 0.00000000 433.76680493 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-4 0.00000000 0.00000000 1.58549172 0.00000000 0.00000000 I-A-5 0.00000000 0.00000000 3.61166668 0.00000000 924.45740655 I-A-6 0.00000000 0.00000000 4.11250000 0.00000000 1000.00000000 I-A-7 0.00000000 0.00000000 4.21080876 0.00000000 1000.00000000 I-X-1 0.00000000 0.00000000 0.22110813 0.00000000 433.76680493 I-X-2 0.00000000 0.00000000 0.39639276 0.00000000 433.76680487 I-B-1 0.00000000 0.00000000 4.38098397 0.00000000 991.50446621 I-B-2 0.00000000 0.00000000 4.38098429 0.00000000 991.50446681 I-B-3 0.00000000 0.00000000 4.38098397 0.00000000 991.50446716 I-B-4 0.00000000 0.00000000 4.38098655 0.00000000 991.50446437 I-B-5 0.00000000 0.00000000 4.38098718 0.00000000 991.50446423 I-B-6 0.00000000 0.00000000 4.38098440 0.00000000 991.50446864 II-A-1 0.00000000 0.00000000 2.47170890 0.00000000 656.92708480 II-A-2 0.00000000 0.00000000 2.90446988 0.00000000 656.92708461 II-A-3 0.00000000 0.00000000 4.02626772 0.00000000 996.71290412 II-X-1 0.00000000 0.00000000 0.43276097 0.00000000 656.92708480 II-B-1 0.00000000 0.00000000 4.02626803 0.00000000 996.71290462 II-B-2 0.00000000 0.00000000 4.02626899 0.00000000 996.71290311 II-B-3 0.00000000 0.00000000 4.02626439 0.00000000 996.71290628 II-B-4 0.00000000 0.00000000 4.02627099 0.00000000 996.71290812 II-B-5 0.00000000 0.00000000 4.02627283 0.00000000 996.71290323 II-B-6 0.00000000 0.00000000 4.02626424 0.00000000 996.71290827 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 3.38876% 0.00 0.00 0.00 0.00 0.00000000% I-X-2-2 2.22476% 0.00 0.00 0.00 0.00 0.00000000% I-X-2-3 1.75197% 88,823,317.11 0.00 0.00 0.00 0.00000000% I-X-2-4 0.96297% 230,500,000.00 213,087,432.21 0.00 0.00 92.44574066% I-X-2-5 0.36197% 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 139,214,764.66 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 12,622.62 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 139,227,387.28 Withdrawals Reimbursement for Servicer Advances 24,387.70 Payment of Service Fee 266,109.92 Payment of Interest and Principal 138,936,889.66 Total Withdrawals (Pool Distribution Amount) 139,227,387.28 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 266,109.92 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 266,109.92
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 5 0 0 0 5 2,379,261.33 0.00 0.00 0.00 2,379,261.33 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 5 0 0 0 5 2,379,261.33 0.00 0.00 0.00 2,379,261.33 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 0.374251% 0.000000% 0.000000% 0.000000% 0.374251% 0.348846% 0.000000% 0.000000% 0.000000% 0.348846% 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 0.374251% 0.000000% 0.000000% 0.000000% 0.374251% 0.348846% 0.000000% 0.000000% 0.000000% 0.348846%
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 2,051,638.39 0.00 0.00 0.00 2,051,638.39 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 2,051,638.39 0.00 0.00 0.00 2,051,638.39 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.426439% 0.000000% 0.000000% 0.000000% 0.426439% 0.455128% 0.000000% 0.000000% 0.000000% 0.455128% 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 0.426439% 0.000000% 0.000000% 0.000000% 0.426439% 0.455128% 0.000000% 0.000000% 0.000000% 0.455128% 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 1 0 0 0 1 327,622.94 0.00 0.00 0.00 327,622.94 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 327,622.94 0.00 0.00 0.00 327,622.94 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.251256% 0.000000% 0.000000% 0.000000% 0.251256% 0.141672% 0.000000% 0.000000% 0.000000% 0.141672% 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 0.251256% 0.000000% 0.000000% 0.000000% 0.251256% 0.141672% 0.000000% 0.000000% 0.000000% 0.141672%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 12,622.62
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.548904% Weighted Average Net Coupon 5.158050% Weighted Average Pass-Through Rate 5.158050% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 1,597 Number Of Loans Paid In Full 261 Ending Scheduled Collateral Loan Count 1,336 Beginning Scheduled Collateral Balance 817,011,365.44 Ending Scheduled Collateral Balance 681,586,297.15 Ending Actual Collateral Balance at 31-Aug-2003 682,036,772.84 Monthly P &I Constant 4,429,893.68 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 681,586,297.15 Scheduled Principal 651,962.37 Unscheduled Principal 134,773,105.92
Miscellaneous Reporting Senior Percentage Group 1 95.244711% Senior Prepayment Percentage Group 1 100.000000% Subordinate Percentage Group 1 4.755289% Subordinate Prepayment Percent Group 1 0.000000% Average Loss Severity Group 1 0 Senior Percentage Group 2 93.200144% Senior Prepayment Percentage Group 2 100.000000% Subordinate Percentage Group 2 6.799856% 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 5.671971 5.272194 5.548904 Weighted Average Net Rate 5.296971 4.845694 5.158050 Weighted Average Maturity 349 351 350 Beginning Loan Count 1,162 435 1,597 Loans Paid In Full 224 37 261 Ending Loan Count 938 398 1,336 Beginning Scheduled Balance 565,503,836.02 251,507,529.42 817,011,365.44 Ending scheduled Balance 450,402,226.26 231,184,070.89 681,586,297.15 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 3,233,509.36 1,196,384.32 4,429,893.68 Scheduled Principal 560,575.11 91,387.26 651,962.37 Unscheduled Principal 114,541,034.65 20,232,071.27 134,773,105.92 Scheduled Interest 2,672,934.25 1,104,997.06 3,777,931.31 Servicing Fees 176,719.95 89,389.97 266,109.92 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 2,496,214.30 1,015,607.09 3,511,821.39 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 5.296971 4.845694 5.158050
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