-----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, LcByZIPKSydrWv2VXwzghRWZ4BwkFHi1BLnOJc4OFcxEwPkZRkbh58OvEymTyJq7 IG8ImY47zaY5D0oc+4QcDQ== 0001056404-03-000640.txt : 20030408 0001056404-03-000640.hdr.sgml : 20030408 20030408145613 ACCESSION NUMBER: 0001056404-03-000640 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030325 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPTION ONE MORT ACCEPT CORP ASSET BACKED CERTS SER 2003 1 CENTRAL INDEX KEY: 0001215020 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: 333-82832-06 FILM NUMBER: 03642585 BUSINESS ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 opt03001.txt MARCH 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): March 25, 2003 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-82832-06 54-2090852 Pooling and Servicing Agreement) (Commission 54-2090853 (State or other File Number) 54-2090854 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 March 25, 2003 a distribution was made to holders of OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed Certificates, Series 2003-1 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 Certificates, Series 2003-1 Trust, relating to the March 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. OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 4/1/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2003-1 Trust, relating to the March 25, 2003 distribution.
Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 2/28/03 Distribution Date: 3/25/03 OOMC Series: 2003-1 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-1 68389FCZ5 SEN 1.75625% 497,802,620.41 679,984.55 4,271,178.24 A-2 68389FDA9 SEN 1.75625% 905,780,491.63 1,237,270.99 5,528,587.50 M-1 68389FDB7 MEZ 2.23625% 72,000,000.00 125,230.00 0.00 M-2 68389FDC5 MEZ 3.28625% 60,000,000.00 153,358.33 0.00 M-3 68389FDD3 MEZ 4.83625% 36,000,000.00 135,415.00 0.00 M-4 68389FDE1 MEZ 5.58625% 16,000,000.00 69,517.78 0.00 C OPT03001C OC 0.00000% 8,000,000.00 6,705,533.65 0.00 P OPT03001P Pre_Pa 0.00000% 100.00 81,164.16 0.00 R-1 OPT0301R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0301R2 RES 0.00000% 0.00 0.00 0.00 R-3 OPT0301R3 RES 0.00000% 0.00 0.00 0.00 Totals 1,595,583,212.04 9,187,474.46 9,799,765.74
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 493,531,442.17 4,951,162.79 0.00 A-2 0.00 900,251,904.13 6,765,858.49 0.00 M-1 0.00 72,000,000.00 125,230.00 0.00 M-2 0.00 60,000,000.00 153,358.33 0.00 M-3 0.00 36,000,000.00 135,415.00 0.00 M-4 0.00 16,000,000.00 69,517.78 0.00 C 0.00 8,000,000.00 6,705,533.65 0.00 P 0.00 100.00 81,164.16 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 Totals 0.00 1,585,783,446.30 18,987,240.20 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-1 500,000,000.00 497,802,620.41 0.00 4,271,178.24 0.00 0.00 A-2 908,000,000.00 905,780,491.63 0.00 5,528,587.50 0.00 0.00 M-1 72,000,000.00 72,000,000.00 0.00 0.00 0.00 0.00 M-2 60,000,000.00 60,000,000.00 0.00 0.00 0.00 0.00 M-3 36,000,000.00 36,000,000.00 0.00 0.00 0.00 0.00 M-4 16,000,000.00 16,000,000.00 0.00 0.00 0.00 0.00 C 7,999,900.00 8,000,000.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,600,000,000.00 1,595,583,212.04 0.00 9,799,765.74 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-1 4,271,178.24 493,531,442.17 0.98706288 4,271,178.24 A-2 5,528,587.50 900,251,904.13 0.99146685 5,528,587.50 M-1 0.00 72,000,000.00 1.00000000 0.00 M-2 0.00 60,000,000.00 1.00000000 0.00 M-3 0.00 36,000,000.00 1.00000000 0.00 M-4 0.00 16,000,000.00 1.00000000 0.00 C 0.00 8,000,000.00 1.00001250 0.00 P 0.00 100.00 1.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 Totals 9,799,765.74 1,585,783,446.30 0.99111465 9,799,765.74
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 500,000,000.00 995.60524082 0.00000000 8.54235648 0.00000000 A-2 908,000,000.00 997.55560752 0.00000000 6.08875275 0.00000000 M-1 72,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 60,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 36,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 16,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 7,999,900.00 1000.01250016 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 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 A-1 0.00000000 8.54235648 987.06288434 0.98706288 8.54235648 A-2 0.00000000 6.08875275 991.46685477 0.99146685 6.08875275 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.01250016 1.00001250 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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-1 500,000,000.00 1.75625% 497,802,620.41 679,984.55 0.00 0.00 A-2 908,000,000.00 1.75625% 905,780,491.63 1,237,270.99 0.00 0.00 M-1 72,000,000.00 2.23625% 72,000,000.00 125,230.00 0.00 0.00 M-2 60,000,000.00 3.28625% 60,000,000.00 153,358.33 0.00 0.00 M-3 36,000,000.00 4.83625% 36,000,000.00 135,415.00 0.00 0.00 M-4 16,000,000.00 5.58625% 16,000,000.00 69,517.78 0.00 0.00 C 7,999,900.00 0.00000% 8,000,000.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,600,000,000.00 2,400,776.65 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-1 0.00 0.00 679,984.55 0.00 493,531,442.17 A-2 0.00 0.00 1,237,270.99 0.00 900,251,904.13 M-1 0.00 0.00 125,230.00 0.00 72,000,000.00 M-2 0.00 0.00 153,358.33 0.00 60,000,000.00 M-3 0.00 0.00 135,415.00 0.00 36,000,000.00 M-4 0.00 0.00 69,517.78 0.00 16,000,000.00 C 0.00 0.00 6,705,533.65 0.00 8,000,000.00 P 0.00 0.00 81,164.16 0.00 100.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 9,187,474.46 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-1 500,000,000.00 1.75625% 995.60524082 1.35996910 0.00000000 0.00000000 A-2 908,000,000.00 1.75625% 997.55560752 1.36263325 0.00000000 0.00000000 M-1 72,000,000.00 2.23625% 1000.00000000 1.73930556 0.00000000 0.00000000 M-2 60,000,000.00 3.28625% 1000.00000000 2.55597217 0.00000000 0.00000000 M-3 36,000,000.00 4.83625% 1000.00000000 3.76152778 0.00000000 0.00000000 M-4 16,000,000.00 5.58625% 1000.00000000 4.34486125 0.00000000 0.00000000 C 7,999,900.00 0.00000% 1000.01250016 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00 0.00000% 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 A-1 0.00000000 0.00000000 1.35996910 0.00000000 987.06288434 A-2 0.00000000 0.00000000 1.36263325 0.00000000 991.46685477 M-1 0.00000000 0.00000000 1.73930556 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.55597217 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.76152778 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.34486125 0.00000000 1000.00000000 C 0.00000000 0.00000000 838.20218378 0.00000000 1000.01250016 P 0.00000000 0.00000000 811641.60000000 0.00000000 1000.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 18,531,264.20 Liquidations, Insurance Proceeds, Reserve Funds 1,803,461.43 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 81,164.16 Total Deposits 20,415,889.79 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,428,649.59 Payment of Interest and Principal 18,987,240.20 Total Withdrawals (Pool Distribution Amount) 20,415,889.79 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 398,447.27 Radian PMI Policy Fee 1,026,213.37 Wells Fargo 3,988.95 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,428,649.59
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 2 0 0 2 122,463.43 0.00 0.00 122,463.43 30 Days 51 0 14 0 65 7,098,817.79 0.00 1,881,750.00 0.00 8,980,567.79 60 Days 7 1 4 0 12 1,199,779.86 180,000.00 622,279.86 0.00 2,002,059.72 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 58 3 18 0 79 8,298,597.65 302,463.43 2,504,029.86 0.00 11,105,090.94 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 0.020517% 0.000000% 0.000000% 0.020517% 0.007721% 0.000000% 0.000000% 0.007721% 30 Days 0.523184% 0.000000% 0.143619% 0.000000% 0.666803% 0.447580% 0.000000% 0.118644% 0.000000% 0.566224% 60 Days 0.071810% 0.010259% 0.041034% 0.000000% 0.123102% 0.075646% 0.011349% 0.039235% 0.000000% 0.126230% 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 0.594994% 0.030776% 0.184653% 0.000000% 0.810423% 0.523226% 0.019070% 0.157879% 0.000000% 0.700175%
(7) Bankruptcy and Foreclosure information is included in the amount reported in the Delinquent column. The total column is overstated by these amounts. All 90+ delinquencies are reported in the 90 day delinquency field.
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 225,721.57
Class A-1 1,099,999,900.00 68.74999375% 1,092,251,904.13 68.87774662% 31.122247% 0.000000% Class A-2 191,999,900.00 11.99999375% 192,000,000.00 12.10758004% 56.770167% 0.000000% Class M-1 119,999,900.00 7.49999375% 120,000,000.00 7.56723752% 4.540343% 0.000000% Class M-2 59,999,900.00 3.74999375% 60,000,000.00 3.78361876% 3.783619% 0.000000% Class M-3 23,999,900.00 1.49999375% 24,000,000.00 1.51344750% 2.270171% 0.000000% Class M-4 7,999,900.00 0.49999375% 8,000,000.00 0.50448250% 1.008965% 0.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 0.504483% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.929958% Weighted Average Net Coupon 7.629957% Weighted Average Pass-Through Rate 6.854294% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 7,352 Number Of Loans Paid In Full (2,396) Ending Scheduled Collateral Loan Count 9,748 Beginning Scheduled Collateral Balance 1,216,705,869.85 Ending Scheduled Collateral Balance 1,585,783,446.30 Ending Actual Collateral Balance at 28-Feb-2003 1,586,044,293.25 Monthly P &I Constant 11,725,029.29 Special Servicing Fee 0.00 Prepayment Penalties 81,164.16 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,585,783,446.30 Scheduled Principal 1,192,838.71 Unscheduled Principal 6,806,235.56
Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Do Not Step Down In Effect Since N/A Comments N/A Unscheduled Principal-Voluntary 6,806,235.56 Unscheduled Principal-Involuntary 0.00 Credit Enhancement Percentage 12.019653% Net WAC Carryover Amount 0.00 Group 1 Pre-Funding Acct Begin Bal 142,965,156.50 Group 1 Pre-Funding Acct Dist Amount 141,734,770.07 Group 1 Pre-Funding Acct RI to Int Cov Acct 63,890.03 Group 1 Pre-Funding Acct End Bal 1,230,386.43 Paid to Bond Group 1 Int Cov Acct Begin Bal 278,094.01 Group 1 Int Cov Acct Deposits 63,890.03 Group 1 Int Cov Acct RI 301.24 Group 1 Int Cov Acct Release to Servicer 340,091.63 Group 1 Int Cov Acct Dist Amount to Bond 1,892.41 Group 1 Int Cov Acct End Bal 0.00 Group 2 Pre-Funding Acct Begin Bal 235,912,185.69 Group 2 Pre-Funding Acct Dist Amount 235,341,880.96 Group 2 Pre-Funding Acct RI to Int Cov Acct 105,072.62 Group 2 Pre-Funding Acct End Bal 570,304.73 Paid to Bond Group 2 Int Cov Acct Begin Bal 482,462.76 Group 2 Int Cov Acct Deposits 105,072.62 Group 2 Int Cov Acct RI 520.73 Group 2 Int Cov Acct Release to Servicer 586,658.21 Group 2 Int Cov Acct Dist Amount to Bond 877.17 Group 2 Int Cov Acct End Bal 0.00 # of Subsequent Mortgage Loans Purchased 2,431 Balance of Subsequent Mortgage Loans Purchased 377,076,651.03
Miscellaneous Reporting General Excess Available Amt 6,705,533.65 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 8,000,000.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Target Overcollateralization Amt 8,000,000.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.721859 8.183954 7.681559 Weighted Average Net Rate 7.421860 7.883953 7.381559 Weighted Average Maturity 354 354 352 Beginning Loan Count 744 2,160 1,286 Loans Paid In Full (282) (636) (382) Ending Loan Count 1,026 2,796 1,668 Beginning Scheduled Balance 114,526,912.85 329,609,852.14 217,583,325.38 Ending scheduled Balance 157,036,418.64 425,794,324.60 280,363,031.74 Record Date 02/28/2003 02/28/2003 02/28/2003 Principal And Interest Constant 1,153,172.08 3,208,159.82 2,062,642.46 Scheduled Principal 139,843.44 286,506.96 257,378.60 Unscheduled Principal 298,042.69 2,316,398.58 1,394,833.03 Scheduled Interest 1,013,328.64 2,921,652.86 1,805,263.86 Servicing Fees 39,368.49 107,099.81 70,503.75 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 393.68 1,074.07 705.03 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 105,287.38 223,430.89 192,314.78 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 868,279.09 2,590,048.09 1,541,740.30 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 6.616540 7.255093 6.560244
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.921708 7.929958 Weighted Average Net Rate 7.621706 7.629957 Weighted Average Maturity 352 354 Beginning Loan Count 3,162 7,352 Loans Paid In Full (1,096) (2,396) Ending Loan Count 4,258 9,748 Beginning Scheduled Balance 554,985,779.48 1,216,705,869.85 Ending scheduled Balance 722,589,671.32 1,585,783,446.30 Record Date 02/28/2003 02/28/2003 Principal And Interest Constant 5,301,054.93 11,725,029.29 Scheduled Principal 509,109.71 1,192,838.71 Unscheduled Principal 2,796,961.26 6,806,235.56 Scheduled Interest 4,791,945.22 10,532,190.58 Servicing Fees 181,475.22 398,447.27 Master Servicing Fees 0.00 0.00 Trustee Fee 1,816.17 3,988.95 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 505,180.32 1,026,213.37 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 4,103,473.51 9,103,540.99 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 Pass-Through Rate 6.783575 6.854294
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