-----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, AvQtldwG0zP+tPaxacHj0gDvJU7mlO3qORci9DacxoD+JmCP/odrdNZqAWp2Mt8I fv23ZYacOzzbSn9g1pB5GQ== 0001056404-03-001879.txt : 20031010 0001056404-03-001879.hdr.sgml : 20031010 20031010100508 ACCESSION NUMBER: 0001056404-03-001879 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: 20031010 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: 03936233 BUSINESS ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 opt03001.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 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 September 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 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. 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: 10/6/03 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 September 25, 2003 distribution. EX-99.1
Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 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 1.53000% 461,513,961.72 608,044.64 13,235,088.11 A-2 68389FDA9 SEN 1.53000% 834,348,226.32 1,099,253.79 21,892,945.13 M-1 68389FDB7 MEZ 2.01000% 72,000,000.00 124,620.00 0.00 M-2 68389FDC5 MEZ 3.06000% 60,000,000.00 158,100.00 0.00 M-3 68389FDD3 MEZ 4.61000% 36,000,000.00 142,910.00 0.00 M-4 68389FDE1 MEZ 5.36000% 16,000,000.00 73,848.89 0.00 C OPT03001C OC 0.00000% 8,000,000.00 6,203,584.89 0.00 P OPT03001P Pre_Pay 0.00000% 100.00 737,218.43 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 1,487,862,288.04 9,147,580.64 35,128,033.24
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 448,278,873.61 13,843,132.75 0.00 A-2 0.00 812,455,281.19 22,992,198.92 0.00 M-1 0.00 72,000,000.00 124,620.00 0.00 M-2 0.00 60,000,000.00 158,100.00 0.00 M-3 0.00 36,000,000.00 142,910.00 0.00 M-4 0.00 16,000,000.00 73,848.89 0.00 C 0.00 8,000,000.00 6,203,584.89 0.00 P 0.00 100.00 737,218.43 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 1,452,734,254.80 44,275,613.88 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-1 500,000,000.00 461,513,961.72 0.00 13,235,088.11 0.00 0.00 A-2 908,000,000.00 834,348,226.32 0.00 21,892,945.13 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 1,487,862,288.04 0.00 35,128,033.24 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 13,235,088.11 448,278,873.61 0.89655775 13,235,088.11 A-2 21,892,945.13 812,455,281.19 0.89477454 21,892,945.13 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 35,128,033.24 1,452,734,254.80 0.90795891 35,128,033.24
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 500,000,000.00 923.02792344 0.00000000 26.47017622 0.00000000 A-2 908,000,000.00 918.88571181 0.00000000 24.11117305 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 26.47017622 896.55774722 0.89655775 26.47017622 A-2 0.00000000 24.11117305 894.77453876 0.89477454 24.11117305 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 1.53000% 461,513,961.72 608,044.64 0.00 0.00 A-2 908,000,000.00 1.53000% 834,348,226.32 1,099,253.79 0.00 0.00 M-1 72,000,000.00 2.01000% 72,000,000.00 124,620.00 0.00 0.00 M-2 60,000,000.00 3.06000% 60,000,000.00 158,100.00 0.00 0.00 M-3 36,000,000.00 4.61000% 36,000,000.00 142,910.00 0.00 0.00 M-4 16,000,000.00 5.36000% 16,000,000.00 73,848.89 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 2,206,777.32 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 0.00 608,044.64 0.00 448,278,873.61 A-2 0.00 0.00 1,099,253.79 0.00 812,455,281.19 M-1 0.00 0.00 124,620.00 0.00 72,000,000.00 M-2 0.00 0.00 158,100.00 0.00 60,000,000.00 M-3 0.00 0.00 142,910.00 0.00 36,000,000.00 M-4 0.00 0.00 73,848.89 0.00 16,000,000.00 C 0.00 0.00 6,203,584.89 0.00 8,000,000.00 P 0.00 0.00 737,218.43 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 9,147,580.64 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 1.53000% 923.02792344 1.21608928 0.00000000 0.00000000 A-2 908,000,000.00 1.53000% 918.88571181 1.21063193 0.00000000 0.00000000 M-1 72,000,000.00 2.01000% 1000.00000000 1.73083333 0.00000000 0.00000000 M-2 60,000,000.00 3.06000% 1000.00000000 2.63500000 0.00000000 0.00000000 M-3 36,000,000.00 4.61000% 1000.00000000 3.96972222 0.00000000 0.00000000 M-4 16,000,000.00 5.36000% 1000.00000000 4.61555563 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 1.21608928 0.00000000 896.55774722 A-2 0.00000000 0.00000000 1.21063193 0.00000000 894.77453876 M-1 0.00000000 0.00000000 1.73083333 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.63500000 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.96972222 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.61555563 0.00000000 1000.00000000 C 0.00000000 0.00000000 775.45780447 0.00000000 1000.01250016 P 0.00000000 0.00000000 7372184.30000000 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 44,947,144.48 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (71,860.76) Prepayment Penalties 737,218.43 Total Deposits 45,612,502.15 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,336,888.27 Payment of Interest and Principal 44,275,613.88 Total Withdrawals (Pool Distribution Amount) 45,612,502.15 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 371,965.80 Radian PMI Policy Fee 961,201.20 Wells Fargo 3,721.27 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,336,888.27
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 26 1 0 27 4,348,444.91 70,105.55 0.00 4,418,550.46 30 Days 133 4 1 0 138 19,229,979.01 267,917.35 145,066.79 0.00 19,642,963.15 60 Days 20 1 40 0 61 3,886,036.28 52,418.11 5,763,894.38 0.00 9,702,348.77 90 Days 13 29 135 9 186 2,184,435.86 3,654,202.61 19,857,550.19 978,940.10 26,675,128.76 120 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 166 60 177 9 412 25,300,451.15 8,322,982.98 25,836,616.91 978,940.10 60,438,991.14 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 0.287007% 0.011039% 0.000000% 0.298046% 0.299229% 0.004824% 0.000000% 0.304053% 30 Days 1.468153% 0.044155% 0.011039% 0.000000% 1.523347% 1.323268% 0.018436% 0.009982% 0.000000% 1.351687% 60 Days 0.220775% 0.011039% 0.441550% 0.000000% 0.673364% 0.267409% 0.003607% 0.396630% 0.000000% 0.667645% 90 Days 0.143504% 0.320124% 1.490231% 0.099349% 2.053207% 0.150317% 0.251456% 1.366453% 0.067364% 1.835589% 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 1.832432% 0.662325% 1.953858% 0.099349% 4.547963% 1.740994% 0.572727% 1.777889% 0.067364% 4.158974%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 732,571.50 Class A-1 1,099,999,900.00 68.74999375% 1,004,455,281.19 69.14239668% 30.857596% 0.000000% Class A-2 191,999,900.00 11.99999375% 192,000,000.00 13.21645713% 55.925940% 0.000000% Class M-1 119,999,900.00 7.49999375% 120,000,000.00 8.26028571% 4.956171% 0.000000% Class M-2 59,999,900.00 3.74999375% 60,000,000.00 4.13014285% 4.130143% 0.000000% Class M-3 23,999,900.00 1.49999375% 24,000,000.00 1.65205714% 2.478086% 0.000000% Class M-4 7,999,900.00 0.49999375% 8,000,000.00 0.55068571% 1.101371% 0.000000% Class C 0.00 0.00000000% 0.00 0.00000000% 0.550686% 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 7.918568% Weighted Average Net Coupon 7.618568% Weighted Average Pass-Through Rate 6.840332% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 9,247 Number Of Loans Paid In Full 188 Ending Scheduled Collateral Loan Count 9,059 Beginning Scheduled Collateral Balance 1,487,862,288.04 Ending Scheduled Collateral Balance 1,452,734,254.80 Ending Actual Collateral Balance at 31-Aug-2003 1,453,218,771.77 Monthly P &I Constant 10,964,050.01 Special Servicing Fee 0.00 Prepayment Penalties 737,218.43 Realized Loss Amount 71,860.76 Cumulative Realized Loss 72,013.65 Ending Scheduled Balance for Premium Loans 1,452,734,254.80 Scheduled Principal 1,145,934.80 Unscheduled Principal 33,982,098.44
Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Don't Step Down In Effect Since N/A Comments N/A Unscheduled Principal-Voluntary 33,444,821.79 Unscheduled Principal-Involuntary 537,276.65 Credit Enhancement Percentage 12.904420% Net WAC Carryover Amount 0.00 Other Income 996.07
Miscellaneous Reporting General Excess Available Amt 6,275,445.65 Extra Principal Distribution Amt 71,860.76 Overcollateralization Amt 8,000,000.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 71,860.76 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 7.721565 8.165666 7.654948 Weighted Average Net Rate 7.421565 7.865666 7.354948 Weighted Average Maturity 348 348 346 Beginning Loan Count 983 2,658 1,566 Loans Paid In Full 10 71 30 Ending Loan Count 973 2,587 1,536 Beginning Scheduled Balance 149,337,341.96 401,475,814.01 260,065,103.66 Ending scheduled Balance 147,532,200.16 390,030,676.42 254,883,725.65 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 1,098,657.57 3,008,728.12 1,902,685.10 Scheduled Principal 137,725.87 276,796.92 243,697.73 Unscheduled Principal 1,667,415.93 11,168,340.67 4,937,680.28 Scheduled Interest 960,931.70 2,731,931.20 1,658,987.37 Servicing Fees 37,334.35 100,369.13 65,016.29 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 373.54 1,004.32 650.21 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 99,637.01 210,976.52 177,723.46 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 923,597.35 2,631,562.07 1,593,971.07 Realized Loss Amount 0.00 42,266.05 0.00 Cumulative Realized Loss 0.00 42,418.94 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 6.617931 7.232061 6.531891
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.916757 7.918568 Weighted Average Net Rate 7.616757 7.618568 Weighted Average Maturity 346 348 Beginning Loan Count 4,040 9,247 Loans Paid In Full 77 188 Ending Loan Count 3,963 9,059 Beginning Scheduled Balance 676,984,028.41 1,487,862,288.04 Ending scheduled Balance 660,287,652.57 1,452,734,254.80 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 4,953,979.22 10,964,050.01 Scheduled Principal 487,714.28 1,145,934.80 Unscheduled Principal 16,208,661.56 33,982,098.44 Scheduled Interest 4,466,264.94 9,818,115.21 Servicing Fees 169,246.03 371,965.80 Master Servicing Fees 0.00 0.00 Trustee Fee 1,693.20 3,721.27 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 472,864.21 961,201.20 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 4,297,018.91 9,446,149.40 Realized Loss Amount 29,594.71 71,860.76 Cumulative Realized Loss 29,594.71 72,013.65 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.775572 6.840332
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