-----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, F7227pq2UdTRz8PDy0LtRyxZm7sCpEsqVoGxRG1dtADHGtwPTr6hrHO9dapKhfoM N7ZKfYMCopkvfcSikmn0zg== 0001056404-03-001401.txt : 20030808 0001056404-03-001401.hdr.sgml : 20030808 20030808165227 ACCESSION NUMBER: 0001056404-03-001401 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WELLS FARGO ASSET SEC CORP MORT PA THR CERT SERIES 2003-C CENTRAL INDEX KEY: 0001216402 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: 333-98129-10 FILM NUMBER: 03832343 BUSINESS ADDRESS: STREET 1: 7485 NEW HORIZON WAY CITY: FREDERICK STATE: MD ZIP: 21703 8-K 1 wfm0300c.txt JULY 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): July 25, 2003 WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-C Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-98129-10 06-1863032 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction 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 July 25, 2003 a distribution was made to holders of WELLS FARGO ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-C 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 2003-C Trust, relating to the July 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. WELLS FARGO ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-C 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: 7/29/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-C Trust, relating to the July 25, 2003 distribution. EX-99.1
Wells Fargo Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 WFMBS Series: 2003-C 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 94980EAA4 SEQ 2.45500% 9,265,954.38 18,956.60 9,265,954.38 A-2 94980EAB2 SEQ 3.60800% 50,717,000.00 152,489.11 15,907,349.90 A-3 94980EAC0 SEQ 4.19500% 77,207,000.00 269,902.80 0.00 A-4 94980EAD8 SEQ 4.17100% 57,694,000.00 200,534.73 0.00 A-5 94980EAE6 SEQ 4.85279% 71,944,585.98 290,943.08 9,293,135.29 A-6 94980EAF3 SEQ 4.60879% 57,793,624.40 221,965.38 7,465,245.13 A-7 94980EAG1 SEQ 4.85279% 809,110.74 3,272.03 104,513.43 A-8 94980EAH9 SEQ 0.90038% 0.00 146,225.23 0.00 A-9 94980EAJ5 SEQ 0.24400% 0.00 11,751.37 0.00 A-R 94980EAK2 SEQ 4.83193% 0.00 0.00 0.00 ALR 94980EAL0 SEQ 4.83193% 0.00 0.00 0.00 B-1 94980EAM8 SUB 4.85279% 7,128,872.27 28,829.08 7,541.73 B-2 94980EAN6 SUB 4.85279% 1,944,057.09 7,861.74 2,056.64 B-3 94980EAP1 SUB 4.85279% 1,079,921.23 4,367.19 1,142.46 B-4 94980EAQ9 SUB 4.85279% 864,135.86 3,494.56 914.18 B-5 94980EAR7 SUB 4.85279% 432,565.13 1,749.29 457.62 B-6 94980EAS5 SUB 4.85279% 648,157.95 2,621.14 685.69 Totals 337,528,985.03 1,364,963.33 42,048,996.45
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 9,284,910.98 0.00 A-2 0.00 34,809,650.10 16,059,839.01 0.00 A-3 0.00 77,207,000.00 269,902.80 0.00 A-4 0.00 57,694,000.00 200,534.73 0.00 A-5 0.00 62,651,450.69 9,584,078.37 0.00 A-6 0.00 50,328,379.26 7,687,210.51 0.00 A-7 0.00 704,597.31 107,785.46 0.00 A-8 0.00 0.00 146,225.23 0.00 A-9 0.00 0.00 11,751.37 0.00 A-R 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 B-1 0.00 7,121,330.54 36,370.81 0.00 B-2 0.00 1,942,000.45 9,918.38 0.00 B-3 0.00 1,078,778.76 5,509.65 0.00 B-4 0.00 863,221.68 4,408.74 0.00 B-5 0.00 432,107.52 2,206.91 0.00 B-6 0.00 647,472.26 3,306.83 81.86 Totals 0.00 295,479,988.57 43,413,959.78 81.86 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 67,287,000.00 9,265,954.38 75,888.51 9,190,065.87 0.00 0.00 A-2 50,717,000.00 50,717,000.00 130,281.79 15,777,068.10 0.00 0.00 A-3 77,207,000.00 77,207,000.00 0.00 0.00 0.00 0.00 A-4 57,694,000.00 57,694,000.00 0.00 0.00 0.00 0.00 A-5 93,364,000.00 71,944,585.98 76,111.13 9,217,024.16 0.00 0.00 A-6 75,000,000.00 57,793,624.40 61,140.64 7,404,104.50 0.00 0.00 A-7 1,050,000.00 809,110.74 855.97 103,657.46 0.00 0.00 A-8 0.00 0.00 0.00 0.00 0.00 0.00 A-9 0.00 0.00 0.00 0.00 0.00 0.00 A-R 25.00 0.00 0.00 0.00 0.00 0.00 ALR 25.00 0.00 0.00 0.00 0.00 0.00 B-1 7,169,000.00 7,128,872.27 7,541.73 0.00 0.00 0.00 B-2 1,955,000.00 1,944,057.09 2,056.64 0.00 0.00 0.00 B-3 1,086,000.00 1,079,921.23 1,142.46 0.00 0.00 0.00 B-4 869,000.00 864,135.86 914.18 0.00 0.00 0.00 B-5 435,000.00 432,565.13 457.62 0.00 0.00 0.00 B-6 651,806.37 648,157.95 685.69 0.00 0.00 0.00 Totals 434,484,856.37 337,528,985.03 357,076.36 41,691,920.09 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 9,265,954.38 0.00 0.00000000 9,265,954.38 A-2 15,907,349.90 34,809,650.10 0.68635073 15,907,349.90 A-3 0.00 77,207,000.00 1.00000000 0.00 A-4 0.00 57,694,000.00 1.00000000 0.00 A-5 9,293,135.29 62,651,450.69 0.67104506 9,293,135.29 A-6 7,465,245.13 50,328,379.26 0.67104506 7,465,245.13 A-7 104,513.43 704,597.31 0.67104506 104,513.43 A-8 0.00 0.00 0.00000000 0.00 A-9 0.00 0.00 0.00000000 0.00 A-R 0.00 0.00 0.00000000 0.00 ALR 0.00 0.00 0.00000000 0.00 B-1 7,541.73 7,121,330.54 0.99335061 7,541.73 B-2 2,056.64 1,942,000.45 0.99335061 2,056.64 B-3 1,142.46 1,078,778.76 0.99335061 1,142.46 B-4 914.18 863,221.68 0.99335061 914.18 B-5 457.62 432,107.52 0.99335062 457.62 B-6 685.69 647,472.26 0.99335062 685.69 Totals 42,048,996.45 295,479,988.57 0.68006971 42,048,996.45
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 67,287,000.00 137.70794329 1.12783316 136.58011013 0.00000000 A-2 50,717,000.00 1000.00000000 2.56879922 311.08046809 0.00000000 A-3 77,207,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-4 57,694,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-5 93,364,000.00 770.58165867 0.81520854 98.72139326 0.00000000 A-6 75,000,000.00 770.58165867 0.81520853 98.72139333 0.00000000 A-7 1,050,000.00 770.58165714 0.81520952 98.72139048 0.00000000 A-8 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-R 25.00 0.00000000 0.00000000 0.00000000 0.00000000 ALR 25.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,169,000.00 994.40260427 1.05199191 0.00000000 0.00000000 B-2 1,955,000.00 994.40260358 1.05198977 0.00000000 0.00000000 B-3 1,086,000.00 994.40260589 1.05198895 0.00000000 0.00000000 B-4 869,000.00 994.40260069 1.05199079 0.00000000 0.00000000 B-5 435,000.00 994.40259770 1.05200000 0.00000000 0.00000000 B-6 651,806.37 994.40260150 1.05198420 0.00000000 0.00000000 (2) Per $1000 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 137.70794329 0.00000000 0.00000000 137.70794329 A-2 0.00000000 313.64926750 686.35073250 0.68635073 313.64926750 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-5 0.00000000 99.53660180 671.04505687 0.67104506 99.53660180 A-6 0.00000000 99.53660173 671.04505680 0.67104506 99.53660173 A-7 0.00000000 99.53660000 671.04505714 0.67104506 99.53660000 A-8 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.05199191 993.35061236 0.99335061 1.05199191 B-2 0.00000000 1.05198977 993.35061381 0.99335061 1.05198977 B-3 0.00000000 1.05198895 993.35060773 0.99335061 1.05198895 B-4 0.00000000 1.05199079 993.35060990 0.99335061 1.05199079 B-5 0.00000000 1.05200000 993.35062069 0.99335062 1.05200000 B-6 0.00000000 1.05198420 993.35061730 0.99335062 1.05198420 (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 67,287,000.00 2.45500% 9,265,954.38 18,956.60 0.00 0.00 A-2 50,717,000.00 3.60800% 50,717,000.00 152,489.11 0.00 0.00 A-3 77,207,000.00 4.19500% 77,207,000.00 269,902.80 0.00 0.00 A-4 57,694,000.00 4.17100% 57,694,000.00 200,534.73 0.00 0.00 A-5 93,364,000.00 4.85279% 71,944,585.98 290,943.08 0.00 0.00 A-6 75,000,000.00 4.60879% 57,793,624.40 221,965.38 0.00 0.00 A-7 1,050,000.00 4.85279% 809,110.74 3,272.03 0.00 0.00 A-8 0.00 0.90038% 194,883,954.38 146,225.23 0.00 0.00 A-9 0.00 0.24400% 57,793,624.40 11,751.37 0.00 0.00 A-R 25.00 4.83193% 0.00 0.00 0.00 0.00 ALR 25.00 4.83193% 0.00 0.00 0.00 0.00 B-1 7,169,000.00 4.85279% 7,128,872.27 28,829.08 0.00 0.00 B-2 1,955,000.00 4.85279% 1,944,057.09 7,861.74 0.00 0.00 B-3 1,086,000.00 4.85279% 1,079,921.23 4,367.19 0.00 0.00 B-4 869,000.00 4.85279% 864,135.86 3,494.56 0.00 0.00 B-5 435,000.00 4.85279% 432,565.13 1,749.29 0.00 0.00 B-6 651,806.37 4.85279% 648,157.95 2,621.14 0.00 0.00 Totals 434,484,856.37 1,364,963.33 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 18,956.60 0.00 0.00 A-2 0.00 0.00 152,489.11 0.00 34,809,650.10 A-3 0.00 0.00 269,902.80 0.00 77,207,000.00 A-4 0.00 0.00 200,534.73 0.00 57,694,000.00 A-5 0.00 0.00 290,943.08 0.00 62,651,450.69 A-6 0.00 0.00 221,965.38 0.00 50,328,379.26 A-7 0.00 0.00 3,272.03 0.00 704,597.31 A-8 0.00 0.00 146,225.23 0.00 169,710,650.10 A-9 0.00 0.00 11,751.37 0.00 50,328,379.26 A-R 0.00 0.00 0.00 0.00 0.00 ALR 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 28,829.08 0.00 7,121,330.54 B-2 0.00 0.00 7,861.74 0.00 1,942,000.45 B-3 0.00 0.00 4,367.19 0.00 1,078,778.76 B-4 0.00 0.00 3,494.56 0.00 863,221.68 B-5 0.00 0.00 1,749.29 0.00 432,107.52 B-6 0.00 0.00 2,621.14 0.00 647,472.26 Totals 0.00 0.00 1,364,963.33 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 67,287,000.00 2.45500% 137.70794329 0.28172753 0.00000000 0.00000000 A-2 50,717,000.00 3.60800% 1000.00000000 3.00666660 0.00000000 0.00000000 A-3 77,207,000.00 4.19500% 1000.00000000 3.49583328 0.00000000 0.00000000 A-4 57,694,000.00 4.17100% 1000.00000000 3.47583336 0.00000000 0.00000000 A-5 93,364,000.00 4.85279% 770.58165867 3.11622338 0.00000000 0.00000000 A-6 75,000,000.00 4.60879% 770.58165867 2.95953840 0.00000000 0.00000000 A-7 1,050,000.00 4.85279% 770.58165714 3.11621905 0.00000000 0.00000000 A-8 0.00 0.90038% 770.58165865 0.57818244 0.00000000 0.00000000 A-9 0.00 0.24400% 770.58165867 0.15668493 0.00000000 0.00000000 A-R 25.00 4.83193% 0.00000000 0.00000000 0.00000000 0.00000000 ALR 25.00 4.83193% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 7,169,000.00 4.85279% 994.40260427 4.02135305 0.00000000 0.00000000 B-2 1,955,000.00 4.85279% 994.40260358 4.02135038 0.00000000 0.00000000 B-3 1,086,000.00 4.85279% 994.40260589 4.02135359 0.00000000 0.00000000 B-4 869,000.00 4.85279% 994.40260069 4.02135788 0.00000000 0.00000000 B-5 435,000.00 4.85279% 994.40259770 4.02135632 0.00000000 0.00000000 B-6 651,806.37 4.85279% 994.40260150 4.02134763 0.00000000 0.00000000 (5) All classes are per $1000 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 0.28172753 0.00000000 0.00000000 A-2 0.00000000 0.00000000 3.00666660 0.00000000 686.35073250 A-3 0.00000000 0.00000000 3.49583328 0.00000000 1000.00000000 A-4 0.00000000 0.00000000 3.47583336 0.00000000 1000.00000000 A-5 0.00000000 0.00000000 3.11622338 0.00000000 671.04505687 A-6 0.00000000 0.00000000 2.95953840 0.00000000 671.04505680 A-7 0.00000000 0.00000000 3.11621905 0.00000000 671.04505714 A-8 0.00000000 0.00000000 0.57818244 0.00000000 671.04505684 A-9 0.00000000 0.00000000 0.15668493 0.00000000 671.04505680 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.02135305 0.00000000 993.35061236 B-2 0.00000000 0.00000000 4.02135038 0.00000000 993.35061381 B-3 0.00000000 0.00000000 4.02135359 0.00000000 993.35060773 B-4 0.00000000 0.00000000 4.02135788 0.00000000 993.35060990 B-5 0.00000000 0.00000000 4.02135632 0.00000000 993.35062069 B-6 0.00000000 0.00000000 4.02134763 0.00000000 993.35061730 (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 57,467.28 Deposits Payments of Interest and Principal 43,399,387.57 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 40,419.01 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 43,439,806.58 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 83,314.06 Payment of Interest and Principal 43,413,959.79 Total Withdrawals (Pool Distribution Amount) 43,497,273.85 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 24,977.02 Servicing Fee Support 24,977.02 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 105,478.32 Master Servicing Fee 2,812.76 Supported Prepayment/Curtailment Interest Shortfall 24,977.02 Net Servicing Fee 83,314.06
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 1 0 0 0 1 646,466.92 0.00 0.00 0.00 646,466.92 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 1 646,466.92 0.00 0.00 0.00 646,466.92 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 0.160256% 0.000000% 0.000000% 0.000000% 0.160256% 0.207305% 0.000000% 0.000000% 0.000000% 0.207305% 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 0.160256% 0.000000% 0.000000% 0.000000% 0.160256% 0.207305% 0.000000% 0.000000% 0.000000% 0.207305%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 116,285.66
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 12,165,806.37 2.80005303% 12,084,911.21 4.08992544% 95.910075% 100.000000% Class B-1 4,996,806.37 1.15005306% 4,963,580.67 1.67983649% 2.410089% 0.000000% Class B-2 3,041,806.37 0.70009491% 3,021,580.22 1.02260063% 0.657236% 0.000000% Class B-3 1,955,806.37 0.45014374% 1,942,801.46 0.65750695% 0.365094% 0.000000% Class B-4 1,086,806.37 0.25013677% 1,079,579.78 0.36536477% 0.292142% 0.000000% Class B-5 651,806.37 0.15001820% 647,472.26 0.21912559% 0.146239% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.219126% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description 5 Year LIBOR Arm Weighted Average Gross Coupon 5.237762% Weighted Average Net Coupon 4.852762% Weighted Average Pass-Through Rate 4.852762% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 713 Number Of Loans Paid In Full 89 Ending Scheduled Collateral Loan Count 624 Beginning Scheduled Collateral Balance 337,528,985.03 Ending Scheduled Collateral Balance 295,479,988.57 Ending Actual Collateral Balance at 30-Jun-2003 311,843,539.93 Monthly P &I Constant 1,880,670.79 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 43,352,238.47 Ending Scheduled Balance for Premium Loans 295,479,988.57 Scheduled Principal 357,076.37 Unscheduled Principal 41,691,920.09 Unpaid Principal Balance Of Outstanding Mortgage Loans With Or Less Than Or Equal To 80% 288,456,967.87 Greater Than 80%, less than or equal to 85% 422,408.37 Greater than 85%, less than or equal to 95% 6,608,361.32 Greater than 95% 0.00
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