-----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, R36Uj7VCSLGhZ8Z5PeEojFi4/OQZD0m4zkB1xg2qDPQkMAls0Los9fHhh8pH1esj 1xBR8HAlYuGxyoitXkKmYw== 0001056404-03-001760.txt : 20031003 0001056404-03-001760.hdr.sgml : 20031003 20031003135145 ACCESSION NUMBER: 0001056404-03-001760 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: 20031003 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GREENWICH CAPITAL ACCEPTANCE INC THORN MORT SEC TR 2003-1 CENTRAL INDEX KEY: 0001216897 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: 333-99463-05 FILM NUMBER: 03927364 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA NA STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 thb03001_sept.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 THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-99463-05 Pending 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 September 25, 2003 a distribution was made to holders of THORNBURG MORTGAGE SECURITIES CORPORATION, Mortgage Pass-Through 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 Mortgage Pass-Through 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. THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/26/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the September 25, 2003 distribution. EX-99.1
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 THB 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 885220CR2 SEN 2.79079% 175,890,456.41 409,061.72 4,852,826.44 A-R 885220CV3 SEN 2.88797% 0.00 14,400.00 0.00 A-2 885220CS0 SEN 4.31385% 83,838,523.39 301,389.25 4,773,741.64 A-3 885220CT8 SEN 4.79336% 283,596,411.66 1,132,815.63 23,612,843.31 A-4 885220CU5 SEN 5.37341% 42,568,725.03 190,615.94 3,104,719.54 B-1 885220CW1 SUB 4.26300% 7,734,178.99 27,475.65 1,294.68 B-2 885220CX9 SUB 4.26300% 5,799,385.67 20,602.30 970.80 B-3 885220CY7 SUB 4.26300% 4,639,708.31 16,482.55 776.68 B-4 885220CZ4 SUB 4.26300% 1,158,678.50 4,116.20 193.96 B-5 885220DA8 SUB 4.26300% 771,120.52 2,739.40 129.08 B-6 885220DB6 SUB 4.26300% 1,946,542.92 6,915.09 325.85 Totals 607,943,731.40 2,126,613.73 36,347,821.98
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 171,037,629.97 5,261,888.16 0.00 A-R 0.00 0.00 14,400.00 0.00 A-2 0.00 79,064,781.75 5,075,130.89 0.00 A-3 0.00 259,983,568.35 24,745,658.94 0.00 A-4 0.00 39,464,005.49 3,295,335.48 0.00 B-1 0.00 7,732,884.31 28,770.33 0.00 B-2 0.00 5,798,414.87 21,573.10 0.00 B-3 0.00 4,638,931.63 17,259.23 0.00 B-4 0.00 1,158,484.54 4,310.16 0.00 B-5 0.00 770,991.44 2,868.48 0.00 B-6 0.00 1,946,217.08 7,240.94 0.00 Totals 0.00 571,595,909.43 38,474,435.71 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-1 187,279,000.00 175,890,456.41 7,827.92 4,844,998.52 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 A-2 115,997,000.00 83,838,523.39 16,755.62 4,756,986.02 0.00 0.00 A-3 394,210,000.00 283,596,411.66 64,295.98 23,548,547.33 0.00 0.00 A-4 54,914,000.00 42,568,725.03 3,944.93 3,100,774.61 0.00 0.00 B-1 7,743,000.00 7,734,178.99 1,294.68 0.00 0.00 0.00 B-2 5,806,000.00 5,799,385.67 970.80 0.00 0.00 0.00 B-3 4,645,000.00 4,639,708.31 776.68 0.00 0.00 0.00 B-4 1,160,000.00 1,158,678.50 193.96 0.00 0.00 0.00 B-5 772,000.00 771,120.52 129.08 0.00 0.00 0.00 B-6 1,948,763.00 1,946,542.92 325.85 0.00 0.00 0.00 Totals 774,474,863.00 607,943,731.40 96,515.50 36,251,306.48 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 4,852,826.44 171,037,629.97 0.91327714 4,852,826.44 A-R 0.00 0.00 0.00000000 0.00 A-2 4,773,741.64 79,064,781.75 0.68161057 4,773,741.64 A-3 23,612,843.31 259,983,568.35 0.65950526 23,612,843.31 A-4 3,104,719.54 39,464,005.49 0.71865108 3,104,719.54 B-1 1,294.68 7,732,884.31 0.99869357 1,294.68 B-2 970.80 5,798,414.87 0.99869357 970.80 B-3 776.68 4,638,931.63 0.99869357 776.68 B-4 193.96 1,158,484.54 0.99869357 193.96 B-5 129.08 770,991.44 0.99869358 129.08 B-6 325.85 1,946,217.08 0.99869357 325.85 Totals 36,347,821.98 571,595,909.43 0.73804320 36,347,821.98
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 187,279,000.00 939.18942546 0.04179817 25.87048478 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A-2 115,997,000.00 722.76458348 0.14444874 41.00956076 0.00000000 A-3 394,210,000.00 719.40440796 0.16310083 59.73604761 0.00000000 A-4 54,914,000.00 775.18893233 0.07183833 56.46601249 0.00000000 B-1 7,743,000.00 998.86077618 0.16720651 0.00000000 0.00000000 B-2 5,806,000.00 998.86077678 0.16720634 0.00000000 0.00000000 B-3 4,645,000.00 998.86077718 0.16720775 0.00000000 0.00000000 B-4 1,160,000.00 998.86077586 0.16720690 0.00000000 0.00000000 B-5 772,000.00 998.86077720 0.16720207 0.00000000 0.00000000 B-6 1,948,763.00 998.86077476 0.16720863 0.00000000 0.00000000 (2) All Classes Are 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 25.91228296 913.27714250 0.91327714 25.91228296 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-2 0.00000000 41.15400950 681.61057398 0.68161057 41.15400950 A-3 0.00000000 59.89914845 659.50525951 0.65950526 59.89914845 A-4 0.00000000 56.53785082 718.65108151 0.71865108 56.53785082 B-1 0.00000000 0.16720651 998.69356968 0.99869357 0.16720651 B-2 0.00000000 0.16720634 998.69357044 0.99869357 0.16720634 B-3 0.00000000 0.16720775 998.69356943 0.99869357 0.16720775 B-4 0.00000000 0.16720690 998.69356897 0.99869357 0.16720690 B-5 0.00000000 0.16720207 998.69357513 0.99869358 0.16720207 B-6 0.00000000 0.16720863 998.69357126 0.99869357 0.16720863 (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-1 187,279,000.00 2.79079% 175,890,456.41 409,061.72 0.00 0.00 A-R 100.00 2.88797% 0.00 0.00 0.00 0.00 A-2 115,997,000.00 4.31385% 83,838,523.39 301,389.25 0.00 0.00 A-3 394,210,000.00 4.79336% 283,596,411.66 1,132,815.63 0.00 0.00 A-4 54,914,000.00 5.37341% 42,568,725.03 190,615.95 0.00 0.00 B-1 7,743,000.00 4.26300% 7,734,178.99 27,475.65 0.00 0.00 B-2 5,806,000.00 4.26300% 5,799,385.67 20,602.30 0.00 0.00 B-3 4,645,000.00 4.26300% 4,639,708.31 16,482.55 0.00 0.00 B-4 1,160,000.00 4.26300% 1,158,678.50 4,116.20 0.00 0.00 B-5 772,000.00 4.26300% 771,120.52 2,739.40 0.00 0.00 B-6 1,948,763.00 4.26300% 1,946,542.92 6,915.09 0.00 0.00 Totals 774,474,863.00 2,112,213.74 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 0.00 409,061.72 0.00 171,037,629.97 A-R 0.00 0.00 14,400.00 0.00 0.00 A-2 0.00 0.00 301,389.25 0.00 79,064,781.75 A-3 0.01 0.00 1,132,815.63 0.00 259,983,568.35 A-4 0.00 0.00 190,615.94 0.00 39,464,005.49 B-1 0.00 0.00 27,475.65 0.00 7,732,884.31 B-2 0.00 0.00 20,602.30 0.00 5,798,414.87 B-3 0.00 0.00 16,482.55 0.00 4,638,931.63 B-4 0.00 0.00 4,116.20 0.00 1,158,484.54 B-5 0.00 0.00 2,739.40 0.00 770,991.44 B-6 0.00 0.00 6,915.09 0.00 1,946,217.08 Totals 0.01 0.00 2,126,613.73 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-1 187,279,000.00 2.79079% 939.18942546 2.18423699 0.00000000 0.00000000 A-R 100.00 2.88797% 0.00000000 0.00000000 0.00000000 0.00000000 A-2 115,997,000.00 4.31385% 722.76458348 2.59825039 0.00000000 0.00000000 A-3 394,210,000.00 4.79336% 719.40440796 2.87363494 0.00000000 0.00000000 A-4 54,914,000.00 5.37341% 775.18893233 3.47117220 0.00000000 0.00000000 B-1 7,743,000.00 4.26300% 998.86077618 3.54845021 0.00000000 0.00000000 B-2 5,806,000.00 4.26300% 998.86077678 3.54844988 0.00000000 0.00000000 B-3 4,645,000.00 4.26300% 998.86077718 3.54844995 0.00000000 0.00000000 B-4 1,160,000.00 4.26300% 998.86077586 3.54844828 0.00000000 0.00000000 B-5 772,000.00 4.26300% 998.86077720 3.54844560 0.00000000 0.00000000 B-6 1,948,763.00 4.26300% 998.86077476 3.54845099 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 2.18423699 0.00000000 913.27714250 A-R 0.00000000 0.00000000 144000.00000000 0.00000000 0.00000000 A-2 0.00000000 0.00000000 2.59825039 0.00000000 681.61057398 A-3 0.00000003 0.00000000 2.87363494 0.00000000 659.50525951 A-4 0.00000000 0.00000000 3.47117201 0.00000000 718.65108151 B-1 0.00000000 0.00000000 3.54845021 0.00000000 998.69356968 B-2 0.00000000 0.00000000 3.54844988 0.00000000 998.69357044 B-3 0.00000000 0.00000000 3.54844995 0.00000000 998.69356943 B-4 0.00000000 0.00000000 3.54844828 0.00000000 998.69356897 B-5 0.00000000 0.00000000 3.54844560 0.00000000 998.69357513 B-6 0.00000000 0.00000000 3.54845099 0.00000000 998.69357126 (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 38,638,232.17 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 11,404.47 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 14,400.00 Total Deposits 38,664,036.64 Withdrawals Reimbursement for Servicer Advances 13,338.50 Payment of Service Fee 176,262.43 Payment of Interest and Principal 38,474,435.71 Total Withdrawals (Pool Distribution Amount) 38,664,036.64 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 165,623.36 Master Servicing Fee- Wells Fargo 10,132.41 Trustee Fee - Deutsche Bank 506.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 176,262.43
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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 6 0 0 0 6 2,851,212.38 0.00 0.00 0.00 2,851,212.38 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 6 0 0 0 6 2,851,212.38 0.00 0.00 0.00 2,851,212.38 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.818554% 0.000000% 0.000000% 0.000000% 0.818554% 1.049890% 0.000000% 0.000000% 0.000000% 1.049890% 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 0.818554% 0.000000% 0.000000% 0.000000% 0.818554% 1.049890% 0.000000% 0.000000% 0.000000% 1.049890% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.517147% Weighted Average Net Coupon 4.190229% Weighted Average Pass-Through Rate 4.169229% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 1,455 Number Of Loans Paid In Full 83 Ending Scheduled Collateral Loan Count 1,372 Beginning Scheduled Collateral Balance 607,943,731.87 Ending Scheduled Collateral Balance 571,595,909.89 Ending Actual Collateral Balance at 31-Aug-2003 571,663,954.29 Monthly P &I Constant 2,384,991.64 Special Servicing Fee 0.00 Prepayment Penalties 14,400.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 38,378,013.49 Ending Scheduled Balance for Premium Loans 571,595,909.89 Scheduled Principal 96,515.50 Unscheduled Principal 36,251,306.48
Miscellaneous Reporting Senior Percentage Group 1 96.971902% Senior PrePayment Percentage Grp 1 100.000000% Subordinate Percentage Group 1 3.028098% Subordinate PrePayment Percentage Grp 1 0.000000% Senior Percentage Group 2 96.104527% Senior PrePayment Percentage Grp 2 100.000000% Subordinate Percentage Group 2 3.895473% Subordinate PrePayment Percentage Grp 2 0.000000% Senior Percentage Group 3 96.087248% Senior PrePayment Percentage Grp 3 100.000000% Subordinate Percentage Group 3 3.912752% Subordinate PrePayment Percentage Grp 3 0.000000% Senior Percentage Group 4 96.354408% Senior PrePayment Percentage Grp 4 100.000000% Subordinate Percentage Group 4 3.645592% Subordinate PrePayment Percentage Grp 4 0.000000%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.182037 4.589102 5.147643 Weighted Average Net Rate 2.811794 4.334854 4.814357 Weighted Average Maturity 353 357 350 Beginning Loan Count 366 230 791 Loans Paid In Full 9 13 58 Ending Loan Count 357 217 733 Beginning Scheduled Balance 181,382,909.01 87,236,809.52 295,144,690.25 Ending scheduled Balance 176,529,838.13 82,462,388.71 271,529,228.76 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 489,044.92 351,050.34 1,332,997.08 Scheduled Principal 8,072.36 17,434.79 66,914.16 Unscheduled Principal 4,844,998.52 4,756,986.02 23,548,547.33 Scheduled Interest 480,972.56 333,615.55 1,266,082.92 Servicing Fees 55,963.02 18,483.22 81,973.08 Master Servicing Fees 3,023.04 1,453.95 4,919.09 Trustee Fee 151.17 72.71 245.96 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 421,835.33 313,605.67 1,178,944.79 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 2.790794 4.313853 4.793357
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.644408 4.517147 Weighted Average Net Rate 5.394408 4.190229 Weighted Average Maturity 351 352 Beginning Loan Count 68 1,455 Loans Paid In Full 3 83 Ending Loan Count 65 1,372 Beginning Scheduled Balance 44,179,323.09 607,943,731.87 Ending scheduled Balance 41,074,454.29 571,595,909.89 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 211,899.30 2,384,991.64 Scheduled Principal 4,094.19 96,515.50 Unscheduled Principal 3,100,774.61 36,251,306.48 Scheduled Interest 207,805.11 2,288,476.14 Servicing Fees 9,204.04 165,623.36 Master Servicing Fees 736.33 10,132.41 Trustee Fee 36.82 506.66 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 197,827.92 2,112,213.71 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 5.373408 4.169229
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