-----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, WYCVFpdA9CG1ZF9biVDx4qmBw3cpGyENquEN0vYFQeVMr5OzAp2D6a2sxsE/tC5t trtiFoN8JE8ieAv4frHaEg== 0001056404-03-000968.txt : 20030604 0001056404-03-000968.hdr.sgml : 20030604 20030604155020 ACCESSION NUMBER: 0001056404-03-000968 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030525 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030604 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORTGAGE ASSET SECURIT TRANS INC MORT PS THR CERT SER 2003-1 CENTRAL INDEX KEY: 0001217064 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: 333-101254-01 FILM NUMBER: 03732626 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mal03001.txt MAY 8-K 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): May 27, 2003 MASTR ALTERNATIVE LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101254-01 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN 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 May 27, 2003 a distribution was made to holders of MASTR ALTERNATIVE LOAN TRUST, 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 May 27, 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. MASTR ALTERNATIVE LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-1 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: 5/28/03 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 May 27, 2003 distribution.
MASTR Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 4/30/03 Distribution Date: 5/27/03 MAL 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 1-A-1 576434BZ6 SEN 6.25000% 130,129,310.28 677,756.82 3,099,323.80 A-R 576434CA0 SEN 6.25000% 0.00 0.52 0.00 2-A-1 576434CC6 SEN 6.50000% 81,743,832.70 442,779.09 3,946,441.71 3-A-1 576434CF9 SEN 5.00000% 32,720,791.41 136,336.63 1,953,242.51 4-A-1 576434CG7 SEN 5.50000% 19,728,746.58 90,423.42 567,375.46 5-A-1 576434CK8 SEN 6.00000% 27,648,400.11 138,242.00 1,295,015.11 PO-1 576434CE2 PO 0.00000% 355,546.68 0.00 7,719.58 PO-2 576434CJ1 PO 0.00000% 30,666.77 0.00 129.85 A-X-1 576434CD4 IO 6.50000% 0.00 98,328.09 0.00 A-X-2 576434CH5 IO 5.00000% 0.00 30,902.76 0.00 A-X-3 576434CL6 IO 6.00000% 0.00 26,462.88 0.00 B-1 576434CN2 JUN 6.11141% 9,137,360.21 46,535.10 11,736.09 B-2 576434CP7 JUN 6.11141% 4,241,918.86 21,603.41 5,448.35 B-3 576434CQ5 JUN 6.11141% 2,610,105.08 13,292.84 3,352.44 B-4 576434CR3 JUN 6.11141% 2,284,340.05 11,633.77 2,934.02 B-5 576434CS1 JUN 6.11141% 1,142,668.14 5,819.42 1,467.65 B-6 576434CT9 JUN 6.11141% 1,305,563.62 6,649.02 1,676.88 Totals 313,079,250.49 1,746,765.77 10,895,863.45
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 127,029,986.57 3,777,080.62 0.00 A-R 0.00 0.00 0.52 0.00 2-A-1 0.00 77,797,390.99 4,389,220.80 0.00 3-A-1 0.00 30,767,548.91 2,089,579.14 0.00 4-A-1 0.00 19,161,371.12 657,798.88 0.00 5-A-1 0.00 26,353,385.00 1,433,257.11 0.00 PO-1 0.00 347,827.10 7,719.58 0.00 PO-2 0.00 30,536.92 129.85 0.00 A-X-1 0.00 0.00 98,328.09 0.00 A-X-2 0.00 0.00 30,902.76 0.00 A-X-3 0.00 0.00 26,462.88 0.00 B-1 0.00 9,125,624.12 58,271.19 0.00 B-2 0.00 4,236,470.51 27,051.76 0.00 B-3 0.00 2,606,752.64 16,645.28 0.00 B-4 0.00 2,281,406.03 14,567.79 0.00 B-5 0.00 1,141,200.49 7,287.07 0.00 B-6 0.00 1,303,886.74 8,325.90 0.00 Totals 0.00 302,183,387.14 12,642,629.22 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) 1-A-1 136,225,000.00 130,129,310.28 110,207.00 3,099,323.80 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 2-A-1 86,294,000.00 81,743,832.70 61,090.87 3,885,350.84 0.00 0.00 3-A-1 33,514,000.00 32,720,791.41 119,767.57 1,833,474.94 0.00 0.00 4-A-1 20,008,000.00 19,728,746.58 68,854.35 498,521.11 0.00 0.00 5-A-1 30,334,000.00 27,648,400.11 20,268.63 1,274,746.48 0.00 0.00 PO-1 356,717.00 355,546.68 328.84 7,390.74 0.00 0.00 PO-2 31,053.00 30,666.77 129.85 0.00 0.00 0.00 A-X-1 0.00 0.00 0.00 0.00 0.00 0.00 A-X-2 0.00 0.00 0.00 0.00 0.00 0.00 A-X-3 0.00 0.00 0.00 0.00 0.00 0.00 B-1 9,172,000.00 9,137,360.21 11,736.09 0.00 0.00 0.00 B-2 4,258,000.00 4,241,918.86 5,448.35 0.00 0.00 0.00 B-3 2,620,000.00 2,610,105.08 3,352.44 0.00 0.00 0.00 B-4 2,293,000.00 2,284,340.05 2,934.02 0.00 0.00 0.00 B-5 1,147,000.00 1,142,668.14 1,467.65 0.00 0.00 0.00 B-6 1,310,513.00 1,305,563.62 1,676.87 0.00 0.00 0.00 Totals 327,563,383.00 313,079,250.49 407,262.53 10,598,807.91 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 1-A-1 3,099,323.80 127,029,986.57 0.93250128 3,099,323.80 A-R 0.00 0.00 0.00000000 0.00 2-A-1 3,946,441.71 77,797,390.99 0.90153882 3,946,441.71 3-A-1 1,953,242.51 30,767,548.91 0.91805063 1,953,242.51 4-A-1 567,375.46 19,161,371.12 0.95768548 567,375.46 5-A-1 1,295,015.11 26,353,385.00 0.86877382 1,295,015.11 PO-1 7,719.58 347,827.10 0.97507856 7,719.58 PO-2 129.85 30,536.92 0.98338067 129.85 A-X-1 0.00 0.00 0.00000000 0.00 A-X-2 0.00 0.00 0.00000000 0.00 A-X-3 0.00 0.00 0.00000000 0.00 B-1 11,736.09 9,125,624.12 0.99494375 11,736.09 B-2 5,448.35 4,236,470.51 0.99494376 5,448.35 B-3 3,352.44 2,606,752.64 0.99494376 3,352.44 B-4 2,934.02 2,281,406.03 0.99494375 2,934.02 B-5 1,467.65 1,141,200.49 0.99494376 1,467.65 B-6 1,676.88 1,303,886.74 0.99494377 1,676.88 Totals 10,895,863.45 302,183,387.14 0.92251882 10,895,863.45
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 136,225,000.00 955.25278238 0.80900716 22.75150523 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 86,294,000.00 947.27133636 0.70793879 45.02457691 0.00000000 3-A-1 33,514,000.00 976.33202274 3.57365787 54.70773229 0.00000000 4-A-1 20,008,000.00 986.04291184 3.44134096 24.91608906 0.00000000 5-A-1 30,334,000.00 911.46568570 0.66818191 42.02368563 0.00000000 PO-1 356,717.00 996.71919196 0.92185122 20.71877707 0.00000000 PO-2 31,053.00 987.56223231 4.18156056 0.00000000 0.00000000 A-X-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 9,172,000.00 996.22331116 1.27955626 0.00000000 0.00000000 B-2 4,258,000.00 996.22331141 1.27955613 0.00000000 0.00000000 B-3 2,620,000.00 996.22331298 1.27955725 0.00000000 0.00000000 B-4 2,293,000.00 996.22331007 1.27955517 0.00000000 0.00000000 B-5 1,147,000.00 996.22331299 1.27955536 0.00000000 0.00000000 B-6 1,310,513.00 996.22332629 1.27955236 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 1-A-1 0.00000000 22.75150523 932.50127781 0.93250128 22.75150523 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 45.73251570 901.53882066 0.90153882 45.73251570 3-A-1 0.00000000 58.28139017 918.05063287 0.91805063 58.28139017 4-A-1 0.00000000 28.35743003 957.68548181 0.95768548 28.35743003 5-A-1 0.00000000 42.69186754 868.77381816 0.86877382 42.69186754 PO-1 0.00000000 21.64062829 975.07856368 0.97507856 21.64062829 PO-2 0.00000000 4.18156056 983.38067175 0.98338067 4.18156056 A-X-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.27955626 994.94375491 0.99494375 1.27955626 B-2 0.00000000 1.27955613 994.94375528 0.99494376 1.27955613 B-3 0.00000000 1.27955725 994.94375573 0.99494376 1.27955725 B-4 0.00000000 1.27955517 994.94375491 0.99494375 1.27955517 B-5 0.00000000 1.27955536 994.94375763 0.99494376 1.27955536 B-6 0.00000000 1.27955999 994.94376630 0.99494377 1.27955999 (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 1-A-1 136,225,000.00 6.25000% 130,129,310.28 677,756.82 0.00 0.00 A-R 100.00 6.25000% 0.00 0.52 0.00 0.00 2-A-1 86,294,000.00 6.50000% 81,743,832.70 442,779.09 0.00 0.00 3-A-1 33,514,000.00 5.00000% 32,720,791.41 136,336.63 0.00 0.00 4-A-1 20,008,000.00 5.50000% 19,728,746.58 90,423.42 0.00 0.00 5-A-1 30,334,000.00 6.00000% 27,648,400.11 138,242.00 0.00 0.00 PO-1 356,717.00 0.00000% 355,546.68 0.00 0.00 0.00 PO-2 31,053.00 0.00000% 30,666.77 0.00 0.00 0.00 A-X-1 0.00 6.50000% 18,152,878.50 98,328.09 0.00 0.00 A-X-2 0.00 5.00000% 7,416,661.45 30,902.76 0.00 0.00 A-X-3 0.00 6.00000% 5,292,576.19 26,462.88 0.00 0.00 B-1 9,172,000.00 6.11141% 9,137,360.21 46,535.10 0.00 0.00 B-2 4,258,000.00 6.11141% 4,241,918.86 21,603.41 0.00 0.00 B-3 2,620,000.00 6.11141% 2,610,105.08 13,292.84 0.00 0.00 B-4 2,293,000.00 6.11141% 2,284,340.05 11,633.77 0.00 0.00 B-5 1,147,000.00 6.11141% 1,142,668.14 5,819.42 0.00 0.00 B-6 1,310,513.00 6.11141% 1,305,563.62 6,649.02 0.00 0.00 Totals 327,563,383.00 1,746,765.77 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 1-A-1 0.00 0.00 677,756.82 0.00 127,029,986.57 A-R 0.00 0.00 0.52 0.00 0.00 2-A-1 0.00 0.00 442,779.09 0.00 77,797,390.99 3-A-1 0.00 0.00 136,336.63 0.00 30,767,548.91 4-A-1 0.00 0.00 90,423.42 0.00 19,161,371.12 5-A-1 0.00 0.00 138,242.00 0.00 26,353,385.00 PO-1 0.00 0.00 0.00 0.00 347,827.10 PO-2 0.00 0.00 0.00 0.00 30,536.92 A-X-1 0.00 0.00 98,328.09 0.00 17,559,846.71 A-X-2 0.00 0.00 30,902.76 0.00 7,080,085.86 A-X-3 0.00 0.00 26,462.88 0.00 5,042,433.75 B-1 0.00 0.00 46,535.10 0.00 9,125,624.12 B-2 0.00 0.00 21,603.41 0.00 4,236,470.51 B-3 0.00 0.00 13,292.84 0.00 2,606,752.64 B-4 0.00 0.00 11,633.77 0.00 2,281,406.03 B-5 0.00 0.00 5,819.42 0.00 1,141,200.49 B-6 0.00 0.00 6,649.02 0.00 1,303,886.74 Totals 0.00 0.00 1,746,765.77 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 1-A-1 136,225,000.00 6.25000% 955.25278238 4.97527488 0.00000000 0.00000000 A-R 100.00 6.25000% 0.00000000 5.20000000 0.00000000 0.00000000 2-A-1 86,294,000.00 6.50000% 947.27133636 5.13105303 0.00000000 0.00000000 3-A-1 33,514,000.00 5.00000% 976.33202274 4.06805007 0.00000000 0.00000000 4-A-1 20,008,000.00 5.50000% 986.04291184 4.51936325 0.00000000 0.00000000 5-A-1 30,334,000.00 6.00000% 911.46568570 4.55732841 0.00000000 0.00000000 PO-1 356,717.00 0.00000% 996.71919196 0.00000000 0.00000000 0.00000000 PO-2 31,053.00 0.00000% 987.56223231 0.00000000 0.00000000 0.00000000 A-X-1 0.00 6.50000% 941.74957418 5.10114343 0.00000000 0.00000000 A-X-2 0.00 5.00000% 979.81639989 4.08256886 0.00000000 0.00000000 A-X-3 0.00 6.00000% 894.30614248 4.47153055 0.00000000 0.00000000 B-1 9,172,000.00 6.11141% 996.22331116 5.07360445 0.00000000 0.00000000 B-2 4,258,000.00 6.11141% 996.22331141 5.07360498 0.00000000 0.00000000 B-3 2,620,000.00 6.11141% 996.22331298 5.07360305 0.00000000 0.00000000 B-4 2,293,000.00 6.11141% 996.22331007 5.07360227 0.00000000 0.00000000 B-5 1,147,000.00 6.11141% 996.22331299 5.07360070 0.00000000 0.00000000 B-6 1,310,513.00 6.11141% 996.22332629 5.07360095 0.00000000 0.00000000 (5) Per $1 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 1-A-1 0.00000000 0.00000000 4.97527488 0.00000000 932.50127781 A-R 0.00000000 0.00000000 5.20000000 0.00000000 0.00000000 2-A-1 0.00000000 0.00000000 5.13105303 0.00000000 901.53882066 3-A-1 0.00000000 0.00000000 4.06805007 0.00000000 918.05063287 4-A-1 0.00000000 0.00000000 4.51936325 0.00000000 957.68548181 5-A-1 0.00000000 0.00000000 4.55732841 0.00000000 868.77381816 PO-1 0.00000000 0.00000000 0.00000000 0.00000000 975.07856368 PO-2 0.00000000 0.00000000 0.00000000 0.00000000 983.38067175 A-X-1 0.00000000 0.00000000 5.10114343 0.00000000 910.98379586 A-X-2 0.00000000 0.00000000 4.08256886 0.00000000 935.35134171 A-X-3 0.00000000 0.00000000 4.47153055 0.00000000 852.03865070 B-1 0.00000000 0.00000000 5.07360445 0.00000000 994.94375491 B-2 0.00000000 0.00000000 5.07360498 0.00000000 994.94375528 B-3 0.00000000 0.00000000 5.07360305 0.00000000 994.94375573 B-4 0.00000000 0.00000000 5.07360227 0.00000000 994.94375491 B-5 0.00000000 0.00000000 5.07360070 0.00000000 994.94375763 B-6 0.00000000 0.00000000 5.07360095 0.00000000 994.94376630 (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 12,711,853.51 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 57,742.38 Realized Losses 0.00 Prepayment Penalties 0.00 Total Deposits 12,769,595.89 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 126,966.67 Payment of Interest and Principal 12,642,629.22 Total Withdrawals (Pool Distribution Amount) 12,769,595.89 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 65,224.80 Lender PMI 61,741.87 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 126,966.67
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 36 0 0 0 36 5,351,240.10 0.00 0.00 0.00 5,351,240.10 60 Days 17 0 0 0 17 2,727,385.66 0.00 0.00 0.00 2,727,385.66 90 Days 3 0 2 0 5 274,576.75 0.00 123,429.76 0.00 398,006.51 120 Days 1 0 0 0 1 76,792.96 0.00 0.00 0.00 76,792.96 150 Days 1 0 0 0 1 51,706.51 0.00 0.00 0.00 51,706.51 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 58 0 2 0 60 8,481,701.98 0.00 123,429.76 0.00 8,605,131.74 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 1.622352% 0.000000% 0.000000% 0.000000% 1.622352% 1.768901% 0.000000% 0.000000% 0.000000% 1.768901% 60 Days 0.766111% 0.000000% 0.000000% 0.000000% 0.766111% 0.901562% 0.000000% 0.000000% 0.000000% 0.901562% 90 Days 0.135196% 0.000000% 0.090131% 0.000000% 0.225327% 0.090764% 0.000000% 0.040801% 0.000000% 0.131565% 120 Days 0.045065% 0.000000% 0.000000% 0.000000% 0.045065% 0.025385% 0.000000% 0.000000% 0.000000% 0.025385% 150 Days 0.045065% 0.000000% 0.000000% 0.000000% 0.045065% 0.017092% 0.000000% 0.000000% 0.000000% 0.017092% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.613790% 0.000000% 0.090131% 0.000000% 2.703921% 2.803703% 0.000000% 0.040801% 0.000000% 2.844504%
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 17 0 0 0 17 2,133,128.43 0.00 0.00 0.00 2,133,128.43 60 Days 9 0 0 0 9 1,173,604.72 0.00 0.00 0.00 1,173,604.72 90 Days 3 0 0 0 3 274,576.75 0.00 0.00 0.00 274,576.75 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 0 0 1 51,706.51 0.00 0.00 0.00 51,706.51 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 30 0 0 0 30 3,633,016.41 0.00 0.00 0.00 3,633,016.41 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.440678% 0.000000% 0.000000% 0.000000% 1.440678% 1.562857% 0.000000% 0.000000% 0.000000% 1.562857% 60 Days 0.762712% 0.000000% 0.000000% 0.000000% 0.762712% 0.859853% 0.000000% 0.000000% 0.000000% 0.859853% 90 Days 0.254237% 0.000000% 0.000000% 0.000000% 0.254237% 0.201171% 0.000000% 0.000000% 0.000000% 0.201171% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.084746% 0.000000% 0.000000% 0.000000% 0.084746% 0.037883% 0.000000% 0.000000% 0.000000% 0.037883% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.542373% 0.000000% 0.000000% 0.000000% 2.542373% 2.661764% 0.000000% 0.000000% 0.000000% 2.661764% 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 18 0 0 0 18 2,847,242.93 0.00 0.00 0.00 2,847,242.93 60 Days 7 0 0 0 7 1,184,235.74 0.00 0.00 0.00 1,184,235.74 90 Days 0 0 2 0 2 0.00 0.00 123,429.76 0.00 123,429.76 120 Days 1 0 0 0 1 76,792.96 0.00 0.00 0.00 76,792.96 150 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 26 0 2 0 28 4,108,271.63 0.00 123,429.76 0.00 4,231,701.39 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.284672% 0.000000% 0.000000% 0.000000% 3.284672% 3.393765% 0.000000% 0.000000% 0.000000% 3.393765% 60 Days 1.277372% 0.000000% 0.000000% 0.000000% 1.277372% 1.411547% 0.000000% 0.000000% 0.000000% 1.411547% 90 Days 0.000000% 0.000000% 0.364964% 0.000000% 0.364964% 0.000000% 0.000000% 0.147122% 0.000000% 0.147122% 120 Days 0.182482% 0.000000% 0.000000% 0.000000% 0.182482% 0.091533% 0.000000% 0.000000% 0.000000% 0.091533% 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 4.744526% 0.000000% 0.364964% 0.000000% 5.109489% 4.896846% 0.000000% 0.147122% 0.000000% 5.043968% 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 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 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 1 0 0 0 1 370,868.74 0.00 0.00 0.00 370,868.74 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 1 370,868.74 0.00 0.00 0.00 370,868.74 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.934579% 0.000000% 0.000000% 0.000000% 0.934579% 1.802591% 0.000000% 0.000000% 0.000000% 1.802591% 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 0.934579% 0.000000% 0.000000% 0.000000% 0.934579% 1.802591% 0.000000% 0.000000% 0.000000% 1.802591% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 1 0 0 0 1 369,545.20 0.00 0.00 0.00 369,545.20 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 1 369,545.20 0.00 0.00 0.00 369,545.20 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 1.449275% 0.000000% 0.000000% 0.000000% 1.449275% 1.300141% 0.000000% 0.000000% 0.000000% 1.300141% 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 1.449275% 0.000000% 0.000000% 0.000000% 1.449275% 1.300141% 0.000000% 0.000000% 0.000000% 1.300141%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 57,742.38
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.04579266% 150,000.00 0.04963873% Fraud 9,826,902.00 3.00000016% 9,826,902.00 3.25196632% Special Hazard 3,275,634.00 1.00000005% 3,275,634.00 1.08398877% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 7.181820% Weighted Average Pass-Through Rate 6.695169% Weighted Average Maturity(Stepdown Calculation ) 323 Beginning Scheduled Collateral Loan Count 2,274 Number Of Loans Paid In Full 55 Ending Scheduled Collateral Loan Count 2,219 Beginning Scheduled Collateral Balance 313,079,251.68 Ending Scheduled Collateral Balance 302,183,388.23 Ending Actual Collateral Balance at 30-Apr-2003 302,517,829.49 Monthly P &I Constant 2,280,994.83 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,612,837.80 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 302,183,388.23 Scheduled Principal 407,262.54 Unscheduled Principal 10,488,600.91
Miscellaneous Reporting Group 1 Senior Percentage 93.382019% Group 2 Senior Percentage 93.319607% Group 3 Senior Percentage 93.564276% Group 4 Senior Percentage 93.625447% Group 5 Senior Percentage 93.084892% Group 1 Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 3 Senior Prepayment Percentage 100.000000% Group 4 Senior Prepayment Percentage 100.000000% Group 5 Senior Prepayment Percentage 100.000000% Group 1 Junior Percentage 6.617981% Group 2 Junior Percentage 6.680393% Group 3 Junior Percentage 6.435724% Group 4 Junior Percentage 6.374553% Group 5 Junior Percentage 6.915108%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 7.133858 7.728780 5.903745 Weighted Average Net Rate 6.883858 7.478781 5.653746 Weighted Average Maturity 353 353 174 Beginning Loan Count 1,201 568 324 Loans Paid In Full 21 20 9 Ending Loan Count 1,180 548 315 Beginning Scheduled Balance 139,499,248.30 87,803,536.69 34,989,373.25 Ending scheduled Balance 136,391,906.47 83,845,209.80 33,027,810.33 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal And Interest Constant 947,469.78 631,158.98 300,228.27 Scheduled Principal 118,163.20 65,647.14 128,087.98 Unscheduled Principal 2,989,178.63 3,892,679.75 1,833,474.94 Scheduled Interest 829,306.58 565,511.84 172,140.29 Servicing Fees 29,062.37 18,292.33 7,289.44 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 14,942.80 33,927.10 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 785,301.41 513,292.41 164,850.85 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 6.755318 7.015102 5.653745
Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 6.485826 7.789832 7.181820 Weighted Average Net Rate 6.235825 7.539832 6.931820 Weighted Average Maturity 174 353 323 Beginning Loan Count 109 72 2,274 Loans Paid In Full 2 3 55 Ending Loan Count 107 69 2,219 Beginning Scheduled Balance 21,084,743.84 29,702,349.60 313,079,251.68 Ending scheduled Balance 20,512,632.86 28,405,828.77 302,183,388.23 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal And Interest Constant 187,549.86 214,587.94 2,280,994.83 Scheduled Principal 73,589.87 21,774.35 407,262.54 Unscheduled Principal 498,521.11 1,274,746.48 10,488,600.91 Scheduled Interest 113,959.99 192,813.59 1,873,732.29 Servicing Fees 4,392.68 6,187.98 65,224.80 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 1,221.08 11,650.89 61,741.87 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 108,346.23 174,974.72 1,746,765.62 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 6.166329 7.069124 6.695169
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