-----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, BvF2vCSgrWAYvNQdNTjnVeNTSG08LvMrftQejR4zHnQCbhCfCpRAbsp3FpVF8u/8 VinAoY4P/RYIGhxchcSEfg== 0001056404-03-001081.txt : 20030703 0001056404-03-001081.hdr.sgml : 20030703 20030703090615 ACCESSION NUMBER: 0001056404-03-001081 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTER ADJUSTABLE RATE MORTGAGES TRUST 2003-1 CENTRAL INDEX KEY: 0001217254 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 061204982 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-101254-02 FILM NUMBER: 03773748 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10021 BUSINESS PHONE: 2127334333 MAIL ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10021 8-K 1 mam03001.txt JUNE 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): June 25, 2003 MASTR ADJUSTABLE RATE MORTGAGES TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101254-02 Pooling and Servicing Agreement) (Commission 06-1682967 (State or other File Number) 06-1682975 jurisdiction Pending of Incorporation) IRS EIN 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 June 25, 2003 a distribution was made to holders of MASTR ADJUSTABLE RATE MORTGAGES 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 June 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. MASTR ADJUSTABLE RATE MORTGAGES 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: 6/25/03 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 June 25, 2003 distribution.
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 5/31/03 Distribution Date: 6/25/03 MARM 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-A1 576433CH7 SEN 4.15000% 11,600,173.45 39,717.78 1,363,634.80 1-AIO 576433CJ3 IO 1.41520% 0.00 13,544.23 0.00 2-A1 576433DA1 SEN 4.65000% 37,386,820.46 143,431.27 3,363,693.55 2-A2 576433DC7 SEN 4.65000% 49,511,905.17 189,948.09 4,454,587.84 2-A3 576433DD5 SEN 4.65000% 1,732,916.68 6,648.18 155,910.57 2-AIO 576433CK0 IO 0.30645% 0.00 22,409.16 0.00 3-A1 576433CL8 SEN 4.95000% 22,387,750.03 91,429.85 752,733.76 3-AIO 576433CM6 IO 0.68284% 0.00 12,612.47 0.00 AR 576433CN4 SEN 5.63305% 0.00 0.00 0.00 B-1 576433CQ7 SUB 5.12802% 2,602,330.56 11,009.93 2,967.04 B-2 576433CR5 SUB 5.12802% 893,991.14 3,782.29 1,019.28 B-3 576433CS3 SUB 5.12802% 731,718.81 3,095.75 834.27 B-4 576433CW4 SUB 5.12802% 325,540.20 1,377.29 371.16 B-5 576433CX2 SUB 5.12802% 243,906.27 1,031.92 278.09 B-6 576433CY0 SUB 5.12802% 325,550.96 1,377.34 371.18 4-A1 576433CT1 SEN 1.82000% 75,507,487.74 110,702.37 2,730,525.93 4-M1 576433CU8 SUB 2.82000% 2,999,138.00 6,813.04 0.00 4-M2 576433DB9 SUB 3.82000% 2,537,732.00 7,809.17 0.00 4-B 576433CV6 SUB 5.32000% 1,845,623.00 7,909.52 0.00 4-X 576433CZ7 SUB 0.00000% 922,811.62 329,246.87 0.00 ALRA 576433CP9 SEQ 0.00000% 0.00 0.00 0.00 AMR MAM031AMR SEQ 0.00000% 0.00 0.00 0.00 ALRB MAM03ALRB SEQ 0.00000% 0.00 0.00 0.00 AUR MAM031AUR SEQ 0.00000% 0.00 0.00 0.00 Totals 211,555,396.09 1,003,896.52 12,826,927.47
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 10,236,538.65 1,403,352.58 0.00 1-AIO 0.00 0.00 13,544.23 0.00 2-A1 0.00 34,023,126.91 3,507,124.82 0.00 2-A2 0.00 45,057,317.33 4,644,535.93 0.00 2-A3 0.00 1,577,006.11 162,558.75 0.00 2-AIO 0.00 0.00 22,409.16 0.00 3-A1 0.00 21,635,016.27 844,163.61 0.00 3-AIO 0.00 0.00 12,612.47 0.00 AR 0.00 0.00 0.00 0.00 B-1 0.00 2,599,363.53 13,976.97 0.00 B-2 0.00 892,971.86 4,801.57 0.00 B-3 0.00 730,884.54 3,930.02 0.00 B-4 0.00 325,169.04 1,748.45 0.00 B-5 0.00 243,628.18 1,310.01 0.00 B-6 0.00 325,179.79 1,748.52 4.04 4-A1 0.00 72,776,961.81 2,841,228.30 0.00 4-M1 0.00 2,999,138.00 6,813.04 0.00 4-M2 0.00 2,537,732.00 7,809.17 0.00 4-B 0.00 1,845,623.00 7,909.52 0.00 4-X 0.00 922,811.62 329,246.87 0.00 ALRA 0.00 0.00 0.00 0.00 AMR 0.00 0.00 0.00 0.00 ALRB 0.00 0.00 0.00 0.00 AUR 0.00 0.00 0.00 0.00 Totals 0.00 198,728,468.64 13,830,823.99 4.04 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-A1 17,554,000.00 11,600,173.45 12,853.68 1,350,781.12 0.00 0.00 1-AIO 0.00 0.00 0.00 0.00 0.00 0.00 2-A1 49,082,000.00 37,386,820.46 44,695.07 3,318,998.48 0.00 0.00 2-A2 65,000,000.00 49,511,905.17 59,190.32 4,395,397.52 0.00 0.00 2-A3 2,275,000.00 1,732,916.68 2,071.66 153,838.91 0.00 0.00 2-AIO 0.00 0.00 0.00 0.00 0.00 0.00 3-A1 24,294,000.00 22,387,750.03 20,120.23 732,613.53 0.00 0.00 AR 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,614,000.00 2,602,330.56 2,967.04 0.00 0.00 0.00 B-2 898,000.00 893,991.14 1,019.28 0.00 0.00 0.00 B-3 735,000.00 731,718.81 834.27 0.00 0.00 0.00 B-4 327,000.00 325,540.20 371.16 0.00 0.00 0.00 B-5 245,000.00 243,906.27 278.09 0.00 0.00 0.00 B-6 327,010.81 325,550.96 371.18 0.00 0.00 0.00 4-A1 83,975,857.00 75,507,487.74 0.00 2,730,525.93 0.00 0.00 4-M1 2,999,138.00 2,999,138.00 0.00 0.00 0.00 0.00 4-M2 2,537,732.00 2,537,732.00 0.00 0.00 0.00 0.00 4-B 1,845,623.00 1,845,623.00 0.00 0.00 0.00 0.00 4-X 922,811.93 922,811.62 0.00 0.00 0.00 0.00 ALRA 0.00 0.00 0.00 0.00 0.00 0.00 AMR 0.00 0.00 0.00 0.00 0.00 0.00 ALRB 0.00 0.00 0.00 0.00 0.00 0.00 AUR 0.00 0.00 0.00 0.00 0.00 0.00 Totals 255,632,272.74 211,555,396.09 144,771.98 12,682,155.49 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-A1 1,363,634.80 10,236,538.65 0.58314564 1,363,634.80 1-AIO 0.00 0.00 0.00000000 0.00 2-A1 3,363,693.55 34,023,126.91 0.69318950 3,363,693.55 2-A2 4,454,587.84 45,057,317.33 0.69318950 4,454,587.84 2-A3 155,910.57 1,577,006.11 0.69318950 155,910.57 2-AIO 0.00 0.00 0.00000000 0.00 3-A1 752,733.76 21,635,016.27 0.89054978 752,733.76 AR 0.00 0.00 0.00000000 0.00 B-1 2,967.04 2,599,363.53 0.99440074 2,967.04 B-2 1,019.28 892,971.86 0.99440073 1,019.28 B-3 834.27 730,884.54 0.99440073 834.27 B-4 371.16 325,169.04 0.99440073 371.16 B-5 278.09 243,628.18 0.99440073 278.09 B-6 371.18 325,179.79 0.99440074 371.18 4-A1 2,730,525.93 72,776,961.81 0.86664149 2,730,525.93 4-M1 0.00 2,999,138.00 1.00000000 0.00 4-M2 0.00 2,537,732.00 1.00000000 0.00 4-B 0.00 1,845,623.00 1.00000000 0.00 4-X 0.00 922,811.62 0.99999966 0.00 ALRA 0.00 0.00 0.00000000 0.00 AMR 0.00 0.00 0.00000000 0.00 ALRB 0.00 0.00 0.00000000 0.00 AUR 0.00 0.00 0.00000000 0.00 Totals 12,826,927.47 198,728,468.64 0.77739976 12,826,927.47
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 17,554,000.00 660.82792811 0.73223653 76.95004671 0.00000000 1-AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 49,082,000.00 761.72161811 0.91062039 67.62150035 0.00000000 2-A2 65,000,000.00 761.72161800 0.91062031 67.62150031 0.00000000 2-A3 2,275,000.00 761.72161758 0.91061978 67.62149890 0.00000000 2-AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 24,294,000.00 921.53412489 0.82819750 30.15615090 0.00000000 3-AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AR 100.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,614,000.00 995.53579189 1.13505738 0.00000000 0.00000000 B-2 898,000.00 995.53579065 1.13505568 0.00000000 0.00000000 B-3 735,000.00 995.53579592 1.13506122 0.00000000 0.00000000 B-4 327,000.00 995.53577982 1.13504587 0.00000000 0.00000000 B-5 245,000.00 995.53579592 1.13506122 0.00000000 0.00000000 B-6 327,010.81 995.53577449 1.13506951 0.00000000 0.00000000 4-A1 83,975,857.00 899.15709631 0.00000000 32.51560660 0.00000000 4-M1 2,999,138.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-M2 2,537,732.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-B 1,845,623.00 1000.00000000 0.00000000 0.00000000 0.00000000 4-X 922,811.93 999.99966407 0.00000000 0.00000000 0.00000000 ALRA 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AMR 0.00 0.00000000 0.00000000 0.00000000 0.00000000 ALRB 0.00 0.00000000 0.00000000 0.00000000 0.00000000 AUR 0.00 0.00000000 0.00000000 0.00000000 0.00000000
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution 1-A1 0.00000000 77.68228324 583.14564487 0.58314564 77.68228324 1-AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 68.53212074 693.18949737 0.69318950 68.53212074 2-A2 0.00000000 68.53212062 693.18949738 0.69318950 68.53212062 2-A3 0.00000000 68.53211868 693.18949890 0.69318950 68.53211868 2-AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 0.00000000 30.98434840 890.54977649 0.89054978 30.98434840 3-AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.13505738 994.40073833 0.99440074 1.13505738 B-2 0.00000000 1.13505568 994.40073497 0.99440073 1.13505568 B-3 0.00000000 1.13506122 994.40073469 0.99440073 1.13506122 B-4 0.00000000 1.13504587 994.40073394 0.99440073 1.13504587 B-5 0.00000000 1.13506122 994.40073469 0.99440073 1.13506122 B-6 0.00000000 1.13506951 994.40073556 0.99440074 1.13506951 4-A1 0.00000000 32.51560660 866.64148971 0.86664149 32.51560660 4-M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 4-X 0.00000000 0.00000000 999.99966407 0.99999966 0.00000000 ALRA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALRB 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AUR 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 1-A1 17,554,000.00 4.15000% 11,600,173.45 40,117.27 0.00 0.00 1-AIO 0.00 1.41520% 11,600,173.45 13,680.47 0.00 0.00 2-A1 49,082,000.00 4.65000% 37,386,820.46 144,873.93 0.00 0.00 2-A2 65,000,000.00 4.65000% 49,511,905.17 191,858.63 0.00 0.00 2-A3 2,275,000.00 4.65000% 1,732,916.68 6,715.05 0.00 0.00 2-AIO 0.00 0.30645% 88,631,642.31 22,634.55 0.00 0.00 3-A1 24,294,000.00 4.95000% 22,387,750.03 92,349.47 0.00 0.00 3-AIO 0.00 0.68284% 22,387,750.03 12,739.31 0.00 0.00 AR 100.00 5.63305% 0.00 0.00 0.00 0.00 B-1 2,614,000.00 5.12802% 2,602,330.56 11,120.67 0.00 0.00 B-2 898,000.00 5.12802% 893,991.14 3,820.34 0.00 0.00 B-3 735,000.00 5.12802% 731,718.81 3,126.89 0.00 0.00 B-4 327,000.00 5.12802% 325,540.20 1,391.15 0.00 0.00 B-5 245,000.00 5.12802% 243,906.27 1,042.30 0.00 0.00 B-6 327,010.81 5.12802% 325,550.96 1,391.19 0.00 0.00 4-A1 83,975,857.00 1.82000% 75,507,487.74 110,702.37 0.00 0.00 4-M1 2,999,138.00 2.82000% 2,999,138.00 6,813.04 0.00 0.00 4-M2 2,537,732.00 3.82000% 2,537,732.00 7,809.17 0.00 0.00 4-B 1,845,623.00 5.32000% 1,845,623.00 7,909.52 0.00 0.00 4-X 922,811.93 0.00000% 922,811.62 0.00 0.00 0.00 ALRA 0.00 0.00000% 0.00 0.00 0.00 0.00 AMR 0.00 0.00000% 0.00 0.00 0.00 0.00 ALRB 0.00 0.00000% 0.00 0.00 0.00 0.00 AUR 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 255,632,272.74 680,095.32 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 1-A1 399.49 0.00 39,717.78 0.00 10,236,538.65 1-AIO 136.23 0.00 13,544.23 0.00 10,236,538.65 2-A1 1,442.66 0.00 143,431.27 0.00 34,023,126.91 2-A2 1,910.54 0.00 189,948.09 0.00 45,057,317.33 2-A3 66.87 0.00 6,648.18 0.00 1,577,006.11 2-AIO 225.40 0.00 22,409.16 0.00 80,657,450.35 3-A1 919.62 0.00 91,429.85 0.00 21,635,016.27 3-AIO 126.86 0.00 12,612.47 0.00 21,635,016.27 AR 0.00 0.00 0.00 0.00 0.00 B-1 110.74 0.00 11,009.93 0.00 2,599,363.53 B-2 38.04 0.00 3,782.29 0.00 892,971.86 B-3 31.14 0.00 3,095.75 0.00 730,884.54 B-4 13.85 0.00 1,377.29 0.00 325,169.04 B-5 10.38 0.00 1,031.92 0.00 243,628.18 B-6 13.85 0.00 1,377.34 0.00 325,179.79 4-A1 0.00 0.00 110,702.37 0.00 72,776,961.81 4-M1 0.00 0.00 6,813.04 0.00 2,999,138.00 4-M2 0.00 0.00 7,809.17 0.00 2,537,732.00 4-B 0.00 0.00 7,909.52 0.00 1,845,623.00 4-X 0.00 0.00 329,246.87 0.00 922,811.62 ALRA 0.00 0.00 0.00 0.00 0.00 AMR 0.00 0.00 0.00 0.00 0.00 ALRB 0.00 0.00 0.00 0.00 0.00 AUR 0.00 0.00 0.00 0.00 0.00 Totals 5,445.67 0.00 1,003,896.52 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-A1 17,554,000.00 4.15000% 660.82792811 2.28536345 0.00000000 0.00000000 1-AIO 0.00 1.41520% 660.82792811 0.77933633 0.00000000 0.00000000 2-A1 49,082,000.00 4.65000% 761.72161811 2.95167128 0.00000000 0.00000000 2-A2 65,000,000.00 4.65000% 761.72161800 2.95167123 0.00000000 0.00000000 2-A3 2,275,000.00 4.65000% 761.72161758 2.95167033 0.00000000 0.00000000 2-AIO 0.00 0.30645% 761.72161804 0.19452676 0.00000000 0.00000000 3-A1 24,294,000.00 4.95000% 921.53412489 3.80132831 0.00000000 0.00000000 3-AIO 0.00 0.68284% 921.53412489 0.52438092 0.00000000 0.00000000 AR 100.00 5.63305% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,614,000.00 5.12802% 995.53579189 4.25427314 0.00000000 0.00000000 B-2 898,000.00 5.12802% 995.53579065 4.25427617 0.00000000 0.00000000 B-3 735,000.00 5.12802% 995.53579592 4.25427211 0.00000000 0.00000000 B-4 327,000.00 5.12802% 995.53577982 4.25428135 0.00000000 0.00000000 B-5 245,000.00 5.12802% 995.53579592 4.25428571 0.00000000 0.00000000 B-6 327,010.81 5.12802% 995.53577449 4.25426303 0.00000000 0.00000000 4-A1 83,975,857.00 1.82000% 899.15709631 1.31826425 0.00000000 0.00000000 4-M1 2,999,138.00 2.82000% 1000.00000000 2.27166606 0.00000000 0.00000000 4-M2 2,537,732.00 3.82000% 1000.00000000 3.07722407 0.00000000 0.00000000 4-B 1,845,623.00 5.32000% 1000.00000000 4.28555561 0.00000000 0.00000000 4-X 922,811.93 0.00000% 999.99966407 0.00000000 0.00000000 0.00000000 ALRA 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AMR 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 ALRB 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 AUR 0.00 0.00000% 0.00000000 0.00000000 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-A1 0.02275778 0.00000000 2.26260567 0.00000000 583.14564487 1-AIO 0.00776062 0.00000000 0.77157514 0.00000000 583.14564487 2-A1 0.02939285 0.00000000 2.92227843 0.00000000 693.18949737 2-A2 0.02939292 0.00000000 2.92227831 0.00000000 693.18949738 2-A3 0.02939341 0.00000000 2.92227692 0.00000000 693.18949890 2-AIO 0.00193714 0.00000000 0.19258970 0.00000000 693.18949741 3-A1 0.03785379 0.00000000 3.76347452 0.00000000 890.54977649 3-AIO 0.00522187 0.00000000 0.51915987 0.00000000 890.54977649 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.04236419 0.00000000 4.21190895 0.00000000 994.40073833 B-2 0.04236080 0.00000000 4.21190423 0.00000000 994.40073497 B-3 0.04236735 0.00000000 4.21190476 0.00000000 994.40073469 B-4 0.04235474 0.00000000 4.21189602 0.00000000 994.40073394 B-5 0.04236735 0.00000000 4.21191837 0.00000000 994.40073469 B-6 0.04235334 0.00000000 4.21190969 0.00000000 994.40073556 4-A1 0.00000000 0.00000000 1.31826425 0.00000000 866.64148971 4-M1 0.00000000 0.00000000 2.27166606 0.00000000 1000.00000000 4-M2 0.00000000 0.00000000 3.07722407 0.00000000 1000.00000000 4-B 0.00000000 0.00000000 4.28555561 0.00000000 1000.00000000 4-X 0.00000000 0.00000000 356.78653396 0.00000000 999.99966407 ALRA 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AMR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 ALRB 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 AUR 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 13,871,649.98 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 75,046.54 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,946,696.52 Withdrawals Reimbursement for Servicer Advances 51,863.97 Payment of Service Fee 64,008.56 Payment of Interest and Principal 13,830,823.99 Total Withdrawals (Pool Distribution Amount) 13,946,696.52 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 5,445.67 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 5,445.67
SERVICING FEES Gross Servicing Fee 61,770.70 LPMI 2,237.86 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 64,008.56
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 0.00 0.00 0.00 0.00
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 0 1 0 1 0.00 250,260.00 0.00 250,260.00 30 Days 37 0 0 0 37 9,109,223.50 0.00 0.00 0.00 9,109,223.50 60 Days 6 0 0 0 6 1,812,741.19 0.00 0.00 0.00 1,812,741.19 90 Days 2 0 1 0 3 325,819.04 0.00 114,406.15 0.00 440,225.19 120 Days 1 0 0 0 1 212,645.24 0.00 0.00 0.00 212,645.24 150 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 46 0 2 0 48 11,460,428.97 0.00 364,666.15 0.00 11,825,095.12 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% 0.170068% 0.000000% 0.170068% 0.000000% 0.125825% 0.000000% 0.125825% 30 Days 6.292517% 0.000000% 0.000000% 0.000000% 6.292517% 4.579910% 0.000000% 0.000000% 0.000000% 4.579910% 60 Days 1.020408% 0.000000% 0.000000% 0.000000% 1.020408% 0.911405% 0.000000% 0.000000% 0.000000% 0.911405% 90 Days 0.340136% 0.000000% 0.170068% 0.000000% 0.510204% 0.163814% 0.000000% 0.057521% 0.000000% 0.221335% 120 Days 0.170068% 0.000000% 0.000000% 0.000000% 0.170068% 0.106913% 0.000000% 0.000000% 0.000000% 0.106913% 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 7.823129% 0.000000% 0.340136% 0.000000% 8.163265% 5.762042% 0.000000% 0.183346% 0.000000% 5.945388%
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 2 0 0 0 2 1,012,546.23 0.00 0.00 0.00 1,012,546.23 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 2 0 0 0 2 1,012,546.23 0.00 0.00 0.00 1,012,546.23 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 9.090909% 0.000000% 0.000000% 0.000000% 9.090909% 9.361590% 0.000000% 0.000000% 0.000000% 9.361590% 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 9.090909% 0.000000% 0.000000% 0.000000% 9.090909% 9.361590% 0.000000% 0.000000% 0.000000% 9.361590% 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 1 0 0 0 1 353,477.42 0.00 0.00 0.00 353,477.42 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 1 353,477.42 0.00 0.00 0.00 353,477.42 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 0.515464% 0.000000% 0.000000% 0.000000% 0.515464% 0.418278% 0.000000% 0.000000% 0.000000% 0.418278% 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 0.515464% 0.000000% 0.000000% 0.000000% 0.515464% 0.418278% 0.000000% 0.000000% 0.000000% 0.418278% 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 1 0 0 0 1 499,177.95 0.00 0.00 0.00 499,177.95 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 1 499,177.95 0.00 0.00 0.00 499,177.95 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.040816% 0.000000% 0.000000% 0.000000% 2.040816% 2.224763% 0.000000% 0.000000% 0.000000% 2.224763% 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 2.040816% 0.000000% 0.000000% 0.000000% 2.040816% 2.224763% 0.000000% 0.000000% 0.000000% 2.224763% 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 1 0 1 0.00 250,260.00 0.00 250,260.00 30 Days 34 0 0 0 34 7,597,499.32 0.00 0.00 0.00 7,597,499.32 60 Days 5 0 0 0 5 1,459,263.77 0.00 0.00 0.00 1,459,263.77 90 Days 2 0 1 0 3 325,819.04 0.00 114,406.15 0.00 440,225.19 120 Days 1 0 0 0 1 212,645.24 0.00 0.00 0.00 212,645.24 150 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 42 0 2 0 44 9,595,227.37 0.00 364,666.15 0.00 9,959,893.52 0-29 Days 0.000000% 0.309598% 0.000000% 0.309598% 0.000000% 0.308452% 0.000000% 0.308452% 30 Days 10.526316% 0.000000% 0.000000% 0.000000% 10.526316% 9.364125% 0.000000% 0.000000% 0.000000% 9.364125% 60 Days 1.547988% 0.000000% 0.000000% 0.000000% 1.547988% 1.798582% 0.000000% 0.000000% 0.000000% 1.798582% 90 Days 0.619195% 0.000000% 0.309598% 0.000000% 0.928793% 0.401581% 0.000000% 0.141009% 0.000000% 0.542590% 120 Days 0.309598% 0.000000% 0.000000% 0.000000% 0.309598% 0.262091% 0.000000% 0.000000% 0.000000% 0.262091% 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 13.003096% 0.000000% 0.619195% 0.000000% 13.622291% 11.826380% 0.000000% 0.449461% 0.000000% 12.275841%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 75,046.54
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.05867804% 150,000.00 0.07547988% Fraud 3,267,022.00 1.27801626% 3,267,022.00 1.64396275% Special Hazard 3,661,499.00 1.43233050% 3,661,499.00 1.84246325% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.088339% Weighted Average Pass-Through Rate 5.725265% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 622 Number Of Loans Paid In Full 34 Ending Scheduled Collateral Loan Count 588 Beginning Scheduled Collateral Balance 211,555,396.10 Ending Scheduled Collateral Balance 198,728,468.64 Ending Actual Collateral Balance at 31-May-2003 198,895,254.72 Monthly P &I Constant 1,268,998.33 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,407,703.17 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 198,728,468.64 Scheduled Principal 195,647.59 Unscheduled Principal 12,631,279.87 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 922,811.62 Overcollateralized Amount 922,811.62 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00
Miscellaneous Reporting Group 1 Senior Percentage 95.326801% Group 2 Senior Percentage 95.923416% Group 3 Senior Percentage 96.601281% Group 1 Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 3 Senior Prepayment Percentage 100.000000% Group 1 Junior Percentage 4.673199% Group 2 Junior Percentage 4.076584% Group 3 Junior Percentage 3.398719%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.940199 5.339543 5.891320 Weighted Average Net Rate 5.565199 4.956861 5.641320 Pass-Through Rate 5.565199 4.956453 5.632836 Weighted Average Maturity 343 351 352 Beginning Loan Count 25 212 51 Loans Paid In Full 3 18 2 Ending Loan Count 22 194 49 Beginning Scheduled Balance 12,168,847.99 92,398,338.46 23,175,417.29 Ending scheduled Balance 10,804,583.07 84,419,643.50 22,421,975.64 Record Date 05/31/2003 05/31/2003 05/31/2003 Principal And Interest Constant 73,721.62 521,597.50 134,606.28 Scheduled Principal 13,483.80 110,460.05 20,828.12 Unscheduled Principal 1,350,781.12 7,868,234.91 732,613.53 Scheduled Interest 60,237.82 411,137.45 113,778.16 Servicing Fees 3,802.77 29,466.01 4,828.20 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 0.00 31.41 163.84 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 56,435.05 381,640.03 108,786.12 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
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.989825 6.088339 Weighted Average Net Rate 6.650874 5.737958 Pass-Through Rate 6.621628 5.725265 Weighted Average Maturity 351 351 Beginning Loan Count 334 622 Loans Paid In Full 11 34 Ending Loan Count 323 588 Beginning Scheduled Balance 83,812,792.36 211,555,396.10 Ending scheduled Balance 81,082,266.43 198,728,468.64 Record Date 05/31/2003 05/31/2003 Principal And Interest Constant 539,072.93 1,268,998.33 Scheduled Principal 50,875.62 195,647.59 Unscheduled Principal 2,679,650.31 12,631,279.87 Scheduled Interest 488,197.31 1,073,350.74 Servicing Fees 23,673.72 61,770.70 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 2,042.61 2,237.86 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 462,480.98 1,009,342.18 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
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