-----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, PSJCoz4Ur01DSxMvGNsFlPKwFTXDuQSHTxBPLrfnLVUxrqcBL20RgAN5LXT8zgx3 1drfa2DCuxIdrLEx74ZVJQ== 0001056404-03-001804.txt : 20031006 0001056404-03-001804.hdr.sgml : 20031006 20031006114930 ACCESSION NUMBER: 0001056404-03-001804 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: 20031006 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: 03929214 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 SEPTEMBER 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): September 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 06-1682967 Pooling and Servicing Agreement) (Commission 06-1682975 (State or other File Number) 54-2120454 jurisdiction 54-2120455 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 September 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 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. 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: 9/30/03 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
Mortgage Asset Securitization Transactions, Inc Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 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% 8,198,700.20 27,684.92 1,605,631.26 1-AIO 576433CJ3 IO 1.45728% 0.00 9,721.63 0.00 2-A1 576433DA1 SEN 4.65000% 26,785,082.84 101,343.53 3,256,071.81 2-A2 576433DC7 SEN 4.65000% 35,471,871.24 134,210.70 4,312,062.83 2-A3 576433DD5 SEN 4.65000% 1,241,515.49 4,697.37 150,922.20 2-AIO 576433CK0 IO 0.28071% 0.00 14,503.28 0.00 3-A1 576433CL8 SEN 4.95000% 15,098,021.49 60,810.05 3,264,945.20 3-AIO 576433CM6 IO 0.62633% 0.00 7,694.34 0.00 AR 576433CN4 SEN 5.58497% 0.00 0.00 0.00 B-1 576433CQ7 SUB 5.10516% 2,593,373.43 10,772.69 3,005.82 B-2 576433CR5 SUB 5.10516% 890,914.06 3,700.79 1,032.60 B-3 576433CS3 SUB 5.10516% 729,200.26 3,029.05 845.17 B-4 576433CW4 SUB 5.10516% 324,419.71 1,347.62 376.02 B-5 576433CX2 SUB 5.10516% 243,066.75 1,009.68 281.72 B-6 576433CY0 SUB 5.10516% 324,430.43 1,347.66 376.02 4-A1 576433CT1 SEN 1.61000% 62,390,606.95 86,497.64 5,368,120.94 4-M1 576433CU8 SUB 2.61000% 2,999,138.00 6,740.56 0.00 4-M2 576433DB9 SUB 3.61000% 2,537,732.00 7,888.82 0.00 4-B 576433CV6 SUB 5.11000% 1,845,623.00 8,121.25 0.00 4-X 576433CZ7 SUB 0.00000% 922,811.62 275,216.97 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 162,596,507.47 766,338.55 17,963,671.59
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 6,593,068.94 1,633,316.18 0.00 1-AIO 0.00 0.00 9,721.63 0.00 2-A1 0.00 23,529,011.03 3,357,415.34 0.00 2-A2 0.00 31,159,808.42 4,446,273.53 0.00 2-A3 0.00 1,090,593.29 155,619.57 0.00 2-AIO 0.00 0.00 14,503.28 0.00 3-A1 0.00 11,833,076.30 3,325,755.25 0.00 3-AIO 0.00 0.00 7,694.34 0.00 AR 0.00 0.00 0.00 0.00 B-1 0.00 2,590,367.61 13,778.51 0.00 B-2 0.00 889,881.45 4,733.39 0.00 B-3 0.00 728,355.08 3,874.22 0.00 B-4 0.00 324,043.69 1,723.64 0.00 B-5 0.00 242,785.03 1,291.40 0.00 B-6 0.00 324,054.40 1,723.68 4.04 4-A1 0.00 57,022,486.01 5,454,618.58 0.00 4-M1 0.00 2,999,138.00 6,740.56 0.00 4-M2 0.00 2,537,732.00 7,888.82 0.00 4-B 0.00 1,845,623.00 8,121.25 0.00 4-X 0.00 922,811.62 275,216.97 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 0.00 144,632,835.87 18,730,010.14 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 8,198,700.20 9,088.22 1,596,543.04 0.00 0.00 1-AIO 0.00 0.00 0.00 0.00 0.00 0.00 2-A1 49,082,000.00 26,785,082.84 32,806.92 3,223,264.89 0.00 0.00 2-A2 65,000,000.00 35,471,871.24 43,446.67 4,268,616.15 0.00 0.00 2-A3 2,275,000.00 1,241,515.49 1,520.63 149,401.57 0.00 0.00 2-AIO 0.00 0.00 0.00 0.00 0.00 0.00 3-A1 24,294,000.00 15,098,021.49 13,304.77 3,251,640.43 0.00 0.00 AR 100.00 0.00 0.00 0.00 0.00 0.00 B-1 2,614,000.00 2,593,373.43 3,005.82 0.00 0.00 0.00 B-2 898,000.00 890,914.06 1,032.60 0.00 0.00 0.00 B-3 735,000.00 729,200.26 845.17 0.00 0.00 0.00 B-4 327,000.00 324,419.71 376.02 0.00 0.00 0.00 B-5 245,000.00 243,066.75 281.72 0.00 0.00 0.00 B-6 327,010.81 324,430.43 376.02 0.00 0.00 0.00 4-A1 83,975,857.00 62,390,606.95 0.00 5,368,120.94 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 255,632,272.74 162,596,507.47 106,084.56 17,857,587.02 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 1,605,631.26 6,593,068.94 0.37558784 1,605,631.26 1-AIO 0.00 0.00 0.00000000 0.00 2-A1 3,256,071.81 23,529,011.03 0.47938167 3,256,071.81 2-A2 4,312,062.83 31,159,808.42 0.47938167 4,312,062.83 2-A3 150,922.20 1,090,593.29 0.47938167 150,922.20 2-AIO 0.00 0.00 0.00000000 0.00 3-A1 3,264,945.20 11,833,076.30 0.48707814 3,264,945.20 AR 0.00 0.00 0.00000000 0.00 B-1 3,005.82 2,590,367.61 0.99095930 3,005.82 B-2 1,032.60 889,881.45 0.99095930 1,032.60 B-3 845.17 728,355.08 0.99095929 845.17 B-4 376.02 324,043.69 0.99095930 376.02 B-5 281.72 242,785.03 0.99095931 281.72 B-6 376.02 324,054.40 0.99095929 376.02 4-A1 5,368,120.94 57,022,486.01 0.67903428 5,368,120.94 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 17,963,671.59 144,632,835.87 0.56578473 17,963,671.59
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 17,554,000.00 467.05595306 0.51772929 90.95038396 0.00000000 1-AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 49,082,000.00 545.72109612 0.66841042 65.67101768 0.00000000 2-A2 65,000,000.00 545.72109600 0.66841031 65.67101769 0.00000000 2-A3 2,275,000.00 545.72109451 0.66840879 65.67101978 0.00000000 2-AIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 24,294,000.00 621.47120647 0.54765662 133.84541162 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 2,614,000.00 992.10919281 1.14989288 0.00000000 0.00000000 B-2 898,000.00 992.10919822 1.14988864 0.00000000 0.00000000 B-3 735,000.00 992.10919728 1.14989116 0.00000000 0.00000000 B-4 327,000.00 992.10920489 1.14990826 0.00000000 0.00000000 B-5 245,000.00 992.10918367 1.14987755 0.00000000 0.00000000 B-6 327,010.81 992.10919052 1.14987024 0.00000000 0.00000000 4-A1 83,975,857.00 742.95885959 0.00000000 63.92457465 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 91.46811325 375.58783981 0.37558784 91.46811325 1-AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 66.33942810 479.38166802 0.47938167 66.33942810 2-A2 0.00000000 66.33942815 479.38166800 0.47938167 66.33942815 2-A3 0.00000000 66.33942857 479.38166593 0.47938167 66.33942857 2-AIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3-A1 0.00000000 134.39306825 487.07813864 0.48707814 134.39306825 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 1.14989288 990.95929992 0.99095930 1.14989288 B-2 0.00000000 1.14988864 990.95929844 0.99095930 1.14988864 B-3 0.00000000 1.14989116 990.95929252 0.99095929 1.14989116 B-4 0.00000000 1.14990826 990.95929664 0.99095930 1.14990826 B-5 0.00000000 1.14987755 990.95930612 0.99095931 1.14987755 B-6 0.00000000 1.14987024 990.95928969 0.99095929 1.14987024 4-A1 0.00000000 63.92457465 679.03428494 0.67903428 63.92457465 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% 8,198,700.20 28,353.84 0.00 0.00 1-AIO 0.00 1.45728% 8,198,700.20 9,956.51 0.00 0.00 2-A1 49,082,000.00 4.65000% 26,785,082.84 103,792.20 0.00 0.00 2-A2 65,000,000.00 4.65000% 35,471,871.24 137,453.50 0.00 0.00 2-A3 2,275,000.00 4.65000% 1,241,515.49 4,810.87 0.00 0.00 2-AIO 0.00 0.28071% 63,498,469.57 14,853.76 0.00 0.00 3-A1 24,294,000.00 4.95000% 15,098,021.49 62,279.34 0.00 0.00 3-AIO 0.00 0.62633% 15,098,021.49 7,880.23 0.00 0.00 AR 100.00 5.58497% 0.00 0.00 0.00 0.00 B-1 2,614,000.00 5.10516% 2,593,373.43 11,032.98 0.00 0.00 B-2 898,000.00 5.10516% 890,914.06 3,790.21 0.00 0.00 B-3 735,000.00 5.10516% 729,200.26 3,102.23 0.00 0.00 B-4 327,000.00 5.10516% 324,419.71 1,380.18 0.00 0.00 B-5 245,000.00 5.10516% 243,066.75 1,034.08 0.00 0.00 B-6 327,010.81 5.10516% 324,430.43 1,380.22 0.00 0.00 4-A1 83,975,857.00 1.61000% 62,390,606.95 86,497.64 0.00 0.00 4-M1 2,999,138.00 2.61000% 2,999,138.00 6,740.56 0.00 0.00 4-M2 2,537,732.00 3.61000% 2,537,732.00 7,888.82 0.00 0.00 4-B 1,845,623.00 5.11000% 1,845,623.00 8,121.25 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 255,632,272.74 500,348.42 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 668.92 0.00 27,684.92 0.00 6,593,068.94 1-AIO 234.89 0.00 9,721.63 0.00 6,593,068.94 2-A1 2,448.66 0.00 101,343.53 0.00 23,529,011.03 2-A2 3,242.80 0.00 134,210.70 0.00 31,159,808.42 2-A3 113.50 0.00 4,697.37 0.00 1,090,593.29 2-AIO 350.43 0.00 14,503.28 0.00 55,779,412.74 3-A1 1,469.29 0.00 60,810.05 0.00 11,833,076.30 3-AIO 185.91 0.00 7,694.34 0.00 11,833,076.30 AR 0.00 0.00 0.00 0.00 0.00 B-1 260.29 0.00 10,772.69 0.00 2,590,367.61 B-2 89.42 0.00 3,700.79 0.00 889,881.45 B-3 73.19 0.00 3,029.05 0.00 728,355.08 B-4 32.56 0.00 1,347.62 0.00 324,043.69 B-5 24.40 0.00 1,009.68 0.00 242,785.03 B-6 32.56 0.00 1,347.66 0.00 324,054.40 4-A1 0.00 0.00 86,497.64 0.00 57,022,486.01 4-M1 0.00 0.00 6,740.56 0.00 2,999,138.00 4-M2 0.00 0.00 7,888.82 0.00 2,537,732.00 4-B 0.00 0.00 8,121.25 0.00 1,845,623.00 4-X 0.00 0.00 275,216.97 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 9,226.82 0.00 766,338.55 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% 467.05595306 1.61523527 0.00000000 0.00000000 1-AIO 0.00 1.45728% 467.05595306 0.56719323 0.00000000 0.00000000 2-A1 49,082,000.00 4.65000% 545.72109612 2.11466933 0.00000000 0.00000000 2-A2 65,000,000.00 4.65000% 545.72109600 2.11466923 0.00000000 0.00000000 2-A3 2,275,000.00 4.65000% 545.72109451 2.11466813 0.00000000 0.00000000 2-AIO 0.00 0.28071% 545.72109602 0.12765678 0.00000000 0.00000000 3-A1 24,294,000.00 4.95000% 621.47120647 2.56356878 0.00000000 0.00000000 3-AIO 0.00 0.62633% 621.47120647 0.32436939 0.00000000 0.00000000 AR 100.00 5.58497% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 2,614,000.00 5.10516% 992.10919281 4.22072686 0.00000000 0.00000000 B-2 898,000.00 5.10516% 992.10919822 4.22072383 0.00000000 0.00000000 B-3 735,000.00 5.10516% 992.10919728 4.22072109 0.00000000 0.00000000 B-4 327,000.00 5.10516% 992.10920489 4.22073394 0.00000000 0.00000000 B-5 245,000.00 5.10516% 992.10918367 4.22073469 0.00000000 0.00000000 B-6 327,010.81 5.10516% 992.10919052 4.22071674 0.00000000 0.00000000 4-A1 83,975,857.00 1.61000% 742.95885959 1.03002986 0.00000000 0.00000000 4-M1 2,999,138.00 2.61000% 1000.00000000 2.24749911 0.00000000 0.00000000 4-M2 2,537,732.00 3.61000% 1000.00000000 3.10861037 0.00000000 0.00000000 4-B 1,845,623.00 5.11000% 1000.00000000 4.40027568 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 0.03810641 0.00000000 1.57712886 0.00000000 375.58783981 1-AIO 0.01338100 0.00000000 0.55381281 0.00000000 375.58783981 2-A1 0.04988917 0.00000000 2.06477996 0.00000000 479.38166802 2-A2 0.04988923 0.00000000 2.06478000 0.00000000 479.38166800 2-A3 0.04989011 0.00000000 2.06477802 0.00000000 479.38166593 2-AIO 0.00301168 0.00000000 0.12464467 0.00000000 479.38166797 3-A1 0.06047954 0.00000000 2.50308924 0.00000000 487.07813864 3-AIO 0.00765251 0.00000000 0.31671771 0.00000000 487.07813864 AR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.09957536 0.00000000 4.12115149 0.00000000 990.95929992 B-2 0.09957684 0.00000000 4.12114699 0.00000000 990.95929844 B-3 0.09957823 0.00000000 4.12115646 0.00000000 990.95929252 B-4 0.09957187 0.00000000 4.12116208 0.00000000 990.95929664 B-5 0.09959184 0.00000000 4.12114286 0.00000000 990.95930612 B-6 0.09956857 0.00000000 4.12114817 0.00000000 990.95928969 4-A1 0.00000000 0.00000000 1.03002986 0.00000000 679.03428494 4-M1 0.00000000 0.00000000 2.24749911 0.00000000 1000.00000000 4-M2 0.00000000 0.00000000 3.10861037 0.00000000 1000.00000000 4-B 0.00000000 0.00000000 4.40027568 0.00000000 1000.00000000 4-X 0.00000000 0.00000000 298.23733423 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 18,698,060.36 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 81,680.50 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,779,740.86 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 49,730.72 Payment of Interest and Principal 18,730,010.14 Total Withdrawals (Pool Distribution Amount) 18,779,740.86 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 9,226.82 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 9,226.82
SERVICING FEES Gross Servicing Fee 47,731.52 LPMI 1,999.20 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 49,730.72
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 2 0 0 2 161,620.49 0.00 0.00 161,620.49 30 Days 32 0 0 0 32 8,042,565.35 0.00 0.00 0.00 8,042,565.35 60 Days 9 0 0 0 9 1,747,339.07 0.00 0.00 0.00 1,747,339.07 90 Days 7 0 0 0 7 2,145,854.97 0.00 0.00 0.00 2,145,854.97 120 Days 3 0 0 0 3 1,077,206.14 0.00 0.00 0.00 1,077,206.14 150 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 51 2 0 0 53 13,012,965.53 161,620.49 0.00 0.00 13,174,586.02 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 0.443459% 0.000000% 0.000000% 0.443459% 0.111644% 0.000000% 0.000000% 0.111644% 30 Days 7.095344% 0.000000% 0.000000% 0.000000% 7.095344% 5.555620% 0.000000% 0.000000% 0.000000% 5.555620% 60 Days 1.995565% 0.000000% 0.000000% 0.000000% 1.995565% 1.207022% 0.000000% 0.000000% 0.000000% 1.207022% 90 Days 1.552106% 0.000000% 0.000000% 0.000000% 1.552106% 1.482308% 0.000000% 0.000000% 0.000000% 1.482308% 120 Days 0.665188% 0.000000% 0.000000% 0.000000% 0.665188% 0.744109% 0.000000% 0.000000% 0.000000% 0.744109% 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 11.308204% 0.443459% 0.000000% 0.000000% 11.751663% 8.989059% 0.111644% 0.000000% 0.000000% 9.100703%
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 1 0 0 0 1 375,752.62 0.00 0.00 0.00 375,752.62 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 1 375,752.62 0.00 0.00 0.00 375,752.62 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 6.666667% 0.000000% 0.000000% 0.000000% 6.666667% 5.243073% 0.000000% 0.000000% 0.000000% 5.243073% 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 6.666667% 0.000000% 0.000000% 0.000000% 6.666667% 5.243073% 0.000000% 0.000000% 0.000000% 5.243073% 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 1 0 0 0 1 493,353.66 0.00 0.00 0.00 493,353.66 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 1 493,353.66 0.00 0.00 0.00 493,353.66 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.724638% 0.000000% 0.000000% 0.000000% 0.724638% 0.827895% 0.000000% 0.000000% 0.000000% 0.827895% 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 0.724638% 0.000000% 0.000000% 0.000000% 0.724638% 0.827895% 0.000000% 0.000000% 0.000000% 0.827895% 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 2 0 0 2 161,620.49 0.00 0.00 161,620.49 30 Days 30 0 0 0 30 7,173,459.07 0.00 0.00 0.00 7,173,459.07 60 Days 9 0 0 0 9 1,747,339.07 0.00 0.00 0.00 1,747,339.07 90 Days 7 0 0 0 7 2,145,854.97 0.00 0.00 0.00 2,145,854.97 120 Days 3 0 0 0 3 1,077,206.14 0.00 0.00 0.00 1,077,206.14 150 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 49 2 0 0 51 12,143,859.25 161,620.49 0.00 0.00 12,305,479.74 0-29 Days 0.743494% 0.000000% 0.000000% 0.743494% 0.247200% 0.000000% 0.000000% 0.247200% 30 Days 11.152416% 0.000000% 0.000000% 0.000000% 11.152416% 10.971857% 0.000000% 0.000000% 0.000000% 10.971857% 60 Days 3.345725% 0.000000% 0.000000% 0.000000% 3.345725% 2.672568% 0.000000% 0.000000% 0.000000% 2.672568% 90 Days 2.602230% 0.000000% 0.000000% 0.000000% 2.602230% 3.282100% 0.000000% 0.000000% 0.000000% 3.282100% 120 Days 1.115242% 0.000000% 0.000000% 0.000000% 1.115242% 1.647594% 0.000000% 0.000000% 0.000000% 1.647594% 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 18.215613% 0.743494% 0.000000% 0.000000% 18.959108% 18.574119% 0.247200% 0.000000% 0.000000% 18.821319%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 81,680.50
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 150,000.00 0.05867804% 150,000.00 0.10371089% Fraud 3,267,022.00 1.27801626% 3,267,022.00 2.25883838% Special Hazard 3,661,499.00 1.43233050% 3,661,499.00 2.53158211% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 6.096311% Weighted Average Pass-Through Rate 5.729287% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 495 Number Of Loans Paid In Full 44 Ending Scheduled Collateral Loan Count 451 Beginning Scheduled Collateral Balance 162,596,507.47 Ending Scheduled Collateral Balance 144,632,835.87 Ending Actual Collateral Balance at 31-Aug-2003 144,764,492.25 Monthly P &I Constant 976,034.12 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 18,380,941.62 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 144,632,835.87 Scheduled Principal 150,001.75 Unscheduled Principal 17,813,669.85 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 93.533908% Group 2 Senior Percentage 94.419333% Group 3 Senior Percentage 95.054413% 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 6.466092% Group 2 Junior Percentage 5.580667% Group 3 Junior Percentage 4.945587%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.982282 5.318329 5.838670 Weighted Average Net Rate 5.607282 4.931267 5.588669 Weighted Average Maturity 340 348 349 Beginning Loan Count 18 155 35 Loans Paid In Full 3 17 6 Ending Loan Count 15 138 29 Beginning Scheduled Balance 8,765,484.54 67,251,554.68 15,883,556.68 Ending scheduled Balance 7,159,225.00 59,527,900.99 12,617,919.25 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 53,414.50 380,426.00 91,279.37 Scheduled Principal 9,716.50 82,371.08 13,997.00 Unscheduled Principal 1,596,543.04 7,641,282.61 3,251,640.43 Scheduled Interest 43,698.00 298,054.92 77,282.37 Servicing Fees 2,739.21 21,692.13 3,309.09 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 31.32 163.39 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 40,958.79 276,331.47 73,809.89 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 5.607282 4.930708 5.576326
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 6.908412 6.096311 Weighted Average Net Rate 6.569081 5.744041 Weighted Average Maturity 348 348 Beginning Loan Count 287 495 Loans Paid In Full 18 44 Ending Loan Count 269 451 Beginning Scheduled Balance 70,695,911.57 162,596,507.47 Ending scheduled Balance 65,327,790.63 144,632,835.87 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 450,914.25 976,034.12 Scheduled Principal 43,917.17 150,001.75 Unscheduled Principal 5,324,203.77 17,813,669.85 Scheduled Interest 406,997.08 826,032.37 Servicing Fees 19,991.09 47,731.52 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 1,804.49 1,999.20 Pool Insurance Fee 0.00 0.00 Spread Fee 1 0.00 0.00 Spread Fee 2 0.00 0.00 Spread Fee 3 0.00 0.00 Net Interest 385,201.50 776,301.65 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 6.538452 5.729287
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