-----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, VqwqKwFKeARwIvFHTFMuFJIIxt0GHE/hNxuktJkfrutV685xfrLb/s2Gj2tnkq+x ogSiDSQsR5YDuHfgwLs1jQ== 0001056404-03-000944.txt : 20030604 0001056404-03-000944.hdr.sgml : 20030604 20030604151556 ACCESSION NUMBER: 0001056404-03-000944 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 SECURITIZATION TRANSACTIONS INC SER 2003-OPT1 CENTRAL INDEX KEY: 0001220823 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: 333-75724-15 FILM NUMBER: 03732436 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 MAIL ADDRESS: STREET 1: 1285 AVENUE OF AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mab03op1.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 ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2003-OP1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-75724-15 54-2102389 Pooling and Servicing Agreement) (Commission 54-2102390 (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 ASSET BACKED SECURITIES TRUST, Mortgage Pass-Through Certificates, Series 2003-OP1 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-OP1 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 ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2003-OP1 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee 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-OP1 Trust, relating to the May 27, 2003 distribution.
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 4/30/03 Distribution Date: 5/27/03 MABS Series: 2003-OP1 Contact: Customer Service - CTSLink Wells Fargo Bank Minnesota, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 57643LAQ9 SEN 2.32000% 915,460,217.48 1,887,882.40 14,019,315.96 A-2 57643LAJ5 SEN 1.74000% 340,961,525.49 527,353.83 4,929,168.38 M-1 57643LAK2 MEZ 2.17000% 58,600,000.00 113,032.89 0.00 M-2 57643LAL0 MEZ 3.17000% 51,275,000.00 144,481.55 0.00 M-3 57643LAM8 MEZ 4.07000% 21,975,000.00 79,500.66 0.00 M-4 57643LAN6 MEZ 5.22000% 18,313,000.00 84,972.32 0.00 MV-5 57643LAP1 MEZ 4.82000% 4,650,000.00 19,922.67 0.00 MF-5 57643LAR7 MEZ 6.00000% 10,000,000.00 50,000.00 0.00 CE MAB03OP1C OC 0.00000% 10,980,010.85 5,215,872.23 0.00 R-I MAB03OPR1 RES 0.00000% 0.00 0.00 0.00 R-II MAB03OPR2 RES 0.00000% 0.00 0.00 0.00 P MAB03OPTP Pre_Pa 0.00000% 100.00 410,576.26 0.00 Totals 1,432,214,853.82 8,533,594.81 18,948,484.34
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 901,440,901.52 15,907,198.36 0.00 A-2 0.00 336,032,357.11 5,456,522.21 0.00 M-1 0.00 58,600,000.00 113,032.89 0.00 M-2 0.00 51,275,000.00 144,481.55 0.00 M-3 0.00 21,975,000.00 79,500.66 0.00 M-4 0.00 18,313,000.00 84,972.32 0.00 MV-5 0.00 4,650,000.00 19,922.67 0.00 MF-5 0.00 10,000,000.00 50,000.00 0.00 CE 0.00 10,980,010.85 5,215,872.23 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 P 0.00 100.00 410,576.26 0.00 Totals 0.00 1,413,266,369.48 27,482,079.15 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.
Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) A-1 939,100,000.00 915,460,217.48 0.00 14,019,315.96 0.00 0.00 A-2 349,107,000.00 340,961,525.49 0.00 4,929,168.38 0.00 0.00 M-1 58,600,000.00 58,600,000.00 0.00 0.00 0.00 0.00 M-2 51,275,000.00 51,275,000.00 0.00 0.00 0.00 0.00 M-3 21,975,000.00 21,975,000.00 0.00 0.00 0.00 0.00 M-4 18,313,000.00 18,313,000.00 0.00 0.00 0.00 0.00 MV-5 4,650,000.00 4,650,000.00 0.00 0.00 0.00 0.00 MF-5 10,000,000.00 10,000,000.00 0.00 0.00 0.00 0.00 CE 10,981,347.20 10,980,010.85 0.00 0.00 0.00 0.00 R-I 0.00 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 1,464,001,447.20 1,432,214,853.82 0.00 18,948,484.34 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution A-1 14,019,315.96 901,440,901.52 0.95989873 14,019,315.96 A-2 4,929,168.38 336,032,357.11 0.96254832 4,929,168.38 M-1 0.00 58,600,000.00 1.00000000 0.00 M-2 0.00 51,275,000.00 1.00000000 0.00 M-3 0.00 21,975,000.00 1.00000000 0.00 M-4 0.00 18,313,000.00 1.00000000 0.00 MV-5 0.00 4,650,000.00 1.00000000 0.00 MF-5 0.00 10,000,000.00 1.00000000 0.00 CE 0.00 10,980,010.85 0.99987831 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 18,948,484.34 1,413,266,369.48 0.96534493 18,948,484.34
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 939,100,000.00 974.82719357 0.00000000 14.92845912 0.00000000 A-2 349,107,000.00 976.66768495 0.00000000 14.11936277 0.00000000 M-1 58,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 51,275,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 21,975,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 18,313,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 MV-5 4,650,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 MF-5 10,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 10,981,347.20 999.87830728 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 14.92845912 959.89873445 0.95989873 14.92845912 A-2 0.00000000 14.11936277 962.54832218 0.96254832 14.11936277 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 MV-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 MF-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.87830728 0.99987831 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 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 A-1 939,100,000.00 2.32000% 915,460,217.48 1,887,882.40 0.00 0.00 A-2 349,107,000.00 1.74000% 340,961,525.49 527,353.83 0.00 0.00 M-1 58,600,000.00 2.17000% 58,600,000.00 113,032.89 0.00 0.00 M-2 51,275,000.00 3.17000% 51,275,000.00 144,481.56 0.00 0.00 M-3 21,975,000.00 4.07000% 21,975,000.00 79,500.67 0.00 0.00 M-4 18,313,000.00 5.22000% 18,313,000.00 84,972.32 0.00 0.00 MV-5 4,650,000.00 4.82000% 4,650,000.00 19,922.67 0.00 0.00 MF-5 10,000,000.00 6.00000% 10,000,000.00 50,000.00 0.00 0.00 CE 10,981,347.20 0.00000% 10,980,010.85 0.00 0.00 0.00 R-I 0.00 0.00000% 0.00 0.00 0.00 0.00 R-II 0.00 0.00000% 0.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 1,464,001,447.20 2,907,146.34 0.00 0.00
Interest Distribution Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) Distribution Shortfall Balance A-1 0.00 0.00 1,887,882.40 0.00 901,440,901.52 A-2 0.00 0.00 527,353.83 0.00 336,032,357.11 M-1 0.00 0.00 113,032.89 0.00 58,600,000.00 M-2 0.00 0.00 144,481.55 0.00 51,275,000.00 M-3 0.00 0.00 79,500.66 0.00 21,975,000.00 M-4 0.00 0.00 84,972.32 0.00 18,313,000.00 MV-5 0.00 0.00 19,922.67 0.00 4,650,000.00 MF-5 0.00 0.00 50,000.00 0.00 10,000,000.00 CE 0.00 0.00 5,215,872.23 0.00 10,980,010.85 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 410,576.26 0.00 100.00 Totals 0.00 0.00 8,533,594.81 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall A-1 939,100,000.00 2.32000% 974.82719357 2.01031030 0.00000000 0.00000000 A-2 349,107,000.00 1.74000% 976.66768495 1.51057936 0.00000000 0.00000000 M-1 58,600,000.00 2.17000% 1000.00000000 1.92888891 0.00000000 0.00000000 M-2 51,275,000.00 3.17000% 1000.00000000 2.81777786 0.00000000 0.00000000 M-3 21,975,000.00 4.07000% 1000.00000000 3.61777793 0.00000000 0.00000000 M-4 18,313,000.00 5.22000% 1000.00000000 4.64000000 0.00000000 0.00000000 MV-5 4,650,000.00 4.82000% 1000.00000000 4.28444516 0.00000000 0.00000000 MF-5 10,000,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 CE 10,981,347.20 0.00000% 999.87830728 0.00000000 0.00000000 0.00000000 R-I 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance A-1 0.00000000 0.00000000 2.01031030 0.00000000 959.89873445 A-2 0.00000000 0.00000000 1.51057936 0.00000000 962.54832218 M-1 0.00000000 0.00000000 1.92888891 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.81777767 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.61777747 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.64000000 0.00000000 1000.00000000 MV-5 0.00000000 0.00000000 4.28444516 0.00000000 1000.00000000 MF-5 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 474.97562321 0.00000000 999.87830728 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 4105762.60000000 0.00000000 1000.00000000 (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 28,604,007.85 Liquidations, Insurance Proceeds, Reserve Funds 1.24 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Losses 0.00 Prepayment Penalties 410,576.26 Total Deposits 29,014,585.35 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,532,506.20 Payment of Interest and Principal 27,482,079.15 Total Withdrawals (Pool Distribution Amount) 29,014,585.35 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 596,756.29 Radian 932,167.43 Trustee Fee - Wells Fargo 3,582.48 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,532,506.20
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.01 0.00 0.00 1,000.00 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 9 0 0 9 949,365.55 0.00 0.00 949,365.55 30 Days 113 2 2 0 117 16,133,658.33 165,208.10 255,688.09 0.00 16,554,554.52 60 Days 18 0 35 0 53 3,551,476.35 0.00 4,315,829.20 0.00 7,867,305.55 90 Days 2 3 41 0 46 235,734.63 411,893.77 6,771,661.57 0.00 7,419,289.97 120 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 133 14 78 0 225 19,920,869.31 1,526,467.42 11,343,178.86 0.00 32,790,515.59 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 0.094073% 0.000000% 0.000000% 0.094073% 0.067160% 0.000000% 0.000000% 0.067160% 30 Days 1.181144% 0.020905% 0.020905% 0.000000% 1.222954% 1.141326% 0.011687% 0.018088% 0.000000% 1.171101% 60 Days 0.188147% 0.000000% 0.365841% 0.000000% 0.553988% 0.251238% 0.000000% 0.305310% 0.000000% 0.556549% 90 Days 0.020905% 0.031358% 0.428556% 0.000000% 0.480819% 0.016676% 0.029138% 0.479041% 0.000000% 0.524855% 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 1.390195% 0.146336% 0.815303% 0.000000% 2.351834% 1.409241% 0.107985% 0.802439% 0.000000% 2.319665%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 481,552.84 Class A-1 524,901,347.20 35.85388172% 511,825,367.96 36.21577496% 63.784218% 0.000000% Class A-2 175,794,347.20 12.00779873% 175,793,010.85 12.43877408% 23.777001% 0.000000% Class M-1 117,194,347.20 8.00507045% 117,193,010.85 8.29235121% 4.146423% 0.000000% Class M-2 65,919,347.20 4.50268320% 65,918,010.85 4.66423119% 3.628120% 0.000000% Class M-3 43,944,347.20 3.00166009% 43,943,010.85 3.10932262% 1.554909% 0.000000% Class M-4 25,631,347.20 1.75077335% 25,630,010.85 1.81353009% 1.295793% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 0.776924% 0.000000% Class R-I 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class R-II 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 8.090213% Weighted Average Net Coupon 7.590213% Weighted Average Pass-Through Rate 6.806183% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 9,669 Number Of Loans Paid In Full 102 Ending Scheduled Collateral Loan Count 9,567 Beginning Scheduled Collateral Balance 1,432,214,853.83 Ending Scheduled Collateral Balance 1,413,266,369.49 Ending Actual Collateral Balance at 30-Apr-2003 1,413,588,372.95 Monthly P &I Constant 10,740,861.12 Special Servicing Fee 0.00 Prepayment Penalties 410,576.26 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,413,266,369.49 Scheduled Principal 1,085,091.73 Unscheduled Principal 17,863,392.61
Other Income (247.96)
Miscellaneous Reporting Net Monthly Excess Cashflow 5,215,872.21 Extra Prinicpal Distribution Amount 0.00 OC Amount 10,980,010.85 OC Deficiency Amount 0.00 OC Release Amount 0.00 OC Target Amount 10,980,010.85 Stepdown NO Trigger Event NO Credit Enhancement Percentage 12.438774%
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.693757 8.276021 7.631666 Weighted Average Net Rate 7.193758 7.776021 7.131665 Weighted Average Maturity 351 351 342 Beginning Loan Count 828 6,720 1,465 Loans Paid In Full 8 74 11 Ending Loan Count 820 6,646 1,454 Beginning Scheduled Balance 105,113,054.08 939,256,771.34 206,070,259.79 Ending scheduled Balance 103,839,321.82 926,511,187.64 204,296,625.81 Record Date 04/30/2003 04/30/2003 04/30/2003 Principal And Interest Constant 782,657.30 7,110,814.55 1,521,498.49 Scheduled Principal 108,728.74 633,057.44 210,949.07 Unscheduled Principal 1,165,003.52 12,112,526.26 1,562,684.91 Scheduled Interest 673,928.56 6,477,757.11 1,310,549.42 Servicing Fees 43,796.98 391,357.11 85,862.73 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 262.96 2,349.41 515.47 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 79,646.48 578,055.69 155,159.52 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 550,222.14 5,505,994.90 1,069,011.70 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 6.281490 7.034492 6.225129
Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.879208 8.090213 Weighted Average Net Rate 7.379208 7.590213 Weighted Average Maturity 342 351 Beginning Loan Count 656 9,669 Loans Paid In Full 9 102 Ending Loan Count 647 9,567 Beginning Scheduled Balance 181,774,768.62 1,432,214,853.83 Ending scheduled Balance 178,619,234.22 1,413,266,369.49 Record Date 04/30/2003 04/30/2003 Principal And Interest Constant 1,325,890.78 10,740,861.12 Scheduled Principal 132,356.48 1,085,091.73 Unscheduled Principal 3,023,177.92 17,863,392.61 Scheduled Interest 1,193,534.30 9,655,769.39 Servicing Fees 75,739.47 596,756.29 Master Servicing Fees 0.00 0.00 Trustee Fee 454.64 3,582.48 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 119,305.74 932,167.43 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 998,034.45 8,123,263.19 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 6.588601 6.806183
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