-----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, QO6y0I85ln8wlV6YFmYZJ7rHZIjEXPLHpUypiaBS4UpZWjmmBMrpM4PjE/jvBHMA YOacMNyjaPXd9kAcvOpvfA== 0001056404-03-001889.txt : 20031010 0001056404-03-001889.hdr.sgml : 20031010 20031010100513 ACCESSION NUMBER: 0001056404-03-001889 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: 20031010 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: 03936237 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 SEPTEMBER 8K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): September 25, 2003 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 September 25, 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 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 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: 10/6/03 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 September 25, 2003 distribution. EX-99.1
MASTR Asset Backed Securitizations Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 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 2.11000% 830,375,022.85 1,508,745.28 32,817,150.60 A-2 57643LAJ5 SEN 1.53000% 312,714,140.68 412,000.88 9,835,325.10 M-1 57643LAK2 MEZ 1.96000% 58,600,000.00 98,903.78 0.00 M-2 57643LAL0 MEZ 2.96000% 51,275,000.00 130,694.28 0.00 M-3 57643LAM8 MEZ 3.86000% 21,975,000.00 73,042.46 0.00 M-4 57643LAN6 MEZ 5.01000% 18,313,000.00 79,005.33 0.00 MV-5 57643LAP1 MEZ 4.61000% 4,650,000.00 18,459.21 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 5,051,282.94 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_Pay 0.00000% 100.00 847,776.79 0.00 Totals 1,318,882,274.38 8,269,910.95 42,652,475.70
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 797,557,872.25 34,325,895.88 0.00 A-2 0.00 302,878,815.58 10,247,325.98 0.00 M-1 0.00 58,600,000.00 98,903.78 0.00 M-2 0.00 51,275,000.00 130,694.28 0.00 M-3 0.00 21,975,000.00 73,042.46 0.00 M-4 0.00 18,313,000.00 79,005.33 0.00 MV-5 0.00 4,650,000.00 18,459.21 0.00 MF-5 0.00 10,000,000.00 50,000.00 0.00 CE 0.00 10,980,010.85 5,051,282.94 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 P 0.00 100.00 847,776.79 0.00 Totals 0.00 1,276,229,798.68 50,922,386.65 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-1 939,100,000.00 830,375,022.85 0.00 32,817,150.60 0.00 0.00 A-2 349,107,000.00 312,714,140.68 0.00 9,835,325.10 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 1,318,882,274.38 0.00 42,652,475.70 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 32,817,150.60 797,557,872.25 0.84927896 32,817,150.60 A-2 9,835,325.10 302,878,815.58 0.86758162 9,835,325.10 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 42,652,475.70 1,276,229,798.68 0.87174080 42,652,475.70
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 939,100,000.00 884.22428160 0.00000000 34.94532063 0.00000000 A-2 349,107,000.00 895.75442681 0.00000000 28.17280977 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 34.94532063 849.27896097 0.84927896 34.94532063 A-2 0.00000000 28.17280977 867.58161704 0.86758162 28.17280977 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 2.11000% 830,375,022.85 1,508,745.28 0.00 0.00 A-2 349,107,000.00 1.53000% 312,714,140.68 412,000.88 0.00 0.00 M-1 58,600,000.00 1.96000% 58,600,000.00 98,903.78 0.00 0.00 M-2 51,275,000.00 2.96000% 51,275,000.00 130,694.28 0.00 0.00 M-3 21,975,000.00 3.86000% 21,975,000.00 73,042.46 0.00 0.00 M-4 18,313,000.00 5.01000% 18,313,000.00 79,005.33 0.00 0.00 MV-5 4,650,000.00 4.61000% 4,650,000.00 18,459.21 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 2,370,851.22 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 1,508,745.28 0.00 797,557,872.25 A-2 0.00 0.00 412,000.88 0.00 302,878,815.58 M-1 0.00 0.00 98,903.78 0.00 58,600,000.00 M-2 0.00 0.00 130,694.28 0.00 51,275,000.00 M-3 0.00 0.00 73,042.46 0.00 21,975,000.00 M-4 0.00 0.00 79,005.33 0.00 18,313,000.00 MV-5 0.00 0.00 18,459.21 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 5,051,282.94 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 0.00 847,776.79 0.00 100.00 Totals 0.00 0.00 8,269,910.95 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 2.11000% 884.22428160 1.60658639 0.00000000 0.00000000 A-2 349,107,000.00 1.53000% 895.75442681 1.18015646 0.00000000 0.00000000 M-1 58,600,000.00 1.96000% 1000.00000000 1.68777782 0.00000000 0.00000000 M-2 51,275,000.00 2.96000% 1000.00000000 2.54888893 0.00000000 0.00000000 M-3 21,975,000.00 3.86000% 1000.00000000 3.32388896 0.00000000 0.00000000 M-4 18,313,000.00 5.01000% 1000.00000000 4.31416644 0.00000000 0.00000000 MV-5 4,650,000.00 4.61000% 1000.00000000 3.96972258 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 1.60658639 0.00000000 849.27896097 A-2 0.00000000 0.00000000 1.18015646 0.00000000 867.58161704 M-1 0.00000000 0.00000000 1.68777782 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.54888893 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.32388896 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 4.31416644 0.00000000 1000.00000000 MV-5 0.00000000 0.00000000 3.96972258 0.00000000 1000.00000000 MF-5 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 CE 0.00000000 0.00000000 459.98754506 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 8477767.90000000 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 51,528,544.20 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) (35,601.49) Prepayment Penalties 847,776.79 Total Deposits 52,340,719.50 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,418,332.85 Payment of Interest and Principal 50,922,386.65 Total Withdrawals (Pool Distribution Amount) 52,340,719.50 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 549,534.83 Radian 865,499.51 Trustee Fee - Wells Fargo 3,298.51 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,418,332.85
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.01 0.01 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 38 3 0 41 4,550,540.90 521,062.21 0.00 5,071,603.11 30 Days 140 1 5 0 146 19,305,862.42 65,231.96 919,709.70 0.00 20,290,804.08 60 Days 24 2 36 0 62 2,856,961.37 144,489.39 4,673,712.51 0.00 7,675,163.27 90 Days 13 34 154 5 206 1,782,410.11 4,203,330.04 23,190,717.25 323,375.94 29,499,833.34 120 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 177 75 198 5 455 23,945,233.90 8,963,592.29 29,305,201.67 323,375.94 62,537,403.80 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 0.433839% 0.034250% 0.000000% 0.468090% 0.356428% 0.040813% 0.000000% 0.397241% 30 Days 1.598356% 0.011417% 0.057084% 0.000000% 1.666857% 1.512162% 0.005109% 0.072038% 0.000000% 1.589309% 60 Days 0.274004% 0.022834% 0.411006% 0.000000% 0.707843% 0.223776% 0.011317% 0.366076% 0.000000% 0.601169% 90 Days 0.148419% 0.388172% 1.758192% 0.057084% 2.351867% 0.139610% 0.329232% 1.816449% 0.025329% 2.310621% 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 2.020779% 0.856262% 2.260532% 0.057084% 5.194657% 1.875548% 0.702087% 2.295376% 0.025329% 4.898340%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 752,365.30 Class A-1 524,901,347.20 35.85388172% 478,671,826.43 37.50671132% 62.493281% 0.000000% Class A-2 175,794,347.20 12.00779873% 175,793,010.85 13.77440105% 23.732310% 0.000000% Class M-1 117,194,347.20 8.00507045% 117,193,010.85 9.18275149% 4.591650% 0.000000% Class M-2 65,919,347.20 4.50268320% 65,918,010.85 5.16505812% 4.017693% 0.000000% Class M-3 43,944,347.20 3.00166009% 43,943,010.85 3.44318953% 1.721869% 0.000000% Class M-4 25,631,347.20 1.75077335% 25,630,010.85 2.00825987% 1.434930% 0.000000% Class CE 0.00 0.00000000% 0.00 0.00000000% 0.860347% 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 8.075736% Weighted Average Net Coupon 7.575736% Weighted Average Pass-Through Rate 6.785250% Weighted Average Maturity(Stepdown Calculation ) 347 Beginning Scheduled Collateral Loan Count 9,003 Number Of Loans Paid In Full 244 Ending Scheduled Collateral Loan Count 8,759 Beginning Scheduled Collateral Balance 1,318,882,274.38 Ending Scheduled Collateral Balance 1,276,229,798.68 Ending Actual Collateral Balance at 31-Aug-2003 1,276,706,079.69 Monthly P &I Constant 9,890,403.28 Special Servicing Fee 0.00 Prepayment Penalties 847,776.79 Realized Loss Amount 35,601.49 Cumulative Realized Loss 92,690.45 Ending Scheduled Balance for Premium Loans 1,276,229,798.68 Scheduled Principal 1,014,615.70 Unscheduled Principal 41,637,860.00
Other Income 279.22
Miscellaneous Reporting Net Monthly Excess Cashflow 5,086,884.43 Extra Prinicpal Distribution Amount 35,601.49 OC Amount 10,980,010.85 OC Deficiency Amount 35,601.49 OC Release Amount 0.00 OC Target Amount 10,980,010.85 Stepdown NO Trigger Event NO Credit Enhancement Percentage 13.774401%
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 7.664521 8.263659 7.623106 Weighted Average Net Rate 7.164521 7.763659 7.123106 Weighted Average Maturity 347 347 338 Beginning Loan Count 761 6,248 1,390 Loans Paid In Full 18 178 31 Ending Loan Count 743 6,070 1,359 Beginning Scheduled Balance 95,788,514.63 863,494,146.37 194,444,712.34 Ending scheduled Balance 93,356,316.60 833,100,984.38 189,515,563.56 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 712,436.51 6,535,601.28 1,437,006.36 Scheduled Principal 100,625.57 589,250.00 201,779.15 Unscheduled Principal 2,331,572.46 29,803,911.99 4,727,369.63 Scheduled Interest 611,810.94 5,946,351.28 1,235,227.21 Servicing Fees 39,911.93 359,789.65 81,018.66 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 239.61 2,159.87 486.23 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 73,000.39 536,330.89 146,799.91 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 571,899.01 5,586,561.63 1,154,208.55 Realized Loss Amount 0.00 35,601.49 0.00 Cumulative Realized Loss 0.00 80,653.28 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 6.247000 7.015317 6.214141
Group Level Collateral Statement Group Group 4 Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.864603 8.075736 Weighted Average Net Rate 7.364603 7.575736 Weighted Average Maturity 338 347 Beginning Loan Count 604 9,003 Loans Paid In Full 17 244 Ending Loan Count 587 8,759 Beginning Scheduled Balance 165,154,901.04 1,318,882,274.38 Ending scheduled Balance 160,256,934.14 1,276,229,798.68 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 1,205,359.13 9,890,403.28 Scheduled Principal 122,960.98 1,014,615.70 Unscheduled Principal 4,775,005.92 41,637,860.00 Scheduled Interest 1,082,398.15 8,875,787.58 Servicing Fees 68,814.59 549,534.83 Master Servicing Fees 0.00 0.00 Trustee Fee 412.80 3,298.51 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 109,368.32 865,499.51 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 1,013,583.56 8,326,252.75 Realized Loss Amount 0.00 35,601.49 Cumulative Realized Loss 12,037.17 92,690.45 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.566944 6.785250
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