-----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, OvXBfarYm6a78yFy+PLT2GQ9GPfavbyTYbRItGhu+H5ONvKIWw9bOSfAzDqA/1sY qQQxX5mJzYXtpgdNXOPgLw== 0001056404-03-001880.txt : 20031010 0001056404-03-001880.hdr.sgml : 20031010 20031010100506 ACCESSION NUMBER: 0001056404-03-001880 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: OPTION ONE MORT ACCEPTANCE CORP ASSET BACK CERT SER 2003 2 CENTRAL INDEX KEY: 0001223021 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: 333-101483-01 FILM NUMBER: 03936229 BUSINESS ADDRESS: STREET 1: 3 ADA ROAD CITY: IRVINE STATE: CA ZIP: 92618 8-K 1 opt03002.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 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101483-01 54-2102406 Pooling and Servicing Agreement) (Commission 54-2102407 (State or other File Number) 54-2102408 jurisdiction IRS EIN 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 OPTION ONE MORTGAGE ACCEPTANCE CORPORATION, Asset-Backed Certificates, Series 2003-2 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 Asset-Backed Certificates, Series 2003-2 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. OPTION ONE MORTGAGE ACCEPTANCE CORPORATION Asset-Backed Certificates, Series 2003-2 Trust By: Wells Fargo Bank of 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 Asset- Backed Certificates, Series 2003-2 Trust, relating to the September 25, 2003 distribution. EX-99.1
Option One Mortgage Loan Trust Asset-Backed Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 OOMC Series: 2003-2 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 68389FDF8 SEN 1.42000% 955,317,346.16 1,168,140.82 21,159,087.73 A-2 68389FDG6 SEN 1.41000% 349,970,052.64 424,921.97 9,269,423.02 A-3 68389FDH4 SEN 1.61000% 30,570,155.08 42,382.12 677,090.81 M-1 68389FDJ0 MEZ 1.76000% 76,000,000.00 115,182.22 0.00 M-2 68389FDK7 MEZ 2.81000% 60,000,000.00 145,183.33 0.00 M-3 68389FDL5 MEZ 3.86000% 24,000,000.00 79,773.33 0.00 M-4 68389FDM3 MEZ 6.06000% 20,000,000.00 101,000.00 0.00 M-5 68389FDN1 MEZ 6.25000% 5,600,000.00 29,166.67 0.00 C OPT03002C OC 0.00000% 10,400,000.00 6,627,706.91 0.00 R-1 OPT0302R1 RES 0.00000% 0.00 0.00 0.00 R-2 OPT0302R2 RES 0.00000% 0.00 0.00 0.00 R-3 OPT0302R3 RES 0.00000% 0.00 0.00 0.00 P OPT03002P Pre_pay 0.00000% 100.00 621,822.10 0.00 Totals 1,531,857,653.88 9,355,279.47 31,105,601.56
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 934,158,258.43 22,327,228.55 0.00 A-2 0.00 340,700,629.62 9,694,344.99 0.00 A-3 0.00 29,893,064.27 719,472.93 0.00 M-1 0.00 76,000,000.00 115,182.22 0.00 M-2 0.00 60,000,000.00 145,183.33 0.00 M-3 0.00 24,000,000.00 79,773.33 0.00 M-4 0.00 20,000,000.00 101,000.00 0.00 M-5 0.00 5,600,000.00 29,166.67 0.00 C 0.00 10,400,000.00 6,627,706.91 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 P 0.00 100.00 621,822.10 0.00 Totals 0.00 1,500,752,052.32 40,460,881.03 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 1,000,000,000.00 955,317,346.16 0.00 21,159,087.73 0.00 0.00 A-2 372,000,000.00 349,970,052.64 0.00 9,269,423.02 0.00 0.00 A-3 32,000,000.00 30,570,155.08 0.00 677,090.81 0.00 0.00 M-1 76,000,000.00 76,000,000.00 0.00 0.00 0.00 0.00 M-2 60,000,000.00 60,000,000.00 0.00 0.00 0.00 0.00 M-3 24,000,000.00 24,000,000.00 0.00 0.00 0.00 0.00 M-4 20,000,000.00 20,000,000.00 0.00 0.00 0.00 0.00 M-5 5,600,000.00 5,600,000.00 0.00 0.00 0.00 0.00 C 10,399,900.00 10,400,000.00 0.00 0.00 0.00 0.00 R-1 0.00 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 0.00 R-3 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 1,600,000,000.00 1,531,857,653.88 0.00 31,105,601.56 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 21,159,087.73 934,158,258.43 0.93415826 21,159,087.73 A-2 9,269,423.02 340,700,629.62 0.91586191 9,269,423.02 A-3 677,090.81 29,893,064.27 0.93415826 677,090.81 M-1 0.00 76,000,000.00 1.00000000 0.00 M-2 0.00 60,000,000.00 1.00000000 0.00 M-3 0.00 24,000,000.00 1.00000000 0.00 M-4 0.00 20,000,000.00 1.00000000 0.00 M-5 0.00 5,600,000.00 1.00000000 0.00 C 0.00 10,400,000.00 1.00000962 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 P 0.00 100.00 1.00000000 0.00 Totals 31,105,601.56 1,500,752,052.32 0.93797003 31,105,601.56
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 1,000,000,000.00 955.31734616 0.00000000 21.15908773 0.00000000 A-2 372,000,000.00 940.77971140 0.00000000 24.91780382 0.00000000 A-3 32,000,000.00 955.31734625 0.00000000 21.15908781 0.00000000 M-1 76,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 60,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 24,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 20,000,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 5,600,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 C 10,399,900.00 1000.00961548 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 $1,000 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 21.15908773 934.15825843 0.93415826 21.15908773 A-2 0.00000000 24.91780382 915.86190758 0.91586191 24.91780382 A-3 0.00000000 21.15908781 934.15825844 0.93415826 21.15908781 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 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 C 0.00000000 0.00000000 1,000.00961548 1.00000962 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 1,000,000,000.00 1.42000% 955,317,346.16 1,168,140.82 0.00 0.00 A-2 372,000,000.00 1.41000% 349,970,052.64 424,921.97 0.00 0.00 A-3 32,000,000.00 1.61000% 30,570,155.08 42,382.12 0.00 0.00 M-1 76,000,000.00 1.76000% 76,000,000.00 115,182.22 0.00 0.00 M-2 60,000,000.00 2.81000% 60,000,000.00 145,183.33 0.00 0.00 M-3 24,000,000.00 3.86000% 24,000,000.00 79,773.33 0.00 0.00 M-4 20,000,000.00 6.06000% 20,000,000.00 101,000.00 0.00 0.00 M-5 5,600,000.00 6.25000% 5,600,000.00 29,166.67 0.00 0.00 C 10,399,900.00 0.00000% 10,400,000.00 0.00 0.00 0.00 R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 R-3 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 1,600,000,000.00 2,105,750.46 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 1,168,140.82 0.00 934,158,258.43 A-2 0.00 0.00 424,921.97 0.00 340,700,629.62 A-3 0.00 0.00 42,382.12 0.00 29,893,064.27 M-1 0.00 0.00 115,182.22 0.00 76,000,000.00 M-2 0.00 0.00 145,183.33 0.00 60,000,000.00 M-3 0.00 0.00 79,773.33 0.00 24,000,000.00 M-4 0.00 0.00 101,000.00 0.00 20,000,000.00 M-5 0.00 0.00 29,166.67 0.00 5,600,000.00 C 0.00 0.00 6,627,706.91 0.00 10,400,000.00 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 P 0.00 0.00 621,822.10 0.00 100.00 Totals 0.00 0.00 9,355,279.47 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 1,000,000,000.00 1.42000% 955.31734616 1.16814082 0.00000000 0.00000000 A-2 372,000,000.00 1.41000% 940.77971140 1.14226336 0.00000000 0.00000000 A-3 32,000,000.00 1.61000% 955.31734625 1.32444125 0.00000000 0.00000000 M-1 76,000,000.00 1.76000% 1000.00000000 1.51555553 0.00000000 0.00000000 M-2 60,000,000.00 2.81000% 1000.00000000 2.41972217 0.00000000 0.00000000 M-3 24,000,000.00 3.86000% 1000.00000000 3.32388875 0.00000000 0.00000000 M-4 20,000,000.00 6.06000% 1000.00000000 5.05000000 0.00000000 0.00000000 M-5 5,600,000.00 6.25000% 1000.00000000 5.20833393 0.00000000 0.00000000 C 10,399,900.00 0.00000% 1000.00961548 0.00000000 0.00000000 0.00000000 R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 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 $1,000 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 1.16814082 0.00000000 934.15825843 A-2 0.00000000 0.00000000 1.14226336 0.00000000 915.86190758 A-3 0.00000000 0.00000000 1.32444125 0.00000000 934.15825844 M-1 0.00000000 0.00000000 1.51555553 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.41972217 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 3.32388875 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 5.05000000 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 5.20833393 0.00000000 1000.00000000 C 0.00000000 0.00000000 637.28563832 0.00000000 1000.00961548 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P 0.00000000 0.00000000 6218221.00000000 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 41,224,631.90 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) 0.00 Prepayment Penalties 621,822.10 Total Deposits 41,846,454.00 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 1,385,572.97 Payment of Interest and Principal 40,460,881.03 Total Withdrawals (Pool Distribution Amount) 41,846,454.00 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 382,965.02 Radian PMI Policy Fee 998,777.67 Wells Fargo 3,830.28 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 1,385,572.97
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00
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 17 1 0 18 2,477,436.37 162,936.42 0.00 2,640,372.79 30 Days 145 4 0 0 149 22,889,542.74 628,608.86 0.00 0.00 23,518,151.60 60 Days 26 0 28 0 54 4,867,431.66 0.00 4,664,438.90 0.00 9,531,870.56 90 Days 12 7 71 2 92 1,684,859.49 1,051,090.21 10,790,629.22 623,750.00 14,150,328.92 120 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 183 28 100 2 313 29,441,833.89 4,157,135.44 15,618,004.54 623,750.00 49,840,723.87 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 0.169796% 0.009988% 0.000000% 0.179784% 0.165032% 0.010854% 0.000000% 0.175886% 30 Days 1.448262% 0.039952% 0.000000% 0.000000% 1.488214% 1.524763% 0.041874% 0.000000% 0.000000% 1.566637% 60 Days 0.259688% 0.000000% 0.279664% 0.000000% 0.539353% 0.324239% 0.000000% 0.310717% 0.000000% 0.634956% 90 Days 0.119856% 0.069916% 0.709149% 0.019976% 0.918897% 0.112235% 0.070017% 0.718807% 0.041550% 0.942610% 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 1.827807% 0.279664% 0.998801% 0.019976% 3.126249% 1.961237% 0.276923% 1.040377% 0.041550% 3.320089%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 659,747.83 Class A-2 228,000,000.00 14.25000000% 225,893,164.27 15.05199769% 22.701993% 0.000000% Class A-3 196,000,000.00 12.25000000% 196,000,100.00 13.06012540% 1.991872% 0.000000% Class M-1 120,000,000.00 7.50000000% 120,000,100.00 7.99599773% 5.064128% 0.000000% Class M-2 60,000,000.00 3.75000000% 60,000,100.00 3.99800220% 3.997996% 0.000000% Class M-3 36,000,000.00 2.25000000% 36,000,100.00 2.39880398% 1.599198% 0.000000% Class M-4 16,000,000.00 1.00000000% 16,000,100.00 1.06613881% 1.332665% 0.000000% Class R-I 10,400,000.00 0.65000000% 10,400,100.00 0.69299256% 0.000000% 0.000000% Class R-II 10,400,000.00 0.65000000% 10,400,100.00 0.69299256% 0.000000% 0.000000% Class R-III 10,400,000.00 0.65000000% 10,400,100.00 0.69299256% 0.000000% 0.000000% Class C 100.00 0.00000625% 100.00 0.00000666% 0.692986% 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 7.926870% Weighted Average Net Coupon 7.626869% Weighted Average Pass-Through Rate 6.841464% Weighted Average Maturity(Stepdown Calculation ) 349 Beginning Scheduled Collateral Loan Count 10,191 Number Of Loans Paid In Full 179 Ending Scheduled Collateral Loan Count 10,012 Beginning Scheduled Collateral Balance 1,531,857,653.87 Ending Scheduled Collateral Balance 1,500,752,052.31 Ending Actual Collateral Balance at 31-Aug-2003 1,501,186,591.61 Monthly P &I Constant 11,305,654.02 Special Servicing Fee 0.00 Prepayment Penalties 621,822.10 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 1,500,752,052.31 Scheduled Principal 1,186,623.70 Unscheduled Principal 29,918,977.86
Trigger Event Not Triggered In Effect Since N/A Comments N/A Stepdown Date Don't Step Down In Effect Since N/A Comments N/A Unscheduled Principlal-Voluntary 29,918,977.86 Unscheduled Principlal-Involuntary 0.00 Credit Enhancement Percentage 13.0601120750 Other Income 0.00
Miscellaneous Reporting General Excess Available Amt 6,627,706.91 Extra Principal Distribution Amt 0.00 Overcollateralization Amt 10,400,000.00 Excess Overcollateralized Amt 0.00 Overcollateralization Deficit Amt 0.00 Overcollateralization Increase Amt 0.00 Overcollateralization Release Amt 0.00 Specified Overcollateralization Amt 10,400,000.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.716686 8.048290 7.745903 Weighted Average Net Rate 7.416685 7.748290 7.445903 Weighted Average Maturity 349 349 349 Beginning Loan Count 2,494 5,586 602 Loans Paid In Full 31 106 10 Ending Loan Count 2,463 5,480 592 Beginning Scheduled Balance 328,922,229.88 801,033,726.65 100,318,029.18 Ending scheduled Balance 324,525,683.46 783,594,094.53 98,428,631.17 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 2,431,396.59 5,933,495.81 740,939.32 Scheduled Principal 316,238.75 561,036.02 93,394.57 Unscheduled Principal 4,080,307.67 16,878,596.10 1,796,003.44 Scheduled Interest 2,115,157.84 5,372,459.79 647,544.75 Servicing Fees 82,230.78 200,258.72 25,079.46 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 822.43 2,002.79 250.78 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 240,136.12 499,193.25 69,506.78 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 2,032,927.06 5,172,201.07 622,465.29 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 6.537601 6.997466 6.611466
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.893801 7.926870 Weighted Average Net Rate 7.593801 7.626869 Weighted Average Maturity 349 349 Beginning Loan Count 1,509 10,191 Loans Paid In Full 32 179 Ending Loan Count 1,477 10,012 Beginning Scheduled Balance 301,583,668.16 1,531,857,653.87 Ending scheduled Balance 294,203,643.15 1,500,752,052.31 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 2,199,822.30 11,305,654.02 Scheduled Principal 215,954.36 1,186,623.70 Unscheduled Principal 7,164,070.65 29,918,977.86 Scheduled Interest 1,983,867.94 10,119,030.32 Servicing Fees 75,396.06 382,965.02 Master Servicing Fees 0.00 0.00 Trustee Fee 754.28 3,830.28 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 189,941.52 998,777.67 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 1,908,471.88 9,736,065.30 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 6.835023 6.841464
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