-----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, NIteZ8g/dpvErE+QkuTflIxEnFT5PWRVW6qgbzevLSd6NSi3DLSB/AD4idQkDg20 5jVO2mV0TBWDjHjYkAqw6A== 0001056404-03-001130.txt : 20030708 0001056404-03-001130.hdr.sgml : 20030708 20030708100752 ACCESSION NUMBER: 0001056404-03-001130 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030625 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORTGAGE ASSET SEC TR MSTR ALT LN TR MT PS THR CT SR 2003-3 CENTRAL INDEX KEY: 0001229480 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: 333-101254-05 FILM NUMBER: 03777877 BUSINESS ADDRESS: STREET 1: 1285 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 8-K 1 mal03003.txt JUNE 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 25, 2003 MASTR ALTERNATIVE LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-101254-05 Pending Pooling and Servicing Agreement) (Commission (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 June 25, 2003 a distribution was made to holders of MASTR ALTERNATIVE LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-3 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 2003-3 Trust, relating to the June 25, 2003 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MASTR ALTERNATIVE LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-3 Trust By: Wells Fargo Bank Minnesota, N.A., as Master Servicer By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 6/25/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the June 25, 2003 distribution.
MASTR Alternative Loan Trust Mortgage Pass-Through Certificates Record Date: 5/31/03 Distribution Date: 6/25/03 MAL Series: 2003-3 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 576434DT8 SEN 6.50000% 74,860,468.00 405,409.21 2,476,035.21 A-R 576434EB6 RES 6.00000% 0.00 0.00 0.00 2-A1 576434DV3 SEN 8.50000% 64,883,533.76 459,495.36 1,017,552.55 2-A2 576434DW1 SEN 4.50000% 108,139,222.93 405,437.09 1,695,920.92 2-A3 576434DX9 SEN 6.00000% 134,611,547.99 672,916.66 12,314,458.43 2-A4 576434DY7 SEN 6.00000% 920,116.20 4,599.62 920,116.20 2-A5 576434DZ4 SEN 6.00000% 10,690,000.00 53,438.80 0.00 2-PO 576434EA8 PO 0.00000% 1,806,996.24 0.00 60,272.42 A-X 576434DU5 IO 6.00000% 0.00 246,572.85 0.00 B1 576434EC4 SUB 6.09350% 13,107,457.93 66,544.61 11,612.30 B2 576434ED2 SUB 6.09350% 6,553,229.40 33,269.77 5,805.71 B3 576434EE0 SUB 6.09350% 4,369,152.64 22,181.54 3,870.77 B4 576434EF7 SUB 6.09350% 2,402,884.09 12,199.08 2,128.79 B5 576434EG5 SUB 6.09350% 1,966,268.56 9,982.45 1,741.98 B6 576434EH3 SUB 6.09350% 2,185,413.58 11,095.02 1,936.12 Totals 426,496,291.32 2,403,142.06 18,511,451.40
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 72,384,432.79 2,881,444.42 0.00 A-R 0.00 0.00 0.00 0.00 2-A1 0.00 63,865,981.21 1,477,047.91 0.00 2-A2 0.00 106,443,302.01 2,101,358.01 0.00 2-A3 0.00 122,297,089.56 12,987,375.09 0.00 2-A4 0.00 0.00 924,715.82 0.00 2-A5 0.00 10,690,000.00 53,438.80 0.00 2-PO 0.00 1,746,723.81 60,272.42 0.00 A-X 0.00 0.00 246,572.85 0.00 B1 0.00 13,095,845.63 78,156.91 0.00 B2 0.00 6,547,423.70 39,075.48 0.00 B3 0.00 4,365,281.88 26,052.31 0.00 B4 0.00 2,400,755.30 14,327.87 0.00 B5 0.00 1,964,526.58 11,724.43 0.00 B6 0.00 2,183,477.46 13,031.14 0.00 Totals 0.00 407,984,839.93 20,914,593.46 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) 1-A1 76,038,000.00 74,860,468.00 57,502.01 2,418,533.20 0.00 0.00 A-R 100.00 0.00 0.00 0.00 0.00 0.00 2-A1 65,908,125.00 64,883,533.76 18,597.58 998,954.98 0.00 0.00 2-A2 109,846,875.00 108,139,222.93 30,995.96 1,664,924.96 0.00 0.00 2-A3 135,290,000.00 134,611,547.99 225,068.55 12,089,389.88 0.00 0.00 2-A4 7,105,000.00 920,116.20 16,900.82 907,815.00 (4,599.62) 0.00 2-A5 10,690,000.00 10,690,000.00 0.00 0.00 0.00 0.00 2-PO 1,810,154.00 1,806,996.24 3,046.60 57,225.83 0.00 0.00 A-X 0.00 0.00 0.00 0.00 0.00 0.00 B1 13,119,000.00 13,107,457.93 11,612.30 0.00 0.00 0.00 B2 6,559,000.00 6,553,229.40 5,805.71 0.00 0.00 0.00 B3 4,373,000.00 4,369,152.64 3,870.77 0.00 0.00 0.00 B4 2,405,000.00 2,402,884.09 2,128.79 0.00 0.00 0.00 B5 1,968,000.00 1,966,268.56 1,741.98 0.00 0.00 0.00 B6 2,187,338.00 2,185,413.58 1,936.12 0.00 0.00 0.00 Totals 437,299,592.00 426,496,291.32 379,207.19 18,136,843.85 (4,599.62) 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 2,476,035.21 72,384,432.79 0.95195077 2,476,035.21 A-R 0.00 0.00 0.00000000 0.00 2-A1 1,017,552.55 63,865,981.21 0.96901530 1,017,552.55 2-A2 1,695,920.92 106,443,302.01 0.96901530 1,695,920.92 2-A3 12,314,458.43 122,297,089.56 0.90396252 12,314,458.43 2-A4 920,116.20 0.00 0.00000000 920,116.20 2-A5 0.00 10,690,000.00 1.00000000 0.00 2-PO 60,272.42 1,746,723.81 0.96495868 60,272.42 A-X 0.00 0.00 0.00000000 0.00 B1 11,612.30 13,095,845.63 0.99823505 11,612.30 B2 5,805.71 6,547,423.70 0.99823505 5,805.71 B3 3,870.77 4,365,281.88 0.99823505 3,870.77 B4 2,128.79 2,400,755.30 0.99823505 2,128.79 B5 1,741.98 1,964,526.58 0.99823505 1,741.98 B6 1,936.12 2,183,477.46 0.99823505 1,936.12 Totals 18,511,451.40 407,984,839.93 0.93296414 18,511,451.40
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 76,038,000.00 984.51390094 0.75622728 31.80690181 0.00000000 A-R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 65,908,125.00 984.45424991 0.28217431 15.15678044 0.00000000 2-A2 109,846,875.00 984.45424988 0.28217425 15.15678038 0.00000000 2-A3 135,290,000.00 994.98520208 1.66360078 89.35907961 0.00000000 2-A4 7,105,000.00 129.50263195 2.37872203 127.77128783 (0.64737790) 2-A5 10,690,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-PO 1,810,154.00 998.25552964 1.68306122 31.61379087 0.00000000 A-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 B1 13,119,000.00 999.12020200 0.88515131 0.00000000 0.00000000 B2 6,559,000.00 999.12020125 0.88515170 0.00000000 0.00000000 B3 4,373,000.00 999.12020123 0.88515207 0.00000000 0.00000000 B4 2,405,000.00 999.12020374 0.88515177 0.00000000 0.00000000 B5 1,968,000.00 999.12020325 0.88515244 0.00000000 0.00000000 B6 2,187,338.00 999.12019999 0.88514898 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 1-A1 0.00000000 32.56312909 951.95077185 0.95195077 32.56312909 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00000000 15.43895461 969.01529531 0.96901530 15.43895461 2-A2 0.00000000 15.43895464 969.01529525 0.96901530 15.43895464 2-A3 0.00000000 91.02268039 903.96252169 0.90396252 91.02268039 2-A4 0.00000000 129.50263195 0.00000000 0.00000000 129.50263195 2-A5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-PO 0.00000000 33.29684657 964.95867755 0.96495868 33.29684657 A-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B1 0.00000000 0.88515131 998.23505069 0.99823505 0.88515131 B2 0.00000000 0.88515170 998.23505107 0.99823505 0.88515170 B3 0.00000000 0.88515207 998.23505145 0.99823505 0.88515207 B4 0.00000000 0.88515177 998.23505198 0.99823505 0.88515177 B5 0.00000000 0.88515244 998.23505081 0.99823505 0.88515244 B6 0.00000000 0.88514898 998.23505101 0.99823505 0.88514898 (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 76,038,000.00 6.50000% 74,860,468.00 405,494.20 0.00 0.00 A-R 100.00 6.00000% 0.00 0.00 0.00 0.00 2-A1 65,908,125.00 8.50000% 64,883,533.76 459,591.70 0.00 0.00 2-A2 109,846,875.00 4.50000% 108,139,222.93 405,522.09 0.00 0.00 2-A3 135,290,000.00 6.00000% 134,611,547.99 673,057.74 0.00 0.00 2-A4 7,105,000.00 6.00000% 920,116.20 4,600.58 0.00 0.00 2-A5 10,690,000.00 6.00000% 10,690,000.00 53,450.00 0.00 0.00 2-PO 1,810,154.00 0.00000% 1,806,996.24 0.00 0.00 0.00 A-X 0.00 6.00000% 49,324,908.27 246,624.54 0.00 0.00 B1 13,119,000.00 6.09350% 13,107,457.93 66,558.56 0.00 0.00 B2 6,559,000.00 6.09350% 6,553,229.40 33,276.74 0.00 0.00 B3 4,373,000.00 6.09350% 4,369,152.64 22,186.19 0.00 0.00 B4 2,405,000.00 6.09350% 2,402,884.09 12,201.64 0.00 0.00 B5 1,968,000.00 6.09350% 1,966,268.56 9,984.54 0.00 0.00 B6 2,187,338.00 6.09350% 2,185,413.58 11,097.34 0.00 0.00 Totals 437,299,592.00 2,403,645.86 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 84.99 0.00 405,409.21 0.00 72,384,432.79 A-R 0.00 0.00 0.00 0.00 0.00 2-A1 96.33 0.00 459,495.36 0.00 63,865,981.21 2-A2 85.00 0.00 405,437.09 0.00 106,443,302.01 2-A3 141.08 0.00 672,916.66 0.00 122,297,089.56 2-A4 0.96 0.00 4,599.62 0.00 0.00 2-A5 11.20 0.00 53,438.80 0.00 10,690,000.00 2-PO 0.00 0.00 0.00 0.00 1,746,723.81 A-X 51.69 0.00 246,572.85 0.00 46,786,923.70 B1 13.95 0.00 66,544.61 0.00 13,095,845.63 B2 6.98 0.00 33,269.77 0.00 6,547,423.70 B3 4.65 0.00 22,181.54 0.00 4,365,281.88 B4 2.56 0.00 12,199.08 0.00 2,400,755.30 B5 2.09 0.00 9,982.45 0.00 1,964,526.58 B6 2.33 0.00 11,095.02 0.00 2,183,477.46 Totals 503.81 0.00 2,403,142.06 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 76,038,000.00 6.50000% 984.51390094 5.33278361 0.00000000 0.00000000 A-R 100.00 6.00000% 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 65,908,125.00 8.50000% 984.45424991 6.97321764 0.00000000 0.00000000 2-A2 109,846,875.00 4.50000% 984.45424988 3.69170347 0.00000000 0.00000000 2-A3 135,290,000.00 6.00000% 994.98520208 4.97492601 0.00000000 0.00000000 2-A4 7,105,000.00 6.00000% 129.50263195 0.64751302 0.00000000 0.00000000 2-A5 10,690,000.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 2-PO 1,810,154.00 0.00000% 998.25552964 0.00000000 0.00000000 0.00000000 A-X 0.00 6.00000% 967.27942591 4.83639710 0.00000000 0.00000000 B1 13,119,000.00 6.09350% 999.12020200 5.07344767 0.00000000 0.00000000 B2 6,559,000.00 6.09350% 999.12020125 5.07344717 0.00000000 0.00000000 B3 4,373,000.00 6.09350% 999.12020123 5.07344843 0.00000000 0.00000000 B4 2,405,000.00 6.09350% 999.12020374 5.07344699 0.00000000 0.00000000 B5 1,968,000.00 6.09350% 999.12020325 5.07344512 0.00000000 0.00000000 B6 2,187,338.00 6.09350% 999.12019999 5.07344544 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 1-A1 0.00111773 0.00000000 5.33166588 0.00000000 951.95077185 A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A1 0.00146158 0.00000000 6.97175591 0.00000000 969.01529531 2-A2 0.00077380 0.00000000 3.69092967 0.00000000 969.01529525 2-A3 0.00104280 0.00000000 4.97388321 0.00000000 903.96252169 2-A4 0.00013512 0.00000000 0.64737790 0.00000000 0.00000000 2-A5 0.00104771 0.00000000 4.99895229 0.00000000 1000.00000000 2-PO 0.00000000 0.00000000 0.00000000 0.00000000 964.95867755 A-X 0.00101366 0.00000000 4.83538344 0.00000000 917.50862361 B1 0.00106334 0.00000000 5.07238433 0.00000000 998.23505069 B2 0.00106419 0.00000000 5.07238451 0.00000000 998.23505107 B3 0.00106334 0.00000000 5.07238509 0.00000000 998.23505145 B4 0.00106445 0.00000000 5.07238254 0.00000000 998.23505198 B5 0.00106199 0.00000000 5.07238313 0.00000000 998.23505081 B6 0.00106522 0.00000000 5.07238479 0.00000000 998.23505101 (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 20,996,221.20 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 167,041.20 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 21,163,262.40 Withdrawals Reimbursement for Servicer Advances 124,366.23 Payment of Service Fee 124,302.71 Payment of Interest and Principal 20,914,593.46 Total Withdrawals (Pool Distribution Amount) 21,163,262.40 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 503.81 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 503.81
SERVICING FEES Gross Servicing Fee 124,136.45 Master Servicing Fee 166.26 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 124,302.71
LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT DELINQUENCY STATUS DELINQUENT BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 66 0 0 0 66 21,508,591.39 0.00 0.00 0.00 21,508,591.39 60 Days 11 0 0 0 11 3,928,149.04 0.00 0.00 0.00 3,928,149.04 90 Days 1 0 0 0 1 189,862.48 0.00 0.00 0.00 189,862.48 120 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 78 0 0 0 78 25,626,602.91 0.00 0.00 0.00 25,626,602.91 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.221519% 0.000000% 0.000000% 0.000000% 5.221519% 5.267701% 0.000000% 0.000000% 0.000000% 5.267701% 60 Days 0.870253% 0.000000% 0.000000% 0.000000% 0.870253% 0.962049% 0.000000% 0.000000% 0.000000% 0.962049% 90 Days 0.079114% 0.000000% 0.000000% 0.000000% 0.079114% 0.046499% 0.000000% 0.000000% 0.000000% 0.046499% 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 6.170886% 0.000000% 0.000000% 0.000000% 6.170886% 6.276249% 0.000000% 0.000000% 0.000000% 6.276249%
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 17 0 0 0 17 3,276,512.40 0.00 0.00 0.00 3,276,512.40 60 Days 3 0 0 0 3 510,121.86 0.00 0.00 0.00 510,121.86 90 Days 1 0 0 0 1 189,862.48 0.00 0.00 0.00 189,862.48 120 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 21 0 0 0 21 3,976,496.74 0.00 0.00 0.00 3,976,496.74 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.941860% 0.000000% 0.000000% 0.000000% 4.941860% 4.192493% 0.000000% 0.000000% 0.000000% 4.192493% 60 Days 0.872093% 0.000000% 0.000000% 0.000000% 0.872093% 0.652731% 0.000000% 0.000000% 0.000000% 0.652731% 90 Days 0.290698% 0.000000% 0.000000% 0.000000% 0.290698% 0.242940% 0.000000% 0.000000% 0.000000% 0.242940% 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 6.104651% 0.000000% 0.000000% 0.000000% 6.104651% 5.088165% 0.000000% 0.000000% 0.000000% 5.088165% 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 49 0 0 0 49 18,232,078.99 0.00 0.00 0.00 18,232,078.99 60 Days 8 0 0 0 8 3,418,027.18 0.00 0.00 0.00 3,418,027.18 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 57 0 0 0 57 21,650,106.17 0.00 0.00 0.00 21,650,106.17 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.326087% 0.000000% 0.000000% 0.000000% 5.326087% 5.522213% 0.000000% 0.000000% 0.000000% 5.522213% 60 Days 0.869565% 0.000000% 0.000000% 0.000000% 0.869565% 1.035267% 0.000000% 0.000000% 0.000000% 1.035267% 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 6.195652% 0.000000% 0.000000% 0.000000% 6.195652% 6.557480% 0.000000% 0.000000% 0.000000% 6.557480%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 167,041.20
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 167,793.00 0.03837026% 167,793.00 0.04112726% Fraud 13,118,988.00 3.00000005% 13,118,988.00 3.21555771% Special Hazard 4,372,996.00 1.00000002% 4,372,996.00 1.07185257% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Fixed 15 & 30 Year Weighted Average Gross Coupon 7.112695% Weighted Average Pass-Through Rate 6.762954% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 1,313 Number Of Loans Paid In Full 49 Ending Scheduled Collateral Loan Count 1,264 Beginning Scheduled Collateral Balance 426,496,291.72 Ending Scheduled Collateral Balance 407,984,840.32 Ending Actual Collateral Balance at 31-May-2003 408,310,814.82 Monthly P &I Constant 2,907,071.47 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 20,672,424.17 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 407,984,840.32 Scheduled Principal 379,123.11 Unscheduled Principal 18,132,328.29
Miscellaneous Reporting Group 1 Senior % 92.902472% Group 1 Junior % 7.097528% Group 1 Senior Prepayment % 100.000000% Group 2 Senior % 92.774035% Group 2 Junior % 7.225965% Group 2 Senior Prepayment % 100.000000%
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Fixed 15 & 30 Year Fixed 15 & 30 Year Fixed 15 & 30 Year Weighted Average Coupon Rate 7.546642 7.011609 7.112695 Weighted Average Net Rate 7.280980 6.749567 6.849969 Pass-Through Rate 7.253776 6.648620 6.762954 Weighted Average Maturity 354 349 350 Beginning Loan Count 357 956 1,313 Loans Paid In Full 13 36 49 Ending Loan Count 344 920 1,264 Beginning Scheduled Balance 80,579,629.67 345,916,662.05 426,496,291.72 Ending scheduled Balance 78,099,201.44 329,885,638.88 407,984,840.32 Record Date 05/31/2003 05/31/2003 05/31/2003 Principal And Interest Constant 568,649.71 2,338,421.76 2,907,071.47 Scheduled Principal 61,895.03 317,228.08 379,123.11 Unscheduled Principal 2,418,533.20 15,713,795.09 18,132,328.29 Scheduled Interest 506,754.68 2,021,193.68 2,527,948.36 Servicing Fees 17,839.13 75,537.14 93,376.27 Master Servicing Fees 2.14 164.12 166.26 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 1,824.56 28,935.50 30,760.06 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 487,088.85 1,916,556.92 2,403,645.77 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
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