-----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, NMNgIyg8tYPmLLM93cD2x+eQJp2bzseIjnB/VU1FHWvueIFzmwrR0AZG9XRq2o/r kPxz4rqVGnWvLyzPOPWi6A== 0001056404-03-001554.txt : 20030908 0001056404-03-001554.hdr.sgml : 20030908 20030905182739 ACCESSION NUMBER: 0001056404-03-001554 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003-BC3 CENTRAL INDEX KEY: 0001230713 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 742440850 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-102489-08 FILM NUMBER: 03884718 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc3.txt AUGUST 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): August 25, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-08 Pooling and Servicing Agreement) (Commission 54-2110373 (State or other File Number) 54-2110374 jurisdiction 54-2110375 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 August 25, 2003 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC3 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-BC3 Trust, relating to the August 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. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC3 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/5/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC3 Trust, relating to the August 25, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 SAIL Series: 2003-BC3 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 86358EAU0 SEN 1.20000% 300,402,664.45 310,416.09 8,628,662.32 1-A2 86358EAV8 SEN 2.32800% 250,697,000.00 486,352.18 0.00 2-A1 86358EAW6 SEN 1.20000% 199,245,650.19 205,887.17 10,172,175.85 2-A2 86358EAX4 SEN 2.24500% 189,527,000.00 354,573.43 0.00 A-IO 86358EAY2 IO 6.00000% 0.00 1,837,375.00 0.00 M1 86358EAZ9 MEZ 2.05000% 58,398,000.00 103,088.69 0.00 M2 86358EBA3 MEZ 3.05000% 26,141,000.00 68,656.43 0.00 M3 86358EBB1 MEZ 3.35000% 5,005,000.00 14,438.03 0.00 M4 86358EBC9 MEZ 4.35000% 9,455,000.00 35,416.85 0.00 M5 86358EBD7 MEZ 4.60000% 6,674,000.00 26,436.46 0.00 B 86358EBE5 SEN 4.60000% 7,230,000.00 28,638.83 0.00 X SAI03BC3X SEN 0.00000% 7,787,028.54 2,638,050.20 0.00 P SAI03BC3P SEN 0.00000% 100.00 387,038.22 0.00 R SAI03B3R3 SEN 0.00000% 0.00 0.00 0.00 Totals 1,060,562,443.18 6,496,367.58 18,800,838.17
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 291,774,002.13 8,939,078.41 0.00 1-A2 0.00 250,697,000.00 486,352.18 0.00 2-A1 0.00 189,073,474.34 10,378,063.02 0.00 2-A2 0.00 189,527,000.00 354,573.43 0.00 A-IO 0.00 0.00 1,837,375.00 0.00 M1 0.00 58,398,000.00 103,088.69 0.00 M2 0.00 26,141,000.00 68,656.43 0.00 M3 0.00 5,005,000.00 14,438.03 0.00 M4 0.00 9,455,000.00 35,416.85 0.00 M5 0.00 6,674,000.00 26,436.46 0.00 B 0.00 7,230,000.00 28,638.83 0.00 X 0.00 7,787,028.54 2,638,050.20 0.00 P 0.00 100.00 387,038.22 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 1,041,761,605.01 25,297,205.75 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 319,486,000.00 300,402,664.45 0.00 8,628,662.32 0.00 0.00 1-A2 250,697,000.00 250,697,000.00 0.00 0.00 0.00 0.00 2-A1 231,948,000.00 199,245,650.19 0.00 10,172,175.85 0.00 0.00 2-A2 189,527,000.00 189,527,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 58,398,000.00 58,398,000.00 0.00 0.00 0.00 0.00 M2 26,141,000.00 26,141,000.00 0.00 0.00 0.00 0.00 M3 5,005,000.00 5,005,000.00 0.00 0.00 0.00 0.00 M4 9,455,000.00 9,455,000.00 0.00 0.00 0.00 0.00 M5 6,674,000.00 6,674,000.00 0.00 0.00 0.00 0.00 B 7,230,000.00 7,230,000.00 0.00 0.00 0.00 0.00 X 7,787,028.54 7,787,028.54 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 1,112,348,128.54 1,060,562,443.18 0.00 18,800,838.17 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 8,628,662.32 291,774,002.13 0.91326068 8,628,662.32 1-A2 0.00 250,697,000.00 1.00000000 0.00 2-A1 10,172,175.85 189,073,474.34 0.81515458 10,172,175.85 2-A2 0.00 189,527,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 58,398,000.00 1.00000000 0.00 M2 0.00 26,141,000.00 1.00000000 0.00 M3 0.00 5,005,000.00 1.00000000 0.00 M4 0.00 9,455,000.00 1.00000000 0.00 M5 0.00 6,674,000.00 1.00000000 0.00 B 0.00 7,230,000.00 1.00000000 0.00 X 0.00 7,787,028.54 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 18,800,838.17 1,041,761,605.01 0.93654278 18,800,838.17
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 319,486,000.00 940.26863290 0.00000000 27.00795127 0.00000000 1-A2 250,697,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 231,948,000.00 859.00999444 0.00000000 43.85541522 0.00000000 2-A2 189,527,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 58,398,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 26,141,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 5,005,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 9,455,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 6,674,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 7,230,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 7,787,028.54 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000000 0.00000000 0.00000000 0.00000000 R 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 27.00795127 913.26068163 0.91326068 27.00795127 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 43.85541522 815.15457922 0.81515458 43.85541522 2-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 P 0.00000000 0.00000000 0.00000000 1.00000000 0.00000000 R 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 319,486,000.00 1.20000% 300,402,664.45 310,416.09 0.00 0.00 1-A2 250,697,000.00 2.32800% 250,697,000.00 486,352.18 0.00 0.00 2-A1 231,948,000.00 1.20000% 199,245,650.19 205,887.17 0.00 0.00 2-A2 189,527,000.00 2.24500% 189,527,000.00 354,573.43 0.00 0.00 A-IO 0.00 6.00000% 367,475,000.00 1,837,375.00 0.00 0.00 M1 58,398,000.00 2.05000% 58,398,000.00 103,088.69 0.00 0.00 M2 26,141,000.00 3.05000% 26,141,000.00 68,656.43 0.00 0.00 M3 5,005,000.00 3.35000% 5,005,000.00 14,438.03 0.00 0.00 M4 9,455,000.00 4.35000% 9,455,000.00 35,416.85 0.00 0.00 M5 6,674,000.00 4.60000% 6,674,000.00 26,436.46 0.00 0.00 B 7,230,000.00 4.60000% 7,230,000.00 28,638.83 0.00 0.00 X 7,787,028.54 0.00000% 7,787,028.54 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 1,112,348,128.54 3,471,279.16 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 0.00 0.00 310,416.09 0.00 291,774,002.13 1-A2 0.00 0.00 486,352.18 0.00 250,697,000.00 2-A1 0.00 0.00 205,887.17 0.00 189,073,474.34 2-A2 0.00 0.00 354,573.43 0.00 189,527,000.00 A-IO 0.00 0.00 1,837,375.00 0.00 367,475,000.00 M1 0.00 0.00 103,088.69 0.00 58,398,000.00 M2 0.00 0.00 68,656.43 0.00 26,141,000.00 M3 0.00 0.00 14,438.03 0.00 5,005,000.00 M4 0.00 0.00 35,416.85 0.00 9,455,000.00 M5 0.00 0.00 26,436.46 0.00 6,674,000.00 B 0.00 0.00 28,638.83 0.00 7,230,000.00 X 0.00 0.00 2,638,050.20 0.00 7,787,028.54 P 0.00 0.00 387,038.22 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,496,367.58 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 319,486,000.00 1.20000% 940.26863290 0.97161093 0.00000000 0.00000000 1-A2 250,697,000.00 2.32800% 1000.00000000 1.94000000 0.00000000 0.00000000 2-A1 231,948,000.00 1.20000% 859.00999444 0.88764365 0.00000000 0.00000000 2-A2 189,527,000.00 2.24500% 1000.00000000 1.87083334 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 58,398,000.00 2.05000% 1000.00000000 1.76527775 0.00000000 0.00000000 M2 26,141,000.00 3.05000% 1000.00000000 2.62638881 0.00000000 0.00000000 M3 5,005,000.00 3.35000% 1000.00000000 2.88472128 0.00000000 0.00000000 M4 9,455,000.00 4.35000% 1000.00000000 3.74583289 0.00000000 0.00000000 M5 6,674,000.00 4.60000% 1000.00000000 3.96111178 0.00000000 0.00000000 B 7,230,000.00 4.60000% 1000.00000000 3.96111065 0.00000000 0.00000000 X 7,787,028.54 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 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 1-A1 0.00000000 0.00000000 0.97161093 0.00000000 913.26068163 1-A2 0.00000000 0.00000000 1.94000000 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.88764365 0.00000000 815.15457922 2-A2 0.00000000 0.00000000 1.87083334 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.76527775 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.62638881 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.88472128 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.74583289 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.96111178 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.96111065 0.00000000 1000.00000000 X 0.00000000 0.00000000 338.77494945 0.00000000 1000.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R 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 26,172,234.25 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 0.00 Total Deposits 26,172,234.25 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 875,028.50 Payment of Interest and Principal 25,297,205.75 Total Withdrawals (Pool Distribution Amount) 26,172,234.25 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 441,900.94 Credit Risk Management Fee 13,257.03 PMI Insurance Premium Fee 415,451.52 Wells Fargo Bank Minnesota, NA 4,419.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 875,028.50
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.00 0.00 1,000.00 Financial Guaranty 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 3 0 0 3 357,781.79 0.00 0.00 357,781.79 30 Days 153 0 0 0 153 21,520,094.52 0.00 0.00 0.00 21,520,094.52 60 Days 64 0 43 0 107 7,968,296.98 0.00 7,777,766.11 0.00 15,746,063.09 90 Days 21 0 15 0 36 2,250,023.47 0.00 3,694,268.88 0.00 5,944,292.35 120 Days 5 2 13 1 21 270,120.54 645,544.84 1,584,688.59 250,750.00 2,751,103.97 150 Days 3 2 6 0 11 169,675.01 329,740.10 579,084.08 0.00 1,078,499.19 180+ Days 1 0 1 0 2 70,009.77 0.00 136,835.33 0.00 206,845.10 Totals 247 7 78 1 333 32,248,220.29 1,333,066.73 13,772,642.99 250,750.00 47,604,680.01 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 0.047589% 0.000000% 0.000000% 0.047589% 0.034322% 0.000000% 0.000000% 0.034322% 30 Days 2.427030% 0.000000% 0.000000% 0.000000% 2.427030% 2.064416% 0.000000% 0.000000% 0.000000% 2.064416% 60 Days 1.015228% 0.000000% 0.682107% 0.000000% 1.697335% 0.764396% 0.000000% 0.746119% 0.000000% 1.510515% 90 Days 0.333122% 0.000000% 0.237944% 0.000000% 0.571066% 0.215844% 0.000000% 0.354390% 0.000000% 0.570234% 120 Days 0.079315% 0.031726% 0.206218% 0.015863% 0.333122% 0.025913% 0.061927% 0.152019% 0.024054% 0.263913% 150 Days 0.047589% 0.031726% 0.095178% 0.000000% 0.174492% 0.016277% 0.031632% 0.055551% 0.000000% 0.103460% 180+ Days 0.015863% 0.000000% 0.015863% 0.000000% 0.031726% 0.006716% 0.000000% 0.013127% 0.000000% 0.019843% Totals 3.918147% 0.111041% 1.237310% 0.015863% 5.282360% 3.093562% 0.127881% 1.321205% 0.024054% 4.566702%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 1 0 0 1 66,673.71 0.00 0.00 66,673.71 30 Days 9 0 0 0 9 683,339.53 0.00 0.00 0.00 683,339.53 60 Days 1 0 1 0 2 57,514.31 0.00 161,218.63 0.00 218,732.94 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 10 1 1 0 12 740,853.84 66,673.71 161,218.63 0.00 968,746.18 0-29 Days 0.149925% 0.000000% 0.000000% 0.149925% 0.071714% 0.000000% 0.000000% 0.071714% 30 Days 1.349325% 0.000000% 0.000000% 0.000000% 1.349325% 0.735000% 0.000000% 0.000000% 0.000000% 0.735000% 60 Days 0.149925% 0.000000% 0.149925% 0.000000% 0.299850% 0.061862% 0.000000% 0.173407% 0.000000% 0.235269% 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 1.499250% 0.149925% 0.149925% 0.000000% 1.799100% 0.796862% 0.071714% 0.173407% 0.000000% 1.041983% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 61 0 0 0 61 9,098,576.65 0.00 0.00 0.00 9,098,576.65 60 Days 30 0 23 0 53 3,697,430.67 0.00 3,466,483.51 0.00 7,163,914.18 90 Days 4 0 7 0 11 476,216.17 0.00 1,166,610.45 0.00 1,642,826.62 120 Days 0 0 5 0 5 0.00 0.00 711,395.94 0.00 711,395.94 150 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 95 0 35 0 130 13,272,223.49 0.00 5,344,489.90 0.00 18,616,713.39 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.863734% 0.000000% 0.000000% 0.000000% 1.863734% 1.749770% 0.000000% 0.000000% 0.000000% 1.749770% 60 Days 0.916590% 0.000000% 0.702719% 0.000000% 1.619310% 0.711062% 0.000000% 0.666648% 0.000000% 1.377710% 90 Days 0.122212% 0.000000% 0.213871% 0.000000% 0.336083% 0.091582% 0.000000% 0.224354% 0.000000% 0.315936% 120 Days 0.000000% 0.000000% 0.152765% 0.000000% 0.152765% 0.000000% 0.000000% 0.136810% 0.000000% 0.136810% 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 2.902536% 0.000000% 1.069355% 0.000000% 3.971891% 2.552414% 0.000000% 1.027812% 0.000000% 3.580226% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 1 0 0 1 28,905.59 0.00 0.00 28,905.59 30 Days 48 0 0 0 48 4,366,061.48 0.00 0.00 0.00 4,366,061.48 60 Days 20 0 4 0 24 2,008,777.47 0.00 419,780.16 0.00 2,428,557.63 90 Days 13 0 1 0 14 1,065,279.42 0.00 37,764.52 0.00 1,103,043.94 120 Days 4 2 2 0 8 186,493.82 645,544.84 169,462.62 0.00 1,001,501.28 150 Days 2 2 4 0 8 89,010.01 329,740.10 368,048.75 0.00 786,798.86 180 Days 1 0 0 0 1 70,009.77 0.00 0.00 0.00 70,009.77 Totals 88 5 11 0 104 7,785,631.97 1,004,190.53 995,056.05 0.00 9,784,878.55 0-29 Days 0.085251% 0.000000% 0.000000% 0.085251% 0.022499% 0.000000% 0.000000% 0.022499% 30 Days 4.092072% 0.000000% 0.000000% 0.000000% 4.092072% 3.398442% 0.000000% 0.000000% 0.000000% 3.398442% 60 Days 1.705030% 0.000000% 0.341006% 0.000000% 2.046036% 1.563586% 0.000000% 0.326747% 0.000000% 1.890333% 90 Days 1.108269% 0.000000% 0.085251% 0.000000% 1.193521% 0.829189% 0.000000% 0.029395% 0.000000% 0.858584% 120 Days 0.341006% 0.170503% 0.170503% 0.000000% 0.682012% 0.145162% 0.502477% 0.131906% 0.000000% 0.779546% 150 Days 0.170503% 0.170503% 0.341006% 0.000000% 0.682012% 0.069283% 0.256662% 0.286481% 0.000000% 0.612426% 180 Days 0.085251% 0.000000% 0.000000% 0.000000% 0.085251% 0.054494% 0.000000% 0.000000% 0.000000% 0.054494% Totals 7.502131% 0.426257% 0.937766% 0.000000% 8.866155% 6.060157% 0.781639% 0.774529% 0.000000% 7.616324% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 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 1 0 0 1 262,202.49 0.00 0.00 262,202.49 30 Days 35 0 0 0 35 7,372,116.86 0.00 0.00 0.00 7,372,116.86 60 Days 13 0 15 0 28 2,204,574.53 0.00 3,730,283.81 0.00 5,934,858.34 90 Days 4 0 7 0 11 708,527.88 0.00 2,489,893.91 0.00 3,198,421.79 120 Days 1 0 6 1 8 83,626.72 0.00 703,830.03 250,750.00 1,038,206.75 150 Days 1 0 2 0 3 80,665.00 0.00 211,035.33 0.00 291,700.33 180 Days 0 0 1 0 1 0.00 0.00 136,835.33 0.00 136,835.33 Totals 54 1 31 1 87 10,449,510.99 262,202.49 7,271,878.41 250,750.00 18,234,341.89 0-29 Days 0.083963% 0.000000% 0.000000% 0.083963% 0.087111% 0.000000% 0.000000% 0.087111% 30 Days 2.938707% 0.000000% 0.000000% 0.000000% 2.938707% 2.449215% 0.000000% 0.000000% 0.000000% 2.449215% 60 Days 1.091520% 0.000000% 1.259446% 0.000000% 2.350966% 0.732419% 0.000000% 1.239300% 0.000000% 1.971719% 90 Days 0.335852% 0.000000% 0.587741% 0.000000% 0.923594% 0.235392% 0.000000% 0.827209% 0.000000% 1.062601% 120 Days 0.083963% 0.000000% 0.503778% 0.083963% 0.671704% 0.027783% 0.000000% 0.233831% 0.083306% 0.344920% 150 Days 0.083963% 0.000000% 0.167926% 0.000000% 0.251889% 0.026799% 0.000000% 0.070112% 0.000000% 0.096911% 180 Days 0.000000% 0.000000% 0.083963% 0.000000% 0.083963% 0.000000% 0.000000% 0.045460% 0.000000% 0.045460% Totals 4.534005% 0.083963% 2.602855% 0.083963% 7.304786% 3.471607% 0.087111% 2.415913% 0.083306% 6.057937%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.905362% Weighted Average Net Coupon 6.935289% Weighted Average Pass-Through Rate 6.930288% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 6,408 Number Of Loans Paid In Full 104 Ending Scheduled Collateral Loan Count 6,304 Beginning Scheduled Collateral Balance 1,060,562,343.18 Ending Scheduled Collateral Balance 1,041,761,505.01 Ending Actual Collateral Balance at 31-Jul-2003 1,042,430,095.96 Monthly P &I Constant 7,675,221.79 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss (5,789.18) Ending Scheduled Balance for Premium Loans 1,041,761,505.01 Scheduled Principal 688,447.68 Unscheduled Principal 18,112,390.49
Miscellaneous Reporting Excess Cash Amount 2,638,050.20 Overcollateralization Amount 7,787,028.54 Overcollateralization Deficiency 0.00 Targeted Overcollaterazliation Amount 7,787,028.54
Group Level Collateral Statement Group 1 2 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.915274 7.761406 9.238629 Weighted Average Net Rate 7.415274 7.261406 8.738629 Weighted Average Maturity 351 351 337 Beginning Loan Count 677 3,312 1,203 Loans Paid In Full 10 39 30 Ending Loan Count 667 3,273 1,173 Beginning Scheduled Balance 95,073,842.25 526,120,180.40 132,787,881.93 Ending scheduled Balance 92,904,426.89 519,660,933.44 128,412,648.26 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 712,716.32 3,730,539.25 1,092,260.82 Scheduled Principal 85,603.38 327,679.19 69,945.86 Unscheduled Principal 2,083,811.98 6,131,567.77 4,305,287.81 Scheduled Interest 627,112.94 3,402,860.06 1,022,314.96 Servicing Fees 39,614.12 219,216.73 55,328.28 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 396.13 2,192.19 553.29 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 36,873.24 216,317.89 40,110.83 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 550,229.45 2,965,133.25 926,322.56 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 (5,789.18) 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 6.944869 6.763017 8.371148
Group Level Collateral Statement Group 4 Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.571857 7.905362 Weighted Average Net Rate 7.071858 6.935289 Weighted Average Maturity 337 351 Beginning Loan Count 1,216 6,408 Loans Paid In Full 25 104 Ending Loan Count 1,191 6,304 Beginning Scheduled Balance 306,580,438.60 1,060,562,343.18 Ending scheduled Balance 300,783,496.42 1,041,761,505.01 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 2,139,705.40 7,675,221.79 Scheduled Principal 205,219.25 688,447.68 Unscheduled Principal 5,591,722.93 18,112,390.49 Scheduled Interest 1,934,486.15 6,986,774.11 Servicing Fees 127,741.81 441,900.94 Master Servicing Fees 0.00 0.00 Trustee Fee 1,277.40 4,419.01 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 122,149.56 415,451.52 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 1,683,317.38 6,125,002.64 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 (5,789.18) Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.588747 6.930288
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