-----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, VC35Rxdv/zG9haZm++NUvB2HQTx3Ump1UZsnWWoiJ9jkrThfFLcPfZnMQK/bq6Tz uv4OvG1/uKouqsH1MYiX4Q== 0001056404-04-000226.txt : 20040109 0001056404-04-000226.hdr.sgml : 20040109 20040109155419 ACCESSION NUMBER: 0001056404-04-000226 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031225 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040109 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: 04517997 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc3_dec.txt DECEMBER 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): December 26, 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 December 26, 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 December 26, 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/7/04 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 December 26, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 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 1.21875% 248,574,780.09 260,874.05 16,469,427.95 1-A2 86358EAV8 SEN 2.32800% 250,697,000.00 486,352.18 0.00 2-A1 86358EAW6 SEN 1.21875% 147,804,339.69 155,117.58 14,558,098.71 2-A2 86358EAX4 SEN 2.24500% 189,527,000.00 354,573.43 0.00 A-IO 86358EAY2 IO 6.00000% 0.00 1,503,305.00 0.00 M1 86358EAZ9 MEZ 2.06875% 58,398,000.00 104,031.58 0.00 M2 86358EBA3 MEZ 3.06875% 26,141,000.00 69,078.50 0.00 M3 86358EBB1 MEZ 3.36875% 5,005,000.00 14,518.84 0.00 M4 86358EBC9 MEZ 4.36875% 9,455,000.00 35,569.51 0.00 M5 86358EBD7 MEZ 4.61875% 6,674,000.00 26,544.21 0.00 B 86358EBE5 SEN 4.61875% 7,230,000.00 28,755.57 0.00 X SAI03BC3X SEN 0.00000% 7,787,028.54 2,397,147.31 0.00 P SAI03BC3P SEN 0.00000% 100.00 656,120.14 0.00 R SAI03B3R3 SEN 0.00000% 0.00 0.00 0.00 Totals 957,293,248.32 6,091,987.90 31,027,526.66
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 232,105,352.14 16,730,302.00 0.00 1-A2 0.00 250,697,000.00 486,352.18 0.00 2-A1 0.00 133,246,240.98 14,713,216.29 0.00 2-A2 0.00 189,527,000.00 354,573.43 0.00 A-IO 0.00 0.00 1,503,305.00 0.00 M1 0.00 58,398,000.00 104,031.58 0.00 M2 0.00 26,141,000.00 69,078.50 0.00 M3 0.00 5,005,000.00 14,518.84 0.00 M4 0.00 9,455,000.00 35,569.51 0.00 M5 0.00 6,674,000.00 26,544.21 0.00 B 0.00 7,230,000.00 28,755.57 0.00 X 0.00 7,787,028.54 2,397,147.31 0.00 P 0.00 100.00 656,120.14 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 926,265,721.66 37,119,514.56 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 319,486,000.00 248,574,780.09 0.00 16,469,427.95 0.00 0.00 1-A2 250,697,000.00 250,697,000.00 0.00 0.00 0.00 0.00 2-A1 231,948,000.00 147,804,339.69 0.00 14,558,098.71 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 1,112,348,128.54 957,293,248.32 0.00 31,027,526.66 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 16,469,427.95 232,105,352.14 0.72649616 16,469,427.95 1-A2 0.00 250,697,000.00 1.00000000 0.00 2-A1 14,558,098.71 133,246,240.98 0.57446601 14,558,098.71 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 31,027,526.66 926,265,721.66 0.83271208 31,027,526.66
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 319,486,000.00 778.04592405 0.00000000 51.54976415 0.00000000 1-A2 250,697,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 231,948,000.00 637.23049860 0.00000000 62.76449338 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 51.54976415 726.49615989 0.72649616 51.54976415 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 62.76449338 574.46600523 0.57446601 62.76449338 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, Bankruptcy, 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 1.21875% 248,574,780.09 260,874.05 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 1.21875% 147,804,339.69 155,117.58 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% 300,661,000.00 1,503,305.00 0.00 0.00 M1 58,398,000.00 2.06875% 58,398,000.00 104,031.58 0.00 0.00 M2 26,141,000.00 3.06875% 26,141,000.00 69,078.50 0.00 0.00 M3 5,005,000.00 3.36875% 5,005,000.00 14,518.84 0.00 0.00 M4 9,455,000.00 4.36875% 9,455,000.00 35,569.51 0.00 0.00 M5 6,674,000.00 4.61875% 6,674,000.00 26,544.21 0.00 0.00 B 7,230,000.00 4.61875% 7,230,000.00 28,755.57 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 3,038,720.45 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 0.00 260,874.05 0.00 232,105,352.14 1-A2 0.00 0.00 486,352.18 0.00 250,697,000.00 2-A1 0.00 0.00 155,117.58 0.00 133,246,240.98 2-A2 0.00 0.00 354,573.43 0.00 189,527,000.00 A-IO 0.00 0.00 1,503,305.00 0.00 300,661,000.00 M1 0.00 0.00 104,031.58 0.00 58,398,000.00 M2 0.00 0.00 69,078.50 0.00 26,141,000.00 M3 0.00 0.00 14,518.84 0.00 5,005,000.00 M4 0.00 0.00 35,569.51 0.00 9,455,000.00 M5 0.00 0.00 26,544.21 0.00 6,674,000.00 B 0.00 0.00 28,755.57 0.00 7,230,000.00 X 0.00 0.00 2,397,147.31 0.00 7,787,028.54 P 0.00 0.00 656,120.14 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 6,091,987.90 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, 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 1.21875% 778.04592405 0.81654298 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 1.21875% 637.23049860 0.66876015 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% 818.18082863 4.09090414 0.00000000 0.00000000 M1 58,398,000.00 2.06875% 1000.00000000 1.78142368 0.00000000 0.00000000 M2 26,141,000.00 3.06875% 1000.00000000 2.64253472 0.00000000 0.00000000 M3 5,005,000.00 3.36875% 1000.00000000 2.90086713 0.00000000 0.00000000 M4 9,455,000.00 4.36875% 1000.00000000 3.76197885 0.00000000 0.00000000 M5 6,674,000.00 4.61875% 1000.00000000 3.97725652 0.00000000 0.00000000 B 7,230,000.00 4.61875% 1000.00000000 3.97725726 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 0.81654298 0.00000000 726.49615989 1-A2 0.00000000 0.00000000 1.94000000 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.66876015 0.00000000 574.46600523 2-A2 0.00000000 0.00000000 1.87083334 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 4.09090414 0.00000000 818.18082863 M1 0.00000000 0.00000000 1.78142368 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.64253472 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.90086713 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.76197885 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.97725652 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.97725726 0.00000000 1000.00000000 X 0.00000000 0.00000000 307.83851603 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, Bankruptcy,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 37,964,962.17 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) (63,585.08) Prepayment Penalties 0.00 Total Deposits 37,901,377.09 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 781,862.53 Payment of Interest and Principal 37,119,514.56 Total Withdrawals (Pool Distribution Amount) 37,901,377.09 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 398,872.15 Credit Risk Management Fee 11,966.16 PMI Insurance Premium Fee 367,035.56 Wells Fargo Bank Minnesota, NA 3,988.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 781,862.53
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 9 0 0 9 1,827,885.02 0.00 0.00 1,827,885.02 30 Days 162 0 0 0 162 22,783,849.31 0.00 0.00 0.00 22,783,849.31 60 Days 59 0 1 0 60 9,365,915.47 0.00 309,081.87 0.00 9,674,997.34 90 Days 21 2 25 0 48 2,881,537.65 463,896.00 4,021,462.14 0.00 7,366,895.79 120 Days 16 2 27 0 45 1,976,314.52 318,113.78 3,795,608.55 0.00 6,090,036.85 150 Days 3 3 30 0 36 891,337.32 360,761.75 4,222,848.40 0.00 5,474,947.47 180+ Days 9 15 64 22 110 923,442.44 1,503,496.13 8,165,686.27 3,406,510.79 13,999,135.63 Totals 270 31 147 22 470 38,822,396.71 4,474,152.68 20,514,687.23 3,406,510.79 67,217,747.41 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 0.157867% 0.000000% 0.000000% 0.157867% 0.197178% 0.000000% 0.000000% 0.197178% 30 Days 2.841607% 0.000000% 0.000000% 0.000000% 2.841607% 2.457741% 0.000000% 0.000000% 0.000000% 2.457741% 60 Days 1.034906% 0.000000% 0.017541% 0.000000% 1.052447% 1.010321% 0.000000% 0.033341% 0.000000% 1.043662% 90 Days 0.368356% 0.035082% 0.438520% 0.000000% 0.841958% 0.310837% 0.050041% 0.433803% 0.000000% 0.794682% 120 Days 0.280653% 0.035082% 0.473601% 0.000000% 0.789335% 0.213189% 0.034316% 0.409440% 0.000000% 0.656945% 150 Days 0.052622% 0.052622% 0.526223% 0.000000% 0.631468% 0.096150% 0.038916% 0.455527% 0.000000% 0.590594% 180+ Days 0.157867% 0.263112% 1.122610% 0.385897% 1.929486% 0.099614% 0.162185% 0.880849% 0.367467% 1.510116% Totals 4.736011% 0.543764% 2.578495% 0.385897% 8.244168% 4.187852% 0.482636% 2.212962% 0.367467% 7.250917%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(A) 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 66,451.47 0.00 0.00 66,451.47 30 Days 9 0 0 0 9 1,091,230.90 0.00 0.00 0.00 1,091,230.90 60 Days 2 0 0 0 2 156,127.15 0.00 0.00 0.00 156,127.15 90 Days 0 0 3 0 3 0.00 0.00 235,494.58 0.00 235,494.58 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 3 0 3 0.00 0.00 223,839.34 0.00 223,839.34 180 Days 0 0 0 1 1 0.00 0.00 0.00 57,514.31 57,514.31 Totals 11 1 6 1 19 1,247,358.05 66,451.47 459,333.92 57,514.31 1,830,657.75 0-29 Days 0.161031% 0.000000% 0.000000% 0.161031% 0.077489% 0.000000% 0.000000% 0.077489% 30 Days 1.449275% 0.000000% 0.000000% 0.000000% 1.449275% 1.272481% 0.000000% 0.000000% 0.000000% 1.272481% 60 Days 0.322061% 0.000000% 0.000000% 0.000000% 0.322061% 0.182059% 0.000000% 0.000000% 0.000000% 0.182059% 90 Days 0.000000% 0.000000% 0.483092% 0.000000% 0.483092% 0.000000% 0.000000% 0.274609% 0.000000% 0.274609% 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% 0.483092% 0.000000% 0.483092% 0.000000% 0.000000% 0.261018% 0.000000% 0.261018% 180 Days 0.000000% 0.000000% 0.000000% 0.161031% 0.161031% 0.000000% 0.000000% 0.000000% 0.067067% 0.067067% Totals 1.771337% 0.161031% 0.966184% 0.161031% 3.059581% 1.454540% 0.077489% 0.535628% 0.067067% 2.134724% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 1(B) 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 3 484,658.90 0.00 0.00 484,658.90 30 Days 83 0 0 0 83 11,933,196.83 0.00 0.00 0.00 11,933,196.83 60 Days 29 0 0 0 29 3,926,950.99 0.00 0.00 0.00 3,926,950.99 90 Days 12 2 14 0 28 1,405,751.22 463,896.00 2,126,456.86 0.00 3,996,104.08 120 Days 10 0 17 0 27 1,339,681.46 0.00 1,498,856.73 0.00 2,838,538.19 150 Days 1 2 13 0 16 279,399.19 307,851.79 1,729,465.84 0.00 2,316,716.82 180 Days 3 5 25 7 40 292,509.25 559,056.63 3,177,150.56 1,078,159.22 5,106,875.66 Totals 138 12 69 7 226 19,177,488.94 1,815,463.32 8,531,929.99 1,078,159.22 30,603,041.47 0-29 Days 0.099933% 0.000000% 0.000000% 0.099933% 0.103646% 0.000000% 0.000000% 0.103646% 30 Days 2.764823% 0.000000% 0.000000% 0.000000% 2.764823% 2.551948% 0.000000% 0.000000% 0.000000% 2.551948% 60 Days 0.966023% 0.000000% 0.000000% 0.000000% 0.966023% 0.839790% 0.000000% 0.000000% 0.000000% 0.839790% 90 Days 0.399734% 0.066622% 0.466356% 0.000000% 0.932712% 0.300624% 0.099205% 0.454749% 0.000000% 0.854578% 120 Days 0.333111% 0.000000% 0.566289% 0.000000% 0.899400% 0.286495% 0.000000% 0.320535% 0.000000% 0.607029% 150 Days 0.033311% 0.066622% 0.433045% 0.000000% 0.532978% 0.059750% 0.065835% 0.369851% 0.000000% 0.495436% 180 Days 0.099933% 0.166556% 0.832778% 0.233178% 1.332445% 0.062554% 0.119556% 0.679443% 0.230567% 1.092120% Totals 4.596935% 0.399734% 2.298468% 0.233178% 7.528314% 4.101160% 0.388242% 1.824577% 0.230567% 6.544547% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(A) 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 47 0 0 0 47 4,014,820.16 0.00 0.00 0.00 4,014,820.16 60 Days 13 0 0 0 13 1,096,339.61 0.00 0.00 0.00 1,096,339.61 90 Days 4 0 3 0 7 390,516.72 0.00 268,685.26 0.00 659,201.98 120 Days 5 1 2 0 8 562,070.91 63,177.40 74,393.69 0.00 699,642.00 150 Days 0 1 4 0 5 0.00 52,909.96 182,606.13 0.00 235,516.09 180 Days 5 6 23 2 36 392,769.09 463,041.68 1,978,907.74 687,984.73 3,522,703.24 Totals 74 8 32 2 116 6,456,516.49 579,129.04 2,504,592.82 687,984.73 10,228,223.08 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.621436% 0.000000% 0.000000% 0.000000% 4.621436% 3.622762% 0.000000% 0.000000% 0.000000% 3.622762% 60 Days 1.278269% 0.000000% 0.000000% 0.000000% 1.278269% 0.989279% 0.000000% 0.000000% 0.000000% 0.989279% 90 Days 0.393314% 0.000000% 0.294985% 0.000000% 0.688299% 0.352382% 0.000000% 0.242447% 0.000000% 0.594829% 120 Days 0.491642% 0.098328% 0.196657% 0.000000% 0.786627% 0.507183% 0.057008% 0.067129% 0.000000% 0.631320% 150 Days 0.000000% 0.098328% 0.393314% 0.000000% 0.491642% 0.000000% 0.047743% 0.164774% 0.000000% 0.212517% 180 Days 0.491642% 0.589971% 2.261554% 0.196657% 3.539823% 0.354414% 0.417824% 1.785662% 0.620801% 3.178701% Totals 7.276303% 0.786627% 3.146509% 0.196657% 11.406096% 5.826020% 0.522575% 2.260012% 0.620801% 9.229409% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2(B) 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 5 0 0 5 1,276,774.65 0.00 0.00 1,276,774.65 30 Days 23 0 0 0 23 5,744,601.42 0.00 0.00 0.00 5,744,601.42 60 Days 15 0 1 0 16 4,186,497.72 0.00 309,081.87 0.00 4,495,579.59 90 Days 5 0 5 0 10 1,085,269.71 0.00 1,390,825.44 0.00 2,476,095.15 120 Days 1 1 8 0 10 74,562.15 254,936.38 2,222,358.13 0.00 2,551,856.66 150 Days 2 0 10 0 12 611,938.13 0.00 2,086,937.09 0.00 2,698,875.22 180 Days 1 4 16 12 33 238,164.10 481,397.82 3,009,627.97 1,582,852.53 5,312,042.42 Totals 47 10 40 12 109 11,941,033.23 2,013,108.85 9,018,830.50 1,582,852.53 24,555,825.11 0-29 Days 0.471254% 0.000000% 0.000000% 0.471254% 0.485771% 0.000000% 0.000000% 0.485771% 30 Days 2.167766% 0.000000% 0.000000% 0.000000% 2.167766% 2.185635% 0.000000% 0.000000% 0.000000% 2.185635% 60 Days 1.413761% 0.000000% 0.094251% 0.000000% 1.508011% 1.592827% 0.000000% 0.117596% 0.000000% 1.710422% 90 Days 0.471254% 0.000000% 0.471254% 0.000000% 0.942507% 0.412910% 0.000000% 0.529164% 0.000000% 0.942074% 120 Days 0.094251% 0.094251% 0.754006% 0.000000% 0.942507% 0.028368% 0.096995% 0.845535% 0.000000% 0.970899% 150 Days 0.188501% 0.000000% 0.942507% 0.000000% 1.131008% 0.232823% 0.000000% 0.794012% 0.000000% 1.026835% 180 Days 0.094251% 0.377003% 1.508011% 1.131008% 3.110273% 0.090614% 0.183156% 1.145066% 0.602224% 2.021060% Totals 4.429783% 0.942507% 3.770028% 1.131008% 10.273327% 4.543176% 0.765923% 3.431373% 0.602224% 9.342696%
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 7.877384% Weighted Average Net Coupon 7.377384% Weighted Average Pass-Through Rate 6.912292% Weighted Average Maturity(Stepdown Calculation ) 347 Beginning Scheduled Collateral Loan Count 5,862 Number Of Loans Paid In Full 161 Ending Scheduled Collateral Loan Count 5,701 Beginning Scheduled Collateral Balance 957,293,148.32 Ending Scheduled Collateral Balance 926,265,621.66 Ending Actual Collateral Balance at 30-Nov-2003 927,024,044.72 Monthly P &I Constant 6,925,654.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 63,585.08 Cumulative Realized Loss 241,861.68 Ending Scheduled Balance for Premium Loans 926,265,621.66 Scheduled Principal 641,516.23 Unscheduled Principal 30,386,010.43
Miscellaneous Reporting Excess Cash Amount 2,460,732.39 Overcollateralization Amount 7,787,028.54 Overcollateralization Deficiency 0.00 Targeted Overcollaterazliation Amount 7,787,028.54
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.908579 7.757732 9.152209 Weighted Average Net Rate 7.408579 7.257732 8.652209 Weighted Average Maturity 347 347 333 Beginning Loan Count 635 3,077 1,051 Loans Paid In Full 14 75 34 Ending Loan Count 621 3,002 1,017 Beginning Scheduled Balance 87,470,123.23 481,876,992.88 113,966,209.14 Ending scheduled Balance 85,675,832.12 467,237,914.70 110,753,474.05 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 658,482.15 3,421,228.87 936,668.51 Scheduled Principal 82,011.84 306,001.85 67,466.42 Unscheduled Principal 1,712,279.27 14,333,076.33 3,145,268.67 Scheduled Interest 576,470.31 3,115,227.02 869,202.09 Servicing Fees 36,445.91 200,782.11 47,485.91 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 364.46 2,007.85 474.82 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 33,458.69 197,394.85 31,005.64 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 506,201.25 2,715,042.21 790,235.72 Realized Loss Amount 0.00 2,049.53 0.00 Cumulative Realized Loss 0.00 125,105.28 0.00 Percentage of Cumulative Losses 0.0000 0.0230 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.944560 6.761167 8.320737
Group Level Collateral Statement Group 2(B) Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.547587 7.877384 Weighted Average Net Rate 7.047587 7.377384 Weighted Average Maturity 333 347 Beginning Loan Count 1,099 5,862 Loans Paid In Full 38 161 Ending Loan Count 1,061 5,701 Beginning Scheduled Balance 273,979,823.07 957,293,148.32 Ending scheduled Balance 262,598,400.79 926,265,621.66 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 1,909,274.81 6,925,654.34 Scheduled Principal 186,036.12 641,516.23 Unscheduled Principal 11,195,386.16 30,386,010.43 Scheduled Interest 1,723,238.69 6,284,138.11 Servicing Fees 114,158.22 398,872.15 Master Servicing Fees 0.00 0.00 Trustee Fee 1,141.53 3,988.66 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 105,176.38 367,035.56 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 1,502,762.56 5,514,241.74 Realized Loss Amount 61,535.55 63,585.08 Cumulative Realized Loss 116,756.40 241,861.68 Percentage of Cumulative Losses 0.0361 0.0217 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.581927 6.912292
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