-----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, Qi0Xr9U6GNURaElWYbQKLW6aCp+a8tM9l2TpnJmlo65q++VgP549J7NnZUapEMsP YqQzt5nE+jLKOUg6K+9w6w== 0001056404-03-001200.txt : 20030709 0001056404-03-001200.hdr.sgml : 20030709 20030709142717 ACCESSION NUMBER: 0001056404-03-001200 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: 20030709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PRIME MORTGAGE TRUST 2003-1 CENTRAL INDEX KEY: 0001236963 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: NY FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-44658-31 FILM NUMBER: 03779889 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 FORMER COMPANY: FORMER CONFORMED NAME: STRUCTURED ASSET MORT INV INC MORT PASS THR CERTS SER 2003-1 DATE OF NAME CHANGE: 20030529 8-K 1 prm03001.txt JUNE 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): June 25, 2003 PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-31 Pooling and Servicing Agreement) (Commission Pending (State or other File Number) IRS EIN jurisdiction of Incorporation) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 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 PRIME MORTGAGE TRUST, Mortgage Pass-Through Certificates, Series 2003-1 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 2003-1 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. PRIME MORTGAGE TRUST Mortgage Pass-Through Certificates, Series 2003-1 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 6/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-1 Trust, relating to the June 25, 2003 distribution. EX-99.1
Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 5/31/03 Distribution Date: 6/25/03 PRM Series: 2003-1 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 74160MAA0 SEN 4.75000% 4,750,000.00 18,802.08 1,162,818.59 A-2 74160MAB8 SEN 1.82000% 13,250,000.00 20,095.83 133,844.24 A-3 74160MAC6 SEN 0.75000% 0.00 44,342.08 0.00 A-4 74160MAD4 SEN 6.18000% 0.00 68,237.50 0.00 A-5 74160MAE2 SEN 4.75000% 110,364,000.00 436,857.50 0.00 A-6 74160MAF9 SEN 5.50000% 23,373,000.00 107,126.25 299,316.49 A-7 74160MAG7 SEN 5.00000% 70,775,143.00 294,896.43 0.00 A-8 74160MAH5 SEN 1.89000% 11,795,857.00 18,578.47 0.00 A-9 74160MAJ1 SEN 6.61000% 0.00 64,975.51 0.00 A-10 74160MAK8 SEN 5.50000% 50,000,000.00 229,166.67 156,853.16 A-11 74160MAL6 SEN 5.45000% 13,375,000.00 60,744.79 0.00 A-12 74160MAM4 SEN 2.52000% 15,655,750.00 32,877.08 767,214.50 A-13 74160MAN2 SEN 12.05600% 7,116,250.00 71,494.59 348,733.87 A-14 74160MAW2 SEN 0.25000% 0.00 3,270.83 0.00 A-15 74160MAX0 SEN 5.25000% 15,700,000.00 68,687.50 0.00 PO 74160MAP7 PO 0.00000% 699,845.00 0.00 1,302.55 X 74160MAQ5 SEN 0.28148% 0.00 81,499.91 0.00 R-I PRM0301R1 SEN 5.50000% 50.00 0.23 50.00 R-II PRM0301R2 SEN 5.50000% 50.00 0.23 50.00 B-1 74160MAT9 SUB 5.50000% 5,385,000.00 24,681.25 5,632.88 B-2 74160MAU6 SUB 5.50000% 1,911,000.00 8,758.75 1,998.97 B-3 74160MAV4 SUB 5.50000% 1,390,000.00 6,370.83 1,453.98 B-4 74160MAY8 SUB 5.50000% 695,000.00 3,185.42 726.99 B-5 74160MAZ5 SUB 5.50000% 521,000.00 2,387.92 544.98 B-6 74160MBA9 SUB 5.50000% 695,761.00 3,188.90 727.79 Totals 347,452,706.00 1,670,226.55 2,881,268.99
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 3,587,181.41 1,181,620.67 0.00 A-2 0.00 13,116,155.76 153,940.07 0.00 A-3 0.00 0.00 44,342.08 0.00 A-4 0.00 0.00 68,237.50 0.00 A-5 0.00 110,364,000.00 436,857.50 0.00 A-6 0.00 23,073,683.51 406,442.74 0.00 A-7 0.00 70,775,143.00 294,896.43 0.00 A-8 0.00 11,795,857.00 18,578.47 0.00 A-9 0.00 0.00 64,975.51 0.00 A-10 0.00 49,843,146.84 386,019.83 0.00 A-11 0.00 13,375,000.00 60,744.79 0.00 A-12 0.00 14,888,535.50 800,091.58 0.00 A-13 0.00 6,767,516.13 420,228.46 0.00 A-14 0.00 0.00 3,270.83 0.00 A-15 0.00 15,700,000.00 68,687.50 0.00 PO 0.00 698,542.45 1,302.55 0.00 X 0.00 0.00 81,499.91 0.00 R-I 0.00 0.00 50.23 0.00 R-II 0.00 0.00 50.23 0.00 B-1 0.00 5,379,367.12 30,314.13 0.00 B-2 0.00 1,909,001.03 10,757.72 0.00 B-3 0.00 1,388,546.02 7,824.81 0.00 B-4 0.00 694,273.01 3,912.41 0.00 B-5 0.00 520,455.02 2,932.90 0.00 B-6 0.00 695,033.21 3,916.69 0.00 Totals 0.00 344,571,437.01 4,551,495.54 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 4,750,000.00 4,750,000.00 142,522.77 1,020,295.82 0.00 0.00 A-2 13,250,000.00 13,250,000.00 16,404.84 117,439.40 0.00 0.00 A-3 0.00 0.00 0.00 0.00 0.00 0.00 A-4 0.00 0.00 0.00 0.00 0.00 0.00 A-5 110,364,000.00 110,364,000.00 0.00 0.00 0.00 0.00 A-6 23,373,000.00 23,373,000.00 36,686.22 262,630.27 0.00 0.00 A-7 70,775,143.00 70,775,143.00 0.00 0.00 0.00 0.00 A-8 11,795,857.00 11,795,857.00 0.00 0.00 0.00 0.00 A-9 0.00 0.00 0.00 0.00 0.00 0.00 A-10 50,000,000.00 50,000,000.00 19,224.96 137,628.20 0.00 0.00 A-11 13,375,000.00 13,375,000.00 0.00 0.00 0.00 0.00 A-12 15,655,750.00 15,655,750.00 94,034.90 673,179.60 0.00 0.00 A-13 7,116,250.00 7,116,250.00 42,743.14 305,990.73 0.00 0.00 A-14 0.00 0.00 0.00 0.00 0.00 0.00 A-15 15,700,000.00 15,700,000.00 0.00 0.00 0.00 0.00 PO 699,845.00 699,845.00 1,292.06 10.49 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 50.00 6.13 43.87 0.00 0.00 R-II 50.00 50.00 6.13 43.87 0.00 0.00 B-1 5,385,000.00 5,385,000.00 5,632.88 0.00 0.00 0.00 B-2 1,911,000.00 1,911,000.00 1,998.97 0.00 0.00 0.00 B-3 1,390,000.00 1,390,000.00 1,453.98 0.00 0.00 0.00 B-4 695,000.00 695,000.00 726.99 0.00 0.00 0.00 B-5 521,000.00 521,000.00 544.98 0.00 0.00 0.00 B-6 695,761.00 695,761.00 727.79 0.00 0.00 0.00 Totals 347,452,706.00 347,452,706.00 364,006.74 2,517,262.25 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 1,162,818.59 3,587,181.41 0.75519609 1,162,818.59 A-2 133,844.24 13,116,155.76 0.98989855 133,844.24 A-3 0.00 0.00 0.00000000 0.00 A-4 0.00 0.00 0.00000000 0.00 A-5 0.00 110,364,000.00 1.00000000 0.00 A-6 299,316.49 23,073,683.51 0.98719392 299,316.49 A-7 0.00 70,775,143.00 1.00000000 0.00 A-8 0.00 11,795,857.00 1.00000000 0.00 A-9 0.00 0.00 0.00000000 0.00 A-10 156,853.16 49,843,146.84 0.99686294 156,853.16 A-11 0.00 13,375,000.00 1.00000000 0.00 A-12 767,214.50 14,888,535.50 0.95099471 767,214.50 A-13 348,733.87 6,767,516.13 0.95099471 348,733.87 A-14 0.00 0.00 0.00000000 0.00 A-15 0.00 15,700,000.00 1.00000000 0.00 PO 1,302.55 698,542.45 0.99813880 1,302.55 X 0.00 0.00 0.00000000 0.00 R-I 50.00 0.00 0.00000000 50.00 R-II 50.00 0.00 0.00000000 50.00 B-1 5,632.88 5,379,367.12 0.99895397 5,632.88 B-2 1,998.97 1,909,001.03 0.99895397 1,998.97 B-3 1,453.98 1,388,546.02 0.99895397 1,453.98 B-4 726.99 694,273.01 0.99895397 726.99 B-5 544.98 520,455.02 0.99895397 544.98 B-6 727.79 695,033.21 0.99895397 727.79 Totals 2,881,268.99 344,571,437.01 0.99170745 2,881,268.99
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 4,750,000.00 1000.00000000 30.00479368 214.79912000 0.00000000 A-2 13,250,000.00 1000.00000000 1.23810113 8.86335094 0.00000000 A-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-5 110,364,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-6 23,373,000.00 1000.00000000 1.56959825 11.23648098 0.00000000 A-7 70,775,143.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-8 11,795,857.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-9 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-10 50,000,000.00 1000.00000000 0.38449920 2.75256400 0.00000000 A-11 13,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-12 15,655,750.00 1000.00000000 6.00641298 42.99887262 0.00000000 A-13 7,116,250.00 1000.00000000 6.00641349 42.99887300 0.00000000 A-14 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-15 15,700,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 PO 699,845.00 1000.00000000 1.84620880 0.01498903 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 1000.00000000 122.60000000 877.40000000 0.00000000 R-II 50.00 1000.00000000 122.60000000 877.40000000 0.00000000 B-1 5,385,000.00 1000.00000000 1.04603157 0.00000000 0.00000000 B-2 1,911,000.00 1000.00000000 1.04603349 0.00000000 0.00000000 B-3 1,390,000.00 1000.00000000 1.04602878 0.00000000 0.00000000 B-4 695,000.00 1000.00000000 1.04602878 0.00000000 0.00000000 B-5 521,000.00 1000.00000000 1.04602687 0.00000000 0.00000000 B-6 695,761.00 1000.00000000 1.04603449 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 A-1 0.00000000 244.80391368 755.19608632 0.75519609 244.80391368 A-2 0.00000000 10.10145208 989.89854792 0.98989855 10.10145208 A-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-6 0.00000000 12.80607924 987.19392076 0.98719392 12.80607924 A-7 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-8 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-9 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-10 0.00000000 3.13706320 996.86293680 0.99686294 3.13706320 A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-12 0.00000000 49.00528560 950.99471440 0.95099471 49.00528560 A-13 0.00000000 49.00528649 950.99471351 0.95099471 49.00528649 A-14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-15 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 PO 0.00000000 1.86119784 998.13880216 0.99813880 1.86119784 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-II 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 B-1 0.00000000 1.04603157 998.95396843 0.99895397 1.04603157 B-2 0.00000000 1.04603349 998.95396651 0.99895397 1.04603349 B-3 0.00000000 1.04602878 998.95397122 0.99895397 1.04602878 B-4 0.00000000 1.04602878 998.95397122 0.99895397 1.04602878 B-5 0.00000000 1.04602687 998.95397313 0.99895397 1.04602687 B-6 0.00000000 1.04603449 998.95396551 0.99895397 1.04603449 (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 4,750,000.00 4.75000% 4,750,000.00 18,802.08 0.00 0.00 A-2 13,250,000.00 1.82000% 13,250,000.00 20,095.83 0.00 0.00 A-3 0.00 0.75000% 70,947,333.00 44,342.08 0.00 0.00 A-4 0.00 6.18000% 13,250,000.00 68,237.50 0.00 0.00 A-5 110,364,000.00 4.75000% 110,364,000.00 436,857.50 0.00 0.00 A-6 23,373,000.00 5.50000% 23,373,000.00 107,126.25 0.00 0.00 A-7 70,775,143.00 5.00000% 70,775,143.00 294,896.43 0.00 0.00 A-8 11,795,857.00 1.89000% 11,795,857.00 18,578.47 0.00 0.00 A-9 0.00 6.61000% 11,795,857.00 64,975.51 0.00 0.00 A-10 50,000,000.00 5.50000% 50,000,000.00 229,166.67 0.00 0.00 A-11 13,375,000.00 5.45000% 13,375,000.00 60,744.79 0.00 0.00 A-12 15,655,750.00 2.52000% 15,655,750.00 32,877.08 0.00 0.00 A-13 7,116,250.00 12.05600% 7,116,250.00 71,494.59 0.00 0.00 A-14 0.00 0.25000% 15,700,000.00 3,270.83 0.00 0.00 A-15 15,700,000.00 5.25000% 15,700,000.00 68,687.50 0.00 0.00 PO 699,845.00 0.00000% 699,845.00 0.00 0.00 0.00 X 0.00 0.28148% 347,452,706.00 81,499.91 0.00 0.00 R-I 50.00 5.50000% 50.00 0.23 0.00 0.00 R-II 50.00 5.50000% 50.00 0.23 0.00 0.00 B-1 5,385,000.00 5.50000% 5,385,000.00 24,681.25 0.00 0.00 B-2 1,911,000.00 5.50000% 1,911,000.00 8,758.75 0.00 0.00 B-3 1,390,000.00 5.50000% 1,390,000.00 6,370.83 0.00 0.00 B-4 695,000.00 5.50000% 695,000.00 3,185.42 0.00 0.00 B-5 521,000.00 5.50000% 521,000.00 2,387.92 0.00 0.00 B-6 695,761.00 5.50000% 695,761.00 3,188.90 0.00 0.00 Totals 347,452,706.00 1,670,226.55 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 18,802.08 0.00 3,587,181.41 A-2 0.00 0.00 20,095.83 0.00 13,116,155.76 A-3 0.00 0.00 44,342.08 0.00 70,230,661.90 A-4 0.00 0.00 68,237.50 0.00 13,116,155.76 A-5 0.00 0.00 436,857.50 0.00 110,364,000.00 A-6 0.00 0.00 107,126.25 0.00 23,073,683.51 A-7 0.00 0.00 294,896.43 0.00 70,775,143.00 A-8 0.00 0.00 18,578.47 0.00 11,795,857.00 A-9 0.00 0.00 64,975.51 0.00 11,795,857.00 A-10 0.00 0.00 229,166.67 0.00 49,843,146.84 A-11 0.00 0.00 60,744.79 0.00 13,375,000.00 A-12 0.00 0.00 32,877.08 0.00 14,888,535.50 A-13 0.00 0.00 71,494.59 0.00 6,767,516.13 A-14 0.00 0.00 3,270.83 0.00 15,700,000.00 A-15 0.00 0.00 68,687.50 0.00 15,700,000.00 PO 0.00 0.00 0.00 0.00 698,542.45 X 0.00 0.00 81,499.91 0.00 344,571,437.00 R-I 0.00 0.00 0.23 0.00 0.00 R-II 0.00 0.00 0.23 0.00 0.00 B-1 0.00 0.00 24,681.25 0.00 5,379,367.12 B-2 0.00 0.00 8,758.75 0.00 1,909,001.03 B-3 0.00 0.00 6,370.83 0.00 1,388,546.02 B-4 0.00 0.00 3,185.42 0.00 694,273.01 B-5 0.00 0.00 2,387.92 0.00 520,455.02 B-6 0.00 0.00 3,188.90 0.00 695,033.21 Totals 0.00 0.00 1,670,226.55 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 4,750,000.00 4.75000% 1000.00000000 3.95833263 0.00000000 0.00000000 A-2 13,250,000.00 1.82000% 1000.00000000 1.51666642 0.00000000 0.00000000 A-3 0.00 0.75000% 1000.00000000 0.62499996 0.00000000 0.00000000 A-4 0.00 6.18000% 1000.00000000 5.15000000 0.00000000 0.00000000 A-5 110,364,000.00 4.75000% 1000.00000000 3.95833333 0.00000000 0.00000000 A-6 23,373,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 A-7 70,775,143.00 5.00000% 1000.00000000 4.16666668 0.00000000 0.00000000 A-8 11,795,857.00 1.89000% 1000.00000000 1.57499960 0.00000000 0.00000000 A-9 0.00 6.61000% 1000.00000000 5.50833314 0.00000000 0.00000000 A-10 50,000,000.00 5.50000% 1000.00000000 4.58333340 0.00000000 0.00000000 A-11 13,375,000.00 5.45000% 1000.00000000 4.54166654 0.00000000 0.00000000 A-12 15,655,750.00 2.52000% 1000.00000000 2.10000032 0.00000000 0.00000000 A-13 7,116,250.00 12.05600% 1000.00000000 10.04666643 0.00000000 0.00000000 A-14 0.00 0.25000% 1000.00000000 0.20833312 0.00000000 0.00000000 A-15 15,700,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 PO 699,845.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 X 0.00 0.28148% 1000.00000000 0.23456404 0.00000000 0.00000000 R-I 50.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000 R-II 50.00 5.50000% 1000.00000000 4.60000000 0.00000000 0.00000000 B-1 5,385,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 B-2 1,911,000.00 5.50000% 1000.00000000 4.58333333 0.00000000 0.00000000 B-3 1,390,000.00 5.50000% 1000.00000000 4.58333094 0.00000000 0.00000000 B-4 695,000.00 5.50000% 1000.00000000 4.58333813 0.00000000 0.00000000 B-5 521,000.00 5.50000% 1000.00000000 4.58333973 0.00000000 0.00000000 B-6 695,761.00 5.50000% 1000.00000000 4.58332675 0.00000000 0.00000000 (5) Per $1 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 3.95833263 0.00000000 755.19608632 A-2 0.00000000 0.00000000 1.51666642 0.00000000 989.89854792 A-3 0.00000000 0.00000000 0.62499996 0.00000000 989.89854770 A-4 0.00000000 0.00000000 5.15000000 0.00000000 989.89854792 A-5 0.00000000 0.00000000 3.95833333 0.00000000 1000.00000000 A-6 0.00000000 0.00000000 4.58333333 0.00000000 987.19392076 A-7 0.00000000 0.00000000 4.16666668 0.00000000 1000.00000000 A-8 0.00000000 0.00000000 1.57499960 0.00000000 1000.00000000 A-9 0.00000000 0.00000000 5.50833314 0.00000000 1000.00000000 A-10 0.00000000 0.00000000 4.58333340 0.00000000 996.86293680 A-11 0.00000000 0.00000000 4.54166654 0.00000000 1000.00000000 A-12 0.00000000 0.00000000 2.10000032 0.00000000 950.99471440 A-13 0.00000000 0.00000000 10.04666643 0.00000000 950.99471351 A-14 0.00000000 0.00000000 0.20833312 0.00000000 1000.00000000 A-15 0.00000000 0.00000000 4.37500000 0.00000000 1000.00000000 PO 0.00000000 0.00000000 0.00000000 0.00000000 998.13880216 X 0.00000000 0.00000000 0.23456404 0.00000000 991.70744982 R-I 0.00000000 0.00000000 4.60000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 4.60000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.58333333 0.00000000 998.95396843 B-2 0.00000000 0.00000000 4.58333333 0.00000000 998.95396651 B-3 0.00000000 0.00000000 4.58333094 0.00000000 998.95397122 B-4 0.00000000 0.00000000 4.58333813 0.00000000 998.95397122 B-5 0.00000000 0.00000000 4.58333973 0.00000000 998.95397313 B-6 0.00000000 0.00000000 4.58332675 0.00000000 998.95396551 (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 4,592,287.22 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 32,205.77 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 4,624,492.99 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 72,997.45 Payment of Interest and Principal 4,551,495.54 Total Withdrawals (Pool Distribution Amount) 4,624,492.99 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 2,283.99 Servicing Fee Support 2,283.99 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 72,385.98 Master Servicing Fee 2,895.46 Supported Prepayment/Curtailment Interest Shortfall 2,283.99 Net Servicing Fee 72,997.45
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance MBIA Insurance Fund 0.00 0.00 0.00 0.00 Reserve Fund 20,000.00 0.00 0.00 20,000.00 Rounding Account 999.99 0.00 0.00 999.99
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 13 0 0 0 13 5,447,658.18 0.00 0.00 0.00 5,447,658.18 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 13 0 0 0 13 5,447,658.18 0.00 0.00 0.00 5,447,658.18 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 1.747312% 0.000000% 0.000000% 0.000000% 1.747312% 1.579684% 0.000000% 0.000000% 0.000000% 1.579684% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 1.747312% 0.000000% 0.000000% 0.000000% 1.747312% 1.579684% 0.000000% 0.000000% 0.000000% 1.579684%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 32,205.77
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,297,706.00 3.25158095% 11,285,217.86 3.27514606% 96.921341% 100.000000% Class R-I 11,297,656.00 3.25156656% 11,285,217.86 3.27514606% 0.000000% 0.000000% Class R-II 11,297,606.00 3.25155217% 11,285,217.86 3.27514606% 0.000000% 0.000000% Class X 10,597,761.00 3.05013051% 10,586,675.41 3.07241816% 0.000000% 0.000000% Class B-1 5,212,761.00 1.50027929% 5,207,308.29 1.51124200% 1.564348% 0.000000% Class B-2 3,301,761.00 0.95027638% 3,298,307.26 0.95722016% 0.555147% 0.000000% Class B-3 1,911,761.00 0.55022193% 1,909,761.24 0.55424247% 0.403796% 0.000000% Class B-4 1,216,761.00 0.35019471% 1,215,488.23 0.35275362% 0.201898% 0.000000% Class B-5 695,761.00 0.20024625% 695,033.21 0.20170947% 0.151351% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.202119% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
COLLATERAL STATEMENT Collateral Description Fixed 30 Year Weighted Average Gross Coupon 6.030399% Weighted Average Pass-Through Rate 5.770399% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 748 Number Of Loans Paid In Full 4 Ending Scheduled Collateral Loan Count 744 Beginning Scheduled Collateral Balance 347,452,706.00 Ending Scheduled Collateral Balance 344,571,437.10 Ending Actual Collateral Balance at 31-May-2003 344,857,396.76 Monthly P &I Constant 2,110,072.21 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 4,490,534.33 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 344,571,437.10 Scheduled Principal 364,006.75 Unscheduled Principal 2,517,262.25
Miscellaneous Reporting Average Loss Severity 0.00 MBIA Premium Amount 557.29 Senior Prepayment Percentage 100.000000% Senior Percentage 96.943713% Subordinate Percentage 3.056287% Subordinate Prepayment Percentage 0.000000%
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