-----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, GHpmfgtsFdlkMqCiEtqwUkPppCKB2jqrb7MCoojyjKs39w9PCn2iy/ke+O46umAK F+NXezbR1PeGBm+onoNlzA== 0001056404-03-001420.txt : 20030811 0001056404-03-001420.hdr.sgml : 20030811 20030808182402 ACCESSION NUMBER: 0001056404-03-001420 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030811 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: 03832881 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 JULY 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): July 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, (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 July 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 July 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: 8/1/03 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 July 25, 2003 distribution. EX-99.1
Prime Mortgage Pass Through Certificates Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 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% 3,587,181.41 14,199.26 3,587,181.41 A-2 74160MAB8 SEN 1.53500% 13,116,155.76 16,777.75 533,277.99 A-3 74160MAC6 SEN 0.75000% 0.00 43,894.16 0.00 A-4 74160MAD4 SEN 6.46500% 0.00 70,663.29 0.00 A-5 74160MAE2 SEN 4.75000% 110,364,000.00 436,857.50 1,045,857.28 A-6 74160MAF9 SEN 5.50000% 23,073,683.51 105,754.38 339,807.89 A-7 74160MAG7 SEN 5.00000% 70,775,143.00 294,896.43 0.00 A-8 74160MAH5 SEN 1.60500% 11,795,857.00 15,776.96 0.00 A-9 74160MAJ1 SEN 6.89500% 0.00 67,777.03 0.00 A-10 74160MAK8 SEN 5.50000% 49,843,146.84 228,447.76 212,864.79 A-11 74160MAL6 SEN 5.45000% 13,375,000.00 60,744.79 0.00 A-12 74160MAM4 SEN 2.52000% 14,888,535.50 31,265.92 3,926,412.19 A-13 74160MAN2 SEN 12.05600% 6,767,516.13 67,990.98 1,784,732.81 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% 698,542.45 0.00 39,358.54 X 74160MAQ5 SEN 0.28038% 0.00 80,508.75 0.00 R-I PRM0301R1 SEN 5.50000% 0.00 0.00 0.00 R-II PRM0301R2 SEN 5.50000% 0.00 0.00 0.00 B-1 74160MAT9 SUB 5.50000% 5,379,367.12 24,655.43 5,671.93 B-2 74160MAU6 SUB 5.50000% 1,909,001.03 8,749.59 2,012.82 B-3 74160MAV4 SUB 5.50000% 1,388,546.02 6,364.17 1,464.06 B-4 74160MAY8 SUB 5.50000% 694,273.01 3,182.08 732.03 B-5 74160MAZ5 SUB 5.50000% 520,455.02 2,385.42 548.76 B-6 74160MBA9 SUB 5.50000% 695,033.21 3,185.57 732.83 Totals 344,571,437.01 1,656,035.55 11,480,655.33
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 0.00 3,601,380.67 0.00 A-2 0.00 12,582,877.77 550,055.74 0.00 A-3 0.00 0.00 43,894.16 0.00 A-4 0.00 0.00 70,663.29 0.00 A-5 0.00 109,318,142.72 1,482,714.78 0.00 A-6 0.00 22,733,875.62 445,562.27 0.00 A-7 0.00 70,775,143.00 294,896.43 0.00 A-8 0.00 11,795,857.00 15,776.96 0.00 A-9 0.00 0.00 67,777.03 0.00 A-10 0.00 49,630,282.05 441,312.55 0.00 A-11 0.00 13,375,000.00 60,744.79 0.00 A-12 0.00 10,962,123.31 3,957,678.11 0.00 A-13 0.00 4,982,783.32 1,852,723.79 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 0.00 659,183.91 39,358.54 0.00 X 0.00 0.00 80,508.75 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 B-1 0.00 5,373,695.18 30,327.36 0.00 B-2 0.00 1,906,988.21 10,762.41 0.00 B-3 0.00 1,387,081.95 7,828.23 0.00 B-4 0.00 693,540.98 3,914.11 0.00 B-5 0.00 519,906.26 2,934.18 0.00 B-6 0.00 694,300.38 3,918.40 0.00 Totals 0.00 333,090,781.66 13,136,690.88 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 3,587,181.41 110,285.69 3,476,895.72 0.00 0.00 A-2 13,250,000.00 13,116,155.76 16,395.31 516,882.69 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 32,154.24 1,013,703.04 0.00 0.00 A-6 23,373,000.00 23,073,683.51 10,447.19 329,360.70 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 49,843,146.84 6,544.40 206,320.39 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 14,888,535.50 120,715.14 3,805,697.05 0.00 0.00 A-13 7,116,250.00 6,767,516.13 54,870.52 1,729,862.30 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 699,845.00 698,542.45 1,297.99 38,060.56 0.00 0.00 X 0.00 0.00 0.00 0.00 0.00 0.00 R-I 50.00 0.00 0.00 0.00 0.00 0.00 R-II 50.00 0.00 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5,379,367.12 5,671.93 0.00 0.00 0.00 B-2 1,911,000.00 1,909,001.03 2,012.82 0.00 0.00 0.00 B-3 1,390,000.00 1,388,546.02 1,464.06 0.00 0.00 0.00 B-4 695,000.00 694,273.01 732.03 0.00 0.00 0.00 B-5 521,000.00 520,455.02 548.76 0.00 0.00 0.00 B-6 695,761.00 695,033.21 732.83 0.00 0.00 0.00 Totals 347,452,706.00 344,571,437.01 363,872.91 11,116,782.45 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 3,587,181.41 0.00 0.00000000 3,587,181.41 A-2 533,277.99 12,582,877.77 0.94965115 533,277.99 A-3 0.00 0.00 0.00000000 0.00 A-4 0.00 0.00 0.00000000 0.00 A-5 1,045,857.28 109,318,142.72 0.99052356 1,045,857.28 A-6 339,807.89 22,733,875.62 0.97265544 339,807.89 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-10 212,864.79 49,630,282.05 0.99260564 212,864.79 A-11 0.00 13,375,000.00 1.00000000 0.00 A-12 3,926,412.19 10,962,123.31 0.70019790 3,926,412.19 A-13 1,784,732.81 4,982,783.32 0.70019790 1,784,732.81 A-14 0.00 0.00 0.00000000 0.00 A-15 0.00 15,700,000.00 1.00000000 0.00 PO 39,358.54 659,183.91 0.94189986 39,358.54 X 0.00 0.00 0.00000000 0.00 R-I 0.00 0.00 0.00000000 0.00 R-II 0.00 0.00 0.00000000 0.00 B-1 5,671.93 5,373,695.18 0.99790068 5,671.93 B-2 2,012.82 1,906,988.21 0.99790069 2,012.82 B-3 1,464.06 1,387,081.95 0.99790068 1,464.06 B-4 732.03 693,540.98 0.99790069 732.03 B-5 548.76 519,906.26 0.99790069 548.76 B-6 732.83 694,300.38 0.99790069 732.83 Totals 11,480,655.33 333,090,781.66 0.95866510 11,480,655.33
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 4,750,000.00 755.19608632 23.21804000 731.97804632 0.00000000 A-2 13,250,000.00 989.89854792 1.23738189 39.01001434 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 0.29134718 9.18508789 0.00000000 A-6 23,373,000.00 987.19392076 0.44697685 14.09150302 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 50,000,000.00 996.86293680 0.13088800 4.12640780 0.00000000 A-11 13,375,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-12 15,655,750.00 950.99471440 7.71059451 243.08621752 0.00000000 A-13 7,116,250.00 950.99471351 7.71059477 243.08621816 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 699,845.00 998.13880216 1.85468211 54.38427080 0.00000000 X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-I 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 998.95396843 1.05328319 0.00000000 0.00000000 B-2 1,911,000.00 998.95396651 1.05328100 0.00000000 0.00000000 B-3 1,390,000.00 998.95397122 1.05328058 0.00000000 0.00000000 B-4 695,000.00 998.95397122 1.05328058 0.00000000 0.00000000 B-5 521,000.00 998.95397313 1.05328215 0.00000000 0.00000000 B-6 695,761.00 998.95396551 1.05327835 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 755.19608632 0.00000000 0.00000000 755.19608632 A-2 0.00000000 40.24739547 949.65115245 0.94965115 40.24739547 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 9.47643507 990.52356493 0.99052356 9.47643507 A-6 0.00000000 14.53847987 972.65544089 0.97265544 14.53847987 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 4.25729580 992.60564100 0.99260564 4.25729580 A-11 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-12 0.00000000 250.79681203 700.19790237 0.70019790 250.79681203 A-13 0.00000000 250.79681152 700.19790198 0.70019790 250.79681152 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 56.23893862 941.89986354 0.94189986 56.23893862 X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 1.05328319 997.90068338 0.99790068 1.05328319 B-2 0.00000000 1.05328100 997.90068550 0.99790069 1.05328100 B-3 0.00000000 1.05328058 997.90068345 0.99790068 1.05328058 B-4 0.00000000 1.05328058 997.90069065 0.99790069 1.05328058 B-5 0.00000000 1.05328215 997.90069098 0.99790069 1.05328215 B-6 0.00000000 1.05327835 997.90068716 0.99790069 1.05327835 (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% 3,587,181.41 14,199.26 0.00 0.00 A-2 13,250,000.00 1.53500% 13,116,155.76 16,777.75 0.00 0.00 A-3 0.00 0.75000% 70,230,661.90 43,894.16 0.00 0.00 A-4 0.00 6.46500% 13,116,155.76 70,663.29 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% 23,073,683.51 105,754.38 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 1.60500% 11,795,857.00 15,776.96 0.00 0.00 A-9 0.00 6.89500% 11,795,857.00 67,777.03 0.00 0.00 A-10 50,000,000.00 5.50000% 49,843,146.84 228,447.76 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% 14,888,535.50 31,265.92 0.00 0.00 A-13 7,116,250.00 12.05600% 6,767,516.13 67,990.98 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% 698,542.45 0.00 0.00 0.00 X 0.00 0.28038% 344,571,437.00 80,508.75 0.00 0.00 R-I 50.00 5.50000% 0.00 0.00 0.00 0.00 R-II 50.00 5.50000% 0.00 0.00 0.00 0.00 B-1 5,385,000.00 5.50000% 5,379,367.12 24,655.43 0.00 0.00 B-2 1,911,000.00 5.50000% 1,909,001.03 8,749.59 0.00 0.00 B-3 1,390,000.00 5.50000% 1,388,546.02 6,364.17 0.00 0.00 B-4 695,000.00 5.50000% 694,273.01 3,182.08 0.00 0.00 B-5 521,000.00 5.50000% 520,455.02 2,385.42 0.00 0.00 B-6 695,761.00 5.50000% 695,033.21 3,185.57 0.00 0.00 Totals 347,452,706.00 1,656,035.55 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 14,199.26 0.00 0.00 A-2 0.00 0.00 16,777.75 0.00 12,582,877.77 A-3 0.00 0.00 43,894.16 0.00 67,375,216.52 A-4 0.00 0.00 70,663.29 0.00 12,582,877.77 A-5 0.00 0.00 436,857.50 0.00 109,318,142.72 A-6 0.00 0.00 105,754.38 0.00 22,733,875.62 A-7 0.00 0.00 294,896.43 0.00 70,775,143.00 A-8 0.00 0.00 15,776.96 0.00 11,795,857.00 A-9 0.00 0.00 67,777.03 0.00 11,795,857.00 A-10 0.00 0.00 228,447.76 0.00 49,630,282.05 A-11 0.00 0.00 60,744.79 0.00 13,375,000.00 A-12 0.00 0.00 31,265.92 0.00 10,962,123.31 A-13 0.00 0.00 67,990.98 0.00 4,982,783.32 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 0.00 659,183.91 X 0.00 0.00 80,508.75 0.00 333,090,781.65 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 B-1 0.00 0.00 24,655.43 0.00 5,373,695.18 B-2 0.00 0.00 8,749.59 0.00 1,906,988.21 B-3 0.00 0.00 6,364.17 0.00 1,387,081.95 B-4 0.00 0.00 3,182.08 0.00 693,540.98 B-5 0.00 0.00 2,385.42 0.00 519,906.26 B-6 0.00 0.00 3,185.57 0.00 694,300.38 Totals 0.00 0.00 1,656,035.55 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% 755.19608632 2.98931789 0.00000000 0.00000000 A-2 13,250,000.00 1.53500% 989.89854792 1.26624528 0.00000000 0.00000000 A-3 0.00 0.75000% 989.89854770 0.61868654 0.00000000 0.00000000 A-4 0.00 6.46500% 989.89854792 5.33307849 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% 987.19392076 4.52463869 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 1.60500% 1000.00000000 1.33750011 0.00000000 0.00000000 A-9 0.00 6.89500% 1000.00000000 5.74583347 0.00000000 0.00000000 A-10 50,000,000.00 5.50000% 996.86293680 4.56895520 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% 950.99471440 1.99708861 0.00000000 0.00000000 A-13 7,116,250.00 12.05600% 950.99471351 9.55432707 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% 998.13880216 0.00000000 0.00000000 0.00000000 X 0.00 0.28038% 991.70744982 0.23171139 0.00000000 0.00000000 R-I 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 5.50000% 0.00000000 0.00000000 0.00000000 0.00000000 B-1 5,385,000.00 5.50000% 998.95396843 4.57853853 0.00000000 0.00000000 B-2 1,911,000.00 5.50000% 998.95396651 4.57854003 0.00000000 0.00000000 B-3 1,390,000.00 5.50000% 998.95397122 4.57853957 0.00000000 0.00000000 B-4 695,000.00 5.50000% 998.95397122 4.57853237 0.00000000 0.00000000 B-5 521,000.00 5.50000% 998.95397313 4.57854127 0.00000000 0.00000000 B-6 695,761.00 5.50000% 998.95396551 4.57854062 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 2.98931789 0.00000000 0.00000000 A-2 0.00000000 0.00000000 1.26624528 0.00000000 949.65115245 A-3 0.00000000 0.00000000 0.61868654 0.00000000 949.65115207 A-4 0.00000000 0.00000000 5.33307849 0.00000000 949.65115245 A-5 0.00000000 0.00000000 3.95833333 0.00000000 990.52356493 A-6 0.00000000 0.00000000 4.52463869 0.00000000 972.65544089 A-7 0.00000000 0.00000000 4.16666668 0.00000000 1000.00000000 A-8 0.00000000 0.00000000 1.33750011 0.00000000 1000.00000000 A-9 0.00000000 0.00000000 5.74583347 0.00000000 1000.00000000 A-10 0.00000000 0.00000000 4.56895520 0.00000000 992.60564100 A-11 0.00000000 0.00000000 4.54166654 0.00000000 1000.00000000 A-12 0.00000000 0.00000000 1.99708861 0.00000000 700.19790237 A-13 0.00000000 0.00000000 9.55432707 0.00000000 700.19790198 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 941.89986354 X 0.00000000 0.00000000 0.23171139 0.00000000 958.66509570 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 B-1 0.00000000 0.00000000 4.57853853 0.00000000 997.90068338 B-2 0.00000000 0.00000000 4.57854003 0.00000000 997.90068550 B-3 0.00000000 0.00000000 4.57853957 0.00000000 997.90068345 B-4 0.00000000 0.00000000 4.57853237 0.00000000 997.90069065 B-5 0.00000000 0.00000000 4.57854127 0.00000000 997.90069098 B-6 0.00000000 0.00000000 4.57854062 0.00000000 997.90068716 (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 13,199,825.92 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 14,717.14 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,214,543.06 Withdrawals Reimbursement for Servicer Advances 32,205.77 Payment of Service Fee 45,646.41 Payment of Interest and Principal 13,136,690.88 Total Withdrawals (Pool Distribution Amount) 13,214,543.06 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 29,010.77 Servicing Fee Support 29,010.77 Non-Supported Prepayment/Curtailment Interest Shortfall 0.00
SERVICING FEES Gross Servicing Fee 71,785.74 Master Servicing Fee 2,871.44 Supported Prepayment/Curtailment Interest Shortfall 29,010.77 Net Servicing Fee 45,646.41
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 6 0 0 0 6 2,478,728.44 0.00 0.00 0.00 2,478,728.44 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 6 0 0 0 6 2,478,728.44 0.00 0.00 0.00 2,478,728.44 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 0.833333% 0.000000% 0.000000% 0.000000% 0.833333% 0.743518% 0.000000% 0.000000% 0.000000% 0.743518% 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 0.833333% 0.000000% 0.000000% 0.000000% 0.833333% 0.743518% 0.000000% 0.000000% 0.000000% 0.743518%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 14,717.14
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 11,297,706.00 3.25158095% 11,234,696.87 3.37286334% 96.818740% 100.000000% Class R-I 11,297,656.00 3.25156656% 11,234,696.87 3.37286334% 0.000000% 0.000000% Class R-II 11,297,606.00 3.25155217% 11,234,696.87 3.37286334% 0.000000% 0.000000% Class X 10,597,761.00 3.05013051% 10,575,512.96 3.17496417% 0.000000% 0.000000% Class B-1 5,212,761.00 1.50027929% 5,201,817.78 1.56168170% 1.616481% 0.000000% Class B-2 3,301,761.00 0.95027638% 3,294,829.57 0.98916864% 0.573648% 0.000000% Class B-3 1,911,761.00 0.55022193% 1,907,747.62 0.57274104% 0.417253% 0.000000% Class B-4 1,216,761.00 0.35019471% 1,214,206.64 0.36452724% 0.208627% 0.000000% Class B-5 695,761.00 0.20024625% 694,300.38 0.20844179% 0.156395% 0.000000% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.208855% 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 6.029229% Weighted Average Pass-Through Rate 5.769229% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 744 Number Of Loans Paid In Full 24 Ending Scheduled Collateral Loan Count 720 Beginning Scheduled Collateral Balance 344,571,437.10 Ending Scheduled Collateral Balance 333,090,781.75 Ending Actual Collateral Balance at 30-Jun-2003 333,378,358.99 Monthly P &I Constant 2,095,122.92 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 13,037,647.67 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 333,090,781.75 Scheduled Principal 363,872.91 Unscheduled Principal 11,116,782.44
Miscellaneous Reporting Average Loss Severity 0.00 MBIA Premium Amount 557.29 Senior Prepayment Percentage 100.000000% Senior Percentage 96.921341% Subordinate Percentage 3.078659% Subordinate Prepayment Percentage 0.000000%
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