-----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, DrbuGLPlcebr+OUIZu8lwrU9ADW43DevVLXxMK7dCcWB50AjQqmzZXuG3PM8/tVS Y4bgILpmiQa2RGah78DYZg== 0001056404-04-001663.txt : 20040521 0001056404-04-001663.hdr.sgml : 20040521 20040521093521 ACCESSION NUMBER: 0001056404-04-001663 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040520 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040521 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET MORTGAGE INVESTMENTS TRUST 2003-AR1 CENTRAL INDEX KEY: 0001237234 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-68542-20 FILM NUMBER: 04822776 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 sam03ar1.txt MAY 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): May 19, 2004 STRUCTURED ASSET MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-AR1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-68542-20 54-2120419 Pooling and Servicing Agreement) (Commission 54-2120420 (State or other File Number) 54-2120418 jurisdiction IRS EIN of Incorporation) c/o Wells Fargo Bank, 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 May 19, 2004 a distribution was made to holders of STRUCTURED ASSET MORTGAGE INVESTMENTS INC., Mortgage Pass-Through Certificates, Series 2003-AR1 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-AR1 Trust, relating to the May 19, 2004 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 MORTGAGE INVESTMENTS INC. Mortgage Pass-Through Certificates, Series 2003-AR1 Trust By: Wells Fargo Bank, N.A. as Master Servicer By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 5/19/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-AR1 Trust, relating to the May 19, 2004 distribution. EX-99.1
Structured Asset Mortgage Investments Inc. Mortgage Pass-Through Certificates Record Date: 4/30/04 Distribution Date: 5/19/04 SAM Series: 2003-AR1 Contact: Customer Service - CTSLink Wells Fargo Bank, 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 A-1 86358HRV3 SEN 1.47000% 208,100,668.54 254,923.32 3,118,292.04 A-2 86358HRW1 SEN 3.03103% 73,107,530.12 184,659.45 2,182,290.30 A-3 86358HRX9 SEN 1.52000% 75,062,398.42 95,079.04 3,891,114.34 A-3M 86358HRY7 SEN 1.85000% 1,876,589.64 2,893.08 97,279.40 A-4 86358HRZ4 SEN 2.97500% 24,730,937.63 61,312.12 588,238.97 A-5 86358HSA8 SEN 3.34100% 13,562,704.07 37,760.83 872,197.02 X-1 86358HSB6 SEN 1.31155% 0.00 392,789.55 0.00 R-I 86358HSH3 RES 3.03980% 0.00 0.00 0.00 R-II 86358HSJ9 RES 3.03980% 0.00 0.00 0.00 R-III 86358HSK6 RES 3.03980% 0.00 0.00 0.00 M 86358HSD2 MEZ 1.90000% 17,611,753.74 27,885.28 11,454.55 B-1 86358HSE0 SUB 2.10000% 7,980,366.25 13,965.64 5,190.37 B-2 86358HSF7 SUB 2.10000% 6,054,108.61 10,594.69 3,937.55 B-3 86358HSG5 SUB 2.10000% 4,402,988.08 7,705.23 2,863.67 B-4 86358HSL4 SUB 3.04535% 1,926,257.64 4,888.43 1,252.82 B-5 86358HSM2 SUB 3.04535% 1,375,884.13 3,491.70 894.86 B-6 86358HSN0 SUB 3.04535% 3,302,429.89 8,380.87 2,147.88 Totals 439,094,616.76 1,106,329.23 10,777,153.77
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 204,982,376.50 3,373,215.36 0.00 A-2 0.00 70,925,239.82 2,366,949.75 0.00 A-3 0.00 71,171,284.08 3,986,193.38 0.00 A-3M 0.00 1,779,310.24 100,172.48 0.00 A-4 0.00 24,142,698.66 649,551.09 0.00 A-5 0.00 12,690,507.05 909,957.85 0.00 X-1 0.00 0.00 392,789.55 0.00 R-I 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 M 0.00 17,600,299.19 39,339.83 0.00 B-1 0.00 7,975,175.88 19,156.01 0.00 B-2 0.00 6,050,171.07 14,532.24 0.00 B-3 0.00 4,400,124.41 10,568.90 0.00 B-4 0.00 1,925,004.82 6,141.25 0.00 B-5 0.00 1,374,989.27 4,386.56 0.00 B-6 0.00 3,300,282.02 10,528.75 0.00 Totals 0.00 428,317,463.01 11,883,483.00 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-1 230,624,800.00 208,100,668.54 0.00 3,118,292.04 0.00 0.00 A-2 87,637,500.00 73,107,530.12 19,911.23 2,162,379.07 0.00 0.00 A-3 132,789,900.00 75,062,398.42 130,559.88 3,760,554.46 0.00 0.00 A-3M 3,319,800.00 1,876,589.64 3,264.05 94,015.35 0.00 0.00 A-4 36,541,400.00 24,730,937.63 36,572.76 551,666.21 0.00 0.00 A-5 20,424,100.00 13,562,704.07 14,050.95 858,146.07 0.00 0.00 X-1 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 R-III 50.00 0.00 0.00 0.00 0.00 0.00 M 17,737,400.00 17,611,753.74 11,454.55 0.00 0.00 0.00 B-1 8,037,300.00 7,980,366.25 5,190.37 0.00 0.00 0.00 B-2 6,097,300.00 6,054,108.61 3,937.55 0.00 0.00 0.00 B-3 4,434,400.00 4,402,988.08 2,863.67 0.00 0.00 0.00 B-4 1,940,000.00 1,926,257.64 1,252.82 0.00 0.00 0.00 B-5 1,385,700.00 1,375,884.13 894.86 0.00 0.00 0.00 B-6 3,325,990.36 3,302,429.89 2,147.88 0.00 0.00 0.00 Totals 554,295,740.36 439,094,616.76 232,100.57 10,545,053.20 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 3,118,292.04 204,982,376.50 0.88881324 3,118,292.04 A-2 2,182,290.30 70,925,239.82 0.80930241 2,182,290.30 A-3 3,891,114.34 71,171,284.08 0.53596911 3,891,114.34 A-3M 97,279.40 1,779,310.24 0.53596911 97,279.40 A-4 588,238.97 24,142,698.66 0.66069441 588,238.97 A-5 872,197.02 12,690,507.05 0.62134963 872,197.02 X-1 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 R-III 0.00 0.00 0.00000000 0.00 M 11,454.55 17,600,299.19 0.99227052 11,454.55 B-1 5,190.37 7,975,175.88 0.99227052 5,190.37 B-2 3,937.55 6,050,171.07 0.99227052 3,937.55 B-3 2,863.67 4,400,124.41 0.99227052 2,863.67 B-4 1,252.82 1,925,004.82 0.99227053 1,252.82 B-5 894.86 1,374,989.27 0.99227053 894.86 B-6 2,147.88 3,300,282.02 0.99227047 2,147.88 Totals 10,777,153.77 428,317,463.01 0.77272371 10,777,153.77
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 230,624,800.00 902.33430464 0.00000000 13.52106122 0.00000000 A-2 87,637,500.00 834.20373835 0.22719989 24.67413002 0.00000000 A-3 132,789,900.00 565.27189508 0.98320640 28.31958199 0.00000000 A-3M 3,319,800.00 565.27189590 0.98320682 28.31958250 0.00000000 A-4 36,541,400.00 676.79228574 1.00085820 15.09701900 0.00000000 A-5 20,424,100.00 664.05393971 0.68795932 42.01634686 0.00000000 X-1 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 R-III 50.00 0.00000000 0.00000000 0.00000000 0.00000000 M 17,737,400.00 992.91630904 0.64578518 0.00000000 0.00000000 B-1 8,037,300.00 992.91630896 0.64578528 0.00000000 0.00000000 B-2 6,097,300.00 992.91630886 0.64578584 0.00000000 0.00000000 B-3 4,434,400.00 992.91630886 0.64578522 0.00000000 0.00000000 B-4 1,940,000.00 992.91630928 0.64578351 0.00000000 0.00000000 B-5 1,385,700.00 992.91630945 0.64578192 0.00000000 0.00000000 B-6 3,325,990.36 992.91625427 0.64578660 0.00000000 0.00000000 (2) All classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A-1 0.00000000 13.52106122 888.81324342 0.88881324 13.52106122 A-2 0.00000000 24.90132991 809.30240844 0.80930241 24.90132991 A-3 0.00000000 29.30278839 535.96910669 0.53596911 29.30278839 A-3M 0.00000000 29.30278932 535.96910657 0.53596911 29.30278932 A-4 0.00000000 16.09787720 660.69440853 0.66069441 16.09787720 A-5 0.00000000 42.70430619 621.34963352 0.62134963 42.70430619 X-1 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 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.64578518 992.27052386 0.99227052 0.64578518 B-1 0.00000000 0.64578528 992.27052368 0.99227052 0.64578528 B-2 0.00000000 0.64578584 992.27052466 0.99227052 0.64578584 B-3 0.00000000 0.64578522 992.27052363 0.99227052 0.64578522 B-4 0.00000000 0.64578351 992.27052577 0.99227053 0.64578351 B-5 0.00000000 0.64578192 992.27052753 0.99227053 0.64578192 B-6 0.00000000 0.64578660 992.27047068 0.99227047 0.64578660 (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 A-1 230,624,800.00 1.47000% 208,100,668.54 254,923.32 0.00 0.00 A-2 87,637,500.00 3.03103% 73,107,530.12 184,659.45 0.00 0.00 A-3 132,789,900.00 1.52000% 75,062,398.42 95,079.04 0.00 0.00 A-3M 3,319,800.00 1.85000% 1,876,589.64 2,893.08 0.00 0.00 A-4 36,541,400.00 2.97500% 24,730,937.63 61,312.12 0.00 0.00 A-5 20,424,100.00 3.34100% 13,562,704.07 37,760.83 0.00 0.00 X-1 0.00 1.31155% 359,382,514.99 392,789.55 0.00 0.00 R-I 50.00 3.03980% 0.00 0.00 0.00 0.00 R-II 50.00 3.03980% 0.00 0.00 0.00 0.00 R-III 50.00 3.03980% 0.00 0.00 0.00 0.00 M 17,737,400.00 1.90000% 17,611,753.74 27,885.28 0.00 0.00 B-1 8,037,300.00 2.10000% 7,980,366.25 13,965.64 0.00 0.00 B-2 6,097,300.00 2.10000% 6,054,108.61 10,594.69 0.00 0.00 B-3 4,434,400.00 2.10000% 4,402,988.08 7,705.23 0.00 0.00 B-4 1,940,000.00 3.04535% 1,926,257.64 4,888.43 0.00 0.00 B-5 1,385,700.00 3.04535% 1,375,884.13 3,491.70 0.00 0.00 B-6 3,325,990.36 3.04535% 3,302,429.89 8,380.87 0.00 0.00 Totals 554,295,740.36 1,106,329.23 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 0.00 254,923.32 0.00 204,982,376.50 A-2 0.00 0.00 184,659.45 0.00 70,925,239.82 A-3 0.00 0.00 95,079.04 0.00 71,171,284.08 A-3M 0.00 0.00 2,893.08 0.00 1,779,310.24 A-4 0.00 0.00 61,312.12 0.00 24,142,698.66 A-5 0.00 0.00 37,760.83 0.00 12,690,507.05 X-1 0.00 0.00 392,789.55 0.00 350,791,947.08 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 M 0.00 0.00 27,885.28 0.00 17,600,299.19 B-1 0.00 0.00 13,965.64 0.00 7,975,175.88 B-2 0.00 0.00 10,594.69 0.00 6,050,171.07 B-3 0.00 0.00 7,705.23 0.00 4,400,124.41 B-4 0.00 0.00 4,888.43 0.00 1,925,004.82 B-5 0.00 0.00 3,491.70 0.00 1,374,989.27 B-6 0.00 0.00 8,380.87 0.00 3,300,282.02 Totals 0.00 0.00 1,106,329.23 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 A-1 230,624,800.00 1.47000% 902.33430464 1.10535953 0.00000000 0.00000000 A-2 87,637,500.00 3.03103% 834.20373835 2.10708258 0.00000000 0.00000000 A-3 132,789,900.00 1.52000% 565.27189508 0.71601108 0.00000000 0.00000000 A-3M 3,319,800.00 1.85000% 565.27189590 0.87146214 0.00000000 0.00000000 A-4 36,541,400.00 2.97500% 676.79228574 1.67788098 0.00000000 0.00000000 A-5 20,424,100.00 3.34100% 664.05393971 1.84883691 0.00000000 0.00000000 X-1 0.00 1.31155% 781.25546729 0.85387845 0.00000000 0.00000000 R-I 50.00 3.03980% 0.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 3.03980% 0.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 3.03980% 0.00000000 0.00000000 0.00000000 0.00000000 M 17,737,400.00 1.90000% 992.91630904 1.57211767 0.00000000 0.00000000 B-1 8,037,300.00 2.10000% 992.91630896 1.73760342 0.00000000 0.00000000 B-2 6,097,300.00 2.10000% 992.91630886 1.73760353 0.00000000 0.00000000 B-3 4,434,400.00 2.10000% 992.91630886 1.73760373 0.00000000 0.00000000 B-4 1,940,000.00 3.04535% 992.91630928 2.51980928 0.00000000 0.00000000 B-5 1,385,700.00 3.04535% 992.91630945 2.51980948 0.00000000 0.00000000 B-6 3,325,990.36 3.04535% 992.91625427 2.51981187 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 A-1 0.00000000 0.00000000 1.10535953 0.00000000 888.81324342 A-2 0.00000000 0.00000000 2.10708258 0.00000000 809.30240844 A-3 0.00000000 0.00000000 0.71601108 0.00000000 535.96910669 A-3M 0.00000000 0.00000000 0.87146214 0.00000000 535.96910657 A-4 0.00000000 0.00000000 1.67788098 0.00000000 660.69440853 A-5 0.00000000 0.00000000 1.84883691 0.00000000 621.34963352 X-1 0.00000000 0.00000000 0.85387845 0.00000000 762.58057949 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M 0.00000000 0.00000000 1.57211767 0.00000000 992.27052386 B-1 0.00000000 0.00000000 1.73760342 0.00000000 992.27052368 B-2 0.00000000 0.00000000 1.73760353 0.00000000 992.27052466 B-3 0.00000000 0.00000000 1.73760373 0.00000000 992.27052363 B-4 0.00000000 0.00000000 2.51980928 0.00000000 992.27052577 B-5 0.00000000 0.00000000 2.51980948 0.00000000 992.27052753 B-6 0.00000000 0.00000000 2.51981187 0.00000000 992.27047068 (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 12,010,913.34 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 51,060.55 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 12,061,973.89 Withdrawals Reimbursement for Servicer Advances 40,192.31 Payment of Service Fee 138,298.58 Payment of Interest and Principal 11,883,483.00 Total Withdrawals (Pool Distribution Amount) 12,061,973.89 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 63,887.30 Additional Servicing Fee 72,012.31 Master Servicing Fee 914.78 Miscellaneous Servicing Fee 1,484.19 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 138,298.58
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 5,000.00 0.00 0.00 5,000.00
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 0 1 0 1 0.00 495,000.00 0.00 495,000.00 30 Days 18 0 0 0 18 9,966,955.29 0.00 0.00 0.00 9,966,955.29 60 Days 4 0 0 0 4 1,374,164.03 0.00 0.00 0.00 1,374,164.03 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 1 0 0 0 1 183,539.19 0.00 0.00 0.00 183,539.19 180+ Days 1 0 2 0 3 368,600.00 0.00 666,000.00 0.00 1,034,600.00 Totals 24 0 3 0 27 11,893,258.51 0.00 1,161,000.00 0.00 13,054,258.51 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% 0.071327% 0.000000% 0.071327% 0.000000% 0.115513% 0.000000% 0.115513% 30 Days 1.283880% 0.000000% 0.000000% 0.000000% 1.283880% 2.325884% 0.000000% 0.000000% 0.000000% 2.325884% 60 Days 0.285307% 0.000000% 0.000000% 0.000000% 0.285307% 0.320674% 0.000000% 0.000000% 0.000000% 0.320674% 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 0.071327% 0.000000% 0.000000% 0.000000% 0.071327% 0.042831% 0.000000% 0.000000% 0.000000% 0.042831% 180+ Days 0.071327% 0.000000% 0.142653% 0.000000% 0.213980% 0.086016% 0.000000% 0.155417% 0.000000% 0.241434% Totals 1.711840% 0.000000% 0.213980% 0.000000% 1.925820% 2.775405% 0.000000% 0.270930% 0.000000% 3.046336%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 1 0 1 0.00 495,000.00 0.00 495,000.00 30 Days 4 0 0 0 4 1,359,912.93 0.00 0.00 0.00 1,359,912.93 60 Days 2 0 0 0 2 445,097.17 0.00 0.00 0.00 445,097.17 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 1 0 1 0 2 368,600.00 0.00 600,000.00 0.00 968,600.00 Totals 7 0 2 0 9 2,173,610.10 0.00 1,095,000.00 0.00 3,268,610.10 0-29 Days 0.000000% 0.131752% 0.000000% 0.131752% 0.000000% 0.220632% 0.000000% 0.220632% 30 Days 0.527009% 0.000000% 0.000000% 0.000000% 0.527009% 0.606141% 0.000000% 0.000000% 0.000000% 0.606141% 60 Days 0.263505% 0.000000% 0.000000% 0.000000% 0.263505% 0.198389% 0.000000% 0.000000% 0.000000% 0.198389% 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 0.131752% 0.000000% 0.131752% 0.000000% 0.263505% 0.164293% 0.000000% 0.267432% 0.000000% 0.431725% Totals 0.922266% 0.000000% 0.263505% 0.000000% 1.185771% 0.968822% 0.000000% 0.488064% 0.000000% 1.456886% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 1 0 0 0 1 267,515.35 0.00 0.00 0.00 267,515.35 60 Days 1 0 0 0 1 700,000.00 0.00 0.00 0.00 700,000.00 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 1 0 1 0.00 0.00 66,000.00 0.00 66,000.00 Totals 2 0 1 0 3 967,515.35 0.00 66,000.00 0.00 1,033,515.35 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.374532% 0.000000% 0.000000% 0.000000% 0.374532% 0.341763% 0.000000% 0.000000% 0.000000% 0.341763% 60 Days 0.374532% 0.000000% 0.000000% 0.000000% 0.374532% 0.894282% 0.000000% 0.000000% 0.000000% 0.894282% 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% 0.374532% 0.000000% 0.374532% 0.000000% 0.000000% 0.084318% 0.000000% 0.084318% Totals 0.749064% 0.000000% 0.374532% 0.000000% 1.123596% 1.236045% 0.000000% 0.084318% 0.000000% 1.320363% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 8 0 0 0 8 5,947,075.84 0.00 0.00 0.00 5,947,075.84 60 Days 1 0 0 0 1 229,066.86 0.00 0.00 0.00 229,066.86 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 9 0 0 0 9 6,176,142.70 0.00 0.00 0.00 6,176,142.70 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.076923% 0.000000% 0.000000% 0.000000% 3.076923% 7.055899% 0.000000% 0.000000% 0.000000% 7.055899% 60 Days 0.384615% 0.000000% 0.000000% 0.000000% 0.384615% 0.271776% 0.000000% 0.000000% 0.000000% 0.271776% 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 3.461538% 0.000000% 0.000000% 0.000000% 3.461538% 7.327675% 0.000000% 0.000000% 0.000000% 7.327675% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 3 0 0 0 3 975,058.44 0.00 0.00 0.00 975,058.44 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 3 0 0 0 3 975,058.44 0.00 0.00 0.00 975,058.44 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.225352% 0.000000% 0.000000% 0.000000% 4.225352% 3.584565% 0.000000% 0.000000% 0.000000% 3.584565% 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 4.225352% 0.000000% 0.000000% 0.000000% 4.225352% 3.584565% 0.000000% 0.000000% 0.000000% 3.584565% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 5 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 2 0 0 0 2 1,417,392.73 0.00 0.00 0.00 1,417,392.73 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 1 0 0 0 1 183,539.19 0.00 0.00 0.00 183,539.19 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 3 0 0 0 3 1,600,931.92 0.00 0.00 0.00 1,600,931.92 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 4.444444% 0.000000% 0.000000% 0.000000% 4.444444% 9.839206% 0.000000% 0.000000% 0.000000% 9.839206% 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 2.222222% 0.000000% 0.000000% 0.000000% 2.222222% 1.274086% 0.000000% 0.000000% 0.000000% 1.274086% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 6.666667% 0.000000% 0.000000% 0.000000% 6.666667% 11.113292% 0.000000% 0.000000% 0.000000% 11.113292%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 51,060.55
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 3.401488% Weighted Average Net Coupon 3.226890% Weighted Average Pass-Through Rate 3.023532% Weighted Average Maturity(Stepdown Calculation ) 323 Beginning Scheduled Collateral Loan Count 1,431 Number Of Loans Paid In Full 29 Ending Scheduled Collateral Loan Count 1,402 Beginning Scheduled Collateral Balance 439,094,617.73 Ending Scheduled Collateral Balance 428,317,463.96 Ending Actual Collateral Balance at 30-Apr-2004 428,523,327.44 Monthly P &I Constant 1,476,746.38 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 428,317,463.96 Scheduled Principal 232,100.57 Unscheduled Principal 10,545,053.20
Miscellaneous Reporting Deferred Int Added to Group 3, 4, or 5 0.00 Basic Risk Reserve RI 0.00
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.241446 3.388881 3.438497 Weighted Average Net Rate 3.149468 3.307437 3.063497 Weighted Average Maturity 303 318 345 Beginning Loan Count 767 274 269 Loans Paid In Full 8 7 9 Ending Loan Count 759 267 260 Beginning Scheduled Balance 227,475,712.99 80,445,075.18 88,155,474.54 Ending scheduled Balance 224,357,420.95 78,260,786.46 84,147,571.39 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal And Interest Constant 614,458.60 249,091.95 405,935.30 Scheduled Principal 0.00 21,909.65 153,333.34 Unscheduled Principal 3,118,292.04 2,162,379.07 3,854,569.81 Scheduled Interest 614,458.60 227,182.30 252,601.96 Servicing Fees 17,435.69 5,459.80 27,548.58 Master Servicing Fees 473.91 167.60 183.65 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 53,650.47 18,361.84 1,484.19 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 542,898.53 203,193.06 223,385.54 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 2.863946 3.031033 3.040794
Group Level Collateral Statement Group Group 4 Group 5 Total Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.875880 4.776694 3.401488 Weighted Average Net Rate 3.500880 4.401694 3.226890 Weighted Average Maturity 345 344 323 Beginning Loan Count 73 48 1,431 Loans Paid In Full 2 3 29 Ending Loan Count 71 45 1,402 Beginning Scheduled Balance 27,754,856.58 15,263,498.44 439,094,617.73 Ending scheduled Balance 27,162,145.76 14,389,539.40 428,317,463.96 Record Date 04/30/2004 04/30/2004 04/30/2004 Principal And Interest Constant 130,690.01 76,570.52 1,476,746.38 Scheduled Principal 41,044.61 15,812.97 232,100.57 Unscheduled Principal 551,666.21 858,146.07 10,545,053.20 Scheduled Interest 89,645.40 60,757.55 1,244,645.81 Servicing Fees 8,673.39 4,769.84 63,887.30 Master Servicing Fees 57.82 31.80 914.78 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 73,496.50 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 80,914.19 55,955.91 1,106,347.23 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 0.00 Percentage of Cumulative Losses 0.0000 0.0000 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 3.498380 4.399194 3.023532
Miscellaneous Reporting Group Group 1 Group 1 Senior Percentage 91.482588% Group 1 Senior Prepayment Percentage 100.000000% Group 1 Sen Mez & Sub Percentage 8.517412% Group 1 Sen Mez & Sub Prep Percentage 0.000000% Group Group 2 Group 2 Senior Percentage 90.878814% Group 2 Senior Prepayment Percentage 100.000000% Group 2 Sen Mez & Sub Percentage 9.121186% Group 2 Sen Mez & Sub Prep Percentage 0.000000% Group Group 3 Group 3 Senior Percentage 87.276472% Group 3 Senior Prepayment Percentage 100.000000% Group 3 Sen Mez & Sub Percentage 12.723528% Group 3 Sen Mez & Sub Prep Percentage 0.000000%
Miscellaneous Reporting Group Group 4 Group 4 Senior Percentage 89.104902% Group 4 Senior Prepayment Percentage 100.000000% Group 4 Sen Mez & Sub Percentage 10.895098% Group 4 Sen Mez & Sub Prep Percentage 0.000000% Group Group 5 Group 5 Senior Percentage 88.857113% Group 5 Senior Prepayment Percentage 100.000000% Group 5 Sen Mez & Sub Percentage 11.142887% Group 5 Sen Mez & Sub Prep Percentage 0.000000%
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