-----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, Q4aIE5if2/EFA32OYT4O2Gvr9rhP0Rr2F73BqRrH5Rq+qpTue9zzclpQM1c0rXqR zPb7jH9GbuBE6R3ywXHG/Q== 0001056404-03-001325.txt : 20030808 0001056404-03-001325.hdr.sgml : 20030808 20030808103854 ACCESSION NUMBER: 0001056404-03-001325 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: 20030808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003-BC4 CENTRAL INDEX KEY: 0001237293 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-102489-10 FILM NUMBER: 03830405 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc4.txt JULY 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): July 25, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC4 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-102489-10 54-2114688 Pooling and Servicing Agreement) (Commission 54-2114689 (State or other File Number) 54-2114690 jurisdiction IRS EIN of Incorporation) 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 July 25, 2003 a distribution was made to holders of STRUCTURED ASSET INVESTMENT LOAN TRUST, Mortgage Pass-Through Certificates, Series 2003-BC4 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-BC4 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. STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC4 Trust By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/6/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-BC4 Trust, relating to the July 25, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 SAIL Series: 2003-BC4 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 86358EBF2 SEN 1.15500% 243,715,363.28 234,576.04 3,485,429.95 1-A2 86358EBG0 SEN 1.93000% 183,309,000.00 294,821.98 0.00 2-A1 86358EBH8 SEN 1.15500% 156,346,450.81 150,483.46 4,820,709.00 2-A2 86358EBJ4 SEN 1.91000% 118,993,000.00 189,397.19 0.00 A-IO 86358EBK1 IO 6.00000% 0.00 1,359,680.00 0.00 M1 86358EBL9 MEZ 1.83500% 35,434,000.00 54,184.49 0.00 M2 86358EBM7 MEZ 3.03500% 37,082,000.00 93,786.56 0.00 M3 86358EBN5 MEZ 3.28500% 10,301,000.00 28,198.99 0.00 M4 86358EBP0 MEZ 4.28500% 12,361,000.00 44,139.07 0.00 M5 86358EBQ8 MEZ 4.53500% 7,004,000.00 26,469.28 0.00 B 86358EBR6 SEN 4.53500% 7,416,000.00 28,026.30 0.00 X SAI03BC4X SEN 0.00000% 5,769,270.40 2,050,866.75 0.00 P SAI03BC4P SEN 0.00000% 100.00 48,091.38 0.00 R SAI03B4R3 SEN 0.00000% 0.00 0.00 0.00 Totals 817,731,184.49 4,602,721.49 8,306,138.95
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 240,229,933.33 3,720,005.99 0.00 1-A2 0.00 183,309,000.00 294,821.98 0.00 2-A1 0.00 151,525,741.81 4,971,192.46 0.00 2-A2 0.00 118,993,000.00 189,397.19 0.00 A-IO 0.00 0.00 1,359,680.00 0.00 M1 0.00 35,434,000.00 54,184.49 0.00 M2 0.00 37,082,000.00 93,786.56 0.00 M3 0.00 10,301,000.00 28,198.99 0.00 M4 0.00 12,361,000.00 44,139.07 0.00 M5 0.00 7,004,000.00 26,469.28 0.00 B 0.00 7,416,000.00 28,026.30 0.00 X 0.00 5,769,270.40 2,050,866.75 0.00 P 0.00 100.00 48,091.38 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 809,425,045.54 12,908,860.44 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 246,749,000.00 243,715,363.28 0.00 3,485,429.95 0.00 0.00 1-A2 183,309,000.00 183,309,000.00 0.00 0.00 0.00 0.00 2-A1 159,631,000.00 156,346,450.81 0.00 4,820,709.00 0.00 0.00 2-A2 118,993,000.00 118,993,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M1 35,434,000.00 35,434,000.00 0.00 0.00 0.00 0.00 M2 37,082,000.00 37,082,000.00 0.00 0.00 0.00 0.00 M3 10,301,000.00 10,301,000.00 0.00 0.00 0.00 0.00 M4 12,361,000.00 12,361,000.00 0.00 0.00 0.00 0.00 M5 7,004,000.00 7,004,000.00 0.00 0.00 0.00 0.00 B 7,416,000.00 7,416,000.00 0.00 0.00 0.00 0.00 X 5,769,270.40 5,769,270.40 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 824,049,370.40 817,731,184.49 0.00 8,306,138.95 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 3,485,429.95 240,229,933.33 0.97358017 3,485,429.95 1-A2 0.00 183,309,000.00 1.00000000 0.00 2-A1 4,820,709.00 151,525,741.81 0.94922504 4,820,709.00 2-A2 0.00 118,993,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M1 0.00 35,434,000.00 1.00000000 0.00 M2 0.00 37,082,000.00 1.00000000 0.00 M3 0.00 10,301,000.00 1.00000000 0.00 M4 0.00 12,361,000.00 1.00000000 0.00 M5 0.00 7,004,000.00 1.00000000 0.00 B 0.00 7,416,000.00 1.00000000 0.00 X 0.00 5,769,270.40 1.00000000 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 8,306,138.95 809,425,045.54 0.98225310 8,306,138.95
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 246,749,000.00 987.70557644 0.00000000 14.12540659 0.00000000 1-A2 183,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 159,631,000.00 979.42411443 0.00000000 30.19907787 0.00000000 2-A2 118,993,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M1 35,434,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M2 37,082,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M3 10,301,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M4 12,361,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M5 7,004,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 7,416,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 5,769,270.40 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 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 1-A1 0.00000000 14.12540659 973.58016985 0.97358017 14.12540659 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 30.19907787 949.22503655 0.94922504 30.19907787 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 1,000.00000000 1.00000000 0.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall 1-A1 246,749,000.00 1.15500% 243,715,363.28 234,576.04 0.00 0.00 1-A2 183,309,000.00 1.93000% 183,309,000.00 294,821.98 0.00 0.00 2-A1 159,631,000.00 1.15500% 156,346,450.81 150,483.46 0.00 0.00 2-A2 118,993,000.00 1.91000% 118,993,000.00 189,397.19 0.00 0.00 A-IO 0.00 6.00000% 271,936,000.00 1,359,680.00 0.00 0.00 M1 35,434,000.00 1.83500% 35,434,000.00 54,184.49 0.00 0.00 M2 37,082,000.00 3.03500% 37,082,000.00 93,786.56 0.00 0.00 M3 10,301,000.00 3.28500% 10,301,000.00 28,198.99 0.00 0.00 M4 12,361,000.00 4.28500% 12,361,000.00 44,139.07 0.00 0.00 M5 7,004,000.00 4.53500% 7,004,000.00 26,469.28 0.00 0.00 B 7,416,000.00 4.53500% 7,416,000.00 28,026.30 0.00 0.00 X 5,769,270.40 0.00000% 5,769,270.40 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 824,049,370.40 2,503,763.36 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 0.00 234,576.04 0.00 240,229,933.33 1-A2 0.00 0.00 294,821.98 0.00 183,309,000.00 2-A1 0.00 0.00 150,483.46 0.00 151,525,741.81 2-A2 0.00 0.00 189,397.19 0.00 118,993,000.00 A-IO 0.00 0.00 1,359,680.00 0.00 271,936,000.00 M1 0.00 0.00 54,184.49 0.00 35,434,000.00 M2 0.00 0.00 93,786.56 0.00 37,082,000.00 M3 0.00 0.00 28,198.99 0.00 10,301,000.00 M4 0.00 0.00 44,139.07 0.00 12,361,000.00 M5 0.00 0.00 26,469.28 0.00 7,004,000.00 B 0.00 0.00 28,026.30 0.00 7,416,000.00 X 0.00 0.00 2,050,866.75 0.00 5,769,270.40 P 0.00 0.00 48,091.38 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,602,721.49 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
Interest Distribution Factors Statement Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall 1-A1 246,749,000.00 1.15500% 987.70557644 0.95066663 0.00000000 0.00000000 1-A2 183,309,000.00 1.93000% 1000.00000000 1.60833336 0.00000000 0.00000000 2-A1 159,631,000.00 1.15500% 979.42411443 0.94269572 0.00000000 0.00000000 2-A2 118,993,000.00 1.91000% 1000.00000000 1.59166665 0.00000000 0.00000000 A-IO 0.00 6.00000% 1000.00000000 5.00000000 0.00000000 0.00000000 M1 35,434,000.00 1.83500% 1000.00000000 1.52916662 0.00000000 0.00000000 M2 37,082,000.00 3.03500% 1000.00000000 2.52916671 0.00000000 0.00000000 M3 10,301,000.00 3.28500% 1000.00000000 2.73750024 0.00000000 0.00000000 M4 12,361,000.00 4.28500% 1000.00000000 3.57083327 0.00000000 0.00000000 M5 7,004,000.00 4.53500% 1000.00000000 3.77916619 0.00000000 0.00000000 B 7,416,000.00 4.53500% 1000.00000000 3.77916667 0.00000000 0.00000000 X 5,769,270.40 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 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 0.95066663 0.00000000 973.58016985 1-A2 0.00000000 0.00000000 1.60833336 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.94269572 0.00000000 949.22503655 2-A2 0.00000000 0.00000000 1.59166665 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 5.00000000 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.52916662 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.52916671 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.73750024 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.57083327 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.77916619 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.77916667 0.00000000 1000.00000000 X 0.00000000 0.00000000 355.48112808 0.00000000 1000.00000000 P 0.00000000 0.00000000 480913.80000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 13,262,188.33 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 0.00 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 13,262,188.33 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 353,327.89 Payment of Interest and Principal 12,908,860.44 Total Withdrawals (Pool Distribution Amount) 13,262,188.33 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 340,721.17 Credit Risk Manager's Fee 10,221.64 Wells Fargo Bank Minnesota, NA 2,385.08 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 353,327.89
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 75 0 0 0 75 11,491,478.38 0.00 0.00 0.00 11,491,478.38 60 Days 35 0 0 0 35 6,171,015.47 0.00 0.00 0.00 6,171,015.47 90 Days 10 0 0 0 10 1,051,419.73 0.00 0.00 0.00 1,051,419.73 120 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 120 0 0 0 120 18,713,913.58 0.00 0.00 0.00 18,713,913.58 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 1.562500% 0.000000% 0.000000% 0.000000% 1.562500% 1.418753% 0.000000% 0.000000% 0.000000% 1.418753% 60 Days 0.729167% 0.000000% 0.000000% 0.000000% 0.729167% 0.761882% 0.000000% 0.000000% 0.000000% 0.761882% 90 Days 0.208333% 0.000000% 0.000000% 0.000000% 0.208333% 0.129810% 0.000000% 0.000000% 0.000000% 0.129810% 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 2.500000% 0.000000% 0.000000% 0.000000% 2.500000% 2.310445% 0.000000% 0.000000% 0.000000% 2.310445%
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 9 0 0 0 9 929,925.09 0.00 0.00 0.00 929,925.09 60 Days 1 0 0 0 1 109,500.00 0.00 0.00 0.00 109,500.00 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 10 0 0 0 10 1,039,425.09 0.00 0.00 0.00 1,039,425.09 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.096224% 0.000000% 0.000000% 0.000000% 1.096224% 0.727548% 0.000000% 0.000000% 0.000000% 0.727548% 60 Days 0.121803% 0.000000% 0.000000% 0.000000% 0.121803% 0.085670% 0.000000% 0.000000% 0.000000% 0.085670% 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 1.218027% 0.000000% 0.000000% 0.000000% 1.218027% 0.813218% 0.000000% 0.000000% 0.000000% 0.813218% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 20 0 0 0 20 2,926,977.50 0.00 0.00 0.00 2,926,977.50 60 Days 10 0 0 0 10 1,869,200.14 0.00 0.00 0.00 1,869,200.14 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 30 0 0 0 30 4,796,177.64 0.00 0.00 0.00 4,796,177.64 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.922935% 0.000000% 0.000000% 0.000000% 0.922935% 0.799586% 0.000000% 0.000000% 0.000000% 0.799586% 60 Days 0.461467% 0.000000% 0.000000% 0.000000% 0.461467% 0.510624% 0.000000% 0.000000% 0.000000% 0.510624% 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 1.384402% 0.000000% 0.000000% 0.000000% 1.384402% 1.310210% 0.000000% 0.000000% 0.000000% 1.310210% 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 13 0 0 0 13 1,328,849.47 0.00 0.00 0.00 1,328,849.47 60 Days 8 0 0 0 8 1,635,930.17 0.00 0.00 0.00 1,635,930.17 90 Days 3 0 0 0 3 281,184.54 0.00 0.00 0.00 281,184.54 120 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 24 0 0 0 24 3,245,964.18 0.00 0.00 0.00 3,245,964.18 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.969697% 0.000000% 0.000000% 0.000000% 1.969697% 1.596227% 0.000000% 0.000000% 0.000000% 1.596227% 60 Days 1.212121% 0.000000% 0.000000% 0.000000% 1.212121% 1.965096% 0.000000% 0.000000% 0.000000% 1.965096% 90 Days 0.454545% 0.000000% 0.000000% 0.000000% 0.454545% 0.337762% 0.000000% 0.000000% 0.000000% 0.337762% 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 3.636364% 0.000000% 0.000000% 0.000000% 3.636364% 3.899085% 0.000000% 0.000000% 0.000000% 3.899085% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 33 0 0 0 33 6,305,726.32 0.00 0.00 0.00 6,305,726.32 60 Days 16 0 0 0 16 2,556,385.16 0.00 0.00 0.00 2,556,385.16 90 Days 7 0 0 0 7 770,235.19 0.00 0.00 0.00 770,235.19 120 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 56 0 0 0 56 9,632,346.67 0.00 0.00 0.00 9,632,346.67 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.864583% 0.000000% 0.000000% 0.000000% 2.864583% 2.708148% 0.000000% 0.000000% 0.000000% 2.708148% 60 Days 1.388889% 0.000000% 0.000000% 0.000000% 1.388889% 1.097902% 0.000000% 0.000000% 0.000000% 1.097902% 90 Days 0.607639% 0.000000% 0.000000% 0.000000% 0.607639% 0.330796% 0.000000% 0.000000% 0.000000% 0.330796% 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 4.861111% 0.000000% 0.000000% 0.000000% 4.861111% 4.136846% 0.000000% 0.000000% 0.000000% 4.136846%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 140,138.16
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.874924% Weighted Average Net Coupon 7.374924% Weighted Average Pass-Through Rate 6.698806% Weighted Average Maturity(Stepdown Calculation ) 353 Beginning Scheduled Collateral Loan Count 4,837 Number Of Loans Paid In Full 37 Ending Scheduled Collateral Loan Count 4,800 Beginning Scheduled Collateral Balance 817,731,084.49 Ending Scheduled Collateral Balance 809,424,945.54 Ending Actual Collateral Balance at 30-Jun-2003 809,970,206.20 Monthly P &I Constant 5,984,699.30 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.65 Ending Scheduled Balance for Premium Loans 809,424,945.54 Scheduled Principal 618,390.87 Unscheduled Principal 7,687,748.08
Miscellaneous Reporting Excess Cash Amount 2,050,866.75 Overcollateralization Amount 5,769,270.40 Overcollateralization Deficiency 0.00 Targeted Overcollateralization Amount 5,769,270.40
Group Level Collateral Statement Group 1(A) 1(B) 2(A) Collateral Description Fixed 15/30 & ARM Fixed 15/30 & ARM Fixed 15/30 & ARM Weighted Average Coupon Rate 7.790451 7.674706 8.732730 Weighted Average Net Rate 7.290451 7.174707 8.232731 Weighted Average Maturity 353 353 350 Beginning Loan Count 824 2,179 664 Loans Paid In Full 3 12 4 Ending Loan Count 821 2,167 660 Beginning Scheduled Balance 128,442,933.08 368,591,043.59 84,514,650.17 Ending scheduled Balance 127,730,105.05 365,818,441.67 83,193,630.98 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 943,509.01 2,631,876.25 679,448.72 Scheduled Principal 109,651.99 274,519.53 64,412.34 Unscheduled Principal 603,176.04 2,498,082.39 1,256,606.85 Scheduled Interest 833,857.02 2,357,356.72 615,036.38 Servicing Fees 53,517.90 153,579.54 35,214.40 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 374.66 1,075.03 246.49 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 48,075.10 266,548.21 27,983.77 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 731,889.36 1,936,153.94 551,591.72 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.65 0.00 Percentage of Cumulative Losses 0.00 0.00 0.00 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.837802 6.303421 7.831896
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.926372 7.874924 Weighted Average Net Rate 7.426372 7.374924 Weighted Average Maturity 350 353 Beginning Loan Count 1,170 4,837 Loans Paid In Full 18 37 Ending Loan Count 1,152 4,800 Beginning Scheduled Balance 236,182,457.65 817,731,084.49 Ending scheduled Balance 232,682,767.84 809,424,945.54 Record Date 06/30/2003 06/30/2003 Principal And Interest Constant 1,729,865.32 5,984,699.30 Scheduled Principal 169,807.01 618,390.87 Unscheduled Principal 3,329,882.80 7,687,748.08 Scheduled Interest 1,560,058.31 5,366,308.43 Servicing Fees 98,409.33 340,721.17 Master Servicing Fees 0.00 0.00 Trustee Fee 688.90 2,385.08 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 115,743.24 458,350.32 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 1,345,216.84 4,564,851.86 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.65 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.834801 6.698806
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