-----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, TfhLlmAilvSCdFk66q++eBBR+afNWtPw3FDYxUwcZWK5VK5m3uoX51tn45fS3e7d XsPmWP5v7s78+R7iyNqgPQ== 0001056404-03-001550.txt : 20030908 0001056404-03-001550.hdr.sgml : 20030908 20030905182200 ACCESSION NUMBER: 0001056404-03-001550 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030908 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: 03884699 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc4.txt AUGUST 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): August 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 August 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 August 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: 9/5/03 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 August 25, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 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 1.22000% 240,229,933.33 252,374.89 6,085,008.10 1-A2 86358EBG0 SEN 1.93000% 183,309,000.00 294,821.98 0.00 2-A1 86358EBH8 SEN 1.22000% 151,525,741.81 159,186.21 5,768,182.73 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 1.90000% 35,434,000.00 57,973.96 0.00 M2 86358EBM7 MEZ 3.10000% 37,082,000.00 98,988.34 0.00 M3 86358EBN5 MEZ 3.35000% 10,301,000.00 29,715.52 0.00 M4 86358EBP0 MEZ 4.35000% 12,361,000.00 46,302.25 0.00 M5 86358EBQ8 MEZ 4.60000% 7,004,000.00 27,743.62 0.00 B 86358EBR6 SEN 4.60000% 7,416,000.00 29,375.60 0.00 X SAI03BC4X SEN 0.00000% 5,769,270.40 1,962,017.92 0.00 P SAI03BC4P SEN 0.00000% 100.00 100,781.43 0.00 R SAI03B4R3 SEN 0.00000% 0.00 0.00 0.00 Totals 809,425,045.54 4,608,358.91 11,853,190.83
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 234,144,925.23 6,337,382.99 0.00 1-A2 0.00 183,309,000.00 294,821.98 0.00 2-A1 0.00 145,757,559.08 5,927,368.94 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 57,973.96 0.00 M2 0.00 37,082,000.00 98,988.34 0.00 M3 0.00 10,301,000.00 29,715.52 0.00 M4 0.00 12,361,000.00 46,302.25 0.00 M5 0.00 7,004,000.00 27,743.62 0.00 B 0.00 7,416,000.00 29,375.60 0.00 X 0.00 5,769,270.40 1,962,017.92 0.00 P 0.00 100.00 100,781.43 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 797,571,854.71 16,461,549.74 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 246,749,000.00 240,229,933.33 0.00 6,085,008.10 0.00 0.00 1-A2 183,309,000.00 183,309,000.00 0.00 0.00 0.00 0.00 2-A1 159,631,000.00 151,525,741.81 0.00 5,768,182.73 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 824,049,370.40 809,425,045.54 0.00 11,853,190.83 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 6,085,008.10 234,144,925.23 0.94891945 6,085,008.10 1-A2 0.00 183,309,000.00 1.00000000 0.00 2-A1 5,768,182.73 145,757,559.08 0.91309056 5,768,182.73 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 11,853,190.83 797,571,854.71 0.96786902 11,853,190.83
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 246,749,000.00 973.58016985 0.00000000 24.66072041 0.00000000 1-A2 183,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 159,631,000.00 949.22503655 0.00000000 36.13447720 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 24.66072041 948.91944944 0.94891945 24.66072041 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 36.13447720 913.09055935 0.91309056 36.13447720 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 1.22000% 240,229,933.33 252,374.89 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 1.22000% 151,525,741.81 159,186.21 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 1.90000% 35,434,000.00 57,973.96 0.00 0.00 M2 37,082,000.00 3.10000% 37,082,000.00 98,988.34 0.00 0.00 M3 10,301,000.00 3.35000% 10,301,000.00 29,715.52 0.00 0.00 M4 12,361,000.00 4.35000% 12,361,000.00 46,302.25 0.00 0.00 M5 7,004,000.00 4.60000% 7,004,000.00 27,743.62 0.00 0.00 B 7,416,000.00 4.60000% 7,416,000.00 29,375.60 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 2,545,559.56 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 0.00 252,374.89 0.00 234,144,925.23 1-A2 0.00 0.00 294,821.98 0.00 183,309,000.00 2-A1 0.00 0.00 159,186.21 0.00 145,757,559.08 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 57,973.96 0.00 35,434,000.00 M2 0.00 0.00 98,988.34 0.00 37,082,000.00 M3 0.00 0.00 29,715.52 0.00 10,301,000.00 M4 0.00 0.00 46,302.25 0.00 12,361,000.00 M5 0.00 0.00 27,743.62 0.00 7,004,000.00 B 0.00 0.00 29,375.60 0.00 7,416,000.00 X 0.00 0.00 1,962,017.92 0.00 5,769,270.40 P 0.00 0.00 100,781.43 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,608,358.91 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 1.22000% 973.58016985 1.02280005 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 1.22000% 949.22503655 0.99721364 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 1.90000% 1000.00000000 1.63611108 0.00000000 0.00000000 M2 37,082,000.00 3.10000% 1000.00000000 2.66944447 0.00000000 0.00000000 M3 10,301,000.00 3.35000% 1000.00000000 2.88472187 0.00000000 0.00000000 M4 12,361,000.00 4.35000% 1000.00000000 3.74583367 0.00000000 0.00000000 M5 7,004,000.00 4.60000% 1000.00000000 3.96111079 0.00000000 0.00000000 B 7,416,000.00 4.60000% 1000.00000000 3.96111111 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 1.02280005 0.00000000 948.91944944 1-A2 0.00000000 0.00000000 1.60833336 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.99721364 0.00000000 913.09055935 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 1.63611108 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.66944447 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.88472187 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.74583367 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.96111079 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.96111111 0.00000000 1000.00000000 X 0.00000000 0.00000000 340.08077001 0.00000000 1000.00000000 P 0.00000000 0.00000000 1007814.30000000 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 17,263,573.33 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 17,263,573.33 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 802,023.59 Payment of Interest and Principal 16,461,549.74 Total Withdrawals (Pool Distribution Amount) 17,263,573.33 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 337,260.94 Credit Risk Manager's Fee 10,117.81 PMI Insurance Premium Fee 452,284.09 Wells Fargo Bank Minnesota, NA 2,360.75 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 802,023.59
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 0.47 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 3 0 0 3 248,076.69 0.00 0.00 248,076.69 30 Days 78 1 0 0 79 12,678,190.51 30,141.95 0.00 0.00 12,708,332.46 60 Days 29 0 8 0 37 4,717,470.02 0.00 1,777,291.55 0.00 6,494,761.57 90 Days 7 0 23 0 30 1,348,589.28 0.00 3,681,346.26 0.00 5,029,935.54 120 Days 2 0 6 0 8 143,909.54 0.00 635,288.84 0.00 779,198.38 150 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 116 4 37 0 157 18,888,159.35 278,218.64 6,093,926.65 0.00 25,260,304.64 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 0.063304% 0.000000% 0.000000% 0.063304% 0.031082% 0.000000% 0.000000% 0.031082% 30 Days 1.645917% 0.021101% 0.000000% 0.000000% 1.667018% 1.588493% 0.003777% 0.000000% 0.000000% 1.592269% 60 Days 0.611943% 0.000000% 0.168812% 0.000000% 0.780755% 0.591068% 0.000000% 0.222683% 0.000000% 0.813750% 90 Days 0.147710% 0.000000% 0.485334% 0.000000% 0.633045% 0.168969% 0.000000% 0.461248% 0.000000% 0.630217% 120 Days 0.042203% 0.000000% 0.126609% 0.000000% 0.168812% 0.018031% 0.000000% 0.079597% 0.000000% 0.097628% 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 2.447774% 0.084406% 0.780755% 0.000000% 3.312935% 2.366561% 0.034859% 0.763528% 0.000000% 3.164948%
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 9 992,540.98 0.00 0.00 0.00 992,540.98 60 Days 3 0 2 0 5 353,163.90 0.00 88,000.00 0.00 441,163.90 90 Days 0 0 1 0 1 0.00 0.00 109,500.00 0.00 109,500.00 120 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 12 0 3 0 15 1,345,704.88 0.00 197,500.00 0.00 1,543,204.88 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.108374% 0.000000% 0.000000% 0.000000% 1.108374% 0.787015% 0.000000% 0.000000% 0.000000% 0.787015% 60 Days 0.369458% 0.000000% 0.246305% 0.000000% 0.615764% 0.280034% 0.000000% 0.069778% 0.000000% 0.349812% 90 Days 0.000000% 0.000000% 0.123153% 0.000000% 0.123153% 0.000000% 0.000000% 0.086826% 0.000000% 0.086826% 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 1.477833% 0.000000% 0.369458% 0.000000% 1.847291% 1.067049% 0.000000% 0.156603% 0.000000% 1.223652% 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 2 0 0 2 173,338.15 0.00 0.00 173,338.15 30 Days 36 1 0 0 37 5,981,290.58 30,141.95 0.00 0.00 6,011,432.53 60 Days 8 0 1 0 9 1,184,982.25 0.00 103,500.00 0.00 1,288,482.25 90 Days 2 0 5 0 7 404,826.33 0.00 1,044,600.00 0.00 1,449,426.33 120 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 46 3 6 0 55 7,571,099.16 203,480.10 1,148,100.00 0.00 8,922,679.26 0-29 Days 0.093284% 0.000000% 0.000000% 0.093284% 0.047926% 0.000000% 0.000000% 0.047926% 30 Days 1.679104% 0.046642% 0.000000% 0.000000% 1.725746% 1.653749% 0.008334% 0.000000% 0.000000% 1.662083% 60 Days 0.373134% 0.000000% 0.046642% 0.000000% 0.419776% 0.327632% 0.000000% 0.028616% 0.000000% 0.356249% 90 Days 0.093284% 0.000000% 0.233209% 0.000000% 0.326493% 0.111929% 0.000000% 0.288818% 0.000000% 0.400747% 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 2.145522% 0.139925% 0.279851% 0.000000% 2.565299% 2.093310% 0.056260% 0.317435% 0.000000% 2.467004% 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 9 0 0 0 9 1,062,104.32 0.00 0.00 0.00 1,062,104.32 60 Days 6 0 0 0 6 492,199.41 0.00 0.00 0.00 492,199.41 90 Days 3 0 5 0 8 721,117.95 0.00 914,812.22 0.00 1,635,930.17 120 Days 2 0 0 0 2 143,909.54 0.00 0.00 0.00 143,909.54 150 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 20 0 5 0 25 2,419,331.22 0.00 914,812.22 0.00 3,334,143.44 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.380368% 0.000000% 0.000000% 0.000000% 1.380368% 1.296832% 0.000000% 0.000000% 0.000000% 1.296832% 60 Days 0.920245% 0.000000% 0.000000% 0.000000% 0.920245% 0.600977% 0.000000% 0.000000% 0.000000% 0.600977% 90 Days 0.460123% 0.000000% 0.766871% 0.000000% 1.226994% 0.880487% 0.000000% 1.116988% 0.000000% 1.997475% 120 Days 0.306748% 0.000000% 0.000000% 0.000000% 0.306748% 0.175714% 0.000000% 0.000000% 0.000000% 0.175714% 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 3.067485% 0.000000% 0.766871% 0.000000% 3.834356% 2.954010% 0.000000% 1.116988% 0.000000% 4.070998% 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 1 0 0 1 74,738.54 0.00 0.00 74,738.54 30 Days 24 0 0 0 24 4,642,254.63 0.00 0.00 0.00 4,642,254.63 60 Days 12 0 5 0 17 2,687,124.46 0.00 1,585,791.55 0.00 4,272,916.01 90 Days 2 0 12 0 14 222,645.00 0.00 1,612,434.04 0.00 1,835,079.04 120 Days 0 0 6 0 6 0.00 0.00 635,288.84 0.00 635,288.84 150 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 38 1 23 0 62 7,552,024.09 74,738.54 3,833,514.43 0.00 11,460,277.06 0-29 Days 0.088417% 0.000000% 0.000000% 0.088417% 0.032718% 0.000000% 0.000000% 0.032718% 30 Days 2.122016% 0.000000% 0.000000% 0.000000% 2.122016% 2.032229% 0.000000% 0.000000% 0.000000% 2.032229% 60 Days 1.061008% 0.000000% 0.442087% 0.000000% 1.503095% 1.176336% 0.000000% 0.694208% 0.000000% 1.870544% 90 Days 0.176835% 0.000000% 1.061008% 0.000000% 1.237843% 0.097467% 0.000000% 0.705871% 0.000000% 0.803338% 120 Days 0.000000% 0.000000% 0.530504% 0.000000% 0.530504% 0.000000% 0.000000% 0.278109% 0.000000% 0.278109% 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 3.359859% 0.088417% 2.033599% 0.000000% 5.481874% 3.306032% 0.032718% 1.678189% 0.000000% 5.016939%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed & Arm Weighted Average Gross Coupon 7.871663% Weighted Average Net Coupon 7.371663% Weighted Average Pass-Through Rate 6.697636% Weighted Average Maturity(Stepdown Calculation ) 352 Beginning Scheduled Collateral Loan Count 4,800 Number Of Loans Paid In Full 61 Ending Scheduled Collateral Loan Count 4,739 Beginning Scheduled Collateral Balance 809,424,945.54 Ending Scheduled Collateral Balance 797,571,754.71 Ending Actual Collateral Balance at 31-Jul-2003 798,127,004.16 Monthly P &I Constant 5,927,249.81 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 797,571,754.71 Scheduled Principal 617,649.70 Unscheduled Principal 11,235,541.13
Miscellaneous Reporting Excess Cash Amount 1,962,017.45 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 7.787900 7.675213 8.741890 Weighted Average Net Rate 7.287900 7.175213 8.241890 Weighted Average Maturity 352 352 349 Beginning Loan Count 821 2,167 660 Loans Paid In Full 9 23 8 Ending Loan Count 812 2,144 652 Beginning Scheduled Balance 127,730,105.05 365,818,441.67 83,193,630.98 Ending scheduled Balance 126,028,036.90 361,435,501.72 81,841,562.56 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 938,964.50 2,614,318.82 670,187.81 Scheduled Principal 110,006.76 274,540.10 64,129.85 Unscheduled Principal 1,592,061.39 4,108,399.85 1,287,938.57 Scheduled Interest 828,957.74 2,339,778.72 606,057.96 Servicing Fees 53,220.88 152,424.38 34,664.02 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 372.52 1,066.99 242.60 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 47,700.97 264,138.52 27,232.52 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 727,663.37 1,922,148.83 543,918.82 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 6.836258 6.305255 7.845583
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.915356 7.871663 Weighted Average Net Rate 7.415355 7.371663 Weighted Average Maturity 349 352 Beginning Loan Count 1,152 4,800 Loans Paid In Full 21 61 Ending Loan Count 1,131 4,739 Beginning Scheduled Balance 232,682,767.84 809,424,945.54 Ending scheduled Balance 228,266,653.53 797,571,754.71 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 1,703,778.68 5,927,249.81 Scheduled Principal 168,972.99 617,649.70 Unscheduled Principal 4,247,141.32 11,235,541.13 Scheduled Interest 1,534,805.69 5,309,600.11 Servicing Fees 96,951.16 337,260.44 Master Servicing Fees 0.00 0.00 Trustee Fee 678.67 2,360.78 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 113,212.04 452,284.05 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 1,323,963.82 4,517,694.84 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 6.827994 6.697636
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