-----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, M4x8GAs/eHbAmXMFsZFMb01O/HtahIXy8+/CF+w61LAuChq8QjJBbLaBf95sNfEA NqEUIkOghdkItW13KsH+hQ== 0001056404-03-001814.txt : 20031006 0001056404-03-001814.hdr.sgml : 20031006 20031006145147 ACCESSION NUMBER: 0001056404-03-001814 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030925 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031006 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: 03929600 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc4_sep.txt SEPTEMBER 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): September 25, 2003 STRUCTURED ASSET INVESTMENT LOAN TRUST Mortgage Pass-Through Certificates, Series 2003-BC4 Trust (Exact name of registrant as specified in its charter) 54-2114688 54-2114689 New York (governing law of 333-102489-10 54-2114690 Pooling and Servicing Agreement) (Commission IRS EIN (State or other File Number) jurisdiction 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 September 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 September 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: 10/6/03 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 September 25, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 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 1.23000% 234,144,925.23 247,998.50 8,648,493.01 1-A2 86358EBG0 SEN 1.93000% 183,309,000.00 294,821.98 0.00 2-A1 86358EBH8 SEN 1.23000% 145,757,559.08 154,381.55 9,862,949.70 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 1.91000% 35,434,000.00 58,279.09 0.00 M2 86358EBM7 MEZ 3.11000% 37,082,000.00 99,307.66 0.00 M3 86358EBN5 MEZ 3.36000% 10,301,000.00 29,804.23 0.00 M4 86358EBP0 MEZ 4.36000% 12,361,000.00 46,408.69 0.00 M5 86358EBQ8 MEZ 4.61000% 7,004,000.00 27,803.93 0.00 B 86358EBR6 SEN 4.61000% 7,416,000.00 29,439.46 0.00 X SAI03BC4X SEN 0.00000% 5,769,270.40 1,901,193.36 0.00 P SAI03BC4P SEN 0.00000% 100.00 189,991.25 0.00 R SAI03B4R3 SEN 0.00000% 0.00 0.00 0.00 Totals 797,571,854.71 4,628,506.89 18,511,442.71
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 225,496,432.22 8,896,491.51 0.00 1-A2 0.00 183,309,000.00 294,821.98 0.00 2-A1 0.00 135,894,609.38 10,017,331.25 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 58,279.09 0.00 M2 0.00 37,082,000.00 99,307.66 0.00 M3 0.00 10,301,000.00 29,804.23 0.00 M4 0.00 12,361,000.00 46,408.69 0.00 M5 0.00 7,004,000.00 27,803.93 0.00 B 0.00 7,416,000.00 29,439.46 0.00 X 0.00 5,769,270.40 1,901,193.36 0.00 P 0.00 100.00 189,991.25 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 779,060,412.00 23,139,949.60 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 246,749,000.00 234,144,925.23 0.00 8,648,493.01 0.00 0.00 1-A2 183,309,000.00 183,309,000.00 0.00 0.00 0.00 0.00 2-A1 159,631,000.00 145,757,559.08 0.00 9,862,949.70 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 824,049,370.40 797,571,854.71 0.00 18,511,442.71 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 8,648,493.01 225,496,432.22 0.91386969 8,648,493.01 1-A2 0.00 183,309,000.00 1.00000000 0.00 2-A1 9,862,949.70 135,894,609.38 0.85130463 9,862,949.70 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 18,511,442.71 779,060,412.00 0.94540502 18,511,442.71
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 246,749,000.00 948.91944944 0.00000000 35.04975911 0.00000000 1-A2 183,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 159,631,000.00 913.09055935 0.00000000 61.78592942 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 35.04975911 913.86969033 0.91386969 35.04975911 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 61.78592942 851.30462993 0.85130463 61.78592942 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 1.23000% 234,144,925.23 247,998.50 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 1.23000% 145,757,559.08 154,381.55 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 1.91000% 35,434,000.00 58,279.09 0.00 0.00 M2 37,082,000.00 3.11000% 37,082,000.00 99,307.66 0.00 0.00 M3 10,301,000.00 3.36000% 10,301,000.00 29,804.23 0.00 0.00 M4 12,361,000.00 4.36000% 12,361,000.00 46,408.69 0.00 0.00 M5 7,004,000.00 4.61000% 7,004,000.00 27,803.93 0.00 0.00 B 7,416,000.00 4.61000% 7,416,000.00 29,439.46 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 2,537,322.28 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 0.00 247,998.50 0.00 225,496,432.22 1-A2 0.00 0.00 294,821.98 0.00 183,309,000.00 2-A1 0.00 0.00 154,381.55 0.00 135,894,609.38 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 58,279.09 0.00 35,434,000.00 M2 0.00 0.00 99,307.66 0.00 37,082,000.00 M3 0.00 0.00 29,804.23 0.00 10,301,000.00 M4 0.00 0.00 46,408.69 0.00 12,361,000.00 M5 0.00 0.00 27,803.93 0.00 7,004,000.00 B 0.00 0.00 29,439.46 0.00 7,416,000.00 X 0.00 0.00 1,901,193.36 0.00 5,769,270.40 P 0.00 0.00 189,991.25 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,628,506.89 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 1.23000% 948.91944944 1.00506385 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 1.23000% 913.09055935 0.96711510 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 1.91000% 1000.00000000 1.64472230 0.00000000 0.00000000 M2 37,082,000.00 3.11000% 1000.00000000 2.67805566 0.00000000 0.00000000 M3 10,301,000.00 3.36000% 1000.00000000 2.89333366 0.00000000 0.00000000 M4 12,361,000.00 4.36000% 1000.00000000 3.75444462 0.00000000 0.00000000 M5 7,004,000.00 4.61000% 1000.00000000 3.96972159 0.00000000 0.00000000 B 7,416,000.00 4.61000% 1000.00000000 3.96972222 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 1.00506385 0.00000000 913.86969033 1-A2 0.00000000 0.00000000 1.60833336 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.96711510 0.00000000 851.30462993 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 1.64472230 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.67805566 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.89333366 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.75444462 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.96972159 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.96972222 0.00000000 1000.00000000 X 0.00000000 0.00000000 329.53791869 0.00000000 1000.00000000 P 0.00000000 0.00000000 1899912.50000000 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 23,930,506.33 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 23,930,506.33 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 790,556.73 Payment of Interest and Principal 23,139,949.60 Total Withdrawals (Pool Distribution Amount) 23,930,506.33 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 332,321.56 Credit Risk Manager's Fee 9,969.65 PMI Insurance Premium Fee 445,939.55 Securities Administration Fee (LEO TEST) 0.00 Wells Fargo Bank Minnesota, NA 2,325.97 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 790,556.73
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.45 0.45 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 6 0 0 6 741,073.05 0.00 0.00 741,073.05 30 Days 65 1 0 0 66 10,919,488.41 203,698.61 0.00 0.00 11,123,187.02 60 Days 19 1 13 0 33 2,221,348.71 30,141.95 2,625,078.08 0.00 4,876,568.74 90 Days 5 1 17 0 23 502,063.63 103,500.00 3,572,293.81 0.00 4,177,857.44 120 Days 1 2 24 0 27 25,846.91 394,805.83 4,258,722.10 0.00 4,679,374.84 150 Days 2 0 6 0 8 143,909.54 0.00 635,288.84 0.00 779,198.38 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 92 11 60 0 163 13,812,657.20 1,473,219.44 11,091,382.83 0.00 26,377,259.47 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 0.128977% 0.000000% 0.000000% 0.128977% 0.095052% 0.000000% 0.000000% 0.095052% 30 Days 1.397248% 0.021496% 0.000000% 0.000000% 1.418745% 1.400569% 0.026127% 0.000000% 0.000000% 1.426696% 60 Days 0.408426% 0.021496% 0.279450% 0.000000% 0.709372% 0.284917% 0.003866% 0.336701% 0.000000% 0.625485% 90 Days 0.107481% 0.021496% 0.365434% 0.000000% 0.494411% 0.064396% 0.013275% 0.458194% 0.000000% 0.535866% 120 Days 0.021496% 0.042992% 0.515907% 0.000000% 0.580396% 0.003315% 0.050639% 0.546238% 0.000000% 0.600192% 150 Days 0.042992% 0.000000% 0.128977% 0.000000% 0.171969% 0.018458% 0.000000% 0.081484% 0.000000% 0.099943% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.977644% 0.236457% 1.289768% 0.000000% 3.503869% 1.771656% 0.188960% 1.422617% 0.000000% 3.383233%
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 2 0 0 2 247,142.24 0.00 0.00 247,142.24 30 Days 2 0 0 0 2 490,932.49 0.00 0.00 0.00 490,932.49 60 Days 2 0 2 0 4 150,604.55 0.00 492,197.15 0.00 642,801.70 90 Days 1 0 3 0 4 61,937.01 0.00 352,834.44 0.00 414,771.45 120 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 5 2 5 0 12 703,474.05 247,142.24 845,031.59 0.00 1,795,647.88 0-29 Days 0.249066% 0.000000% 0.000000% 0.249066% 0.198517% 0.000000% 0.000000% 0.198517% 30 Days 0.249066% 0.000000% 0.000000% 0.000000% 0.249066% 0.394341% 0.000000% 0.000000% 0.000000% 0.394341% 60 Days 0.249066% 0.000000% 0.249066% 0.000000% 0.498132% 0.120973% 0.000000% 0.395356% 0.000000% 0.516329% 90 Days 0.124533% 0.000000% 0.373599% 0.000000% 0.498132% 0.049751% 0.000000% 0.283414% 0.000000% 0.333164% 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 0.622665% 0.249066% 0.622665% 0.000000% 1.494396% 0.565064% 0.198517% 0.678770% 0.000000% 1.442351% 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 2 173,232.99 0.00 0.00 173,232.99 30 Days 29 1 0 0 30 4,593,275.31 203,698.61 0.00 0.00 4,796,973.92 60 Days 9 1 5 0 15 1,435,367.51 30,141.95 727,533.50 0.00 2,193,042.96 90 Days 1 1 4 0 6 62,331.56 103,500.00 511,760.38 0.00 677,591.94 120 Days 0 1 6 0 7 0.00 304,000.00 1,145,426.33 0.00 1,449,426.33 150 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 39 6 15 0 60 6,090,974.38 814,573.55 2,384,720.21 0.00 9,290,268.14 0-29 Days 0.094832% 0.000000% 0.000000% 0.094832% 0.048844% 0.000000% 0.000000% 0.048844% 30 Days 1.375059% 0.047416% 0.000000% 0.000000% 1.422475% 1.295087% 0.057433% 0.000000% 0.000000% 1.352520% 60 Days 0.426743% 0.047416% 0.237079% 0.000000% 0.711238% 0.404706% 0.008499% 0.205130% 0.000000% 0.618335% 90 Days 0.047416% 0.047416% 0.189663% 0.000000% 0.284495% 0.017575% 0.029182% 0.144292% 0.000000% 0.191049% 120 Days 0.000000% 0.047416% 0.284495% 0.000000% 0.331911% 0.000000% 0.085714% 0.322956% 0.000000% 0.408670% 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 1.849218% 0.284495% 0.711238% 0.000000% 2.844950% 1.717367% 0.229671% 0.672379% 0.000000% 2.619417% 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 1 0 0 1 246,001.41 0.00 0.00 246,001.41 30 Days 9 0 0 0 9 1,355,920.76 0.00 0.00 0.00 1,355,920.76 60 Days 4 0 0 0 4 222,626.46 0.00 0.00 0.00 222,626.46 90 Days 1 0 1 0 2 30,433.79 0.00 245,854.42 0.00 276,288.21 120 Days 1 0 7 0 8 25,846.91 0.00 1,610,083.26 0.00 1,635,930.17 150 Days 2 0 0 0 2 143,909.54 0.00 0.00 0.00 143,909.54 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 17 1 8 0 26 1,778,737.46 246,001.41 1,855,937.68 0.00 3,880,676.55 0-29 Days 0.157978% 0.000000% 0.000000% 0.157978% 0.316061% 0.000000% 0.000000% 0.316061% 30 Days 1.421801% 0.000000% 0.000000% 0.000000% 1.421801% 1.742078% 0.000000% 0.000000% 0.000000% 1.742078% 60 Days 0.631912% 0.000000% 0.000000% 0.000000% 0.631912% 0.286029% 0.000000% 0.000000% 0.000000% 0.286029% 90 Days 0.157978% 0.000000% 0.157978% 0.000000% 0.315956% 0.039101% 0.000000% 0.315872% 0.000000% 0.354973% 120 Days 0.157978% 0.000000% 1.105845% 0.000000% 1.263823% 0.033208% 0.000000% 2.068624% 0.000000% 2.101832% 150 Days 0.315956% 0.000000% 0.000000% 0.000000% 0.315956% 0.184894% 0.000000% 0.000000% 0.000000% 0.184894% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.685624% 0.157978% 1.263823% 0.000000% 4.107425% 2.285310% 0.316061% 2.384496% 0.000000% 4.985867% 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 74,696.41 0.00 0.00 74,696.41 30 Days 25 0 0 0 25 4,479,359.85 0.00 0.00 0.00 4,479,359.85 60 Days 4 0 6 0 10 412,750.19 0.00 1,405,347.43 0.00 1,818,097.62 90 Days 2 0 9 0 11 347,361.27 0.00 2,461,844.57 0.00 2,809,205.84 120 Days 0 1 11 0 12 0.00 90,805.83 1,503,212.51 0.00 1,594,018.34 150 Days 0 0 6 0 6 0.00 0.00 635,288.84 0.00 635,288.84 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 31 2 32 0 65 5,239,471.31 165,502.24 6,005,693.35 0.00 11,410,666.90 0-29 Days 0.090334% 0.000000% 0.000000% 0.090334% 0.033549% 0.000000% 0.000000% 0.033549% 30 Days 2.258356% 0.000000% 0.000000% 0.000000% 2.258356% 2.011847% 0.000000% 0.000000% 0.000000% 2.011847% 60 Days 0.361337% 0.000000% 0.542005% 0.000000% 0.903342% 0.185381% 0.000000% 0.631194% 0.000000% 0.816575% 90 Days 0.180668% 0.000000% 0.813008% 0.000000% 0.993677% 0.156013% 0.000000% 1.105706% 0.000000% 1.261719% 120 Days 0.000000% 0.090334% 0.993677% 0.000000% 1.084011% 0.000000% 0.040784% 0.675149% 0.000000% 0.715933% 150 Days 0.000000% 0.000000% 0.542005% 0.000000% 0.542005% 0.000000% 0.000000% 0.285332% 0.000000% 0.285332% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.800361% 0.180668% 2.890696% 0.000000% 5.871725% 2.353241% 0.074333% 2.697380% 0.000000% 5.124955%
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 7.867622% Weighted Average Net Coupon 7.367622% Weighted Average Pass-Through Rate 6.693176% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 4,739 Number Of Loans Paid In Full 87 Ending Scheduled Collateral Loan Count 4,652 Beginning Scheduled Collateral Balance 797,571,754.71 Ending Scheduled Collateral Balance 779,060,312.00 Ending Actual Collateral Balance at 31-Aug-2003 779,646,477.68 Monthly P &I Constant 5,843,102.19 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 779,060,312.00 Scheduled Principal 613,941.11 Unscheduled Principal 17,897,501.60
Miscellaneous Reporting Excess Cash Amount 1,901,192.91 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 7.785696 7.670530 8.744460 Weighted Average Net Rate 7.285696 7.170530 8.244459 Weighted Average Maturity 351 351 348 Beginning Loan Count 812 2,144 652 Loans Paid In Full 9 35 19 Ending Loan Count 803 2,109 633 Beginning Scheduled Balance 126,028,036.90 361,435,501.72 81,841,562.56 Ending scheduled Balance 124,403,600.12 354,411,445.49 77,772,186.64 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 927,293.13 2,583,816.05 660,089.54 Scheduled Principal 109,613.14 273,481.27 63,706.01 Unscheduled Principal 1,514,823.64 6,750,574.96 4,005,669.91 Scheduled Interest 817,679.99 2,310,334.78 596,383.53 Servicing Fees 52,511.66 150,598.09 34,100.67 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 367.56 1,054.24 238.68 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 47,328.51 261,038.85 26,365.82 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 717,472.26 1,897,643.60 535,678.36 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 6.831549 6.300356 7.854372
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.910552 7.867622 Weighted Average Net Rate 7.410552 7.367622 Weighted Average Maturity 348 351 Beginning Loan Count 1,131 4,739 Loans Paid In Full 24 87 Ending Loan Count 1,107 4,652 Beginning Scheduled Balance 228,266,653.53 797,571,754.71 Ending scheduled Balance 222,473,079.75 779,060,312.00 Record Date 08/31/2003 08/31/2003 Principal And Interest Constant 1,671,903.47 5,843,102.19 Scheduled Principal 167,140.69 613,941.11 Unscheduled Principal 5,626,433.09 17,897,501.60 Scheduled Interest 1,504,762.78 5,229,161.08 Servicing Fees 95,111.13 332,321.55 Master Servicing Fees 0.00 0.00 Trustee Fee 665.76 2,326.24 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 111,206.33 445,939.51 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 1,297,779.56 4,448,573.78 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 6.822440 6.693176
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