-----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, A7nBfr8LZu7l6k8p+xkCxfl5oWsImwZJR4/igUtyHqAFnLVAU3EZhKrGnoVzjvoD r4+sP8HT8Pw1kTfI2+6joQ== 0001056404-03-002019.txt : 20031105 0001056404-03-002019.hdr.sgml : 20031105 20031105114052 ACCESSION NUMBER: 0001056404-03-002019 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031025 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031105 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: 03978293 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc4.txt OCTOBER 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): October 27, 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 October 27, 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 October 27, 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: 10/30/03 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 October 27, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 9/30/03 Distribution Date: 10/27/03 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 1.24000% 225,496,432.22 248,547.17 8,747,386.12 1-A2 86358EBG0 SEN 1.93000% 183,309,000.00 294,821.97 0.00 2-A1 86358EBH8 SEN 1.24000% 135,894,609.38 149,786.06 8,232,037.69 2-A2 86358EBJ4 SEN 1.91000% 118,993,000.00 189,397.19 0.00 A-IO 86358EBK1 IO 6.00000% 0.00 1,359,679.98 0.00 M1 86358EBL9 MEZ 1.92000% 35,434,000.00 60,474.03 0.00 M2 86358EBM7 MEZ 3.12000% 37,082,000.00 102,840.75 0.00 M3 86358EBN5 MEZ 3.37000% 10,301,000.00 30,857.22 0.00 M4 86358EBP0 MEZ 4.37000% 12,361,000.00 48,015.62 0.00 M5 86358EBQ8 MEZ 4.62000% 7,004,000.00 28,763.09 0.00 B 86358EBR6 SEN 4.62000% 7,416,000.00 30,455.04 0.00 X SAI03BC4X SEN 0.00000% 5,769,270.40 1,786,250.16 0.00 P SAI03BC4P SEN 0.00000% 100.00 232,880.09 0.00 R SAI03B4R3 SEN 0.00000% 0.00 0.00 0.00 Totals 779,060,412.00 4,562,768.37 16,979,423.81
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 216,749,046.10 8,995,933.29 0.00 1-A2 0.00 183,309,000.00 294,821.97 0.00 2-A1 0.00 127,662,571.69 8,381,823.75 0.00 2-A2 0.00 118,993,000.00 189,397.19 0.00 A-IO 0.00 0.00 1,359,679.98 0.00 M1 0.00 35,434,000.00 60,474.03 0.00 M2 0.00 37,082,000.00 102,840.75 0.00 M3 0.00 10,301,000.00 30,857.22 0.00 M4 0.00 12,361,000.00 48,015.62 0.00 M5 0.00 7,004,000.00 28,763.09 0.00 B 0.00 7,416,000.00 30,455.04 0.00 X 0.00 5,769,270.40 1,786,250.16 0.00 P 0.00 100.00 232,880.09 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 762,080,988.19 21,542,192.18 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 246,749,000.00 225,496,432.22 0.00 8,747,386.12 0.00 0.00 1-A2 183,309,000.00 183,309,000.00 0.00 0.00 0.00 0.00 2-A1 159,631,000.00 135,894,609.38 0.00 8,232,037.69 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 824,049,370.40 779,060,412.00 0.00 16,979,423.81 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 8,747,386.12 216,749,046.10 0.87841915 8,747,386.12 1-A2 0.00 183,309,000.00 1.00000000 0.00 2-A1 8,232,037.69 127,662,571.69 0.79973546 8,232,037.69 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 16,979,423.81 762,080,988.19 0.92480016 16,979,423.81
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 246,749,000.00 913.86969033 0.00000000 35.45054335 0.00000000 1-A2 183,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 159,631,000.00 851.30462993 0.00000000 51.56916695 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 35.45054335 878.41914699 0.87841915 35.45054335 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 51.56916695 799.73546297 0.79973546 51.56916695 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, 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 1-A1 246,749,000.00 1.24000% 225,496,432.22 248,547.18 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 1.24000% 135,894,609.38 149,786.06 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 1.92000% 35,434,000.00 60,474.03 0.00 0.00 M2 37,082,000.00 3.12000% 37,082,000.00 102,840.75 0.00 0.00 M3 10,301,000.00 3.37000% 10,301,000.00 30,857.22 0.00 0.00 M4 12,361,000.00 4.37000% 12,361,000.00 48,015.62 0.00 0.00 M5 7,004,000.00 4.62000% 7,004,000.00 28,763.09 0.00 0.00 B 7,416,000.00 4.62000% 7,416,000.00 30,455.04 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 2,543,638.16 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 0.00 248,547.17 0.00 216,749,046.10 1-A2 0.00 0.00 294,821.97 0.00 183,309,000.00 2-A1 0.00 0.00 149,786.06 0.00 127,662,571.69 2-A2 0.00 0.00 189,397.19 0.00 118,993,000.00 A-IO 0.00 0.00 1,359,679.98 0.00 271,936,000.00 M1 0.00 0.00 60,474.03 0.00 35,434,000.00 M2 0.00 0.00 102,840.75 0.00 37,082,000.00 M3 0.00 0.00 30,857.22 0.00 10,301,000.00 M4 0.00 0.00 48,015.62 0.00 12,361,000.00 M5 0.00 0.00 28,763.09 0.00 7,004,000.00 B 0.00 0.00 30,455.04 0.00 7,416,000.00 X 0.00 0.00 1,786,250.16 0.00 5,769,270.40 P 0.00 0.00 232,880.09 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,562,768.37 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 1-A1 246,749,000.00 1.24000% 913.86969033 1.00728749 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 1.24000% 851.30462993 0.93832689 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 1.92000% 1000.00000000 1.70666676 0.00000000 0.00000000 M2 37,082,000.00 3.12000% 1000.00000000 2.77333342 0.00000000 0.00000000 M3 10,301,000.00 3.37000% 1000.00000000 2.99555577 0.00000000 0.00000000 M4 12,361,000.00 4.37000% 1000.00000000 3.88444462 0.00000000 0.00000000 M5 7,004,000.00 4.62000% 1000.00000000 4.10666619 0.00000000 0.00000000 B 7,416,000.00 4.62000% 1000.00000000 4.10666667 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 1.00728745 0.00000000 878.41914699 1-A2 0.00000000 0.00000000 1.60833331 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.93832689 0.00000000 799.73546297 2-A2 0.00000000 0.00000000 1.59166665 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 4.99999993 0.00000000 1000.00000000 M1 0.00000000 0.00000000 1.70666676 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.77333342 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.99555577 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.88444462 0.00000000 1000.00000000 M5 0.00000000 0.00000000 4.10666619 0.00000000 1000.00000000 B 0.00000000 0.00000000 4.10666667 0.00000000 1000.00000000 X 0.00000000 0.00000000 309.61456755 0.00000000 1000.00000000 P 0.00000000 0.00000000 2328800.90000000 0.00000000 1000.00000000 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 (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 22,316,351.80 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 22,316,351.80 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 774,159.62 Payment of Interest and Principal 21,542,192.18 Total Withdrawals (Pool Distribution Amount) 22,316,351.80 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 324,608.40 Credit Risk Manager's Fee 9,738.25 PMI Insurance Premium Fee 437,540.90 Securities Administration Fee (LEO TEST) 0.00 Wells Fargo Bank Minnesota, NA 2,272.07 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 774,159.62
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.44 0.44 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 7 0 0 7 765,390.25 0.00 0.00 765,390.25 30 Days 96 3 0 0 99 14,974,221.21 404,867.47 0.00 0.00 15,379,088.68 60 Days 17 2 20 0 39 2,229,089.79 321,570.64 3,386,435.89 0.00 5,937,096.32 90 Days 11 0 15 0 26 1,300,390.65 0.00 2,610,518.30 0.00 3,910,908.95 120 Days 2 2 15 0 19 72,738.24 145,766.59 3,390,405.33 0.00 3,608,910.16 150 Days 1 4 20 1 26 25,846.91 879,755.15 3,566,786.21 56,986.57 4,529,374.84 180+ Days 1 0 6 0 7 84,928.40 0.00 604,254.98 0.00 689,183.38 Totals 128 18 76 1 223 18,687,215.20 2,517,350.10 13,558,400.71 56,986.57 34,819,952.58 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 0.153374% 0.000000% 0.000000% 0.153374% 0.100355% 0.000000% 0.000000% 0.100355% 30 Days 2.103418% 0.065732% 0.000000% 0.000000% 2.169150% 1.963370% 0.053085% 0.000000% 0.000000% 2.016455% 60 Days 0.372480% 0.043821% 0.438212% 0.000000% 0.854514% 0.292271% 0.042163% 0.444018% 0.000000% 0.778452% 90 Days 0.241017% 0.000000% 0.328659% 0.000000% 0.569676% 0.170503% 0.000000% 0.342282% 0.000000% 0.512785% 120 Days 0.043821% 0.043821% 0.328659% 0.000000% 0.416301% 0.009537% 0.019112% 0.444539% 0.000000% 0.473188% 150 Days 0.021911% 0.087642% 0.438212% 0.021911% 0.569676% 0.003389% 0.115351% 0.467665% 0.007472% 0.593877% 180+ Days 0.021911% 0.000000% 0.131464% 0.000000% 0.153374% 0.011136% 0.000000% 0.079228% 0.000000% 0.090363% Totals 2.804557% 0.394391% 1.665206% 0.021911% 4.886065% 2.450205% 0.330067% 1.777732% 0.007472% 4.565476%
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 3 0 0 3 288,479.36 0.00 0.00 288,479.36 30 Days 4 0 0 0 4 281,070.35 0.00 0.00 0.00 281,070.35 60 Days 1 0 0 0 1 54,947.10 0.00 0.00 0.00 54,947.10 90 Days 2 0 2 0 4 178,775.01 0.00 492,197.15 0.00 670,972.16 120 Days 0 0 3 0 3 0.00 0.00 352,834.44 0.00 352,834.44 150 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 7 3 5 0 15 514,792.46 288,479.36 845,031.59 0.00 1,648,303.41 0-29 Days 0.377834% 0.000000% 0.000000% 0.377834% 0.234375% 0.000000% 0.000000% 0.234375% 30 Days 0.503778% 0.000000% 0.000000% 0.000000% 0.503778% 0.228356% 0.000000% 0.000000% 0.000000% 0.228356% 60 Days 0.125945% 0.000000% 0.000000% 0.000000% 0.125945% 0.044642% 0.000000% 0.000000% 0.000000% 0.044642% 90 Days 0.251889% 0.000000% 0.251889% 0.000000% 0.503778% 0.145246% 0.000000% 0.399885% 0.000000% 0.545131% 120 Days 0.000000% 0.000000% 0.377834% 0.000000% 0.377834% 0.000000% 0.000000% 0.286660% 0.000000% 0.286660% 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 0.881612% 0.377834% 0.629723% 0.000000% 1.889169% 0.418243% 0.234375% 0.686546% 0.000000% 1.339164% 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 1 0 0 1 92,616.36 0.00 0.00 92,616.36 30 Days 40 1 0 0 41 6,537,777.24 75,028.62 0.00 0.00 6,612,805.86 60 Days 10 2 9 0 21 1,573,194.10 321,570.64 1,446,856.08 0.00 3,341,620.82 90 Days 7 0 4 0 11 975,018.60 0.00 645,774.71 0.00 1,620,793.31 120 Days 0 1 3 0 4 0.00 103,500.00 312,936.09 0.00 416,436.09 150 Days 0 1 5 0 6 0.00 304,000.00 995,426.33 0.00 1,299,426.33 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 57 6 21 0 84 9,085,989.94 896,715.62 3,400,993.21 0.00 13,383,698.77 0-29 Days 0.048286% 0.000000% 0.000000% 0.048286% 0.026665% 0.000000% 0.000000% 0.026665% 30 Days 1.931434% 0.048286% 0.000000% 0.000000% 1.979720% 1.882251% 0.021601% 0.000000% 0.000000% 1.903852% 60 Days 0.482859% 0.096572% 0.434573% 0.000000% 1.014003% 0.452929% 0.092581% 0.416555% 0.000000% 0.962065% 90 Days 0.338001% 0.000000% 0.193143% 0.000000% 0.531144% 0.280712% 0.000000% 0.185921% 0.000000% 0.466633% 120 Days 0.000000% 0.048286% 0.144858% 0.000000% 0.193143% 0.000000% 0.029798% 0.090096% 0.000000% 0.119894% 150 Days 0.000000% 0.048286% 0.241429% 0.000000% 0.289715% 0.000000% 0.087523% 0.286587% 0.000000% 0.374110% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 2.752294% 0.289715% 1.014003% 0.000000% 4.056012% 2.615891% 0.258168% 0.979159% 0.000000% 3.853218% 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 1 245,848.41 0.00 0.00 245,848.41 30 Days 21 0 0 0 21 2,715,122.35 0.00 0.00 0.00 2,715,122.35 60 Days 4 0 0 0 4 231,203.80 0.00 0.00 0.00 231,203.80 90 Days 1 0 1 0 2 56,690.32 0.00 40,141.71 0.00 96,832.03 120 Days 1 0 0 0 1 30,433.79 0.00 0.00 0.00 30,433.79 150 Days 1 1 6 0 8 25,846.91 435,000.00 1,175,083.26 0.00 1,635,930.17 180 Days 1 0 1 0 2 84,928.40 0.00 58,981.14 0.00 143,909.54 Totals 29 2 8 0 39 3,144,225.57 680,848.41 1,274,206.11 0.00 5,099,280.09 0-29 Days 0.162866% 0.000000% 0.000000% 0.162866% 0.329323% 0.000000% 0.000000% 0.329323% 30 Days 3.420195% 0.000000% 0.000000% 0.000000% 3.420195% 3.637007% 0.000000% 0.000000% 0.000000% 3.637007% 60 Days 0.651466% 0.000000% 0.000000% 0.000000% 0.651466% 0.309706% 0.000000% 0.000000% 0.000000% 0.309706% 90 Days 0.162866% 0.000000% 0.162866% 0.000000% 0.325733% 0.075939% 0.000000% 0.053771% 0.000000% 0.129710% 120 Days 0.162866% 0.000000% 0.000000% 0.000000% 0.162866% 0.040767% 0.000000% 0.000000% 0.000000% 0.040767% 150 Days 0.162866% 0.162866% 0.977199% 0.000000% 1.302932% 0.034623% 0.582699% 1.574067% 0.000000% 2.191389% 180 Days 0.162866% 0.000000% 0.162866% 0.000000% 0.325733% 0.113765% 0.000000% 0.079007% 0.000000% 0.192772% Totals 4.723127% 0.325733% 1.302932% 0.000000% 6.351792% 4.211806% 0.912022% 1.706846% 0.000000% 6.830674% 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 2 0 0 2 138,446.12 0.00 0.00 138,446.12 30 Days 31 2 0 0 33 5,440,251.27 329,838.85 0.00 0.00 5,770,090.12 60 Days 2 0 11 0 13 369,744.79 0.00 1,939,579.81 0.00 2,309,324.60 90 Days 1 0 8 0 9 89,906.72 0.00 1,432,404.73 0.00 1,522,311.45 120 Days 1 1 9 0 11 42,304.45 42,266.59 2,724,634.80 0.00 2,809,205.84 150 Days 0 2 9 1 12 0.00 140,755.15 1,396,276.62 56,986.57 1,594,018.34 180 Days 0 0 5 0 5 0.00 0.00 545,273.84 0.00 545,273.84 Totals 35 7 42 1 85 5,942,207.23 651,306.71 8,038,169.80 56,986.57 14,688,670.31 0-29 Days 0.184332% 0.000000% 0.000000% 0.184332% 0.063623% 0.000000% 0.000000% 0.063623% 30 Days 2.857143% 0.184332% 0.000000% 0.000000% 3.041475% 2.500068% 0.151577% 0.000000% 0.000000% 2.651645% 60 Days 0.184332% 0.000000% 1.013825% 0.000000% 1.198157% 0.169916% 0.000000% 0.891334% 0.000000% 1.061250% 90 Days 0.092166% 0.000000% 0.737327% 0.000000% 0.829493% 0.041317% 0.000000% 0.658262% 0.000000% 0.699578% 120 Days 0.092166% 0.092166% 0.829493% 0.000000% 1.013825% 0.019441% 0.019424% 1.252106% 0.000000% 1.290971% 150 Days 0.000000% 0.184332% 0.829493% 0.092166% 1.105991% 0.000000% 0.064684% 0.641659% 0.026188% 0.732531% 180 Days 0.000000% 0.000000% 0.460829% 0.000000% 0.460829% 0.000000% 0.000000% 0.250581% 0.000000% 0.250581% Totals 3.225806% 0.645161% 3.870968% 0.092166% 7.834101% 2.730742% 0.299308% 3.693941% 0.026188% 6.750179%
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 7.861853% Weighted Average Net Coupon 7.361853% Weighted Average Pass-Through Rate 6.684401% Weighted Average Maturity(Stepdown Calculation ) 350 Beginning Scheduled Collateral Loan Count 4,652 Number Of Loans Paid In Full 88 Ending Scheduled Collateral Loan Count 4,564 Beginning Scheduled Collateral Balance 779,060,312.00 Ending Scheduled Collateral Balance 762,080,888.19 Ending Actual Collateral Balance at 30-Sep-2003 762,679,567.43 Monthly P &I Constant 5,709,399.59 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 762,080,888.19 Scheduled Principal 605,351.87 Unscheduled Principal 16,374,071.94
Miscellaneous Reporting Excess Cash Amount 1,786,249.72 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 7.783303 7.664107 8.773091 Weighted Average Net Rate 7.283303 7.164107 8.273091 Weighted Average Maturity 350 350 347 Beginning Loan Count 803 2,109 633 Loans Paid In Full 9 38 19 Ending Loan Count 794 2,071 614 Beginning Scheduled Balance 124,403,600.12 354,411,445.49 77,772,186.64 Ending scheduled Balance 122,993,044.82 347,074,614.67 74,590,848.44 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal And Interest Constant 916,177.84 2,534,007.75 629,768.03 Scheduled Principal 109,285.38 270,468.36 61,182.63 Unscheduled Principal 1,301,269.92 7,066,362.46 3,120,155.57 Scheduled Interest 806,892.46 2,263,539.39 568,585.40 Servicing Fees 51,834.83 147,671.41 32,405.06 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 362.85 1,033.73 226.80 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 46,943.72 256,625.51 24,601.13 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 707,751.06 1,858,208.74 511,352.41 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 6.826983 6.291700 7.890004
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.902244 7.861853 Weighted Average Net Rate 7.402244 7.361853 Weighted Average Maturity 347 350 Beginning Loan Count 1,107 4,652 Loans Paid In Full 22 88 Ending Loan Count 1,085 4,564 Beginning Scheduled Balance 222,473,079.75 779,060,312.00 Ending scheduled Balance 217,422,380.26 762,080,888.19 Record Date 09/30/2003 09/30/2003 Principal And Interest Constant 1,629,445.97 5,709,399.59 Scheduled Principal 164,415.50 605,351.87 Unscheduled Principal 4,886,283.99 16,374,071.94 Scheduled Interest 1,465,030.47 5,104,047.72 Servicing Fees 92,697.10 324,608.40 Master Servicing Fees 0.00 0.00 Trustee Fee 648.87 2,272.25 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 109,370.58 437,540.94 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 1,262,313.92 4,339,626.13 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 6.808809 6.684401
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