-----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, RPkhPXrzSlQWFC2XcR/lOdWx5ew5TaBOHi7YVTp+PsdXPfpygZh2xZV9BQR1mUc/ xz0ly/NGnlHIOYj6ep5PlQ== 0001056404-04-000227.txt : 20040109 0001056404-04-000227.hdr.sgml : 20040109 20040109155416 ACCESSION NUMBER: 0001056404-04-000227 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031225 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040109 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: 04517996 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sai03bc4_dec.txt DECEMBER 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): December 26, 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 Pooling and Servicing Agreement) (Commission 54-2114688 (State or other File Number) 54-2114689 jurisdiction 54-2114690 of Incorporation) IRS EIN 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 December 26, 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 December 26, 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 as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/7/04 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 December 26, 2003 distribution. EX-99.1
Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 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 1.23875% 201,921,110.03 215,389.53 10,887,665.42 1-A2 86358EBG0 SEN 1.93000% 183,309,000.00 294,821.97 0.00 2-A1 86358EBH8 SEN 1.23875% 119,079,873.41 127,022.66 5,060,110.83 2-A2 86358EBJ4 SEN 1.91000% 118,993,000.00 189,397.19 0.00 A-IO 86358EBK1 IO 6.00000% 0.00 1,112,464.98 0.00 M1 86358EBL9 MEZ 1.91875% 35,434,000.00 58,546.07 0.00 M2 86358EBM7 MEZ 3.11875% 37,082,000.00 99,587.06 0.00 M3 86358EBN5 MEZ 3.36875% 10,301,000.00 29,881.84 0.00 M4 86358EBP0 MEZ 4.36875% 12,361,000.00 46,501.82 0.00 M5 86358EBQ8 MEZ 4.61875% 7,004,000.00 27,856.71 0.00 B 86358EBR6 SEN 4.61875% 7,416,000.00 29,495.34 0.00 X SAI03BC4X SEN 0.00000% 5,769,270.40 1,868,034.01 0.00 P SAI03BC4P SEN 0.00000% 100.00 234,991.44 0.00 R SAI03B4R3 SEN 0.00000% 0.00 0.00 0.00 Totals 738,670,353.84 4,333,990.62 15,947,776.25
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A1 0.00 191,033,444.61 11,103,054.95 0.00 1-A2 0.00 183,309,000.00 294,821.97 0.00 2-A1 0.00 114,019,762.58 5,187,133.49 0.00 2-A2 0.00 118,993,000.00 189,397.19 0.00 A-IO 0.00 0.00 1,112,464.98 0.00 M1 0.00 35,434,000.00 58,546.07 0.00 M2 0.00 37,082,000.00 99,587.06 0.00 M3 0.00 10,301,000.00 29,881.84 0.00 M4 0.00 12,361,000.00 46,501.82 0.00 M5 0.00 7,004,000.00 27,856.71 0.00 B 0.00 7,416,000.00 29,495.34 0.00 X 0.00 5,769,270.40 1,868,034.01 0.00 P 0.00 100.00 234,991.44 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 722,722,577.59 20,281,766.87 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 246,749,000.00 201,921,110.03 0.00 10,887,665.42 0.00 0.00 1-A2 183,309,000.00 183,309,000.00 0.00 0.00 0.00 0.00 2-A1 159,631,000.00 119,079,873.41 0.00 5,060,110.83 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 824,049,370.40 738,670,353.84 0.00 15,947,776.25 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 10,887,665.42 191,033,444.61 0.77420149 10,887,665.42 1-A2 0.00 183,309,000.00 1.00000000 0.00 2-A1 5,060,110.83 114,019,762.58 0.71427080 5,060,110.83 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 15,947,776.25 722,722,577.59 0.87703796 15,947,776.25
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A1 246,749,000.00 818.32595078 0.00000000 44.12445611 0.00000000 1-A2 183,309,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 2-A1 159,631,000.00 745.96960121 0.00000000 31.69879804 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 44.12445611 774.20149468 0.77420149 44.12445611 1-A2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 2-A1 0.00000000 31.69879804 714.27080316 0.71427080 31.69879804 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 1.23875% 201,921,110.03 215,389.53 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 1.23875% 119,079,873.41 127,022.67 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% 222,493,000.00 1,112,465.00 0.00 0.00 M1 35,434,000.00 1.91875% 35,434,000.00 58,546.07 0.00 0.00 M2 37,082,000.00 3.11875% 37,082,000.00 99,587.06 0.00 0.00 M3 10,301,000.00 3.36875% 10,301,000.00 29,881.84 0.00 0.00 M4 12,361,000.00 4.36875% 12,361,000.00 46,501.82 0.00 0.00 M5 7,004,000.00 4.61875% 7,004,000.00 27,856.71 0.00 0.00 B 7,416,000.00 4.61875% 7,416,000.00 29,495.34 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 2,230,965.21 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 0.00 215,389.53 0.00 191,033,444.61 1-A2 0.00 0.00 294,821.97 0.00 183,309,000.00 2-A1 0.00 0.00 127,022.66 0.00 114,019,762.58 2-A2 0.00 0.00 189,397.19 0.00 118,993,000.00 A-IO 0.00 0.00 1,112,464.98 0.00 222,493,000.00 M1 0.00 0.00 58,546.07 0.00 35,434,000.00 M2 0.00 0.00 99,587.06 0.00 37,082,000.00 M3 0.00 0.00 29,881.84 0.00 10,301,000.00 M4 0.00 0.00 46,501.82 0.00 12,361,000.00 M5 0.00 0.00 27,856.71 0.00 7,004,000.00 B 0.00 0.00 29,495.34 0.00 7,416,000.00 X 0.00 0.00 1,868,034.01 0.00 5,769,270.40 P 0.00 0.00 234,991.44 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,333,990.62 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 1.23875% 818.32595078 0.87290943 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 1.23875% 745.96960121 0.79572683 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% 818.18148388 4.09090742 0.00000000 0.00000000 M1 35,434,000.00 1.91875% 1000.00000000 1.65225687 0.00000000 0.00000000 M2 37,082,000.00 3.11875% 1000.00000000 2.68559031 0.00000000 0.00000000 M3 10,301,000.00 3.36875% 1000.00000000 2.90086788 0.00000000 0.00000000 M4 12,361,000.00 4.36875% 1000.00000000 3.76197880 0.00000000 0.00000000 M5 7,004,000.00 4.61875% 1000.00000000 3.97725728 0.00000000 0.00000000 B 7,416,000.00 4.61875% 1000.00000000 3.97725728 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 0.87290943 0.00000000 774.20149468 1-A2 0.00000000 0.00000000 1.60833331 0.00000000 1000.00000000 2-A1 0.00000000 0.00000000 0.79572677 0.00000000 714.27080316 2-A2 0.00000000 0.00000000 1.59166665 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 4.09090735 0.00000000 818.18148388 M1 0.00000000 0.00000000 1.65225687 0.00000000 1000.00000000 M2 0.00000000 0.00000000 2.68559031 0.00000000 1000.00000000 M3 0.00000000 0.00000000 2.90086788 0.00000000 1000.00000000 M4 0.00000000 0.00000000 3.76197880 0.00000000 1000.00000000 M5 0.00000000 0.00000000 3.97725728 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.97725728 0.00000000 1000.00000000 X 0.00000000 0.00000000 323.79033751 0.00000000 1000.00000000 P 0.00000000 0.00000000 2349914.40000000 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 21,018,030.85 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 21,018,030.85 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 736,263.98 Payment of Interest and Principal 20,281,766.87 Total Withdrawals (Pool Distribution Amount) 21,018,030.85 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 307,779.11 Credit Risk Manager's Fee 9,233.38 PMI Insurance Premium Fee 417,097.24 Wells Fargo Bank Minnesota, NA 2,154.25 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 736,263.98
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Reserve Fund 1,000.00 0.46 0.46 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 9 0 0 9 1,300,345.29 0.00 0.00 1,300,345.29 30 Days 109 2 0 0 111 14,186,730.96 338,956.40 0.00 0.00 14,525,687.36 60 Days 51 3 5 0 59 8,605,187.96 258,144.64 799,285.31 0.00 9,662,617.91 90 Days 5 3 29 0 37 850,611.45 331,305.04 4,690,256.80 0.00 5,872,173.29 120 Days 5 2 19 0 26 419,139.89 253,569.58 2,900,666.76 0.00 3,573,376.23 150 Days 3 2 13 0 18 377,205.97 211,035.19 1,780,824.81 0.00 2,369,065.97 180+ Days 5 3 29 5 42 501,704.53 190,832.77 5,077,719.08 1,412,048.97 7,182,305.35 Totals 178 24 95 5 302 24,940,580.76 2,884,188.91 15,248,752.76 1,412,048.97 44,485,571.40 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 0.206612% 0.000000% 0.000000% 0.206612% 0.179764% 0.000000% 0.000000% 0.179764% 30 Days 2.502296% 0.045914% 0.000000% 0.000000% 2.548209% 1.961225% 0.046859% 0.000000% 0.000000% 2.008083% 60 Days 1.170799% 0.068871% 0.114784% 0.000000% 1.354454% 1.189612% 0.035687% 0.110496% 0.000000% 1.335795% 90 Days 0.114784% 0.068871% 0.665748% 0.000000% 0.849403% 0.117592% 0.045801% 0.648398% 0.000000% 0.811790% 120 Days 0.114784% 0.045914% 0.436180% 0.000000% 0.596878% 0.057943% 0.035054% 0.400999% 0.000000% 0.493996% 150 Days 0.068871% 0.045914% 0.298439% 0.000000% 0.413223% 0.052146% 0.029174% 0.246188% 0.000000% 0.327508% 180+ Days 0.114784% 0.068871% 0.665748% 0.114784% 0.964187% 0.069357% 0.026381% 0.701962% 0.195207% 0.992908% Totals 4.086318% 0.550964% 2.180900% 0.114784% 6.932966% 3.447876% 0.398721% 2.108043% 0.195207% 6.149846%
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 2 193,638.17 0.00 0.00 193,638.17 30 Days 6 0 0 0 6 435,979.54 0.00 0.00 0.00 435,979.54 60 Days 4 1 0 0 5 561,329.92 46,721.86 0.00 0.00 608,051.78 90 Days 1 0 0 0 1 310,083.27 0.00 0.00 0.00 310,083.27 120 Days 1 0 0 0 1 54,947.10 0.00 0.00 0.00 54,947.10 150 Days 1 0 1 0 2 61,905.15 0.00 181,835.11 0.00 243,740.26 180 Days 0 0 3 0 3 0.00 0.00 352,834.44 0.00 352,834.44 Totals 13 3 4 0 20 1,424,244.98 240,360.03 534,669.55 0.00 2,199,274.56 0-29 Days 0.262123% 0.000000% 0.000000% 0.262123% 0.164983% 0.000000% 0.000000% 0.164983% 30 Days 0.786370% 0.000000% 0.000000% 0.000000% 0.786370% 0.371462% 0.000000% 0.000000% 0.000000% 0.371462% 60 Days 0.524246% 0.131062% 0.000000% 0.000000% 0.655308% 0.478263% 0.039808% 0.000000% 0.000000% 0.518070% 90 Days 0.131062% 0.000000% 0.000000% 0.000000% 0.131062% 0.264196% 0.000000% 0.000000% 0.000000% 0.264196% 120 Days 0.131062% 0.000000% 0.000000% 0.000000% 0.131062% 0.046816% 0.000000% 0.000000% 0.000000% 0.046816% 150 Days 0.131062% 0.000000% 0.131062% 0.000000% 0.262123% 0.052744% 0.000000% 0.154927% 0.000000% 0.207671% 180 Days 0.000000% 0.000000% 0.393185% 0.000000% 0.393185% 0.000000% 0.000000% 0.300621% 0.000000% 0.300621% Totals 1.703801% 0.393185% 0.524246% 0.000000% 2.621232% 1.213481% 0.204791% 0.455547% 0.000000% 1.873819% 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 45 1 0 0 46 6,022,482.12 68,685.76 0.00 0.00 6,091,167.88 60 Days 17 2 3 0 22 2,746,894.66 211,422.78 336,328.79 0.00 3,294,646.23 90 Days 1 2 15 0 18 255,555.66 271,988.96 2,362,944.43 0.00 2,890,489.05 120 Days 2 1 13 0 16 194,480.40 203,698.61 2,070,635.24 0.00 2,468,814.25 150 Days 1 2 6 0 9 258,610.50 211,035.19 614,601.53 0.00 1,084,247.22 180 Days 0 0 5 1 6 0.00 0.00 753,998.88 304,826.33 1,058,825.21 Totals 66 8 42 1 117 9,478,023.34 966,831.30 6,138,508.87 304,826.33 16,888,189.84 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.291242% 0.050916% 0.000000% 0.000000% 2.342159% 1.839808% 0.020983% 0.000000% 0.000000% 1.860791% 60 Days 0.865580% 0.101833% 0.152749% 0.000000% 1.120163% 0.839149% 0.064588% 0.102745% 0.000000% 1.006481% 90 Days 0.050916% 0.101833% 0.763747% 0.000000% 0.916497% 0.078070% 0.083090% 0.721856% 0.000000% 0.883015% 120 Days 0.101833% 0.050916% 0.661914% 0.000000% 0.814664% 0.059412% 0.062228% 0.632558% 0.000000% 0.754198% 150 Days 0.050916% 0.101833% 0.305499% 0.000000% 0.458248% 0.079003% 0.064469% 0.187755% 0.000000% 0.331227% 180 Days 0.000000% 0.000000% 0.254582% 0.050916% 0.305499% 0.000000% 0.000000% 0.230339% 0.093121% 0.323460% Totals 3.360489% 0.407332% 2.138493% 0.050916% 5.957230% 2.895441% 0.295357% 1.875253% 0.093121% 5.159172% 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 2 0 0 2 278,188.44 0.00 0.00 278,188.44 30 Days 24 0 0 0 24 3,378,945.66 0.00 0.00 0.00 3,378,945.66 60 Days 14 0 1 0 15 1,748,547.49 0.00 321,124.97 0.00 2,069,672.46 90 Days 1 0 5 0 6 25,469.46 0.00 720,034.72 0.00 745,504.18 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 1 0 1 0 2 56,690.32 0.00 40,141.71 0.00 96,832.03 180 Days 4 0 6 1 11 459,400.08 0.00 973,793.36 377,080.06 1,810,273.50 Totals 44 2 13 1 60 5,669,053.01 278,188.44 2,055,094.76 377,080.06 8,379,416.27 0-29 Days 0.337838% 0.000000% 0.000000% 0.337838% 0.389738% 0.000000% 0.000000% 0.389738% 30 Days 4.054054% 0.000000% 0.000000% 0.000000% 4.054054% 4.733859% 0.000000% 0.000000% 0.000000% 4.733859% 60 Days 2.364865% 0.000000% 0.168919% 0.000000% 2.533784% 2.449692% 0.000000% 0.449892% 0.000000% 2.899584% 90 Days 0.168919% 0.000000% 0.844595% 0.000000% 1.013514% 0.035682% 0.000000% 1.008759% 0.000000% 1.044442% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.168919% 0.000000% 0.168919% 0.000000% 0.337838% 0.079422% 0.000000% 0.056238% 0.000000% 0.135660% 180 Days 0.675676% 0.000000% 1.013514% 0.168919% 1.858108% 0.643614% 0.000000% 1.364272% 0.528284% 2.536170% Totals 7.432432% 0.337838% 2.195946% 0.168919% 10.135135% 7.942270% 0.389738% 2.879161% 0.528284% 11.739454% 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 5 0 0 5 828,518.68 0.00 0.00 828,518.68 30 Days 34 1 0 0 35 4,349,323.64 270,270.64 0.00 0.00 4,619,594.28 60 Days 16 0 1 0 17 3,548,415.89 0.00 141,831.55 0.00 3,690,247.44 90 Days 2 1 9 0 12 259,503.06 59,316.08 1,607,277.65 0.00 1,926,096.79 120 Days 2 1 6 0 9 169,712.39 49,870.97 830,031.52 0.00 1,049,614.88 150 Days 0 0 5 0 5 0.00 0.00 944,246.46 0.00 944,246.46 180 Days 1 3 15 3 22 42,304.45 190,832.77 2,997,092.40 730,142.58 3,960,372.20 Totals 55 11 36 3 105 8,369,259.43 1,398,809.14 6,520,479.58 730,142.58 17,018,690.73 0-29 Days 0.482160% 0.000000% 0.000000% 0.482160% 0.399727% 0.000000% 0.000000% 0.399727% 30 Days 3.278689% 0.096432% 0.000000% 0.000000% 3.375121% 2.098376% 0.130395% 0.000000% 0.000000% 2.228771% 60 Days 1.542912% 0.000000% 0.096432% 0.000000% 1.639344% 1.711970% 0.000000% 0.068428% 0.000000% 1.780398% 90 Days 0.192864% 0.096432% 0.867888% 0.000000% 1.157184% 0.125200% 0.028618% 0.775448% 0.000000% 0.929265% 120 Days 0.192864% 0.096432% 0.578592% 0.000000% 0.867888% 0.081879% 0.024061% 0.400457% 0.000000% 0.506397% 150 Days 0.000000% 0.000000% 0.482160% 0.000000% 0.482160% 0.000000% 0.000000% 0.455561% 0.000000% 0.455561% 180 Days 0.096432% 0.289296% 1.446480% 0.289296% 2.121504% 0.020410% 0.092069% 1.445978% 0.352265% 1.910722% Totals 5.303761% 1.060752% 3.471553% 0.289296% 10.125362% 4.037835% 0.674870% 3.145872% 0.352265% 8.210842%
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 7.855083% Weighted Average Net Coupon 7.355082% Weighted Average Pass-Through Rate 6.673991% Weighted Average Maturity(Stepdown Calculation ) 348 Beginning Scheduled Collateral Loan Count 4,442 Number Of Loans Paid In Full 86 Ending Scheduled Collateral Loan Count 4,356 Beginning Scheduled Collateral Balance 738,670,253.84 Ending Scheduled Collateral Balance 722,722,477.59 Ending Actual Collateral Balance at 30-Nov-2003 723,360,765.84 Monthly P &I Constant 5,421,233.60 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 48,360.32 Ending Scheduled Balance for Premium Loans 722,722,477.59 Scheduled Principal 585,970.40 Unscheduled Principal 15,361,805.85
Miscellaneous Reporting Excess Cash Amount 1,868,033.55 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 7.768412 7.652188 8.773210 Weighted Average Net Rate 7.268412 7.152187 8.273210 Weighted Average Maturity 348 348 345 Beginning Loan Count 777 2,010 600 Loans Paid In Full 14 46 8 Ending Loan Count 763 1,964 592 Beginning Scheduled Balance 119,563,732.45 335,657,519.81 72,823,626.66 Ending scheduled Balance 117,272,011.35 327,061,575.49 71,307,767.30 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 881,250.88 2,402,339.24 590,913.51 Scheduled Principal 107,233.97 261,910.65 58,499.37 Unscheduled Principal 2,184,487.13 8,334,033.67 1,457,359.99 Scheduled Interest 774,016.91 2,140,428.59 532,414.14 Servicing Fees 49,818.21 139,857.34 30,343.20 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 348.75 979.00 212.34 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 45,888.70 245,867.05 22,447.87 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 677,961.25 1,753,725.20 479,410.73 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 48,360.32 0.00 Percentage of Cumulative Losses 0.0000 0.0130 0.0000 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.804350 6.269695 7.899810
Group Level Collateral Statement Group 2(B) Total Collateral Description Fixed 15/30 & ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.910178 7.855083 Weighted Average Net Rate 7.410178 7.355082 Weighted Average Maturity 345 348 Beginning Loan Count 1,055 4,442 Loans Paid In Full 18 86 Ending Loan Count 1,037 4,356 Beginning Scheduled Balance 210,625,374.92 738,670,253.84 Ending scheduled Balance 207,081,123.45 722,722,477.59 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 1,546,729.97 5,421,233.60 Scheduled Principal 158,326.41 585,970.40 Unscheduled Principal 3,385,925.06 15,361,805.85 Scheduled Interest 1,388,403.56 4,835,263.20 Servicing Fees 87,760.58 307,779.33 Master Servicing Fees 0.00 0.00 Trustee Fee 614.34 2,154.43 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 102,893.74 417,097.36 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 1,197,134.90 4,108,232.08 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 48,360.32 Percentage of Cumulative Losses 0.0000 0.0059 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 6.820460 6.673991
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