-----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, HF1P5p4HiFUPw46E8z8MOfpxuhUvsfR1H2Qfw5T2fYzPgnlPfGWgoZ2Wf3KoQNIW z9xI+Vz6alpqhJ+nkAayMA== 0001056404-03-001594.txt : 20030908 0001056404-03-001594.hdr.sgml : 20030908 20030908133449 ACCESSION NUMBER: 0001056404-03-001594 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 SECURITIES CORP THORN MORT SEC TR 2003-3 CENTRAL INDEX KEY: 0001238253 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: 333-102489-15 FILM NUMBER: 03885611 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 thb03003_aug.txt AUGUST 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D. C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 25, 2003 THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-3 Trust (Exact name of registrant as specified in its charter) 54-2120381 New York (governing law of 333-102489-15 54-2120382 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 August 25, 2003 a distribution was made to holders of THORNBURG MORTGAGE SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-3 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 2003-3 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. THORNBURG MORTGAGE SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-3 Trust By: Wells Fargo Bank Minnesota, N.A., as Securities Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/6/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-3 Trust, relating to the August 25, 2003 distribution. EX-99.1
Thornburg Mortgage Home Loans, Inc. Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 THB Series: 2003-3 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 A1 885220DN0 SEN 2.87683% 203,127,491.64 487,836.45 1,958,594.93 R 885220DV2 SEN 2.87312% 0.00 0.00 0.00 A2 885220DP5 SEN 4.10896% 112,132,932.71 384,641.42 6,031,885.85 A3 885220DQ3 SEN 4.64970% 304,135,002.94 1,180,543.55 24,566,896.93 A4 885220DR1 SEN 5.12893% 94,696,255.97 405,462.57 567,565.70 B1 885220DS9 SUB 4.13276% 7,614,371.68 26,270.33 2,355.02 B2 885220DT7 SUB 4.13276% 5,710,528.91 19,701.88 1,766.18 B3 885220DU4 SUB 4.13276% 4,568,223.25 15,760.82 1,412.89 B4 885220DK6 SUB 4.13276% 1,141,306.27 3,937.62 352.99 B5 885220DL4 SUB 4.13276% 760,537.71 2,623.93 235.22 B6 885220DM2 SUB 4.13276% 1,909,019.62 6,586.30 590.43 Totals 735,795,670.70 2,533,364.87 33,131,656.14
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A1 0.00 201,168,896.72 2,446,431.38 0.00 R 0.00 0.00 0.00 0.00 A2 0.00 106,101,046.86 6,416,527.27 0.00 A3 0.00 279,568,106.01 25,747,440.48 0.00 A4 0.00 94,128,690.26 973,028.27 0.00 B1 0.00 7,612,016.66 28,625.35 0.00 B2 0.00 5,708,762.73 21,468.06 0.00 B3 0.00 4,566,810.36 17,173.71 0.00 B4 0.00 1,140,953.28 4,290.61 0.00 B5 0.00 760,302.49 2,859.15 0.00 B6 0.00 1,908,429.19 7,176.73 0.00 Totals 0.00 702,664,014.56 35,665,021.01 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) A1 206,768,000.00 203,127,491.64 7,463.72 1,951,131.21 0.00 0.00 R 100.00 0.00 0.00 0.00 0.00 0.00 A2 115,273,000.00 112,132,932.71 20,372.34 6,011,513.51 0.00 0.00 A3 321,254,000.00 304,135,002.94 165,062.50 24,401,834.43 0.00 0.00 A4 96,961,000.00 94,696,255.97 25,521.02 542,044.68 0.00 0.00 B1 7,619,000.00 7,614,371.68 2,355.02 0.00 0.00 0.00 B2 5,714,000.00 5,710,528.91 1,766.18 0.00 0.00 0.00 B3 4,571,000.00 4,568,223.25 1,412.89 0.00 0.00 0.00 B4 1,142,000.00 1,141,306.27 352.99 0.00 0.00 0.00 B5 761,000.00 760,537.71 235.22 0.00 0.00 0.00 B6 1,910,180.00 1,909,019.62 590.43 0.00 0.00 0.00 Totals 761,973,280.00 735,795,670.70 225,132.31 32,906,523.83 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 A1 1,958,594.93 201,168,896.72 0.97292084 1,958,594.93 R 0.00 0.00 0.00000000 0.00 A2 6,031,885.85 106,101,046.86 0.92043277 6,031,885.85 A3 24,566,896.93 279,568,106.01 0.87024008 24,566,896.93 A4 567,565.70 94,128,690.26 0.97078919 567,565.70 B1 2,355.02 7,612,016.66 0.99908343 2,355.02 B2 1,766.18 5,708,762.73 0.99908343 1,766.18 B3 1,412.89 4,566,810.36 0.99908343 1,412.89 B4 352.99 1,140,953.28 0.99908343 352.99 B5 235.22 760,302.49 0.99908343 235.22 B6 590.43 1,908,429.19 0.99908343 590.43 Totals 33,131,656.14 702,664,014.56 0.92216359 33,131,656.14
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A1 206,768,000.00 982.39326995 0.03609707 9.43633062 0.00000000 R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 A2 115,273,000.00 972.75973307 0.17673124 52.15023041 0.00000000 A3 321,254,000.00 946.71195671 0.51380683 75.95807190 0.00000000 A4 96,961,000.00 976.64273234 0.26320913 5.59033715 0.00000000 B1 7,619,000.00 999.39252920 0.30909831 0.00000000 0.00000000 B2 5,714,000.00 999.39252888 0.30909695 0.00000000 0.00000000 B3 4,571,000.00 999.39252899 0.30909867 0.00000000 0.00000000 B4 1,142,000.00 999.39253065 0.30909807 0.00000000 0.00000000 B5 761,000.00 999.39252300 0.30909330 0.00000000 0.00000000 B6 1,910,180.00 999.39252845 0.30909652 0.00000000 0.00000000 (2) All Classes Are Per $1000 Denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution A1 0.00000000 9.47242770 972.92084230 0.97292084 9.47242770 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 0.00000000 52.32696165 920.43277142 0.92043277 52.32696165 A3 0.00000000 76.47187873 870.24007798 0.87024008 76.47187873 A4 0.00000000 5.85354627 970.78918596 0.97078919 5.85354627 B1 0.00000000 0.30909831 999.08343090 0.99908343 0.30909831 B2 0.00000000 0.30909695 999.08343192 0.99908343 0.30909695 B3 0.00000000 0.30909867 999.08343032 0.99908343 0.30909867 B4 0.00000000 0.30909807 999.08343257 0.99908343 0.30909807 B5 0.00000000 0.30909330 999.08342970 0.99908343 0.30909330 B6 0.00000000 0.30909652 999.08343193 0.99908343 0.30909652 (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 A1 206,768,000.00 2.87683% 203,127,491.64 486,969.91 0.00 0.00 R 100.00 2.87312% 0.00 0.00 0.00 0.00 A2 115,273,000.00 4.10896% 112,132,932.71 383,958.18 0.00 0.00 A3 321,254,000.00 4.64970% 304,135,002.94 1,178,446.56 0.00 0.00 A4 96,961,000.00 5.12893% 94,696,255.97 404,742.35 0.00 0.00 B1 7,619,000.00 4.13276% 7,614,371.68 26,223.66 0.00 0.00 B2 5,714,000.00 4.13276% 5,710,528.91 19,666.89 0.00 0.00 B3 4,571,000.00 4.13276% 4,568,223.25 15,732.82 0.00 0.00 B4 1,142,000.00 4.13276% 1,141,306.27 3,930.62 0.00 0.00 B5 761,000.00 4.13276% 760,537.71 2,619.27 0.00 0.00 B6 1,910,180.00 4.13276% 1,909,019.62 6,574.61 0.00 0.00 Totals 761,973,280.00 2,528,864.87 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 A1 0.00 0.00 487,836.45 0.00 201,168,896.72 R 0.00 0.00 0.00 0.00 0.00 A2 0.00 0.00 384,641.42 0.00 106,101,046.86 A3 0.00 0.00 1,180,543.55 0.00 279,568,106.01 A4 0.00 0.00 405,462.57 0.00 94,128,690.26 B1 0.00 0.00 26,270.33 0.00 7,612,016.66 B2 0.00 0.00 19,701.88 0.00 5,708,762.73 B3 0.00 0.00 15,760.82 0.00 4,566,810.36 B4 0.00 0.00 3,937.62 0.00 1,140,953.28 B5 0.00 0.00 2,623.93 0.00 760,302.49 B6 0.00 0.00 6,586.30 0.00 1,908,429.19 Totals 0.00 0.00 2,533,364.87 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 A1 206,768,000.00 2.87683% 982.39326995 2.35515123 0.00000000 0.00000000 R 100.00 2.87312% 0.00000000 0.00000000 0.00000000 0.00000000 A2 115,273,000.00 4.10896% 972.75973307 3.33085961 0.00000000 0.00000000 A3 321,254,000.00 4.64970% 946.71195671 3.66827047 0.00000000 0.00000000 A4 96,961,000.00 5.12893% 976.64273234 4.17427987 0.00000000 0.00000000 B1 7,619,000.00 4.13276% 999.39252920 3.44187689 0.00000000 0.00000000 B2 5,714,000.00 4.13276% 999.39252888 3.44187784 0.00000000 0.00000000 B3 4,571,000.00 4.13276% 999.39252899 3.44187705 0.00000000 0.00000000 B4 1,142,000.00 4.13276% 999.39253065 3.44187391 0.00000000 0.00000000 B5 761,000.00 4.13276% 999.39252300 3.44187911 0.00000000 0.00000000 B6 1,910,180.00 4.13276% 999.39252845 3.44187982 0.00000000 0.00000000 (5) All Classes Are Per $1000 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 A1 0.00000000 0.00000000 2.35934211 0.00000000 972.92084230 R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A2 0.00000000 0.00000000 3.33678676 0.00000000 920.43277142 A3 0.00000000 0.00000000 3.67479798 0.00000000 870.24007798 A4 0.00000000 0.00000000 4.18170780 0.00000000 970.78918596 B1 0.00000000 0.00000000 3.44800236 0.00000000 999.08343090 B2 0.00000000 0.00000000 3.44800140 0.00000000 999.08343192 B3 0.00000000 0.00000000 3.44800263 0.00000000 999.08343032 B4 0.00000000 0.00000000 3.44800350 0.00000000 999.08343257 B5 0.00000000 0.00000000 3.44800263 0.00000000 999.08342970 B6 0.00000000 0.00000000 3.44799966 0.00000000 999.08343193 (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 35,860,407.66 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 18,595.25 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 4,500.00 Total Deposits 35,883,502.91 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 218,481.90 Payment of Interest and Principal 35,665,021.01 Total Withdrawals (Pool Distribution Amount) 35,883,502.91 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 205,728.11 Master Servicing Fee- Wells Fargo 12,263.27 Trustee Fee - Deutsche Bank 490.52 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 218,481.90
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 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 1 0 0 0 1 892,500.00 0.00 0.00 0.00 892,500.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 892,500.00 0.00 0.00 0.00 892,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.265252% 0.000000% 0.000000% 0.000000% 0.265252% 0.430665% 0.000000% 0.000000% 0.000000% 0.430665% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.265252% 0.000000% 0.000000% 0.000000% 0.265252% 0.430665% 0.000000% 0.000000% 0.000000% 0.430665% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 3 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 7 0 0 0 7 3,426,530.28 0.00 0.00 0.00 3,426,530.28 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 7 0 0 0 7 3,426,530.28 0.00 0.00 0.00 3,426,530.28 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.272727% 0.000000% 0.000000% 0.000000% 1.272727% 1.185258% 0.000000% 0.000000% 0.000000% 1.185258% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.272727% 0.000000% 0.000000% 0.000000% 1.272727% 1.185258% 0.000000% 0.000000% 0.000000% 1.185258% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 4 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 4.480614% Weighted Average Net Coupon 4.145094% Weighted Average Pass-Through Rate 4.124294% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 1,388 Number Of Loans Paid In Full 51 Ending Scheduled Collateral Loan Count 1,337 Beginning Scheduled Collateral Balance 735,795,671.06 Ending Scheduled Collateral Balance 702,664,014.92 Ending Actual Collateral Balance at 31-Jul-2003 702,821,302.38 Monthly P &I Constant 2,972,479.04 Special Servicing Fee 0.00 Prepayment Penalties 4,500.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 35,579,060.41 Ending Scheduled Balance for Premium Loans 702,664,014.92 Scheduled Principal 225,132.31 Unscheduled Principal 32,906,523.83
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 3.269042 4.397885 5.014899 Weighted Average Net Rate 2.897633 4.129760 4.670498 Weighted Average Maturity 356 358 357 Beginning Loan Count 381 244 586 Loans Paid In Full 4 10 36 Ending Loan Count 377 234 550 Beginning Scheduled Balance 209,193,094.73 115,514,247.48 313,549,304.26 Ending scheduled Balance 207,234,276.93 109,481,747.31 288,977,297.93 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 577,570.77 444,335.33 1,480,520.31 Scheduled Principal 7,686.59 20,986.66 170,171.90 Unscheduled Principal 1,951,131.21 6,011,513.51 24,401,834.43 Scheduled Interest 569,884.18 423,348.67 1,310,348.41 Servicing Fees 64,746.83 25,810.19 89,988.95 Master Servicing Fees 3,486.56 1,925.23 5,225.83 Trustee Fee 139.46 77.01 209.02 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 0.00 0.00 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 501,511.33 395,536.24 1,214,924.61 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 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 2.876833 4.108961 4.649698
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.459544 4.480614 Weighted Average Net Rate 5.149734 4.145094 Weighted Average Maturity 356 357 Beginning Loan Count 177 1,388 Loans Paid In Full 1 51 Ending Loan Count 176 1,337 Beginning Scheduled Balance 97,539,024.59 735,795,671.06 Ending scheduled Balance 96,970,692.75 702,664,014.92 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 470,052.63 2,972,479.04 Scheduled Principal 26,287.16 225,132.31 Unscheduled Principal 542,044.68 32,906,523.83 Scheduled Interest 443,765.47 2,747,346.73 Servicing Fees 25,182.14 205,728.11 Master Servicing Fees 1,625.65 12,263.27 Trustee Fee 65.03 490.52 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 0.00 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 416,892.65 2,528,864.83 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 5.128934 4.124294
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