-----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, R4ueSrqs6yaAr/9jjpKUYFjXyfQZZj6hmPTNJxxqnOeuVrj6X2q4lgTJyV8ZnANa aRo8xK2oDlnhG/c7ot9I9Q== 0001056404-03-001404.txt : 20030808 0001056404-03-001404.hdr.sgml : 20030808 20030808170409 ACCESSION NUMBER: 0001056404-03-001404 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030725 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STRUCTURED ASSET SEC CORP MORT PASS THR CERTS SER 2003-22A CENTRAL INDEX KEY: 0001248510 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: 333-92140-29 FILM NUMBER: 03832446 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sac0322a.txt JULY 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): July 25, 2003 STRUCTURED ASSET SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-22A Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-92140-29 Pending 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 July 25, 2003 a distribution was made to holders of STRUCTURED ASSET SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 2003-22A 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 2003-22A Trust, relating to the July 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 SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-22A 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: 8/5/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-22A Trust, relating to the July 25, 2003 distribution. EX-99.1
Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 SASC Series: 2003-22A 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 R SAC0322AR SEN 5.07444% 100.00 0.42 100.00 1A 86359AYV9 SEN 4.15000% 31,252,000.00 108,079.83 336,440.60 2A1 86359AYX5 SEN 4.08000% 299,752,000.00 1,019,156.79 6,254,605.23 2A2 86359AYY3 SEN 4.25000% 15,000,000.00 53,125.00 312,989.00 3A 86359AZA4 SEN 4.42000% 217,197,000.00 800,008.94 977,393.87 4A 86359AZC0 SEN 3.06000% 32,333,000.00 82,449.15 771,836.02 B1 86359AZE6 JUN 5.19852% 21,132,000.00 91,545.92 11,239.74 B2 86359AZF3 JUN 5.19852% 5,045,000.00 21,855.44 2,683.35 B3 86359AZG1 JUN 5.19852% 3,783,000.00 16,388.33 2,012.11 B4 86359AZJ5 JUN 5.19852% 1,891,000.00 8,192.00 1,005.79 B5 86359AZK2 JUN 5.19852% 1,891,000.00 8,192.00 1,005.79 B6 86359AZL0 JUN 5.19852% 1,587,591.04 6,877.60 834.19 1AX 86359AYW7 SEN 4.15000% 0.00 24,076.81 0.00 2AX 86359AYZ0 SEN 4.08000% 0.00 279,288.35 0.00 3AX 86359AZB2 SEN 4.42000% 0.00 154,573.91 0.00 4AX 86359AZD8 SEN 3.06000% 0.00 59,163.23 0.00 P1 SAC0322P1 SEN 0.00000% 0.00 0.00 0.00 P2 SAC0322P2 SEN 0.00000% 0.00 3,794.05 0.00 Totals 630,863,691.04 2,736,767.77 8,672,145.69
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 100.42 0.00 1A 0.00 30,915,559.40 444,520.43 0.00 2A1 0.00 293,497,394.77 7,273,762.02 0.00 2A2 0.00 14,687,011.00 366,114.00 0.00 3A 0.00 216,219,606.13 1,777,402.81 0.00 4A 0.00 31,561,163.98 854,285.17 0.00 B1 0.00 21,120,760.26 102,785.66 0.00 B2 0.00 5,042,316.65 24,538.79 0.00 B3 0.00 3,780,987.89 18,400.44 0.00 B4 0.00 1,889,994.21 9,197.79 0.00 B5 0.00 1,889,994.21 9,197.79 0.00 B6 10.26 1,586,746.59 7,711.79 10.26 1AX 0.00 0.00 24,076.81 0.00 2AX 0.00 0.00 279,288.35 0.00 3AX 0.00 0.00 154,573.91 0.00 4AX 0.00 0.00 59,163.23 0.00 P1 0.00 0.00 0.00 0.00 P2 0.00 0.00 3,794.05 0.00 Totals 10.26 622,191,535.09 11,408,913.46 10.26 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) R 100.00 100.00 8.93 91.07 0.00 0.00 1A 31,252,000.00 31,252,000.00 30,051.85 306,388.75 0.00 0.00 2A1 299,752,000.00 299,752,000.00 166,771.72 6,087,833.51 0.00 0.00 2A2 15,000,000.00 15,000,000.00 8,345.48 304,643.51 0.00 0.00 3A 217,197,000.00 217,197,000.00 89,745.46 887,648.41 0.00 0.00 4A 32,333,000.00 32,333,000.00 21,830.76 750,005.26 0.00 0.00 B1 21,132,000.00 21,132,000.00 11,239.74 0.00 0.00 0.00 B2 5,045,000.00 5,045,000.00 2,683.35 0.00 0.00 0.00 B3 3,783,000.00 3,783,000.00 2,012.11 0.00 0.00 0.00 B4 1,891,000.00 1,891,000.00 1,005.79 0.00 0.00 0.00 B5 1,891,000.00 1,891,000.00 1,005.79 0.00 0.00 0.00 B6 1,587,591.04 1,587,591.04 834.19 0.00 0.00 10.26 1AX 0.00 0.00 0.00 0.00 0.00 0.00 2AX 0.00 0.00 0.00 0.00 0.00 0.00 3AX 0.00 0.00 0.00 0.00 0.00 0.00 4AX 0.00 0.00 0.00 0.00 0.00 0.00 P1 0.00 0.00 0.00 0.00 0.00 0.00 P2 0.00 0.00 0.00 0.00 0.00 0.00 Totals 630,863,691.04 630,863,691.04 335,535.17 8,336,610.51 0.00 10.26 (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 R 100.00 0.00 0.00000000 100.00 1A 336,440.60 30,915,559.40 0.98923459 336,440.60 2A1 6,254,605.23 293,497,394.77 0.97913407 6,254,605.23 2A2 312,989.00 14,687,011.00 0.97913407 312,989.00 3A 977,393.87 216,219,606.13 0.99549997 977,393.87 4A 771,836.02 31,561,163.98 0.97612854 771,836.02 B1 11,239.74 21,120,760.26 0.99946812 11,239.74 B2 2,683.35 5,042,316.65 0.99946812 2,683.35 B3 2,012.11 3,780,987.89 0.99946812 2,012.11 B4 1,005.79 1,889,994.21 0.99946812 1,005.79 B5 1,005.79 1,889,994.21 0.99946812 1,005.79 B6 844.45 1,586,746.59 0.99946809 834.19 1AX 0.00 0.00 0.00000000 0.00 2AX 0.00 0.00 0.00000000 0.00 3AX 0.00 0.00 0.00000000 0.00 4AX 0.00 0.00 0.00000000 0.00 P1 0.00 0.00 0.00000000 0.00 P2 0.00 0.00 0.00000000 0.00 Totals 8,672,155.95 622,191,535.09 0.98625352 8,672,145.69
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 1000.00000000 89.30000000 910.70000000 0.00000000 1A 31,252,000.00 1000.00000000 0.96159766 9.80381256 0.00000000 2A1 299,752,000.00 1000.00000000 0.55636566 20.30956761 0.00000000 2A2 15,000,000.00 1000.00000000 0.55636533 20.30956733 0.00000000 3A 217,197,000.00 1000.00000000 0.41319843 4.08683550 0.00000000 4A 32,333,000.00 1000.00000000 0.67518511 23.19627811 0.00000000 B1 21,132,000.00 1000.00000000 0.53188245 0.00000000 0.00000000 B2 5,045,000.00 1000.00000000 0.53188305 0.00000000 0.00000000 B3 3,783,000.00 1000.00000000 0.53188210 0.00000000 0.00000000 B4 1,891,000.00 1000.00000000 0.53188260 0.00000000 0.00000000 B5 1,891,000.00 1000.00000000 0.53188260 0.00000000 0.00000000 B6 1,587,591.04 1000.00000000 0.52544388 0.00000000 0.00000000 1AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 3AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 4AX 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 P2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 (2) All Classes are per $1000 denominations
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution R 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 1A 0.00000000 10.76541021 989.23458979 0.98923459 10.76541021 2A1 0.00000000 20.86593327 979.13406673 0.97913407 20.86593327 2A2 0.00000000 20.86593333 979.13406667 0.97913407 20.86593333 3A 0.00000000 4.50003393 995.49996607 0.99549997 4.50003393 4A 0.00000000 23.87146321 976.12853679 0.97612854 23.87146321 B1 0.00000000 0.53188245 999.46811755 0.99946812 0.53188245 B2 0.00000000 0.53188305 999.46811695 0.99946812 0.53188305 B3 0.00000000 0.53188210 999.46811790 0.99946812 0.53188210 B4 0.00000000 0.53188260 999.46811740 0.99946812 0.53188260 B5 0.00000000 0.53188260 999.46811740 0.99946812 0.53188260 B6 0.00646262 0.53190650 999.46809350 0.99946809 0.52544388 1AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 3AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4AX 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P2 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 R 100.00 5.07444% 100.00 0.42 0.00 0.00 1A 31,252,000.00 4.15000% 31,252,000.00 108,079.83 0.00 0.00 2A1 299,752,000.00 4.08000% 299,752,000.00 1,019,156.80 0.00 0.00 2A2 15,000,000.00 4.25000% 15,000,000.00 53,125.00 0.00 0.00 3A 217,197,000.00 4.42000% 217,197,000.00 800,008.95 0.00 0.00 4A 32,333,000.00 3.06000% 32,333,000.00 82,449.15 0.00 0.00 B1 21,132,000.00 5.19852% 21,132,000.00 91,545.92 0.00 0.00 B2 5,045,000.00 5.19852% 5,045,000.00 21,855.44 0.00 0.00 B3 3,783,000.00 5.19852% 3,783,000.00 16,388.33 0.00 0.00 B4 1,891,000.00 5.19852% 1,891,000.00 8,192.00 0.00 0.00 B5 1,891,000.00 5.19852% 1,891,000.00 8,192.00 0.00 0.00 B6 1,587,591.04 5.19852% 1,587,591.04 6,877.60 0.00 0.00 1AX 0.00 4.15000% 6,961,969.06 24,076.81 0.00 0.00 2AX 0.00 4.08000% 82,143,633.49 279,288.35 0.00 0.00 3AX 0.00 4.42000% 41,965,766.94 154,573.91 0.00 0.00 4AX 0.00 3.06000% 23,201,268.80 59,163.24 0.00 0.00 P1 0.00 0.00000% 0.00 0.00 0.00 0.00 P2 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 630,863,691.04 2,732,973.75 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 R 0.00 0.00 0.42 0.00 0.00 1A 0.00 0.00 108,079.83 0.00 30,915,559.40 2A1 0.01 0.00 1,019,156.79 0.00 293,497,394.77 2A2 0.00 0.00 53,125.00 0.00 14,687,011.00 3A 0.01 0.00 800,008.94 0.00 216,219,606.13 4A 0.00 0.00 82,449.15 0.00 31,561,163.98 B1 0.00 0.00 91,545.92 0.00 21,120,760.26 B2 0.00 0.00 21,855.44 0.00 5,042,316.65 B3 0.00 0.00 16,388.33 0.00 3,780,987.89 B4 0.00 0.00 8,192.00 0.00 1,889,994.21 B5 0.00 0.00 8,192.00 0.00 1,889,994.21 B6 0.00 0.00 6,877.60 0.00 1,586,746.59 1AX 0.00 0.00 24,076.81 0.00 6,872,756.73 2AX 0.00 0.00 279,288.35 0.00 80,354,273.29 3AX 0.00 0.00 154,573.91 0.00 41,769,659.78 4AX 0.00 0.00 59,163.23 0.00 22,630,836.71 P1 0.00 0.00 0.00 0.00 0.00 P2 0.00 0.00 3,794.05 0.00 0.00 Totals 0.02 0.00 2,736,767.77 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 R 100.00 5.07444% 1000.00000000 4.20000000 0.00000000 0.00000000 1A 31,252,000.00 4.15000% 1000.00000000 3.45833323 0.00000000 0.00000000 2A1 299,752,000.00 4.08000% 1000.00000000 3.40000000 0.00000000 0.00000000 2A2 15,000,000.00 4.25000% 1000.00000000 3.54166667 0.00000000 0.00000000 3A 217,197,000.00 4.42000% 1000.00000000 3.68333333 0.00000000 0.00000000 4A 32,333,000.00 3.06000% 1000.00000000 2.55000000 0.00000000 0.00000000 B1 21,132,000.00 5.19852% 1000.00000000 4.33209919 0.00000000 0.00000000 B2 5,045,000.00 5.19852% 1000.00000000 4.33209911 0.00000000 0.00000000 B3 3,783,000.00 5.19852% 1000.00000000 4.33209886 0.00000000 0.00000000 B4 1,891,000.00 5.19852% 1000.00000000 4.33209942 0.00000000 0.00000000 B5 1,891,000.00 5.19852% 1000.00000000 4.33209942 0.00000000 0.00000000 B6 1,587,591.04 5.19852% 1000.00000000 4.33209802 0.00000000 0.00000000 1AX 0.00 4.15000% 1000.00000000 3.45833338 0.00000000 0.00000000 2AX 0.00 4.08000% 1000.00000000 3.39999995 0.00000000 0.00000000 3AX 0.00 4.42000% 1000.00000000 3.68333338 0.00000000 0.00000000 4AX 0.00 3.06000% 1000.00000000 2.55000020 0.00000000 0.00000000 P1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 P2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) All Classes are per $1000 denominations
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance R 0.00000000 0.00000000 4.20000000 0.00000000 0.00000000 1A 0.00000000 0.00000000 3.45833323 0.00000000 989.23458979 2A1 0.00000003 0.00000000 3.39999997 0.00000000 979.13406673 2A2 0.00000000 0.00000000 3.54166667 0.00000000 979.13406667 3A 0.00000005 0.00000000 3.68333329 0.00000000 995.49996607 4A 0.00000000 0.00000000 2.55000000 0.00000000 976.12853679 B1 0.00000000 0.00000000 4.33209919 0.00000000 999.46811755 B2 0.00000000 0.00000000 4.33209911 0.00000000 999.46811695 B3 0.00000000 0.00000000 4.33209886 0.00000000 999.46811790 B4 0.00000000 0.00000000 4.33209942 0.00000000 999.46811740 B5 0.00000000 0.00000000 4.33209942 0.00000000 999.46811740 B6 0.00000000 0.00000000 4.33209802 0.00000000 999.46809350 1AX 0.00000000 0.00000000 3.45833338 0.00000000 987.18576178 2AX 0.00000000 0.00000000 3.39999995 0.00000000 978.21669040 3AX 0.00000000 0.00000000 3.68333338 0.00000000 995.32697305 4AX 0.00000000 0.00000000 2.54999977 0.00000000 975.41375453 P1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 P2 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 11,550,458.31 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 11,550,458.31 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 141,544.85 Payment of Interest and Principal 11,408,913.46 Total Withdrawals (Pool Distribution Amount) 11,550,458.31 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 137,339.10 Wells Fargo Bank Minnesota, NA 4,205.75 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 141,544.85
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 1 0 0 1 79,547.73 0.00 0.00 79,547.73 30 Days 2 0 0 0 2 371,736.02 0.00 0.00 0.00 371,736.02 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 315,000.00 0.00 0.00 0.00 315,000.00 120 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 3 1 0 0 4 686,736.02 79,547.73 0.00 0.00 766,283.75 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 0.064641% 0.000000% 0.000000% 0.064641% 0.012780% 0.000000% 0.000000% 0.012780% 30 Days 0.129282% 0.000000% 0.000000% 0.000000% 0.129282% 0.059722% 0.000000% 0.000000% 0.000000% 0.059722% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.064641% 0.000000% 0.000000% 0.000000% 0.064641% 0.050607% 0.000000% 0.000000% 0.000000% 0.050607% 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 0.193924% 0.064641% 0.000000% 0.000000% 0.258565% 0.110330% 0.012780% 0.000000% 0.000000% 0.123110%
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 1 166,978.58 0.00 0.00 0.00 166,978.58 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 1 166,978.58 0.00 0.00 0.00 166,978.58 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.826446% 0.000000% 0.000000% 0.000000% 0.826446% 0.509210% 0.000000% 0.000000% 0.000000% 0.509210% 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 0.826446% 0.000000% 0.000000% 0.000000% 0.826446% 0.509210% 0.000000% 0.000000% 0.000000% 0.509210% 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 1 0 0 1 79,547.73 0.00 0.00 79,547.73 30 Days 1 0 0 0 1 204,757.44 0.00 0.00 0.00 204,757.44 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 1 0 0 0 1 315,000.00 0.00 0.00 0.00 315,000.00 120 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 2 1 0 0 3 519,757.44 79,547.73 0.00 0.00 599,305.17 0-29 Days 0.120919% 0.000000% 0.000000% 0.120919% 0.024328% 0.000000% 0.000000% 0.024328% 30 Days 0.120919% 0.000000% 0.000000% 0.000000% 0.120919% 0.062620% 0.000000% 0.000000% 0.000000% 0.062620% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.120919% 0.000000% 0.000000% 0.000000% 0.120919% 0.096334% 0.000000% 0.000000% 0.000000% 0.096334% 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 0.241838% 0.120919% 0.000000% 0.000000% 0.362757% 0.158954% 0.024328% 0.000000% 0.000000% 0.183282% 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 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 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%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 3,085.47
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 630,863,591.04 99.99998415% 622,191,535.09 100.00000000% 94.324770% 0.000000% Class 1A 599,611,591.04 95.04614064% 591,275,975.69 95.03118290% 4.968817% 87.552702% Class 2-A-1 299,859,591.04 47.53159760% 297,778,580.92 47.85963230% 47.171551% 831.183084% Class 2-A-2 284,859,591.04 45.15390489% 283,091,569.92 45.49910340% 2.360529% 41.593538% Class 3A 67,662,591.04 10.72538997% 66,871,963.79 10.74780996% 34.751293% 612.332791% Class B-1 14,197,591.04 2.25050058% 14,190,039.55 2.28065455% 3.394575% 59.813882% Class B-2 9,152,591.04 1.45080327% 9,147,722.90 1.47024226% 0.810412% 14.279814% Class B-3 5,369,591.04 0.85114917% 5,366,735.01 0.86255352% 0.607689% 10.707738% Class B-4 3,478,591.04 0.55140137% 3,476,740.80 0.55878947% 0.303764% 5.352454% Class B-5 1,587,591.04 0.25165358% 1,586,746.59 0.25502542% 0.303764% 5.352454% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.255025% 4.493658% Class 1-AX 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class 3-AX 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class P-1 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Class P-2 0.00 0.00000000% 0.00 0.00000000% 0.000000% 0.000000% Please Refer to the Prospectus Supplement for a Full Description of Loss Exposure
CREDIT ENHANCEMENT Original $ Original % Current $ Current % Bankruptcy 100,000.00 0.01585128% 100,000.00 0.01607222% Fraud 12,617,274.00 2.00000003% 12,617,274.00 2.02787619% Special Hazard 15,140,729.00 2.40000007% 15,140,729.00 2.43345146% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.467758% Weighted Average Net Coupon 5.206518% Weighted Average Pass-Through Rate 5.198518% Weighted Average Maturity(Stepdown Calculation ) 357 Beginning Scheduled Collateral Loan Count 2,062 Number Of Loans Paid In Full 515 Ending Scheduled Collateral Loan Count 1,547 Beginning Scheduled Collateral Balance 630,863,691.04 Ending Scheduled Collateral Balance 622,191,535.09 Ending Actual Collateral Balance at 30-Jun-2003 622,439,309.26 Monthly P &I Constant 3,210,053.80 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 11,233,287.18 Ending Scheduled Balance for Premium Loans 622,191,535.09 Scheduled Principal 335,545.40 Unscheduled Principal 8,336,610.51
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description 3 Year LIBOR Arm 5 Year LIBOR Arm 5 Year LIBOR Arm Weighted Average Coupon Rate 5.370879 5.424195 5.531828 Weighted Average Net Rate 5.082443 5.160987 5.281828 Weighted Average Maturity 356 357 358 Beginning Loan Count 122 844 477 Loans Paid In Full 1 17 3 Ending Loan Count 121 827 474 Beginning Scheduled Balance 33,105,984.97 333,424,297.73 230,081,978.70 Ending scheduled Balance 32,767,661.15 326,846,314.84 229,099,260.78 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 180,017.52 1,692,637.90 1,155,714.46 Scheduled Principal 31,844.00 185,505.83 95,069.51 Unscheduled Principal 306,479.82 6,392,477.02 887,648.41 Scheduled Interest 148,173.52 1,507,132.07 1,060,644.95 Servicing Fees 7,957.45 73,133.23 47,933.75 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 220.70 2,222.84 1,533.88 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 139,995.37 1,431,776.00 1,011,177.32 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 5.074443 5.152987 5.273828
Group Level Collateral Statement Group Group 4 Total Collateral Description 7 Year LIBOR Arm Mixed ARM Weighted Average Coupon Rate 5.555080 5.467758 Weighted Average Net Rate 5.263775 5.206518 Weighted Average Maturity 356 357 Beginning Loan Count 126 1,569 Loans Paid In Full 1 22 Ending Loan Count 125 1,547 Beginning Scheduled Balance 34,251,429.64 630,863,691.04 Ending scheduled Balance 33,478,298.32 622,191,535.09 Record Date 06/30/2003 06/30/2003 Principal And Interest Constant 181,683.92 3,210,053.80 Scheduled Principal 23,126.06 335,545.40 Unscheduled Principal 750,005.26 8,336,610.51 Scheduled Interest 158,557.86 2,874,508.40 Servicing Fees 8,314.67 137,339.10 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 228.33 4,205.75 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 150,014.86 2,732,963.55 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 5.255775 5.198518
-----END PRIVACY-ENHANCED MESSAGE-----