-----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, I3qbJy9uaKzF7UAb+v9jd1awajYVmPDlLqDrtmzWunqcxINUMqDDMpxcY+tf0x5o rHz4Ayr/lhxr7q7WG/iVCQ== 0001056404-03-002143.txt : 20031110 0001056404-03-002143.hdr.sgml : 20031110 20031110105009 ACCESSION NUMBER: 0001056404-03-002143 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: 20031110 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: 03987021 BUSINESS ADDRESS: STREET 1: 3 WORLD FINANCIAL CENTER CITY: NEW YORK STATE: NY ZIP: 10285 8-K 1 sac0322a.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 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 54-2121821 Pooling and Servicing Agreement) (Commission 54-2121822 (State or other File Number) 54-2121823 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 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 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 SECURITIES CORPORATION Mortgage Pass-Through Certificates, Series 2003-22A Trust By: Wells Fargo Bank Minnesota, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 11/5/03 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 October 27, 2003 distribution. EX-99.1
Structured Asset Securities Corporation Mortgage Pass-Through Certificates Record Date: 9/30/03 Distribution Date: 10/27/03 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 5.07982% 0.00 0.00 0.00 1A 86359AYV9 SEN 4.15000% 28,663,925.84 99,129.41 1,344,500.17 2A1 86359AYX5 SEN 4.08000% 280,658,010.27 954,237.23 6,961,177.87 2A2 86359AYY3 SEN 4.25000% 14,044,510.64 49,740.97 348,346.86 3A 86359AZA4 SEN 4.42000% 212,717,342.02 783,508.87 1,194,402.85 4A 86359AZC0 SEN 3.06000% 30,984,615.41 79,010.77 525,223.35 B1 86359AZE6 JUN 5.19218% 21,098,380.47 91,288.86 11,227.90 B2 86359AZF3 JUN 5.19218% 5,036,973.76 21,794.07 2,680.52 B3 86359AZG1 JUN 5.19218% 3,776,981.51 16,342.31 2,009.99 B4 86359AZJ5 JUN 5.19218% 1,887,991.55 8,169.00 1,004.73 B5 86359AZK2 JUN 5.19218% 1,887,991.55 8,169.00 1,004.73 B6 86359AZL0 JUN 5.19218% 1,585,065.21 6,858.29 843.52 1AX 86359AYW7 SEN 4.15000% 0.00 22,385.45 0.00 2AX 86359AYZ0 SEN 4.08000% 0.00 258,191.69 0.00 3AX 86359AZB2 SEN 4.42000% 0.00 151,271.42 0.00 4AX 86359AZD8 SEN 3.06000% 0.00 56,843.57 0.00 P1 SAC0322P1 SEN 0.00000% 0.00 0.00 0.00 P2 SAC0322P2 SEN 0.00000% 0.00 8,909.94 0.00 Totals 602,341,788.23 2,615,850.85 10,392,422.49
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses R 0.00 0.00 0.00 0.00 1A 0.00 27,319,425.66 1,443,629.58 0.00 2A1 0.00 273,696,832.39 7,915,415.10 0.00 2A2 0.00 13,696,163.78 398,087.83 0.00 3A 0.00 211,522,939.17 1,977,911.72 0.00 4A 0.00 30,459,392.06 604,234.12 0.00 B1 0.00 21,087,152.57 102,516.76 0.00 B2 0.00 5,034,293.24 24,474.59 0.00 B3 0.00 3,774,971.52 18,352.30 0.00 B4 0.00 1,886,986.82 9,173.73 0.00 B5 0.00 1,886,986.82 9,173.73 0.00 B6 0.00 1,584,221.69 7,701.81 10.30 1AX 0.00 0.00 22,385.45 0.00 2AX 0.00 0.00 258,191.69 0.00 3AX 0.00 0.00 151,271.42 0.00 4AX 0.00 0.00 56,843.57 0.00 P1 0.00 0.00 0.00 0.00 P2 0.00 0.00 8,909.94 0.00 Totals 0.00 591,949,365.72 13,008,273.34 10.30 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 0.00 0.00 0.00 0.00 0.00 1A 31,252,000.00 28,663,925.84 26,772.77 1,317,727.40 0.00 0.00 2A1 299,752,000.00 280,658,010.27 158,019.02 6,803,158.86 0.00 0.00 2A2 15,000,000.00 14,044,510.64 7,907.49 340,439.37 0.00 0.00 3A 217,197,000.00 212,717,342.02 87,664.39 1,106,738.46 0.00 0.00 4A 32,333,000.00 30,984,615.41 20,159.22 505,064.13 0.00 0.00 B1 21,132,000.00 21,098,380.47 11,227.90 0.00 0.00 0.00 B2 5,045,000.00 5,036,973.76 2,680.52 0.00 0.00 0.00 B3 3,783,000.00 3,776,981.51 2,009.99 0.00 0.00 0.00 B4 1,891,000.00 1,887,991.55 1,004.73 0.00 0.00 0.00 B5 1,891,000.00 1,887,991.55 1,004.73 0.00 0.00 0.00 B6 1,587,591.04 1,585,065.21 843.52 0.00 0.00 0.00 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 630,863,691.04 602,341,788.23 319,294.28 10,073,128.22 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 R 0.00 0.00 0.00000000 0.00 1A 1,344,500.17 27,319,425.66 0.87416567 1,344,500.17 2A1 6,961,177.87 273,696,832.39 0.91307759 6,961,177.87 2A2 348,346.86 13,696,163.78 0.91307759 348,346.86 3A 1,194,402.85 211,522,939.17 0.97387597 1,194,402.85 4A 525,223.35 30,459,392.06 0.94205277 525,223.35 B1 11,227.90 21,087,152.57 0.99787775 11,227.90 B2 2,680.52 5,034,293.24 0.99787775 2,680.52 B3 2,009.99 3,774,971.52 0.99787775 2,009.99 B4 1,004.73 1,886,986.82 0.99787775 1,004.73 B5 1,004.73 1,886,986.82 0.99787775 1,004.73 B6 843.52 1,584,221.69 0.99787770 843.52 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 10,392,422.49 591,949,365.72 0.93831579 10,392,422.49
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion R 100.00 0.00000000 0.00000000 0.00000000 0.00000000 1A 31,252,000.00 917.18692692 0.85667381 42.16457827 0.00000000 2A1 299,752,000.00 936.30070949 0.52716586 22.69595819 0.00000000 2A2 15,000,000.00 936.30070933 0.52716600 22.69595800 0.00000000 3A 217,197,000.00 979.37513879 0.40361695 5.09555132 0.00000000 4A 32,333,000.00 958.29695389 0.62348746 15.62070114 0.00000000 B1 21,132,000.00 998.40907013 0.53132217 0.00000000 0.00000000 B2 5,045,000.00 998.40907037 0.53132210 0.00000000 0.00000000 B3 3,783,000.00 998.40906952 0.53132170 0.00000000 0.00000000 B4 1,891,000.00 998.40906928 0.53132205 0.00000000 0.00000000 B5 1,891,000.00 998.40906928 0.53132205 0.00000000 0.00000000 B6 1,587,591.04 998.40901722 0.53132071 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 0.00000000 0.00000000 0.00000000 0.00000000 1A 0.00000000 43.02125208 874.16567452 0.87416567 43.02125208 2A1 0.00000000 23.22312402 913.07758544 0.91307759 23.22312402 2A2 0.00000000 23.22312400 913.07758533 0.91307759 23.22312400 3A 0.00000000 5.49916827 973.87597052 0.97387597 5.49916827 4A 0.00000000 16.24418860 942.05276529 0.94205277 16.24418860 B1 0.00000000 0.53132217 997.87774797 0.99787775 0.53132217 B2 0.00000000 0.53132210 997.87774827 0.99787775 0.53132210 B3 0.00000000 0.53132170 997.87774782 0.99787775 0.53132170 B4 0.00000000 0.53132205 997.87774722 0.99787775 0.53132205 B5 0.00000000 0.53132205 997.87774722 0.99787775 0.53132205 B6 0.00000000 0.53132071 997.87769651 0.99787770 0.53132071 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, 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 R 100.00 5.07982% 0.00 0.00 0.00 0.00 1A 31,252,000.00 4.15000% 28,663,925.84 99,129.41 0.00 0.00 2A1 299,752,000.00 4.08000% 280,658,010.27 954,237.23 0.00 0.00 2A2 15,000,000.00 4.25000% 14,044,510.64 49,740.98 0.00 0.00 3A 217,197,000.00 4.42000% 212,717,342.02 783,508.88 0.00 0.00 4A 32,333,000.00 3.06000% 30,984,615.41 79,010.77 0.00 0.00 B1 21,132,000.00 5.19218% 21,098,380.47 91,288.86 0.00 0.00 B2 5,045,000.00 5.19218% 5,036,973.76 21,794.07 0.00 0.00 B3 3,783,000.00 5.19218% 3,776,981.51 16,342.31 0.00 0.00 B4 1,891,000.00 5.19218% 1,887,991.55 8,169.00 0.00 0.00 B5 1,891,000.00 5.19218% 1,887,991.55 8,169.00 0.00 0.00 B6 1,587,591.04 5.19218% 1,585,065.21 6,858.29 0.00 0.00 1AX 0.00 4.15000% 6,472,901.72 22,385.45 0.00 0.00 2AX 0.00 4.08000% 75,938,733.26 258,191.69 0.00 0.00 3AX 0.00 4.42000% 41,069,162.89 151,271.42 0.00 0.00 4AX 0.00 3.06000% 22,291,597.25 56,843.57 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 2,606,940.93 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 0.00 0.00 0.00 1A 0.00 0.00 99,129.41 0.00 27,319,425.66 2A1 0.00 0.00 954,237.23 0.00 273,696,832.39 2A2 0.00 0.00 49,740.97 0.00 13,696,163.78 3A 0.00 0.00 783,508.87 0.00 211,522,939.17 4A 0.00 0.00 79,010.77 0.00 30,459,392.06 B1 0.00 0.00 91,288.86 0.00 21,087,152.57 B2 0.00 0.00 21,794.07 0.00 5,034,293.24 B3 0.00 0.00 16,342.31 0.00 3,774,971.52 B4 0.00 0.00 8,169.00 0.00 1,886,986.82 B5 0.00 0.00 8,169.00 0.00 1,886,986.82 B6 0.00 0.00 6,858.29 0.00 1,584,221.69 1AX 0.00 0.00 22,385.45 0.00 6,216,133.37 2AX 0.00 0.00 258,191.69 0.00 73,879,550.20 3AX 0.00 0.00 151,271.42 0.00 40,844,870.62 4AX 0.00 0.00 56,843.57 0.00 21,893,791.61 P1 0.00 0.00 0.00 0.00 0.00 P2 0.00 0.00 8,909.94 0.00 0.00 Totals 0.00 0.00 2,615,850.85 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 R 100.00 5.07982% 0.00000000 0.00000000 0.00000000 0.00000000 1A 31,252,000.00 4.15000% 917.18692692 3.17193812 0.00000000 0.00000000 2A1 299,752,000.00 4.08000% 936.30070949 3.18342240 0.00000000 0.00000000 2A2 15,000,000.00 4.25000% 936.30070933 3.31606533 0.00000000 0.00000000 3A 217,197,000.00 4.42000% 979.37513879 3.60736511 0.00000000 0.00000000 4A 32,333,000.00 3.06000% 958.29695389 2.44365725 0.00000000 0.00000000 B1 21,132,000.00 5.19218% 998.40907013 4.31993470 0.00000000 0.00000000 B2 5,045,000.00 5.19218% 998.40907037 4.31993459 0.00000000 0.00000000 B3 3,783,000.00 5.19218% 998.40906952 4.31993391 0.00000000 0.00000000 B4 1,891,000.00 5.19218% 998.40906928 4.31993654 0.00000000 0.00000000 B5 1,891,000.00 5.19218% 998.40906928 4.31993654 0.00000000 0.00000000 B6 1,587,591.04 5.19218% 998.40901722 4.31993494 0.00000000 0.00000000 1AX 0.00 4.15000% 929.75157807 3.21539062 0.00000000 0.00000000 2AX 0.00 4.08000% 924.46279807 3.14317348 0.00000000 0.00000000 3AX 0.00 4.42000% 978.63487039 3.60463852 0.00000000 0.00000000 4AX 0.00 3.06000% 960.79216366 2.45001989 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 0.00000000 0.00000000 0.00000000 1A 0.00000000 0.00000000 3.17193812 0.00000000 874.16567452 2A1 0.00000000 0.00000000 3.18342240 0.00000000 913.07758544 2A2 0.00000000 0.00000000 3.31606467 0.00000000 913.07758533 3A 0.00000000 0.00000000 3.60736506 0.00000000 973.87597052 4A 0.00000000 0.00000000 2.44365725 0.00000000 942.05276529 B1 0.00000000 0.00000000 4.31993470 0.00000000 997.87774797 B2 0.00000000 0.00000000 4.31993459 0.00000000 997.87774827 B3 0.00000000 0.00000000 4.31993391 0.00000000 997.87774782 B4 0.00000000 0.00000000 4.31993654 0.00000000 997.87774722 B5 0.00000000 0.00000000 4.31993654 0.00000000 997.87774722 B6 0.00000000 0.00000000 4.31993494 0.00000000 997.87769651 1AX 0.00000000 0.00000000 3.21539062 0.00000000 892.87000796 2AX 0.00000000 0.00000000 3.14317348 0.00000000 899.39471948 3AX 0.00000000 0.00000000 3.60463852 0.00000000 973.29022197 4AX 0.00000000 0.00000000 2.45001989 0.00000000 943.64630653 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, 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 13,143,218.44 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 13,143,218.44 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 134,945.10 Payment of Interest and Principal 13,008,273.34 Total Withdrawals (Pool Distribution Amount) 13,143,218.44 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 130,929.50 Wells Fargo Bank Minnesota, NA 4,015.60 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 134,945.10
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 2 0 0 2 728,082.97 0.00 0.00 728,082.97 30 Days 2 0 0 0 2 1,348,288.59 0.00 0.00 0.00 1,348,288.59 60 Days 1 0 0 0 1 116,088.19 0.00 0.00 0.00 116,088.19 90 Days 1 0 0 0 1 166,772.45 0.00 0.00 0.00 166,772.45 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 4 2 0 0 6 1,631,149.23 728,082.97 0.00 0.00 2,359,232.20 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 0.136147% 0.000000% 0.000000% 0.136147% 0.122945% 0.000000% 0.000000% 0.122945% 30 Days 0.136147% 0.000000% 0.000000% 0.000000% 0.136147% 0.227674% 0.000000% 0.000000% 0.000000% 0.227674% 60 Days 0.068074% 0.000000% 0.000000% 0.000000% 0.068074% 0.019603% 0.000000% 0.000000% 0.000000% 0.019603% 90 Days 0.068074% 0.000000% 0.000000% 0.000000% 0.068074% 0.028161% 0.000000% 0.000000% 0.000000% 0.028161% 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 0.272294% 0.136147% 0.000000% 0.000000% 0.408441% 0.275439% 0.122945% 0.000000% 0.000000% 0.398384%
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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 1 0 0 0 1 116,088.19 0.00 0.00 0.00 116,088.19 90 Days 1 0 0 0 1 166,772.45 0.00 0.00 0.00 166,772.45 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 2 0 0 0 2 282,860.64 0.00 0.00 0.00 282,860.64 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 0.917431% 0.000000% 0.000000% 0.000000% 0.917431% 0.397736% 0.000000% 0.000000% 0.000000% 0.397736% 90 Days 0.917431% 0.000000% 0.000000% 0.000000% 0.917431% 0.571387% 0.000000% 0.000000% 0.000000% 0.571387% 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 1.834862% 0.000000% 0.000000% 0.000000% 1.834862% 0.969123% 0.000000% 0.000000% 0.000000% 0.969123% 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 1 287,726.86 0.00 0.00 287,726.86 30 Days 1 0 0 0 1 570,000.00 0.00 0.00 0.00 570,000.00 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 1 0 0 2 570,000.00 287,726.86 0.00 0.00 857,726.86 0-29 Days 0.129199% 0.000000% 0.000000% 0.129199% 0.093978% 0.000000% 0.000000% 0.093978% 30 Days 0.129199% 0.000000% 0.000000% 0.000000% 0.129199% 0.186175% 0.000000% 0.000000% 0.000000% 0.186175% 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 0.129199% 0.129199% 0.000000% 0.000000% 0.258398% 0.186175% 0.093978% 0.000000% 0.000000% 0.280153% 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 1 0 0 1 440,356.11 0.00 0.00 440,356.11 30 Days 1 0 0 0 1 778,288.59 0.00 0.00 0.00 778,288.59 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 1 0 0 2 778,288.59 440,356.11 0.00 0.00 1,218,644.70 0-29 Days 0.215983% 0.000000% 0.000000% 0.215983% 0.196187% 0.000000% 0.000000% 0.196187% 30 Days 0.215983% 0.000000% 0.000000% 0.000000% 0.215983% 0.346742% 0.000000% 0.000000% 0.000000% 0.346742% 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 0.215983% 0.215983% 0.000000% 0.000000% 0.431965% 0.346742% 0.196187% 0.000000% 0.000000% 0.542929% 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 0.00
SUBORDINATION LEVEL/CLASS PERCENTAGE AND PREPAYMENT PERCENTAGE Current Original $ Original % Current $ Current % Class% Prepayment% Class A 630,863,591.04 99.99998415% 591,949,365.72 100.00000000% 94.044320% 0.000000% Class 1A 599,611,591.04 95.04614064% 564,629,940.06 95.38483741% 4.615163% 77.491777% Class 2-A-1 299,859,591.04 47.53159760% 290,933,107.67 49.14830972% 46.236528% 776.343326% Class 2-A-2 284,859,591.04 45.15390489% 277,236,943.89 46.83457065% 2.313739% 38.849282% Class 3A 67,662,591.04 10.72538997% 65,714,004.72 11.10128814% 35.733283% 599.986564% Class B-1 14,197,591.04 2.25050058% 14,167,460.09 2.39335675% 3.562324% 59.813882% Class B-2 9,152,591.04 1.45080327% 9,133,166.85 1.54289664% 0.850460% 14.279814% Class B-3 5,369,591.04 0.85114917% 5,358,195.33 0.90517798% 0.637719% 10.707738% Class B-4 3,478,591.04 0.55140137% 3,471,208.51 0.58640294% 0.318775% 5.352454% Class B-5 1,587,591.04 0.25165358% 1,584,221.69 0.26762791% 0.318775% 5.352454% Class B-6 0.00 0.00000000% 0.00 0.00000000% 0.267628% 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 0.01689334% Fraud 12,617,274.00 2.00000003% 12,617,274.00 2.13147859% Special Hazard 15,140,729.00 2.40000007% 15,140,729.00 2.55777434% Limit of Subordinate's Exposure to Certain Types of Losses
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.462452% Weighted Average Net Coupon 5.201611% Weighted Average Pass-Through Rate 5.193611% Weighted Average Maturity(Stepdown Calculation ) 354 Beginning Scheduled Collateral Loan Count 1,494 Number Of Loans Paid In Full 25 Ending Scheduled Collateral Loan Count 1,469 Beginning Scheduled Collateral Balance 602,341,788.23 Ending Scheduled Collateral Balance 591,949,365.73 Ending Actual Collateral Balance at 30-Sep-2003 592,200,627.81 Monthly P &I Constant 3,061,180.34 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Optimal Amount 12,827,970.50 Ending Scheduled Balance for Premium Loans 591,949,365.73 Scheduled Principal 319,294.28 Unscheduled Principal 10,073,128.22
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 5.383182 5.410071 5.531366 Weighted Average Net Rate 5.095155 5.147433 5.281366 Weighted Average Maturity 353 354 355 Beginning Loan Count 113 791 466 Loans Paid In Full 4 17 3 Ending Loan Count 109 774 463 Beginning Scheduled Balance 30,512,518.29 313,343,634.61 225,586,372.28 Ending scheduled Balance 29,166,291.49 306,023,614.36 224,386,665.89 Record Date 09/30/2003 09/30/2003 09/30/2003 Principal And Interest Constant 165,378.10 1,589,098.24 1,132,801.88 Scheduled Principal 28,499.40 176,422.02 92,967.93 Unscheduled Principal 1,317,727.40 7,143,598.23 1,106,738.46 Scheduled Interest 136,878.70 1,412,676.22 1,039,833.95 Servicing Fees 7,323.68 68,580.07 46,997.16 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 203.42 2,088.94 1,503.91 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 129,351.60 1,342,007.21 991,332.88 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 5.087155 5.139433 5.273366
Group Level Collateral Statement Group Group 4 Total Collateral Description 7 Year LIBOR Arm Mixed ARM Weighted Average Coupon Rate 5.562332 5.462452 Weighted Average Net Rate 5.269489 5.201611 Weighted Average Maturity 353 354 Beginning Loan Count 124 1,494 Loans Paid In Full 1 25 Ending Loan Count 123 1,469 Beginning Scheduled Balance 32,899,263.05 602,341,788.23 Ending scheduled Balance 32,372,793.99 591,949,365.73 Record Date 09/30/2003 09/30/2003 Principal And Interest Constant 173,902.12 3,061,180.34 Scheduled Principal 21,404.93 319,294.28 Unscheduled Principal 505,064.13 10,073,128.22 Scheduled Interest 152,497.19 2,741,886.06 Servicing Fees 8,028.59 130,929.50 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 219.33 4,015.60 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 144,249.27 2,606,940.96 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 5.261489 5.193611
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