-----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, VZPBiVC5AwR/THtIj66hFzwx+oRKd53U25svoBue+kUJ6I4XlQ3fX+hU+AWWAUAy jDUBsWvPn4ijNNL+jqaOrg== 0001056404-04-000102.txt : 20040108 0001056404-04-000102.hdr.sgml : 20040108 20040108161841 ACCESSION NUMBER: 0001056404-04-000102 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20031227 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ASSET BACKED CERTIFICATES SERIES 2003-2 CENTRAL INDEX KEY: 0001250927 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-91334-05 FILM NUMBER: 04515691 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS RD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 BUSINESS PHONE: 4108842000 MAIL ADDRESS: STREET 1: 9062 OLD ANNAPOLIS RD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 8-K 1 bsa03002.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 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-91334-05 54-2121830 Pooling and Servicing Agreement) (Commission 54-2121828 (State or other File Number) 54-2121829 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 December 26, 2003 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset-Backed Certificates, Series 2003-2 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 Asset-Backed Certificates, Series 2003-2 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset-Backed Certificates, Series 2003-2 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: 1/6/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset- Backed Certificates, Series 2003-2 Trust, relating to the December 26, 2003 distribution. EX-99.1
Bear Stearns Asset Backed Securities Asset-Backed Certificates Record Date: 11/30/03 Distribution Date: 12/26/03 BSA Series: 2003-2 Contact: CTSLink Customer Service Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Telephone: (301) 815-6600 Fax: (301) 815-6600 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 07384YJN7 SEN 1.51875% 156,500,389.00 204,673.16 9,900,657.69 A-2 07384YJP2 SEN 1.56875% 171,988,361.24 232,333.58 6,702,391.37 A-3 07384YJQ0 SEN 1.86875% 28,579,000.00 45,989.37 0.00 A-IO 07384YJT4 IO 5.00000% 0.00 215,416.67 0.00 M-1 07384YJU1 MEZ 2.31875% 25,851,000.00 51,616.73 0.00 M-2 07384YJV9 MEZ 3.11875% 23,265,000.00 62,480.26 0.00 B 07384YJW7 SUB 4.61875% 20,680,000.00 82,249.67 0.00 B-IO BSA032BIO IO 0.00000% 0.00 241,262.81 0.00 R-1 BSA0302R1 RES 0.00000% 0.00 0.00 0.00 R-2 BSA0302R2 RES 0.00000% 0.00 0.00 0.00 R-3 BSA0302R3 RES 0.00000% 0.00 0.00 0.00 OC BSA0302OC OC 0.00000% 7,796,474.67 0.00 0.00 Totals 434,660,224.91 1,136,022.25 16,603,049.06
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 146,599,731.31 10,105,330.85 0.00 A-2 0.00 165,285,969.87 6,934,724.95 0.00 A-3 0.00 28,579,000.00 45,989.37 0.00 A-IO 0.00 0.00 215,416.67 0.00 M-1 0.00 25,851,000.00 51,616.73 0.00 M-2 0.00 23,265,000.00 62,480.26 0.00 B 0.00 20,680,000.00 82,249.67 0.00 B-IO 0.00 0.00 241,262.81 0.00 R-1 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 OC 0.00 9,306,154.25 0.00 0.00 Totals 0.00 419,566,855.43 17,739,071.31 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) A-1 200,005,000.00 156,500,389.00 0.00 9,900,657.69 0.00 0.00 A-2 218,628,000.00 171,988,361.24 0.00 6,702,391.37 0.00 0.00 A-3 28,579,000.00 28,579,000.00 0.00 0.00 0.00 0.00 A-IO 0.00 0.00 0.00 0.00 0.00 0.00 M-1 25,851,000.00 25,851,000.00 0.00 0.00 0.00 0.00 M-2 23,265,000.00 23,265,000.00 0.00 0.00 0.00 0.00 B 20,680,000.00 20,680,000.00 0.00 0.00 0.00 0.00 B-IO 0.00 0.00 0.00 0.00 0.00 0.00 R-1 50.00 0.00 0.00 0.00 0.00 0.00 R-2 50.00 0.00 0.00 0.00 0.00 0.00 R-3 50.00 0.00 0.00 0.00 0.00 0.00 OC 569.35 7,796,474.67 0.00 0.00 0.00 0.00 Totals 517,008,719.35 434,660,224.91 0.00 16,603,049.06 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 A-1 9,900,657.69 146,599,731.31 0.73298033 9,900,657.69 A-2 6,702,391.37 165,285,969.87 0.75601465 6,702,391.37 A-3 0.00 28,579,000.00 1.00000000 0.00 A-IO 0.00 0.00 0.00000000 0.00 M-1 0.00 25,851,000.00 1.00000000 0.00 M-2 0.00 23,265,000.00 1.00000000 0.00 B 0.00 20,680,000.00 1.00000000 0.00 B-IO 0.00 0.00 0.00000000 0.00 R-1 0.00 0.00 0.00000000 0.00 R-2 0.00 0.00 0.00000000 0.00 R-3 0.00 0.00 0.00000000 0.00 OC 0.00 9,306,154.25 16,345.22569597 0.00 Totals 16,603,049.06 419,566,855.43 0.81152762 16,603,049.06
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 200,005,000.00 782.48238294 0.00000000 49.50205090 0.00000000 A-2 218,628,000.00 786.67124632 0.00000000 30.65660103 0.00000000 A-3 28,579,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 A-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 M-1 25,851,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 23,265,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B 20,680,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-IO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000000 0.00000000 0.00000000 0.00000000 OC 569.35 13693641.29270220 0.00000000 0.00000000 0.00000000 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 A-1 0.00000000 49.50205090 732.98033204 0.73298033 49.50205090 A-2 0.00000000 30.65660103 756.01464529 0.75601465 30.65660103 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 A-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-IO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.0000000016,345,225.69596910 16345.22569597 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 A-1 200,005,000.00 1.51875% 156,500,389.00 204,673.16 0.00 0.00 A-2 218,628,000.00 1.56875% 171,988,361.24 232,333.58 0.00 0.00 A-3 28,579,000.00 1.86875% 28,579,000.00 45,989.37 0.00 0.00 A-IO 0.00 5.00000% 51,700,000.00 215,416.67 0.00 0.00 M-1 25,851,000.00 2.31875% 25,851,000.00 51,616.73 0.00 0.00 M-2 23,265,000.00 3.11875% 23,265,000.00 62,480.26 0.00 0.00 B 20,680,000.00 4.61875% 20,680,000.00 82,249.67 0.00 0.00 B-IO 0.00 0.00000% 434,660,224.91 0.00 0.00 0.00 R-1 50.00 0.00000% 0.00 0.00 0.00 0.00 R-2 50.00 0.00000% 0.00 0.00 0.00 0.00 R-3 50.00 0.00000% 0.00 0.00 0.00 0.00 OC 569.35 0.00000% 7,796,474.67 0.00 0.00 0.00 Totals 517,008,719.35 894,759.44 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 A-1 0.00 0.00 204,673.16 0.00 146,599,731.31 A-2 0.00 0.00 232,333.58 0.00 165,285,969.87 A-3 0.00 0.00 45,989.37 0.00 28,579,000.00 A-IO 0.00 0.00 215,416.67 0.00 51,700,000.00 M-1 0.00 0.00 51,616.73 0.00 25,851,000.00 M-2 0.00 0.00 62,480.26 0.00 23,265,000.00 B 0.00 0.00 82,249.67 0.00 20,680,000.00 B-IO 0.00 0.00 241,262.81 0.00 419,566,855.43 R-1 0.00 0.00 0.00 0.00 0.00 R-2 0.00 0.00 0.00 0.00 0.00 R-3 0.00 0.00 0.00 0.00 0.00 OC 0.00 0.00 0.00 0.00 9,306,154.25 Totals 0.00 0.00 1,136,022.25 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 A-1 200,005,000.00 1.51875% 782.48238294 1.02334022 0.00000000 0.00000000 A-2 218,628,000.00 1.56875% 786.67124632 1.06268904 0.00000000 0.00000000 A-3 28,579,000.00 1.86875% 1000.00000000 1.60920151 0.00000000 0.00000000 A-IO 0.00 5.00000% 1000.00000000 4.16666673 0.00000000 0.00000000 M-1 25,851,000.00 2.31875% 1000.00000000 1.99670148 0.00000000 0.00000000 M-2 23,265,000.00 3.11875% 1000.00000000 2.68559037 0.00000000 0.00000000 B 20,680,000.00 4.61875% 1000.00000000 3.97725677 0.00000000 0.00000000 B-IO 0.00 0.00000% 840.72150962 0.00000000 0.00000000 0.00000000 R-1 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-2 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R-3 50.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 OC 569.35 0.00000% 13693641.29270220 0.00000000 0.00000000 0.00000000 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 A-1 0.00000000 0.00000000 1.02334022 0.00000000 732.98033204 A-2 0.00000000 0.00000000 1.06268904 0.00000000 756.01464529 A-3 0.00000000 0.00000000 1.60920151 0.00000000 1000.00000000 A-IO 0.00000000 0.00000000 4.16666673 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 1.99670148 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.68559037 0.00000000 1000.00000000 B 0.00000000 0.00000000 3.97725677 0.00000000 1000.00000000 B-IO 0.00000000 0.00000000 0.46665147 0.00000000 811.52785525 R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 OC 0.00000000 0.00000000 0.00000000 0.00000000 16345225.69596910 (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 17,879,080.14 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 470,257.42 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 18,349,337.56 Withdrawals Reimbursement for Servicer Advances 443,173.49 Payment of Service Fee 167,092.76 Payment of Interest and Principal 17,739,071.31 Total Withdrawals (Pool Distribution Amount) 18,349,337.56 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 163,470.59 Master Servicing Fee 3,622.17 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 167,092.76
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Financial Guaranty 0.00 0.00 0.00 0.00 Reserve Fund 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 95 1 0 96 6,755,122.49 149,371.84 0.00 6,904,494.33 30 Days 203 25 2 0 230 18,740,885.49 1,752,639.80 149,537.00 0.00 20,643,062.29 60 Days 92 15 4 0 111 9,074,800.82 1,137,166.17 384,422.69 0.00 10,596,389.68 90 Days 34 5 18 0 57 3,261,350.69 266,957.81 2,224,162.98 0.00 5,752,471.48 120 Days 27 5 27 0 59 3,132,876.59 324,904.18 4,114,086.89 0.00 7,571,867.66 150 Days 10 10 21 0 41 2,269,659.52 1,255,324.33 3,378,312.58 0.00 6,903,296.43 180+ Days 10 12 52 6 80 1,005,530.38 912,020.21 6,318,712.11 553,083.56 8,789,346.26 Totals 376 167 125 6 674 37,485,103.49 12,404,134.99 16,718,606.09 553,083.56 67,160,928.13 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 2.261366% 0.023804% 0.000000% 2.285170% 1.606607% 0.035526% 0.000000% 1.642133% 30 Days 4.832183% 0.595096% 0.047608% 0.000000% 5.474887% 4.457246% 0.416840% 0.035565% 0.000000% 4.909650% 60 Days 2.189955% 0.357058% 0.095215% 0.000000% 2.642228% 2.158309% 0.270458% 0.091429% 0.000000% 2.520196% 90 Days 0.809331% 0.119019% 0.428469% 0.000000% 1.356820% 0.775665% 0.063492% 0.528985% 0.000000% 1.368141% 120 Days 0.642704% 0.119019% 0.642704% 0.000000% 1.404428% 0.745109% 0.077274% 0.978475% 0.000000% 1.800858% 150 Days 0.238039% 0.238039% 0.499881% 0.000000% 0.975958% 0.539805% 0.298561% 0.803482% 0.000000% 1.641848% 180+ Days 0.238039% 0.285646% 1.237801% 0.142823% 1.904308% 0.239151% 0.216911% 1.502813% 0.131543% 2.090417% Totals 8.950250% 3.975244% 2.975482% 0.142823% 16.043799% 8.915284% 2.950142% 3.976276% 0.131543% 15.973245%
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 4 1 0 5 223,205.43 149,371.84 0.00 372,577.27 30 Days 14 2 0 0 16 2,007,769.22 293,835.10 0.00 0.00 2,301,604.32 60 Days 10 0 1 0 11 939,326.51 0.00 5,533.92 0.00 944,860.43 90 Days 3 0 2 0 5 241,616.83 0.00 195,768.75 0.00 437,385.58 120 Days 2 0 3 0 5 284,772.42 0.00 246,537.93 0.00 531,310.35 150 Days 0 1 3 0 4 0.00 62,842.81 437,827.83 0.00 500,670.64 180 Days 1 1 9 2 13 92,793.42 131,359.49 949,132.60 193,336.66 1,366,622.17 Totals 30 8 19 2 59 3,566,278.40 711,242.83 1,984,172.87 193,336.66 6,455,030.76 0-29 Days 1.015228% 0.253807% 0.000000% 1.269036% 0.393714% 0.263478% 0.000000% 0.657193% 30 Days 3.553299% 0.507614% 0.000000% 0.000000% 4.060914% 3.541524% 0.518299% 0.000000% 0.000000% 4.059822% 60 Days 2.538071% 0.000000% 0.253807% 0.000000% 2.791878% 1.656887% 0.000000% 0.009761% 0.000000% 1.666649% 90 Days 0.761421% 0.000000% 0.507614% 0.000000% 1.269036% 0.426190% 0.000000% 0.345318% 0.000000% 0.771509% 120 Days 0.507614% 0.000000% 0.761421% 0.000000% 1.269036% 0.502313% 0.000000% 0.434871% 0.000000% 0.937184% 150 Days 0.000000% 0.253807% 0.761421% 0.000000% 1.015228% 0.000000% 0.110849% 0.772289% 0.000000% 0.883138% 180 Days 0.253807% 0.253807% 2.284264% 0.507614% 3.299492% 0.163679% 0.231706% 1.674184% 0.341028% 2.410598% Totals 7.614213% 2.030457% 4.822335% 0.507614% 14.974619% 6.290593% 1.254568% 3.499902% 0.341028% 11.386092% 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 23 0 0 23 2,925,361.83 0.00 0.00 2,925,361.83 30 Days 68 4 1 0 73 8,411,528.30 410,197.55 116,697.59 0.00 8,938,423.44 60 Days 27 5 1 0 33 2,567,327.98 594,978.65 328,589.21 0.00 3,490,895.84 90 Days 10 0 13 0 23 1,326,987.58 0.00 1,471,261.44 0.00 2,798,249.02 120 Days 8 2 12 0 22 1,568,691.16 69,144.73 3,141,386.95 0.00 4,779,222.84 150 Days 5 6 7 0 18 1,968,632.43 1,027,258.55 1,580,173.56 0.00 4,576,064.54 180 Days 2 5 18 1 26 561,007.31 540,863.42 3,260,696.94 61,072.73 4,423,640.40 Totals 120 45 52 1 218 16,404,174.76 5,567,804.73 9,898,805.69 61,072.73 31,931,857.91 0-29 Days 2.390852% 0.000000% 0.000000% 2.390852% 2.319329% 0.000000% 0.000000% 2.319329% 30 Days 7.068607% 0.415800% 0.103950% 0.000000% 7.588358% 6.668952% 0.325219% 0.092522% 0.000000% 7.086693% 60 Days 2.806653% 0.519751% 0.103950% 0.000000% 3.430353% 2.035467% 0.471720% 0.260517% 0.000000% 2.767704% 90 Days 1.039501% 0.000000% 1.351351% 0.000000% 2.390852% 1.052082% 0.000000% 1.166467% 0.000000% 2.218549% 120 Days 0.831601% 0.207900% 1.247401% 0.000000% 2.286902% 1.243713% 0.054820% 2.490601% 0.000000% 3.789134% 150 Days 0.519751% 0.623701% 0.727651% 0.000000% 1.871102% 1.560800% 0.814446% 1.252817% 0.000000% 3.628063% 180 Days 0.207900% 0.519751% 1.871102% 0.103950% 2.702703% 0.444786% 0.428815% 2.585194% 0.048421% 3.507216% Totals 12.474012% 4.677755% 5.405405% 0.103950% 22.661123% 13.005800% 4.414349% 7.848117% 0.048421% 25.316686% 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 51 0 0 51 2,661,663.98 0.00 0.00 2,661,663.98 30 Days 100 12 1 0 113 7,210,730.87 520,507.36 32,839.41 0.00 7,764,077.64 60 Days 50 9 2 0 61 5,335,906.15 516,793.19 50,299.56 0.00 5,902,998.90 90 Days 21 4 3 0 28 1,692,746.28 194,887.47 557,132.79 0.00 2,444,766.54 120 Days 13 3 10 0 26 1,043,142.15 255,759.45 630,088.74 0.00 1,928,990.34 150 Days 5 3 9 0 17 301,027.09 165,222.97 1,245,250.48 0.00 1,711,500.54 180 Days 6 5 20 3 34 302,035.95 183,684.30 1,916,451.97 298,674.17 2,700,846.39 Totals 195 87 45 3 330 15,885,588.49 4,498,518.72 4,432,062.95 298,674.17 25,114,844.33 0-29 Days 2.007874% 0.000000% 0.000000% 2.007874% 1.195055% 0.000000% 0.000000% 1.195055% 30 Days 3.937008% 0.472441% 0.039370% 0.000000% 4.448819% 3.237531% 0.233701% 0.014744% 0.000000% 3.485977% 60 Days 1.968504% 0.354331% 0.078740% 0.000000% 2.401575% 2.395757% 0.232034% 0.022584% 0.000000% 2.650375% 90 Days 0.826772% 0.157480% 0.118110% 0.000000% 1.102362% 0.760023% 0.087502% 0.250146% 0.000000% 1.097671% 120 Days 0.511811% 0.118110% 0.393701% 0.000000% 1.023622% 0.468358% 0.114833% 0.282902% 0.000000% 0.866093% 150 Days 0.196850% 0.118110% 0.354331% 0.000000% 0.669291% 0.135158% 0.074183% 0.559102% 0.000000% 0.768443% 180 Days 0.236220% 0.196850% 0.787402% 0.118110% 1.338583% 0.135610% 0.082472% 0.860464% 0.134101% 1.212647% Totals 7.677165% 3.425197% 1.771654% 0.118110% 12.992126% 7.132437% 2.019780% 1.989943% 0.134101% 11.276261% 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 17 0 0 17 944,891.25 0.00 0.00 944,891.25 30 Days 21 7 0 0 28 1,110,857.10 528,099.79 0.00 0.00 1,638,956.89 60 Days 5 1 0 0 6 232,240.18 25,394.33 0.00 0.00 257,634.51 90 Days 0 1 0 0 1 0.00 72,070.34 0.00 0.00 72,070.34 120 Days 4 0 2 0 6 236,270.86 0.00 96,073.27 0.00 332,344.13 150 Days 0 0 2 0 2 0.00 0.00 115,060.71 0.00 115,060.71 180 Days 1 1 5 0 7 49,693.70 56,113.00 192,430.60 0.00 298,237.30 Totals 31 27 9 0 67 1,629,061.84 1,626,568.71 403,564.58 0.00 3,659,195.13 0-29 Days 5.573770% 0.000000% 0.000000% 5.573770% 6.335682% 0.000000% 0.000000% 6.335682% 30 Days 6.885246% 2.295082% 0.000000% 0.000000% 9.180328% 7.448515% 3.541013% 0.000000% 0.000000% 10.989529% 60 Days 1.639344% 0.327869% 0.000000% 0.000000% 1.967213% 1.557216% 0.170274% 0.000000% 0.000000% 1.727490% 90 Days 0.000000% 0.327869% 0.000000% 0.000000% 0.327869% 0.000000% 0.483246% 0.000000% 0.000000% 0.483246% 120 Days 1.311475% 0.000000% 0.655738% 0.000000% 1.967213% 1.584243% 0.000000% 0.644190% 0.000000% 2.228433% 150 Days 0.000000% 0.000000% 0.655738% 0.000000% 0.655738% 0.000000% 0.000000% 0.771505% 0.000000% 0.771505% 180 Days 0.327869% 0.327869% 1.639344% 0.000000% 2.295082% 0.333206% 0.376249% 1.290285% 0.000000% 1.999740% Totals 10.163934% 8.852459% 2.950820% 0.000000% 21.967213% 10.923180% 10.906463% 2.705980% 0.000000% 24.535624%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 470,257.42
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 7.779694% Weighted Average Net Coupon 7.328388% Weighted Average Pass-Through Rate 7.318388% Weighted Average Maturity(Stepdown Calculation ) 298 Beginning Scheduled Collateral Loan Count 4,300 Number Of Loans Paid In Full 99 Ending Scheduled Collateral Loan Count 4,201 Beginning Scheduled Collateral Balance 434,660,224.91 Ending Scheduled Collateral Balance 419,566,855.43 Ending Actual Collateral Balance at 30-Nov-2003 420,458,896.63 Monthly P &I Constant 3,464,037.13 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 122,355.25 Ending Scheduled Balance for Premium Loans 419,566,855.43 Scheduled Principal 646,100.79 Unscheduled Principal 14,447,268.69 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 1,509,679.58 Overcollateralized reduction Amount 0.00 Specified O/C Amount 9,306,154.25 Overcollateralized Amount 9,306,154.25 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 1,509,679.58 Excess Cash Amount 1,750,942.39
Group Level Collateral Statement Group Group 1 Group 2 Group 3 Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 6.937330 7.110569 8.292874 Weighted Average Net Rate 6.545320 6.654553 7.832361 Weighted Average Maturity 313 317 285 Beginning Loan Count 407 993 2,591 Loans Paid In Full 13 31 51 Ending Loan Count 394 962 2,540 Beginning Scheduled Balance 58,418,050.46 132,997,594.85 228,101,132.82 Ending scheduled Balance 56,587,724.15 125,827,509.00 222,277,033.53 Record Date 11/30/2003 11/30/2003 11/30/2003 Principal And Interest Constant 420,623.99 962,975.75 1,939,927.98 Scheduled Principal 82,902.91 174,901.95 363,583.00 Unscheduled Principal 1,747,423.40 6,995,183.90 5,460,516.29 Scheduled Interest 337,721.08 788,073.80 1,576,344.98 Servicing Fees 19,083.73 50,540.88 87,536.21 Master Servicing Fees 486.82 1,108.29 1,900.87 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 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 318,150.53 736,424.63 1,486,907.90 Realized Loss Amount 0.00 0.00 0.00 Cumulative Realized Loss 0.00 0.00 122,355.25 Percentage of Cumulative Losses 0.0000 0.0000 0.0454 Prepayment Penalties 0.00 0.00 0.00 Special Servicing Fee 0.00 0.00 0.00 Pass-Through Rate 6.535320 6.644553 7.822361
Group Level Collateral Statement Group Group 4 Total Collateral Description Mixed ARM Fixed & Mixed ARM Weighted Average Coupon Rate 9.175968 7.779694 Weighted Average Net Rate 8.675967 7.328388 Weighted Average Maturity 260 298 Beginning Loan Count 309 4,300 Loans Paid In Full 4 99 Ending Loan Count 305 4,201 Beginning Scheduled Balance 15,143,446.78 434,660,224.91 Ending scheduled Balance 14,874,588.75 419,566,855.43 Record Date 11/30/2003 11/30/2003 Principal And Interest Constant 140,509.41 3,464,037.13 Scheduled Principal 24,712.93 646,100.79 Unscheduled Principal 244,145.10 14,447,268.69 Scheduled Interest 115,796.48 2,817,936.34 Servicing Fees 6,309.77 163,470.59 Master Servicing Fees 126.19 3,622.17 Trustee Fee 0.00 0.00 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 109,360.52 2,650,843.58 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 122,355.25 Percentage of Cumulative Losses 0.0000 0.0237 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 8.665968 7.318388
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