-----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, LJvnpH+4x+0ygMEtwNAAlbi39od7gM5OCHia94QVz9cOM39D7u+2q7cN//Fa4vlL 6SMDb/ulM3Xw7LYI1YMPfg== 0001056404-03-001402.txt : 20030808 0001056404-03-001402.hdr.sgml : 20030808 20030808165601 ACCESSION NUMBER: 0001056404-03-001402 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 MORT INVEST INC MORT PAS THR CERT SE 03 CL1 CENTRAL INDEX KEY: 0001251610 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 133633241 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 033-44658-33 FILM NUMBER: 03832378 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 sam03cl1.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 MORTGAGE INVESTMENTS TRUST Mortgage Pass-Through Certificates, Series 2003-CL1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 033-44658-33 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 MORTGAGE INVESTMENTS TRUST, Mortgage Pass-Through Certificates, Series 2003-CL1 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-CL1 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 MORTGAGE INVESTMENTS TRUST Mortgage Pass-Through Certificates, Series 2003-CL1 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-CL1 Trust, relating to the July 25, 2003 distribution. EX-99.1
Structured Asset Mortgage Investments Trust Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 SAM Series: 2003-CL1 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 I-F1 86358HSS9 SEN 1.51375% 79,343,315.00 99,611.16 4,438,747.97 I-S1 86358HST7 SEN 6.48625% 0.00 426,822.70 0.00 I-F2 86358HSU4 SEN 1.71375% 45,111,998.00 64,118.45 2,779,253.88 I-S2 86358HSV2 SEN 5.78625% 0.00 216,487.46 0.00 I-I1 86358HSW0 SEN 0.77739% 0.00 84,917.44 0.00 I-I2 86358HSX8 SEN 2.81830% 0.00 6,926.76 0.00 I-PO 86358HSS9 SEN 0.00000% 3,302,908.53 0.00 231,037.18 II-A1 86358HSZ3 SEN 5.44603% 41,462,000.00 187,272.47 1,256,864.29 I-B1 86358HTA7 SUB 5.00000% 1,317,095.00 5,461.73 7,884.64 I-B2 86358HTB5 SUB 5.00000% 987,821.00 4,096.30 5,913.48 I-B3 86358HTC3 SUB 5.00000% 658,548.00 2,730.87 3,942.32 I-B4 86358HTL3 SUB 7.81800% 329,274.00 2,134.99 1,971.16 I-B5 86358HTM1 SUB 7.81800% 197,564.00 1,280.99 1,182.69 I-B6 86358HTN9 SUB 7.81800% 460,983.00 2,988.99 2,759.62 II-B1 86358HTD1 SUB 5.44603% 362,600.00 1,637.76 1,781.22 II-B2 86358HTE9 SUB 5.44603% 298,600.00 1,348.69 1,466.83 II-B3 86358HTF6 SUB 5.44603% 213,300.00 963.42 1,047.80 II-B4 86358HTP4 SUB 5.44603% 106,600.00 481.48 523.66 II-B5 86358HTQ2 SUB 5.44603% 64,000.00 289.07 314.39 II-B6 86358HTR0 SUB 5.44603% 149,338.00 674.52 733.88 R-I SAM03C1R1 RES 0.00000% 50.00 0.00 50.00 R-II SAM03C1R2 RES 0.00000% 50.00 0.00 50.00 R-III SAM03C1R3 RES 0.00000% 50.00 0.00 50.00 R-IV SAM03C1R4 RES 0.00000% 50.00 0.23 50.00 Totals 174,366,144.53 1,110,245.48 8,735,625.01
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-F1 0.00 74,904,567.03 4,538,359.13 0.00 I-S1 0.00 0.00 426,822.70 0.00 I-F2 0.00 42,332,744.12 2,843,372.33 0.00 I-S2 0.00 0.00 216,487.46 0.00 I-I1 0.00 0.00 84,917.44 0.00 I-I2 0.00 0.00 6,926.76 0.00 I-PO 0.00 3,071,871.35 231,037.18 0.00 II-A1 0.00 40,205,135.71 1,444,136.76 0.00 I-B1 0.00 1,309,210.36 13,346.37 0.00 I-B2 0.00 981,907.52 10,009.78 0.00 I-B3 0.00 654,605.68 6,673.19 0.00 I-B4 0.00 327,302.84 4,106.15 0.00 I-B5 0.00 196,381.31 2,463.68 0.00 I-B6 0.00 458,223.38 5,748.61 0.00 II-B1 0.00 360,818.78 3,418.98 0.00 II-B2 0.00 297,133.17 2,815.52 0.00 II-B3 0.00 212,252.20 2,011.22 0.00 II-B4 0.00 106,076.34 1,005.14 0.00 II-B5 0.00 63,685.61 603.46 0.00 II-B6 0.00 148,604.12 1,408.40 0.00 R-I 0.00 0.00 50.00 0.00 R-II 0.00 0.00 50.00 0.00 R-III 0.00 0.00 50.00 0.00 R-IV 0.00 0.00 50.23 0.00 Totals 0.00 165,630,519.52 9,845,870.49 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) I-F1 79,343,315.00 79,343,315.00 622,994.42 3,815,753.55 0.00 0.00 I-S1 0.00 0.00 0.00 0.00 0.00 0.00 I-F2 45,111,998.00 45,111,998.00 122,637.83 2,656,616.06 0.00 0.00 I-S2 0.00 0.00 0.00 0.00 0.00 0.00 I-I1 0.00 0.00 0.00 0.00 0.00 0.00 I-I2 0.00 0.00 0.00 0.00 0.00 0.00 I-PO 3,302,908.53 3,302,908.53 29,350.44 201,686.74 0.00 0.00 II-A1 41,462,000.00 41,462,000.00 203,677.84 1,053,186.46 0.00 0.00 I-B1 1,317,095.00 1,317,095.00 7,884.64 0.00 0.00 0.00 I-B2 987,821.00 987,821.00 5,913.48 0.00 0.00 0.00 I-B3 658,548.00 658,548.00 3,942.32 0.00 0.00 0.00 I-B4 329,274.00 329,274.00 1,971.16 0.00 0.00 0.00 I-B5 197,564.00 197,564.00 1,182.69 0.00 0.00 0.00 I-B6 460,983.00 460,983.00 2,759.62 0.00 0.00 0.00 II-B1 362,600.00 362,600.00 1,781.22 0.00 0.00 0.00 II-B2 298,600.00 298,600.00 1,466.83 0.00 0.00 0.00 II-B3 213,300.00 213,300.00 1,047.80 0.00 0.00 0.00 II-B4 106,600.00 106,600.00 523.66 0.00 0.00 0.00 II-B5 64,000.00 64,000.00 314.39 0.00 0.00 0.00 II-B6 149,338.00 149,338.00 733.88 0.00 0.00 0.00 R-I 50.00 50.00 2.21 47.79 0.00 0.00 R-II 50.00 50.00 8.10 41.90 0.00 0.00 R-III 50.00 50.00 8.10 41.90 0.00 0.00 R-IV 50.00 50.00 8.10 41.90 0.00 0.00 Totals 174,366,144.53 174,366,144.53 1,008,208.73 7,727,416.30 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 I-F1 4,438,747.97 74,904,567.03 0.94405643 4,438,747.97 I-S1 0.00 0.00 0.00000000 0.00 I-F2 2,779,253.88 42,332,744.12 0.93839214 2,779,253.88 I-S2 0.00 0.00 0.00000000 0.00 I-I1 0.00 0.00 0.00000000 0.00 I-I2 0.00 0.00 0.00000000 0.00 I-PO 231,037.18 3,071,871.35 0.93005039 231,037.18 II-A1 1,256,864.29 40,205,135.71 0.96968636 1,256,864.29 I-B1 7,884.64 1,309,210.36 0.99401361 7,884.64 I-B2 5,913.48 981,907.52 0.99401361 5,913.48 I-B3 3,942.32 654,605.68 0.99401362 3,942.32 I-B4 1,971.16 327,302.84 0.99401362 1,971.16 I-B5 1,182.69 196,381.31 0.99401364 1,182.69 I-B6 2,759.62 458,223.38 0.99401362 2,759.62 II-B1 1,781.22 360,818.78 0.99508764 1,781.22 II-B2 1,466.83 297,133.17 0.99508764 1,466.83 II-B3 1,047.80 212,252.20 0.99508767 1,047.80 II-B4 523.66 106,076.34 0.99508762 523.66 II-B5 314.39 63,685.61 0.99508766 314.39 II-B6 733.88 148,604.12 0.99508578 733.88 R-I 50.00 0.00 0.00000000 50.00 R-II 50.00 0.00 0.00000000 50.00 R-III 50.00 0.00 0.00000000 50.00 R-IV 50.00 0.00 0.00000000 50.00 Totals 8,735,625.01 165,630,519.52 0.94990068 8,735,625.01
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-F1 79,343,315.00 1000.00000000 7.85188292 48.09168296 0.00000000 I-S1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 45,111,998.00 1000.00000000 2.71851914 58.88934602 0.00000000 I-S2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-I1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-I2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 3,302,908.53 1000.00000000 8.88624064 61.06337435 0.00000000 II-A1 41,462,000.00 1000.00000000 4.91239786 25.40124596 0.00000000 I-B1 1,317,095.00 1000.00000000 5.98638671 0.00000000 0.00000000 I-B2 987,821.00 1000.00000000 5.98638822 0.00000000 0.00000000 I-B3 658,548.00 1000.00000000 5.98638216 0.00000000 0.00000000 I-B4 329,274.00 1000.00000000 5.98638216 0.00000000 0.00000000 I-B5 197,564.00 1000.00000000 5.98636391 0.00000000 0.00000000 I-B6 460,983.00 1000.00000000 5.98638128 0.00000000 0.00000000 II-B1 362,600.00 1000.00000000 4.91235521 0.00000000 0.00000000 II-B2 298,600.00 1000.00000000 4.91235767 0.00000000 0.00000000 II-B3 213,300.00 1000.00000000 4.91233005 0.00000000 0.00000000 II-B4 106,600.00 1000.00000000 4.91238274 0.00000000 0.00000000 II-B5 64,000.00 1000.00000000 4.91234375 0.00000000 0.00000000 II-B6 149,338.00 1000.00000000 4.91422143 0.00000000 0.00000000 R-I 50.00 1000.00000000 44.20000000 955.80000000 0.00000000 R-II 50.00 1000.00000000 162.00000000 838.00000000 0.00000000 R-III 50.00 1000.00000000 162.00000000 838.00000000 0.00000000 R-IV 50.00 1000.00000000 162.00000000 838.00000000 0.00000000 (2) All classes are per $1,000 denomination.
Principal Distribution Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-F1 0.00000000 55.94356588 944.05643412 0.94405643 55.94356588 I-S1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-F2 0.00000000 61.60786494 938.39213506 0.93839214 61.60786494 I-S2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-I1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-I2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-PO 0.00000000 69.94961498 930.05038502 0.93005039 69.94961498 II-A1 0.00000000 30.31364358 969.68635642 0.96968636 30.31364358 I-B1 0.00000000 5.98638671 994.01361329 0.99401361 5.98638671 I-B2 0.00000000 5.98638822 994.01361178 0.99401361 5.98638822 I-B3 0.00000000 5.98638216 994.01361784 0.99401362 5.98638216 I-B4 0.00000000 5.98638216 994.01361784 0.99401362 5.98638216 I-B5 0.00000000 5.98636391 994.01363609 0.99401364 5.98636391 I-B6 0.00000000 5.98638128 994.01361872 0.99401362 5.98638128 II-B1 0.00000000 4.91235521 995.08764479 0.99508764 4.91235521 II-B2 0.00000000 4.91235767 995.08764233 0.99508764 4.91235767 II-B3 0.00000000 4.91233005 995.08766995 0.99508767 4.91233005 II-B4 0.00000000 4.91238274 995.08761726 0.99508762 4.91238274 II-B5 0.00000000 4.91234375 995.08765625 0.99508766 4.91234375 II-B6 0.00000000 4.91422143 995.08577857 0.99508578 4.91422143 R-I 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-II 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-III 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 R-IV 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 (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 I-F1 79,343,315.00 1.51375% 79,343,315.00 100,088.29 0.00 0.00 I-S1 0.00 6.48625% 79,343,315.00 428,867.15 0.00 0.00 I-F2 45,111,998.00 1.71375% 45,111,998.00 64,425.57 0.00 0.00 I-S2 0.00 5.78625% 45,111,998.00 217,524.42 0.00 0.00 I-I1 0.00 0.77739% 131,709,507.00 85,324.19 0.00 0.00 I-I2 0.00 2.81830% 2,963,464.00 6,959.94 0.00 0.00 I-PO 3,302,908.53 0.00000% 3,302,908.53 0.00 0.00 0.00 II-A1 41,462,000.00 5.44603% 41,462,000.00 188,169.50 0.00 0.00 I-B1 1,317,095.00 5.00000% 1,317,095.00 5,487.90 0.00 0.00 I-B2 987,821.00 5.00000% 987,821.00 4,115.92 0.00 0.00 I-B3 658,548.00 5.00000% 658,548.00 2,743.95 0.00 0.00 I-B4 329,274.00 7.81800% 329,274.00 2,145.22 0.00 0.00 I-B5 197,564.00 7.81800% 197,564.00 1,287.13 0.00 0.00 I-B6 460,983.00 7.81800% 460,983.00 3,003.30 0.00 0.00 II-B1 362,600.00 5.44603% 362,600.00 1,645.61 0.00 0.00 II-B2 298,600.00 5.44603% 298,600.00 1,355.15 0.00 0.00 II-B3 213,300.00 5.44603% 213,300.00 968.03 0.00 0.00 II-B4 106,600.00 5.44603% 106,600.00 483.79 0.00 0.00 II-B5 64,000.00 5.44603% 64,000.00 290.46 0.00 0.00 II-B6 149,338.00 5.44603% 149,338.00 677.75 0.00 0.00 R-I 50.00 0.00000% 50.00 0.00 0.00 0.00 R-II 50.00 0.00000% 50.00 0.00 0.00 0.00 R-III 50.00 0.00000% 50.00 0.00 0.00 0.00 R-IV 50.00 0.00000% 50.00 0.00 0.00 0.00 Totals 174,366,144.53 1,115,563.27 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 I-F1 477.13 0.00 99,611.16 0.00 74,904,567.03 I-S1 2,044.45 0.00 426,822.70 0.00 74,904,567.03 I-F2 307.12 0.00 64,118.45 0.00 42,332,744.12 I-S2 1,036.96 0.00 216,487.46 0.00 42,332,744.12 I-I1 406.75 0.00 84,917.44 0.00 124,236,814.31 I-I2 33.18 0.00 6,926.76 0.00 2,945,723.56 I-PO 0.00 0.00 0.00 0.00 3,071,871.35 II-A1 897.03 0.00 187,272.47 0.00 40,205,135.71 I-B1 26.16 0.00 5,461.73 0.00 1,309,210.36 I-B2 19.62 0.00 4,096.30 0.00 981,907.52 I-B3 13.08 0.00 2,730.87 0.00 654,605.68 I-B4 10.23 0.00 2,134.99 0.00 327,302.84 I-B5 6.14 0.00 1,280.99 0.00 196,381.31 I-B6 14.32 0.00 2,988.99 0.00 458,223.38 II-B1 7.84 0.00 1,637.76 0.00 360,818.78 II-B2 6.46 0.00 1,348.69 0.00 297,133.17 II-B3 4.61 0.00 963.42 0.00 212,252.20 II-B4 2.31 0.00 481.48 0.00 106,076.34 II-B5 1.38 0.00 289.07 0.00 63,685.61 II-B6 3.23 0.00 674.52 0.00 148,604.12 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.00 0.00 0.00 R-III 0.00 0.00 0.00 0.00 0.00 R-IV 0.00 0.00 0.23 0.00 0.00 Totals 5,318.00 0.00 1,110,245.48 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 I-F1 79,343,315.00 1.51375% 1000.00000000 1.26145838 0.00000000 0.00000000 I-S1 0.00 6.48625% 1000.00000000 5.40520837 0.00000000 0.00000000 I-F2 45,111,998.00 1.71375% 1000.00000000 1.42812495 0.00000000 0.00000000 I-S2 0.00 5.78625% 1000.00000000 4.82187510 0.00000000 0.00000000 I-I1 0.00 0.77739% 1000.00000000 0.64782104 0.00000000 0.00000000 I-I2 0.00 2.81830% 1000.00000000 2.34858260 0.00000000 0.00000000 I-PO 3,302,908.53 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-A1 41,462,000.00 5.44603% 1000.00000000 4.53836043 0.00000000 0.00000000 I-B1 1,317,095.00 5.00000% 1000.00000000 4.16666983 0.00000000 0.00000000 I-B2 987,821.00 5.00000% 1000.00000000 4.16666582 0.00000000 0.00000000 I-B3 658,548.00 5.00000% 1000.00000000 4.16666667 0.00000000 0.00000000 I-B4 329,274.00 7.81800% 1000.00000000 6.51499967 0.00000000 0.00000000 I-B5 197,564.00 7.81800% 1000.00000000 6.51500273 0.00000000 0.00000000 I-B6 460,983.00 7.81800% 1000.00000000 6.51499079 0.00000000 0.00000000 II-B1 362,600.00 5.44603% 1000.00000000 4.53836183 0.00000000 0.00000000 II-B2 298,600.00 5.44603% 1000.00000000 4.53834561 0.00000000 0.00000000 II-B3 213,300.00 5.44603% 1000.00000000 4.53834974 0.00000000 0.00000000 II-B4 106,600.00 5.44603% 1000.00000000 4.53836773 0.00000000 0.00000000 II-B5 64,000.00 5.44603% 1000.00000000 4.53843750 0.00000000 0.00000000 II-B6 149,338.00 5.44603% 1000.00000000 4.53836264 0.00000000 0.00000000 R-I 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-III 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-IV 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) All classes are per $1,000 denomination.
Interest Distribution Factors Statement (continued) Remaining Ending Non-Supported Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-F1 0.00601349 0.00000000 1.25544490 0.00000000 944.05643412 I-S1 0.02576714 0.00000000 5.37944123 0.00000000 944.05643412 I-F2 0.00680794 0.00000000 1.42131701 0.00000000 938.39213506 I-S2 0.02298635 0.00000000 4.79888876 0.00000000 938.39213506 I-I1 0.00308824 0.00000000 0.64473281 0.00000000 943.26383220 I-I2 0.01119636 0.00000000 2.33738625 0.00000000 994.01361380 I-PO 0.00000000 0.00000000 0.00000000 0.00000000 930.05038502 II-A1 0.02163499 0.00000000 4.51672544 0.00000000 969.68635642 I-B1 0.01986189 0.00000000 4.14680034 0.00000000 994.01361329 I-B2 0.01986190 0.00000000 4.14680393 0.00000000 994.01361178 I-B3 0.01986188 0.00000000 4.14680479 0.00000000 994.01361784 I-B4 0.03106835 0.00000000 6.48393132 0.00000000 994.01361784 I-B5 0.03107854 0.00000000 6.48392420 0.00000000 994.01363609 I-B6 0.03106405 0.00000000 6.48394843 0.00000000 994.01361872 II-B1 0.02162162 0.00000000 4.51671263 0.00000000 995.08764479 II-B2 0.02163429 0.00000000 4.51671132 0.00000000 995.08764233 II-B3 0.02161275 0.00000000 4.51673699 0.00000000 995.08766995 II-B4 0.02166979 0.00000000 4.51669794 0.00000000 995.08761726 II-B5 0.02156250 0.00000000 4.51671875 0.00000000 995.08765625 II-B6 0.02162879 0.00000000 4.51673385 0.00000000 995.08577857 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 4.60000000 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 9,810,506.24 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 85,484.47 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 9,895,990.71 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 50,120.22 Payment of Interest and Principal 9,845,870.49 Total Withdrawals (Pool Distribution Amount) 9,895,990.71 Ending Balance 0.00
PREPAYMENT/CURTAILMENT INTEREST SHORTFALL Total Prepayment/Curtailment Interest Shortfall 5,318.00 Servicing Fee Support 0.00 Non-Supported Prepayment/Curtailment Interest Shortfall 5,318.00
SERVICING FEES Gross Servicing Fee 47,039.50 External Master Servicing Fee 1,627.71 Master Servicing Fee 1,453.01 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 50,120.22
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 2 167,541.56 0.00 0.00 167,541.56 30 Days 84 0 0 0 84 5,636,938.70 0.00 0.00 0.00 5,636,938.70 60 Days 32 0 0 0 32 1,750,042.16 0.00 0.00 0.00 1,750,042.16 90 Days 9 0 0 0 9 484,850.28 0.00 0.00 0.00 484,850.28 120 Days 2 0 0 0 2 38,235.64 0.00 0.00 0.00 38,235.64 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 1 0 0 0 1 26,683.29 0.00 0.00 0.00 26,683.29 Totals 128 2 0 0 130 7,936,750.07 167,541.56 0.00 0.00 8,104,291.63 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 0.058754% 0.000000% 0.000000% 0.058754% 0.100700% 0.000000% 0.000000% 0.100700% 30 Days 2.467685% 0.000000% 0.000000% 0.000000% 2.467685% 3.388038% 0.000000% 0.000000% 0.000000% 3.388038% 60 Days 0.940071% 0.000000% 0.000000% 0.000000% 0.940071% 1.051849% 0.000000% 0.000000% 0.000000% 1.051849% 90 Days 0.264395% 0.000000% 0.000000% 0.000000% 0.264395% 0.291415% 0.000000% 0.000000% 0.000000% 0.291415% 120 Days 0.058754% 0.000000% 0.000000% 0.000000% 0.058754% 0.022981% 0.000000% 0.000000% 0.000000% 0.022981% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.029377% 0.000000% 0.000000% 0.000000% 0.029377% 0.016038% 0.000000% 0.000000% 0.000000% 0.016038% Totals 3.760282% 0.058754% 0.000000% 0.000000% 3.819036% 4.770322% 0.100700% 0.000000% 0.000000% 4.871021%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 2 0 0 2 167,541.56 0.00 0.00 167,541.56 30 Days 65 0 0 0 65 3,020,779.21 0.00 0.00 0.00 3,020,779.21 60 Days 29 0 0 0 29 1,151,513.63 0.00 0.00 0.00 1,151,513.63 90 Days 8 0 0 0 8 339,027.01 0.00 0.00 0.00 339,027.01 120 Days 2 0 0 0 2 38,235.64 0.00 0.00 0.00 38,235.64 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 1 0 0 0 1 26,683.29 0.00 0.00 0.00 26,683.29 Totals 105 2 0 0 107 4,576,238.78 167,541.56 0.00 0.00 4,743,780.34 0-29 Days 0.079618% 0.000000% 0.000000% 0.079618% 0.210195% 0.000000% 0.000000% 0.210195% 30 Days 2.587580% 0.000000% 0.000000% 0.000000% 2.587580% 3.789817% 0.000000% 0.000000% 0.000000% 3.789817% 60 Days 1.154459% 0.000000% 0.000000% 0.000000% 1.154459% 1.444669% 0.000000% 0.000000% 0.000000% 1.444669% 90 Days 0.318471% 0.000000% 0.000000% 0.000000% 0.318471% 0.425337% 0.000000% 0.000000% 0.000000% 0.425337% 120 Days 0.079618% 0.000000% 0.000000% 0.000000% 0.079618% 0.047970% 0.000000% 0.000000% 0.000000% 0.047970% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.039809% 0.000000% 0.000000% 0.000000% 0.039809% 0.033476% 0.000000% 0.000000% 0.000000% 0.033476% Totals 4.179936% 0.079618% 0.000000% 0.000000% 4.259554% 5.741270% 0.210195% 0.000000% 0.000000% 5.951465% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 7 0 0 0 7 1,642,465.07 0.00 0.00 0.00 1,642,465.07 60 Days 1 0 0 0 1 428,510.73 0.00 0.00 0.00 428,510.73 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 8 0 0 0 8 2,070,975.80 0.00 0.00 0.00 2,070,975.80 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.846154% 0.000000% 0.000000% 0.000000% 3.846154% 3.640606% 0.000000% 0.000000% 0.000000% 3.640606% 60 Days 0.549451% 0.000000% 0.000000% 0.000000% 0.549451% 0.949816% 0.000000% 0.000000% 0.000000% 0.949816% 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 4.395604% 0.000000% 0.000000% 0.000000% 4.395604% 4.590422% 0.000000% 0.000000% 0.000000% 4.590422% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group II 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 12 0 0 0 12 973,694.42 0.00 0.00 0.00 973,694.42 60 Days 2 0 0 0 2 170,017.80 0.00 0.00 0.00 170,017.80 90 Days 1 0 0 0 1 145,823.27 0.00 0.00 0.00 145,823.27 120 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 15 0 0 0 15 1,289,535.49 0.00 0.00 0.00 1,289,535.49 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.690141% 0.000000% 0.000000% 0.000000% 1.690141% 2.343161% 0.000000% 0.000000% 0.000000% 2.343161% 60 Days 0.281690% 0.000000% 0.000000% 0.000000% 0.281690% 0.409142% 0.000000% 0.000000% 0.000000% 0.409142% 90 Days 0.140845% 0.000000% 0.000000% 0.000000% 0.140845% 0.350919% 0.000000% 0.000000% 0.000000% 0.350919% 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 2.112676% 0.000000% 0.000000% 0.000000% 2.112676% 3.103221% 0.000000% 0.000000% 0.000000% 3.103221%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 85,484.47
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 8.022326% Weighted Average Pass-Through Rate 7.677395% Weighted Average Maturity(Stepdown Calculation ) 190 Beginning Scheduled Collateral Loan Count 3,519 Number Of Loans Paid In Full 115 Ending Scheduled Collateral Loan Count 3,404 Beginning Scheduled Collateral Balance 174,366,144.53 Ending Scheduled Collateral Balance 165,630,520.24 Ending Actual Collateral Balance at 30-Jun-2003 166,377,669.35 Monthly P &I Constant 2,173,892.24 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Class A Non-PO Optimal Amount 9,335,388.04 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 165,630,520.24 Scheduled Principal 1,008,208.46 Unscheduled Principal 7,727,216.29
Miscellaneous Reporting Group 1 Senior Prepayment Percentage 100.000000% Group 2 Senior Prepayment Percentage 100.000000% Group 3 Senior Prepayment Percentage 100.000000% Group 1 Senior Percentage 96.927169% Group 2 Senior Percentage 96.915320% Group 3 Senior Percentage 97.200217% Group 1 Subordinate Percentage 3.072831% Group 2 Subordinate Percentage 3.084680% Group 3 Subordinate Percentage 2.799783% Group 1 Sub Prepayment Percentage 0.000000% Group 2 Sub Prepayment Percentage 0.000000% Group 3 Sub Prepayment Percentage 0.000000%
Group Level Collateral Statement Group Group I-1 Group I-2 Group II Collateral Description Fixed 30 Year Fixed 30 Year Fixed 30 Year Weighted Average Coupon Rate 9.061929 8.126428 5.862061 Weighted Average Net Rate 8.750527 7.834281 5.478662 Weighted Average Maturity 175 243 158 Beginning Loan Count 2,606 192 721 Loans Paid In Full 94 10 11 Ending Loan Count 2,512 182 710 Beginning Scheduled Balance 83,846,040.00 47,863,467.00 42,656,438.00 Ending scheduled Balance 79,232,675.06 45,004,139.25 41,393,705.93 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 1,298,160.34 457,783.40 417,948.50 Scheduled Principal 664,987.93 133,650.89 209,569.64 Unscheduled Principal 3,948,377.01 2,725,677.13 1,053,162.15 Scheduled Interest 633,172.41 324,132.51 208,378.86 Servicing Fees 21,758.18 11,652.64 13,628.68 Master Servicing Fees 698.73 398.87 355.41 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 377.31 446.03 804.37 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 610,338.19 311,634.97 193,590.40 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 8.735127 7.813098 5.446036
Group Level Collateral Statement Group Total Collateral Description Mixed ARM Weighted Average Coupon Rate 8.022326 Weighted Average Net Rate 7.698597 Weighted Average Maturity 190 Beginning Loan Count 3,519 Loans Paid In Full 115 Ending Loan Count 3,404 Beginning Scheduled Balance 174,365,945.00 Ending scheduled Balance 165,630,520.24 Record Date 06/30/2003 Principal And Interest Constant 2,173,892.24 Scheduled Principal 1,008,208.46 Unscheduled Principal 7,727,216.29 Scheduled Interest 1,165,683.78 Servicing Fees 47,039.50 Master Servicing Fees 1,453.01 Trustee Fee 0.00 FRY Amount 0.00 Special Hazard Fee 0.00 Other Fee 1,627.71 Pool Insurance Fee 0.00 Spread Fee 1 0.00 Spread Fee 2 0.00 Spread Fee 3 0.00 Net Interest 1,115,563.56 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Percentage of Cumulative Losses 0.00 Prepayment Penalties 0.00 Special Servicing Fee 0.00 Pass-Through Rate 7.677395
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