-----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, Si7Hs1lYUT3cC31fakhJbDvFbB0MJcL3Bd78WlcnBnMt+BoxCka/wR3DVl0abHvT I4hJe9fMm/9tzvj0cd0Zrg== 0001056404-03-001452.txt : 20030811 0001056404-03-001452.hdr.sgml : 20030811 20030811171735 ACCESSION NUMBER: 0001056404-03-001452 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: 20030811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY ABS CAPITAL 1 INC TRUST SERIES 2003-SD1 CENTRAL INDEX KEY: 0001254177 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: 333-104046-07 FILM NUMBER: 03835243 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY 2ND FL CITY: NEW YORK STATE: NY ZIP: 10036 8-K 1 msi03sd1.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 MORGAN STANLEY ABS CAPITAL I, INC. Mortgage Pass-Through Certificates, Series 2003-SD1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-104046-07 54-2116918 Pooling and Servicing Agreement) (Commission 54-2116917 (State or other File Number) IRS EIN 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 MORGAN STANLEY ABS CAPITAL I, INC., Mortgage Pass-Through Certificates, Series 2003-SD1 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-SD1 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. MORGAN STANLEY ABS CAPITAL I, INC. Mortgage Pass-Through Certificates, Series 2003-SD1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 8/7/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-SD1 Trust, relating to the July 25, 2003 distribution.
Morgan Stanley ABS Capital I Inc Mortgage Pass-Through Certificates Record Date: 6/30/03 Distribution Date: 7/25/03 MSI Series: 2003-SD1 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 A-1 61746RCE9 SEN 1.61375% 107,267,000.00 120,209.81 1,998,468.76 A-2 61746RCK5 SEN 1.86375% 35,755,000.00 46,276.65 666,143.83 M-1 61746RCF6 MEZ 2.61375% 10,465,000.00 18,995.07 0.00 M-2 61746RCG4 MEZ 3.71375% 9,157,000.00 23,615.84 0.00 B-1 61746RCH2 SUB 5.11375% 6,453,000.00 22,915.99 0.00 B-2 61746RCJ8 SUB 5.11375% 2,267,000.00 8,050.61 0.00 X MSI003SDX OC 0.00000% 3,053,280.00 970,613.75 0.00 P MSI003SDP SEN 0.00000% 100.00 43,344.68 0.00 R MSI03SDRU R 0.00000% 0.00 0.00 0.00 Totals 174,417,380.00 1,254,022.40 2,664,612.59
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 105,268,531.24 2,118,678.57 0.00 A-2 0.00 35,088,856.17 712,420.48 0.00 M-1 0.00 10,465,000.00 18,995.07 0.00 M-2 0.00 9,157,000.00 23,615.84 0.00 B-1 0.00 6,453,000.00 22,915.99 0.00 B-2 0.00 2,267,000.00 8,050.61 0.00 X 0.00 3,053,180.14 970,613.75 0.00 P 0.00 100.00 43,344.68 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 171,752,667.55 3,918,634.99 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-1 107,267,000.00 107,267,000.00 0.00 1,998,468.76 0.00 0.00 A-2 35,755,000.00 35,755,000.00 0.00 666,143.83 0.00 0.00 M-1 10,465,000.00 10,465,000.00 0.00 0.00 0.00 0.00 M-2 9,157,000.00 9,157,000.00 0.00 0.00 0.00 0.00 B-1 6,453,000.00 6,453,000.00 0.00 0.00 0.00 0.00 B-2 2,267,000.00 2,267,000.00 0.00 0.00 0.00 0.00 X 3,053,280.00 3,053,280.00 0.00 0.00 0.00 0.00 P 100.00 100.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 174,417,380.00 174,417,380.00 0.00 2,664,612.59 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 1,998,468.76 105,268,531.24 0.98136921 1,998,468.76 A-2 666,143.83 35,088,856.17 0.98136921 666,143.83 M-1 0.00 10,465,000.00 1.00000000 0.00 M-2 0.00 9,157,000.00 1.00000000 0.00 B-1 0.00 6,453,000.00 1.00000000 0.00 B-2 0.00 2,267,000.00 1.00000000 0.00 X 0.00 3,053,180.14 0.99996729 0.00 P 0.00 100.00 1.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 2,664,612.59 171,752,667.55 0.98472221 2,664,612.59
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 107,267,000.00 1000.00000000 0.00000000 18.63078822 0.00000000 A-2 35,755,000.00 1000.00000000 0.00000000 18.63078814 0.00000000 M-1 10,465,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 9,157,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-1 6,453,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 B-2 2,267,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 X 3,053,280.00 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 0.00000000 0.00000000
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 18.63078822 981.36921178 0.98136921 18.63078822 A-2 0.00000000 18.63078814 981.36921186 0.98136921 18.63078814 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-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 B-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 X 0.00000000 0.00000000 999.96729419 0.99996729 0.00000000 P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 R 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 A-1 107,267,000.00 1.61375% 107,267,000.00 120,209.81 0.00 0.00 A-2 35,755,000.00 1.86375% 35,755,000.00 46,276.65 0.00 0.00 M-1 10,465,000.00 2.61375% 10,465,000.00 18,995.07 0.00 0.00 M-2 9,157,000.00 3.71375% 9,157,000.00 23,615.84 0.00 0.00 B-1 6,453,000.00 5.11375% 6,453,000.00 22,915.99 0.00 0.00 B-2 2,267,000.00 5.11375% 2,267,000.00 8,050.61 0.00 0.00 X 3,053,280.00 0.00000% 3,053,280.00 0.00 0.00 0.00 P 100.00 0.00000% 100.00 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 174,417,380.00 240,063.97 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 0.00 120,209.81 0.00 105,268,531.24 A-2 0.00 0.00 46,276.65 0.00 35,088,856.17 M-1 0.00 0.00 18,995.07 0.00 10,465,000.00 M-2 0.00 0.00 23,615.84 0.00 9,157,000.00 B-1 0.00 0.00 22,915.99 0.00 6,453,000.00 B-2 0.00 0.00 8,050.61 0.00 2,267,000.00 X 0.00 0.00 970,613.75 0.00 3,053,180.14 P 0.00 0.00 43,344.68 0.00 100.00 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 1,254,022.40 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 A-1 107,267,000.00 1.61375% 1000.00000000 1.12065976 0.00000000 0.00000000 A-2 35,755,000.00 1.86375% 1000.00000000 1.29427073 0.00000000 0.00000000 M-1 10,465,000.00 2.61375% 1000.00000000 1.81510463 0.00000000 0.00000000 M-2 9,157,000.00 3.71375% 1000.00000000 2.57899312 0.00000000 0.00000000 B-1 6,453,000.00 5.11375% 1000.00000000 3.55121494 0.00000000 0.00000000 B-2 2,267,000.00 5.11375% 1000.00000000 3.55121747 0.00000000 0.00000000 X 3,053,280.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 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 1.12065976 0.00000000 981.36921178 A-2 0.00000000 0.00000000 1.29427073 0.00000000 981.36921186 M-1 0.00000000 0.00000000 1.81510463 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 2.57899312 0.00000000 1000.00000000 B-1 0.00000000 0.00000000 3.55121494 0.00000000 1000.00000000 B-2 0.00000000 0.00000000 3.55121747 0.00000000 1000.00000000 X 0.00000000 0.00000000 317.89215205 0.00000000 999.96729419 P 0.00000000 0.00000000 433446.80000000 0.00000000 1000.00000000 R 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 3,606,878.05 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 346,173.38 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 43,344.68 Total Deposits 3,996,396.11 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 77,761.12 Payment of Interest and Principal 3,918,634.99 Total Withdrawals (Pool Distribution Amount) 3,996,396.11 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 72,673.88 Custodian Fee 726.74 Master Reporting Agent Fee 2,180.25 Trustee Fee 2,180.25 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 77,761.12
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance Arrearage Reserve Account 0.00 0.00 277,214.00 277,214.00 Excess 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 10 2 0 12 652,647.13 144,984.84 0.00 797,631.97 30 Days 161 10 0 0 171 16,178,460.23 790,583.02 0.00 0.00 16,969,043.25 60 Days 64 9 0 0 73 7,611,769.75 742,538.26 0.00 0.00 8,354,308.01 90 Days 41 2 2 0 45 5,868,586.42 205,892.79 122,300.57 0.00 6,196,779.78 120 Days 1 3 2 0 6 414,285.48 92,040.92 349,938.83 0.00 856,265.23 150 Days 2 3 0 0 5 253,816.40 257,460.07 0.00 0.00 511,276.47 180+ Days 19 77 3 0 99 1,799,096.84 6,557,377.29 308,757.86 0.00 8,665,231.99 Totals 288 114 9 0 411 32,126,015.12 9,298,539.48 925,982.10 0.00 42,350,536.70 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 0.650195% 0.130039% 0.000000% 0.780234% 0.379327% 0.084267% 0.000000% 0.463594% 30 Days 10.468140% 0.650195% 0.000000% 0.000000% 11.118336% 9.403139% 0.459497% 0.000000% 0.000000% 9.862636% 60 Days 4.161248% 0.585176% 0.000000% 0.000000% 4.746424% 4.424063% 0.431573% 0.000000% 0.000000% 4.855636% 90 Days 2.665800% 0.130039% 0.130039% 0.000000% 2.925878% 3.410901% 0.119668% 0.071083% 0.000000% 3.601652% 120 Days 0.065020% 0.195059% 0.130039% 0.000000% 0.390117% 0.240788% 0.053495% 0.203389% 0.000000% 0.497673% 150 Days 0.130039% 0.195059% 0.000000% 0.000000% 0.325098% 0.147522% 0.149639% 0.000000% 0.000000% 0.297161% 180+ Days 1.235371% 5.006502% 0.195059% 0.000000% 6.436931% 1.045659% 3.811236% 0.179454% 0.000000% 5.036350% Totals 18.725618% 7.412224% 0.585176% 0.000000% 26.723017% 18.672073% 5.404436% 0.538193% 0.000000% 24.614702%
Delinquency Status By Groups DELINQUENT BANKRUPTCY FORECLOSURE REO Total Mixed ARM 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 3 1 0 4 355,935.21 104,200.65 0.00 460,135.86 30 Days 96 8 0 0 104 11,249,650.21 684,187.32 0.00 0.00 11,933,837.53 60 Days 42 6 0 0 48 5,989,952.34 549,916.65 0.00 0.00 6,539,868.99 90 Days 34 1 1 0 36 5,433,082.76 78,830.37 70,710.49 0.00 5,582,623.62 120 Days 1 0 2 0 3 414,285.48 0.00 349,938.83 0.00 764,224.31 150 Days 0 1 0 0 1 0.00 169,183.81 0.00 0.00 169,183.81 180 Days 10 27 2 0 39 966,154.03 2,871,884.91 274,783.79 0.00 4,112,822.73 Totals 183 46 6 0 235 24,053,124.82 4,709,938.27 799,633.76 0.00 29,562,696.85 0-29 Days 0.407609% 0.135870% 0.000000% 0.543478% 0.337564% 0.098822% 0.000000% 0.436386% 30 Days 13.043478% 1.086957% 0.000000% 0.000000% 14.130435% 10.668999% 0.648873% 0.000000% 0.000000% 11.317872% 60 Days 5.706522% 0.815217% 0.000000% 0.000000% 6.521739% 5.680781% 0.521533% 0.000000% 0.000000% 6.202314% 90 Days 4.619565% 0.135870% 0.135870% 0.000000% 4.891304% 5.152654% 0.074762% 0.067061% 0.000000% 5.294476% 120 Days 0.135870% 0.000000% 0.271739% 0.000000% 0.407609% 0.392902% 0.000000% 0.331877% 0.000000% 0.724779% 150 Days 0.000000% 0.135870% 0.000000% 0.000000% 0.135870% 0.000000% 0.160451% 0.000000% 0.000000% 0.160451% 180 Days 1.358696% 3.668478% 0.271739% 0.000000% 5.298913% 0.916286% 2.723653% 0.260601% 0.000000% 3.900539% Totals 24.864130% 6.250000% 0.815217% 0.000000% 31.929348% 22.811622% 4.466835% 0.758361% 0.000000% 28.036818% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Mixed Fixed 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 7 1 0 8 296,711.92 40,784.19 0.00 337,496.11 30 Days 65 2 0 0 67 4,928,810.02 106,395.70 0.00 0.00 5,035,205.72 60 Days 22 3 0 0 25 1,621,817.41 192,621.61 0.00 0.00 1,814,439.02 90 Days 7 1 1 0 9 435,503.66 127,062.42 51,590.08 0.00 614,156.16 120 Days 0 3 0 0 3 0.00 92,040.92 0.00 0.00 92,040.92 150 Days 2 2 0 0 4 253,816.40 88,276.26 0.00 0.00 342,092.66 180 Days 9 50 1 0 60 832,942.81 3,685,492.38 33,974.07 0.00 4,552,409.26 Totals 105 68 3 0 176 8,072,890.30 4,588,601.21 126,348.34 0.00 12,787,839.85 0-29 Days 0.872818% 0.124688% 0.000000% 0.997506% 0.445437% 0.061227% 0.000000% 0.506664% 30 Days 8.104738% 0.249377% 0.000000% 0.000000% 8.354115% 7.399348% 0.159726% 0.000000% 0.000000% 7.559074% 60 Days 2.743142% 0.374065% 0.000000% 0.000000% 3.117207% 2.434744% 0.289172% 0.000000% 0.000000% 2.723916% 90 Days 0.872818% 0.124688% 0.124688% 0.000000% 1.122195% 0.653797% 0.190752% 0.077449% 0.000000% 0.921998% 120 Days 0.000000% 0.374065% 0.000000% 0.000000% 0.374065% 0.000000% 0.138176% 0.000000% 0.000000% 0.138176% 150 Days 0.249377% 0.249377% 0.000000% 0.000000% 0.498753% 0.381040% 0.132524% 0.000000% 0.000000% 0.513565% 180 Days 1.122195% 6.234414% 0.124688% 0.000000% 7.481297% 1.250451% 5.532824% 0.051003% 0.000000% 6.834278% Totals 13.092269% 8.478803% 0.374065% 0.000000% 21.945137% 12.119380% 6.888611% 0.189680% 0.000000% 19.197671%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 346,173.38
COLLATERAL STATEMENT Collateral Description Fixed & Mixed ARM Weighted Average Gross Coupon 8.864526% Weighted Average Net Coupon 8.364526% Weighted Average Pass-Through Rate 8.329526% Weighted Average Maturity(Stepdown Calculation ) 346 Beginning Scheduled Collateral Loan Count 1,562 Number Of Loans Paid In Full 24 Ending Scheduled Collateral Loan Count 1,538 Beginning Scheduled Collateral Balance 174,417,280.00 Ending Scheduled Collateral Balance 171,752,667.55 Ending Actual Collateral Balance at 30-Jun-2003 172,053,825.26 Monthly P &I Constant 1,484,661.96 Special Servicing Fee 0.00 Prepayment Penalties 43,344.68 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 171,752,667.55 Scheduled Principal 196,140.07 Unscheduled Principal 2,468,472.52 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 0.00 Specified O/C Amount 3,052,302.40 Overcollateralized Amount 3,053,180.14 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 970,613.74
Group Level Collateral Statement Group Mixed ARM Mixed Fixed Total Collateral Description Mixed ARM and Balloon Mixed Fixed Fixed & Mixed ARM Weighted Average Coupon Rate 8.669627 9.177604 8.864526 Weighted Average Net Rate 8.169627 8.677604 8.364526 Weighted Average Maturity 346 346 346 Beginning Loan Count 748 814 1,562 Loans Paid In Full 12 12 24 Ending Loan Count 736 802 1,538 Beginning Scheduled Balance 107,300,978.00 67,116,302.00 174,417,280.00 Ending scheduled Balance 105,307,637.81 66,445,029.74 171,752,667.55 Record Date 06/30/2003 06/30/2003 06/30/2003 Principal And Interest Constant 852,854.20 631,807.76 1,484,661.96 Scheduled Principal 77,638.01 118,502.06 196,140.07 Unscheduled Principal 1,915,702.18 552,770.34 2,468,472.52 Scheduled Interest 775,216.19 513,305.70 1,288,521.89 Servicing Fees 44,708.74 27,965.14 72,673.88 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,341.29 838.96 2,180.25 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 1,788.37 1,118.62 2,906.99 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 727,377.79 483,382.98 1,210,760.77 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 8.134627 8.642604 8.329526
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