-----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, EtrkRgGQUrm1hqK/M1uowygRyylubhyHWN7Kye88keHmpn7QTZSTD8sk9iWDRnPF xtDgsZ0qPoJeoSkSLY2Xfw== 0001056404-03-001824.txt : 20031006 0001056404-03-001824.hdr.sgml : 20031006 20031006154151 ACCESSION NUMBER: 0001056404-03-001824 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030920 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20031006 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BANC OF AMERICAN FUNDING CORP MORT PASS THRU CERT SER 2003-2 CENTRAL INDEX KEY: 0001257560 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: 333-38154-04 FILM NUMBER: 03929753 BUSINESS ADDRESS: STREET 1: C/O NORWEST BANK MINNESOTA N A STREET 2: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 baf03002.txt SEPTEMBER 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): September 25, 2003 BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-38154-04 54-2121780 Pooling and Servicing Agreement) (Commission 54-2121781 (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 September 25, 2003 a distribution was made to holders of BANC OF AMERICA FUNDING CORPORATION, Mortgage Pass-Through 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 Mortgage Pass-Through Certificates, Series 2003-2 Trust, relating to the September 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. BANC OF AMERICA FUNDING CORPORATION Mortgage Pass-Through Certificates, Series 2003-2 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: 9/30/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-2 Trust, relating to the September 25, 2003 distribution. EX-99.1
Banc of America Funding Corporation Mortgage Pass-Through Certificates Record Date: 8/31/03 Distribution Date: 9/25/03 BAF Series: 2003-2 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 1-A-1 05946XCR2 SEN 6.50000% 116,235,193.36 629,607.29 22,132,478.69 1-A-R 05946XCS0 SEN 6.50000% 0.00 0.00 0.00 1-A-LR 05946XCT8 SEN 6.50000% 0.00 0.00 0.00 1-A-WIO 05946XCU5 IO 0.37612% 0.00 27,206.22 0.00 2-A-1 05946XCV3 SEN 6.00000% 43,173,810.01 215,869.05 10,990,198.34 2-A-WIO 05946XCW1 IO 0.34019% 0.00 9,290.47 0.00 A-PO 05946XCX9 PO 0.00000% 1,269,172.68 0.00 203,407.39 B-1 05946XCY7 SUB 6.36282% 2,577,411.82 13,666.35 4,612.29 B-2 05946XCZ4 SUB 6.36282% 1,387,529.99 7,357.17 2,482.99 B-3 05946XDA8 SUB 6.36282% 892,411.37 4,731.88 1,596.98 B-4 05946XDB6 SUB 6.36282% 296,472.24 1,572.00 530.54 B-5 05946XDC4 SUB 6.36282% 198,646.38 1,053.29 355.48 B-6 05946XDD2 SUB 6.36282% 495,931.18 2,629.60 887.47 Totals 166,526,579.03 912,983.32 33,336,550.17
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses 1-A-1 0.00 94,102,714.67 22,762,085.98 0.00 1-A-R 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 27,206.22 0.00 2-A-1 0.00 32,183,611.68 11,206,067.39 0.00 2-A-WIO 0.00 0.00 9,290.47 0.00 A-PO 0.00 1,065,765.29 203,407.39 0.00 B-1 0.00 2,572,799.53 18,278.64 0.00 B-2 0.00 1,385,047.00 9,840.16 0.00 B-3 0.00 890,814.40 6,328.86 0.00 B-4 0.00 295,941.70 2,102.54 0.00 B-5 0.00 198,290.90 1,408.77 0.00 B-6 0.00 495,043.71 3,517.07 0.00 Totals 0.00 133,190,028.88 34,249,533.49 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) 1-A-1 138,606,000.00 116,235,193.36 111,243.90 22,021,234.79 0.00 0.00 1-A-R 50.00 0.00 0.00 0.00 0.00 0.00 1-A-LR 50.00 0.00 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 2-A-1 52,525,000.00 43,173,810.01 172,319.60 10,817,878.73 0.00 0.00 2-A-WIO 0.00 0.00 0.00 0.00 0.00 0.00 A-PO 1,570,675.00 1,269,172.68 2,742.23 200,665.16 0.00 0.00 B-1 2,582,000.00 2,577,411.82 4,612.29 0.00 0.00 0.00 B-2 1,390,000.00 1,387,529.99 2,482.99 0.00 0.00 0.00 B-3 894,000.00 892,411.37 1,596.98 0.00 0.00 0.00 B-4 297,000.00 296,472.24 530.54 0.00 0.00 0.00 B-5 199,000.00 198,646.38 355.48 0.00 0.00 0.00 B-6 496,814.00 495,931.18 887.47 0.00 0.00 0.00 Totals 198,560,589.00 166,526,579.03 296,771.48 33,039,778.68 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 1-A-1 22,132,478.69 94,102,714.67 0.67892237 22,132,478.69 1-A-R 0.00 0.00 0.00000000 0.00 1-A-LR 0.00 0.00 0.00000000 0.00 1-A-WIO 0.00 0.00 0.00000000 0.00 2-A-1 10,990,198.34 32,183,611.68 0.61272940 10,990,198.34 2-A-WIO 0.00 0.00 0.00000000 0.00 A-PO 203,407.39 1,065,765.29 0.67853967 203,407.39 B-1 4,612.29 2,572,799.53 0.99643669 4,612.29 B-2 2,482.99 1,385,047.00 0.99643669 2,482.99 B-3 1,596.98 890,814.40 0.99643669 1,596.98 B-4 530.54 295,941.70 0.99643670 530.54 B-5 355.48 198,290.90 0.99643668 355.48 B-6 887.47 495,043.71 0.99643671 887.47 Totals 33,336,550.17 133,190,028.88 0.67077777 33,336,550.17
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion 1-A-1 138,606,000.00 838.60145564 0.80259080 158.87649012 0.00000000 1-A-R 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 50.00 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 52,525,000.00 821.96687311 3.28071585 205.95675831 0.00000000 2-A-WIO 0.00 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 1,570,675.00 808.04283509 1.74589269 127.75727633 0.00000000 B-1 2,582,000.00 998.22301317 1.78632455 0.00000000 0.00000000 B-2 1,390,000.00 998.22301439 1.78632374 0.00000000 0.00000000 B-3 894,000.00 998.22300895 1.78633110 0.00000000 0.00000000 B-4 297,000.00 998.22303030 1.78632997 0.00000000 0.00000000 B-5 199,000.00 998.22301508 1.78633166 0.00000000 0.00000000 B-6 496,814.00 998.22303719 1.78632245 0.00000000 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 1-A-1 0.00000000 159.67908092 678.92237472 0.67892237 159.67908092 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2-A-1 0.00000000 209.23747435 612.72939895 0.61272940 209.23747435 2-A-WIO 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A-PO 0.00000000 129.50316902 678.53966607 0.67853967 129.50316902 B-1 0.00000000 1.78632455 996.43668861 0.99643669 1.78632455 B-2 0.00000000 1.78632374 996.43669065 0.99643669 1.78632374 B-3 0.00000000 1.78633110 996.43668904 0.99643669 1.78633110 B-4 0.00000000 1.78632997 996.43670034 0.99643670 1.78632997 B-5 0.00000000 1.78633166 996.43668342 0.99643668 1.78633166 B-6 0.00000000 1.78632245 996.43671475 0.99643671 1.78632245 (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 1-A-1 138,606,000.00 6.50000% 116,235,193.36 629,607.30 0.00 0.00 1-A-R 50.00 6.50000% 0.00 0.00 0.00 0.00 1-A-LR 50.00 6.50000% 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.37612% 86,800,020.12 27,206.22 0.00 0.00 2-A-1 52,525,000.00 6.00000% 43,173,810.01 215,869.05 0.00 0.00 2-A-WIO 0.00 0.34019% 32,771,842.91 9,290.47 0.00 0.00 A-PO 1,570,675.00 0.00000% 1,269,172.68 0.00 0.00 0.00 B-1 2,582,000.00 6.36282% 2,577,411.82 13,666.35 0.00 0.00 B-2 1,390,000.00 6.36282% 1,387,529.99 7,357.17 0.00 0.00 B-3 894,000.00 6.36282% 892,411.37 4,731.88 0.00 0.00 B-4 297,000.00 6.36282% 296,472.24 1,572.00 0.00 0.00 B-5 199,000.00 6.36282% 198,646.38 1,053.29 0.00 0.00 B-6 496,814.00 6.36282% 495,931.18 2,629.60 0.00 0.00 Totals 198,560,589.00 912,983.33 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 1-A-1 0.00 0.00 629,607.29 0.00 94,102,714.67 1-A-R 0.00 0.00 0.00 0.00 0.00 1-A-LR 0.00 0.00 0.00 0.00 0.00 1-A-WIO 0.00 0.00 27,206.22 0.00 72,393,364.51 2-A-1 0.00 0.00 215,869.05 0.00 32,183,611.68 2-A-WIO 0.00 0.00 9,290.47 0.00 24,859,900.94 A-PO 0.00 0.00 0.00 0.00 1,065,765.29 B-1 0.00 0.00 13,666.35 0.00 2,572,799.53 B-2 0.00 0.00 7,357.17 0.00 1,385,047.00 B-3 0.00 0.00 4,731.88 0.00 890,814.40 B-4 0.00 0.00 1,572.00 0.00 295,941.70 B-5 0.00 0.00 1,053.29 0.00 198,290.90 B-6 0.00 0.00 2,629.60 0.00 495,043.71 Totals 0.00 0.00 912,983.32 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 1-A-1 138,606,000.00 6.50000% 838.60145564 4.54242457 0.00000000 0.00000000 1-A-R 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 50.00 6.50000% 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00 0.37612% 861.75294905 0.27010409 0.00000000 0.00000000 2-A-1 52,525,000.00 6.00000% 821.96687311 4.10983436 0.00000000 0.00000000 2-A-WIO 0.00 0.34019% 826.79748229 0.23438832 0.00000000 0.00000000 A-PO 1,570,675.00 0.00000% 808.04283509 0.00000000 0.00000000 0.00000000 B-1 2,582,000.00 6.36282% 998.22301317 5.29293184 0.00000000 0.00000000 B-2 1,390,000.00 6.36282% 998.22301439 5.29292806 0.00000000 0.00000000 B-3 894,000.00 6.36282% 998.22300895 5.29293065 0.00000000 0.00000000 B-4 297,000.00 6.36282% 998.22303030 5.29292929 0.00000000 0.00000000 B-5 199,000.00 6.36282% 998.22301508 5.29291457 0.00000000 0.00000000 B-6 496,814.00 6.36282% 998.22303719 5.29292653 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 1-A-1 0.00000000 0.00000000 4.54242450 0.00000000 678.92237472 1-A-R 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-LR 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1-A-WIO 0.00000000 0.00000000 0.27010409 0.00000000 718.72328223 2-A-1 0.00000000 0.00000000 4.10983436 0.00000000 612.72939895 2-A-WIO 0.00000000 0.00000000 0.23438832 0.00000000 627.18790529 A-PO 0.00000000 0.00000000 0.00000000 0.00000000 678.53966607 B-1 0.00000000 0.00000000 5.29293184 0.00000000 996.43668861 B-2 0.00000000 0.00000000 5.29292806 0.00000000 996.43669065 B-3 0.00000000 0.00000000 5.29293065 0.00000000 996.43668904 B-4 0.00000000 0.00000000 5.29292929 0.00000000 996.43670034 B-5 0.00000000 0.00000000 5.29291457 0.00000000 996.43668342 B-6 0.00000000 0.00000000 5.29292653 0.00000000 996.43671475 (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 Component Statement Component Beginning Ending Beginning Ending Ending Pass-Through Notional Notional Component Component Component Class Rate Balance Balance Balance Balance Percentage 1-A-PO 0.00000% 0.00 0.00 880,983.25 744,743.24 66.06550635% 2-A-PO 0.00000% 0.00 0.00 388,189.43 321,022.05 72.40091792%
CERTIFICATEHOLDER ACCOUNT STATEMENT CERTIFICATE ACCOUNT Beginning Balance 0.00 Deposits Payments of Interest and Principal 34,285,961.19 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 34,285,961.19 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 36,427.70 Payment of Interest and Principal 34,249,533.49 Total Withdrawals (Pool Distribution Amount) 34,285,961.19 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 34,693.04 Master Servicer Fee 1,734.66 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 36,427.70
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 7 0 0 0 7 2,531,594.90 0.00 0.00 0.00 2,531,594.90 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 7 0 0 0 7 2,531,594.90 0.00 0.00 0.00 2,531,594.90 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.272727% 0.000000% 0.000000% 0.000000% 2.272727% 1.897788% 0.000000% 0.000000% 0.000000% 1.897788% 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 2.272727% 0.000000% 0.000000% 0.000000% 2.272727% 1.897788% 0.000000% 0.000000% 0.000000% 1.897788%
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 5 0 0 0 5 1,771,695.66 0.00 0.00 0.00 1,771,695.66 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 5 0 0 0 5 1,771,695.66 0.00 0.00 0.00 1,771,695.66 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.192982% 0.000000% 0.000000% 0.000000% 2.192982% 1.786474% 0.000000% 0.000000% 0.000000% 1.786474% 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 2.192982% 0.000000% 0.000000% 0.000000% 2.192982% 1.786474% 0.000000% 0.000000% 0.000000% 1.786474% 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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 2 0 0 0 2 759,899.24 0.00 0.00 0.00 759,899.24 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 2 0 0 0 2 759,899.24 0.00 0.00 0.00 759,899.24 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 2.500000% 0.000000% 0.000000% 0.000000% 2.500000% 2.220342% 0.000000% 0.000000% 0.000000% 2.220342% 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 2.500000% 0.000000% 0.000000% 0.000000% 2.500000% 2.220342% 0.000000% 0.000000% 0.000000% 2.220342%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 0.00
COLLATERAL STATEMENT Collateral Description Mixed Fixed Weighted Average Gross Coupon 6.841510% Weighted Average Pass-Through Rate 6.579010% Weighted Average Maturity(Stepdown Calculation ) 292 Beginning Scheduled Collateral Loan Count 380 Number Of Loans Paid In Full 72 Ending Scheduled Collateral Loan Count 308 Beginning Scheduled Collateral Balance 166,526,579.69 Ending Scheduled Collateral Balance 133,190,029.52 Ending Actual Collateral Balance at 31-Aug-2003 133,397,170.45 Monthly P &I Constant 1,246,182.58 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 33,801,242.66 Class AP Deferred Amount 0.00 Ending Scheduled Balance for Premium Loans 133,190,029.52 Scheduled Principal 296,771.48 Unscheduled Principal 33,039,778.69
Miscellaneous Reporting Total Senior Percentage 96.461034% Aggregate Subordinate Percentage 3.538966%
Group Level Collateral Statement Group Group 1 Group 2 Total Collateral Description Mixed Fixed Mixed Fixed Mixed Fixed Weighted Average Coupon Rate 6.984328 6.457766 6.841510 Weighted Average Net Rate 6.734328 6.207766 6.591510 Weighted Average Maturity 342 161 292 Beginning Loan Count 276 104 380 Loans Paid In Full 48 24 72 Ending Loan Count 228 80 308 Beginning Scheduled Balance 121,360,064.44 45,166,515.25 166,526,579.69 Ending scheduled Balance 99,087,284.09 34,102,745.43 133,190,029.52 Record Date 08/31/2003 08/31/2003 08/31/2003 Principal And Interest Constant 822,589.74 423,592.84 1,246,182.58 Scheduled Principal 116,240.96 180,530.52 296,771.48 Unscheduled Principal 22,156,539.39 10,883,239.30 33,039,778.69 Scheduled Interest 706,348.78 243,062.32 949,411.10 Servicing Fees 25,283.35 9,409.69 34,693.04 Master Servicing Fees 1,264.18 470.48 1,734.66 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 679,801.25 233,182.15 912,983.40 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 6.721828 6.195266 6.579010
Miscellaneous Reporting Group Group 1 Subordinate Percentage 3.522510% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.477490% Group Group 2 Subordinate Percentage 3.583242% Subordinate Prepayment Percentage 0.000000% Senior Prepayment Percentage 100.000000% Senior Percentage 96.416758%
-----END PRIVACY-ENHANCED MESSAGE-----