-----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, K+Lyw9KTYMc8s46GXBu10g4E1yL+Ld2UrDWY8CXRp22Ic0c6NNCzqLPGWlq79rPk TmBmClq/qDWlczdnFnjPbQ== 0001056404-03-001633.txt : 20030908 0001056404-03-001633.hdr.sgml : 20030908 20030908165221 ACCESSION NUMBER: 0001056404-03-001633 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030825 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030908 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS ARM TRUST MORT PASS THR CERTS SER 2003-6 CENTRAL INDEX KEY: 0001257807 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: 333-106323-01 FILM NUMBER: 03886435 BUSINESS ADDRESS: STREET 1: 383 MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10179 8-K 1 bst03006.txt AUGUST 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): August 25, 2003 BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-6 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-106323-01 54-2121811 Pooling and Servicing Agreement) (Commission 54-2121812 (State or other File Number) 54-2121813 jurisdiction 54-2121814 of Incorporation) IRS EIN 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 August 25, 2003 a distribution was made to holders of BEAR STEARNS ARM TRUST, Mortgage Pass-Through Certificates, Series 2003-6 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 2003-6 Trust, relating to the August 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. BEAR STEARNS ARM TRUST Mortgage Pass-Through Certificates, Series 2003-6 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: 9/8/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Mortgage Pass-Through Certificates, Series 2003-6 Trust, relating to the August 25, 2003 distribution. EX-99.1
Bear Stearns ARM Trust Mortgage Pass-Through Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 BST Series: 2003-6 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 I-A-1 07384MWW8 SEN 4.55835% 164,361,700.00 624,348.54 2,957,985.10 I-A-2 07384MWX6 SEN 4.12637% 298,960,900.00 1,028,020.36 7,258,214.31 I-X-2 07384MWY4 SEN 0.46700% 0.00 116,345.62 0.00 I-A-3 07384MWZ1 SEN 4.70739% 70,399,400.00 276,164.57 1,522,080.05 I-X-3 07384MXA5 SEN 0.20400% 0.00 11,967.90 0.00 II-A-1 07384MXB3 SEN 4.88647% 278,568,650.00 1,134,347.90 8,581,553.20 R-I 07384MXC1 SEN 0.00000% 50.00 0.00 50.00 R-II 07384MXD9 SEN 4.88647% 50.00 0.20 50.00 R-III 07384MXE7 SEN 4.88647% 50.00 0.20 50.00 R-IV 07384MYN6 SEN 4.88647% 50.00 0.20 50.00 I-B-1 07384MXF4 SUB 4.62454% 5,777,500.00 22,265.22 5,503.36 I-B-2 07384MXG2 SUB 4.62454% 4,126,600.00 15,903.01 3,930.79 I-B-3 07384MXH0 SUB 4.62454% 3,301,500.00 12,723.26 3,144.85 I-B-4 07384MYA4 SUB 4.62454% 1,100,400.00 4,240.70 1,048.19 I-B-5 07384MYB2 SUB 4.62454% 1,100,400.00 4,240.70 1,048.19 I-B-6 07384MYC0 SUB 4.62454% 1,100,648.00 4,241.66 1,048.41 II-B-1 07384MXJ6 SUB 4.88647% 4,008,200.00 16,321.63 2,650.32 II-B-2 07384MXK3 SUB 4.88647% 1,431,500.00 5,829.15 946.54 II-B-3 07384MXL1 SUB 4.88647% 1,002,000.00 4,080.20 662.55 II-B-4 07384MYD8 SUB 4.88647% 429,500.00 1,748.95 284.00 II-B-5 07384MYE6 SUB 4.88647% 429,400.00 1,748.54 283.93 II-B-6 07384MYF3 SUB 4.88647% 429,535.00 1,749.09 284.02 Totals 836,528,033.00 3,286,287.60 20,340,867.81
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses I-A-1 0.00 161,403,714.90 3,582,333.64 0.00 I-A-2 0.00 291,702,685.69 8,286,234.67 0.00 I-X-2 0.00 0.00 116,345.62 0.00 I-A-3 0.00 68,877,319.95 1,798,244.62 0.00 I-X-3 0.00 0.00 11,967.90 0.00 II-A-1 0.00 269,987,096.80 9,715,901.10 0.00 R-I 0.00 0.00 50.00 0.00 R-II 0.00 0.00 50.20 0.00 R-III 0.00 0.00 50.20 0.00 R-IV 0.00 0.00 50.20 0.00 I-B-1 0.00 5,771,996.64 27,768.58 0.00 I-B-2 0.00 4,122,669.21 19,833.80 0.00 I-B-3 0.00 3,298,355.15 15,868.11 0.00 I-B-4 0.00 1,099,351.81 5,288.89 0.00 I-B-5 0.00 1,099,351.81 5,288.89 0.00 I-B-6 0.00 1,099,599.59 5,290.07 0.00 II-B-1 0.00 4,005,549.68 18,971.95 0.00 II-B-2 0.00 1,430,553.46 6,775.69 0.00 II-B-3 0.00 1,001,337.45 4,742.75 0.00 II-B-4 0.00 429,216.00 2,032.95 0.00 II-B-5 0.00 429,116.07 2,032.47 0.00 II-B-6 0.00 429,250.48 2,033.11 0.00 Totals 0.00 816,187,164.69 23,627,155.41 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-A-1 164,361,700.00 164,361,700.00 201,504.26 2,756,480.85 0.00 0.00 I-A-2 298,960,900.00 298,960,900.00 254,979.69 7,003,234.62 0.00 0.00 I-X-2 0.00 0.00 0.00 0.00 0.00 0.00 I-A-3 70,399,400.00 70,399,400.00 51,913.23 1,470,166.82 0.00 0.00 I-X-3 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 278,568,650.00 278,568,650.00 184,193.82 8,397,359.38 0.00 0.00 R-I 50.00 50.00 3.41 46.59 0.00 0.00 R-II 50.00 50.00 1.07 48.93 0.00 0.00 R-III 50.00 50.00 1.07 48.93 0.00 0.00 R-IV 50.00 50.00 1.07 48.93 0.00 0.00 I-B-1 5,777,500.00 5,777,500.00 5,503.36 0.00 0.00 0.00 I-B-2 4,126,600.00 4,126,600.00 3,930.79 0.00 0.00 0.00 I-B-3 3,301,500.00 3,301,500.00 3,144.85 0.00 0.00 0.00 I-B-4 1,100,400.00 1,100,400.00 1,048.19 0.00 0.00 0.00 I-B-5 1,100,400.00 1,100,400.00 1,048.19 0.00 0.00 0.00 I-B-6 1,100,648.00 1,100,648.00 1,048.41 0.00 0.00 0.00 II-B-1 4,008,200.00 4,008,200.00 2,650.32 0.00 0.00 0.00 II-B-2 1,431,500.00 1,431,500.00 946.54 0.00 0.00 0.00 II-B-3 1,002,000.00 1,002,000.00 662.55 0.00 0.00 0.00 II-B-4 429,500.00 429,500.00 284.00 0.00 0.00 0.00 II-B-5 429,400.00 429,400.00 283.93 0.00 0.00 0.00 II-B-6 429,535.00 429,535.00 284.02 0.00 0.00 0.00 Totals 836,528,033.00 836,528,033.00 713,432.77 19,627,435.05 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-A-1 2,957,985.10 161,403,714.90 0.98200320 2,957,985.10 I-A-2 7,258,214.31 291,702,685.69 0.97572186 7,258,214.31 I-X-2 0.00 0.00 0.00000000 0.00 I-A-3 1,522,080.05 68,877,319.95 0.97837936 1,522,080.05 I-X-3 0.00 0.00 0.00000000 0.00 II-A-1 8,581,553.20 269,987,096.80 0.96919412 8,581,553.20 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 I-B-1 5,503.36 5,771,996.64 0.99904745 5,503.36 I-B-2 3,930.79 4,122,669.21 0.99904745 3,930.79 I-B-3 3,144.85 3,298,355.15 0.99904745 3,144.85 I-B-4 1,048.19 1,099,351.81 0.99904745 1,048.19 I-B-5 1,048.19 1,099,351.81 0.99904745 1,048.19 I-B-6 1,048.41 1,099,599.59 0.99904746 1,048.41 II-B-1 2,650.32 4,005,549.68 0.99933878 2,650.32 II-B-2 946.54 1,430,553.46 0.99933878 946.54 II-B-3 662.55 1,001,337.45 0.99933877 662.55 II-B-4 284.00 429,216.00 0.99933877 284.00 II-B-5 283.93 429,116.07 0.99933878 283.93 II-B-6 284.02 429,250.48 0.99933761 284.02 Totals 20,340,867.81 816,187,164.69 0.97568418 20,340,867.81
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 164,361,700.00 1000.00000000 1.22598063 16.77082222 0.00000000 I-A-2 298,960,900.00 1000.00000000 0.85288641 23.42525267 0.00000000 I-X-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 70,399,400.00 1000.00000000 0.73741012 20.88322940 0.00000000 I-X-3 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 278,568,650.00 1000.00000000 0.66121518 30.14466768 0.00000000 R-I 50.00 1000.00000000 68.20000000 931.80000000 0.00000000 R-II 50.00 1000.00000000 21.40000000 978.60000000 0.00000000 R-III 50.00 1000.00000000 21.40000000 978.60000000 0.00000000 R-IV 50.00 1000.00000000 21.40000000 978.60000000 0.00000000 I-B-1 5,777,500.00 1000.00000000 0.95255041 0.00000000 0.00000000 I-B-2 4,126,600.00 1000.00000000 0.95254931 0.00000000 0.00000000 I-B-3 3,301,500.00 1000.00000000 0.95255187 0.00000000 0.00000000 I-B-4 1,100,400.00 1000.00000000 0.95255362 0.00000000 0.00000000 I-B-5 1,100,400.00 1000.00000000 0.95255362 0.00000000 0.00000000 I-B-6 1,100,648.00 1000.00000000 0.95253887 0.00000000 0.00000000 II-B-1 4,008,200.00 1000.00000000 0.66122449 0.00000000 0.00000000 II-B-2 1,431,500.00 1000.00000000 0.66122249 0.00000000 0.00000000 II-B-3 1,002,000.00 1000.00000000 0.66122754 0.00000000 0.00000000 II-B-4 429,500.00 1000.00000000 0.66123399 0.00000000 0.00000000 II-B-5 429,400.00 1000.00000000 0.66122497 0.00000000 0.00000000 II-B-6 429,535.00 1000.00000000 0.66122668 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 I-A-1 0.00000000 17.99680278 982.00319722 0.98200320 17.99680278 I-A-2 0.00000000 24.27813908 975.72186092 0.97572186 24.27813908 I-X-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-A-3 0.00000000 21.62063952 978.37936048 0.97837936 21.62063952 I-X-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 30.80588286 969.19411714 0.96919412 30.80588286 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 I-B-1 0.00000000 0.95255041 999.04744959 0.99904745 0.95255041 I-B-2 0.00000000 0.95254931 999.04745069 0.99904745 0.95254931 I-B-3 0.00000000 0.95255187 999.04744813 0.99904745 0.95255187 I-B-4 0.00000000 0.95255362 999.04744638 0.99904745 0.95255362 I-B-5 0.00000000 0.95255362 999.04744638 0.99904745 0.95255362 I-B-6 0.00000000 0.95253887 999.04746113 0.99904746 0.95253887 II-B-1 0.00000000 0.66122449 999.33877551 0.99933878 0.66122449 II-B-2 0.00000000 0.66122249 999.33877751 0.99933878 0.66122249 II-B-3 0.00000000 0.66122754 999.33877246 0.99933877 0.66122754 II-B-4 0.00000000 0.66123399 999.33876601 0.99933877 0.66123399 II-B-5 0.00000000 0.66122497 999.33877503 0.99933878 0.66122497 II-B-6 0.00000000 0.66122668 999.33760928 0.99933761 0.66122668 (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-A-1 164,361,700.00 4.55835% 164,361,700.00 624,348.54 0.00 0.00 I-A-2 298,960,900.00 4.12637% 298,960,900.00 1,028,020.36 0.00 0.00 I-X-2 0.00 0.46700% 298,960,900.00 116,345.62 0.00 0.00 I-A-3 70,399,400.00 4.70739% 70,399,400.00 276,164.57 0.00 0.00 I-X-3 0.00 0.20400% 70,399,400.00 11,967.90 0.00 0.00 II-A-1 278,568,650.00 4.88647% 278,568,650.00 1,134,347.90 0.00 0.00 R-I 50.00 0.00000% 50.00 0.00 0.00 0.00 R-II 50.00 4.88647% 50.00 0.20 0.00 0.00 R-III 50.00 4.88647% 50.00 0.20 0.00 0.00 R-IV 50.00 4.88647% 50.00 0.20 0.00 0.00 I-B-1 5,777,500.00 4.62454% 5,777,500.00 22,265.22 0.00 0.00 I-B-2 4,126,600.00 4.62454% 4,126,600.00 15,903.01 0.00 0.00 I-B-3 3,301,500.00 4.62454% 3,301,500.00 12,723.26 0.00 0.00 I-B-4 1,100,400.00 4.62454% 1,100,400.00 4,240.70 0.00 0.00 I-B-5 1,100,400.00 4.62454% 1,100,400.00 4,240.70 0.00 0.00 I-B-6 1,100,648.00 4.62454% 1,100,648.00 4,241.66 0.00 0.00 II-B-1 4,008,200.00 4.88647% 4,008,200.00 16,321.63 0.00 0.00 II-B-2 1,431,500.00 4.88647% 1,431,500.00 5,829.15 0.00 0.00 II-B-3 1,002,000.00 4.88647% 1,002,000.00 4,080.20 0.00 0.00 II-B-4 429,500.00 4.88647% 429,500.00 1,748.95 0.00 0.00 II-B-5 429,400.00 4.88647% 429,400.00 1,748.54 0.00 0.00 II-B-6 429,535.00 4.88647% 429,535.00 1,749.09 0.00 0.00 Totals 836,528,033.00 3,286,287.60 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-A-1 0.00 0.00 624,348.54 0.00 161,403,714.90 I-A-2 0.00 0.00 1,028,020.36 0.00 291,702,685.69 I-X-2 0.00 0.00 116,345.62 0.00 291,702,685.69 I-A-3 0.00 0.00 276,164.57 0.00 68,877,319.95 I-X-3 0.00 0.00 11,967.90 0.00 68,877,319.95 II-A-1 0.00 0.00 1,134,347.90 0.00 269,987,096.80 R-I 0.00 0.00 0.00 0.00 0.00 R-II 0.00 0.00 0.20 0.00 0.00 R-III 0.00 0.00 0.20 0.00 0.00 R-IV 0.00 0.00 0.20 0.00 0.00 I-B-1 0.00 0.00 22,265.22 0.00 5,771,996.64 I-B-2 0.00 0.00 15,903.01 0.00 4,122,669.21 I-B-3 0.00 0.00 12,723.26 0.00 3,298,355.15 I-B-4 0.00 0.00 4,240.70 0.00 1,099,351.81 I-B-5 0.00 0.00 4,240.70 0.00 1,099,351.81 I-B-6 0.00 0.00 4,241.66 0.00 1,099,599.59 II-B-1 0.00 0.00 16,321.63 0.00 4,005,549.68 II-B-2 0.00 0.00 5,829.15 0.00 1,430,553.46 II-B-3 0.00 0.00 4,080.20 0.00 1,001,337.45 II-B-4 0.00 0.00 1,748.95 0.00 429,216.00 II-B-5 0.00 0.00 1,748.54 0.00 429,116.07 II-B-6 0.00 0.00 1,749.09 0.00 429,250.48 Totals 0.00 0.00 3,286,287.60 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-A-1 164,361,700.00 4.55835% 1000.00000000 3.79862547 0.00000000 0.00000000 I-A-2 298,960,900.00 4.12637% 1000.00000000 3.43864485 0.00000000 0.00000000 I-X-2 0.00 0.46700% 1000.00000000 0.38916668 0.00000000 0.00000000 I-A-3 70,399,400.00 4.70739% 1000.00000000 3.92282562 0.00000000 0.00000000 I-X-3 0.00 0.20400% 1000.00000000 0.17000003 0.00000000 0.00000000 II-A-1 278,568,650.00 4.88647% 1000.00000000 4.07205872 0.00000000 0.00000000 R-I 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 R-II 50.00 4.88647% 1000.00000000 4.00000000 0.00000000 0.00000000 R-III 50.00 4.88647% 1000.00000000 4.00000000 0.00000000 0.00000000 R-IV 50.00 4.88647% 1000.00000000 4.00000000 0.00000000 0.00000000 I-B-1 5,777,500.00 4.62454% 1000.00000000 3.85378105 0.00000000 0.00000000 I-B-2 4,126,600.00 4.62454% 1000.00000000 3.85378035 0.00000000 0.00000000 I-B-3 3,301,500.00 4.62454% 1000.00000000 3.85378161 0.00000000 0.00000000 I-B-4 1,100,400.00 4.62454% 1000.00000000 3.85378044 0.00000000 0.00000000 I-B-5 1,100,400.00 4.62454% 1000.00000000 3.85378044 0.00000000 0.00000000 I-B-6 1,100,648.00 4.62454% 1000.00000000 3.85378432 0.00000000 0.00000000 II-B-1 4,008,200.00 4.88647% 1000.00000000 4.07205978 0.00000000 0.00000000 II-B-2 1,431,500.00 4.88647% 1000.00000000 4.07205728 0.00000000 0.00000000 II-B-3 1,002,000.00 4.88647% 1000.00000000 4.07205589 0.00000000 0.00000000 II-B-4 429,500.00 4.88647% 1000.00000000 4.07206054 0.00000000 0.00000000 II-B-5 429,400.00 4.88647% 1000.00000000 4.07205403 0.00000000 0.00000000 II-B-6 429,535.00 4.88647% 1000.00000000 4.07205466 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 I-A-1 0.00000000 0.00000000 3.79862547 0.00000000 982.00319722 I-A-2 0.00000000 0.00000000 3.43864485 0.00000000 975.72186092 I-X-2 0.00000000 0.00000000 0.38916668 0.00000000 975.72186092 I-A-3 0.00000000 0.00000000 3.92282562 0.00000000 978.37936048 I-X-3 0.00000000 0.00000000 0.17000003 0.00000000 978.37936048 II-A-1 0.00000000 0.00000000 4.07205872 0.00000000 969.19411714 R-I 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II 0.00000000 0.00000000 4.00000000 0.00000000 0.00000000 R-III 0.00000000 0.00000000 4.00000000 0.00000000 0.00000000 R-IV 0.00000000 0.00000000 4.00000000 0.00000000 0.00000000 I-B-1 0.00000000 0.00000000 3.85378105 0.00000000 999.04744959 I-B-2 0.00000000 0.00000000 3.85378035 0.00000000 999.04745069 I-B-3 0.00000000 0.00000000 3.85378161 0.00000000 999.04744813 I-B-4 0.00000000 0.00000000 3.85378044 0.00000000 999.04744638 I-B-5 0.00000000 0.00000000 3.85378044 0.00000000 999.04744638 I-B-6 0.00000000 0.00000000 3.85378432 0.00000000 999.04746113 II-B-1 0.00000000 0.00000000 4.07205978 0.00000000 999.33877551 II-B-2 0.00000000 0.00000000 4.07205728 0.00000000 999.33877751 II-B-3 0.00000000 0.00000000 4.07205589 0.00000000 999.33877246 II-B-4 0.00000000 0.00000000 4.07206054 0.00000000 999.33876601 II-B-5 0.00000000 0.00000000 4.07205403 0.00000000 999.33877503 II-B-6 0.00000000 0.00000000 4.07205466 0.00000000 999.33760928 (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 23,815,220.73 Liquidations, Insurance Proceeds, Reserve Funds 0.00 Proceeds from Repurchased Loans 0.00 Other Amounts (Servicer Advances) 35,564.10 Realized Loss (Gains, Subsequent Expenses & Recoveries) 0.00 Prepayment Penalties 0.00 Total Deposits 23,850,784.83 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 223,679.42 Payment of Interest and Principal 23,627,105.41 Total Withdrawals (Pool Distribution Amount) 23,850,784.83 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 222,106.21 Miscellaneous Fee 1,573.21 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 223,679.42
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 13 0 0 0 13 5,721,642.03 0.00 0.00 0.00 5,721,642.03 60 Days 3 0 0 0 3 2,035,402.26 0.00 0.00 0.00 2,035,402.26 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 16 0 0 0 16 7,757,044.29 0.00 0.00 0.00 7,757,044.29 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 0.770142% 0.000000% 0.000000% 0.000000% 0.770142% 0.700611% 0.000000% 0.000000% 0.000000% 0.700611% 60 Days 0.177725% 0.000000% 0.000000% 0.000000% 0.177725% 0.249234% 0.000000% 0.000000% 0.000000% 0.249234% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.947867% 0.000000% 0.000000% 0.000000% 0.947867% 0.949845% 0.000000% 0.000000% 0.000000% 0.949845%
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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 2 0 0 0 2 1,672,902.26 0.00 0.00 0.00 1,672,902.26 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 1,672,902.26 0.00 0.00 0.00 1,672,902.26 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.623053% 0.000000% 0.000000% 0.000000% 0.623053% 1.003929% 0.000000% 0.000000% 0.000000% 1.003929% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.623053% 0.000000% 0.000000% 0.000000% 0.623053% 1.003929% 0.000000% 0.000000% 0.000000% 1.003929% 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 6 0 0 0 6 2,809,976.00 0.00 0.00 0.00 2,809,976.00 60 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 6 0 0 0 6 2,809,976.00 0.00 0.00 0.00 2,809,976.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.960000% 0.000000% 0.000000% 0.000000% 0.960000% 0.933269% 0.000000% 0.000000% 0.000000% 0.933269% 60 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.960000% 0.000000% 0.000000% 0.000000% 0.960000% 0.933269% 0.000000% 0.000000% 0.000000% 0.933269% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group I-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 0 0 0 0 0.00 0.00 0.00 0.00 30 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 60 Days 1 0 0 0 1 362,500.00 0.00 0.00 0.00 362,500.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 1 0 0 0 1 362,500.00 0.00 0.00 0.00 362,500.00 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 60 Days 0.649351% 0.000000% 0.000000% 0.000000% 0.649351% 0.509897% 0.000000% 0.000000% 0.000000% 0.509897% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 0.649351% 0.000000% 0.000000% 0.000000% 0.649351% 0.509897% 0.000000% 0.000000% 0.000000% 0.509897% 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 7 0 0 0 7 2,911,666.03 0.00 0.00 0.00 2,911,666.03 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 2,911,666.03 0.00 0.00 0.00 2,911,666.03 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.190476% 0.000000% 0.000000% 0.000000% 1.190476% 1.047941% 0.000000% 0.000000% 0.000000% 1.047941% 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 1.190476% 0.000000% 0.000000% 0.000000% 1.190476% 1.047941% 0.000000% 0.000000% 0.000000% 1.047941%
OTHER INFORMATION Current Period Class A Insufficient Funds 0.00 Principal Balance of Contaminated Properties 0.00 Periodic Advance 35,564.10
COLLATERAL STATEMENT Collateral Description Mixed ARM Weighted Average Gross Coupon 5.035050% Weighted Average Net Coupon 4.716439% Weighted Average Pass-Through Rate 4.714182% Weighted Average Maturity(Stepdown Calculation ) 358 Beginning Scheduled Collateral Loan Count 1,723 Number Of Loans Paid In Full 35 Ending Scheduled Collateral Loan Count 1,688 Beginning Scheduled Collateral Balance 836,528,033.00 Ending Scheduled Collateral Balance 816,187,164.22 Ending Actual Collateral Balance at 31-Jul-2003 816,664,162.62 Monthly P &I Constant 4,223,399.82 Special Servicing Fee 0.00 Prepayment Penalties 0.00 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 816,187,164.22 Scheduled Principal 713,432.78 Unscheduled Principal 19,627,385.04
Miscellaneous Reporting Group I-1 Senior Percent 97.000014% Group I-2 Senior Percent 96.999987% Group I-3 Senior Percent 96.999889% Group II Senior Percent 97.299983% Group I-1 Senior Prepayment Percent 100.000000% Group I-2 Senior Prepayment Percent 100.000000% Group I-3 Senior Prepayment Percent 100.000000% Group II Senior Prepayment Percent 100.000000% Group I-1 Subordinate Percent 2.999986% Group I-2 Subordinate Percent 3.000013% Group I-3 Subordinate Percent 3.000111% Group II Subordinate Percent 2.700017% Group I-1 Subordinate Prepayment Percent 0.000000% Group I-2 Subordinate Prepayment Percent 0.000000% Group I-3 Subordinate Prepayment Percent 0.000000% Group II Subordinate Prepayment Percent 0.000000% Average loss serverity Group I-1 0.000000% Average loss serverity Group I-2 0.000000% Average loss serverity Group I-3 0.000000% Average loss serverity Group II 0.000000%
Group Level Collateral Statement Group Group I-1 Group I-2 Group I-3 Collateral Description Mixed ARM Mixed ARM Mixed ARM Weighted Average Coupon Rate 4.933351 4.823472 5.286391 Weighted Average Net Rate 4.558351 4.599499 4.911391 Weighted Average Maturity 357 358 357 Beginning Loan Count 326 638 157 Loans Paid In Full 5 13 3 Ending Loan Count 321 625 154 Beginning Scheduled Balance 169,445,088.00 308,207,172.00 72,576,788.00 Ending scheduled Balance 166,480,870.25 300,941,071.84 71,053,102.19 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 904,349.84 1,501,722.85 373,243.24 Scheduled Principal 207,739.83 262,865.69 53,518.86 Unscheduled Principal 2,756,477.44 7,003,234.62 1,470,166.82 Scheduled Interest 696,610.01 1,238,857.16 319,724.38 Servicing Fees 52,951.59 57,524.96 22,680.24 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 0.00 0.00 0.00 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 0.00 1,573.21 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 643,658.42 1,179,758.99 297,044.14 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 4.558351 4.593374 4.911391
Group Level Collateral Statement Group Group II Total Collateral Description Mixed ARM Mixed ARM Weighted Average Coupon Rate 5.259295 5.035050 Weighted Average Net Rate 4.886470 4.716439 Weighted Average Maturity 357 358 Beginning Loan Count 602 1,723 Loans Paid In Full 14 35 Ending Loan Count 588 1,688 Beginning Scheduled Balance 286,298,935.00 836,527,983.00 Ending scheduled Balance 277,712,119.94 816,187,164.22 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 1,444,083.89 4,223,399.82 Scheduled Principal 189,308.40 713,432.78 Unscheduled Principal 8,397,506.16 19,627,385.04 Scheduled Interest 1,254,775.49 3,509,967.04 Servicing Fees 88,949.42 222,106.21 Master Servicing Fees 0.00 0.00 Trustee Fee 0.00 0.00 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 0.00 1,573.21 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 1,165,826.07 3,286,287.62 Realized Loss Amount 0.00 0.00 Cumulative Realized Loss 0.00 0.00 Percentage of Cumulative Losses 0.00 0.00 Prepayment Penalties 0.00 0.00 Special Servicing Fee 0.00 0.00 Pass-Through Rate 4.886470 4.714182
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