-----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, AikiX2D/kxpFoYQDryfdwN/GYt9Yi6d5TyDo2J0E2hVgcVD4AhwIzN+km+fwG+IQ xBjPY/soKA47BX0KYNbiIA== 0001056404-03-001566.txt : 20030908 0001056404-03-001566.hdr.sgml : 20030908 20030908101645 ACCESSION NUMBER: 0001056404-03-001566 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: ASSET BACKED FUNDING CORP ABFC ASSET BACK CERT SER 2003 OPT1 CENTRAL INDEX KEY: 0001260762 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: 333-90830-06 FILM NUMBER: 03885207 BUSINESS ADDRESS: STREET 1: 9062 OLD ANNAPOLIS RD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 BUSINESS PHONE: 4108842000 MAIL ADDRESS: STREET 1: 9062 OLD ANNAPOLIS RD CITY: COLUMBIA STATE: MD ZIP: 21045-1951 8-K 1 abf03op1.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 ASSET BACKED FUNDING CORPORATION Asset-Backed Certificates, Series 2003-OP1 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-90830-06 Pooling and Servicing Agreement) (Commission pending (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 August 25, 2003 a distribution was made to holders of ASSET BACKED FUNDING CORPORATION, Asset-Backed Certificates, Series 2003-OP1 Trust. ITEM 7. Financial Statements and Exhibits (c) Exhibits furnished in accordance with Item 601(a) of Regulation S-K Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2003-OP1 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. ASSET BACKED FUNDING CORPORATION Asset-Backed Certificates, Series 2003-OP1 Trust By: Wells Fargo Bank Minnesota, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: 9/4/03 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset-Backed Certificates, Series 2003-OP1 Trust, relating to the August 25, 2003 distribution.
Asset Backed Funding Corporation Asset-Backed Certificates Record Date: 7/31/03 Distribution Date: 8/25/03 ABFC Series: 2003-OP1 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 04542BDD1 SEN 1.42000% 454,678,000.00 89,672.61 2,766,392.13 A-1A 04542BDE9 SEN 1.51000% 23,710,000.00 4,972.51 144,258.48 A-2 04542BDF6 SEN 1.24000% 59,059,000.00 10,171.27 1,130,499.36 A-3 04542BDG4 SEN 1.44000% 121,860,000.00 24,372.00 0.00 M-1 04542BDH2 SUB 1.79000% 42,288,000.00 10,513.27 0.00 M-2 04542BDJ8 SUB 2.65000% 29,217,000.00 10,753.48 0.00 M-3 04542BDK5 SUB 3.00000% 7,689,000.00 3,203.75 0.00 M-4 04542BDL3 SUB 3.90000% 7,689,000.00 4,164.88 0.00 M-5 04542BDM1 SUB 4.75000% 7,689,000.00 5,072.60 0.00 M-6 04542BDN9 SUB 4.60000% 7,688,000.00 4,911.78 0.00 CE BFCAS03OPCE SEN 0.00000% 7,305,067.20 4,035,701.61 0.00 P BFCAS03OPPP SEN 0.00000% 0.00 83,734.92 0.00 R BFCAS03OPTR SEN 0.00000% 0.00 0.00 0.00 Totals 768,872,067.20 4,287,244.68 4,041,149.97
Certificateholder Distribution Summary (continued) Current Ending Cumulative Realized Certificate Total Realized Class Loss Balance Distribution Losses A-1 0.00 451,911,607.87 2,856,064.74 0.00 A-1A 0.00 23,565,741.52 149,230.99 0.00 A-2 0.00 57,928,500.64 1,140,670.63 0.00 A-3 0.00 121,860,000.00 24,372.00 0.00 M-1 0.00 42,288,000.00 10,513.27 0.00 M-2 0.00 29,217,000.00 10,753.48 0.00 M-3 0.00 7,689,000.00 3,203.75 0.00 M-4 0.00 7,689,000.00 4,164.88 0.00 M-5 0.00 7,689,000.00 5,072.60 0.00 M-6 0.00 7,688,000.00 4,911.78 0.00 CE 0.00 7,304,284.64 4,035,701.61 0.00 P 0.00 0.00 83,734.92 0.00 R 0.00 0.00 0.00 0.00 Totals 0.00 764,830,134.67 8,328,394.65 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-1 454,678,000.00 454,678,000.00 0.00 2,766,392.13 0.00 0.00 A-1A 23,710,000.00 23,710,000.00 0.00 144,258.48 0.00 0.00 A-2 59,059,000.00 59,059,000.00 0.00 1,130,499.36 0.00 0.00 A-3 121,860,000.00 121,860,000.00 0.00 0.00 0.00 0.00 M-1 42,288,000.00 42,288,000.00 0.00 0.00 0.00 0.00 M-2 29,217,000.00 29,217,000.00 0.00 0.00 0.00 0.00 M-3 7,689,000.00 7,689,000.00 0.00 0.00 0.00 0.00 M-4 7,689,000.00 7,689,000.00 0.00 0.00 0.00 0.00 M-5 7,689,000.00 7,689,000.00 0.00 0.00 0.00 0.00 M-6 7,688,000.00 7,688,000.00 0.00 0.00 0.00 0.00 CE 7,305,067.20 7,305,067.20 0.00 0.00 0.00 0.00 P 0.00 0.00 0.00 0.00 0.00 0.00 R 0.00 0.00 0.00 0.00 0.00 0.00 Totals 768,872,067.20 768,872,067.20 0.00 4,041,149.97 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 2,766,392.13 451,911,607.87 0.99391571 2,766,392.13 A-1A 144,258.48 23,565,741.52 0.99391571 144,258.48 A-2 1,130,499.36 57,928,500.64 0.98085814 1,130,499.36 A-3 0.00 121,860,000.00 1.00000000 0.00 M-1 0.00 42,288,000.00 1.00000000 0.00 M-2 0.00 29,217,000.00 1.00000000 0.00 M-3 0.00 7,689,000.00 1.00000000 0.00 M-4 0.00 7,689,000.00 1.00000000 0.00 M-5 0.00 7,689,000.00 1.00000000 0.00 M-6 0.00 7,688,000.00 1.00000000 0.00 CE 0.00 7,304,284.64 0.99989287 0.00 P 0.00 0.00 0.00000000 0.00 R 0.00 0.00 0.00000000 0.00 Totals 4,041,149.97 764,830,134.67 0.99474304 4,041,149.97
Principal Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion A-1 454,678,000.00 1000.00000000 0.00000000 6.08428851 0.00000000 A-1A 23,710,000.00 1000.00000000 0.00000000 6.08428849 0.00000000 A-2 59,059,000.00 1000.00000000 0.00000000 19.14186424 0.00000000 A-3 121,860,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-1 42,288,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-2 29,217,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-3 7,689,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-4 7,689,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-5 7,689,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 M-6 7,688,000.00 1000.00000000 0.00000000 0.00000000 0.00000000 CE 7,305,067.20 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000000 0.00000000 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 A-1 0.00000000 6.08428851 993.91571149 0.99391571 6.08428851 A-1A 0.00000000 6.08428849 993.91571151 0.99391571 6.08428849 A-2 0.00000000 19.14186424 980.85813576 0.98085814 19.14186424 A-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-1 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-2 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-3 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-4 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-5 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 M-6 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 CE 0.00000000 0.00000000 999.89287436 0.99989287 0.00000000 P 0.00000000 0.00000000 0.00000000 0.00000000 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-1 454,678,000.00 1.42000% 454,678,000.00 89,672.61 0.00 0.00 A-1A 23,710,000.00 1.51000% 23,710,000.00 4,972.51 0.00 0.00 A-2 59,059,000.00 1.24000% 59,059,000.00 10,171.27 0.00 0.00 A-3 121,860,000.00 1.44000% 121,860,000.00 24,372.00 0.00 0.00 M-1 42,288,000.00 1.79000% 42,288,000.00 10,513.27 0.00 0.00 M-2 29,217,000.00 2.65000% 29,217,000.00 10,753.48 0.00 0.00 M-3 7,689,000.00 3.00000% 7,689,000.00 3,203.75 0.00 0.00 M-4 7,689,000.00 3.90000% 7,689,000.00 4,164.88 0.00 0.00 M-5 7,689,000.00 4.75000% 7,689,000.00 5,072.60 0.00 0.00 M-6 7,688,000.00 4.60000% 7,688,000.00 4,911.78 0.00 0.00 CE 7,305,067.20 0.00000% 7,305,067.20 0.00 0.00 0.00 P 0.00 0.00000% 0.01 0.00 0.00 0.00 R 0.00 0.00000% 0.00 0.00 0.00 0.00 Totals 768,872,067.20 167,808.15 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 89,672.61 0.00 451,911,607.87 A-1A 0.00 0.00 4,972.51 0.00 23,565,741.52 A-2 0.00 0.00 10,171.27 0.00 57,928,500.64 A-3 0.00 0.00 24,372.00 0.00 121,860,000.00 M-1 0.00 0.00 10,513.27 0.00 42,288,000.00 M-2 0.00 0.00 10,753.48 0.00 29,217,000.00 M-3 0.00 0.00 3,203.75 0.00 7,689,000.00 M-4 0.00 0.00 4,164.88 0.00 7,689,000.00 M-5 0.00 0.00 5,072.60 0.00 7,689,000.00 M-6 0.00 0.00 4,911.78 0.00 7,688,000.00 CE 0.00 0.00 4,035,701.61 0.00 7,304,284.64 P 0.00 0.00 83,734.92 0.00 0.01 R 0.00 0.00 0.00 0.00 0.00 Totals 0.00 0.00 4,287,244.68 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-1 454,678,000.00 1.42000% 1000.00000000 0.19722223 0.00000000 0.00000000 A-1A 23,710,000.00 1.51000% 1000.00000000 0.20972206 0.00000000 0.00000000 A-2 59,059,000.00 1.24000% 1000.00000000 0.17222218 0.00000000 0.00000000 A-3 121,860,000.00 1.44000% 1000.00000000 0.20000000 0.00000000 0.00000000 M-1 42,288,000.00 1.79000% 1000.00000000 0.24861119 0.00000000 0.00000000 M-2 29,217,000.00 2.65000% 1000.00000000 0.36805558 0.00000000 0.00000000 M-3 7,689,000.00 3.00000% 1000.00000000 0.41666667 0.00000000 0.00000000 M-4 7,689,000.00 3.90000% 1000.00000000 0.54166732 0.00000000 0.00000000 M-5 7,689,000.00 4.75000% 1000.00000000 0.65972168 0.00000000 0.00000000 M-6 7,688,000.00 4.60000% 1000.00000000 0.63888918 0.00000000 0.00000000 CE 7,305,067.20 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 P 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 R 0.00 0.00000% 0.00000000 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 A-1 0.00000000 0.00000000 0.19722223 0.00000000 993.91571149 A-1A 0.00000000 0.00000000 0.20972206 0.00000000 993.91571151 A-2 0.00000000 0.00000000 0.17222218 0.00000000 980.85813576 A-3 0.00000000 0.00000000 0.20000000 0.00000000 1000.00000000 M-1 0.00000000 0.00000000 0.24861119 0.00000000 1000.00000000 M-2 0.00000000 0.00000000 0.36805558 0.00000000 1000.00000000 M-3 0.00000000 0.00000000 0.41666667 0.00000000 1000.00000000 M-4 0.00000000 0.00000000 0.54166732 0.00000000 1000.00000000 M-5 0.00000000 0.00000000 0.65972168 0.00000000 1000.00000000 M-6 0.00000000 0.00000000 0.63888918 0.00000000 1000.00000000 CE 0.00000000 0.00000000 552.45235937 0.00000000 999.89287436 P 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 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 9,029,342.38 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 83,734.92 Total Deposits 9,113,077.30 Withdrawals Reimbursement for Servicer Advances 0.00 Payment of Service Fee 784,682.65 Payment of Interest and Principal 8,328,394.65 Total Withdrawals (Pool Distribution Amount) 9,113,077.30 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 320,363.34 Credit Risk Manager Fee 11,212.74 Mortgage Insurance Premium 447,980.75 Trustee Fee 5,125.82 Supported Prepayment/Curtailment Interest Shortfall 0.00 Net Servicing Fee 784,682.65
OTHER ACCOUNTS Beginning Current Current Ending Account Type Balance Withdrawals Deposits Balance 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 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 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
Delinquency Status By Groups
DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 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 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 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 1 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 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 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 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 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 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% DELINQUENT BANKRUPTCY FORECLOSURE REO Total Group 2 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 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 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 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 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 0.000000% 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 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000%
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 & Arm Weighted Average Gross Coupon 7.783989% Weighted Average Net Coupon 7.283989% Weighted Average Pass-Through Rate 6.559313% Weighted Average Maturity(Stepdown Calculation ) 351 Beginning Scheduled Collateral Loan Count 5,035 Number Of Loans Paid In Full 23 Ending Scheduled Collateral Loan Count 5,012 Beginning Scheduled Collateral Balance 768,872,067.20 Ending Scheduled Collateral Balance 764,830,134.67 Ending Actual Collateral Balance at 31-Jul-2003 765,241,737.82 Monthly P &I Constant 5,594,452.19 Special Servicing Fee 0.00 Prepayment Penalties 83,734.92 Realized Loss Amount 0.00 Cumulative Realized Loss 0.00 Ending Scheduled Balance for Premium Loans 764,830,134.67 Scheduled Principal 607,042.36 Unscheduled Principal 3,434,890.17 Required Overcollateralization Amount 0.00 Overcollateralized Increase Amount 0.00 Overcollateralized reduction Amount 782.56 Specified O/C Amount 7,304,284.64 Overcollateralized Amount 7,304,284.64 Overcollateralized Deficiency Amount 0.00 Base Overcollateralized Amount 0.00 Extra principal distribution Amount 0.00 Excess Cash Amount 4,034,919.05
Miscellaneous Reporting Group 1 Available Funds 5,962,042.38 Group 2 Available Funds 2,282,617.35
Group Level Collateral Statement Group Group 1 Fixed Group 1 ARM Group 2 Fixed Collateral Description Mixed Fixed Mixed ARM Mixed Fixed Weighted Average Coupon Rate 7.502930 7.894467 7.768606 Weighted Average Net Rate 7.002930 7.394467 7.268607 Weighted Average Maturity 351 351 351 Beginning Loan Count 1,111 2,681 369 Loans Paid In Full 4 14 2 Ending Loan Count 1,107 2,667 367 Beginning Scheduled Balance 156,622,996.14 401,264,452.28 59,200,465.89 Ending scheduled Balance 155,993,041.70 398,983,192.47 58,428,530.53 Record Date 07/31/2003 07/31/2003 07/31/2003 Principal And Interest Constant 1,133,008.92 2,927,802.54 437,219.41 Scheduled Principal 153,732.78 287,995.20 53,965.14 Unscheduled Principal 476,221.66 1,993,264.61 717,970.22 Scheduled Interest 979,276.14 2,639,807.34 383,254.27 Servicing Fees 65,259.57 167,193.51 24,666.85 Master Servicing Fees 0.00 0.00 0.00 Trustee Fee 1,044.14 2,675.11 394.67 FRY Amount 0.00 0.00 0.00 Special Hazard Fee 0.00 0.00 0.00 Other Fee 109,691.03 222,391.98 39,109.27 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 803,281.40 2,247,546.74 319,083.48 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 6.154509 6.721393 6.467858
Group Level Collateral Statement Group Group 2 ARM Total Collateral Description Mixed ARM Mixed Fixed & Arm Weighted Average Coupon Rate 7.787944 7.783989 Weighted Average Net Rate 7.287944 7.283989 Weighted Average Maturity 351 351 Beginning Loan Count 874 5,035 Loans Paid In Full 3 23 Ending Loan Count 871 5,012 Beginning Scheduled Balance 151,784,152.89 768,872,067.20 Ending scheduled Balance 151,425,369.97 764,830,134.67 Record Date 07/31/2003 07/31/2003 Principal And Interest Constant 1,096,421.32 5,594,452.19 Scheduled Principal 111,349.24 607,042.36 Unscheduled Principal 247,433.68 3,434,890.17 Scheduled Interest 985,072.08 4,987,409.83 Servicing Fees 63,243.41 320,363.34 Master Servicing Fees 0.00 0.00 Trustee Fee 1,011.90 5,125.82 FRY Amount 0.00 0.00 Special Hazard Fee 0.00 0.00 Other Fee 88,001.21 459,193.49 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 832,815.56 4,202,727.18 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 6.584210 6.559313
-----END PRIVACY-ENHANCED MESSAGE-----